Here Is A Great Collection Of Managed Forex Accounts

By Tony Clifton [Your Program In Focus]

You know I hate talking hype, but the site that I am going to present you deserves all the superlatives I have. It's not an investment program or an investment service itself, it won't take your money and make you millioner by itself. Managed Currency Accounts contains only information, but this is exactly what makes it so good.

I'll explain you why.

The folks who stay behind this resoirce have collected Managed Forex Accounts with aggressive results and low minimum entry. I don't know about you, but this is what I have been looking for long time.

Not only they are giving you a lot of information, but they have closed deals with the service providers which allows you to start in all of the current accounts for $10,000 or less. You can find some basic details about the specific offerings in their home page. You can see that the average monthly performance of some of the managed accounts they offer can go as high as 26% per monht.

One of the accounts on this site accepts $5,000 minimal deposit and another one - only $1,000. The others require $10,000 which is still pretty good and low for such an opportunity.

Managed Currency Accounts will ask you to sign up with your email address if you want to see further information and access to the opening documents. There is no fee for this section or for accessing other information on the site.

I have only one small concern. I checked the instructions for opening accounts in all of them and they were fine except one. It was saying that you just need to register an account in Ducascopy and then notify the managed account provider by email. I am assuming they will contact you then for the rest of the documents althought it did not sound like that in the instructions. In my opinion before funding a managed forex account you should always have LPOA (limited power of attorney) and Fee authorization signed from both parties. You should make sure that these are always presented. Here I am leaving the door open for the admins of Managed Currency Accounts to comment.

Speaking about one of the guys who manags this site, he is one of the old time readers of HYWD. Although I never met him personally, from our communication I feel he knows what he is doing. It's not a question of honesty here. Of course I am sure he is honest, but that does not matter so much, because a managed account provider can't escape with your money (if you don't know why, read here). So we don't need to do much "DD" on the site admin.

The managed forex accounts offered on this site look really as very good opportunities. I will take the necessary steps and add some of them in my portfolio along with Galleon. There will be follow up on this story, but I strongly suggest you to check Managed Currency Accounts in details. Of course you should never forget that even the real forex trading carries a high risk. Just because it's not a HYIP, it does not mean you can't lose.

Published at Jun, 27 '07 , Read 6372 times.

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User comments:

