FX21 - Managed Account Information
I haven't talking yet about the trades & company which Profit Millionaires Club use it. Now I would like to talk a little bit more about it to give you an idea how they works in live with managed accounts.
For the risk reduction I opened a managed account which another broker managed like all of them. This managed account service also rotates our money on a Forex market, partly owned by Hungarian brokerage company called DCFX Forex Broker.
The FX21 managed account was normally distributed by 21 Forex traders at the same time as the capital injection at their disposal. Traders had at least 2 years' experience online market before they started testing them, and after a successful test, they were forced to trade them into a big account.
Some of the main point which very important to know:
- Low Risk (Martingale, Grid, hedge strategies Excluded!)
- Low float because it takes small positions, low percentage of open positions. Max 1-3%!
- Low downturn, up to 3-5%!
- Expected monthly returns are around 5%
- Diversification, capital protection is the most important, so there are more traders, more strategies.
- Capital guarantee is 85%, which is remarkably good
- Minimum account value USD 2.000
(Amount can be recalled at any time, trade can be paused and restarted at anytime)
- 40% of the return is for brokerage in exchange for profit (profit making)
- Monthly administration fee: fixed 5USD + 0.15% / minimum 8USD maximum 100USD / month
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