How to get others to trade on your own "fund" like Apiary Fund or Maverick?

Oct 25, 2018 at 06:46
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7 Replies
texasboogie
forex_trader_355229
Member Since Aug 27, 2016   4 posts
Oct 25, 2018 at 06:46 (edited Oct 24, 2018 at 19:59)
I have been very curious about how Apiary Fund and Maverick Trading are able to setup a trading platform and have others trade on their own platforms for a profit. Does anyone know how to setup this type of account or business? Where to start?

This would be great as from what I understand through taking some of their courses on both platforms, these businesses or 'funds' are setup using their own retirement accounts and they allow traders to learn how to trade and then trade their own retirement funds. This is why they always say, trade with our money and etc, but end up also cutting a percentage of the earnings to their profitable traders.

This would be a great alternative to trading your own account and get X number of traders who are actually good. It's all about math, get 1000 traders together and earn a profit as the more traders you have actually doing the trading would equal more profits in numbers.

Thanks for the advise in advance!

JC
Member Since Apr 18, 2017   718 posts
Oct 28, 2018 at 08:55
No mate, I don’t have long-detail knowledge on this issue! But, I am also interested to know more as like you! Hope, very soon we’ll get our info’s.
Kalamo
forex_trader_538373
Member Since Jul 07, 2018   108 posts
Oct 28, 2018 at 14:57
Hi, I don't have the accurate answer to your question but it seems you are looking to join some sort of funds or experienced traders to pool into and make consistent profit by splitting the investment in multiple strategies.

I think one of the golden rules for any investment is to have a diversified portfolio, even in Forex. This is possible with the funds you are referring to and also with PAMM accounts or signal copying through myfxbook.

I am an account manager at Fibo Group and I have good results that I also share on myfxbook. My profitability is open to public, you can click on my avatar picture to see the results.

Investing a part of your trading capital into profitable PAMM accounts is a great way to reduce the risk of trading only 1 account. You can also copy other traders account through myfxbook.

Before you decide to invest in a fund, PAMM accounts or signal copying, just make sure to split the funds in many signals, PAMMs or funds to reduce your risk.


Regards

Denis
texasboogie
forex_trader_355229
Member Since Aug 27, 2016   4 posts
Nov 01, 2018 at 07:33
Denis,

Unfortunately in the USA, PAMM Accounts are not allowed on the trading platforms. However, it seems that there is some loophole for using a type of Retirement Account, which is where I am attempting to find out how those two companies, Apairy Fund and Maverick Trading, are actually doing it. They are not sharing it, but from what I understand you are trading with their money after they are confident that you can make successful trades. Hence, they open a school to teach you trading on a Practice Account, then move you over as a profitable trader using their money in a live platform when you can prove your trading strategy.

Thanks,

James
texasboogie
forex_trader_355229
Member Since Aug 27, 2016   4 posts
Nov 02, 2018 at 06:26
Again, it's not about having other people manage my the funds. These two sites have complete control over their money on their own platform.
Kalamo
forex_trader_538373
Member Since Jul 07, 2018   108 posts
Nov 02, 2018 at 06:43
Balakrishna posted:
If you want someone to manage your account,why not try somewhere like zulutrade or darwinex

I think Texas wants to become an account manager, not to have his money traded by a manager.
texasboogie
forex_trader_355229
Member Since Aug 27, 2016   4 posts
Nov 08, 2018 at 07:42
Again, this is not about having someone else manage an account. In the USA, we can't use ZuluTrade or a PAMM and we are prohibited from using any site that does as a US Citizen.


Please re-read the original question without jump to conclusions so that you understand the question.

These two sites, Apiary Fund and Maverick Trading have their own proprietary trading software. They advertise that they will teach you how to trade or you pay a fee to learn how to trade. Once you are proficient with your trading, they fund your account on their platform and give you a percentage of the earnings. This is the reverse of a PAMM.

And they are using their own Retirement Accounts to fund the trader's accounts. This is what I want to learn how to do.

Thanks,

JC

Member Since Apr 18, 2017   718 posts
Nov 29, 2018 at 14:46
texasboogie posted:
Again, this is not about having someone else manage an account. In the USA, we can't use ZuluTrade or a PAMM and we are prohibited from using any site that does as a US Citizen.


Please re-read the original question without jump to conclusions so that you understand the question.

These two sites, Apiary Fund and Maverick Trading have their own proprietary trading software. They advertise that they will teach you how to trade or you pay a fee to learn how to trade. Once you are proficient with your trading, they fund your account on their platform and give you a percentage of the earnings. This is the reverse of a PAMM.

And they are using their own Retirement Accounts to fund the trader's accounts. This is what I want to learn how to do.

Thanks,

JC


That’s the point! And you described very smartly!
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