Tyrone Houston at Jun, 27 '07 20:27
Hi Tony, I have asked the contact person at Ducascopy to inform me if they require an LPOA and fee authorization. I'll let you know as soon as I receive an answer. Thanks, Tyrone Houston www.bestforexmanagedaccounts.com
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clifton at Jun, 28 '07 02:08
Thanks Tyrone, looking further for the response. Of course it's possible, though I never heard of a way to go without at least LPOA
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Tyrone Houston at Jul, 02 '07 18:56
Hi Tony, I just got a response from Ducascopy that I will forward to you. Ducascopy said that after you submit your online registration you will automatically receive all the needed agreements to your email including LPOA and fee authorization. Hopefully this clears it up.
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clifton at Jul, 03 '07 02:04
Great, thanks for explaining, Tyrone
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clifton at Jul, 11 '07 05:31
Just got an update with June results: Admiral -- New Minimum effective July 21 - Results now over 200% LoneStar -- +3.3% June results, up over 60% in last 3 months Bull Trading -- June solid with +8.2% CARVIT -- June is another good month with +7.2%
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Tyrone Houston at Jul, 15 '07 16:53
UPDATE ! Welcome to our Update Newsletter dated July 13, 2007. Here we feature Account Program performance summaries and announce new Accounts we have found available. ITEMS: Admiral -- Capacity for Minimum $10k accounts reached. -- New limit $20k expires July 19. ADMIRAL FUND No more accounts will be accepted at $10k! We announced in our July 10 update that the account minimum for Admiral Fund would be raised from $10k to $20k on July 21st. The reason for this is a limit on the number of accounts that can be managed by the trading team, without risking poor fills on trades. Admiral Fund has received enough new account applications that the minimum had been raised today, to $20k. $20k minimum size expires July 19. The account minimum of $20k for new accounts is effective immediately. Furthermore, this new minimum size will only be offered for applicants who submit their application documents in full before July 19, space permitting. Applicants will have until July 31 to fund their accounts with the $20k minimum. From July 19 on, the new account minimum will be $50k, space permitting. We apologize for the last minute notice, but we ourselves were just informed and there is nothing that we can do about this. NOTE: For applicants who can fund an account with $100k or more, Admiral Fund can utilize a separate "industrial" platform that has ample space for new accounts, such that they do not foresee having to close to new accounts of $100k or larger in the foreseeable future. For your information, the information we released previously about Admiral Fund is presented below. The Admiral Fund utilizes a strategy unlike our other accounts. It does not depend on predicting market direction, but uses complementary currency pairs to create an artificial hedge. When one pair is going up, another is going down -- but with an overall buy-low / sell-high approach that targets a net profit, as it adjusts position sizes according to market movement much like "carry traders" do. In addition, like "carry traders", currency pairs are traded such that the combined Swap interest is always positive -- so a portion of profits comes from the daily interest paid on underlying positions held. This strategy began trading in privately managed accounts in October of 2006. The Admiral Fund opened to non-private investors on March 21 and is now available to you. See the trade records for yourself -- they are posted on the website, along with a more complete description and sign up information -- www.BestForexManagedAccounts.com/Admiral_Account . We believe that the Admiral Account represents a rare and excellent opportunity to diversify your investments.
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ForexGump at Jul, 24 '07 01:46
Below is a post that I already posted on http://www.hyipdiscussion.com/hyip-programs-invest... Thought I might also post it here: http://bestforexmanagedaccounts.com/ (managed by Mark Shafer from Texas) contains nearly the same information as www.Managed-Forex-Accounts.info (managed by Juergen Bappert from Germany). I don’t know what is the relationship between Shafer and Bappert. Do they work together? Or does one copy the other? Or is the same person with two different aliases? Anyway I have been subscribed to Bappert’s newsletter since mid 2005. You will find below a list of managed account that have been listed on Bappert web site at one point or another since 2005: Strategy 3 Strategy Mercury FX Flexi FX Growth Account FX Leverage Fro Quantum Account EUROGrowth Dynamic fund Quantum fund FX Advantage FX Synergy FX Excel FX 24/5 Account FortuneFX Impressive list! What happened to all these managed accounts??? Why did Bappert remove them from www.Managed-Forex-Accounts.info? Not to sure but I guess that these MA all went down and investors probably had their accounts completely wiped out. I strongly suspect that Bappert and Shafer are only interested in getting referral fees. They only list MA that have a referral program and they don’t care about the skills of the trader, his strategy, his risk management policy etc… This also shows that investing blindly in forex managed accounts will make you loose money about as fast as investing in HYIPs. Maybe you can make money by investing in carefully selected MA but as far as I am concerned, I am not yet convinced. If you want to invest in forex MA, here is what I would suggest: 1) Short list a dozen or so MA in which you would want to invest. 2) Do nothing for the next 12 months 3) Then look what happened to the MA you shortlisted. If half are gone, it means you are not very good at selecting MA and you’d better keep away from forex. If on the other hand, they are still there and produced a brilliant return then maybe you can consider investing in MAs. Forex is not going to disappear anytime soon (maybe in a very distant future, if all the nations of the world decide to follow the European nations and adopt a worldwide single currency; we will probably be all dead or very old when it happens…). If forex is really a brilliant opportunity, it will still be there in 2008 so there is no reason why you should rush and invest now. Better watch carefully for a year or so before dipping in.
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clifton at Jul, 24 '07 02:19
Thanks for the very good input, ForexGump. I can assume that investing in a managed account with 3 or more years of trading history is relatively safe. Few of the accounts listed have such history, but it's important to check if it is for real. About your first question, I also found out www.Managed-Forex-Accounts.info when doing this review and discovered one is affiliate to the other. So nothing phishy in that, but you are right that both offer exactly the same accounts.
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ForexGump at Jul, 24 '07 05:45
