Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => Managed Accounts & Signal Services => Topic started by: donnaforex on August 04, 2018, 11:16:37 PM

Title: Forex Manager DBA
Post by: donnaforex on August 04, 2018, 11:16:37 PM
Please welcome Forex Manager DBA to the forum.

Website: http://www.forexmanager.co.uk/performance.html

This account manager is offering a deposit guarantee for a few members if you are interested. I'll leave it to them to explain the terms of that.

If you have traded with Forex Manager DBA, please share your experiences in this topic, or ask any questions.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 05, 2018, 09:13:57 PM
Hello Traders

Please take the time to read this intro as there may well be an opportunity here for you, family and friends.

ForexManagerDBA is our myfxbook profile https://www.myfxbook.com/members/ForexManagerDBA , aka Forex Manager Team.

We have been trading for almost 15 years and managing forex broker accounts for about 10 years.  Our first large PAMMs were setup in 2009 with the then-largest retail broker.  The PAMMs were highly successful, some over a 1000% profit with ~10% DD.  The broker had b-book type affiliation with LPs and we were highly profitable, therefore our relationship with the broker deteriorated and between 2011 and 2015 the PAMMs were all closed by the broker.  We then focused on our own funds and traded privately for our existing high net worth clients.

Why now go public?
1. The trading opportunity is now too great to pass.  A major upgrade has been made to our strategy - if we weren't before, we are now the best at this style of trading - there is little to no competition - cannot disclose details, but our recent accelerated performance does illustrate this. 
2. Significant increase in compatible platforms and brokers, including the ability to trade alongside clients own trading systems at select MT4 brokers.
3. We have already maximised our own funds and that of our existing clients and yet there is space for more accounts, particularly at select priority venues.

Minimum deposit required per account is $10k USD or equivalent in other currencies.  (Lowered from $100k that was in place for the last 5 years to make this opportunity available to retail traders).

Performance fee is 50%, not negotiable. Invoiced 1-3 times a year only - allows compounding, and provides you with confidence that we are here for the long term.  Many charge a monthly 30-35% performance fee, add indirect fees by increasing spreads and commissions, charge management fees, and yet have a normal low profit factor and poor reward to risk ratios - therefore many investors are likely to be paying more already.

Talk may be cheap, but please keep reading to see how we strive to provide assurance.

What makes our service unique?
1. Arguably the most profitable in both the short and long term, and our team have one of, if not the, longest public verified trading history.
2. No PAMM or MAM, instead we trade directly onto your account, for which you will have full live password access.  Sign our private agreement, open the account in your name, fund it and we trade for you.
3. Some like to use own signals, manual trading or EAs, therefore we will do our utmost to support your own trading on the same account that we trade, even host on our servers if you wish.  Our trades are easily distinguished from yours.
4. At least 10 years experience trading via API on various retail and institutional platforms.
5. Holding times are short and we are flat (no open trades) at least 99% of the time.  Psychologically draining open trade drawdowns don't exist as we do not hold positions.
6. Strategy is a proprietary algo that has a statistical edge without comparison.  Extremely high probability trading, high profit factor, and drawdowns being significantly low in relation to gains.
7. Scaleable for EACH Investor up to $1 million in deposits with the typical forex brokers and more with institutional.
8. Diversify! We encourage diversification with many suitable regulated brokers.  Broker solutions are also available for non-professional status traders affected by ESMA.
and;

GUARANTEED INITIAL DEPOSIT for 6 months or 100% gain - Terms to follow soon.

Guarantee:  We could set aside between $100k to $200k towards guaranteeing new client deposits.  Every 6 months or 100% gain would allow more clients to join with the guarantee.  Any suggestions?  Initially we had thought to cap the guarantee to $20k per new client, but instead we could make it a lump sum value and allocate it on a first come basis - we need a bit more time to finalise the terms.

Verification:
- The team member responsible for paying out the guarantee is willing to provide the following to Donna:  a signed letter confirming the guarantee terms, along with his KYC docs. If you wish, we can email your forum username, initial deposit amount and full name to Donna as a form of confirmation that you have been accepted for the guarantee.
 - Performance is already verified by our myfxbook, but if thats not enough we could add many more accs and allow Donna to verify some of our own and family accs via TeamViewer.  The name on many of these accounts will match that of the guarantor.
- Donna and this forum have no affiliation to our service and therefore should be suitable to verify.

Website: Yes its old, but please understand that its been many years since we paid attention to marketing.  It was built in about 2010 and hasn't been updated since 2014 or 2015.  The basics of the info displayed is sufficient for the time being.   Instead of updating it, we will create a new website.

Brokers, LPs and Platforms:  are an element of our strategy and we will not disclose on public forums which brokers we trade at and request clients to respect that.  We trade at many of the same brokers used by retail traders and most on this forum will have an account with at least one of them.  Contact us directly to discuss further, or just join our service as all is fairly straight forward and we will guide you step by step to the most profitable solutions. 

ESMA (EU brokers and residents):  Our team and existing clients are mostly professional status and without such restrictions, however we are here offering our service to retail traders and therefore will do our utmost to ensure you have plenty of suitable brokers to choose from.  We do require / prefer 'full' leverage conditions - please follow our guidance.   There is even a solution for US residents...

Deposit:  Minimum is $10k (or $9k if absolutely necessary), but please if you are high net worth, please don't waste your opportunity by depositing only minimums.  The preferred deposit per account is $20k-50k.

Contact:  Clients receive our Skype (emergency use only as we need sleep) and Email (preferred means of communication).  Clients with at least $100k initial deposit also receive mobile numbers.

Feel free to contact us here on the forum via PM or ForexManagerDBA@gmail.com or info@forexmanager.co.uk

Thanks

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: diyforexskills on August 06, 2018, 01:56:06 AM
Stats look impressive.
So if performance is averaging 8% pm and performance fee is 50%, then the investor is making around 4% pm??
(Your FAQ shows an example for 20% pm above high watermark. Now it is 50%?)
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 06, 2018, 04:21:29 AM
Stats look impressive.
So if performance is averaging 8% pm and performance fee is 50%, then the investor is making around 4% pm??
(Your FAQ shows an example for 20% pm above high watermark. Now it is 50%?)

Thank you.
Please excuse our old website as it hasn't been updated for many years, the statistics page is most likely based off one of our closed PAMMs.  By default the website diverts to myfxbook, however forum rules required a webpage and until the new site is up, this will have to do, apologies.  The FAQ on our Myfxbook should be more accurate and we can add more there if it will help.

Performance:  Your example is correct, but its difficult to estimate our performance on a monthly basis.  Since PAMMs closed we no longer charge a monthly fee, only quarterly or even annually for the long term clients, therefore we have an excuse to request that clients have longer term expectations.  Our strategy requires a lot of patience and persistence, some weeks or months an acc may not experience a single trade, but can still be extremely rewarding over a longer period of time.

An illustration: please take a look at this account  https://www.myfxbook.com/members/ForexManagerDBA/405-hl-vip-usd/2563181   (Note the recent 11% loss on this acc was due to the LP "mistakenly" slipping our order to worst possible price - yes they refunded half of the slippage with a deposit of $3717 (see history), but of course it ruined our pretty graph and statistics)
In just over a year it generated 2000% with 3% DD, however there were many months that barely had any trading activity
Our most recent new client joined and even after explaining all this, he still left 2 weeks later after no trades, days before we hit a home run, and won't be allowed back - this also explains why we have for so long stuck with our existing private clients, their internal referrals and of course our own funds.  However the system opportunity is now far too great to not share.

Perf fee: The website FAQ perf fee calculation Example is just that (and should be deleted, again apologies).  The PAMMs were initially around 35-40% fee, made our job easier and allowed smaller investors to join. However our API trading has been at 50% since around 2011 or 2012 when the first PAMM was closed.  It takes a great deal of resources to trade each account separately as we now do, but the positive is that the potential return is substantially greater on a $10k-50k account compared to a $1 mill PAMM.

Hope that answers your question.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 06, 2018, 11:00:46 PM
Dear Traders, below is more info on how the guarantee works.   Please contact us if you wish to see the latest version of the Guarantee Terms.


How to Join & have our system applied to your trading account:
Please sign our 2 agreements, open an account at 1 or more of our preferred brokers using our chosen IB instructions, fund account, send us login, we countersign the Terms, we trade your account and we invoice you 1-3 times per year for our share of profits.


Deposit Guarantee Overview:
> Its $9k USD (or equivalent) absolute minimum deposit per account as stated in the Terms. 
> The deposit guarantee is limited to $20k USD (or equivalent) per person/entity and for a maximum of 6 months from the Terms Start Date.  The limit of $20k per person is there to allow many to experience our service.
> It may also include ALL the accounts you provide for us to trade within that first 6 months. Therefore you may experience our service with minimal risk concerns. 
> Minimum investment term requirement is 6 months, in order to make this worth our while, as we not interested in short term investors.
> Profit share will be invoiced at the end of the 6 months, or before, but only if the profits are substantial.
> The Total Guarantee is limited to between $200k and $400k, first come first serve ie. our Guarantor's maximum exposure is $400k across all Holders - once the allocation is full, every few months there should be availability again for new Clients to join under the Guarantee. 
> Our Team contains at least 2 self-made-traders (from this same system traded over the last 10+ years) that have the financial means to support such an offer - one of them is providing the official Guarantor Agreement that is held (for your security and our privacy) by the DF Forum owner.


Guarantee - Client Scenario:
If Client were to have say 5 accounts that are added to their signed Terms prior to the 6 months End Date, and they deposited say $20k in each account, their net deposits is then 20k x 5 = $100k in deposits or starting equity traded by us, so their HWM equity is $100k (assuming they make no withdrawals).


Guarantee Example 1 - Payout, trading loss:
Lets assume that after 6 months, at the Terms End Date, and due to our trading losses (highly unlikely, but possible), the Client's total equity has dropped from $100k down to $75k, which would be 25k less than their equity HWM or net deposits.  We would then refund $20k of that $25k loss to the client's bank account, within 1 months of the Terms End Date, as the limit is $20k per person/entity no matter how many accounts or how much in deposits.


Guarantee Example 2 - No Payout, early exit:
If the Client accounts were below equity high and the client chose to either exit our service early or prevent us trading the accounts prior to the Terms End Date, then it will be a breach of the T&Cs and we will not be liable for any losses.  The reason for this is that the minimum investment term is 6 months, which provides us with a fair amount of time to recover any loss.


--

Forex Manager Team
Title: Re: Forex Manager DBA
Post by: jwatts7701 on August 13, 2018, 01:20:33 PM
let me start with some questions here.

1 Who are you? What is your name?
2 Are you licensed at all?
3 Do you live in the UK?
4 Can you show us a bio or resume or something, to show your experience?
5 Can a client meet in person you if they want to?

This all seems pretty shady to be honest. You used to manage accounts a long time ago, stopped, but have recently come back (to me that says you have blown out all your accounts and are starting fresh now).

People typically like to know who their manager is and feel comfortable about it when having funds managed by someone else. Otherwise just offer a signal? Look at the outsideTheBox PAM thread. He is as a perfect example of someone being very transparent in who they are and what they are doing. This is the way to do this and adds a lot of comfort for people.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 13, 2018, 07:43:11 PM
Hi  jwatts7701

Most of this has been explained in the above posts and on the website  and myfxbook FAQ.

let me start with some questions here.

1 Who are you? What is your name?

1. Name:  Already stated that Only Donna will be given our team representatives name and ID (notary copy) and signed guarantee agreement and she may only disclose that if we do not honour our guarantee.
There are many of us in our Team and no names will be provided on a public forum as we have a great deal invested with our trading across all our offered brokers and therefore will not be compromised just for the sake of it.  Donna will be provided Teamviewer access to that same Team members accounts to prove he has many hundred thousand in deposits spread throughout numerous venues.  As we respect your public privacy, we expect the same in return.  Obviously Clients will get to know some of our names and would have pay us perf fees every few months and therefore will be receiving some of our names and bank account details etc.  If you factor in our verified performance, offer a guarantee and that we only request perf fee payment 1-3 times a years....therefore we are the ones that need to be trusting of you...

2 Are you licensed at all?

2. Licensed:  No. We do have access to entities that are licensed and through which we could offer our service, but see no point to increasing our costs and creating further complexity - our priority is trading profitably, not paperwork. 

3 Do you live in the UK?

3. UK:  One of us used to, but no longer.

4 Can you show us a bio or resume or something, to show your experience?

4. Resume:  Myfxbook is our resume, we have a large number of verified and separately managed accounts.
Experience:  its extremely evident in our trading style and verified accounts that we know what we doing - we trade via API from our own GUI / platform and we made exceptional returns for the last decade.  We can make many more verified accs public if you wish, but how many is enough?

5 Can a client meet in person you if they want to?

5. Clients have been with us for a very long time, some since 2009,  so Yes we have met many of our Clients over the years, and Yes with $100k in deposits we will make a plan to meet you, but at $100k you would also have our direct contact mobile number.

This all seems pretty shady to be honest. You used to manage accounts a long time ago, stopped, but have recently come back (to me that says you have blown out all your accounts and are starting fresh now).

6. Shady:  The guarantee and the verified performance is unbelievably good, agreed, but rather that than having to deal with shady type scepticism.
Incorrect, we never stopped managing accounts since 2009, instead we stopped marketing and focused on existing Clients and their referrals.  Do you really think its possible to blow accounts without some public repercussion - we can understand your concern, but its not applicable here.  Dealing with scepticism is why marketing became low priority - and "comfort" is why we now offer a total rolling $200,000 guarantee, as it offers far more investor comfort than any license, name and LPOA.  We've managed millions since 2009 - the guarantee is well within our budget.

People typically like to know who their manager is and feel comfortable about it when having funds managed by someone else. Otherwise just offer a signal? Look at the outsideTheBox PAM thread. He is as a perfect example of someone being very transparent in who they are and what they are doing. This is the way to do this and adds a lot of comfort for people.

7.  Who's the manager:  Our Clients will learn over time and Donna may view some of our servers and our own real large money accounts, but we are not going to disclose details on public threads and to non-Clients. What we doing? It is clear that we are in the business of making money and LPs don't like that - we don't need more attention and how do we know which person that contacts us is not an LP that is digging for info.

8.  Signals:  we don't use EAs and there is slippage if you copy our trades, therefore prefer to trade directly to ensure the trading is carried out under our supervision.

If you have more questions, please let us know.

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: jwatts7701 on August 14, 2018, 01:17:16 AM
You have been "managing millions since 2009"? Yet here you are soliciting investment on a forex forum?

You also wish to remain annonymous, meanwhile you cannot show any performance since 2009, nor the millions you are managing since then, nor have you made enough money to not need investors since then either.

