Discontinued
no longer offers this account type.
When we did, the now DISCONTINUED FX CarniFeX Account used to give you access to the Forex market without having to become a trader yourself. You open your own account at Alpari (UK) and we managed your account by LPoA, so you have control over all deposits and withdrawals to and from your account. You are not handing your money over to some unknown entity – you are depositing your funds with a fully regulated brokerage ensuring safety of funds with live streaming account access for 100% transparency and on call daily liquidity.
Our Trading Director has designed and supervises this entirely automated approach, assisted by the prorietary CarniFeX EA. Strictly long term and mechanically systematic, its edge being gained from a process of 24 hour robotic repetition. Consisting of initial hedge that is released in increments as price action evolves, it also grid trades in the opposing direction towards the longer term mean. This results in a stoploss system that can profit in both directions while still being traded in each direction. The system is only deployed at outer edges of closely correlated currency pairs, and only with a predefined account exposure for each pair traded.
The returns objective is around 2-4% monthly with potential for more with this account. Expect constant running open positions with variable volatility limited to 30% cumulative open running positions on standard leverage accounts. All new accounts are entirely traded with stops, with a maximum 0.5% risk per trade. Maximum realized drawdown for all new accounts on account balance in any one month period is capped at 20% cumulatively or part thereof per pair traded.
You can see graphs of the results of a long running CarniFeX EA at myfxbook.
Here are ’s official posted live time managed account trading results (based on average of all accounts) for the Managed FX CarniFeX Account:
| month | year | ROI |
|---|---|---|
| September | 2009 | 1.85% |
| October | 2009 | 2.25% |
| November | 2009 | 2.65% |
| December | 2009 | 5.44% |
| January | 2010 | -1.71% |
| February | 2010 | 5.29% |
| March | 2010 | 4.7% |
| April | 2010 | 1.94% |
| MNTHL AVG | 2.80% |
Monthly average return on deposit to date: 6.49%.1
Please take time to view our Managed Account FAQ, or check our Open a Managed Account page.
Contact Us to view actual live managed account broker statement and we’ll do our best to get back to you within 24 hours.
Want to get started right away? Open a Managed Account.
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Results are calculated based on end of month balance on deposit, excluding management fee of 20% on profits only. US$10,000 minimum and $100 trading software and setup fee required to open a
Managed FX CarniFeX Account. Results represent average return achieved across all managed accounts at FXDD and Alpari UK. ↩