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Author Topic: Balanced FX Portfolios - Forex Copy Trading Accounts  (Read 2591 times)

Online Balanced FX Portfolios

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    • Balanced FX Portfolios
Re: Balanced FX Portfolios - Forex Copy Trading Accounts
« Reply #60 on: June 21, 2019, 03:02:17 PM »
I received this email today from IC Markets, with whom I have the master account for Balanced FX Portfolios Alpha signal.

I may move my signal over to AxiTrader here in the UK soon, so that funds are covered by FCA regulation.


EMAIL FROM IC MARKETS
-----------------------------


"Dear Client,

In light of recent regulatory developments within Australia, International Capital Markets Pty Ltd (IC Markets AU), AFSL 335692, cannot guarantee that it will be able to provide its services to clients residing outside of Australia (Overseas Clients) and therefore, has decided that it will cease providing services to its Overseas Clients on 30 June 2019 (Effective Date).

To minimise the impact on you as a client of our ASIC regulated company, IC Markets AU, we have arranged for IC Markets (SC) to provide financial services to you pursuant to clause 29.6 of the IC Markets AU Account Terms. IC Markets (SC) is the registered business name of True ECN Trading Ltd (regulated under Financial Services Authority of Seychelles, Securities Dealer Licence number: SD018). IC Markets (SC) is a related entity of IC Markets AU."
« Last Edit: June 21, 2019, 05:42:15 PM by Balanced FX Portfolios »
COPY BALANCED FX PORTFOLIOS TRADES
-----------------------------------------------

SignalStart: https://www.signalstart.com/analysis/balanced-fx-portfolio/56995
MQL5: https://www.mql5.com/en/signals/586041
Zulutrade: https://www.zulutrade.com/trader/386554

Simple Trader link is coming July 2019.

Email Support: info@balancedfxportfolios.com
Website: www.balancedfxportfolios.com


Offline Fastrack Forex

  • fastrackforex@gmail.com
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Re: Balanced FX Portfolios - Forex Copy Trading Accounts
« Reply #61 on: June 21, 2019, 03:20:05 PM »
ya it sucks.

Not to sure which broker to go now? I may go to oanda.

What about you?

Online Balanced FX Portfolios

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  • Posts: 69
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    • Balanced FX Portfolios
Re: Balanced FX Portfolios - Forex Copy Trading Accounts
« Reply #62 on: June 21, 2019, 03:52:29 PM »
ya it sucks.

Not to sure which broker to go now? I may go to oanda.

What about you?

Think I will move the master account for my signal over to AxiTrader UK. They are FCA regulated and have assure me that these new Australian regulations will not affect UK clients. Axi have always been my preferred broker, I only went with ICM for the bigger leverage, so that I could use multiple EA's on one account. However, lack of regulation and protection for UK clients rings alarm bells for me.

I just need to tweak my risk settings and can still provide my signal on a 1:30 leverage account going forward.

Very inconvenient but needs must...
« Last Edit: June 21, 2019, 05:43:28 PM by Balanced FX Portfolios »
COPY BALANCED FX PORTFOLIOS TRADES
-----------------------------------------------

SignalStart: https://www.signalstart.com/analysis/balanced-fx-portfolio/56995
MQL5: https://www.mql5.com/en/signals/586041
Zulutrade: https://www.zulutrade.com/trader/386554

Simple Trader link is coming July 2019.

Email Support: info@balancedfxportfolios.com
Website: www.balancedfxportfolios.com


Online Balanced FX Portfolios

  • Jr. Member
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  • Posts: 69
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    • Balanced FX Portfolios
Re: Balanced FX Portfolios - Forex Copy Trading Accounts
« Reply #63 on: June 22, 2019, 05:34:06 PM »
Dear forum members,

I have decided to adjust my Alpha signal to make it fully compliant with ESMA restricted brokerage accounts (i.e. 1:30 leverage).

Looking at past data on my personal accounts I am confident that I can still achieve the targeted 5 - 10% profit per month without the use of an EA in addition to my manual strategies. (please see attached screenshot of my main personal account with Axi UK).

An amended description of the Alpha signal can be found on Signal Start here: https://www.signalstart.com/analysis/balanced-fx-portfolio/56995

This will address the concerns of traders using ESMA and US restricted leverage accounts who may have been previously put off copying my signal due to the minimum 1:100 leverage requirement.

From now on you will be able to copy the Alpha signal with a minimum $3000 and 1:30 leverage account.

I feel this is the right move, in terms of compatibility with the majority of copy trader's accounts.

I will be happy to answer any questions, as always.

Many thanks,

Dan.
« Last Edit: June 22, 2019, 08:54:53 PM by Balanced FX Portfolios »
COPY BALANCED FX PORTFOLIOS TRADES
-----------------------------------------------

SignalStart: https://www.signalstart.com/analysis/balanced-fx-portfolio/56995
MQL5: https://www.mql5.com/en/signals/586041
Zulutrade: https://www.zulutrade.com/trader/386554

Simple Trader link is coming July 2019.

Email Support: info@balancedfxportfolios.com
Website: www.balancedfxportfolios.com


 

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