Pharaoh
Brigadier General
- Messages
- 20,310
So what company is legit and people should join ?
First, avoid any company with obvious signs of being a Ponzi scheme.
Second, make sure you've got at least a general understanding of trading and risk management. Otherwise, how can you look at a trading statement and understand if what's shown is realistic and the risks taken in trading are low enough to not put you in the path of an impending margin call?
Third, this article should help you to perform due diligence in any quest to find a legitimate managed forex investment:
How Not To Lose All Your Money With A Managed Forex Account
Fourth, if you lack the time or capability to perform due diligence, find an accountant or other licensed financial professional to assist you.
Fifth, the investment needs to be transparent. You should know your balance and equity at all times. Monitor your account closely and be prepared to shut it down if the manager shows any signs of violating the risk or drawdown parameters the two of you agreed upon.