With all due respect, most people on this forum are smarter than to fall victim to this

Title: Re: Forex Manager DBA
Post by: jwatts7701 on August 14, 2018, 01:18:27 AM
If you are not able to prove you have been managing millions since 2009, you will probably have better luck just being transparent and earning people's trust here, and trading for a while longer.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 14, 2018, 08:07:27 AM
If you are not able to prove you have been managing millions since 2009, you will probably have better luck just being transparent and earning people's trust here, and trading for a while longer.

Before you again decided to be negative and pile on false accusations and assumptions, please carefully read our above posts and look at our website performance page and our myfxbook page and the lengths we willing to go in order to verify.   All this has already been covered and with some effort you will see its already proven, but will try clarify here and verify further with this site owner soon.

Millions:  Yes we had PAMMs since 2009 at only one broker and combined they were in excess of $1 million - some generated over a thousand percent with less than 10% drawdown - naturally the balances became large and many were joining.  And of course since PAMMs were just a pool of the smaller clients, our private clients combined with our own capital amounted to much much much more.  With our (and most other) system execution on separately traded accounts are better than large pooled PAMM accounts, therefore we removed large Clients and traded for them privately.   Just the ONE team member account balance is verified at $350,000 on myfxbook...of course we manage millions if only 1 team members account many years ago was already a third of the way there and since then the performance has only continued and even accelerated. We are willing to verify the PAMMs myfxbooks with Donna ie. show the performance, balances and that we own the myfxbook page by login etc, so its not a matter of "IF", its imminent so long as Donna is willing.

You have been "managing millions since 2009"? Yet here you are soliciting investment on a forex forum?

You also wish to remain annonymous, meanwhile you cannot show any performance since 2009, nor the millions you are managing since then, nor have you made enough money to not need investors since then either.


You find it so easy to undermine by making short False accusation and Incorrect assumptions.

Millions again: It is clear to be seen on our website etc.  We did manage millions and have done for as long as we can remember, and still do, but only willing to verify the current "millions" with Donna, not the public. The privacy of our Clients and our own accounts is more important than pleasing critics.

Why we are now willing to take on $10k+ retail accounts? 
The following factors have increased our capacity to take on many more accounts, particularly retail accounts: 
1. Improvements to our system "edge" now make it the most successful of its kind. Performance should be enough proof.
2. Developments to our system "platform" allow us now to trade at many more RETAIL brokers than before - the full list of platforms and brokers is now huge and somewhat impossible to exhaust with less than $1 million, but we are a no profit = no fee type business, therefore request you join our priority brokers. 
3.  As we have been accepting only $100k+ Clients since the PAMMs closed many years ago and haven't bothered with marketing - we do have millions under management, but not really that many Clients since we have just grown there funds and own funds to large proportions.   
4.  Even millionaires prefer to "test" a service with $10k instead of $100k - many of our clients started in PAMMs with only a small deposit, recognised our system edge and then approached us with huge amounts.
5.  Many of the retail platforms and brokers perform best with smaller deposits ie. we can make as much on a $20k retail platform account as a $100k account on an institutional platform...
These are enough reason why we are willing to accept a limited number of retail Clients, make them good returns and hopefully they will remain with us for the long term.

With all due respect, most people on this forum are smarter than to fall victim to this

And some are so "smart" that they become blind.

Is any other service provider here able to offer such verified performance statistics and willing to verify with Donna their identity with notary copy ID and show their own accounts amounting to hundreds of thousand in USD and show on myfxbook that they have been managing since 2009 and show in live accounts on their servers that they have $millions now under management?  And throw in a $20k per person ($200k total) guarantee and prove they have the financial means to honour the guarantee ?   No, so please excuse us for taking offense...

One of the reasons why we offer you a a guarantee is because we UNDERSTAND the difficulty in finding professional service providers that deliver

Support?:  We are trying to support the retail trader that does not have access to this kind of system - try see this for what it is and help us improve the financial stats of the retail trader community.  The last cynic we had on a public forum is still searching for the perfect holy grail system, if he had just put aside ?jealousy/ego? for a while and paid attention to the verified performance and engaged constructively instead of attacking - he would have recognised a gem, joined and made substantial returns over the long term, but in the meantime that same cynic (and its now years later) is trading a martingale and encouraging newbies to do the same, while he is soliciting his IB business to them - yes we can verify that too.

We are hear offering an unheard of opportunity and willing to verify with the site owner directly.  If no-one joins, thats okay, we already have millions under management and growing continuously.   We understand the concerns that a majority of service providers come and go like the wind, however thats clearly not our game.

Hopefully some day we'll receive the opportunity to show you what its like to win consistently over the long term. 

In the meantime we will contact Donna to request verification.

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: HFT Group on August 14, 2018, 09:56:33 AM
@ Forex Manager DBA

Please handle questions from members a little more diplomatically. You are here to provide information about your service and answer members questions.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 14, 2018, 12:40:44 PM
@ Forex Manager DBA

Please handle questions from members a little more diplomatically. You are here to provide information about your service and answer members questions.

Hi Jon

Wish they were just questions, but yes understood and will endeavour to do so, apologies.

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: petersurrey on August 16, 2018, 12:49:26 PM
Hi and welcome to DF - a few helpful pointers and please don't take this personally.

Your website looks very dated, not just because you are using 4-year-old historic trading records, but the overall layout, navigation fonts and images - just look at any decent brokers websites for guidance.

It is pointless posting historic trade records however numerous and decent they may be - it just raises suspicions as to why the accounts aren't still trading.

The live myfxbook record you post on DF didn't profit between November and June - very few investors would be that patient!  My guess is you employ a number of 'traders' from the variety of styles used - some using more risky strategies than others - rather than focusing on a set strategy or system which would be easy for investors to understand.

You also need a clear risk strategy communicated to potential investors - ie maximum exposure at any one time. One site already discussed on DF which could help with this is Darwinex ( no connection); which provides  a level playing field for all traders - ie it brings risk down to an acceptable 10% (VAR) based on historic trade records using live accounts.

Good luck!
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 17, 2018, 12:32:52 PM
Hi and welcome to DF - a few helpful pointers and please don't take this personally.

Much appreciated for the welcome. 
Please understand that we have to reply to each of your statements to clarify or others will think all you said is so, or that its unexpected or unusual for our system.

Your website looks very dated, not just because you are using 4-year-old historic trading records, but the overall layout, navigation fonts and images - just look at any decent brokers websites for guidance.

Yes, we are the first to admit and have stated that its dated, however we have no need or care for a website and purposefully stopped updating it years ago and set it to automatically redirect to the myfxbook page (go to www.forexmanager.co.uk and it directs to myfxbook).  However we are making our old site performance page available as its a requirement on this forum to have a website of any kind and it at least shows how long we been around.   We don't want or need a lot more clients, just the few that recognise this opportunity now that we have reduced our minimums from $100k to $10k. Besides our clients will probably just get irritated that we advertising as they know it takes some attention away from their accounts - thats said, we did explain to them that we ALL need to maximise this current opportunity asap :)

It is pointless posting historic trade records however numerous and decent they may be - it just raises suspicions as to why the accounts aren't still trading.

You may think so, but for us its the norm and expected at select venues.  The accounts you see closed all either have zero balance (fully withdrawn and moved elsewhere) or another venue became more suitable and Client chose to relocate, or the account was disabled - disabling means cannot login to trade and therefore cannot update myfxbook again.  To clarify further - our trading makes money and does so in big lumps at times (at a higher frequency now with improvements as of June), and some LPs don't like losing so much so fast, therefore one or two occasionally disable accounts or force the broker to disable to try stop us trading, especially the one broker that have stated closed our PAMMs.

Some brokers will delay execution, change their instrument specifications, double the spread etc, even then we still profit but of course becomes less - therefore we have learnt to approach every broker in different fashion - very few, if any, traders use as many brokers as we do.  A broker like LCG in UK is one of the worst, as profitable accounts get placed on manual execution where you can wait 1 minute for a fill and they will make sure its at a worse price otherwise will reject the order.  ICM is an example of a fairly good broker as they refunded half of the 18 Jul loss on that #405 account.  Most of our trade losses are not because our system got it wrong, its usually because the LP has successfully managed to sabotage - this isn't retail MT4 trading with market execution, we use advanced order types.  It seems not many retail traders fully understand what happens behind the scenes when they place a trade, and how brokers are benefiting from trading without "officially" b-booking, and thats in addition to markup and commission, but thats another topic entirely and lets skip - besides we don't care much whether a broker is A or B book or profit share etc, thats their business, as long as they are well regulated, authentic on order execution (backoffice) and treatment of their clients (frontoffice).

Not saying the system is ideal, but it works and has done for over 10 years that we have traded it and we make a ton like this for our Clients and ourselves.  I can assure you we would not be receiving a continuous flow of accounts and manage millions and hundreds of accs over the last decade without a single negative client comment anywhere online.  We have also never requested a review and not going to get our clients to start posting on here to verify us, as we don't want them involved in a bombardment of skepticism...apologies, thats just how it is.

The live myfxbook record you post on DF didn't profit between November and June - very few investors would be that patient! 

Patience:  Indeed.  We make it clear with all clients that our system requires patience and persistence at some venues, but other venues don't require much patience and with our recent developments the trades are more frequent.  One reason 100k Clients are preferred is that it allows them to join numerous brokers and therefore their likelihood of always having trading action on a regular basis is high.  If it was so challenging our clients would leave, but very very few do.  Anyway, the most valued Clients are the ones that appreciate that its better to practice patience than experience the usual drawdown type strategies with longer holding times.

My guess is you employ a number of 'traders' from the variety of styles used - some using more risky strategies than others - rather than focusing on a set strategy or system which would be easy for investors to understand.

Incorrect guess.  If an experienced trader took the time to analyse the trade history over the years they would realise the system is the same.  There is only ONE system and we OWN the system and for over 10 years we traded it ourselves (have a team to trade and manage and check accs, feeds etc continuously) and have developments and feeds that beat all relevant competition.  Of course we cannot go further into detail because we may trust you, but not the primary source of our income...banks etc.  You would have to be a client to understand - there are no games or whatever.  Imagine how many would be selling our system if its was publicly available and as easy as an MT4 EA to apply...but its not.

You also need a clear risk strategy communicated to potential investors - ie maximum exposure at any one time. One site already discussed on DF which could help with this is Darwinex ( no connection); which provides  a level playing field for all traders - ie it brings risk down to an acceptable 10% (VAR) based on historic trade records using live accounts.

Our trading is not compatible with that broker's trader management platform.  However we have already been trading at that broker for many years and they know us and we have many hundred thousand there on an institutional platform - Donna can view to verify. 

Good luck!

Thank you and best wishes

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 17, 2018, 01:47:39 PM
Dear Forum Members,

Risk? 
- Leverage applied on these small (for us) retail broker accounts is higher than on $40k++ institutional accounts.  Why?  probability of a successful trade is extremely high, even with our highly positive reward to risk ratio system, and experience has taught us to make the most profit asap on a virgin account before providers begin their games. 
- Even then, a significant (-25%?) loss trade is rare, and recovery is usually fast!  No Clients forced to leave with a loss.  Over the long term all our Clients have made good returns.
- The $40k to 100k++ accounts on institutional platforms are traded more conservatively and on those a drawdown (DD) exceeding even 10% would be extremely rare (every few years).
- If you cannot risk at least $10k with our service, don't join. However, up to $20k is guaranteed so at least you may gain first hand experience of our service and trading, before risking your hard earned money. 
- If you sound risk averse, we'll most likely suggest that you halve the deposit and leave the rest in the bank.
- Custom risks cannot be accommodated as we trade too many separate accounts to then also manage who wanted what setting.  Instead, if you wish to lower your risk, then the easiest way to do so is to deposit less or to reduce your exposure in other investments, but the minimum is still $10k. 
- Please don't deposit your whole life savings with us unless it falls within the guarantee phase  :o

How much to deposit? 
- If you are high net worth and just testing ::) us, then don't waste this opportunity with only 10k...we suggest then to do 20k USD or equivalent in other currencies as a minimum at any one broker. 
- However we only trade multiples of $5k or 10k USD or equivalent as follows: $10k, 15k, 20k, 30k, 40k....100k etc USD or equivalent. 
- Therefore if you deposit $22k, its unnecessary as we will just round it up or, in this case, down...rather leave that extra 2k in your bank.
- And if you considering depositing say 10k or 20k EUR its also unnecessary, rather deposit 9k or 18k EUR as thats an appropriate multiple.
- Likewise, if you deposit say 8k USD and we accept, we will trade it as 10k, not negotiable...even a 5k is possible at select venues, but will most likely be traded as 10k.
- Lot sizes are a calculation that involves instrument margin requirement, balance, probability of success (yes determined before trading) and so forth.
- Maximum deposit per broker?  Varies by broker and platform.  There are too many variables to list here, but recommended deposit sizes vary between $10k (our min at retail brokers) to $500k (select institutional brokers).
- Maximum total investment?  1 million per Client can easily be accommodated - this is the approx level at which some of our team members invest.  You would then be well distributed with all the priority brokers.

Diversification?
 - Systems:  If you have a system that you wish to run, you may do so at select venues...in fact it actually supports our own system.  Joining other service providers may also be a way to diversify.
- Brokers:  We've been around a while, some of our team have been affected by broker insolvencies.  Even if performance on one of your accounts is great, please don't deposit more and more - instead consider that it may be wise to spread out the broker risk by distributing funds to other venues over time.

Broker to begin with? 
It makes sense to start with the higher leverage venues first during the guarantee phase, as the risk at the start is mostly ours.  Then later or when substantial profits, move some profits or deposit funds to lower leverage solutions, and over time you should grow and branch out across more venues.

Any other topics we should cover?

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: donnaforex on August 25, 2018, 03:31:53 PM
Results of Verification Request


The Guarantor from Forex Manager Team, the person saying he is responsible for honouring their guarantee, has requested not to be named in a public forum.  I have his contact information and he has provided me with a signed Guarantor Agreement which also authorises me to release his personal details to those affected should he not honour the guarantee, and that the outcome of any disputes between the Guarantor and the Holder (our forum members that join) may be decided by me.

On Friday 24 August 2018 I logged in to his computer via Team Viewer while we spoke on Skype.  He informs me that there are in total four people who are responsible for the Forex Manager service of which he is one. I do not have any information about the other partners or staff. Prior to our meeting he had sent me notarised copies of his electricity bill and passport.  His same address he showed me on a few broker portals. He informs me he has family in different countries and travels often. Although, as you will see, he has the funds to back up what he has been saying, and i do have his mobile numbers in two countries and address in one, i feel that it may be hard to pin him down to a location in the event anything did go wrong and legal communication became necessary.

