Thread: Managed Forex accounts-good results.

Hi Scotty :)

I have question.
When the retailplatform is up, am I right to say, sign up fee of 495 USD and 2500 USD invested?

I and marek had a little talk with Warren Cavanagh not long ago and Im absolutely going to invest some time soon, not sure when but soon.

Just need to know if the 2500 USD is including 495 or not :)

Best regards
Jon

The 495 is the fee to become an Agent..

Agents right now get to test drive the system with a Funded Forex Account of $500.00

They have 2 Brokerage Accounts you can open at this time
1. MB Trading
2. InterbankFX

So you can get involved right now for
495 + 500 = $995
495 + 1000= $1495 ( 2 Funded Accounts with 500 in each )

Clients only accounts for a short time can also participate @ 500.00 but that funding price will increase to $2500 soon.

Richard

Originally Posted by datek

So you can get involved right now for
495 + 500 = $995
495 + 1000= $1495 ( 2 Funded Accounts with 500 in each )
.
Richard

Hello Richard, if i am not mistaking i think that is:

495+650 if your gona trade just with one broker.
495 + 1000= $1495 ( 2 Funded Accounts with 500 in each )

Regards
admin

Originally Posted by anonymus

Hi Scotty :)

I have question.
When the retailplatform is up, am I right to say, sign up fee of 495 USD and 2500 USD invested?

I and marek had a little talk with Warren Cavanagh not long ago and Im absolutely going to invest some time soon, not sure when but soon.

Just need to know if the 2500 USD is including 495 or not :)

Best regards
Jon

Hi Jon,

That's not how I understood it...

Right now the $495 fee is only to join FusionATS as an agent but a time will come in the not too distant future when the "Agent" opportunity is gone for good.

In my correspondence with Jason Sincyr, I relayed some concerns about having any sort of "agent or referral program" attached to their service. If their intention is to attract sophisticated investors, I know from experience that the clients I deal with will be immediately turned off by anything with even a hint of MLM.

I told Jason that I was not even mentioning this program to my client base until the retail platform is ready to go as it will be focused solely on the trading capabilities of FusionATS...no mention of an "agent opportunity or referral fees".

From my understanding, when the retail version launches there will be a minimum account requirement of $2500 and a small account processing fee ( $40 if I recall ) but since the retail version is not intended for recruiting agents, the agent fee ( currently $495 but likely to increase ) won't even be an option.

I was also told that they WILL cap the number agents they take on in the program which is great news in my opinion. I don't know what that number will be but history shows that each time they re-open the doors for new agents, then price pretty much doubles ( started at $100, went to $250 if I recall, and now at $495 ).

So to recap...

Right now the cost is $495 to join FusionATS as an agent. All agents will have the opportunity to open a brokerage account with a minimum of $500 in order to let the traders "prove themselves" to us before we begin to market this to our respective prospects.

In the near future FusionATS will release a "retail only" platform which will focus solely on the trading side with no mention of an "agent opportunity". At that point clients will have to open an account with a minimum of $2500 and pay a small account opening fee.

The number of agents WILL eventually be capped but the cost to become an agent will continue to increase as we approach the maximum ( still not sure what that number is ).

My plan is to be patient with this opportunity...wait for the retail platform to come out and get at least a few months of trading history under my belt before sharing this with my clients. I will only approach those people with a high tolerance for risk and even then the amounts into the program should be limited to the "speculative" portion of their portfolios.

If the program delivers the results that they say they're capable of, then the potential residual income for everyone involved as an agent will be enormous. I do however say this with a grain of salt as I have seen many opportunities in the past fail to live up to their stated claims. FusionATS will have to prove itself to me before I stake my reputation and suggest this to my clients, but everything I have seen up to now leaves me very optomistic that they can and will follow through.

If they fail, then all I've lost is my agent fee and the amount in the broker account but if they are the real deal then everyone involved ( agent and client ) stands to benefit tremendously. Certainly worth the risk in my mind.

Take care,

scotty

Originally Posted by scotty

If the program delivers the results that they say they're capable of, then the potential residual income for everyone involved as an agent will be enormous. I do however say this with a grain of salt as I have seen many opportunities in the past fail to live up to their stated claims. FusionATS will have to prove itself to me before I stake my reputation and suggest this to my clients, but everything I have seen up to now leaves me very optomistic that they can and will follow through.

That is why i will myself go in and test their system and trader...

Originally Posted by scotty

If they fail, then all I've lost is my agent fee and the amount in the broker account but if they are the real deal then everyone involved ( agent and client ) stands to benefit tremendously. Certainly worth the risk in my mind.

Take care,

scotty

Hi Scotty... bolded in red is where I fear...is what "most" will be taking a two step backwards to recap whatever someone says out there, "If they fail..." without a tone of complete confidence at how this actually "should have been" set up and not instead, affecting participants like you or Jon or Marek or many more, with no clear written paper to prove the path taken... and to allow guesswork to rule decisions when and starting off at figures ....

Even if $2500 is affordable for you or the risk taken as worthy... hmm

Beam me up Scotty on this...!-

Risk.., risk..RISKsss...this frightens anyone esp. on online activity with faces not seen or hands not shaken ... Risky by all means whatever the promises and figures alleged to be.

Nothing against the way it wishes to be presented here.

I'm just airing my objectivity from my perspective ...

