We have decided to provide managed accounts services based on our profitable EA (The MillionPips EA)
*You need $1000 minimum investment in your Forex account with a regulated broker.
*We will send the Robot (The MillionPips EA) to your Forex Account.
*40% monthly performance fee on new profits.
*Only you control the deposit and withdrawal of funds at the forex brokerage. You can access trading records 24/7 but only our Robot can trade for you.
Potential clients may contact AbodA International LQUK007atYAHOO.com
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What is performance fees?
The performance fees(e.g.25%) are taken on a net new high watermark basis. A high watermark is the previous high in the participant's account (adjusted for deposit and withdrawals). It ensures that the fees only get deducted based on new performance, rather than just recovery of poor performance. In other words, if an account loses money over a period, the account must first recoup previous losses and then any profit above the net new high watermark is subject to a 25% performance fee. As an example:
System starts with $50000 initially.
At the end of first month, it makes $3000 bringing the equity to $53000, on which there is a 25% performance fee of $750 deducted.
Then, at the end of second month, it loses $4000 bringing equity to $49000, on which no performance fees are charged.
At the end of third month, it makes $2000 bringing the equity up to $51000, on which no performance fees are charged since the watermark was not reached.
Lastly, at the end of fourth month, it makes $3000, bringing the equity to $54000, which is a new equity high by $1750 over the watermark of $52250 ($53000 - $750) in first month, on which performance 25% fee of $437.50 is deducted.
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Managed forex trading account: the truth about managed accounts
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After spending some time reading various public forums, it is clear that there is a lot of demand from investors to diversify away from the traditional mutual funds into managed forex. Some people just seek high returns on their money through someone else's forex trading. Unfortunately, the truth is the vast majority of managed accounts are negative after 12 months, many even receiving margin calls before the 12 months are up.
There are a very large number of managed accounts out there now. Even a simple Google search will provide many traders offering their services. "Over 95% of traders lose money". This statement is certainly no different when it comes to managed accounts. Many traders offering managed account earn commissions for every trade they place on your account, even the bad ones. This enables the trader to get live trading experience with no risk to his own money (because he is risking yours) and also gets paid flat commissions. A win win situation for the trader. A bad deal for your money.
Other Managed Accounts take a percentage commission based on the performance. A monthly performance fee is definitely better suited to the trader. Lets say a trader earns 3% per month for 11 months, he picks up nice commissions every month, but say he then loses 50% in month twelve (may seem unlikely but I have seen many Managed Accounts face a similar fate) your account will be lower than its nominal value but the trader will still have made nice amounts on the commissions. If however the commissions were on an annual basis. You would not have to pay anything.
In conclusion, most managed forex accounts really are not worth your time, it is sad, but it is true. Most will fail and lose some or all of your money. However, on a brighter note there are managed accounts out there that have beaten the stock market in the long term, but they take a lot of finding. Do your research, never give control of your money to anyone lightly.
Source Forexpm.com - Free Forex news, strategies, information, ebooks
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Forex Managed Accounts were created for investors with risk capital who chose to have a professional trade on their behalf. In a Forex Managed Account, the positions are held in the investors account, independent of other investors. Unlike mutual funds or hedge funds, which commingle your funds with other investors, a Forex Managed Account is an account held exclusively in your name and all or part of your funds can be redeemed within one day. There is no lock up period and no withdrawal fees.
Forex Managed Accounts - financial safeguards to ensure that companies perform on their customers' open futures and options contracts. Clearing margins are distinct from customer margins that individual buyers and sellers of futures and options contracts are required to deposit with brokers. Within the futures industry, financial guarantees required of both buyers and sellers of futures contracts and sellers of options contracts to ensure fulfilling of contract obligations. FCMs are responsible for overseeing customer margin accounts. Margins are determined on the basis of market risk and contract value. Also referred to as performance-bond margin.
Self-trading in the currency markets can be a difficult proposition. To be successful, a currency trader must follow market movements 24 hours a day, six days a week. Many Forex investors do not have the time, experience or desire to self trade, but seek the diversification and profit potential that foreign exchange trading offers.
To install the EA, open MetaTrader 4 and go to the 'Expert Advisors' tab. Once there, click the downloaded Forex EA and give it a name. Then, you need to set up the settings. To learn more about EA - Best Profitable Verified Forex EA You Can Buy For MT4 And MT5, visit on hyperlinked site.
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