More than 1 year has passed since I have posted my review on this website and I wanted to let you all know, why I have been absent for such a long time.
After I have opened a new account and funded it with 350€, I traded it down to 250€ (see review) and later back to 330€. Together with another 50€ that I funded each month, I was at 400€.
It was then, when I got a very interesting offer that I could not decline. I had to work a lot and from that point on, I was not able to trade my $100k challenge account the way I traded it before. It just wasn’t worth it, sitting in front of the charts each and every day just to make 50€ per month. Which is a great result in % gain – but not in absolut return valued in Euros.
So I had to stop the project until I would have more time. And this is now!
But to make things more interesting for me, I won’t trade my 400€ account any longer. I have opened a new account and funded with 2.500€. I will add funds from time to time, until my account has a total net value of 10.000 €. I want to trade for a living and with a 400€ account, that won’t be possible. Even with a 10.000€ account I will probably not make enough cash for a living. But at least a 5% win is something valuable compared to 5% on a 400€ account.
My new broker
The broker of my choice is FXPRIMUS, a Mauritius based Forex & CFD broker under US management. Regulated by the FSC, they offer true ECN accounts, a 1:500 leverage and hedging (which is not important for my, but just to let you know).
What makes FXPRIMUS special is the fact that they have contracted a trustee (Turnstone Group) that controls money flow of their customers funds. You have even the choice to have all your deposits be managed by that trustee ($50 one time fee).
After you apply for such a trust account, the trustee transfers your money onto their account, held at renowned Barclays Bank. From that point on, you can be sure that FXPRIMUS does not trade against you, because they would never be able to get your money. FXPRIMUS ensures, that they don’t play against their customers. With offering trust accounts, you can be sure that they are not able to do so.
Such a trust account is uncommon for retail brokers. Some brokers offer such a service only to institutional customers with accounts sized $250.000 and more.
I have personaly talked to the president of FXPRIMUS and he and his team made a very good impression on me. FXPRIMUS is currently not very well know in US and Europa, but I hope that this will change soon.
If you want to know more about FXPRIMUS, visit their website:
As soon as my account has been funded, I will start trading again and let you know about my trades. Maybe not as detailed as before, because my time is still very limited… but definitely more than during the last year