Collective2Reviews of collective2.com

Collective2 is exactly what it says - an open platform that traders can have anyone that is interested, follow their trades live through automated trade signals in your own personal brokerage account. I researched it extensively (and compared to many competitors like eToro) before trying it out with small amounts of money and after all my research and a month of experience with real capital it's amazing! Whether your returns are good or not are dependent on which strategy you follow, but the system acts as the independent third party showing results you can actually expect. One thing I learned in my research is though they say all results are hypothetical, a trader can't load backtest data, the results on Collective2 start on day 1 of trading said strategy with Collective2. Whatever historical results you see are because that trader has had their strategy since then on Collective2. The system is great, and honestly I wish I had discovered sooner! They bring the traders with years of experience or novel trading ideas to the lay person, or in my case a finance professional that knows there are others with time to devote to finding that perfect strategy. Would highly recommend for anyone with enough capital they can comfortably invest/risk on the system, but know that Collective2 is totally trustable - from there its just finding the 'right' strategy that fits your needs, risk tolerance and downside(!).

I have been a Collective2 user for over 10 years. This review will cover 2 separate issues: the trustworthiness of Collective2 (C2), and my user experience with the trading strategies profiled there. In a nutshell, I trust C2 in their core functions of providing accurate information and trade-following technology. Reporting of trading strategy histories is spot-on in my experience. The results shown on their web site match the results I have gotten trading those strategies, and the statistics are accurate as well. The auto-trading technology has worked well for me. As for the trading strategies themselves, I can report that there are some excellent traders on C2 that will make you money, but there are also some less competent that can lose you money as well. Learning to recognize which is which is a skill in itself. You need to understand the math around trading, especially win rates, profit factor, leverage, and maximum drawdown. Sustainability (length of track record) is also key. How has the system performed during corrections? What you want to see is that a trader follows a consistent strategy with a steady account gain. Does the trader communicate with subscribers? Generally I have found that a blank system description is a warning flag. Some traders try to game the system by taking big risks for big wins early on, so that their strategy shows a high cumulative gain to attract subscribers, then they start trading their usual risk and gains flatten out or become erratic. Always check a Trade Leader's profile and see how many past strategies they created and whether they are still functioning. The other key thing to look for is averaging down, i.e. they keep adding to a loser until it becomes a winner. Every experienced trader knows that over time that is a very slippery slope that can end in disaster. Over the years C2 has enhanced their reporting and rating so that it is easier to find the reliable Trade Leaders and create an effective portfolio. But always keep in mind that C2 is a marketplace and performance tracker, not a certifier. It is up to you to vet the Trade Leaders and invest prudently.

Really like the platform and would recommend them to anyone. Very easy to navigate and use. Also their team is responsive to my questions/concerns. Can’t recommend them enough.

I am very happy with them, and not only for the money I am earning, but for the excellent behavior they have had when something went wrong, without needing to tell them, they acknowledged it and compensated me.

I've been subscribing to and trading Collective2 systems for over 15 years now. I currently subscribe to 6 of them. It's the only place I've found where I can follow the trades of successful traders and be able to base my subscription decisions from verifiable track records. Some systems I trade manually, and some systems I let Collective2 trade for me automatically. The auto-trading technology is solid.

one of the best mirror trading platform

Amazing platforms. One of a kind community. Safe. Supported. Magnetic.

I started using Collective2 about 13 months ago as a Trade Leader (3Algo). The yearly gains are based on starting equity minus the current equity, then divide the profit or loss by starting equity. The result is compounded gain or loss same as any index, such as S&P 500. One can move the courser over the performance graph and see the starting equity and the current equity. On Collective2 there are a lot of people who try to be Trade Leaders by averaging down on losing trades or increasing the number of contracts or shares after a losing trade. Eventually they encounter a market that keeps going down and the result is 80% or greater equity drawdown. The way to choose Trade Leaders is to look at their past trades. If they average down or increase the number of contracts after losses, avoid them. There are a few good traders that use proper money management and have good trading systems, but to find them you have to look at the past trades. See if the number of contracts traded is consistent. Profits and losses should be consistent, and the track record should not be based on a few enormous wins. I do wish that Collective2 would not post publicly the trading results of anyone using Martingale (increasing the number of contracts or shares after each loss) or averaging down more than once per trade, which will eventually always result in huge losses for subscribers. That would help many investors (subscribers) by weeding out traders that take enormous risks to attract subscribers. Collective2 does have a useful ranking system that uses many criteria, such as age of the strategy, size of the drawdowns, leverage used, Sharp and Sorrentino Ratios, and annualized return percentage. They have a video on this, but one has to be a subscriber (free or paid) to get access to it. It is called scoring-workbench. They do have excellent customer service.