My perfect(o) managed account

biggyboy · December 28, 2011, 5:35pm

hi everyone!

I read the forum lots of times and I saw that there are only a few posts about the managed account. In my view there are only a little dependable financial service providers in the market but there are even less the shared experience. I would like to share my personal experiences about a manager who’s services are maybe different from the usual.

The details of my managed account:

Safety:
Like in every managed account the investor has his money on his name but in this case its in the Dukascopy Bank. (Swiss bank= safety) This account is a real swiss bank account with own IBAN number. Not like in other managed account this has capital protection( 50% or 70%). Moreover a Swiss bank guarantees the capital protection!! Every trade has Stop Loss.

Performance:
They are trading since 2008. First only for private investors and from 2011 they opened to the retail investors too. The performance chart also show the maximal drawdown at each months. I have an account since 30. sept. 2011. I posted below the summary of my account.

Transparency:
The account is available in 24/7. The opened trades can always seen in real time so you can exactly know what kind of transactions happen in the account and how much the investment’s exactly value.

Fees:
only have to pay performance fee if there is profit in the account. The performance fee is 50%. No other fees. No win- no fee!The calculation based on the HWM.

Other details:
The minimum initial deposit is only 1000USD or equivalent other currency. The currency of the investment is optional: eur, usd, gbp, aud, cad, chf, jpy . They trade via PAMM system.

Finally If I’m not satisfied with my investment, I can close it at anytime, it’s need only two click.

My personal experience:
In my opinion this manager has better service than the others because the capital protection with bank guarantee, full transparency, no win - no fee, and has a good performance. The account opening is not so easy. They ask lot of information about my past and present job and the contract must be sent with postal. The copies of the documents must be verified by the notary. But the customer service is very helpful. After I opened my account, my “personal manager” called me from Dukascopy Bank and let me know the necessary information. My investment started at 30.09.2011 The total net result is +7,4% at 28.11.2011.

If somebody need it, I can post my full account statement.

The manager is the Perfecto FX

If somebody has exprerience with them, please share it.

This is my account summary, I blanked my personal details.

dirtysnips · December 28, 2011, 8:29pm

LOL talk about advertising on forums :30:

biggyboy · December 29, 2011, 1:09am

I hope that it’s not advertising. Because I didn’t get any referral bonus from that:) I saw a similar post about another managed account within this forum

topof1985 · December 29, 2011, 2:35am

biggest drawdown?

modernmystery · December 29, 2011, 7:58am

Thanks for the link to one of my future rivals Dukascopy is already on my short list for retail managed fund venue so I’m familiar with some of the benefits of partnering with them.

Four questions I’d like to ask you to kindly consider are:

Isn’t 50% performance fee too aggressive for an investor? I’ve toyed with 30% and with 50% but was settling at the 40% mark.
Are live trades visible in real time from your account screens as far as entry prices, current p/l and exit prices? Can you see stops?
Can you tell how much there is in the entire fund or what percentage of the fund is made up by your account?
Is the fund traded discretionally via manual human entries or is it algorithmic and computer driven?

Many thanks

biggyboy · December 30, 2011, 2:43am

since I start my investment the biggest drawdown was 10%

biggyboy · December 30, 2011, 3:37am

The performance fee is higher than the average but in my opinion it doesnt matter. The one and only important thing is how much profit remain in my account,
If somebody offered me: do you want 2 million dollar? -Yes, of course! - But you have to give back 1 million. do you still want that? - Yes:)
Yes, All live (and all closed) trade visible in real time. I can check the following details: ID, status (opened or closed), instrument, amount, direction, open price, current price, P&L, open date, current date.
My investment started with 40.000 EUR, the total net result is +7,41%
I dont know what is the exactly trading method. They use self developed software with non stop human control.

biggyboy · December 30, 2011, 3:54am

I attached below my statement with the initial deposit.

modernmystery · January 1, 2012, 5:08pm

Thanks dude, very helpful

mister4x · January 30, 2012, 5:26am

I’ve checked their page, and in 2011 made only 33% profit, from which you’ll get 16,5%. It doesn’t seem the best one, but at least the results are back from 2008

afwilcox · January 30, 2012, 10:33am

@biggyboy…I have the same question. Are you targeting 16.5% annual return? What attracted you to use their service over say AcmeHedge?

biggyboy · February 1, 2012, 4:19am

The profit they show on their website is the net profit already - so 33% profit after the performance fee is deducted. I have put my investments into a Premium account which made 52.61% profit in 2011.

mister4x · February 1, 2012, 4:37am

Oh yes, I see. That sounds much better. But if you check the monthly performance, it doesn’t seem very stable. Ie almost the half of the 2011’s performance (on basic) comes from august, and there were 3 negative months. 2010 was much more stable (on premium also). But it might take place in the portfolio if you are thinking in longer term.
When did you invest and what’s your profit since then?

biggyboy · February 1, 2012, 4:53am

My target is a +40% annual return.

The first and most important thing I find they are better at compared to other services is that my money is in a Swiss bank with a capital protection guaranteed by the Swiss bank’s contract. This affects the return/risk ratio as well. Based on my own experience if I invest 40.000 Euros into a bank where there is no capital protection or it is not strong enough, I am risking the whole amount. If I win 50% in one year, the ratio is: 100% risk to proportion with 50% profits. (40000 EUR risk/20000 EUR win)

But if I am sure that only half of my capital is risked, the ratio will be: 50% risk/50% profit. (20000 risk / 20000 win)

This shows that compared to the amount I am risking I can win a much higher profit. The same amount of profit but half the risk. It has better return/risk ratio.

biggyboy · February 1, 2012, 9:49pm

My investment started at 30.09.2011, Today: +15%

thekillerpt · March 28, 2012, 5:42am

biggyboy,

can you update this pls ?

is 40k the minimum to open an account?

biggyboy · March 29, 2012, 3:09am

The minimum is 1K USD or equivalent other currency (EUR, GBP, JPY, CHF, CAD, AUD)

I updated my statement. Started at 30.09.2011, Today: +17,74%

bigrednoise · March 29, 2012, 4:27am

Hi biggyboy, thanks for the first hand info a lot! So your investment with Perfecto FX is now 6 months old, I am happy to meet somebody with some experience with this company!

How long do you plan to have your investment running with them? Have you tried other services as well? Would you recommend any over this one?

Have you ever deactivated the account since 30th September?

How about capital protection by the bank, does that actually work?

Thank you very much for your help!!

biggyboy · May 4, 2012, 4:34am

I plan to run minimum 3 years,but maybe I will withdraw the profit after 1-1,5 year.

No, I didn’t deactivate the account because it wasnt necessary.

The capital protection work, it’s ensured by the Bank in contract.

ki1ian · September 28, 2012, 12:10pm

Biggyboy,

What’s your performance and max drawdown to date? I’m shopping around for another dukascopy managed account after a disappointing -1% return in 9 months with another EA.