Personal Accounts

He has a large number of live trading accounts in his personal name across a wide range of brokers which he showed me over the course of more than an hour. We went through his personal accounts one by one and the amount deposited added up to over $1milllion (USD). I was able to see many MT4 acounts showing his name, the broker, the fact it was a live account, and some trade history. All the accounts were in the region of $10k to around $120k on deposit.
He logged in to two of his personal bank accounts (not a trading account) which had an overall balance above the $200k guarantee that he offers. He says he has other bank accounts, which i did not see.

Other Accounts
I saw evidence of around $5million under management. Notable accounts include a 900k+ (GBP) and one $400k+ (USD) account which belong to broker pooled funds that he is responsible for trading on. The rest of the accounts were made up of private clients of varying sizes. There were a lot of accounts and i did not verify each and every one individually but he did log in to many MT4 and cTrader accounts to show me the funds under management and they all appeared in order as per his personal accounts.

Other things i noted during our meeting

I saw emails and documents relating to withdrawals, many for sums of $20k+.
He came across as very genuine and knowledgeable and was able to share with me a little about the trading style and some elements that make his system unique. He kept things very to the point and did not try to give me a hard sell at any time. He shared with me some of the experiences him and his partners had with brokers, including issues that arose in the past when brokers went bankrupt or played games and some of the lengths they have gone to, to recover money.
He logged into myfxbook, where he has two accounts. It was the same myfxbook accounts displayed currently in his signature (this one: https://www.myfxbook.com/members/ForexManagerDBA and this one: https://www.myfxbook.com/members/ubertrading ). These myfxbook accounts show trading dating back to 2009 and a considerable amount of history can be seen there and members can verify a lot for themselves at those links.
He seems to care a lot about the traders he works with and clearly feels some kind of responsibility for them when issues arise outside of his control (brokers going rogue or bankrupt, etc).

Summary
Positive points: He was able to back up his claims about funds under management. He has $1million of his own funds on deposit and is managing at least $5million of other people's funds. He has clearly been trading reasonable sums of money for at least 8 years.
Potential issues: I am not aware of the other three partners or staff involved in Forex Manager and do not have their names or details.


A note from myself
I want to make it clear that I have not been paid either in cash, or in the form of any kind of affiliate arrangement, etc. for looking at these accounts and there are no marketing agreements between us. The time spent working on this has not been renumerated and i have no prior relationships with this seller and neither do i have any funds under their management currently.
If you do decide to trade with Forex Manager, it is at your own risk as always, me seeing and confirming that the funds exist in these accounts and is real money, do not mean that i am endorsing this service or suggesting that people invest with Forex Manager.

update 4th September:  In the interests of transparency i will always declare correctly any relationship that exists. I previously said there was no relationship (and there still is no affiliate relationship). I have become aware that the seller is however directing people to the cashbackforex links on the forum to sign up for cashback on trades that are made by them. If people follow these links, there is a chance you'll be paying a tiny amount to the forum and therefore I may stand to earn something.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on August 28, 2018, 10:29:05 AM
Donna, Thank You for the carrying out the long tiresome  ;D  verification...It really is much appreciated.

DF Community, Vistors & Those interested in joining our service,
All Donna has done is verify that we telling the truth about our financial status and be protective towards the DF forum members.  You rightfully trust her more than us, which is why we gave her authorisation to disclose our personal info should we dishonour the guarantee - another responsibility she accepted with No obvious reward other than the ability to have some power over us if we don't prove to be authentic.

Reminder, No affiliation and No agreement exists between us and Donna or this Forum.  Of course if that changes, then Donna will notify here.  For some that are joining our service, we requested that they open their broker account using the commission DISCOUNT links posted by HFT Group within "Broker Deal & Signups" - this is a bonus for our clients as it decreases the trading costs, therefore more profit for them (and us).  This is only common sense and please don't confuse it with affiliation.

Rebate vs Discount IB, As 'Manager' we have the right to receive the rebate ourselves, but for now we sharing that with you in the form of either a discounted commission rate or refund to your trading account, both these are considered "trading activity" and the perf fee applies.

Trust & Risk into context, Please understand that we are offering a service that is unique to this industry.  In our opinion, we have as much or more to lose, since we are guaranteeing up to $20k of each Client deposit and generating profits of which half is ours and yet client holds our money for up to 6 months in their account without us having access to it - would you allow us to hold your money in our account for 6 months?  Our ID and address is held on this site, we are verified as having sufficient funds and our performance is verified on myfxbook for the last 9 years - there is nothing much more that can be done to make you feel safe.  However, are you a verified investor, what assurances can you provide that you will pay us our fee and what do you lose if you don't pay?  Just something to think about.  We offering the retail community a significant level of security, along with an institutional grade system.  For those repeatedly treating us with disrespect, understand that we may consider your client profile as too high risk for the Guarantee and may propose that Terms reflect the mistrust with which we are being treated ie. revert back to the industry norm that is applied elsewhere and pay profit share monthly and without deposit guarantee.  This is a two way relationship - you trust us to honor our guarantee, and we trust you with our money in your account.  If you don't trust us, please rather wait and see. 

We are very pleased with those that have joined our service and greatly value the faith they have shown.

Thank you
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: 5ninefish on August 29, 2018, 03:21:59 AM
So is anybody interested in checking this system out?
Title: Re: Forex Manager DBA
Post by: Phynicle on August 29, 2018, 06:36:10 AM
I'm.... But not sure how the guarantor will work legally.
And why does all the accounts have such short trading history
Title: Re: Forex Manager DBA
Post by: Guymoore83 on September 02, 2018, 09:45:55 PM
It would be great if any of their clients could post to confirm the legitimacy of what theyíre offering!

I can see a lot of questions from users of this forum and repsonses from FMDB.

Considering this but would be good to hear from anyone out there who has used FMDB before, any feedback is welcome good bad or indifferent.
Title: Re: Forex Manager DBA
Post by: donnaforex on September 02, 2018, 10:29:40 PM
I have had a couple of messages about my verification of this seller. I want to make it clear that i am not recommending that anyone sign up to this service; i have no long term history with this company and cannot vouch for performance or strategy in any way and i do not have a business connection with them in any form. I have only been able to confirm the volume of funds under management and obtain ID docs that i'm allowed to release if anyone who cannot get a refund provides evidence to me (see my post above for full details).
Title: Re: Forex Manager DBA
Post by: Evan79 on September 03, 2018, 01:50:52 AM
Iím with them for years and with couple of accounts at different brokers. I can confirm they always honour their services. Usually we communicate through email due to time zone, and you should receive feedback in couple of hours time.

You may wonder why there are quite a number of short-live accounts, thatís because the brokers forced to close account and withdraw due to profit. No worries, full amount will be proceed, they are trading with good reputation brokers.

Account was opened under your name, and profit withdraw usually once in few months, withdrawal fees sharing is also true. Couple of accounts listed in their myfxbook belongs to me.

Iím only sharing my experience, the choice is always yours.


Sent from my iPhone using Tapatalk
Title: Re: Forex Manager DBA
Post by: donnaforex on September 04, 2018, 11:50:05 PM
Another note from me. In the interests of transparency i will always declare correctly any relationship that exists. I previously said there was no relationship (and there still is no affiliate relationship). I have become aware that the seller is however directing people to the cashbackforex links on the forum to sign up for cashback on trades that are made by them. If people follow these links, there is a chance you'll be paying a tiny amount to the forum and therefore I (and HFTGroup) may stand to earn something.
Title: Re: Forex Manager DBA
Post by: petersurrey on September 14, 2018, 05:48:33 PM
Thanks Donna and DBA for providing such detailed and helpful responses...much appreciated. I have used a service similar to this ( may have been the same one using a service agent?) and was very impressed with the results - ie very low drawdown quick trades no overnight holds ect..50%fee is very acceptable for a 'no worry' system with almost zero DD.

The downside, as already raised, is that you have to be prepared to jump brokers on a  fairly regular basis, as no broker likes to lose on a regular basis, but I didn't experience any who refused to reimburse - the benefit of sticking with regulated brokers!
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 17, 2018, 08:35:49 AM
Thank you Petersurrey

FXM Team vs similar Strategy: 
It is indeed possible that you have been with us via an Agent.  There are also those that trade similar strategies, without the same technology and experience.  In a number of key areas of this strategy we are now the most advanced (as far as we are aware), and if we were able to share the details you would understand why we have little competition.

Agents:  are no longer being accepted and haven't accepted any for quite some time, which is also why our Team is now public. However as an alternative, we are willing to reward IBs for referring Clients our way by using their IB codes for their referrals, so long as the trading conditions are not affected.
Reasons to join us here directly or via our approved IBs:
#1)  Agents may have their own brokers and agendas, whereas we don't have any particular loyalty other than to our Clients and rewarded primarily (usually only) from profit share;
#2)  Lead traders do well enough from their own invested funds to be able to have their Client best interests at heart - therefore we suggest venues that provide a low level of maintenance and a long term rewarding experience.
#3)  Lead traders may not be the most diplomatic, but transparent straight and knowledgeable support is important - here you have access to them and they are often involved in Client email communications.

Brokers: 
There are many that you may never have to move from...4 of the 5 current priority brokers, for suggested deposits of $10k to $100k+ per account, have never complained in years of trading there.
 It's still recommended to diversify across a few broker instead of loading up on one - that's basic risk management and see further below re regulation.  Changing venues is not usually necessary either, unless the Client wishes to relocate to another that may be better performing.  The very few unethical bucketshops (IronFX etc) that are likely to take significant measures against profitable accounts are already known to us and not offered as part of this service and please stay away from them.  However if in the unlikely event that any broker were to not pay profits; they face both legal and public action that could destroy their business, plus of course if you had paid a performance fee for those profits then that amount would be credited back to you. Lead Traders are exactly that...they Lead by example...and are first invested at most/all brokers for quite some time before offering to Clients.  Of course its possible that one of our long term venues changes significantly (in terms of liquidity, platform etc) and could result in the need to move, but that could happen to anyone anywhere and not worth over-analysing.

Regulation: 
Most managers are far too loyal to one or two brokers at the expense of clients' risk management and often their chosen brokers provide No compensation commission or plan!  Most brokers we use are either FCA, MiFID & ASIC, but even then please branch out instead of overly trusting / depositing at one venue.  There is one "lower regulation" venue on our high priority list that has done very well for many months, we have team accounts there, have traded there on numerous platforms over the years. Consider joining there as part (not all) of your portfolio and with the minimum deposit - it should generate good returns - use profits or additional deposits to branch out to the other venues.  Even if you have say $80k total savings that you want to deposit...rather leave half in your bank and invest the other half with the top say 2-3 priority brokers and then gradually expand with profits and additional savings to the next priority brokers and so forth - in this way you are naturally reducing exposure to any one venue or regulatory body.

Deposit Guarantee Example & Info  (limited first come first serve)  has been included on page 1 reply #4:
https://donnaforex.com/index.php?topic=20305.msg379347#msg379347

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: donbon2 on September 17, 2018, 12:38:34 PM
honestly the whole thing seems really weird to me in so many of the things you said

travels alot
multiple addresses
shows you bank account over team viewer
already has certified documents without asking

really really unsettling.
Title: Re: Forex Manager DBA
Post by: donnaforex on September 17, 2018, 12:59:00 PM
I'm not defending the seller here, if you smell a rat then by all means stay well away, that's what i'd advise, definitely don't get involved - no matter what level of verification there's always a risk, if they trade badly or emotionally place a huge bad trade you are done for, but that's the same anywhere. And they are not taking client money directly, you place it with a broker account like any other service here (i don't list services that take client money directly).

I do want to point out that it is very common for people who have money and a business/investments that allow them to, to travel and have multiple addresses in different countries. Probably half of the people i meet in fx who are successful live exactly this kind of lifestyle. I know of one person (nothing to do with this seller) who has 5 homes in places around the world and is not tax resident in any one location, they simply travel between them every couple of months (hence no tax bill, and enjoying a nice lifestyle following the sun around the globe). Personally, i don't consider myself wealthy by any definition of the word yet i travel a lot... just because i can, there's nothing tying me down, i even homeschool my daughter on and off so that i can do it. On the subject of this seller, yes i agree it is a problem as i mentioned in previous posts - if something goes wrong then dealing with someone who is in multiple locations is tricky, but travelling a lot in itself isn't at all weird.

re. showing a bank account over teamviewer, i watched him go to the bank website and login on teamviewer. It was a well known bank. I can think of ways that this could be faked, of course i was watching his computer and he was in control of it (a stronger way to verify it would have been to have him connect to my computer over teamviewer and then log into his bank account on my computer so i knew nothing was going on in the background - but i'd never ask this, for obvious reasons, would you like to log into my computer and share your bank login details with me, even if you know me pretty well, and especially if your account had a lot of cash in it?).

re. certified docs, it's not uncommon to have recent certified docs, i have some myself? They are used for so many things, business, legal docs (like buying/selling property, contracts, etc).
Title: Re: Forex Manager DBA
Post by: donbon2 on September 17, 2018, 01:14:46 PM
I think you missed my point just a little

he is not obviously the trader - as no-one who trades any decent money and manages clients money - travels and leaves the positions open .. plus when you manage money properly your register in the US and have offering documents that have been checked over... via NFA

anyway enough from me dont want to put anyone off who thinks its legit - just wanted to add my 2 cents on what has been presented so far.
Title: Re: Forex Manager DBA
Post by: HFT Group on September 17, 2018, 01:26:50 PM
I would like to state that I have spent considerable time communicating with FXM DBA both by email and over Skype via messaging and voice calls. Documentation and information has also been provided to me. There is nothing I have heard or seen that raises any concerns regarding the legitimacy of what has been stated by them in this thread. I have also been in communication with brokers who FXM DBA have traded with and nothing I have heard has raised any concerns re. the relationship or trading style.

As with anything concerning Forex.....perform your due diligence and make informed decisions.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 18, 2018, 10:55:28 AM
Hi Donbon2

Your opinion and why you may have such concerns is understood, but its primarily applicable to retail trading teams or systems -  the truth is that we are far from the norm.  Outsidebox nailed it when he said, "so much words"...thats exactly why we usually don't bother with marketing and get the job done with our own funds ie.  When clients are "testing" us depositing 10s of thousand at brokers, we adding our own in the 100s of thousand.  When technical traders are staring at multiple screens all day looking for opportunities, we planning and setting up our trades days or even weeks ahead of time, and doing so only with one screen or laptop, but with access to multiple dedicated servers.
 Many times in the past, our small team had more invested than all clients combined.  When conditions are good at a broker that feels the need to disable and play games, and in order to maximise an occasional opportunity, we have had up to 30 accounts (approx $1mill) at one venue within a month or two and thats just between two lead traders and can assure you we made heaps...sometimes its easier to just do than to convince others to follow our lead.