Originally Posted by YogiBrood

Hi Scotty... bolded in red is where I fear...is what "most" will be taking a two step backwards to recap whatever someone says out there, "If they fail..." without a tone of complete confidence at how this actually "should have been" set up and not instead, affecting participants like you or Jon or Marek or many more, with no clear written paper to prove the path taken... and to allow guesswork to rule decisions when and starting off at figures ....

Even if $2500 is affordable for you or the risk taken as worthy... hmm

Beam me up Scotty on this...!-

Risk.., risk..RISKsss...this frightens anyone esp. on online activity with faces not seen or hands not shaken ... Risky by all means whatever the promises and figures alleged to be.

Nothing against the way it wishes to be presented here.

I'm just airing my objectivity from my perspective ...

I agree with what you're saying Yogi...but I also believe there is a way to define and understand the risk. What first must be established however is whether you're approcahing this opporortunity from the perspective of an agent ( you wish to introduce clients to the company ) or a client ( you only wish to use service to trade your account ).

At this stage in the game I will NOT be introducing this program to any one of my clients. Not because I don't believe in the company ( I do ) but because my belief isn't enough.

I'm not going to risk the years it took for me to build goodwill and trusting relationships with my clients for the promise of "what might be". I want tangible proof...actual results from a live trading account held in my name showing at least 3 months of trading history.

The beautiful thing about this program though is that not only do they allow me to test them out by having a very low minimum account ( $500 ) but they encourage it.

Let's suppose someone is trying to sell you a car...they tell you all the wonderful features and peformance stats, they show you beautiful pictures of it and even let you take a whiff inside but they refuse to let you test drive it. Does that instill a lot of confidence in the vehicle?

Now what if instead they threw you the keys and said "try it out for a few days"...that would tell you that they believe in their product.

I see this as a very similar situation...FusionATS has a great story, everything I have seen up to this point has been spectacular but until I EXPERIENCE those results personally it's all just words. The difference between them and most of the other managed Forex plans I've seen is that they offer the "test-drive" with the low minimums. If they deliver, they will get my endorsement to my clients and I will personally add more funds.

I realize that when it comes to discussing money, everything is relative. $1000 may be pocket change to someone and may be a fortune to someone else. For me personally, the potential reward justified me risking my own capital on the "test drive". What I'm not willing to risk however, is my reputation with my clients, no matter how big the potential reward is...which is why I'm holding off on telling them until I have solid evidence and actual trading history to show them. Thankfully this structure allows me to do that.

I mentioned earlier about understanding and defining risk and this will vary by person to person but here's what went through my mind...

I had the opportunity to become an "agent" and potentially make a very nice residual income IF the company performs as advertised.

Yet, I won't promote this or even mention it to any of my clients UNTIL I have personal experience that it actually works.

There's a good chance that by the time I have my proof ( for me it's 3 months of trading history on my own live account ) the agent opportunity would be closed so I needed to make a decision whether the agent fee was worth it.

For me it was an easy decision.

If the company fails to deliver, then I know exactly what my losses will be...my agent fee ( which was a $100 when I joined ) plus the amount used to fund my broker account.

If the company follows through on its claims, then I will present this opportunity to my clients and I will take part in Fusion's very generous compensation plan. The potential benefits far outweighed the capital risk in my case.

I've gotten a couple of PM's from people looking for some advice on how to proceed and without knowing your specific situation it's really difficult to say. I would ask myself the following two questions and proceed accordingly depending on the answer...

1) First and foremost...can I afford to lose $995?

If I become an agent for this program, fund an account with the broker for a minimum of $500 and the traders with Fusion consistantly lose money during my "test period", then I certainly wouldn't promote this to anyone. The $495 agent fee would then be a waste and depending on how poorly the traders performed I could lose some or all of the $500 in my broker account.

2) If the deliver on their claims am I confident that I would be able to introduce even one client to this opportunity at some point in the future? ( remember these potential clients would be from personal contacts...mass advertising will be a violation of their TOS )

If the answer is "yes" then strongly consider becoming an agent, if the answer is "no" then spending $495 would just be a waste of money. I'd be better off just becoming a client and simply taking advantage of their trading services.

So I agree Yogi that people never like to hear the word "risk" especially in an internet environment where most of us have been burned in the past. But one advantage is that unlike most online opportunites the risks are understandable and controlled.

While it's true that the Forex markets carry a high degree of risk and volatility, I at least don't have to worry about waking up one morning and finding that a website no longer exists or trying to track down a ficticious "admin" who has disappeared with my money. The accounts with the brokers ( MB Trading Inc and/or Interbankfx ) are in my name, the traders trade them by Limited Power of Attorney but ONLY I can move money in or out.

Those that have sent me a PM, hopefully this post answers your question(s), if not shoot me another and I'll try to help.

Take care,

scotty

Hey folks,

I just came across a link to a taped conference call from May 8th where they are discussing the FusionATS agent opportunity. AudioAcrobat AudioNote

update as of 10:00pm EST May 9th... just finished listening to this call...some pretty good info however the discussion changes to a different program about 45 minutes into the call...just putting that out there to avoid any confusion.

scotty

Thanks Scotty.

Im not looking to become agent in any way, just for the investment.
Your info helped :)

Thanks mate.

This sounds too good to be true which means it is doesn't it? I don't really know anything about forex but 20-85% a month sounds impossible to me. Also I just googled FusionATS and a thread from a year ago came up on talkgold of all places so that has put me off a bit. I listened to that conference call and he was saying it was low risk; surely with the returns been advertised it is very high risk?

It sounds a bit fishy to me but at the same time I don't want to miss out so if there is any other info out there please post :)

Nick.