Who would be interested in opening a true managed forex account; your account in your name, full control of your money, no third party deposits, no risk of someone running away with your money, FULL transparency; with as little as $250 USD?
I have made a few posts on this forum regarding managed accounts and most responses I received where regarding the relatively high minimum deposits, ie. $10k and up. I attempted to launch a forex pool, registering with the NFA and trying to follow their regulations to the "T", however it just wasn't feasible and was WAY to much involvement for the expected return.
Having RB relationships with several brokers I attempted to find a solution for the smaller investor. I had been demoing the Oanda FXManager Platform for about 2 months with decent results so I decided to do a little more research on their company as I was not to familiar with their trading practices. To my delight clients are able to open accounts with as little as $1.00, and because of the PAMM style FXManager Platform this does not effect trading one iota.
Since posting on my blog re; Oanda, I have moved 3 of our larger managed account clients over to Oanda in order to get the account started. Because these accounts are of decent size I can now accept new accounts with VERY low minimums.
For the first 60 days or so I will allow clients with as little as $250 USD to allocate funds to our FXManager account. Once this promo has passed the minimum will be raised to $1,000 USD.
If you are a veteran HYIP'er, don't you think it's time to stop throwing your money away and actually start investing it? And to those HYIP newbies out there, run away, run away and don't look back. Regardless if you decide to give our managed accounts a try, for pete's sake if you have some money to burn...well....you might as well light a match.
The expected returns are between 10 and 25% monthly. Our average net return since we began managing accounts is approx. 13.7%. (Late 2006 till now)
We where dealing with another broker for our smaller accounts ($5k and up) however we have run into some issues with this broker and we have decided to move over to Oanda.
The minimum is VERY low but since we have several clients already transferring accounts, and based on the percentage allocation management model that Oanda uses it is possible to manage such a small amount because the system allows us to trade the equity of all our clients as if it where one large account.
No risk of someone running away with investor's money. Can explain more about this ? Will each person get dedicated account with personal password ? Thanks
There is absolutely no risk of anyone running away with your money. As a client you open your own trading account with Oanda (fxtrade.oanda.com), the largest FX Retail Broker in the USA, and one of the largest in the world. The account, and your money can only be access by you. FX Hoy Capital Management (Myself and My Company) only have access to trade on your behalf via a limited power of attorney. Losses can and will happen as this is REAL trading, however seeing as only you can actually access and withdrawal your money you can rest assured it is safe from being outright stolen.
My comment to run away directed at newbies here at TG is from HYIPs in general. Don't be sucked into the hype, you will have your money stolen from you sooner or later.
I certainly would be interested but like the others I would want to have a bit more information regarding how long you have been doing this and some proof of results of investments.
It would be especially helpful to those of us who want to invest in forex but it is all greek to us. lol
Performance history on the FXManager Demo platform will be provided as we have been testing their software since early June. Information will be given regarding my company including real contact details and our company bio. I personally have been trading in the spot currency market for a little over 7 yrs, the last 2 of which for managed account clients.
Our web site will be launched in a couple weeks, however our blog does contain 3 months of trades, trade signals, and some information regarding what it is we do. Our main domain, www.fxhoy.com has been redirected to the blog as the site is being finalized.
For anyone who may be interested in opening an account at Oanda I would suggest getting a jump on it over the weekend as account verification can sometime take a few days.
The limited time low initial capital is interesting. Usually managed accounts require minimum of tens of thousands of dollars. Can u tell us more about urself and other traders. It's important to know who are the traders, their qualification, track performance, etc. Thanks.
Forex Managed Accounts ; LOW minimum deposit
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