Welcome to my managed forex accounts review site.
Date 17th December 2015
I wanted to do a review site because nobody else was really doing it. I have invested in several but none have really set the world alight. Some have been awful, to say the least. You can read more about them on this site on various pages.
I am updating this page because one managed account has come to light that I think could become exceptional, it is – Wealthified. The returns over two years are very good indeed.
Click on the percentage to see the statements
Alas, NO US clients and/or tax residents are accepted by the bank with this managed account. US clients can check out the account on this site @ www.acorn2oak-fx.com/managedforexaccounts/reviews/diamondfx.html.
Apart from the great returns, their account has some super added benefits.
First of all is the low minimum of $5,000 US dollars starting capital required. The majority of other managed funds need at least $10,000 US dollars.
Next is the performance fee. Other funds charge between 25% to 50%. This trader is only asking for 15% performance fee, (I can see this going up to 25% very soon), plus a nominal $50 per million dollars traded.
The broker is Dukascopy Bank SA, (one of the finest brokers around), where you will need to open an account. Dukascopy Bank SA
Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland.
Your deposit is also protected by the Swiss government up to CHF 100.000
You really need to check this one out as it could be an excellent opportunity. The low 15% performance fee may increase at any time. To find out much more, head on over to their website right now by visiting Wealthified or clicking the link below.
Accounts That I Am Currently Investing In
|Company||Visit Site||Read Review||Overall Rating||Comments|
Accounts That I Am Considering
|Company||Visit Site||Read Review||Comments|
Accounts That I Am Not Investing In
|Solidary Markets||I invested with this account but failed to produce any profits. Disappointed because they are a decent company and trustworthy.|
|Thefxhelpers||Thefxhelpers are a very reliable, trustworthy company. I am no longer investing with them because I wanted higher returns on my investment.|
|Vista FX||Invested in Vista FX but they lost 98% of my money. They took a gamble and lost. Keep away from.|
|Deltafins-invest||Never got back to me when I asked if they were registered.|
|Forex Atom||2% management fee on deposit. Don't want to pay up front.|
|PrivateFX||Lack of transparency. They replied but avoided my question if they were registered.|
Date 20th April 2014
I have conducted several managed forex accounts reviews about accounts that I have personally invested in over the last few years and I wanted to start a page that is dedicated to the one that I feel is the best one that I have had.
At the moment, the only one that I am investing in is Solidary Markets FX.
Below is the Realtime chart for the Lighthouse Tiger Account
Solidary markets works like this. They have four individual accounts. Each of these can be invested in on an individual basis. They all have a different trading strategy and produce varying results. Alternatively, they can be combined into a “Blender Account” to spread and mnimise any risk.
The min recommended amount of LightHouse Tiger is $2,000. And the minimums are depending on the portfolio but in general the less recommended is $1,000 for Cugat and the other ones require higher amounts.
When I first started with this company, I had an email from someone that worked there. He had seen that I am doing reviews and wanted me to do a review on his account, the “Silver Portfolio”. It was producing stunning results at the time that were verified by myfxbook, an online analytical tool.
I made a blog post showing a typical example of how to set up a managed account which you may find useful. Check it out here.
For some reason, the trader lost interest in trading and left the company and left my account with a floating drawdown, a drawdown that I still have on my account. It means that the trades are still open but are in deficit. They can come back into profit so it’s not really a problem. All accounts go into a floating drawdown, it’s just the size of it that can be a problem.
Anyway, because of the trader leaving, they closed the “Silver” Portfolio and the boss at the company advised me to transfer my funds into one of their combined portfolios. There are two of them, the “SMFX Blender Portfolio” and the “Total Trading Portfolio”. These accounts are a mixture of the Four individual accounts except the SMFX Blender Portfolio is slightly lower risk than the “Total Trading Portfolio”.
This combination of strategies is a far safer way to invest in a managed forex fund because it spreads the risk. If one portfolio goes into drawdown, the others portfolios will ensure that nothing serious happens.
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Since my funds were moved across into the Blender Portfolio, whilst my floating drawdowns are still there, the profits have been about 20% in about 7 weeks without the floating drawdowns. They mostly trade very small lots of .01 which means that profits and losses will never be big. There are hundreds of trades slowly building up the account value, rather than several large trades that can really damage the account.
I wasn’t going to invest in any more accounts for a while but the low minimum account opening amount was 1,000 Euros and I felt I had to check it out. This is a fantastic amount because it allows traders to test the waters without too much investment. Most other managed forex accounts require $10,000 dollars to start up.
My managed forex account review – in summary.
To me, a service that safeguards the investors money is the top priority. Honesty and reliablity are more important than the potential profits that you can make.
Solidary Markets are for the trader, not for themselves. They really care about the investor. I know this because I unfairly had a go at them because I was unhappy with the drawdown I was suffering and I really upset them. They are a family and have a close working environment and they were very upset that I was unhappy.
They offered me a solution which blew me away. I can’t go into detail but I had never come across this type of personal service before. I trust them completely.
The profits with their combined accounts are very good. 20% in 7 weeks is very good, and the fact that that is made from low risk trades makes me feel very comfortable indeed.
I am staying with Solidary Markets because I believe they are safe, reliable, attentive and they care about me as an investor.