Today’s review is about Al Fahad Fortune Trading LLC which operates al-fahad.biz and maxmarginfx.com.
We’re interested in maxmarginfx.com because this subsidiary of the company deals in Forex automated trading systems while the other website is selling general software for business.
The company appears to be based in Dubai and they are offering the following products:
- Wealth Builder Forex trading software (MaxMargin)
- Forex account management (up to 52% yearly ROI)
Maxmarginfx.com claims that their Forex software for automated trading focuses on capital preservation and thorough analysis of financial instruments.
They also claim to have existed for 10 years now but their team members are not known by name despite the sales page claiming that Maxmarginfx.com is a group of capital market analysts, logic experts, software designers and so on.
The vendor does not provide details of their alleged Max Margin Wealth Builder software.
They’re instead focusing on their Forex managed account service which requires a minimum deposit of $10,000 and a subscription fees of 12% per year.
This is deducted from your supposed profits.
Maxmarginfx.com also claims that drawdown is 20% and the strategy is conservative.
They use a range of algorithms which include Elliot wave, moving averages, pivot points, support and resistance.
Maxmarginfx.com is basically trading based on technical analysis but the exact strategy is not mentioned.
Note: If you want to trade the currency market like a professional investor, find more information here.
Is Maxmarginfx.com (AL Fahad Fortune Trading) legit?
They’ve posted their live trading results screenshot from FXblue.
Although we don’t like fxblue (as we find it more cumbersome than myfxbook), we will try and do a quick summary of the results.
Trading results are spanning between 2017 and July 2020.
The account appears to be profitable as the equity curve has been on a steady climb since 2017.
What we do not understand is why exactly trading stopped sometime in July this year.
We’ll be waiting for feedback from this vendor before updating this review.
We wished that maxmarginfx.com had their results on myfxbook.com.
We would have easily gone through the numbers and let you know whether or not Al Fahad Fortune Trading is a bad investment.
Currently we’re seated on the fence because no reviews of this vendor have surfaced on the internet yet.
If you would like to invest in managed accounts, visit this page for resources that can help you attain your financial goals.