Collective2Reviews of collective2.com

Collective2 should allow managers to increase the size of model account by rescaling. Otherwise, if the manager deposits money to his IB account, this will change the leverage ratio of the Collective 2 TOS strategy. Yet, Collective2 is an innovative financial platform. I really like it. Collective2 is not popular in my living place (Hong Kong). Hopefully, Collective2 can put more resources into promoting its own services.

I signed up to Collective2 auto-trading with Interactive Brokers, executing one of their top-pick strategies. I believe the technology has tremendous promise but there are a number of areas where I feel there is a lot of maturing to do. The issues I faced were as follows: 1) I signed up during the market chaos of March 2020, losing quite a bit of money on a top pick strategy of theirs. I used auto trading with my Interactive Brokers account and feel that I suffered both from slippage as well as a lack of good instructions on how to configure the IB account in the first place. 2) Neither Collective nor the strategy provider supplied me with a list of permissions needed on the Interactive Brokers account to use the strategy. This resulted in a bunch of unplaced orders until I got my approvals and other forms completed and signed on IB. 3) I originally scaled the strategy to 50%, not realizing this was pointless as they traded 1 contract for most things. Again, I would expect some advice, written instructions to tell you NOT to scale when the strategy doesn't support it. 4) My real-world performance vs. the collective2 performance varied by about 3% (not in my favor as you can imagine) and when asking the strategy person they said it was due to slippage due to the Collective2 platform. Granted these grievances have to be taken in context of a very volatile - chaotic market. The part that I do believe is down to the technology and the level of maturity of the service is better instructions to setup auto trading permissions specific to the strategy and faster technology to avoid slippage. Otherwise what's the point - a strategy provider can have a successful strategy that you can't get the benefit of. Trading futures in a volatile market - seconds really count.