To use chat, please login.
Back to contacts

BPGE (PAMM account) (By BP33 )

The user has deleted this system.

BPGE (PAMM account) Discussion

Irishmist
Apr 04 2016 at 14:58
136 posts
ISFurlan posted:
Some brokers might ask you to prove the account you've sent funds to them really belongs to you. That's the reason why they're asking for such documents.

When you send funds from an account it states from who it has been sent. Needless to say they have a utility bill and an ID when you open an account. So all the AML requirements are satsified prior to depositing and NOT after when you request a withdrawal

Never seen anything like it

BP33
Apr 04 2016 at 17:59
121 posts
Hi everyone,

*Please read this thoroughly*

The broker we chose is PriorFX and some of the reasons we did so are because they are true STP, have their trade server in Equinix LD4 (London), and use a Swiss bank for the segregated client funds. During the live testing we found their execution to be exactly how we feel it should be, which is a very welcome change indeed.

In addition, they were more helpful in 2 minutes than the previous broker has been in 2 years.

We also have direct communication with the heads of Admin and IT, as well as the owner.

We're still waiting for the website stuff to be done so in the meantime I'll go ahead and give you the signup link and then once you're accepted as a client by PriorFX you'll need to email them for the docs you need to read and sign in order to invest.

Signup link is https://priorfx.com/en/?live=sector (you won't be able to invest unless you use this link)

Email address to request the docs you need AFTER you've been accepted as a client is [email protected]
(Won't need to do this once the website is updated)

The strategy is now named Sector 1 (yes, there'll be Sector 2 and eventually 3, 4 and so on but they will be from other traders).

You have 2 options for investing in my strategy:
Sector 1 Moderate - this is the most similar to the previous BPGE / Sector Capital account, suitable for medium to long term.
Sector 1 Low - less risk and therefore less return, more suitable for the long term but still quite decent.
You simply need to complete the relevant form, or both if you wish to invest in both.

Sector 1 Moderate is already up and running.
Sector 1 Low will only start once there's more than USD 100k allocated to it.

Minimum deposit is still USD 500 but to make it worth your while you really should be considering USD 1,500 or more.

Important: The only way you'll get any questions about the sign up process answered is to email [email protected]

Thanks :)


Lee (leeb77)
Apr 04 2016 at 18:03
39 posts
Thanks BP, I know this info will come on the website but it is important to know - will profit sharing be the same as with HotForex (eg: 15% to you?)
BP33
Apr 04 2016 at 18:08
121 posts
That was quick, Lee :)

Success fee is a very reasonable and fair 20%

It's also worth mentioning that previously the shocking amount of time it was taking for orders to close was costing the account literally tens of thousands, which in turn was affecting everyone's profit. No such issue now thanks to the superior execution speed which means more profit just from that.
Lee (leeb77)
Apr 04 2016 at 18:14
39 posts
Thanks BP :-) That sounds fair, I didn't realise the HotForex execution was causing so much loss of profit, look forwards to a new journey with you at this new broker..
Igor Furlan (ISFurlan)
Apr 05 2016 at 06:11
46 posts
Irishmist posted:
ISFurlan posted:
Some brokers might ask you to prove the account you've sent funds to them really belongs to you. That's the reason why they're asking for such documents.

When you send funds from an account it states from who it has been sent. Needless to say they have a utility bill and an ID when you open an account. So all the AML requirements are satsified prior to depositing and NOT after when you request a withdrawal

Never seen anything like it


For instance, from FxPro FAQ page (https://www.fxpro.co.uk/help-section/faq/deposits-and-withdrawals#how-can-i-withdraw-using-bank-wire-method)

'How can I withdraw using Bank Wire method?

Kindly be informed that in order to withdraw using the Bank Wire method, you should first refund all of your deposits made by Credit Cards, PayPal and Skrill, within a 6 months period. If no recent deposits are available for refund, then please log in to your FxPro Direct and submit a Bank Wire Withdrawal. Please make sure that you will first provide us with a Bank Statement, stating all of your Bank details (Name, Account Number and Home Address).'
Muhammadtk
Apr 05 2016 at 06:15
2 posts
Dear friends,
I am a HotForex IB from 2010 i have lot of experience with many brokers include HotForex. i was very happy with Hotforex. but recently got some bad reviews about Hotforex. i was trade with one small account(500$ or 1000$) with high risk and i have make 100% per week after some weeks i got huge requite and long waiting to close order.. finally i am stop trading with their account. and now With BPGGE issue I Can tell you something. Main one that they are Not STP. so they happy when you loss your money. they not announce their liquidity providers any time. 95% clients happy with them because if you one loss making trader then you have get great support from HF but everyone know 95% of traders losers that is why i told here 95% of HF clients Happy with their service. and the PAMM system as created for mislead to investors because that statistics is not perfect.
I request you all .... please write all your had issues with FPA because we have to reveal real face of HotForex.
Muhammadtk
Apr 05 2016 at 06:15
2 posts
Irishmist
Apr 05 2016 at 06:15
136 posts
ISFurlan posted:
Irishmist posted:
ISFurlan posted:
Some brokers might ask you to prove the account you've sent funds to them really belongs to you. That's the reason why they're asking for such documents.

