Managed Forex in Singapore

[send_me00]

Does anyone here know of any managed forex companies in Singapore? What are the pros and cons?

Thank you for any advice.

 

[barefooted]

Does anyone here know of any managed forex companies in Singapore? What are the pros and cons?

Thank you for any advice.

I think you are referring to Managed Forex Accounts where someone trades your money for you?

I'm not sure if there's any in Singapore, but if there is, these accounts typically require fairly huge capital to invest. Target Audience : High Net Worth Individuals.

That being said, you may be interested in this "Trade Leaders Investment Program" on Curensee. They have "Trade Leaders" who show you their trading performance, you can open and link your account so that when they trade, your account automatically mimics the trades made by your "Trade Leader".

Personally, I would prefer to trade myself than have someone manage my trading for me. Some may post good returns (the sorting always brings the "better performers" to the top), but these returns could be a result of a dangerous trading strategy that may implode on itself with one very wrong trade. You may wish to check it out though, since you are looking for managed FX accounts.

 

[alvinleo]

Personally, I wouldn't feel very safe putting my money with someone else to trade for me.

I know of such companies that offer small amounts of investment, but require a minimal holding time of 6 months to 1 year. Beware of such terms!

If what you want is passive income, without requiring to learn the know-hows of trading, I would rather recommend using an Automated Software or Robot to trade for you!

 

[empowersynergy]

Hi, I heard about managed forex and invested in one recently with a minimal capital of usd1000. I am not a professional trader myself and I have tried to trade on myself but the result is the same as 90% of investors which is totally losses. The main reasons of losses are greed and emotion. Well through this managed forex, the returns is considered moderately reasonable around 3 to 10% per month. They have a stop loss capabilities which is different from others as such my lump sum of capital will not be dump in by them. Of course there are other factors to consider such as no lock in period as such I can draw out my capital anytime and on top on this their past one year performance.

Just my personal view.

 

[hwmook]

Hi, I heard about managed forex and invested in one recently with a minimal capital of usd1000. I am not a professional trader myself and I have tried to trade on myself but the result is the same as 90% of investors which is totally losses. The main reasons of losses are greed and emotion. Well through this managed forex, the returns is considered moderately reasonable around 3 to 10% per month. They have a stop loss capabilities which is different from others as such my lump sum of capital will not be dump in by them. Of course there are other factors to consider such as no lock in period as such I can draw out my capital anytime and on top on this their past one year performance.

Just my personal view.

You created a new account to post such rubbish and you expect us to believe you?

If they can earn 3-10% a month, they do not need to earn it for you. All the big banks in the world would be begging for them to join.

 

[Perisher]

Good things don't last, tell us you have prove and record that your bank account is earning that 3-10% every month, every year. After 5-10 years, maybe one can trust you.

It can be as simple as taking new member's $$ and paying you to make you think you are earning 3-10% every month aka MLM.
In this type of scheme, only the early adopters earn, the middle ones maybe barely break-even, the late joiners all lost their capital.
In the end, when not enough new members are joining, the house of cards comes falling down faster than you can withdraw your $$.

Also, if it's machine trading it tends to work until it don't because every machine in the world is trying to do that, and when every machine does the same, none will earn.

Also, likely, they won't reveal who is trading for you, saying what other banks would get to them if they reveal their identity or the place they work for will screw them etc etc.

They will say these are top top traders in the world.
They will also say if they under-perform they will be replaced.
Those 2 sentence contradict itself because unless you think top top traders are easy to find anywhere, there is no way they can fired the under-performing traders.

Alas, I do not know what your investment scheme is like, just stating the above as what others will do. 3-10% every month is not moderately reasonable, it's better than even warren buffett's record so don't be surprise that the mechanic behind this is a sham.

 

[archcherub]

oops. haha i do have a sum of money with individuals trading for me at 3% per month.
but nothing above that lah.
where got so good 10%

3% per month to me is good enough!!

 

[Shiny Things]

Does anyone here know of any managed forex companies in Singapore? What are the pros and cons?

Thank you for any advice.

The con is that anything advertising "managed forex" to normal people is probably either an outright scam or just a plain bad idea.

More than likely you're handing your money over to some dude sitting in his underwear in front of CNBC, trading on his Dodgy Brothers Forex Brokers account. If it's not that, it's some dude who's just going to steal your money.

 

[swainchua]

You created a new account to post such rubbish and you expect us to believe you?

If they can earn 3-10% a month, they do not need to earn it for you. All the big banks in the world would be begging for them to join.

What he is saying is true. And if i wasn't wrong, they are MAXIM, Singliforex or maybe IBS from malaysia.

If i am not wrong, they are more of MLM style... and the operation is not very transparent because trades are done by 3rd party.

But the main thing i wanna mention here is, the people who invested INDEED are getting the % which was mentioned.

ANd what makes you think that what other people shared are bullsss and what you thought is right ?
When people out there is trying new things receiving income( depend on individual risk appetite which i have no comments ), you are here being skeptical, living in your own fantasies determining every other one is naive, stupid and you are the best..

What a clown you are.

 

[Perisher]

What he is saying is true. And if i wasn't wrong, they are MAXIM, Singliforex or maybe IBS from malaysia.

If i am not wrong, they are more of MLM style... and the operation is not very transparent because trades are done by 3rd party.

But the main thing i wanna mention here is, the people who invested INDEED are getting the % which was mentioned.

ANd what makes you think that what other people shared are bullsss and what you thought is right ?
When people out there is trying new things receiving income( depend on individual risk appetite which i have no comments ), you are here being skeptical, living in your own fantasies determining every other one is naive, stupid and you are the best..

What a clown you are.

There's a basis for being skeptical. Look at the number of forex scams on the internet. Look at the number of MLM scams.
Yes, one can take a small risk with these investment, but look at the genuine earn big $$ easily scheme that masses can use and none has been found so far. The % of it is overwhelmingly against such things existing, so there isn't any wrong with being skeptical.
In other words, it logical to be skeptical.

 

[sAVaGEmP5]

Always be first skeptical about investment schemes, especially those too good to be true. If its so good, they would already be featured on Bloomberg or CNBC. And because its your own money. Who should be more bothered about your own money other than yourself ?


History always repeats itselfs, and people tend to forget history very quickly

For u guys who didn't study what his modus operandi since 1990s to 2008, hope to spark some interest for u to see how he scam 65 bill.