I recently had to ask a subscriber to unsubscribe because it would not be possible to trade profitably using the limited list of Collective2 forex brokers.
The pairs being traded are not exotic or illiquid. On the contrary very heavily traded by retail brokers.
The problem is that the limited choice offered by Collective2 have spreads up to 8X wider with larger trading costs. In the ‘real world’, experienced traders would never consider trading with these costs.
Retail Over-the-Counter forex is obviously very different to Exchange Traded products via brokers such as Interactive Brokers, as the retail brokers use Liquidity Providers with vastly different pricing for each of it’s traded pairs. Futures traders have a single exchange from which the prices originate and therefore there is minimal variance. I think it would be fair to say that is why Collective2 appears to be primarily a Futures centric copying platform.
I think if you offered more competitive forex brokers you would greatly increase your user base.
From the ‘real world’ live broker that we use vs the Collective2 broker results-
That’s a profit of +$248 on our (well known) broker vs a loss of -$107 on the Collective2 broker