Steps to follow: As you can see this trading style and how we operate is different (in good ways too)...we don't try hide that fact and our clients are already aware of it.  However its doesn't have to be complicated for the investor if they just follow our instructions...what does make it complicated is trying to explain WHY we take each step the way we do, or when clients believe their past trading experiences or broker public opinions are relevant to our service.  There needs to be some trust or best not join as we don't have time to teach and it may become too much work for us.   We have retired clients that have seemingly no IT or 'trading' literacy...its as complicated as clients choose.

Why we keep trading? why have clients?  why public?  because it would be selfish to stop trading for friends, family, staff, associates and those that rely on us, especially when in our experience, not much else is as consistent at making funds grow.  When the next opportunity arrives, instead of us having to deposit $1mill to maximise one venue, maybe some of the retail clients will appreciate just opening one account each and hopefully we can reward them with profits and ourselves with profit share (similar end result and we all benefit). Some other reasons have been mentioned already on this forum.

Addresses:   Donna's reply is a good enough match. 

Risk & Travel:  We work long hours, always on call, and have intermittent sleep patterns and a break every now & then helps prevent burnout.  Weekend flights do exist, we can work from any reasonable internet connection, but if it so happens that all traders are offline, then no trading occurs...hold and hope type trading is not applicable here.  Support staff are continually checking through accounts a few times a day, even when there is no trading, and they check again after each trade.

Open positions:  No one should see open positions...if you do, blink a couple times and check again, and in the unlikely event that the position is still there, then call us on skype and send us a quick email, and if we don't answer within a few minutes, then you may close the positions if you wish.  Therefore Clients are to reserve the use of Skype for trading desk type emergencies or we may be forced to turn off in order to get some rest.  Email is suitable for admin.  Most of our clients have been with us years and yet to witness an open position.

Bank:  yes sure, Donna may have the Guarantor's bank login and we can repeat the verification if you wish...its not that much risk as every move requires authorising.  Based on many years monitoring this forum, we trust Donna enough to also loan her $ (without trade loss risk) to get her started with our trading.  All these, including the Guarantee, are small risks compared to our own big picture exposure.

Certified docs:  As Donna stated, and;  Brokers also ask questions when they see our level of activity and some even want regular updated documents.  Its easier to provide before they ask for it than be inconvenienced later.  Its unlikely that anyone here has even 10% of our number of accounts in their own name over the last few years...we test ahead of Clients and make the most of each opportunity and have the financial means to do so.

License, manage properly etc:  When we first began maybe this would have had some appeal, but we no longer have tolerance for such bureaucracy or due diligence or partnerships.  Establishing relationships with forex institutions has not always been beneficial to us or clients and one example has been provided in our first post.  Our system is more effectively shared as we doing now.  There is also less risk to us when trading for retail than for institutional - consider when a million $ client joins we have to accept greater payment defaulting risk, vs 25 retail clients having the same total in deposits and yet are being invoiced separately and at different times of the year.  Which is partly why we do not discriminate between retail and institutional.

As you can see, by sharing more it may have raised more and more questions, and we have already provided more info than we should within a public space.

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: petersurrey on September 18, 2018, 02:15:27 PM
Hi FM DBA  - regarding the simpletrader link...I note some of these transactions are very quick  - how do live results compare?
Title: Re: Forex Manager DBA
Post by: petersurrey on September 18, 2018, 02:40:04 PM
Hi again FM DBA - I am intrigued by your trading algo....is this unique to your service only?...so effectively the investors accounts will be traded by a bot with minimal time risk exposure around periods of high volatility?
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 20, 2018, 09:08:22 AM
Hi Petersurrey,

Algo & Ownership:  Yes the "algo" and all the supporting components are owned by us and are unique to our service.  In theory we no longer require any service providers, however we still subscribe to the various top providers for redundancy and to be able to compare our system components to whats out there - this is how we know that we lead the field for this style of trading.   However its Not a fully automated algo - its manual supervised trading with many processes being automated.

Minimal Risk:  The drawdown (DD) is low yes, but that's because we have a legal system edge that has no comparison and been honing our approach to the market and our technology for over a decade.  The risk calculation varies by so many factors - can even vary at same broker & platform if we perceive the account to have a different backend setting.  It would require us filling many pages on this thread to explain, and of course its our intellectual property, which is as valuable as the system components.  We don't trade with 'minimal risk' unless we purposefully treading water by testing & observing - instead, we usually trying to maximise opportunities in a controlled manner...its just that each venue requires a different approach in order to try ensure that its sustainable.  And if we believe a venue to Not be sustainable...then there is another whole risk calculation and approach.

Risk and examples on how Clients may manage it, is on Page 1 Reply #14: https://donnaforex.com/index.php?topic=20305.msg379547#msg379547

MT4 Signal Copier  vs  Direct Private Client: 
Metaquotes only provides platforms (MT4/5) with market execution - these are designed to provide opportunities for other parties to make money from the trader, and the MT4 shortfalls are more apparent with a strategy such as ours that has short holding times and targets volatility.  As copiers are MT4 based, and we prefer to use more advanced order types, a signal could result in slippage and missed trades for the copier.  We don't try copy our own trading, instead we have the resources and technology to trade any number of separate accounts with a single click...no mam / pamm / copier / master acc etc.  We have considered offering an MT4 solution, but decided its not worth the hassle (apart from maybe at 1-3 venues). We can make money trading on MT4, but then the system becomes more broker dependent, risk becomes higher and trade frequency will be less as we would have to wait for higher probability setups in order to overcome the MT4 execution limitations.  Therefore best to become a Private Client, follow our procedures and our preferred venues and platforms, in order to have us apply trading directly onto your account.

Thanks

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: broncoman on September 21, 2018, 11:54:20 AM
Congratulations Manager DBA on bringing this "high return" service "out to the masses" as it were with your lowered entry limit of $10k. 

I looked through a few of the histories on myfxbook and was wondering why the same trades are not recorded against every account?  and different symbol pairs traded on each account etc?  Do you have a different trading plan for each investor?  You mentioned API's technology is now in place to better manage multiple accounts (which would otherwise be a *hugely* time consuming process). 

Do you have a "hard" rule that no withdrawals are allowed in first 6 months?  or is there a minimum investment amount required, whereby say monthly or quarterly withdrawals are ok?
Title: Re: Forex Manager DBA
Post by: HFT Group on September 21, 2018, 02:34:49 PM
Had the first 2 trades on my account today.
Title: Re: Forex Manager DBA
Post by: alaali on September 21, 2018, 03:33:20 PM
I got two trades as well on my account.
Title: Re: Forex Manager DBA
Post by: Humble Trader's Fx on September 21, 2018, 03:58:57 PM
I got two trades as well on my account.

Allai, could you post your myfxbook signature widget, along with HFT's so we can keep track of your progress.

Many thanks.

Regards,
HumbleTrader
Title: Re: Forex Manager DBA
Post by: Phynicle on September 22, 2018, 03:22:27 AM
No trades on mine, even though it's on ic markets as well.
Title: Re: Forex Manager DBA
Post by: alaali on September 22, 2018, 07:18:44 AM
I added it to my signature.

I got two trades as well on my account.

Allai, could you post your myfxbook signature widget, along with HFT's so we can keep track of your progress.

Many thanks.

Regards,
HumbleTrader
Title: Re: Forex Manager DBA
Post by: Humble Trader's Fx on September 22, 2018, 12:42:46 PM
I added it to my signature.

I got two trades as well on my account.

Allai, could you post your myfxbook signature widget, along with HFT's so we can keep track of your progress.

Many thanks.

Regards,
HumbleTrader

Looks like a good start; thanks Alaali and best of luck!  :)

Regards,
HumbleTrader
Title: Re: Forex Manager DBA
Post by: Humble Trader's Fx on September 22, 2018, 04:18:18 PM
I added it to my signature.

I got two trades as well on my account.

Allai, could you post your myfxbook signature widget, along with HFT's so we can keep track of your progress.

Many thanks.

Regards,
HumbleTrader

Looks like a good start; thanks Alaali and best of luck!  :)

Regards,
HumbleTrader

Aaaili or HTF, what is the method by which you have invested the 10k, I suppose you are using their signal service at 200$/mon (SimpleTrader- cTrader ) and not direct investment. The other query I have which perhaps ForexManager can explain is this issue of multiple broker changes:
For instance, a number of us are US or Canada based with broker and leverage restrictions, how does that work or is this not an issue?

Regards,
HumbleTrader

Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 22, 2018, 09:51:49 PM
@Phynicle,
Apologies your account is one of the most recent and not yet fully "Live" on our end...its been allocated a code, tracking link and guarantee, but the process of adding your account to our UI and the upcoming trades, is not yet complete...should be done Monday.


@Broncoman, hopefully these answer your questions:

Different trades or plans or symbols: The system is the same for all accounts. Randomness in execution, results in variability in performance metrics. In more detail: As trading is applied direct and due to the nature of markets there will always be differences in execution between accounts, even at same broker, and includes a difference in which pairs are filled by the broker LP.  Of course differences are much less between accounts at the same broker.  However there is no intentional difference in trading plans between investors and we pay no attention to names/owners of accounts, all we see is numbers and codes.  For over 10 years now we have traded multiple accounts using our UI and APIs, therefore its an old feature.

Investment Term:   below are some guidelines, but please understand that we only interested in long term investors - we have already expressed our own commitment by invoicing 1-3 times a year, along with a 6 months deposit guarantee.

Withdrawals within the Guarantee Phase:
> Minimum investment term that applies to the Deposit Guarantee is 6 months.  If a client leaves our service or prevents us trading their accounts during this phase, including sabotaging our chances to recover a loss by withdrawing greater than 20% of account equity - then we would consider these actions as a breach of the Terms and we will not be liable for any losses.
> Regularly withdrawing new profits of less than 20% should be fine, as technically your balance changes are minor and requires little to no change on our end.
> If there has been no loss, then we are flexible and you could withdraw all.

Withdrawals & Deposits in General:
> Up to 20% account deposit or withdrawal may be carried out without notifying us as we unlikely to apply changes to position sizing.
> Larger deposits or withdrawals are fine, but please ensure the minimum balance is maintained for that venue.
> Significant balance changes require a fair amount of time for us to amend your position sizing, therefore please be considerate when withdrawing and depositing and notify us accordingly.

Thanks
---
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 22, 2018, 11:05:43 PM
Hi HumbleTrader

Those you questioned are private clients with trading applied directly, not a signal.

ST Signal: Please see earlier replies that explain the MT4 limitations - only Demo is recommended, and since Demo isn't financially rewarding to them, we refund those that subscribe, all including the ST portion of the fee, so we lose money by offering signals.  If many subscribe then we may raise the fee.

US & Canada:  Very few clients are from here and of course its more challenging to cater to them.  There is currently only two small ($10k+) deposit venues, one with a "trusted" broker and the other being low regulation status.  The rest are sound brokers but for much larger deposits.  One well known retail broker requires a $100k initial deposit to qualify - you may reduce the balance to $20k before we trade.  US Institutional brokers for high net worth investors offer up to 5 different platforms on which we are integrated to trade, all at one venue - some brokers only accepts institutions and not even our Lead traders qualify - therefore a perf fee discount is available.
Those from the US, please contact us in private to discuss solutions.

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: nc! on September 25, 2018, 11:33:03 AM
"Therefore best to become a Private Client, follow our procedures and our preferred venues and platforms, in order to have us apply trading directly onto your account.

Thanks

--
Forex Manager Team"

Trading applied  direct to account which platform is it MT4 or other? Can you describe platform? Broker? Is this a service that includes your platform? Global Prime is my broker could it work there also or I need to change broker?

Can you elaborate?

Thanks nc!
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 25, 2018, 09:41:25 PM
Hi nc!

We can trade a large number of platforms (the full list is private) and it varies by broker.  For large Investors that wish to maximize, we will reveal an appropriate list of brokers, platforms, min & max deposits and other recommendations.  For the few brokers that we may not already be trading at, we can integrate our system with them, just so long as they offer suitable API trading conditions.

Mix our trading with your signals or private trader:  At your broker, GP, and a dozen others like it, we have for many years traded a fairly unique setup that combines an institutional platform & MT4, and may allow you to trade your own systems alongside ours, with minimal risk of conflict.  Best of both - fellow traders may collaborate with us and share trading on same account.  However this setup requires a larger minimum deposit, $20k to $50k+ depending on broker, along with other considerations - please would you send us an email to discuss further.

Thanks
---
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on September 28, 2018, 06:46:42 PM
ICMarkets at capacity:
No more small accounts being accepted there in the near future.
New ICM accs will Only be considered for long term large Clients that are already well diversified across most of our other retail and institutional brokers, and have an additional $50k-100k lying around to allocate to ICM.
The reason for this is to manage resources and liquidity for existing account holders ie. we have 5x more accounts at ICM than any other broker and it just doesn't make sense to flood one venue.

Brokers for small deposits: at least 4 brokers on our priority list accept $10k deposits.  Many other brokers range in minimums from $20k to $100k.

Leverage & Deposit Size: Minimum deposit requirement now varies by the account leverage as follows:
100:1 = $10k minimum and the same applies for accounts with greater leverage.
50:1   = $20k minimum USD or equivalent.
30:1   = $30k minimum USD or equivalent. Applies to non-professional (non-EPC) accounts at EU brokers.

Apologies if any inconvenience caused.

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: HFT Group on October 03, 2018, 09:28:53 AM
Three nice trades today. How did others go?
Title: Re: Forex Manager DBA
Post by: Phynicle on October 03, 2018, 10:21:19 AM
Just the 1 trade for me, +8%
Title: Re: Forex Manager DBA
Post by: alaali on October 03, 2018, 10:51:48 AM
One trade only, +5.2%.
Title: Re: Forex Manager DBA
Post by: ahal on October 03, 2018, 10:57:55 AM
For the ones who got only 1 trade, which brokers are you using? ICMarkets got 3 trades.
Title: Re: Forex Manager DBA
Post by: FLechdrop on October 03, 2018, 12:42:26 PM
Indeed, I would be interested to know what other brokers work well, as IC Markets has been declared to be at full capacity.
Title: Re: Forex Manager DBA
Post by: alaali on October 03, 2018, 02:11:13 PM
I am on IC Markets. Please check the link to myfxbook in my signature.
Title: Re: Forex Manager DBA
Post by: F1Maniac on October 03, 2018, 10:08:30 PM
Indeed, I would be interested to know what other brokers work well, as IC Markets has been declared to be at full capacity.
+1 to that

Sent from my SM-G950F using Tapatalk

Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on October 03, 2018, 10:33:33 PM
--- NB Guarantee Update + Performance Example ---

Guarantee at Capacity:
Our current $400k limit of exposure has been reached or very near, and we have now stopped offering Deposit Guarantees in order to accommodate all those that have already sent us their signed Terms.  Originally $200k was made available from one lead trader and later a second lead trader matched that offer to make it $400k total guarantee limit.  If all goes well with current Holders of the Guarantee, then from early next year we should be able to make some places available again.  No existing Clients will be given an extension as its only fair to share that security with others.

