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Myfxbook Autotrade

siginvestfx (siginvestfx)
Feb 22 2018 at 08:31
9 posts
I am getting the following message when I try to access my Autotrade accounts.
'Notice! This service is currently unavailable in your country.'

Is this a temporary error? or are USA subscribers now permanently banned from autotrading on MyFXBook?
 

Yonex
Feb 22 2018 at 14:47
88 posts
Is there anyone else here who is/has subscribing/ed to the system 'R2M Pro'? I subscribed on December 8, and since then the system has been losing money extremely consistently.....

One or two bad months is tolerable, but it's been close to 3 months and during this period drawdown increased from about 5% to 22%, it's ridiculous. The only reason I haven't left the system already is because the author's account is funded with a fairly respectable 13,248 GBP (was about 16,400 GBP when I subscribed...).

With no way of communicating with the provider, it is also not possible at all to know what is going on. All in all, I have lost about 600 USD through various Autotrade systems over the past 15 months and have so far subscribed to a majority of the (at the time) better systems...

Whoever said money can't buy happiness didn't know where to shop.
OnTheEdge
Feb 23 2018 at 01:18
44 posts
siginvestfx posted:
I am getting the following message when I try to access my Autotrade accounts.
'Notice! This service is currently unavailable in your country.'

Is this a temporary error? or are USA subscribers now permanently banned from autotrading on MyFXBook?
 



I think we are being locked out of yet another opportunity to escape our plebeian existence.

AniLorak
Feb 23 2018 at 10:06
920 posts
Yonex posted:
Is there anyone else here who is/has subscribing/ed to the system 'R2M Pro'? I subscribed on December 8, and since then the system has been losing money extremely consistently.....

One or two bad months is tolerable, but it's been close to 3 months and during this period drawdown increased from about 5% to 22%, it's ridiculous. The only reason I haven't left the system already is because the author's account is funded with a fairly respectable 13,248 GBP (was about 16,400 GBP when I subscribed...).

With no way of communicating with the provider, it is also not possible at all to know what is going on. All in all, I have lost about 600 USD through various Autotrade systems over the past 15 months and have so far subscribed to a majority of the (at the time) better systems...


That was the age of trader’s account? Was that too young (less than one year)?

abesster
Feb 26 2018 at 11:50
1 posts
I've had bad experience with Auto Trade, even by following the 'better systems'. I then switched to another myfxbook service called signalstart, signed up to trial, purchased subscription to the top account and the next day, he lost $600 USD opening 70 trades!

Bad experiences with copy trading so far with systems powered by Myfxbook. Having a hard time finding a good copy trading system..

Myra11 (Myra11)
Mar 02 2018 at 09:46
3 posts
How are auto trade providers paid on myfxbook? Paypal? Skrill? BTC?
Anyone know?

“Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves the way to solution.” ― David J. Schwartz
OnTheEdge
Mar 02 2018 at 15:09
44 posts
Myra11 posted:
How are auto trade providers paid on myfxbook? Paypal? Skrill? BTC?
Anyone know?


It's all in the FAQ section.

Myra11 (Myra11)
Mar 04 2018 at 05:58
3 posts
OnTheEdge posted:
Myra11 posted:
How are auto trade providers paid on myfxbook? Paypal? Skrill? BTC?
Anyone know?


It's all in the FAQ section.


Actually, NO, my question is not in the autotrade FAQ. I'm very familiar with that page and the information provided. That is why I posted my question here. But disregard, as I've asked support the question and they obliged with an answer.

'Payment is made by Paypal (2% fee) or Wire Transfer ($40) - minimal balance to withdraw is $100 - you can decide when you want to withdraw the money (withdrawal may take up to 7 business days).'

If all that info is there on the FAQ page, then I must be blind.

“Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves the way to solution.” ― David J. Schwartz
OnTheEdge
Mar 05 2018 at 08:55
44 posts
@Lucas

Your right, it was answered sometime back in this thread, my apologies. As they have discontinued US based traders support for Autotrade rest assured I wont be back. Again my apologies.

PhilTrader (PhilTrader)
Mar 09 2018 at 09:19
13 posts
I use Pepperstone as my Autotrade Account - then copy the trades to JFD and IC Markets - copying is done on my PC instantly.

Now I found that JFD and IC Market close the trades at exactly the same time - but the spread is huge nearly 100pips

Can anyone give me an explanation for this ?
That way copying trades makes no sense at all !

Pepperstone - the 2,20 is comission


JFD


IC Markets


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