Has anyone here had any experience with Forex Capital Managment (FCM)? They have very good performing systems but I'm not sure if they do this with real funds. Anyone have any comments? www.forexcapital.com
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Forex Capital Management
- Thread starter Omar Zayat
- Start date
Run away and FAST!!!!!!!!!!!!!!
If you want go to a satelite map like zillow.com and check out the address and compare it to their website picture.
THERE IS NO WATER WITHIN A MILE OF THE STREET THEY ARE ON.
If you want go to a satelite map like zillow.com and check out the address and compare it to their website picture.
THERE IS NO WATER WITHIN A MILE OF THE STREET THEY ARE ON.
A friend of mine invested with one of the traders of Catranis, I think he lost about 25 % in 10 days
RapidfireFX,
Can you explain more ?
Is that Peter Catranis for real ? has he
worked at all the firms mentioned ?
1977 Merrill Lynch, Chicago Mercantile Exchange floor, runner, deck holder and most aspects of order execution.
1980 Comark, US based brokerage specializing in managed futures accounts, broker and floor manager.
1982 Murlas Brothers , Commodities spread trader.
1984 Dean Witter Reynolds, managed account specialist.
1986 Rufenacht, Bromagen & Hertz, (R.B.& H.) IMAP division manager Chicago Mercantile Center, worked directly for John Sandner, president R.B. & H. and 13 time chairman of the Chicago Mercantile Exchange.
1987- present, Forex Capital Management, Senior trader. Specialist in management and trade of cash market instruments through multiple dealers worldwide.
1987- present, Catranis & Company, Formation of his own professional services company (Catranaco) providing qualified traders worldwide with solutions for trade. IB, CTA, Clearing and exchange members.
2004-present PAMCO ( Primary Assets Management Corporation ) CEO, Senior trader. Specialist in management and trade of Government debt instruments through multiple dealers worldwide.
RapidfireFX,
Can you explain more ?
Is that Peter Catranis for real ? has he
worked at all the firms mentioned ?
1977 Merrill Lynch, Chicago Mercantile Exchange floor, runner, deck holder and most aspects of order execution.
1980 Comark, US based brokerage specializing in managed futures accounts, broker and floor manager.
1982 Murlas Brothers , Commodities spread trader.
1984 Dean Witter Reynolds, managed account specialist.
1986 Rufenacht, Bromagen & Hertz, (R.B.& H.) IMAP division manager Chicago Mercantile Center, worked directly for John Sandner, president R.B. & H. and 13 time chairman of the Chicago Mercantile Exchange.
1987- present, Forex Capital Management, Senior trader. Specialist in management and trade of cash market instruments through multiple dealers worldwide.
1987- present, Catranis & Company, Formation of his own professional services company (Catranaco) providing qualified traders worldwide with solutions for trade. IB, CTA, Clearing and exchange members.
2004-present PAMCO ( Primary Assets Management Corporation ) CEO, Senior trader. Specialist in management and trade of Government debt instruments through multiple dealers worldwide.
Not looking to p-ss anyone off, I think your post answered your own question.
Why do you even pursue the conversation if your friend lost money?
Why do you even pursue the conversation if your friend lost money?
So far it is down about 8% in 2 weeks. Granted, I looked through the daily data of the systems and that is nothing that strange. But I am being VERY attentive to how the daily data matches up with my account in real money. It could very well be a complete fabrication and that is where legal action would be prudent. I would be interested to talk to your friend who has invested with him. If possible, let's correspond outside ET. If you guys have an IM than let me know.
Gentlemen:
Lighten up and please get the facts straight before you post information, and if you do post use your real name and provide accurate contact information.
If you'd like to check out anyone it's very easy for example see http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0195408&rn=Y
My career history is on http://www.catranis.com/career.htm , http://www.treasuries.com/founder.htm , http://www.fx-forex-trading.com/ and http://www.forexcapital.com/career.htm and http://www.cta-online.com/index-1.asp
Or your welcome to review my family website.... I can assure it's very easy to reach me and/or check us out... Inaccurate posts by brokers/traders to my customers are offensive. Probably costs more maintain my yacht http://www.catranisadventures.com/index2.html annually than most of the pups trying to get your business make.
If you'd like to qualify a program get an audited track record from a CTA or if it's a system ask for program criteria. CTA's are very easy to check out see http://www.catranis.com//secure/default.asp use CTA and 001 for access then look them up on the NFA website above.
For FX system trading
1) Make sure trades are cleared through a registered major brokerage firm that properly segregates/separates customer funds.
2) Always have marked-to-market performance is available online at anytime reflecting open positions, open trade equity, option and liquidating value.
3) All performance information should be disclosed with all supporting historical data for independent verification.