Featured Broker: "Pep" - Home Run:  (and an alternative to ICM)
A screenshot from our "Trading Station" displays the results from ONE popular small deposit ($10k+) broker, "Pepper / Pep".  As you can see from the attached image text...green = USD profit...many accounts made money, some made a great deal !!  There will always be differences in results.  Accounts at same broker even miss trades at times, however some of those "Pep codes" had no result as they weren't yet allocated to a suitable account etc, so not all those blanks missed the trade.  Even though losing trades do happen from time to time, the average winners are far larger and more frequent than the average losses - usually its only a degree of profits...and the degree of profit at "Pep" earlier today ranged from 0% to +109%...  Maybe you didn't hit a home-run this time, but isn't it worth hanging around knowing that the system edge is very much in your favour and that its only a matter of patience and persistence in order to be rewarded ?   We hope that our existing Clients develop the confidence to feel this same way.

Why the Different trades? or symbols?
Reply #41:  https://donnaforex.com/index.php?topic=20305.msg380479#msg380479

Risk and examples how Clients may manage it?
Reply #14:  https://donnaforex.com/index.php?topic=20305.msg379547#msg379547

Apologies for the guarantee reaching capacity.
Apologies to those that may have had less profits than others. 
Apologies if some of our priority brokers don't accept applicants from your home country.

CONGRATS to those that experienced their first forex home-run !
 
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: ahtiong on October 04, 2018, 01:37:09 AM
Hi forex DBA, I have pm u but u have not replied me. Thanks

I can join any broker and deposit 10k usd equivalent so any base currency were do like sgd? Thanks
Title: Re: Forex Manager DBA
Post by: Richard DFx on October 05, 2018, 03:04:50 AM
Three nice trades today. How did others go?

+6% for my account
Title: Re: Forex Manager DBA
Post by: F1Maniac on October 09, 2018, 11:04:21 AM
Three nice trades today. How did others go?

+6% for my account
are you able to put a link to myfxbook please?
Title: Re: Forex Manager DBA
Post by: ahtiong on October 10, 2018, 05:30:10 PM
Hi forex DBA, I have pm u but u have not replied me. Thanks

I can join any broker and deposit 10k usd equivalent so any base currency were do like sgd? Thanks

The team did reply to my emails and messages and I am joined them :)
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on October 20, 2018, 10:09:27 PM
---Broker FAQ---

Brokers  &  Intellectual Property:

Many contact us with opinions on brokers, spreads, commission, execution, past experiences, ECN, DMA...etc...great, it helps us to create a client profile, but a vast majority of this has little to no relevance to our service.  Self imposed limitations (currencies, regulators, brokers) only sabotage our ability to make you $ over the long term. 

Which brokers do you offer?   You may approach us with your preferred brokers or ask us for a few examples based on an initial sum and investor profile, but whether you have $1+ mill to deposit or $10k, the procedure is fairly similar  -  maximise venues in our order of priority, one at a time; open, fund and repeat. Then if an investor really does get to $1+ mill they could eventually have a broker portfolio similar to each of our Lead traders. 

Why don't we release a complete list of brokers?  Our knowledge of brokers is our intellectual property and many institutions or "fund managers" that have come our way asking for us to trade for them and requesting lists and examples have mostly wasted our time as they expect us to conform to their procedures and expectations, instead of them adapting to ours.  We don't approach them, some come to us with big talk little action, and it could be argued that by not following through with their promises they have stolen our intellectual property.  Therefore please understand our reasoning for asking Clients to take it one step at a time...even with $1+ mill, so long as you flexible, have realistic performance expectations and willing to make the effort, its unlikely that you will fill all venues, not even we can,, and over the long term the profits should add up.

Our initial Questions to all Clients are:   Country of residence?   Initial and or total planned deposit size that you may be willing to allocate to our service?  We then suggest what we would do with our own funds, and each broker that you decline joining might take you one step lower in performance - please don't discard brokers lightly as we go to great lengths before including them.  It is in your interest to allow us to direct and strategically position you to make the most of our service.

Testing Us...:  Even though we understand the need to test, its really not necessary, but IF you approach with a test amount, best to inform us of the longer term picture or you could be compromising your own opportunities.  For example if you tell us you testing with $x and plan to expand to $xxx over say 6 months, then we also take into consideration your longer term goals.

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on October 20, 2018, 10:22:11 PM
Dear DF Members and Clients

Herewith please find 2 featured brokers and their recent trade profit result in USD from our "Trade Station" as well as other sources.

Featured broker:  "Axio" - Print Money  (not for EU or US residents, but most others may join)

Ever seen a forex trading system print money...it sure seems like our accounts at this broker are doing just that.  20-50% average per month over the last few months with zero % DD (drawdown) on some accounts.  A DD of up to -11% was due to a rare losing trade in July that briefly affected one account (included attached).  Sure, the zero % DD is probably not accurate as every trade carries risk and even the spread may have gone against us by a few pips, but we have been able to pinpoint entry with incredible accuracy time and time again - its not luck or the usual hold-&-hope...these trades even have a positive reward to risk ratio.  Results like these can be expected when our system is teamed with a great liquidity source.  Who knows if/when conditions may change - such opportunities don't come by on a regular basis...Please lets maximise this venue NOW.

> Performance examples:  See "Axio" codes for the USD value of profit per account on 17th and 19th Oct.  Along with an example statement.

> Regulation:  for "Axio" is within a lower status jurisdiction but has ties to numerous EU regulated entities that have been offering brokerage services for the last 11 years. We began trading at this broker on an institutional platform dating back to when they were still EU based.  Basic risk management says to deposit less than a third of your trading capital at one such venue...deposits from $9k to $100k are fine and keep the rest in your bank or other regulated entities.  FXM Lead Traders have well over $100k in capital at this venue. Probability says you are risk free in 2-4 months.


Featured broker:  "Fxm" - Long Haul (most may join)

"Fxm" we have traded here since 2007 and in 2009 we moved our clients from another broker into "Fxm" and managed there on a fairly large scale (millions if you include both private and PAMMs). They well known and well regulated in some jurisdictions.  Generating profits here provides more satisfaction to us than anywhere else.
This venue doesn't receive as many trades, but as per the screenshot (see "fxm" codes for trade on 17th) - the wait can be worthwhile.  It is ranked within our Top say 4-6 brokers that accept smaller ($10k+) deposits.  BUT don't be fooled by that low minimum...FXM Lead Traders have been known to deposit up to $500k into EACH account.


Priorities:  (Trade to win!)
"Axio" is our #1 priority - performs with the consistency of a money printing machine (little patience required).
"Pep" is our #2 priority - it's loaded and waiting for another forex home run, while collecting the smaller change in the meantime (see the trade example in our previous post).
"Fxm" - rewarding patience and persistence as we have proven on hundreds of these accounts over the last decade...

Please consider joining us at these featured brokers - "Axio" being the #1 priority at this time for a portion of trading capital.

Thanks
--
Forex Manager Team 
Title: Re: Forex Manager DBA
Post by: alaali on October 24, 2018, 09:13:30 AM
Got a trade today. 8.1% up from this one trade.
Title: Re: Forex Manager DBA
Post by: HFT Group on October 24, 2018, 10:15:59 AM
Got a trade today. 8.1% up from this one trade.

Nice :) I got 7.2 pips for 1.69% gain on that trade. Same broker so results can be random.
Title: Re: Forex Manager DBA
Post by: Phynicle on October 24, 2018, 11:37:18 AM
mines +0.69% on ICM but i had a +37% last week when no one else had a trade, so very different even with the same broker
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on November 28, 2018, 04:24:42 PM
"Pep"  at Capacity:
No more accounts accepted at "Pep" broker in the near future, but existing added accs will continue unaffected.
The reason for this change:  "Pep" order execution policy is better suited to Market Makers than Traders and they have been unwilling to correct this in order to provide their clients with a true ECN trading environment on our preferred Institutonal grade platform.  If they change their procedures then we may accept once again.

Alternative Brokers: There are a number of suitable $9k+ brokers, many of which offer better (than Pep AU) Regulation security in the form of compensation schemes ($20-60k).

Apologies for any inconvenience caused.

Been an unusually quiet trading month for us - hopefully better opportunities present themselves soon.  Thank you for your patience.

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: kolanta on November 30, 2018, 09:54:08 AM
A lot of these trades are on exotic pairs . Like EURNOK a few weeks ago or EURPLN today . IC mkt has spreads of 5 to 12 pips on a lot of them and so the trades would not be taken ( which is a good thing ) .

You would need a broker with even better spreads than IC . Any suggestions ?
Title: Re: Forex Manager DBA
Post by: petersurrey on November 30, 2018, 11:29:42 AM
A lot of these trades are on exotic pairs . Like EURNOK a few weeks ago or EURPLN today . IC mkt has spreads of 5 to 12 pips on a lot of them and so the trades would not be taken ( which is a good thing ) .

You would need a broker with even better spreads than IC . Any suggestions ?

Spread is a very misleading indicator for trading with almost all brokers offering less than a pip and one even fixing at 0.5 for majors - execution is far more important  - you want in and out in a few milliseconds and for this IC, Pep etc are hard to beat...
Title: Re: Forex Manager DBA
Post by: FLechdrop on November 30, 2018, 12:03:38 PM
Thanks for keeping us up to date. I will be interested in joining once I can free up sufficient funds.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on November 30, 2018, 06:17:11 PM
Hi Kolanta   (I've been to Ko Lanta a couple times)

As Pettersurrey stated, spread is not the primary consideration, especially with our strategy.

Attached is my account on an institutional platform at a FCA UK regulated broker, both of which have not been named here.  Note the symbols for today - the CAD and PLN were different opportunities.  We trade all FX and many CFDs, Commodities, Futures etc.

There are our "priority" brokers for those that have less than say $500k-$1mill to allocate, but its very difficult to choose the one "best" broker for an only account.  Our long term Clients and Lead traders spread as wide as their finances allow in order to capture the "average".

Reminder - if you have a trusted EA or Signal or Manual trading that you run on a minimum $20k-30k account, then you could be applying our trading on that same account at select brokers - No need to separate. We will only invoice for our profits, which are easy to distinguish from other systems.  Leverage available for such accounts is up to 200:1 and free hosting of your account in NY4 or LD4 should you wish to save on VPS costs.  Typically we only offer such services to those with a substantial amount to allocate, because the priority would be to first maximise all the smaller deposit $9k+ "Higher Leverage" venues/platforms, before opening these $20k-$50k+ solutions that can accommodate other systems.  However if its a matter of choosing another system over ours, then say so and we will endeavour to accommodate both.

Thanks and have a great weekend
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: laracroft on December 06, 2018, 01:19:44 PM
I have opened a Ctrader account with pepperstone for about two months, solely for the management of ForexManager DBA.
Although pepperstone support says that FIX APIs are enabled, the Forex Manager DBA tells me that the FIX APIs are not actually active on my account.
Is this happening to others?

I saw that on the ICMarkets account of HFT Group there was a trade on 3-12-2018 while on its Pepperstone account there is still no trade
Title: Re: Forex Manager DBA
Post by: petersurrey on December 06, 2018, 04:53:30 PM
I have opened a Ctrader account with pepperstone for about two months, solely for the management of ForexManager DBA.
Although pepperstone support says that FIX APIs are enabled, the Forex Manager DBA tells me that the FIX APIs are not actually active on my account.
Is this happening to others?

I saw that on the ICMarkets account of HFT Group there was a trade on 3-12-2018 while on its Pepperstone account there is still no trade

YOu need to go with whatever FXM is telling you and if they say it isn't enabled speak to your personal account manager @ Pep to chase and confirm - because many at Pep aren't familiar with CTrader they get easily confused. Also, not all trades are replicated across all platforms.
Title: Re: Forex Manager DBA
Post by: Ruairi OPleurisy on December 06, 2018, 08:52:16 PM
I had a rather frustrating experience - after all the hastle of getting a new Pep UK account funded and eventually getting FIX API enabled, Forex Manager account link emailed and less than an hour later, notification that they had had a meeting and decided not to take on any more Pep accounts due to poor conditions (related note in thread above).  You might be wasting your time sticking with them and best to look elsewhere for another broker.  I'll be reopening soon at a different location.  Better luck next time!
Title: Re: Forex Manager DBA
Post by: HFT Group on December 06, 2018, 09:15:12 PM
I have opened a Ctrader account with pepperstone for about two months, solely for the management of ForexManager DBA.
Although pepperstone support says that FIX APIs are enabled, the Forex Manager DBA tells me that the FIX APIs are not actually active on my account.
Is this happening to others?

I saw that on the ICMarkets account of HFT Group there was a trade on 3-12-2018 while on its Pepperstone account there is still no trade

I also have a Pepperstone AU account funded on November 1. Pepperstone support confirmed that Fix API was enabled on my account and Forex Manager have not said otherwise. No trades at all for me either.
Title: Re: Forex Manager DBA
Post by: ahtiong on December 07, 2018, 11:39:15 AM
It happen on my pepperstone account too. I have a slight loss and was not traded for 1 month plus already and seeing other brokers having winning except pepperstone.

I was told pepperstone was not connected to fix api too. Pepperstone do not suit FXM? Do we need to switch other broker?
Title: Re: Forex Manager DBA
Post by: Phynicle on December 09, 2018, 07:26:07 AM
Sorry post removed
Title: Re: Forex Manager DBA
Post by: HFT Group on December 09, 2018, 11:13:38 AM
It happen on my pepperstone account too. I have a slight loss and was not traded for 1 month plus already and seeing other brokers having winning except pepperstone.

I was told pepperstone was not connected to fix api too. Pepperstone do not suit FXM? Do we need to switch other broker?

FXM sent out an email to clients with their recommended action. Following their advice is the way to go.
Title: Re: Forex Manager DBA
Post by: Nasdaq100 on December 10, 2018, 09:42:24 AM
what is the typical stoploss on this?

It seems an interesting extremely high risk: high reward system based on targeting very small pips during volatile hours. While using very high lot size per trade.

The myfxbook pip count on USDTRY is inaccurate. As a 100 pips gain on that pair simply translates into/equavalant to 3 to 4 pips gain on EurUsd for example.

