Frequently Asked Questions
These are a collection of questions I have been asked before and the answers I have shared. These may answer some questions you have been asking yourself. Or if you have other questions then just ask.
Key Automation Question: Is my money safe?
For connecting to the automated trading services the broker we work with is FCA regulated. They've been recognised world-wide by a number of highly respected organisations and publications and have won a variety of awards across a wide range of categories.
Key Automation Question: What is the mimimum investment?
The mimimum investment is 1000 of your chosen currency however its is optimal to start with 3000. I started with 2000.
Key Automation Question: Do I need to have prior knowledge or experience to get started?
No there is no prior knowledge needed to get started. You can get started with it and then just let it carry on. IX Global does share content around educating you about forex trading and working on your financial literacy.
Key Automation Question: Are their monthly fees?
Yes there is a monthly membership for the time you are signed up to use the automated trading services. This fee is US$180 per month. There are no other fees paid and no contractual period. Should you choose to end your relationship with IX Global the payments close at the end of the cycle. There is an additional fee to sign up to the Gold automation service
Key Automation Question: How much money will I make?
Historically R2D2 has made around 4 - 5% per month through 2020 and though IX Global can't guarantee returns their strategy to continuously aim for returns that reflect a strong and consistent profit. C3P0 has historically earned around 10% each month and the aim is to see it achieve 15%+. There are no gaurantees though and all those trading must manage their expectations and risk management.
Key Automation Question: How does the payout work? Weekly or monthly ?
IX Global doesn't touch your broker account, the only thing connected is the automation service so you can withdraw and deposit as and when you want. What you earn in your trading account is yours and you deposit and withdraw from your broker account as you like.
However to benefit from the opportunity to increase your lot size and compound interest -it's best to keep all your equity in your broker account. If you do withdraw try to limit it to about 30% but really its up to you!
However to benefit from the opportunity to increase your lot size and compound interest -it's best to keep all your equity in your broker account. If you do withdraw try to limit it to about 30% but really its up to you!
Key Automation Questions: Is it possible for me to increase the lot size or decrease the lot size?
Yes you can increase or decrease lot size. eg. if you start with 1000 then the lot size is set at 0.01 and when your equity rises to 2000 then you can increase to 0.02. As the equity in your account increases you can increase your lot size.
If you withdraw funds from your account then it is important to decrease your lot size too. This ensures your capital is managed with the appropriate leverage and you are adhering to good risk management guidelines.
Risk management is an important pillar in trading and its important that one understands this. Alot of people lose money with forex trading because they have over leveraged their trading account and are risking too much of their capital on trades.
I've seen this a number of times now when people send me their screen shots of their MT4 app and its very upsetting to see this. When you don't adhere to proper risk parameters many find themselves where their trading accounts just bleed money. If you are risk averse then this is also an important pillar to learn.
If you withdraw funds from your account then it is important to decrease your lot size too. This ensures your capital is managed with the appropriate leverage and you are adhering to good risk management guidelines.
Risk management is an important pillar in trading and its important that one understands this. Alot of people lose money with forex trading because they have over leveraged their trading account and are risking too much of their capital on trades.
I've seen this a number of times now when people send me their screen shots of their MT4 app and its very upsetting to see this. When you don't adhere to proper risk parameters many find themselves where their trading accounts just bleed money. If you are risk averse then this is also an important pillar to learn.
Key Automated Questions: Can I manually do scalping on my automated account?
Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains. The Trader sets a trade to earn a few pips and then take the profit. Its a common strategy within an automated trading service too.
With IX Global's automated trading service it doesn't recommend running automtion and manual trading in the same account. This is because with both running you wouldn't have enough equity to accomodate the automated strategies and place your own trades. You will also put your capital at higher risk and overleverage your account.
If you want to scalp trades its recommend you create your own account and set about running manual trades you can scalp.
With IX Global's automated trading service it doesn't recommend running automtion and manual trading in the same account. This is because with both running you wouldn't have enough equity to accomodate the automated strategies and place your own trades. You will also put your capital at higher risk and overleverage your account.
If you want to scalp trades its recommend you create your own account and set about running manual trades you can scalp.
Key Automation Question: What is the profit percentage that I would have to pay ?
IX Global don't do a profit taking process.
There is a monthlhy member fee of US$180 which gives you two automated trading connections. What you earn in your trading account is yours.
Your monthly fee also includes:-
a) Access to two automated forex trading accounts
b) Full access IX Social app / website
c) Full access to the IX Academy (education and learning)
d) Access to the Forex alerts so you can do your own trading (if you want)
e) Weekly live sessions for learning
We also have an automated Gold trading service which is still in BETA testing but is available to members at an additional monthly fee.
There is a monthlhy member fee of US$180 which gives you two automated trading connections. What you earn in your trading account is yours.
Your monthly fee also includes:-
a) Access to two automated forex trading accounts
b) Full access IX Social app / website
c) Full access to the IX Academy (education and learning)
d) Access to the Forex alerts so you can do your own trading (if you want)
e) Weekly live sessions for learning
We also have an automated Gold trading service which is still in BETA testing but is available to members at an additional monthly fee.
