Frero 토론

Julien1984 posted:

Professional4X posted:

wassel2017 posted:
And if a follower had exactly copied my trades with 50% lot size, then he would have made 1.4M€ with 27% drawdown.

54% DD not 27%

Look at your own stats page. It is clear that you have 54% DD not 27%

Wassel is saying that if someone would have copied his signal with only 0.015 lot per $5,000 instead of 0.03 lot per $5,000, this person would have made 1.4M profit with only 27% DD (half of 54%).

Is 27%DD not acceptable neither for you ?

High risk trading without reasonable risk management is never acceptable, ESPECIALLY when people are PAYING to have their account traded by the investor.

A greater than 50% DD is NEVER acceptable.

@Professional4X

We got your opinion, no need to post the same thing every time.

The part with lawsuit is ridiculous (speaking of any copy trading, not only about frero). If it was possible signalstart will require signed paper(s) similar to the one you sign when joining a MAM.

I disagree with you on everything you are saying but it makes no sense to agrue.

You said what you have in mind, others do the same.

You dislike frero and you stay away from it, others copy it and make money. It is simple as that... and we know trading is risky.

The perfect zero risk trade is not to trade.

Professional4X posted: High risk trading without reasonable risk management is never acceptable, ESPECIALLY when people are PAYING to have their account traded by the investor.

A greater than 50% DD is NEVER acceptable.

it would be GREAT to never have a 50% drawdown but forex is a high risk venture and 50% can happen each year quite easily every year even when planning only a 15%-20% risk.

It's a public discussion and as such anyone can join.

The reality is that this is a HIGH RISK system with no RISK MANAGEMENT and is going to cause people to lose money.

Greater than 50% DD is unacceptable.

If you don't like what I have to say, then don't participate.
Otherwise, have a nice day.

I post ONLY the truth with factual supporting evidence.

You don't have to like it, but it's the truth.

This is a HIGH RISK account with LITTLE to NO RISK MANAGEMENT.

Hi @wassel2017

Is there a reason why both MAMs are with Offshore Brokers?

It would be so much nicer to keep my money with a FCA regulated broker. If not, atleast with ASIC.

Others feel free to comment.

it's about the lever. I joined the MAM at FXChoise. They have a very good support. You can pay in well with Bitcoin. Am satisfied.

doubletop69 posted:
it's about the lever. I joined the MAM at FXChoise. They have a very good support. You can pay in well with Bitcoin. Am satisfied.

Most FCA and ASIC regulated brokers are levered at 1:500 - thats even higher than FXC's 200. Barring a few exceptions.

Some day the offshore broker may disappear. Let alone profits - investors may not even recover their own capital.

This happened to me twice, at BlueMax Capital and TradeWale.
They had great service too - but only till they shut down and the emails bounce back.
And then, clients cannot go after anyone - Offshore regulations are as good as nothing.

TickMill is a big broker actually. But this MAM is run by their Seychelles entity.
I am surprised why that is.

Looking at Wassel's country France, there are many regulated broker options.

FX Choice is actually one of the few brokers (rare now) that allow US Residents.

So it makes sense to open one MAM with them for US clients.

But the TickMill MAM could easily be done with a major UK or Australian regulator - and not with Offshore Seychelles.

As shown on Signal Start, Frero is now up 21.82% this month.

Congratulations, Wassel!

I asked Wassel, reply was : 'This is because with tickmill UK the leverage is capped at 1:20 or so whereas with tickmill Seychelles the leverage can go up to 1:500'

I'm very grateful Frero is using FX Choice, they have my trust for the past 10 yrs. And yes, agree, best choice for US clients!

Gambis posted:
I asked Wassel, reply was : 'This is because with tickmill UK the leverage is capped at 1:20 or so whereas with tickmill Seychelles the leverage can go up to 1:500'

This was confusing, because a while back, when some people were wondering whether all the money in the Frero account from which the signal is copied was Wassel's own funds (or whether it included funds of MAM followers), he said that this account was with Tickmill UK, which did not allow MAM's, so it was all his own money. Hmm—but in the past Frero has traded at leverage as high as 1:200 (see https://www.signalstart.com/analysis/Frero/52591).

Here's the answer (from https://www.tickmill.co.uk/instruments/forex):

'Leverage up to 1:30 (Retail Clients), 1:500 (Professional Clients).'

So Wassel, as a pro, can have a higher leverage account than one of us.

The other reason he cannot run the MAM from Tickmill UK is that Tickmill UK does not allow MAM's, as noted above.

This page— https://www.tickmill.com/partners/multi-account-manager –does not exist on the Tickmill UK site.

For me, as a U.S. trader, FX Choice is the best option. They have been around since 2010, much longer than other offshore brokers that accept U.S. residents. And I think that since their maximum leverage is 1:200, they are less likely to go under.

I agree with JForex78 that it would be better for non–U.S. traders if Wassel could find a broker with strong regulation for the other MAM, but that may not be so easy. For example, IC Markets, a large, regulated, Australian broker which does allow MAM's, is in the process of moving accounts owned by nonresidents of Australia to its new affiliate registered in...none other than the Seychelles!

There's now a global directive happening as I write this - that all overseas clients - that is non-EU and non-UK clients, have to be on-boarded at offshore entities now.


This means, that if you are a client from Asia, opening an account with FCA or ASIC broker, they have to onboard you on a offshore destination. Like Bermuda, or Seychelles.

This... is a complete wow.

The first thing I felt after reading this is whats the security of trader's funds now, at these offshore destinations. Like zero!

Professional4X posted:

It's a public discussion and as such anyone can join.

The reality is that this is a HIGH RISK system with no RISK MANAGEMENT and is going to cause people to lose money.

Greater than 50% DD is unacceptable.

If you don't like what I have to say, then don't participate.
Otherwise, have a nice day.

There's a saying only invest the money you can afford to lose . At the end of the day this guy deliver with millions of dollar of profit .

Looks like risk wise FX Choice / Tickmill are different in opening lot sizes. FXChoice being smallest size lot opening per balance. I guess it's uncertainty of client withdrawing anytime, as balance in FXC is calculated by total deposits of followers. It's nice to see it grow!
You can follow and compare here: https://www.mql5.com/en/signals/author/wassel2017

Its December and the monthly performance seems to have gotten a cold 😎 😄

It is depend on volatility of market. It is not cold actually as we still hold and keep added sell on EU.

Great job with the return today Wassel, you showed amazing patience with that trade!