Get a detailed statement from his MT4. Then show it here, I will tell you if it is a risky investment.

Some investors will give, some don't. Assuming that he doesn't want to give, you ask him these 3 things:
1. How many percentage could he make a month.
2. How many percentage is his maximal drawdown.
3. Briefly describe his strategy.

Forex is a very high risk investment. Be careful.

Usually these "money managers" have 2 approaches in managing investors money.
1. They pool all the money and place it in one account.
2. They separate the accounts for each investor.

Since he didn't ask you to set up an account under your own name, I am assuming that he is putting the investors' money into one account (under his name/ his company's name). If this is the case, it is difficult for you to know if your money is injected into the account even if he shows you the account. If he has 5 million in the account, how will you know if your 500 is in there? Not possible.

That's good because he cannot withdraw your money. But he can definitely lose all your money. Judging from the way he talks (from the screenshot), I doubt his professionalism. Just my thoughts, he might be a genuine one.

Yes, you can see if your money is there.

Check this link:
http://thefxview.com/2013/08/05/difference...-pamm-accounts/

I personally will not invest until he shows me his myfxbook account or his MT4 Detailed Statement.

This post has been edited by carrer: May 30 2015, 11:57 AM

Okay, you can PM me if you don't want to put it here.

Based on this statement I cannot judge. A detailed statement has to be generated from MT4.

Looks like he is scalping (taking small profits). So, I really cannot tell you.

EDIT:

I have checked his Instagram. He probably doesn't need your money (500). If he needs your money to invest with him, something is really wrong.
He could make USD 500 in a few minutes, why would he need your 500?

This post has been edited by carrer: May 30 2015, 01:18 PM

If you are willing to risk your 500, then why not.

Try clicking on different timeframe, H1 or D1.

In Malaysia, you will not get the license easily. Unless you know 'somebody'. I have never heard of any hedge funds in Malaysia. To set up a fund, Singapore is a better place.

Then he must be an IB (Introducing Broker). He gets commissions on every trade that you make. That's how he earns.

EDIT:
Example:
http://www.fxprimus.com/en/partners/introducing-broker


This post has been edited by carrer: May 31 2015, 11:31 PM

Yes, you have to key in during the withdrawal. But before that it has to be linked. You cannot simply key in any bank account number.

Usually they will allow you to add more than one bank account. However, it's better for you to create a new savings account.

Phillip is a Singapore broker, MAS limits their leverage. That's the maximum they could give you, 5% or 1:20 leverage. But other brokers outside Singapore offer more leverage, some 1:500. So, they don't need much capital. Some brokers also offer Mini or Micro account, even smaller capital is needed.

As mentioned earlier, MAS (Monetary Authority of Singapore) regulates the brokers in Singapore. They cannot offer more than that. IG Singapore is also bound to the regulations when they operate in Singapore. But IG UK and IG Australia don't have to. They offer more leverage. For example, for EURUSD pair, 0.5% is offered, which is equivalent to 1:200 of leverage.

Source: http://www.ig.com/au/margins

Yes, it's true you will get a margin call on a 0.5% movement if you fully utilised the leverage. What else you trade besides forex?

This post has been edited by carrer: Jun 4 2015, 11:07 AM

How's your new account? Has he started trading your account?

That is very good. Update us from time to time. We might be interested to join later. Under you of course.

Sigh, I wished I were you and persuade them to tell me.

Trust fund will not die off. There are risk averse investors and also 'unsophisticated' investors who will still invest in trusts funds. I really do hope that Malaysia will legalise forex.

So far I have not come across any retail trader being charged for forex trading. But according to BNM, retail tradings with unauthorised brokers are illegal. All of the retail brokers are not in BNM's authorised list.