Key Automation Questions: The automated trading service is it a managed account ?? ( as i have no time to continually monitor it )
IX Global provide an automated managed service. This means this is very much a 'hands off' approach. You link up to the service via your brokerage account and then all you have to do is watch the trading happening via your MT4 app. You don't close trades, open trades, just watch.
This is very suited to those who want to make thier money work smarter for them but don't have the time to place and monitor trades because of busy lives. For example jobs, family, travelling.
I have a busy life so this opportunity suits my lifestyle. I check my trades weekly so I can share them and I monitor them monthly to see the overall growth in my account.
This is very suited to those who want to make thier money work smarter for them but don't have the time to place and monitor trades because of busy lives. For example jobs, family, travelling.
I have a busy life so this opportunity suits my lifestyle. I check my trades weekly so I can share them and I monitor them monthly to see the overall growth in my account.
Have you lost any money on these automations or any other automations before?
On a daily basis, you will see small losses but over the month there have not been any heavy losses. We've maintained about 4-5% growth each month.. When you trade you can't think with a daily mindset, you need to think monthly and longer. With a bigger picture view you can see what your money is doing and see the growth that we want.
With a Brokerage account, can I set one up with a bank instead of an online service?
No, you will need a forex brokerage account as they link up to the currency markets. Plus, IX Global has set up with Vantage FX to run the automated services. It's like a partnership with them. We are utilizing their relationship. If we used another broker, we wouldn't be able to connect to the automation.
How much is the IX global membership/fee?
The fee is US$180 per month for access to 2 x R2D2 automation trading services. If you introduce 4 people to the platform - you will get your membership fee free!
Do you trade manually as well?
On the automated trading accounts, I do not trade manually. They operate without any interference from us. It's best never to touch the accounts. I have personally opened a separate account to trade manually and it was a small US$200 account to trial it, but to be honest long term I'm sticking with automation as trading manually takes a lot of learning and a lot of time in front of the screen reading charts and macro information. I'd rather pay a professional and just get on with the trading and learn as a go! Plus, I have a family I can't dedicate lots of time to learning to trade right now but I still want the benefits of it
How do I open and close a brokerage account?
I can share with you the instructions on opening an account with the broker we are affiliated with. If you follow the instructions in the pdf it should all be clear. There are no charges to set up a brokerage account. This is the account where you would deposit and withdraw your monies. Should you choose to close the account, withdrawal back to your own bank account is easily done through following the steps on the broker platform. Much like opening and closing a bank account.
With automation systems are they working in conjunction with each other, or are they working separately? For example, is R2D2 doing the grid strategy than that information is passed to Gold. Or is R2D2 using let’s say £1000 of your investment as the grid strategy, and Beta Gold use another £1000 with a different strategy.
- Note: By strategy, I mean algorithm.
- Note: By strategy, I mean algorithm.
R2D2 and C3P0 are separate entities. They work separately and will have different strategies because their goals are different. The R2D2 is designed to be a lower risk forex service with returns of around 4-5%. C3P0 is a higher risk forex service as it is looking at gains around 15 - 20%. It just focuses on the gold currency pair. It's a higher risk and that is something we need to be aware of, but the returns have also been good.
With regards to investment pots, they are also separate. So, you would have 1000 (minimum in each). You don't have to do both though. You can start with R2D2 and then when you are ready and seeing results that make you comfortable then you can start the C3P0. I did that. C3P0 has been running in beta test since august but I wanted to watch it before committing funds to it. I don't like too much risk, so I needed a few months of confirmation first. (Please note the C3P0 is an additional 25 pounds per month for this service)
R2D2 uses two strategies within its plan - the grid strategy and the scalping strategy. I don't know about gold yet but I believe scalping will be a part of it too for sure.
With regards to investment pots, they are also separate. So, you would have 1000 (minimum in each). You don't have to do both though. You can start with R2D2 and then when you are ready and seeing results that make you comfortable then you can start the C3P0. I did that. C3P0 has been running in beta test since august but I wanted to watch it before committing funds to it. I don't like too much risk, so I needed a few months of confirmation first. (Please note the C3P0 is an additional 25 pounds per month for this service)
R2D2 uses two strategies within its plan - the grid strategy and the scalping strategy. I don't know about gold yet but I believe scalping will be a part of it too for sure.
Is IX Global a pyramid Scheme?
No, IX GLobal isn't a pyramid scheme. A pyramid schemes are illegal entities. This question comes up because we have a referral programme. The trading services and education are IX Global primary offering which members pay a monthly fee to access. If you refer four people and they become members then you get your trading service for free as a thank you for introducing new people to the services. Pyramid schemes only make money from from the recruitment of people and don't offer any real service or product. Our services isn't reliant on members referring other members. If you want to continue to use the service and not share this service with anyone then that is perfectly acceptable.
No, IX GLobal isn't a pyramid scheme. A pyramid schemes are illegal entities. This question comes up because we have a referral programme. The trading services and education are IX Global primary offering which members pay a monthly fee to access. If you refer four people and they become members then you get your trading service for free as a thank you for introducing new people to the services. Pyramid schemes only make money from from the recruitment of people and don't offer any real service or product. Our services isn't reliant on members referring other members. If you want to continue to use the service and not share this service with anyone then that is perfectly acceptable.