Collective2
Sonny Berry
"I had a glitch with C2 on my trading…"
I had a glitch with C2 on my trading screen, contacted admin and Matthew came to the rescue. He walked me through every step and he resolved the problem. Super impressed with C2 and particularly Matthew´s level of expertise. Problem solved.
TCdn
"Simply the best autotrading and alternative investing platform"
I have been a client, strategy follower and autotrader at Collective2 for well over a decade. I have tried other approaches over the years, but Collective2 is simply the best platform of its kind for vetting and following alternative investment strategies with your own money, and for autotrading those strategies at your preferred broker.
Over the years they have worked with regulators, improved functionality, streamlined user experiences, and I have been impressed by their ability to keep everything very reliable in a complex environment where money is on the line and where that is not an easy task.
Whenever I have had questions or minor issues, their support has responded within seconds, or, at worst, minutes, to help me out. They also refreshingly allow their more technical staff to be involved in conversations with users to answer more technical questions quickly.
As with any relatively open platform, there are certain things (in this case, strategies and trade leaders) that most clients/subscribers would be well-advised to avoid. This is akin to low quality posts in any online forum, but the difference here is that, yes, you could lose money. Because of that, I would recommend Collective2 to people who are willing to take responsibility for their own actions and choices and do their homework on which strategies they follow. For example, I wouldn't personally allocate my money to a strategy until I first at least had a message-based conversation with the trade leader, and made sure they had sufficient history and transparency in their methods such that I was comfortable with what I was getting. Far too often in the investing world, people will blame the platform, the strategy, their broker, or anything else they can find, in order to convince themselves it wasn't ultimately their own decisions that caused a loss.
There are some excellent strategies with positive long term expectancy and low correlation to buy-and-hold market performance on Collective2, which is why I am still here after all these years and valuing its role in my investing life more than ever. This is typically expensive and hard to find in the investing world, and usually prohibitive to anyone who is not firmly in the "high net worth" category or higher. Collective2 offers this at an unmatched value and with easy, flexible implementation.
I felt the need to write this since I see many reviews where a customer clearly joined, greedily rolled the dice by choosing to follow a questionable strategy with too much leverage trying for a "get rich quick" outcome, and then blamed the platform when it didn't work out for them. These reviews are simply not worth your consideration other than as a reminder that any tool can be used incorrectly if one is not qualified to use it.
If you want a platform that will put you in a bubble with guardrails and tell you what to do, Collective2 is not for you. If you want an ability to access excellent strategies that provide top notch diversification benefits to a traditional investment portfolio in an environment that also happens to contain some not-so-excellent strategies, if you resist shooting yourself in the foot with short term over-leveraged greed, and are thoughtful about your decisions, then you will be thankful to be a member of Collective2.
Vaibhav Parnalia
"Terrible support and overpriced."
They have issues with TOS, market data.
In a recent incident, they randomly closed a position, did not revert for 2 days and later said "we apologize for the issue". Sir, the position was closed on a rally day at the bottom after waiting for many days.
Their technical issues have affected my strategy. 1. My position was closed prematurely on C2 (and at loss on IBKR). 2. I could not get assistance on time 3. I was not able to reopen the closed position (due to no random leverage logic) 4. I had to purchase more shares on my IBKR violating the Trade your own strategy terms.
My strategy has 55% YTD return at $40/month but there are no organic subs. C2 doesn't have enough subs and their high cost combined with technical issues and lack of support is not worth the price to pay.
ACames
"Run away if like money!"
I was solicited by C2 to leave a positive review which is really quite something considering I've been with them for over a year and am a net negative on my accounts and my sanity. Investment managers at C2 are notorious for having a few good months run while loading up subscribers and then blowing accounts. I'm intrigued by algo trading and copy trading, but this is not the way. I'm not running my own algos and copy traders and actually making money. Now waiting for my final C2 subscriptions to run out, but all but one has been taken off of real funds so I have something left to recover my Collective2 losses with!
Everett
"BEGGING! for positive reviews."
