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  • Report:  #1531752

Complaint Review: The Portfolio Platform Lane Clark Edward davies

The Portfolio Platform Lane Clark Edward davies As a seasoned and regulated financial advisor red flags are flying high above. The Portfolio Platform are not regulated and do not disclose who their so called World Class Tier One Traders are. These are immediate red flags.  London

  • Reported By:
    Dean — London United Kingdom
  • Submitted:
    Thu, March 21, 2024
  • Updated:
    Thu, March 21, 2024

Below are details on the previous company Beta 2 fronted by the rogue trader Lane Clark and which had a spectacular crash on 15th January 2015 all through his gross incompetence and in the process loseing hundreds of thousands $$$ of clients hard earned money. Lane Clark is the archetypal chancer! 
www.beta2.co.uk

Also below are some bullet points pertaining to their operation. They provide a snapshot of why clients should consider working with Beta 2.ˇˇ
Beta 2:
Formed in November 2007 in the midst of the credit crunch to attempt to exploit opportunities and volatility that would be created in an ever changing market climate.
Offer trading advice to HNW individuals, UHNW individuals, institutions, pension funds, and family offices.
Because they are an Investment Boutique, the service is personalised to the individual and their investment objectives.
Trade on average over 1 Billion per month in a variation of currencies.
Market Climate Since Formation:
Uncertainty across multiple asset classes. At Beta 2 regardless of the market climate they will attempt to yield a return. They build short term FX portfolios that have a bias in line with the market climate. Using 2008 as an example: Asset classes across the boardˇunder performedˇ and sentiment was poor. Currencies like JPY were up over 40% vs. the GBP. In times of uncertainty (like 2008) 'safe haven/low yielding' currencies will perform well- like JPY, USD and CHF. In 2009 the sentiment changed and equities performed. In the FX arena, the currencies to take advantage of a climate like this are your higher yielding/ commodity type currencies like AUD, CAD and EUR. Therefore, regardless of the market climate- they will look to position clientele portfolios in line with the market sentiment.
How They Trade:
They are very technically orientated. They believe fundamentals are already factored into the market price. They trade via bespoke technical trading systems that move in line with market sentiment. They study 3 timeframes on their charts before making any trading decisions and use a multitude of indicators such as ADX, RSI, moving averages, and candlestick charts. They implement stop loss and profit taking orders in line with the current market volatility.
Risk:
The markets they trade are perceived to be at the higher end of the investment risk spectrum, but regardless of the clients risk appetite they believe they can cater for them. Their technical trading systems can be utilised for a low risk client to a very high risk client. To put it simply they modify their position sizes. Some clients risk as little as 0.5% of their portfolio per position, where others may risk as high as 6 or 7% per position. Considering they often have 8-12 positions on their portfolios, they suggest closer to the former percentage figure. The most important variable for them, is to ascertain exactly what risk/volatility the client is comfortable with. They aim to work on risk to reward ratios of 1 to 1.35. Therefore, if from conversing with a client that they agree in periods of underperformance that he/she would be comfortable having a drawdown of 20%, they will be position sizing his /her trading account looking to accrue 27% returns. They obviously can't guarantee this, but it gives them a benchmark to assist with their position sizing model.
The Service:
Clients can follow their accounts online (live) and receive daily statements via e mail. They can also contact Beta 2 office at any time. They believe in offering exposure to traders that not only will attempt to yield returns in any market climate, but even in periods of underperformance they believe the risk will be managed effectively and the service received- second to none.

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