Collective2 Avis 31

Refused to give me a prorated discount after I paid for an annaul subscription. They have no way of protecting users on strategies that just can randomly change. They don't have any notion of protecting the subscriber. I will be reporting them to the BBB as well.

It is total scam. I have been with them for about 4 years. My trading result is getting really good for the last year until now. They suddenly modify my trades, remove my stops and increase my positions without my knowledge. My preset profit and stop loss target could not get executed, which resulted a huge loss. I asked them to fix their system, but they did not get back to me. I close my account. Don't waste your time and money with them.

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.

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.

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.

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!

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.

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.

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.

No responses to emails, bad user interface.

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.

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.

I've been a customer on collective2 as a subscriber for about half a year before I decided to try being a trade leader also. I'm decently successful as a trader, so the thought of making extra money on top of trading sounded good! It worked out great. Everything is legit, I am paid for subscribers, and the collective2 system makes everything work.

Quick response to my questions - excited to contiue to use the platform

"Collective2 is on the cutting edge of facilitating and connecting both managers and investors here in USA. Since it is a highly regulated space and there are few brokers that facilitate this connection with full compliance, Collective2 is super picky and rightfully so with vetting and bringing on any brokers. I am pleased to inform all that C2 always looks out for both their managers and investors during unforeseen changes. In early May 2022 one popular US broker terminated their affiliation with C2 and it affected me greatly as manager of a strategy and with clients attached to my strategy. The customer care at C2 was expeditious, friendly and all my questions were answered to my concerns and C2 refunded me my costs for the new month that had just started and for the services I was now not going to be able to benefit from. C2 looks out for their clients! You are in good hands with them. Peace

Collective2 has changed the way I trade. I am wondering why I didn’t know about them earlier. They are a game changer…. I would like to see the following improvements:
1. Flexibility in switching subscription plans instead of charging immediately when we upgrade.
2. Stop loss based on percentage vs only $.
3. Provide user’s portfolio level metrics like they do for each strategy especially returns, sharpe ratio, max draw down, profit factor, etc.

I have been using C2 for 6 months. There is significant depth of strategies. The data that can be utilised is extremely professional. Having come from a CTA environment over the last 30 years I would happily recommend C2 to anyone. A genuine offering that one can be proud of.

I enjoy C2 very much. The communication with the customer service was always fast, they are kind and efficient. I first heard of C2 and visited its web about 10 years ago when starting to trade on my own.... Having bad experience with eTorro at that time, I was very suspicious. When seing one had to pay for the trading strategies I lost my interest :-). Pity, now I consider it a big mistake. I gave it proper look about a year ago and I've never looked back since. It took me a few months to identify good strategies. There are also some nice looking strategies where the good results are more likely due to "beginners luck". Shortly after subscribing I suffered some serious losses... :-) Not a joke - one can easily lose a lot of money but one can also gain some. :-) So I cannot stress enough to start slowly and small, be carefull and have some basic knowledge about the markets before starting as the potential lossed can sometimes also exceed the available account balance. Now I feel gratefull for the opportunity and use C2 strategies as diversification to my own trading.

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.

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(!).