I haven't learned enough to be confident trading by myself, so I decided to use a managed account service. These are the questions that I have been collecting to ask to every manager that find interesting. I hope they will be useful to someone else and maybe you can help me to complement the list as you have much more knowledge about this bussiness than me.
- What is the minimum amount of investment?
- What is the minimum time of contract?
- What is the average historical EFECTIVE(after fees) return?
- What are the fees that you charge? performance and management fees
- Which broker do you use?
- What is the average duration of your trades? or asked diferently, what is your prefered timeframe?
- What currency pairs do you usually trade?
- Does the managed account works under a limited power of attorney contract?
- Can I monitor the performance of the account in any time?
- How much risk (in percent of the total account) do you take per trade?
- How long have you been providing the managed account service?
- How often can I make withdraws and new investments?
- Do I have access to the total history of trades?
- What contingency plans do you have in place for unexpected events as power outages and internet connection fails?
- What is the maximum drawdown that any of your clients account have experienced?
My english is not perfect yet, feel free to correct any mistake that I may have made. please suggest additional questions if you think that I missed something.