Review of managed forex hub – Forex managed Account
For whatever reason I went to the myfxbook first when I started a review of managed forex hub. I like the name and their philosophy and I especially like that they are from New Zealand. I am not sure why, but I have a good feeling straight away and already trust them and I like the results I see. So I went straight to the performance page on the managed forex hub website and it is all there for the world to see, which I always feel is a good sign. Looks like they have been trading since 2010, and with their combined experience of 28 years in the market, have decided that the algo based approach to trading (algorithmic) is the way forward for them. They certainly seem to be clear and direct with their communication although I see they have a Facebook page which hasn’t been added to for quite some time. They show their live trading performance and invest their own funds in the program they offer, which is the first time I have noted this in any of my reviews. They have a presence on 4 continents, so they say, so it must be New Zealand, Hong Kong, Russia and UAE from what I can find. Ah! But is that four continents? Now I will have to double check, because Hong Kong and New Zealand – Australasia? And Russia and UAE – Europe? No, wrong! New Zealand is Oceania and the other three are Asia. Well even if they have their continents wrong, they do write very well.
Read Reviews of Managed Forex Hub
The managed forex hub website shows quite a detailed page for managed options. During my research for other reviews I noticed other forex managed accounts also offered the high watermark structure (HWM) which seems fair. The high watermark is the highest level an account has reached, so if money is lost, the account must reach this highest level again before performance fees can be taken from the managed forex account provider.
There are four investor types that managed forex hub can offer managed accounts to; Retail, Professional, Institutional and Professional Funds. Their fees range from 0 – 2 pips and 30% – 35% and these are listed on the Limited Power of Attorney (LPOA) when their clients sign for specific funds. The minimum investment is $5000 USD.
So during my review of managed forex hub, I noticed they do show a risk warning and disclaimer but disappointingly, I cannot find any reference to a license or regulation. So even though their managed trading appears to show good performance and results, I cannot find any regulatory authorisation for the company, the strategies, the advisors or the traders. The managed forex hub trading teams are screened for such things as personality, behaviour, ability and competence, but no mention of regulation on the website. So, if they are not regulated then they are not for me.
So here is the reason for my reviews, it is just my opinion but I have gone to a lot of trouble looking through all the webpages to see how comfortable I am before I move on to the next step. I decided to share, otherwise it seems like a heck of a lot of information for one little person. So for this review of managed forex hub, even though I started out loving them and thinking they would be great, I have given them a 2 out 5 simply because they are not regulated.
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