The question is a simple one;
Who would be interested in opening a true managed forex account; your account in your name, full control of your money, no third party deposits, no risk of someone running away with your money, FULL transparency; with as little as $250 USD?
I have made a few posts on this forum regarding managed accounts and most responses I received where regarding the relatively high minimum deposits, ie. $10k and up. I attempted to launch a forex pool, registering with the NFA and trying to follow their regulations to the "T", however it just wasn't feasible and was WAY to much involvement for the expected return.
Having RB relationships with several brokers I attempted to find a solution for the smaller investor. I had been demoing the Oanda FXManager Platform for about 2 months with decent results so I decided to do a little more research on their company as I was not to familiar with their trading practices. To my delight clients are able to open accounts with as little as $1.00, and because of the PAMM style FXManager Platform this does not effect trading one iota.
Since posting on my blog re; Oanda, I have moved 3 of our larger managed account clients over to Oanda in order to get the account started. Because these accounts are of decent size I can now accept new accounts with VERY low minimums.
For the first 60 days or so I will allow clients with as little as $250 USD to allocate funds to our FXManager account. Once this promo has passed the minimum will be raised to $1,000 USD.
If you are a veteran HYIP'er, don't you think it's time to stop throwing your money away and actually start investing it? And to those HYIP newbies out there, run away, run away and don't look back. Regardless if you decide to give our managed accounts a try, for pete's sake if you have some money to burn...well....you might as well light a match.