When you send funds from an account it states from who it has been sent. Needless to say they have a utility bill and an ID when you open an account. So all the AML requirements are satsified prior to depositing and NOT after when you request a withdrawal

Never seen anything like it


For instance, from FxPro FAQ page (https://www.fxpro.co.uk/help-section/faq/deposits-and-withdrawals#how-can-i-withdraw-using-bank-wire-method)

'How can I withdraw using Bank Wire method?

Kindly be informed that in order to withdraw using the Bank Wire method, you should first refund all of your deposits made by Credit Cards, PayPal and Skrill, within a 6 months period. If no recent deposits are available for refund, then please log in to your FxPro Direct and submit a Bank Wire Withdrawal. Please make sure that you will first provide us with a Bank Statement, stating all of your Bank details (Name, Account Number and Home Address).'

well I do not use credit cards or any sort of debt to trade. I only use Bank Wires. So my initial investment is always a Bank wire transfer. Its really daft to use credit to trade the market as you are trading with money that you do not even have on the premise of paying it later. You should only trade with funds that you can afford to lose. Eeven if you have a good trader managing your account as no system or person is a holy grail
majamivice
Apr 05 2016 at 06:25
52 posts
Which leverage we shall choose?
Igor Furlan (ISFurlan)
Apr 05 2016 at 06:27
46 posts
Thanks, @BP33. Can we add and remove funds as we wish, or does your strategy have any deadline for depositing and a minimum period to wait before withdrawing?
BP33
Apr 05 2016 at 06:27
121 posts
majamivice posted:
Which leverage we shall choose?

Doesn't matter, you won't be using the account created as part of signup.

I'm sure I said to email [email protected]

Rules169
Apr 05 2016 at 06:29
10 posts
BP. I really like the new broker. You did a great job finding one that accepts low minimum deposits.

One question though. Do you think the cost of trading will be lower (spreads/commission) then hotforex?
(Hotforex ate 20% of my profits every month, because commission)
BP33
Apr 05 2016 at 06:30
121 posts
ISFurlan posted:
Thanks, @BP33. Can we add and remove funds as we wish, or does your strategy have any deadline for depositing and a minimum period to wait before withdrawing?

No issues or deadlines for deposits/withdrawals as far as the strategy is concerned.

Best to contact PriorFX if you have any further questions about the normal deposit/withdrawal processes.
Vengence
Apr 05 2016 at 06:33
25 posts
Just curious does PriorFX have a PAMM index / PAMM list so i can see Sector 1 stats similar to hotforex i can look at them on myfxbook but I'd prefer to see them on PriorFX
ngkeanjin
Apr 05 2016 at 06:34
23 posts
Account opening DONE
ngkeanjin
Apr 05 2016 at 06:34
23 posts
Hello Bp33 , i chose Standard account and 1:500 any problem with this? after account opening will my account be connected to your trading account?
BP33
Apr 05 2016 at 06:35
121 posts
Rules169 posted:
BP. I really like the new broker. You did a great job finding one that accepts low minimum deposits.

One question though. Do you think the cost of trading will be lower (spreads/commission) then hotforex?
(Hotforex ate 20% of my profits every month, because commission)

The usual minimum deposit to invest via them is USD 10,000 but we negotiated it lower because that's just too restrictive.

That sounds a lot like success fees coming out tbh.
fire_kid
Apr 05 2016 at 06:38
50 posts
too bad they don't have webmoney deposit and withdraw option.
BP33
Apr 05 2016 at 06:38
121 posts
Vengence posted:
Just curious does PriorFX have a PAMM index / PAMM list so i can see Sector 1 stats similar to hotforex i can look at them on myfxbook but I'd prefer to see them on PriorFX

Thank you for the good question :)

It's probably best to revisit this after their website updates are done, which is supposed to be any day now.

At the moment, no. You do get a MUCH better experience from your login though.
Please login to comment .