For example http://www.forexcapital.com/sys-EUR09583.htm
Daily performance http://www.forexcapital.com/text/09583ALL.txt
Monthly http://www.forexcapital.com/sys-EUR09583.htm#monthly
Current http://www.forexcapital.com/sys-EUR09583.htm#current
All components for all allocations should be available , for example http://www.forexcapital.com/sys-EUR09583.htm
Each component or sub-system for any program/allocation should include
All orders, trades and supporting historical price data life of program, for example http://www.forexcapital.com/text/CAD10RP.TXT
Daily position summary including MFE and MAE, for example http://www.forexcapital.com/text/CAD10RPsum.txt
4) Margin to equity ratio should not exceed 20%
5) Maximum risk should be defined and controlled with a pre-determined liquidation level ( risk tolerance ) in place for all allocations
6) Average annual performance life of program divided by worst case drawdown from highest daily equity high to lowest daily equity low ( cat ratio ) should be greater than 3 to 1
If you have any questions please call me my direct number is US+ 949-376-8020 ( hours 9 am to 5 pm US pacific ) or email peterc@catranis.com
Regards,
Peter Catranis IB, CTA, AP
USA + 949-376-8020
US toll-free 800-994-5757
Fax US+ 949-376-8025
Mobile 949-933-1449
Email peterc@catranis.com
Lighten up and please get the facts straight before you post information, and if you do post use your real name and provide accurate contact information.
If you'd like to check out anyone it's very easy for example see http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0195408&rn=Y
My career history is on http://www.catranis.com/career.htm , http://www.treasuries.com/founder.htm , http://www.fx-forex-trading.com/ and http://www.forexcapital.com/career.htm and http://www.cta-online.com/index-1.asp
Or your welcome to review my family website.... I can assure it's very easy to reach me and/or check us out... Inaccurate posts by brokers/traders to my customers are offensive. Probably costs more maintain my yacht http://www.catranisadventures.com/index2.html annually than most of the pups trying to get your business make.
If you'd like to qualify a program get an audited track record from a CTA or if it's a system ask for program criteria. CTA's are very easy to check out see http://www.catranis.com//secure/default.asp use CTA and 001 for access then look them up on the NFA website above.
For FX system trading
1) Make sure trades are cleared through a registered major brokerage firm that properly segregates/separates customer funds.
2) Always have marked-to-market performance is available online at anytime reflecting open positions, open trade equity, option and liquidating value.
3) All performance information should be disclosed with all supporting historical data for independent verification.
For example http://www.forexcapital.com/sys-EUR09583.htm
Daily performance http://www.forexcapital.com/text/09583ALL.txt
Monthly http://www.forexcapital.com/sys-EUR09583.htm#monthly
Current http://www.forexcapital.com/sys-EUR09583.htm#current
All components for all allocations should be available , for example http://www.forexcapital.com/sys-EUR09583.htm
Each component or sub-system for any program/allocation should include
All orders, trades and supporting historical price data life of program, for example http://www.forexcapital.com/text/CAD10RP.TXT
Daily position summary including MFE and MAE, for example http://www.forexcapital.com/text/CAD10RPsum.txt
4) Margin to equity ratio should not exceed 20%
5) Maximum risk should be defined and controlled with a pre-determined liquidation level ( risk tolerance ) in place for all allocations
6) Average annual performance life of program divided by worst case drawdown from highest daily equity high to lowest daily equity low ( cat ratio ) should be greater than 3 to 1
If you have any questions please call me my direct number is US+ 949-376-8020 ( hours 9 am to 5 pm US pacific ) or email peterc@catranis.com
Regards,
Peter Catranis IB, CTA, AP
USA + 949-376-8020
US toll-free 800-994-5757
Fax US+ 949-376-8025
Mobile 949-933-1449
Email peterc@catranis.com
Gentlemen:
Lighten up and please get the facts straight before you post information, and if you do post use your real name and provide accurate contact information.
If you'd like to check out anyone it's very easy for example see http://www.nfa.futures.org/basicnet...195408&rn=Y
My career history is on http://www.catranis.com/career.htm , http://www.treasuries.com/founder.htm , http://www.fx-forex-trading.com/ and http://www.forexcapital.com/career.htm and http://www.cta-online.com/index-1.asp
Or your welcome to review my family website.... I can assure it's very easy to reach me and/or check us out... Inaccurate posts by brokers/traders to my customers are offensive. Probably costs more maintain my yacht http://www.catranisadventures.com/index2.html annually than most of the pups trying to get your business make.
If you'd like to qualify a program get an audited track record from a CTA or if it's a system ask for program criteria. CTA's are very easy to check out see http://www.catranis.com//secure/default.asp use CTA and 001 for access then look them up on the NFA website above.
For FX system trading
1) Make sure trades are cleared through a registered major brokerage firm that properly segregates/separates customer funds.
2) Always have marked-to-market performance is available online at anytime reflecting open positions, open trade equity, option and liquidating value.
3) All performance information should be disclosed with all supporting historical data for independent verification.