A 10% gain in one single trade that lasts an avarage of 1 minute style of trading can also result in 100% loss in a few minutes quite litterally.

Nevertheless, a lengthy track record cant hold much value for evaluation purposes with this kind of strategy. Since the track record can include only a few dozen of trades per year and the trades are extremely short term.

With all of that being said I still think its an interesting and extremely simple approach to trading that does not require many years of trading experience. Its simply based on trading during the most high volatile market situations including exotic pairs which are offered on low pip spread. While not trading much to keep building that track record and make it as lengthy as possible to attract more investors.

In my opinion, I am still interested. And willing to invest. Simply because a margin call means nothing if you can first withdraw you investment capital as soon as you hit the 100% gain.

I think the best and most fair way to run this business is to not charge any profit share untill the capital is fully recovered. And keep the strategy exclusively on high risk regardless of the size of the account. The sooner you can recover and withdraw your capital the better. Then its upto the investor how often he wants to withdraw the profits. Either let it compound or withdraw as often as every 2 months.

Just make sure you have additional capital to reinvest incase the blow up comes sooner.
Title: Re: Forex Manager DBA
Post by: fxagua on December 10, 2018, 03:38:35 PM
I also saw so many of its brokers stop halfway. They say fxcm is good but you look at their track record, fxcm mostly never continue more than two years. At one point, brokers will ask client to leave?

No stopless, so one day possible hit mc? If is holy grail, why they never trade for banks or be hedge fund trader?

Would broker ban withdrawing profits? And they still can make money out of client performance fee.

Sorry many doubts and question. Hope u can answer.
Title: Re: Forex Manager DBA
Post by: FLechdrop on December 10, 2018, 03:54:25 PM
I would hope if there were any clients whose accounts blew up, they would speak out here (or have already done so).
Title: Re: Forex Manager DBA
Post by: Nasdaq100 on December 10, 2018, 06:46:16 PM
I would hope if there were any clients whose accounts blew up, they would speak out here (or have already done so).

But why would you complain if you have already made lets say 1000% on your initial investment?

I am not saying its a bad system, all what I am suggesting is not to charge any profit share or any fees at all until the investment capital is fully recovered. Thats the only way to make it fair, and they have most highly likely blown up all accounts before. So they should know more than anyone else what I am talking about.
Title: Re: Forex Manager DBA
Post by: FLechdrop on December 10, 2018, 07:19:54 PM
What exactly do you mean by "all accounts before"? All accounts before what?
Title: Re: Forex Manager DBA
Post by: Nasdaq100 on December 10, 2018, 07:33:24 PM
What exactly do you mean by "all accounts before"? All accounts before what?

before showing up on this forum, sorry for the confusion
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on December 10, 2018, 10:33:48 PM
Megabot Team

A great deal of incorrect assumptions has been made in your posts. 

If you took the time to read first 4 pages of this thread, all your statements have already been addressed.   Not once have you asked us for clarification of system, which we could have supplied in private or referred to existing posts that have covered these topics.  Instead only communication from you was how to become an Agent and informing us of your fee requirements instead of conforming to ours, but we have covered that too in posts here.  We used to accept some Agents but stopped due to Agents like yourselves attaching various agendas (such as marking up spread by one pip and still charging perf fees on top) that conflict with performance and Clients best interests and therefore we would rather choose and take care of our Clients ourselves as our agenda is performance only.

Agents & IBs - reminder:  https://donnaforex.com/index.php?topic=20305.msg380300#msg380300
 IBs:  we accept IBs - maybe even yourselves with a pip markup...why would you need more reward if you already taking a pip...how many systems other than grid or martingale can (temporarily) accommodate a one pip markup?  Not many and not for long, but our institutional system can.  However we do nothing of the sort - our direct Clients are treated with integrity in terms of receiving best prices and best commission rates etc...all we ask for is our perf fee.
Agents: we only slightly negotiable on our perf fee at select brokers where your clients would not be competition to our own funds...at least 2 EU regulated brokers are available for this that are suitable for large (multiple 100k) deposits.  Your preferred broker you mentioned in email/PM is a retail bucketshop and does not supply institutional type trading access, but we working on a solution to bypass their restrictions any week/month now.
Rewarding Agents or 3rd Party Traders:  The alternative would be for Agents to apply their own trading alongside ours on the same account...we get paid for our performance and Agents/Traders get paid for theirs...this would of course be ideal so long as the Agent / Trader makes money, because we definitely do and will be expecting payment up to 3 times a year. 

"Mix" Trading - Here is more info:
Mix our trading with Signals or private Trader:
> https://donnaforex.com/index.php?topic=20305.msg380536#msg380536
> https://donnaforex.com/index.php?topic=20305.msg383082#msg383082
Why does no Trader or Agent come forward to offer their service alongside us and bring their Clients and give them a better service by including our high probability system?  because there are very few long term profitable traders / agents and they may feel threatened by our performance.

what is the typical stoploss on this?

Stop Loss:  This is not some retail EA with poor odds and long holding times and the usual hold and hope.  We open and close as fast as you read this sentence...open and close...
Scalping for large pips:
We know how to make money when its the perfect time to do so and yes some positions are held for only a few seconds for a large number of pips profit, typically the average is under a minute.
Open Positions (Page 2): https://donnaforex.com/index.php?topic=20305.msg380331#msg380331

It seems an interesting extremely high risk: high reward system based on targeting very small pips during volatile hours. While using very high lot size per trade.

FXM System: Anyone like yourself within a retail environment that is judging our trading negatively has much to learn.  There is very little to nothing that compares in reward to risk ratio.  Our Lead traders are fairly wealthy...show us any system that outperforms us in profit factor and reward to risk ratio and pip expectancy and we will sponsor or join their managed accounts - just note that we have lost more than gained from all these other so called professional traders that come and go like the wind and our long term Clients have learn't to stick with us to avoid the retail trading pitfalls.

Quote
extremely simple approach to trading that does not require many years of trading experience. Its simply based on trading during the most high volatile market situations including exotic pairs which are offered on low pip spread. While not trading much to keep building that track record and make it as lengthy as possible to attract more investors.

Zero truth.  Those with lesser experience have pointed out the basics of our strategy in these pages.  All our Clients have access to info on our strategy and therefore have a better understanding of what to expect - for many reasons they are not allowed to share such info publicly.
Have another look at one of our accounts: 
https://www.simpletrader.net/signal/9953/FXM-Piggy-Bank.html
https://www.myfxbook.com/en/members/ForexManagerDBA/piggy-bank/2652292
Do you really think this is traded with some simple retail system that you can replicate with less than years of experience, data collection and analysis, technology developments that cost over $1mill and key elements may not even exist outside of our Team...and you call it simple...why approach us if you can do it yourself...

I am not saying its a bad system, all what I am suggesting is not to charge any profit share or any fees at all until the investment capital is fully recovered. Thats the only way to make it fair, and they have most highly likely blown up all accounts before. So they should know more than anyone else what I am talking about.

So its fine for simple grids and go-bang martingales to charge a monthly performance fee, but the best system you have seen that only invoices perf fee 1-3 times a YEAR and gave out $400k in guarantees and one of its Lead traders has verified over $1m in deposits at various brokers for this very same system and a million in PAMMs already some 8 years ago...and it must be too good to be true and therefore shouldn't charge a performance fee until 100% gain...do you have someone there to proof read your statements before making them public.

Reminder to all -
> NEVER have we blown accounts - not our own, not Clients, in over a Decade!!
> No Client has ever been expected to leave with a loss - most likely All made money in a reasonable time frame of 6 months and in the unlikely event that anyone lost money with us, feel free to come forward and we will gladly recover it.
> If you have ever experienced performance like this then it was most likely us trading your account - why did that agent lose us?  because they were greedy and they had other agendas.
> There is no such thing as luck when it comes to FXM Team's System. 

As per all the standard risk disclosures; leveraged trading carries risk, but so does a property bond, just apply basic risk management and don't invest all your savings into our system or any business, property, stock etc.

Other topics mentioned that have already been addressed within this Thread:
Short history on some account, why (Page 1):  https://donnaforex.com/index.php?topic=20305.msg379546#msg379546
Risk & How to manage it (Page 1): https://donnaforex.com/index.php?topic=20305.msg379547#msg379547 
Verification & Financial Status (Page 2):: https://donnaforex.com/index.php?topic=20305.15
FAQ Skeptic (Page 1):  https://donnaforex.com/index.php?topic=20305.msg379330#msg379330
FAQ Skeptic (Page 2):  https://donnaforex.com/index.php?topic=20305.msg380331#msg380331
Ownership (Page 3):  https://donnaforex.com/index.php?topic=20305.msg380376#msg380376
Brokers, IP & Large Investors (Page 4):  https://donnaforex.com/index.php?topic=20305.msg381249#msg381249

---
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: Nasdaq100 on December 11, 2018, 03:33:18 AM
The fact that you are in a state of denial is a major turn off.

Please present one single account that has traded with more than 600 trades. Even if its only less than 6 months old.

Please reply with a simple myfxbook page. No need for the lengthy arrogant BS replies.

The more trades youíll have the more likely you will blow up. Its a simple math that applies on any scalp system that relies on high volatility and extremely high leverage.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on December 11, 2018, 08:27:46 AM
Megabot Team

You brought your lazy (not bothered to read the thread), jealous (Agent IB), inexperienced (inaccurate) bashing here without attempting to learn by first questioning in a reasonable manner. 

Stand on the side watching for our next and possibly final decade of dedicated service to trading, along with the last basher from 2015 that still pushes their go-bang martingale to newbie traders - maybe you'll be proved correct in your forecast, maybe not.  And even if that were to happen to a few accounts outside the guarantee phase??  We would most likely refund their losses anyway...these small HL (High Leverage) VIP accounts are not significant deposits from our viewpoint and financials and Clients are providing us the number of accounts that would be difficult to achieve alone.  As posted (Page 2 reply #29) Lead traders have opened up to 30 accounts just between themselves in the past at your one retail bucketshop broker, before they removed institutional access, but instead of opening another 30 once we overcome that broker's current block, these numbers can easily be achieved by offering this venue to both longterm and new Clients and we then all stand to benefit.

Risk & How to manage it: https://donnaforex.com/index.php?topic=20305.msg379547#msg379547
We purposefully trade ALL small accounts at higher leverage in order to maximise opportunities present in virgin retail accounts....once the conditions of an account change to suit the market makers, then we adjust our trading on such accounts accordingly.

Performance variability, Investment Term & WITHDRAWALS: https://donnaforex.com/index.php?topic=20305.msg380479#msg380479
It is the Clients responsibility to notify us of significant balance deposit/withdrawal changes (non-trading related) and in this way adjust our margin usage.  This is important to try avoid such worst case scenario.
 
Number / Frequency of Trades: 
> This is extreme high probability trading, why should we take average retail probability opportunities purely to generate volume in order to please those that have EA mentality.  Our strategy ensures that poor / normal probability trades are rejected or cancelled before they can execute...if you were to monitor our LP Logs or institutional platform trading Logs you would notice that we actually trade (send orders to market) most days and an account can experience 100 orders a month - and by design, the few orders that execute are usually profitable immediately or within seconds.

> $400k Lead Trader account at an FCA UK broker:  https://www.myfxbook.com/members/ForexManagerDBA/fxm-institutional/2652375 
350 live trades in 2 years and yet we have live myfxbook history dating back to 2009, which is when we migrated from PFGbest and there was no myfxbook before 2009 as it was an institutional platform.  You will find far more than 600 trades if you include live accounts in a chronological order, and no there won't be 600 in 6-12 months time frame unless you include order logs, but if that still does not meet your EA type frequency criteria and you choose to overlook the importance of the other stats, then please prioritise those other systems that do.
Myfxbook 2nd:  https://www.myfxbook.com/members/ForexManagerDBA  and we have an older myfxbook as per the Verification on Page 2, which contains the PAMMs dating back to 2009.

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: Nasdaq100 on December 11, 2018, 08:40:19 AM
you just keep on dancing around the simple request. Provide a link to one single myfxbook performance page that shows over 600 trades total minimum.

I bet you can't. Its clear that you are hiding all the previous blow-ups by having myfxbook stop updating.

And I won't even bother reading your BS lengthy replies.
Title: Re: Forex Manager DBA
Post by: Ruairi OPleurisy on December 11, 2018, 11:33:36 AM
you just keep on dancing around the simple request. Provide a link to one single myfxbook performance page that shows over 600 trades total minimum.

I bet you can't. Its clear that you are hiding all the previous blow-ups by having myfxbook stop updating.

And I won't even bother reading your BS lengthy replies.
Did you know that the account in your sig is:

Because of this, I know for a fact that you are the Devil incarnate.  Or perhaps I have just read too much into this  ;D
Title: Re: Forex Manager DBA
Post by: Nasdaq100 on December 11, 2018, 12:22:39 PM
you just keep on dancing around the simple request. Provide a link to one single myfxbook performance page that shows over 600 trades total minimum.

I bet you can't. Its clear that you are hiding all the previous blow-ups by having myfxbook stop updating.

And I won't even bother reading your BS lengthy replies.
Did you know that the account in your sig is:
  • a demo accont
  • has a very short history (starts 22nd Oct)
  • has not updated since Nov 6th

Because of this, I know for a fact that you are the Devil incarnate.  Or perhaps I have just read too much into this  ;D

Did you know that I am currently not offering any managed accounts or any services of any kind to this forum?

Did you also know that we have launched a successful EA back in 2010 and it kept making money for 5 years (which is a record breaking in the EA realm). Oh BTW, it did not trade frequently ;)
Title: Re: Forex Manager DBA
Post by: FLechdrop on December 11, 2018, 01:50:18 PM
I think it adds to the credibility of this service that they have now explained more exactly what the advantage of having clients is to them, rather than just trading their own money.

The reason, as I understand it, is exactly that liquidity providers will start to complain (and obstruct) if any account has been too profitable for too long. And I guess it takes longer for them to find out about accounts opened in apparently random peoples' names.
Title: Re: Forex Manager DBA
Post by: Humble Trader's Fx on December 11, 2018, 02:22:23 PM
I think it adds to the credibility of this service that they have now explained more exactly what the advantage of having clients is to them, rather than just trading their own money.

The reason, as I understand it, is exactly that liquidity providers will start to complain (and obstruct) if any account has been too profitable for too long. And I guess it takes longer for them to find out about accounts opened in apparently random peoples' names.

Not to diminish DBA,"until the fat lady sings", but it would only take a small a count,  say 1-3k, to keep over time, so that it would answer the call of a consistent, profitable,  live system, over years; I doubt if this would be caught by any broker or liquidity provider: This being one additional security for small investors, who would like to take advantage of this offer but need to be careful with any offer, which at first, "sounds too good to be true."
I am sure DBA, understands people's incecurity and in no way wishes to project one of ego, "take it or leave it".

