if i loss they will gain?

[alzahif]

helo
i want to know how the acc manager gain if he made me loss my funds when i follow his wrong advice to trade??

as i undeerstand they earn money from our opening deals ,,, and if we loss and acc closed he wil not gain

???

 

[Pharaoh]

That depends on a few factors.

If the manager works for the brokerage, there are some brokers which are bucket shops. They don't pass trades on to the real market. This means that when you lose, the broker wins.

Another thing that can happen is that many account managers insist that you open an account using the account manager's IB link. This means that the account manager collects a percent of the spread and/or commission on each and every trade, win or lose. The biggest problem with this arrangement is that it can tempt the manager to trade excessively so that getting his IB commissions overrides any priority of getting profit for you.

Read this for more info:

https://www.forexpeacearmy.com/fore...ose-all-your-money-managed-forex-account.html

 

[f-man]

You definitely need to know who your account manager is and how he is earning his commission. If he is working for the broker, do not use his services. Choose managers with real performance history for at least a year and with good reviews. It's your money! You have to be sure how to invest it.

 

[alzahif]

u r serious or again vague ... i loss hope ... i really want compensate my big loss what u provide?

 

[khanderao]

Just you have to identify the problem by some techniques .You actually essential info who might be your current profile manager and even the best way they are incomes his / her money. In cases where she's discussing this specialist, really don't take its services. Opt for administrators with the help of real capabilities track record just for as a minimum one year based on excellent assessments. It will be your hard earned cash !

 

[Pharaoh]

If your account manager is 100% independent of the broker (NOT an employee and NOT and IB getting a cut of the spread on all trades), then he gets nothing if he loses your money.

Of course, an evil account manager could get 2 clients and place high leverage trades in opposite directions. One client loses big. The other makes money and pays the manager per the terms of the LPOA.

Speaking of which, did you sign an LPOA with the account manager?

 

[FringFX]

u r serious or again vague ... i loss hope ... i really want compensate my big loss what u provide?

it's not really vague. it's just that it might take time for you to understand what has been explained.

as long as your acc. manager trades for you, he may be earning through all the trades, regardless if each trade wins or loses. He does gain anything only when your account has been closed, either because you pulled your funds out or the account got wiped out

 

[Red Herring]

If your account manager is 100% independent of the broker (NOT an employee and NOT and IB getting a cut of the spread on all trades), then he gets nothing if he loses your money.

Of course, an evil account manager could get 2 clients and place high leverage trades in opposite directions. One client loses big. The other makes money and pays the manager per the terms of the LPOA.

Speaking of which, did you sign an LPOA with the account manager?

Why a manager is needed? Is it for the purpose that the trader have not time to do the trade by himself!

 

[Pharaoh]

Why a manager is needed? Is it for the purpose that the trader have not time to do the trade by himself!

Some people want to hire an expert to do the trading for them. The problem is that for every decent account manager, there are 999 self-proclaimed experts waiting to do massive damage to your account balance.

 

[Red Herring]

Some people want to hire an expert to do the trading for them. The problem is that for every decent account manager, there are 999 self-proclaimed experts waiting to do massive damage to your account balance.

I hope those people hiring expert are reading this thread!!