Hi. Your post was great in terms of questions. I know groups like tradegeniusgroup and others like darwinex can help introduce you to asset management/managers which uses FCA regulation. Check them out. As for the requirements. If your a EU client it is important to see the traders come via Asset management licenses and yes UK FCA Brokers or maybe Australian Brokers is ok also.
Make sure they have live accounts and are honest with you about risks and draw downs and good and bad months they have had. Splitting up into medium and low risk is a nice idea also and I would stay away from high risk. That is my advice. Also I do not think copy trader is a good idea these day as too many un reliable traders.
Hi - After a severe kicking on the market I've decided that trading directly is not for me and its better to find someone to do it on my behalf.
I have gone through this thread, 54 pages, and its depressing to see how many of the people putting themselves forward as money managers have over the year taken catastrophic losses or have simply disappeared off the radar. They seemed credible at the time and that makes me fearful about trusting my money to anyone else... But, I have to face as a trader I am a hit and miss amateur and my money needs a professional. I have a full time job and family so spending the time to actually learn and trade to a required level is not really a realistic option.
May I ask for some advice...
1. Managed accounts - I figure minimum of a year's trading history...broker FCA regulated....Anything else I should be looking at? To be honest id be perfectly happy with an 8% monthly return. I've seen performance rates as low as 20% and as high as 50%. What is reasonable?
Can anyone give a recommendation for a service that you are using?
2. If you had an investment pot of say £30k would you split it into different managed accounts to spread the risk?
3. I have largely discounted copying signals or using robots. Am at work so can't really monitor the trading. Am I wrong? Is this the way to go?
Your comments or advice would be much appreciated.