Matthew Kline sent out an email, since I have been a member a long time, asking for a positive review, since there have been so many negative ones lately. BIG MISTAKE!, as any hope for Collective 2 is long gone. Investors are left to "figure out" which strategy managers are legitimate. In truth, you will be HARD PRESSED to find a strategy manager that will not leave you asking, WHY???!!!! I know a few. Very few. In finding them, I've tripped over absolute amateurs, some bordering on Snake Oil Salesmen, some who've bought bots to re-sell, who've blown up multiple accounts only to resurface later under a different name, to burn someone else's money. There seems to be no oversite, no vetting process. Matthew Kline knows exactly why people are unhappy, and I believe he has the power to fix it.
There are secondary chatrooms that have been created by members to help each other, because negative comments on C2 are deleted! You are on your own. Unless you REALLY know how to evaluate risk, stay away from this company. Just find an edge, work it out in SIM mode and manage your own money. C2 will allow you to waste money on 10,000 turds in your hopes of finding one decent strategy.
Alex Y
"with collective2.."
I have been working with collective2 service for over 5 years as a trade leader.
I have observed (and am observing) many interesting trading strategies. Many of them have crashed. However, many of them continue to successfully generate profits.
I am (and have been) in contact with many private investors who are (or have been) my subscribers (have followed my strategies).
Based on this, I would like to say that the collective2 service is a very accurate reflection of everything that is happening in the private trading and investing industry.
Most trading strategy crashes are due to trading leaders wanting to show impressive results to gain followers to their strategies. This leads to excessive risk taking. A big risk is followed by a crash.
Most private investor capital crashes are due to their desire to make big profits in a short period of time. They subscribe to strategies that show big profits with big risk. What follows is a crash.
But I also see a lot of private investors who put together a portfolio of many conservative strategies. So they have little risk in each strategy and overall a very stable profitable portfolio.
The collective2 service is constantly developing strategy analysis tools for investors.
With a little time it is possible to create a very profitable and flexible portfolio.
Investors lose money due to their incompetence in the area of selecting risk-appropriate strategies.
Choose strategies that have been around for a long time (at least 6 months and have enough trades to analyse - at least 200).
And preferably the trading leader follows his own capital to his strategy.
Fares Hajjar
"They Don't Want You to Have Much Information"
I seriously considered the product and wanted to check it out. Spent hours--many hours-- researching the different trading systems and what they offered. All this time and effort culminated in making a simulated portfolio which I, at first, thought was a helpful feature. Without warning the entire thing was deleted after 60 days. When, in panic, I asked what happened I got the dry response that "simulated portfolios are automatically deleted after 60 days."Now I realize... yes, of course they are. This borders on fraud because it keeps anyone from being able to make a careful assessment of the long term performance of any of the trading programs. I now realize that this is actually the point of the auto delete. They prefer a customer to put tens of thousands of dollars at risk with only minimal information. I am no longer interested in Collective2. I immediately deleted my account.
M Usama
Customer
"Just data extractors, barely any real customers"
Margins that make no sense just like other reviewer put. For high speed speculation, we use day trading margins not swing (initial margins). No way to adjust it. I think on their website, margin page they say SP is 6000, but when you begin adding it becomes 12000 margin. Barely any users. Feels like mostly just HFT firms using it to collect the data using free simulations or "broke customers" who thinks that with 500 they could get Tim Sykes super novas and get a lamborghini. Lots of fees and barely any benefit. No recommended. Funny they talk about super stars traders in response to comments. No kidding but with 14000 initial margins only fools would trade unless accounts loaded with 3mln equity lol the idea from c2 is to collect fees on resets while billing monthly fees.
Interface is so bad. That it takes forever to place trades quickly. No real time data. Makes me wonder who developed all this dinosaur... and yet they expect to get paid "investors" where so called managers operate w 10min delay data and their Interface.. 1-1.5sec to place trades with stops vs 8 Seconds and let's say we are trading nasdaq shorting on breakout fail. By the time you type stop order and if it does actually break out... it's a complete mess.
javesoft
"Waste of time"
Waste of time. There is no way you can make $ with 6500 margins unless your account size is 100000-150000 (which comes with an extra fee). Some brokers charge as low as 250-500 margins for Russell 2000 and SP. I trade myself with Tradovate super easy to average and normal platform with real time data. C2 on top of charging all these fees upon the fees not even providing fast platform and real time data. Not recommended, for investors with 10-20k equity its pennying or blowing up. For traders with 6,5k margins, its a waste of time, on top of the monthly fees, they take 50% cut.
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