Regards,
HumbleTrader
Title: Re: Forex Manager DBA
Post by: taipan888 on December 11, 2018, 02:47:06 PM
Megabot Team

You brought your lazy (not bothered to read the thread), jealous (Agent IB), inexperienced (inaccurate) bashing here without attempting to learn by first questioning in a reasonable manner. 

Stand on the side watching for our next and possibly final decade of dedicated service to trading, along with the last basher from 2015 that still pushes their go-bang martingale to newbie traders - maybe you'll be proved correct in your forecast, maybe not.  And even if that were to happen to a few accounts outside the guarantee phase??  We would most likely refund their losses anyway...these small HL (High Leverage) VIP accounts are not significant deposits from our viewpoint and financials and Clients are providing us the number of accounts that would be difficult to achieve alone.  As posted (Page 2 reply #29) Lead traders have opened up to 30 accounts just between themselves in the past at your one retail bucketshop broker, before they removed institutional access, but instead of opening another 30 once we overcome that broker's current block, these numbers can easily be achieved by offering this venue to both longterm and new Clients and we then all stand to benefit.

Risk & How to manage it: https://donnaforex.com/index.php?topic=20305.msg379547#msg379547
We purposefully trade ALL small accounts at higher leverage in order to maximise opportunities present in virgin retail accounts....once the conditions of an account change to suit the market makers, then we adjust our trading on such accounts accordingly.

Performance variability, Investment Term & WITHDRAWALS: https://donnaforex.com/index.php?topic=20305.msg380479#msg380479
It is the Clients responsibility to notify us of significant balance deposit/withdrawal changes (non-trading related) and in this way adjust our margin usage.  This is important to try avoid such worst case scenario.
 
Number / Frequency of Trades: 
> This is extreme high probability trading, why should we take average retail probability opportunities purely to generate volume in order to please those that have EA mentality.  Our strategy ensures that poor / normal probability trades are rejected or cancelled before they can execute...if you were to monitor our LP Logs or institutional platform trading Logs you would notice that we actually trade (send orders to market) most days and an account can experience 100 orders a month - and by design, the few orders that execute are usually profitable immediately or within seconds.

> $400k Lead Trader account at an FCA UK broker:  https://www.myfxbook.com/members/ForexManagerDBA/fxm-institutional/2652375 
350 live trades in 2 years and yet we have live myfxbook history dating back to 2009, which is when we migrated from PFGbest and there was no myfxbook before 2009 as it was an institutional platform.  You will find far more than 600 trades if you include live accounts in a chronological order, and no there won't be 600 in 6-12 months time frame unless you include order logs, but if that still does not meet your EA type frequency criteria and you choose to overlook the importance of the other stats, then please prioritise those other systems that do.
Myfxbook 2nd:  https://www.myfxbook.com/members/ForexManagerDBA  and we have an older myfxbook as per the Verification on Page 2, which contains the PAMMs dating back to 2009.

--
Forex Manager Team

Do you have more than one lead traders, right? Do they align their trade decisions sothat  their performances for all investors are the same? Or, is the performance lead trader dependent?
Title: Re: Forex Manager DBA
Post by: HFT Group on December 11, 2018, 08:29:47 PM
you just keep on dancing around the simple request. Provide a link to one single myfxbook performance page that shows over 600 trades total minimum.

I bet you can't. Its clear that you are hiding all the previous blow-ups by having myfxbook stop updating.

And I won't even bother reading your BS lengthy replies.

Keep it nice. If you can't provide proof then don't make unfounded accusations. If you can't be bothered reading the "BS lengthy replies" to questions you put forward then I suggest you stop asking them.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on December 11, 2018, 08:40:09 PM
Do you have more than one lead traders, right? Do they align their trade decisions so that  their performances for all investors are the same? Or, is the performance lead trader dependent?


Lead Traders & Decisions: 
Yes there is more than one Lead trader and they have been trading together years prior to the 2009 PAMMs.  That $400k FXM Institutional account is a different Lead trader to the one that carried out the Verification (page 2). Trading is same for all, but its possible that Lead traders may increase their own risk as they can afford greater risks than most Clients ie. input a 50k balance as 100k, which is Not allowed with Client accounts, but even this is rare and could only be done on extremely high leverage brokers.

Performance variability: 
> Servers: The primary aspect that may vary are servers - we have numerous dedicated servers in NY4 and LD4 from which we trade, some have different providers and hardware, who knows, its possible that one server performs a couple milliseconds (ms) ahead of another at times. 
> Processing:  There are many accounts, again its possible that the first account to be added at a broker has a couple ms latency advantage over the last since any processing takes some little time...usually Lead traders are of the first to arrive at venues.  We gradually add more servers as and when required. 
> Front-end:  When we view our list of accounts on our UI (trading station), all we see are numbers and codes, as shown in screenshots and explained in the following post;
Different trades or plans or symbols: https://donnaforex.com/index.php?topic=20305.msg380479#msg380479
These "performance variability factors" are mostly outside of our control.

Performance Updates / Comparisons:
Since we only invoice 1-3 times a year, the primary reason we send monthly emails to clients and why we pay attention to monthly performances is to compare brokers & platforms and to update Clients on important matters, Not to promote a monthly "return-of-investment" expectation.

--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: petersurrey on December 12, 2018, 08:50:54 AM
Megabot Team it appears you chose the wrong thread/forum to pick a fight  - FXM have been around for years and the only pro forex provider I have consistently profited with, having tested just about every EA/service/signal site out there over the last 15 years.

It also doesn't do your cause any good when you bash another provider without making any informed debate, or ask reasonable non-judgemental questions and wait for the response.

 FXM has been trading institutional platforms for years using split-second trading tech which is completely different to trading the many crap EA's on retail MT4, and as we all know is heavily weighted against the trader - most ECN platforms are not ECN etc etc.

You are also confusing the lack of long-term individual broker track record with their overall long-term profitable track record. Bucket shop brokers cannot tolerate persistently winning systems in which case FXM has to move on to the next profitable broker which can manage their more consistent approach- nothing wrong with that.

None of my trades has ever involved any visible drawdown, which is not to assume it may not happen it is just that they stack the odds hugely in their trader's favour.   One of the biggest risks in forex IMHO is spending too long in the market and being exposed to gaps/black swans etc  - with a system which spends just a few seconds if that per trade a few times per month you are reducing your risk to tiny %.

So moving forward let's try to keep the debate to open discussion without being judgemental before knowing all the facts...

Title: Re: Forex Manager DBA
Post by: deankenny on December 12, 2018, 12:32:44 PM
Forex Manager, do not waste your time or energy even responding to the likes of Megabot. They have clearly been hurt by Forex so bad that they have some sort of vendetta against anything and everyone within Forex even if they do turn out to be legit and profitable, megabot seems so determined that EVERYTHING in forex is a loser that whatever you say, prove or post in reply will not change their 1 track judgemental mind, as we can cleary see from the not so educated responses they give you.

Title: Re: Forex Manager DBA
Post by: laracroft on December 14, 2018, 03:18:49 PM
I have seen that in these days jonpearce (HFT Group) and other customers who had HL VIP accounts with Pepperstone have withdrawn all their funds, transferring them elsewhere.
This is due to the given notice of ForexManager DBA: Pepperstone, at runtime, converts limit orders into market orders and this increases the risks of trading.
Also I have an HL VIP account with Pepperstone -
On which brker it is advisable to transfer the funds ?
Unfortunately, ICMarkets no longer accepts HL VIP accounts
Title: Re: Forex Manager DBA
Post by: FLechdrop on December 14, 2018, 04:23:53 PM
Unfortunately, ICMarkets no longer accepts HL VIP accounts

That says something about them, if they don't...
Title: Re: Forex Manager DBA
Post by: HFT Group on December 14, 2018, 09:00:15 PM
Unfortunately, ICMarkets no longer accepts HL VIP accounts

That says something about them, if they don't...

laracroft means ForexManager are not taking any new accounts at IC Markets currently, not that IC Markets are not allowing them to be opened.
Title: Re: Forex Manager DBA
Post by: HFT Group on December 14, 2018, 09:03:12 PM
I have seen that in these days jonpearce (HFT Group) and other customers who had HL VIP accounts with Pepperstone have withdrawn all their funds, transferring them elsewhere.
This is due to the given notice of ForexManager DBA: Pepperstone, at runtime, converts limit orders into market orders and this increases the risks of trading.
Also I have an HL VIP account with Pepperstone -
On which brker it is advisable to transfer the funds ?
Unfortunately, ICMarkets no longer accepts HL VIP accounts

Referring to the monthly performance email is advised when seeking an alternative broker to Pepperstone.
Title: Re: Forex Manager DBA
Post by: vinoc on December 17, 2018, 02:09:07 AM
The fact that you are in a state of denial is a major turn off.

Please present one single account that has traded with more than 600 trades. Even if its only less than 6 months old.

Please reply with a simple myfxbook page. No need for the lengthy arrogant BS replies.

The more trades youíll have the more likely you will blow up. Its a simple math that applies on any scalp system that relies on high volatility and extremely high leverage.

Can people really be so lazy sometimes that they cannot answer their own simple, easy to find questions?

This account yields 12,226 trades. It only took 30 seconds to find.
https://www.myfxbook.com/members/ForexManagerDBA/228-hl-vip-mt4-frtrs01/1328783

This one yields 1,942 trades.
https://www.myfxbook.com/members/ubertrading/ftk-4207/222343

Next thing you know, they still won't be satisfied with the answer, and will move the goal post to something else.
Title: Re: Forex Manager DBA
Post by: FLechdrop on January 10, 2019, 10:36:03 PM
Just to check: are the myfxbook accounts that were previously on Pepperstone still running live?
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on January 11, 2019, 07:03:41 AM
Hi FLechdrop, not sure if the following answers your question.

Myfxbook Links:  Their automatic updating of accounts tends to drop/stop occasionally for no apparent reason. Many active live accounts stopped updating at year end.  Some platform updating cannot be resumed easily like with MT4 accounts and may require deleting off myfxbook, then adding again and regenerate new links - its a nuisance.  Soon we'll go through all active accounts to resolve.
 Clients are welcome to send us an email to reactivate or regenerate their links that haven't updated for more than say 48 hrs - please specify the VIP number or provide the actual link to be updated.

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: FLechdrop on February 03, 2019, 08:18:43 PM
Is there any update on this? I would like to follow some live account to see how the strategy is doing these days.
Title: Re: Forex Manager DBA
Post by: alaali on February 04, 2019, 07:15:41 AM
Is there any update on this? I would like to follow some live account to see how the strategy is doing these days.

You can follow HFT Group account:
https://www.myfxbook.com/members/jonpearce/forex-manager-hl-vip/2666168
Title: Re: Forex Manager DBA
Post by: FLechdrop on February 04, 2019, 10:51:37 AM
Thanks. I thought it was not being updated, but I see now there has been a trade in December. Probably there just have been no trades in January.
Title: Re: Forex Manager DBA
Post by: alaali on February 04, 2019, 02:12:20 PM
Thanks. I thought it was not being updated, but I see now there has been a trade in December. Probably there just have been no trades in January.

In my account I got one trade in January.
Title: Re: Forex Manager DBA
Post by: taru on February 04, 2019, 02:18:12 PM
I had two trades during January on my FXCM (Australia) account.
Title: Re: Forex Manager DBA
Post by: FLechdrop on February 04, 2019, 03:28:18 PM
OK. Seems it is quite broker dependent. Were any of these big trades?
Title: Re: Forex Manager DBA
Post by: alaali on February 04, 2019, 03:32:45 PM
OK. Seems it is quite broker dependent. Were any of these big trades?

You can contact them to get a detailed answer.
They are updating their list and accommodate based on your needs.

Title: Re: Forex Manager DBA
Post by: laracroft on February 05, 2019, 04:07:07 PM
In January he had only one trade on my account with the FXDD broker
Title: Re: Forex Manager DBA
Post by: eusergio on February 06, 2019, 05:13:33 PM
Indeed it seems there has been not much activity neither winning trades lately (last 2 months).
Market itself does not seem to be providing great opportunities for whatever trading style for quite a while...
Lets see if the results in the next months live up to the expectations created by this topic!
good luck for those involved
Title: Re: Forex Manager DBA
Post by: vinoc on February 06, 2019, 06:55:11 PM
Volume / liquidity normally during this time and before Xmas is usually very low. Don't expect much until we get to after March to mid year especially when Brexit makes an impact.
Title: Re: Forex Manager DBA
Post by: nc! on February 06, 2019, 06:57:58 PM
Same here Axiory, Global Prime waiting is part of the strategy. Good luck to all
Title: Re: Forex Manager DBA
Post by: oportunis on March 09, 2019, 11:46:01 PM
How does the guarantee of 6 month work if there are no trades for 6 months? Is it prolonged?
Title: Re: Forex Manager DBA
Post by: gabjib on May 18, 2019, 05:21:29 PM
is this thread still active?
Title: Re: Forex Manager DBA
Post by: alaali on May 18, 2019, 10:10:09 PM
Yes.
Title: Re: Forex Manager DBA
Post by: oportunis on May 18, 2019, 10:24:50 PM
Doesn't seem it's active or profitable even. No trades for months. Also how does the 6 month guarantee work if there are no trades, no profit or loss...
Title: Re: Forex Manager DBA
Post by: eusergio on May 18, 2019, 10:39:42 PM
Indeed the links on MyFxbook seem either old (most) or the recent ones not showing any significant profit over the last year or so...
Title: Re: Forex Manager DBA
Post by: alaali on May 18, 2019, 10:41:20 PM
Depend on the broker you are using.

I moved my account to a different broker because the old one was not filling the orders.

I got two trades this month in the new broker. So far in positive.

I don't know how the 6 months guarantee will work because it is more than 6 months for me and still did not reach a level where I can withdraw my initial investments.

The good thing about this is the trades usually are open for a very short time so you will not be in draw down for days or weeks. But still it is a very risky investment.
Title: Re: Forex Manager DBA
Post by: petersurrey on May 19, 2019, 03:53:44 AM
You have to be patient with this one and be prepared to switch brokers on a regular basis, as they soon realise they are not going to be profiting from you longer term...or their LP decides for them) You then realise you are moving out of the regulated zone and into more dodgier ground....with no guarantees and possible delayed/refused withdrawals. Is it worth the risk? Well if you strike lucky yes, but I would only risk a small % and spread the risk between brokers.
Title: Re: Forex Manager DBA
Post by: ahtiong on May 19, 2019, 07:46:26 AM
Choose a well regulated brokers and withdrawal should not be much issues compared to those brokers in those exotic island.

