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DDmaster

Biedrs kopš Jan 04, 2010  43 ieraksti DDmaster (DDmaster) Jun 18 2010 at 12:55
you cant seriously be offering managed account with a 1 month demo account !




yoorforex posted:
    1. Minimum Acc : 5keuros or equivalent $
2. Broker digit : FXPro ecn, or Varengold 4 STP
3. Leverage : 500 or 200 (varengold)
4. Manager Fee : 30% depending on amount invested
5. Duration : 1 month
6. Estimation ROI per month : 15%
7. Type of Management : Direct Control Your Account
8. Myfxbook sample account: https://www.myfxbook.com/members/yoorforex/yoorforex1/31416
9. Description of your trading strategy :
Salping, trending, averaging, grid, hedging
Own engineered ea (not commercial)
Tp between 4 and 30 pips
Sl around 135 pips (the ea does not wait SL to be touched in most cases)



Our greatest weakness lies in giving up, the certain way to succeed is always to try just one more time.
DDmaster

Biedrs kopš Jan 04, 2010  43 ieraksti DDmaster (DDmaster) Jun 18 2010 at 12:56
how long do you guys think someones real preformance should be before they open a managed account service?

Our greatest weakness lies in giving up, the certain way to succeed is always to try just one more time.
WhyLose

Biedrs kopš Feb 16, 2010  102 ieraksti Lion Asset Management (WhyLose) Jun 18 2010 at 13:36
It's not just about performance. You need to create a solid foundation for your business.

Create a business plan.

Trade your investment strategy on MFB for at least one year whilst sorting the other bits.

Set your budget and timeline of completion - I'd favour two years but for me it was eight. I was in my comfort zone.

Define your fee structure.

Instruct your legal team to create managed account documents and the necessary registrations.

Choose a prime broker.

Build an early relationship with an auditor who will provide year-end tax work for your business, investor's report and a full audit trail for performance.

Devise a marketing strategy and budget.

Plan and build your website, marketing materials, etc, all of which will be fully compliant with the financial regulator in your jurisdiction and other countries where you intend to attract clients from.

And a lot more but that'll do as a taster.

Time is more valuable than money. You can get more money, but you cannot get more time.
DDmaster

Biedrs kopš Jan 04, 2010  43 ieraksti DDmaster (DDmaster) Jun 18 2010 at 14:14
That is a amazing pic of a lion you have on your website!

do you move country every 6 months to claim perpetual traveler status when it comes to taxes or because you live 6 months in a tax haven and then 6 months in a tax county and pay no a little tax in tax haven?

how much money do you have under management? <= sorry if its to personal

why dont you have recent preformance on your websit? it only goes to 2006

MFB one year?

 i think the business plan and the structure is quite simple , and the documents you just need a lawyer to look it over .


do you happen to know what the regulations for fxmanager are for spain or were i can get that info from on the internet ?
i just did a quick google search but all i find is fx managers ....

i was just checking now for in a matter of 4 or 5 months as i do whant to managed accouts latter as theres only so much you can do with your own money.



WhyLose posted:
    It's not just about performance. You need to create a solid foundation for your business.

Create a business plan.

Trade your investment strategy on MFB for at least one year whilst sorting the other bits.

Set your budget and timeline of completion - I'd favour two years but for me it was eight. I was in my comfort zone.

Define your fee structure.

Instruct your legal team to create managed account documents and the necessary registrations.

Choose a prime broker.

Build an early relationship with an auditor who will provide year-end tax work for your business, investor's report and a full audit trail for performance.

Devise a marketing strategy and budget.

Plan and build your website, marketing materials, etc, all of which will be fully compliant with the financial regulator in your jurisdiction and other countries where you intend to attract clients from.

And a lot more but that'll do as a taster.

Our greatest weakness lies in giving up, the certain way to succeed is always to try just one more time.
DDmaster

Biedrs kopš Jan 04, 2010  43 ieraksti DDmaster (DDmaster) Jun 18 2010 at 14:23
its ok i found the regulatory commity for spain.

