Milbay Finance Managed And Pooled Forex Funds

January 20, 2008

I don’t remember where exactly I found Milbay Finance, but I think some of this blog readers were also considering it. Milbay Finance is Urugway based company which offers forex trading thru North Finance and also passive investment schemes. As usual I’ll bother you with the latter offers only:

Managed Forex Accounts

Their minimum is only $5,000, the performance fee is 33% and if you wish to open an account, you need to do it with MT4 platform based broker firm.

The performance is not earth shattering, but good and stable – 45% for 2007. Given how dramatically the more aggressive managed account services can lose your money in hours, this is a very attractive opportunity in my opinion.

Pooled Forex Fund

If $5,000 is too much for you, you can join their pooled funds whose minimum is just $1,000. The pooled funds are traded in the same way, but the performance fee is 25% only. Sounds great, but you don’t have the same control over your money like in a managed account.

I would never (never again, as I have done it in the past) invest serious money in a pooled fund managed by some strangers, but that’s just me. (Don’t know why? Check out the Scams section on HYWD, it has plenty of horror stories about such “investing”).

So ignoring the pool option, I am considering their managed account service. Right now GalleonFX and FX Street performance is so poor, so we really need something new.

And as usual, I am open to your suggestions via comments.

Recommendations

Let us send you our latest updates & Tips

Jose L. Aguilar- SharkInvestor.com Author

Being able to Invest & Trade on your own is the most amazing road to financial independence & optional retirement. I was very fortunate to have amazing mentors and read many amazing authors, I hope you enjoy my articles & books suggestions which are made with the intent to share my experiences as simple as possible.

Follow Us

By Jose L. Aguilar

Being able to Invest & Trade on your own is the most amazing road to financial independence & optional retirement. I was very fortunate to have amazing mentors and read many amazing authors, I hope you enjoy my articles & books suggestions which are made with the intent to share my experiences as simple as possible.

Related Articles

Downtrend – How to Spot it and How to Trade it

Downtrend – How to Spot it and How to Trade it

In today’s volatile world, financial security is becoming more and more of a prominent issue for all of us. We need to figure out how to invest out money so as to milk the good times for all they are worth and to ride out the bad times till they are over. We also need...

read more
What Commodities To Invest In In 2017

What Commodities To Invest In In 2017

2017 has indeed proven to be a turbulent year and many investors are wondering what the markets may next have in store. Whether referring to the relatively fragile state of the Eurozone, the Brexit confirmation or the decidedly dubious track record of the Trump...

read more
Will it be good to bet your real estate money

Will it be good to bet your real estate money

Savvy investors with money to spare and a particular interest in real estate may have issues investing their spare cash. This year, prices for high-end properties have gone up. The solution might be focusing on private property debt funds; they might take the place of...

read more

5 Comments

  1. Allen Taylor

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Allen Taylor

    Reply
  2. admin

    Thanks Allen. Your blog is quite interesting too

    Reply
  3. JoseLeon

    Perhaps you read it in my Blog 😉

    I work as Support and Customer Service in Milbay Finance. We post the forex statement for all investors in our private Forum and I have read-only access to the Forex account in every moment (Pooled Funds) to follow the trading of Luciano.

    Even some friends from my real job are investing with us.

    We stopped receiving deposits from May 2006 until the end of November 2006 and we legalized in Uruguay our program as a Financial Investment Corporation. Now we only accept investors from current investors or only matured investors, those who know what´s a real profit and not a ponzi profit, Luciano trades in a very conservative way to protect the investor´s funds. Less profit but safer.

    We also have an office working in Uruguay to fill the Accounting Book because we must receive audits from the Uruguay´s Government.

    Reply
  4. admin

    Hey Jose, having you involved in that certainly makes me feel more comfortable. I’ll most probably be in touch for setting up a MA very shortly

    Reply
  5. JoseLeon

    Thanks for your confidence 🙂

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *