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Forex Managed Accounts? No, but Better with Forex AutoSignals!

Forex Brokers, Forex IB and Forex rebates

A little secret about Forex managed accounts

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Most Forex managed accounts service providers and Forex signal providers are also IBs (Introducing Broker) of their preferred Forex brokers, It means those Forex managers or signal providers earn rebates from their Forex brokers by just placing trades to their clients accounts, regardless their trading results.

I stop referring clients to Forex brokers to avoid conflict of interests and no longer earn cash rebates from placing trades to my clients accounst. However, you, as my client, should earn these rebates yourself by finding a Forex broker or a Forex IB who offer cash rebates for your Forex trading. You can easily find a Forex broker or IB who offer 0.2 to 1.2 pip cash rebate on every lot traded by google "forex rebates" or similar keywords.

Important Notes: You must understand the higher the rebate, the high the spread. You may want to trade with a low spread Forex broker to maximize your total returns.

How much your cash back rebates can be trading my signals

With Forex rebates, you can earn addition money from trading my signals. Below is an example of how much cash you can earn by trading my signals:

I have traded more than 1,270 lots in my first tow money trading, starting with $50K. If you can find a broker or IB who offer you 0.7 pip per lot traded. You should earn an addition income of $8,890 (1,270 lots x 0.7 pip x $10/pip) which is more than 17% of your initial investment by just following my signals.

The rebates can be compounded as well as your account growth. If I keep trading the same as what I have done in my first 2 month, your rebates will be 17% on your new balance (in the above case, it will be $17,000 or more from $100,000 which is your new account balance.

Please check here for more about how cash rebates can improve your ROI.

Forex brokers you need to avoid trading with

You must choose Metatrader 4 trading platform with 3 pips or less spread for EURUSD or 4 pips or less for GBPUSD.

To produce similar results as my slave account which is with IBFX, you should choose a MT4 broker who allows you to set your order 1 pip or less differ from market price. To my best knowledge so far, you should avoid trading with the following brokers:

Tadewulfx: 5 pips from market price.
HotForex: 3 pips from market price.
Please let me know what broker needs to be avoided trading my signals.

Final words about choosing the right Forex broker

Per my trading experiences, non broker is perfect and I don't and can't recommend any one for you. However, here are somethings you may want to consider when you choose your Forex broker:
  • About slippages: My signal account is with Forex.com demo with 2-3 pips spread on EURUSD and the slave account for my performance is with IBFX for 2+ pips spread on EURUSE. I also use a very small account with oanda as a signal receiving or slave account for the purpose of comparing order execution. Please sign up to get access to the Oanda live account.
  • Rebates or no rebates: Some brokers, such as ECN or STP brokers offer no rebates but with tighter spreads and no requotes while other brokers charge higher spreads and offer rebates to their IBs or clients. Trading with a rebate broker can end you up with profits even your account is even or under. Trading with a low spread broker may offer higher or faster growth for your account.
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Please understand that slippages and order executions are something I have no control. You must accept them as part of my services. However, you will only need to pay your performance fee when I produce 100% net new profit for your account. You must contact your broker and metatrader247 for any tech issues, such as missing trades, slippages, order executions and account set up.