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Tyrone has an advertisement placed on NN on his new offer on reviews of managed accounts which I think is worth mentioning. Tony from HYWD has also reviewed BFMA and has his views presented here.
He has offered to let me in on some of his accounts with a read-only password, so we’ll see how it goes with some of his recommendations in the near future.
Check out his updates on NN here.
An account for which the holder gives his/her broker or someone else the authority to buy and sell securities, either absolutely or subject to certain restrictions. also called controlled account or discretionary account.
Usually you’ll sign a LPOA (Limited Power of Attorney) form for the trader to trade for you, and he’ll have a percentage cut of the profits from the trades he does on your account. You have total control of your account still and the trader has no power to withdraw the funds.
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Thanks this is some useful info and a good site.
Not a problem monds, you have any recommendation as well? Would you like to join us as a blog author?
Thanks for the share…
It will be a good consideration in future for me.
=)
Thanks for the plug, Jude. I am about to join some of the accounts soon, not decided which one yet. But there will be a gollow up as soon as I do it
Nice, maybe you can have a log or something so we can keep track!
Sure things
Hi Jude,
Any word on Infinity Trading Group, formerly known as Fusion ATS?
Thanks.
I’m not sure whether NN has a thread on Fusion ATS, cos it sounds really familiar, maybe you might wanna head there?
….and how about this one at
http://www.managed-forex-accounts.info
http://www.managed-forex-accounts.info is the site of the guy who presents the same accounts. BFMA is his affiliate so basically it does not matter which site you are going to use
The products listed in www.managed-forex-accounts.info show excellent trading results !!
Has anyone got first hand experience with them ?!
To me it looks like a scam as they don’t give any kind of protection of funds.
The website looks a bit dodgy with no physical address or nothing of the
sort ??!!
The ‘POA’ means SHIT if you don’t even know who you’re siging with !!!
Stefan
Oh dear - Stefan, ever seen a managed forex account with “protection”.?
Please show me. Whole thing must be new to you. You don’t even seem to be able to find the “contact-button” among 6 buttons on that site.
These guys want to bring real good traders. Latest they are testing is one from Georgia with 40% in last 7 weeks. Not that bad.