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Regulations for Signal Providers
Jan 14, 2010 부터 멤버
게시물556
Feb 20, 2012 at 11:47
(편집됨 Feb 20, 2012 at 11:48)
Jan 14, 2010 부터 멤버
게시물556
You would expect for strict regulations and rules for engaging in such activity, however the sad thing is that there is zero regulation nor requirements;
You can be a real trader looking to manage OPM, while on the other hand you can be a 16 year old kid trading a demo successfully for a month and advertising yourself as a manager on a signaling service such as zulutrade.
No wonder investors still keep losing their money even if subscribing to a 'successful' signal provider as it is always a matter of time before a margin call happens - always do your due diligence before investing in anything!
Not to mention that all those signal providers aren't in for the long term but for the short term looking to make money from rebates (more trading volume, more money for them), so it is common to see them taking big risks with your hard earned money, which is definitely not a good thing.
You can be a real trader looking to manage OPM, while on the other hand you can be a 16 year old kid trading a demo successfully for a month and advertising yourself as a manager on a signaling service such as zulutrade.
No wonder investors still keep losing their money even if subscribing to a 'successful' signal provider as it is always a matter of time before a margin call happens - always do your due diligence before investing in anything!
Not to mention that all those signal providers aren't in for the long term but for the short term looking to make money from rebates (more trading volume, more money for them), so it is common to see them taking big risks with your hard earned money, which is definitely not a good thing.
forex_trader_51805
Oct 29, 2011 부터 멤버
게시물3
Feb 20, 2012 at 13:44
Oct 29, 2011 부터 멤버
게시물3
OK, so trade followers must do a detailed due diligence themselves before following a signal provider.I also believe that its up to the platforms to filter the real trade leaders from the phoneys. The more info the provide the easier it is to make an informed decision. Some platforms also limit the signal providers by requiring them to meet certain requirements.
This is a complete conflict of interest. Signal Providers should never receive a rebate from brokers. It should be their goal to provide superior returns not generate as many rebates as possible. Maybe the platforms could let us know who is getting a rebate and who is not.
James_Bond posted:
Not to mention that all those signal providers aren't in for the long term but for the short term looking to make money from rebates (more trading volume, more money for them), so it is common to see them taking big risks with your hard earned money, which is definitely not a good thing.
This is a complete conflict of interest. Signal Providers should never receive a rebate from brokers. It should be their goal to provide superior returns not generate as many rebates as possible. Maybe the platforms could let us know who is getting a rebate and who is not.
Jan 14, 2010 부터 멤버
게시물556
Feb 22, 2012 at 13:21
Jan 14, 2010 부터 멤버
게시물556
JK, you're correct - there is definitely a conflict of interest, as with such a model, a signal provider nor the signal service have any interest to have only profitable providers. As far as I'm aware, most of the signal services are in that list (zulutrade, rent a signal, collective) except Currensee (I didn't try them therefor cannot recommend them).
A revue model of such a service must be a high watermark success fee - not a fixed monthly fee and not a rebate fee.
A revue model of such a service must be a high watermark success fee - not a fixed monthly fee and not a rebate fee.
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