Our greatest weakness lies in giving up, the certain way to succeed is always to try just one more time.
WhyLose

Biedrs kopš Feb 16, 2010  102 ieraksti Lion Asset Management (WhyLose) Jun 18 2010 at 14:35
Malta is my base DD and I use an ITC which gives me an effective tax rate of 5% on the company side and helps on a personal level if I don't stay in Malta more than 6 months each year.

Comisión Nacional del Mercado de Valores is at https://cnmv.es and is the relevant regulator.

We are closed to new clients except by recommendation from an existing client. And have been since 2006. That is when we stopped updating performance there.

I'm glad you like the lion - I always feel it's a bit outdated these days.

Time is more valuable than money. You can get more money, but you cannot get more time.
cateful

Biedrs kopš Dec 19, 2009  87 ieraksti Fill or Kill (cateful) Jun 18 2010 at 19:16 (labots Jun 18 2010 at 19:16 )
Hi,

I would say at a minimum, you should at least have 1 year of verifiable, audited track record. The optimal would be a period covering a complete economic boom and bust cycle. For example from 2001 to 2009.

bwizard

Biedrs kopš Feb 15, 2010  54 ieraksti bwizard (bwizard) Jun 18 2010 at 23:21
this is why you need to be careful not only of the traders, but also the clients. This was sent to me from a friend, the guy in question here is another trader that is in trouble. i have deleted certain info but read it and see how illegal even this thread is unless people are registered.
 
 We are far from done with this situation. I have sought legal council, and before this becomes expensive and time consuming for both of us, I would like to solve this peacefully. Through speaking with my legal council, NFA, and CFTC I have found this:
 
1. You are not registered with the NFA or CFTC which makes it illegal to advertise or solicit investors through the internet or any other medium.
 
2. You never gave me a disclosure document on trading advise/strategies or signed written statement explaining your exemption from applicable registration/disclosure documents required by NFA, CFTC, or other government authorities.
 
3. Your trade record appears to be bogus and or altered. Which holds you liable for losses and is fraud.
 
4. Even though you had POA you disobeyed strict instructions not to trade anymore which is a serious breach of that contract.
 
5. I have been instructed to give you 1 week to return my losses in the amount of xx,xxx.xx
     
If you fail to do this I will be filing the civil suit and also all of our texts, emails, info, your trade records of my account, your personal trade record you advertised was yours, will all be formally submitted to the NFA and CFTC. I have spoke with them and upon me giving them this info they will be requesting your verified trade records from Interbank FX. They will also start action on number 1 on this list above.
 
I am not threatening you just asking you to do what is right. You are more than welcome to talk to me about this or go seek legal council/speak with the NFA--CFTC.
I will also need a scanned email copy of the signed POA with your signature and the Notary public's signature.

You will never go broke by taking profits
ForexSeeker

Biedrs kopš Apr 20, 2010  814 ieraksti DoubleTrap (ForexSeeker) Jun 19 2010 at 00:48
The guilty site will be the FX Manager as he disobey direct order from investor to stop trade yet continue trade to lose money.

The victim side will be the client, but then can he really get back his money ? How at first place the client confident to give >10kUSD to the Manager and now only start to accuse the Manager not register, no give him document sign? I think the manager tackle human greediness by showing him the Super FX Genius sort of statement that can make you rich over night.

So now the client trying to be smart asking the Manager to sign the Power of Attorney document so he can use as a proof.

What are the outcome result we can expected from this case ?

1. Client lose money.
2. Manager get away free without any prosecute.

Information is Gold when come to organised.
bwizard

Biedrs kopš Feb 15, 2010  54 ieraksti bwizard (bwizard) Jun 19 2010 at 01:31
just saying refer to #1 in my post above i would not put my info on this thread if i wasnt registered and legal.

You will never go broke by taking profits
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