To me, they are still professional and good. They are in the business for more than 10 years if I not wrong. I dun find them risky. The risk part is just no trades or brokers/lp reject their orders and funds have to move out and waste Bank wire fees and that is just small amount of fees and that is all.

If you have withdrawal issues, you can go their regulator to complain. So far withdrawal has not much issues for those well regulated brokers for me. Choose a well regulated brokers and it should be fine.
Title: Re: Forex Manager DBA
Post by: gabjib on May 19, 2019, 09:38:15 AM
if brokers are gonna scam you, they are gonna scam you. Whether they are in an island or asic regulated. Look at halifax, with all that regulation went into liquidity
and people dont know if they will ever get their money.

some brokers in the islands have been great for over a decade, so depending on just regulation is not smart as you can still be burnt quite easily.
Title: Re: Forex Manager DBA
Post by: petersurrey on May 19, 2019, 09:45:56 AM
Agreed they are VERY professional, but all of the risk is with the investor...FXPIG delayed my withdrawal by a few weeks due to their own bank switching issues ( now resolved), which was pretty scary at the time and all of the chasing etc was done by me, including tracking down the management on LinkedIn  - yes they may be 'regulated' but it means nothing if outside the UK (assuming UK resident).
Title: Re: Forex Manager DBA
Post by: gabjib on May 19, 2019, 10:02:29 AM
yes, i know when fxpig had their banking issues, they have since changed banks, they do everything that shows they wanna be up there including their spreads feeds, etc....with that kind of effort, i can only give them the benefit of a doubt.
Title: Re: Forex Manager DBA
Post by: ahtiong on May 19, 2019, 10:41:21 AM
So far, I had no withdrawal issues for fxpig. Out of those exotic island brokers, I feel that fxpig still can be trusted.

Their support is good. Anyway, they had settled your funds so i think is due to bank switching.

Plus Kevin is busy with his new crypto business.
Title: Re: Forex Manager DBA
Post by: gabjib on May 19, 2019, 07:00:07 PM
Yes, right now, i can only work with fxpig, icmarkets and any FCA (no ASIC) fca only regulated broker. Only reason im saying this is because FCA has a protection for up to 50K pounds, and if there is any body i can trust to follow up on their word, it is fca. It is still a risk at the end of the day, but this is the best there is, at least to me.

Title: Re: Forex Manager DBA
Post by: ahtiong on May 20, 2019, 07:56:15 AM
Fxpig regulation got 20k compensation. Asic do not have compensation. Fca brokers need to proof high net worth before you can have high leverage products.

Some brokers do give compensation but they never state they can pay you immediately. They can pay you back 10, 20 or even 50 years back. I had bad debts and this happen to me and they say can pay back but is like 30 years later which I already give it up.
Title: Re: Forex Manager DBA
Post by: oportunis on May 20, 2019, 08:29:08 AM
This is strange, every broker that goes to insolvency court solves this in 1-5 years. Some faster, but it's up to the court to decide who gets what. Last big insolvency of a broker was Alpari after CHF black swan event and they solved this in 1-2 years. Plus if you are waiting for 30+ years you should ask for interests, in my country, it's 8% p.a. if they don't pay in time... Force this on them and you will get money back if they have it...
Title: Re: Forex Manager DBA
Post by: gabjib on May 20, 2019, 10:56:55 AM
fxpig used to have a 20k compensation but they do not currently, and factually speaking, it bothers me. i think the 10-20-30 year thing is a stretch, i agree it gets solved
in 1-3 yrs mostly, if you are not paid in this time, you will prob never get paid.

Also, 8% per annum is supernaturally awesome for a bank.
Title: Re: Forex Manager DBA
Post by: gabjib on May 21, 2019, 05:18:38 AM
I thought this was gonna be a useful conversation for other users on this forum based on past broker comment. I had a convo with fxpig and it went this way.

me- Hi

so i've been thinking, ever since you left financial commission.org i.e the guarantee of a 20k settlement is gone in case of liquidity or unforeseen issues.

I want to know what measures in place you have or might have in the nearest future to make investors feel more comfortable. You guys are really good brokers and i feel you want the best for customers, but i can't help but tell you i felt way more comfortable when you had the 20k settlement from financialcommission

let me know

fxpig-Hello Gabriel,

Welcome to FXPIG.

Thank you for your kind words.

FXPIG does take pride in its transparency and 8 years in business with zero to none disputes.

As you might alread know. As FXPIG is a pure 100% STP broker, we process all clients fund to our liquidity providers (which are highly regulated EU, AU finance institutions) for margin reasons.
We do not use the clients funds for company expenses.
Thus, even if something happens to FXPIG, ( which wont, as we have been on the market for 8 years now, we are profitable, and we run a NO - risk model) the clients funds are not in any danger at any time.
If you have any other question, please let us know.

Best regards

me-ok, this is an amazing response. However, what would be the recovery process if that were to happen, im asking because i wanna
cross my t's and dot my i's.

thanks

fxpig-Hello Gabriel,

Well, actually nothing should happen.  As the clients funds are all processed to the way larger liquidity providers and client funds are not used for company expenses, this is in essense a no-risk model.

As pure STP broker which does not mark up any spread, our only reveneu comes from the commission we charge.  So here off course the worst thing that could ever happen is having an unsatisfied client base that decides not to trade with us any longer.
The only thing that FXPIG can do is to keep its client base growing and satisfied with the service in a regulated environment.
On your question: " what would be the recovery process if that were to happen" ,  do you mean any individual dispute? or do you mean any outside of the norm situation on a larger level?

Cheers

me-when i say recovery process, i mean if for some reason fxpig is liquidated, how do clients get their existing funds?

lemme know

tnx

fxpig-Hello Gabriel,

in such example,the clients money would be still ok, as we do not hold the funds st our bank account but at the  LPs.

You would get the money prior to liquidation , or even if not, after the liquidation the  LP can/will payout the client's funds.

Cheers

me-ok, do you mind if i post our conversation on a public forum so others can see this response. Im a fan of fxpig, so i intend to do my best to make others that wanna
put some money in here to feel comfortable too. let me know, thanks.

fxpig-Hello Gabriel,


no issue at all, as you know 100% transparency is our attribute.

Cheers


END OF CONVO

make do with these guys, but i like and trust fxpig and i intend to keep using them along with icmarkets, there is always a risk though.
Title: Re: Forex Manager DBA
Post by: ahtiong on May 21, 2019, 07:17:02 AM
Icm is asic which does not have compensation at all. Icm is good tough but recently, they already started rejecting profit orders.

FXPIG is excellent broker but wire fees is very expensive and funds arrival also sonetimes can be long.
Title: Re: Forex Manager DBA
Post by: oportunis on May 21, 2019, 08:02:17 AM
Don't be naive, the only broker that is safe to trade is the one that offers a custodian account.

@gabjib can you please ask what happens If you are in a segregated pool of accounts and there is a black swan event like we had in CHF on 15th of January 2015 and most clients go into debt, not that they lose only their margin but they go into debt. I would like to see the reply :)

Alpari, FXCM went bust after this. The segregated pool is not made of individual accounts but it's one account on the company/broker name and if funds there go into debt those funds are frozen by LP and even if you weren't trading and had no loss your account will be frozen due to this reason. So if the broker doesn't have enough capital to cover the debt they will go after clients and clients, which in 95% case don't know about this, will try to avoid paying. We saw plenty of brokers go under after this event, so don't think segregated account means safety...
Title: Re: Forex Manager DBA
Post by: taru on May 21, 2019, 08:20:57 AM
Don't be naive, the only broker that is safe to trade is the one that offers a custodian account.

@gabjib can you please ask what happens If you are in a segregated pool of accounts and there is a black swan event like we had in CHF on 15th of January 2015 and most clients go into debt, not that they lose only their margin but they go into debt. I would like to see the reply :)

Alpari, FXCM went bust after this. The segregated pool is not made of individual accounts but it's one account on the company/broker name and if funds there go into debt those funds are frozen by LP and even if you weren't trading and had no loss your account will be frozen due to this reason. So if the broker doesn't have enough capital to cover the debt they will go after clients and clients, which in 95% case don't know about this, will try to avoid paying. We saw plenty of brokers go under after this event, so don't think segregated account means safety...

Exactly. You took the words out of my mouth. In the case of SNB fiasco of 15 Jan 2015, all clients of Alpari UK and many other brokers suddenly found themselves owing money despite the fact that many had no positions on EURCHF.
Title: Re: Forex Manager DBA
Post by: gabjib on May 21, 2019, 10:00:41 AM
well looked like fxpig was open then and survived it, so you are gonna have to ask them or email them.
Title: Re: Forex Manager DBA
Post by: oportunis on May 21, 2019, 10:23:02 AM
I don't have an account with them and it's in your interest to know this. FxPig was little in 2015 so you can't compare them with FXCM which was traded on S&P500 and Alpari was something like IC Market is today.

Just don't be blind about the safety of segregated accounts.
Title: Re: Forex Manager DBA
Post by: gabjib on May 21, 2019, 10:24:19 AM
ok good to know
Title: Re: Forex Manager DBA
Post by: Fastrack Forex on May 21, 2019, 04:35:02 PM
Any suggestion to which broker is suitable to use now? Quite of troublesome that one needs to keep changing.
Title: Re: Forex Manager DBA
Post by: petersurrey on May 22, 2019, 09:36:58 AM
Any suggestion to which broker is suitable to use now? Quite of troublesome that one needs to keep changing.

This needs to be a private discussion between you and FMDBA.
Title: Re: Forex Manager DBA
Post by: ForexManagerDBA on May 23, 2019, 06:00:55 AM
There are a couple solutions to potentially never having to change brokers, however one such solution requires a larger than minimum deposit, and the other requires more effort or "risk".   $10k per account limits us and Clients to select brokers, most of which are "non-relationship" brokers - its primarily those that joined our service with minimums that have been affected by those 3 brokers that changed from exceptional to unsuitable, 2 of these brokers were popular and therefore affected many.  If the conditions improve significantly at those venues (we have accs there to monitor), then those that were inconvenienced and withdrew (and still with our service), will have their places secured.

Relationship brokers ($20k+) - Solution #1:  For many years we had up to $100k minimum deposit to ensure we placed our Clients with "relationship" brokers or to have access to select platforms.  However with increases in AUM and with these select brokers becoming accustomed to the advanced / institutional setup (which we introduced to them) and having witnessed us operate for years - brokers have grown to appreciate our business and been willing to lower the minimums.  Therefore instead of $50-100k, the minimum for an advanced/institutional setup has dropped to either $20k or 30k USD or equivalent.  All these brokers are regulated, and most of these are ASIC or FCA.  As Lead traders, we join them all and our public "FXM Institutional" account is a "relationship broker" account.

Long Term tested ($10k+) brokers - Solution #2:  most of these smaller deposit venues are "non-relationship".  There were and still are long term $10k brokers offered, but some may not be attractive to Clients for one or other individual-specific reason ie. EPC requirement, jurisdiction, performance, base currency, deposit method etc.  Prefer not to discuss broker names in public, but as examples; the less popular jurisdiction brokers are the ones behind "FXM TV Show" and "FXM Piggy Bank", but there is a large bank-regulated broker/LP, and 2 FCA brokers available....all of which we have traded at for many years.

ESMA & EPC (professional client) regulatory types restrictions:  understandably this can be a deterrent for some, but please don't let this stop you from joining a well regulated brokerage - we have a strict EPC procedure and will assist Clients step by step until they are accepted and obtain normal/higher leverage - our success rate is extremely high, but some effort is required on their part too.

Security of Funds:  there are many ways of looking at it and each Investor's financial situation differs.  Lead traders and some of the old Clients are HNW, and therefore they tend to join everything or most, depositing less with those without compensation schemes and more with those that do.  Therefore we do as we preach, which is, if finances allow, diversify with a number of brokers.  If circumstances only allows one or two accounts, then prioritise better security, and hopefully time will provide risk capital with which to be more adventurous.  However;

Liquidation of Broker:  In the past, there have been a couple Clients (and ourselves) affected by brokers going under, an example being "Fortress" which was both a broker and LP.  Its usually the Client's decision to join and accept the broker security risk, but of course we do hold ourselves partly responsible for involving them - therefore in such cases we have in past shared the loss and legal cost as goodwill acknowledgement of Client's long term loyalty.  Existing Clients may have noted that we suggest a maximum or optimum deposit per client at a particular broker and to rather "spread funds wide", and that is partly due to the potential risk to ourselves as well.

Assurance or Compensation:  Yes we have compensated in the past, every liquidation to date.  However we will not sign guaranteeing anything of the sort otherwise Clients won't be as cautious as they currently being, and we would have to become more strict and selective - there is enough admin.  In the past, a liquidation loss that was not recovered or was without a compensation plan, was declared a "trading loss" and offset against future performance fees.  No, we will not refund directly or immediately after the event - we would expect continued business to pay for your loss, which is exactly the same procedure if you incur a trading Drawdown (DD) or loss from our trading - your high water mark would adjust accordingly, thereby offsetting your loss until recovered and then the fee would resume.  Of course if Client is unable to stand the test of time and leaves our service, then they realise their own loss, exactly the same if they leave in DD.  If the loss is so significant that it affects most of our Clients and ourselves, which in turn impacts on our income for an extended period of time, then we might rebuild that website, do some marketing and grow the business enough to ensure the recovery is sustainable.

Why haven't we stated this before?  Many come to "test" us with demands/expectations and threaten to leave if not met - rather not contact us, and if they do join, why should we encourage the likes of these to remain in order to treat us like an insurance policy.  They may not yet have experienced for themselves the nature/pitfalls of retail forex in order to begin to appreciate our service.  Long term Clients endure the ups and downs together with us, not treat us as the cause of such an unfortunate situation but rather the joint solution, and may witness or experience first hand our efforts at responsibility taking during tough times.

Yes we have slower periods of performance that requires significant patience, we have DDs, our minimum deposit and VIP fee is high and yes we do offer brokers that are both short and long term.  However our managed account service is fairly comprehensive once Clients get to know it, and has the means and long history of events to back it up.

Thanks
--
Forex Manager Team
Title: Re: Forex Manager DBA
Post by: Fastrack Forex on May 23, 2019, 08:29:38 AM
Thanks for trying your best to help the clients. Will email you soon.

Title: Re: Forex Manager DBA
Post by: vik2001 on July 06, 2019, 02:09:24 PM
to people that have signed up, how many trades are being done on their account every month on average? 
Title: Re: Forex Manager DBA
Post by: Freedom Fund on August 20, 2019, 05:45:02 PM
Looking forward to being involved with Forex Manager DBA, sounds and looks like one of the best opportunities around. Just wish as a US client, we had more choices and less rules/regulations to "protect" us.