Yes Tony, I agree that investing in a MA with past performance of several years with constistent returns appears pretty safe. For example Carvit has a excellent track record dating back to 2002 and the track record is confirmed by the broker. It uses Dukascopy as broker and Dukascopy has an excellent rating on forexbastards.com unlike FXCM (FXCM is used by many low minimum MAs). I was about to forget the self imposed 1-year moratorium suggested in my previous post and throw 10k into Carvit. I went again to http://bestforexmanagedaccounts.com/CARVIT.html and here is what I saw: "NOTE: On July 21 we saw an open trade drawdown of -45% of total account since the beginning of the month. This is unprecented and we believe urges your careful consideration prior to opening an account!" Sure one can argue that -45% on a MA that cumulated 18000% over 5 years is not the end of the world etc... Still, it seems to me that something is wrong in their risk management policy...
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clifton at Jul, 24 '07 06:01
Yes, ForexGump, I also saw that -45% and wondered how it's possible. My first thought was the past ROI is fake, but as you say it is not. I'll be very interested to see how will Carvit develop further.
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Stefan at Aug, 01 '07 12:36
Hi Clifton, Can you pls. advise on the type of conditions that i can stipulate in a 'Power of Attorney' contract in order to protect my funds & ensure returns in a FX Managed A/C ? For example : 1. Protection of funds, 'trader' is not willing to give any protection but mentions which which broker he uses, therefore can I enforce a condition to guarantee my funds 2. Type of broker used i.e 'trader' discloses which broker he uses, change of broker without my consent - BREACH ?! 3. Login permission to view results 'first hand', no login provided or login changed w/o permission - BREACH ?! 3. Commission/Fees, no results, no fees but still get charged - BREACH ?! 4. Does the 'Trader' have to be registered with an 'external body' to trade funds, i.e the event of BREACH of CONTRACT, who do i take action against ? 5. Power to withdraw funds with or without notice, if so, how much notice & any 'exit' fees ?! 6. Negative results in a trading month, is the loss incurred borne by me or the 'trader' ?! Any other 'clause' are most welcome ! Stef.
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Tyrone Houston at Nov, 05 '07 21:36
LATEST UPDATE Dear Investor, Welcome to our Update Newsletter dated November 2, 2007. Here we feature Account Program performance summaries and announce new Accounts we have found available. ITEMS: Falcon -- Incredible 100 days no losses, October in at +12.6% Zurich-1 -- Steady, solid October +7.4% and now at +49.2% last 7 months Bull Trading -- October closed trades +17.0% but drawdown grows Carvit -- Inched along with slight profit in October, over 78% last 10 months Millennium -- Due diligence is complete so watch for announcement soon! 1) FALCON -- ON FIRE! This account is mounting an exceptional recent trading history. The trader opens 2-3 positions in different currencies when he trades, and closes this trade set as a group when he exits. There have been ZERO LOSING TRADE SETS in the last 100 DAYS! This is an even more noteworthy achievement given the extreme volatility of world financial markets the last 3 months. His monthly average NET return over the last 16 months is 16.1%. Investment opportunities like this are quite rare -- and it gets even better. We have permission for a limited number of $10,000 minimum accounts (normal is $20,000, going to $30,000 in 2008). At present there are still over 20 available, however please note they are first-come, first-served. October performance was +12.6% (gross). Trader is a former technical and fundamental analysis mentor, 6 years trading Forex, Series 3 licensed. This one is a must see! 2) ZURICH-1 -- This is the finest account we have seen for the slightly more conservative investor, and for diversification. Trader has 15 years asset management experience, manages nearly $10M, minimizes market exposure, targets high probability trades for high win rates -- all with top quality risk management. If you are looking for a pro, this is him. Current $10,000 minimum is introductory. October gross return +7.37%. This one is our favorite "if you pick 2" for the second account to open, plus it features the LOWEST performance fee of all accounts we list, so you keep the highest proportion of your profits. Performance for the last 7 months is just under 50% gross. Accounts are at Finex, fine Swiss brokerage now merged with a German bank listed on the German stock exchange for extra security for your funds. 3) BULL TRADING -- A fine performance in October of closed trades with a gross of +17.0% is currently eclipsed by a record high current open trade drawdown above 43% of account equity. In the last month we have seen Oscar reach new high levels of open trade drawdown, never before having been above 35%. So we are watching this one closely and would like to see that drawdown (that has been lasting for months now) get dealt with. Clients currently with Bull Trading will have the chance to make a decision about continuing with this account, in that it looks likely that all accounts will eventually be moved to Finex (see comments above). At the least, all NEW accounts are being opened there as of right now. Yearly gross performance for 2007 after subtracting the current drawdown is over +79% which is still very nice for 10 months. 4) CARVIT FINANCIAL -- This past month we saw Carvit ride the waves of the euro, finally ending up just barely positive at +0.01% gross for the full month of October. That puts their gross performance at over 78% for 2007, which is sure a lot different than most investments. We are looking forward to a strong finish of the year. 5) MILLENNIUM -- Coming Soon! We have completed our due diligence with this account and are making every effort to announce it this month. Watch for details! Minimum is $10,000. It looks like another fine alternative to add to the accounts we already list, excellent for diversifying.
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James at Nov, 27 '07 23:14
When will you have more info on Millennium... Thank you, James
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salah aldughaither at Jan, 02 '08 16:25
Please advice me how to receive information about the admiral fund. i have tried to access the link you have posted in your message(www.BestForexManagedAccounts.com/Admiral_Account) but to no success. Thanks
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Tyrone Houston at Jan, 02 '08 17:07
The Admiral Account is not accepting any new members because it's filled to capacity. Go to www.bestforexmanagedaccounts.com to see what accounts are available.
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salah aldughaither at Jan, 02 '08 17:59
Thank you for your response. In the information provided it stated that admiral fund will consider special account for clients willing to invest $100,000. is this accurate or the fund is not accepting any new member as you stated in your response.
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Managed Forex Accounts at Jul, 28 '09 07:23
I’m looking for people, who want to invest money in Managed Forex Accounts: you are the owner of your account as it's registered to your name you can close your account and withdraw money from it any time without notifying me Profit - 30/70
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