For example http://www.forexcapital.com/sys-EUR09583.htm
Daily performance http://www.forexcapital.com/text/09583ALL.txt
Monthly http://www.forexcapital.com/sys-EUR09583.htm#monthly
Current http://www.forexcapital.com/sys-EUR09583.htm#current
All components for all allocations should be available , for example http://www.forexcapital.com/sys-EUR09583.htm
Each component or sub-system for any program/allocation should include
All orders, trades and supporting historical price data life of program, for example http://www.forexcapital.com/text/CAD10RP.TXT
Daily position summary including MFE and MAE, for example http://www.forexcapital.com/text/CAD10RPsum.txt
4) Margin to equity ratio should not exceed 20%
5) Maximum risk should be defined and controlled with a pre-determined liquidation level ( risk tolerance ) in place for all allocations
6) Average annual performance life of program divided by worst case drawdown from highest daily equity high to lowest daily equity low ( cat ratio ) should be greater than 3 to 1
If you have any questions please call me my direct number is US+ 949-376-8020 ( hours 9 am to 5 pm US pacific ) or email peterc@catranis.com
Regards,
Peter Catranis IB, CTA, AP
USA + 949-376-8020
US toll-free 800-994-5757
Fax US+ 949-376-8025
Mobile 949-933-1449
Email peterc@catranis.com
Lighten up and please get the facts straight before you post information, and if you do post use your real name and provide accurate contact information.
If you'd like to check out anyone it's very easy for example see http://www.nfa.futures.org/basicnet...195408&rn=Y
My career history is on http://www.catranis.com/career.htm , http://www.treasuries.com/founder.htm , http://www.fx-forex-trading.com/ and http://www.forexcapital.com/career.htm and http://www.cta-online.com/index-1.asp
Or your welcome to review my family website.... I can assure it's very easy to reach me and/or check us out... Inaccurate posts by brokers/traders to my customers are offensive. Probably costs more maintain my yacht http://www.catranisadventures.com/index2.html annually than most of the pups trying to get your business make.
If you'd like to qualify a program get an audited track record from a CTA or if it's a system ask for program criteria. CTA's are very easy to check out see http://www.catranis.com//secure/default.asp use CTA and 001 for access then look them up on the NFA website above.
For FX system trading
1) Make sure trades are cleared through a registered major brokerage firm that properly segregates/separates customer funds.
2) Always have marked-to-market performance is available online at anytime reflecting open positions, open trade equity, option and liquidating value.
3) All performance information should be disclosed with all supporting historical data for independent verification.
For example http://www.forexcapital.com/sys-EUR09583.htm
Daily performance http://www.forexcapital.com/text/09583ALL.txt
Monthly http://www.forexcapital.com/sys-EUR09583.htm#monthly
Current http://www.forexcapital.com/sys-EUR09583.htm#current
All components for all allocations should be available , for example http://www.forexcapital.com/sys-EUR09583.htm
Each component or sub-system for any program/allocation should include
All orders, trades and supporting historical price data life of program, for example http://www.forexcapital.com/text/CAD10RP.TXT
Daily position summary including MFE and MAE, for example http://www.forexcapital.com/text/CAD10RPsum.txt
4) Margin to equity ratio should not exceed 20%
5) Maximum risk should be defined and controlled with a pre-determined liquidation level ( risk tolerance ) in place for all allocations
6) Average annual performance life of program divided by worst case drawdown from highest daily equity high to lowest daily equity low ( cat ratio ) should be greater than 3 to 1
If you have any questions please call me my direct number is US+ 949-376-8020 ( hours 9 am to 5 pm US pacific ) or email peterc@catranis.com
Regards,
Peter Catranis IB, CTA, AP
USA + 949-376-8020
US toll-free 800-994-5757
Fax US+ 949-376-8025
Mobile 949-933-1449
Email peterc@catranis.com
Well my experience thus far has not been good. He was trading a bunch of USD based programs that showed great results..... and then those took major hits. He gave a bunch of reasons like central bank pump and dump (he sent out an article he wrote), stop running, more volatility etc. Everything was on a great run for a very few months, and then all time new high drawdowns.
So he switched our accounts over late last year to the "safer" EUR based programs. Those did ok for a few months, and now they are getting crushed with all time new high drawdowns. Some later series EUR programs were introduced a few months ago and the results for 2007 looked great...... but now they too started trading, they went into serious drawdowns. Now it looks like the options programs are going to be the next best thing as more of their performance records are now showing up on the website I can see.
Anyone see a pattern here?
So he switched our accounts over late last year to the "safer" EUR based programs. Those did ok for a few months, and now they are getting crushed with all time new high drawdowns. Some later series EUR programs were introduced a few months ago and the results for 2007 looked great...... but now they too started trading, they went into serious drawdowns. Now it looks like the options programs are going to be the next best thing as more of their performance records are now showing up on the website I can see.
Anyone see a pattern here?
I think he's ok, but that doesn't mean that most of accounts don't close out with a loss. Something don't add up.