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Does anyone have any experience in dealing with the firm trading as Active Brokers? NB They charge an annual fee of $4k for trading on a minimum client portfolio of $10K.
Does anyone have any experience in dealing with the firm trading as Active Brokers? NB They charge an annual fee of $4k for trading on a minimum client portfolio of $10K.
Does anyone have any experience in dealing with the firm trading as Active Brokers? NB They charge an annual fee of $4k for trading on a minimum client portfolio of $10K.
So you give them 10k for them to generate a -40% return on your investment...
You are trusting them to generate more than +40% return to break even.
+40% returns... gotta lookup the number of companies that can do this.
More than likely you're 10k is going to be a big fat 0 by the time they are done with you. It's going to be eaten away by all the fees.
Doesn't sound too bad if you are investing 100k with them, but really? 4k a year is a bit excessive don't ya think?
So you give them 10k for them to generate a -40% return on your investment...
You are trusting them to generate more than +40% return to break even.
+40% returns... gotta lookup the number of companies that can do this.
More than likely you're 10k is going to be a big fat 0 by the time they are done with you. It's going to be eaten away by all the fees.
Doesn't sound too bad if you are investing 100k with them, but really? 4k a year is a bit excessive don't ya think?
I was offered a deal that is only for the first week of July of 3 years 'membership' for $4900. It wasn't really a hard sell I'll give them that. Another of their stats was: if you had invested with them for the past 4 or 5 years (I forget which) your $10,000 would have been $59,000.
Ask them for a full copy of all the trades to be sent to you so you can audit them and have them validated by the brokers whom they placed them with. Ask them to also be sent to you in paper format with a signature validating their authenticity and affirming that no trades have been omitted from their model system! Tell them you will have them audited. As you may be putting millions into it.
I humored them by allowing them to sell me their spin and found it amusing to hear them claiming that they had not been trading the ASX because it would be stupid given the volatility so they had skillfully been trading foreign exchange, they then proceeded to show me a couple of stellar trades they had recently made on the ASX!!!:flush:
I'm unable to verify the bona fides of the business. Also bear in mind the inherent risk of trading in markets which one does not understand using strategies which are also not fully undestood.
This company is based at the Gold Coast and for an annual fee of $3900 will manage an investment account of at least $15,000.
Seems very expensive though never heard of them. Make sure you get documented evidence of their claimed performance...and the risks of total loss of funds. Also make sure they are actually licensed.
Although with you being a first time poster I assume it's a SPAM post.
Seems very expensive though never heard of them. Make sure you get documented evidence of their claimed performance...and the risks of total loss of funds. Also make sure they are actually licensed.
Although with you being a first time poster I assume it's a SPAM post.
Hi Ralph. Not seeking any comment but have found them on the ASIC site. Active Traders P/L is an authorised representative (AFSL Rep Number 417381) of AFS Licence 323182 (Alion P/L). I think that means they meet the rego requirements when they register and it doesn't give any confort re the quality and durability of the business....Gemster550
I came across this post today after doing a search specifically for experience of Active Traders. I got a call from someone from Active Traders today, probably via a Super Fund I just exited. Anyway I got a run down over the phone while looking through various aspects of their website. You can login as a guest and look at their stuff. It all sounded OK sort of - well of course they only tell you the good bits but they also have stats about their operation ie, percentages of profits and losses. They notify you with recommendations and you're free to say yes or no to the trades as they come up. I just thought the $4000 was a bit steep. Then again I wonder if I would trade for someone for much less for a year. I was offered a deal that is only for the first week of July of 3 years 'membership' for $4900. It wasn't really a hard sell I'll give them that. Another of their stats was: if you had invested with them for the past 4 or 5 years (I forget which) your $10,000 would have been $59,000.
I came across this post today after doing a search specifically for experience of Active Traders. I got a call from someone from Active Traders today, probably via a Super Fund I just exited. Anyway I got a run down over the phone while looking through various aspects of their website. You can login as a guest and look at their stuff. It all sounded OK sort of - well of course they only tell you the good bits but they also have stats about their operation ie, percentages of profits and losses. They notify you with recommendations and you're free to say yes or no to the trades as they come up. I just thought the $4000 was a bit steep. Then again I wonder if I would trade for someone for much less for a year. I was offered a deal that is only for the first week of July of 3 years 'membership' for $4900. It wasn't really a hard sell I'll give them that. Another of their stats was: if you had invested with them for the past 4 or 5 years (I forget which) your $10,000 would have been $59,000.
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