Allied Asset Funds is claiming to provide profitable and sustainable managed Forex accounts with monthly returns of up to 14%.
That said, you may want to look at these more profitable trading products and services since we’ve always felt that these trading services are the best for getting started in the financial markets.
Allied Asset Funds is also claiming that they manage their clients’ accounts through fundamental/technical analysis in addition to using a proactive risk manager system.
This is an example of a company that tends to rely on vague statements rather than providing insights on how they trade their client accounts.
Allied Asset Funds does not introduce any of their “fund managers”, yet they claim that they’re a professional team of traders with solid experience.
The vendor is currently offering 3 investment plans where minimum deposit starts at $2000 for the silver account and up to $100,000 for platinum account.
The site has been around since 2018 and we expected the vendor to provide a proper introduction of who they are so they can be trusted.
Currently the team is anonymous and we can’t even verify their location or the alleged 10 years of trading experience.
If they’ve failed to include this information on their site all this time, chances are that they may never introduce themselves ever.
Allied Asset Funds review
The managed account provider is using fluff on their website to market this service.
Actually we found out that the website is copy pasting content from another suspicious Forex trading website called scgforex.com.
Any serious fund manager will not go around the internet looking for other websites to copy paste from.
This probably explains why these guys can’t provide a proper introduction of themselves.
At this point, we’re interested in finding out whether they truly have a trading performance record.
On the other hand, we feel that reading all the fluff on the website is quite cumbersome.
They are not giving us any unique reasons why we should trust them to manage our funds.
Allied Asset Funds Trading performance
The company is using a statement sharing service called FXstat to document their trading results.
The numbers that we see here are just too good to be true. There are no losing months at all.
FXstat has also documented their trading results from August 2015 where they purport to have made profits in the subsequent months without fail.
This is why we always prefer myfxbook as opposed to other statement sharing platforms like FXstat and FXblue.
With myfxbook, vendors will try to cheat but catching them is easy.
Myfxbook is good at exposing fraudulent vendors who want to claim that they always make profits.
We therefore take this asset manager’s trading performance with a pinch of salt.
Keep in mind that Allied Asset Funds was not in business back in 2015. So we don’t know where they’re getting these results from.
We managed to read one review of Allied Asset Funds on the FPA forum.
There is only one feedback from a customer who rated them with a star, insisting that this company is a scam.
Nothing can be far from the truth given that the company’s website has not displayed the level of seriousness that is expected of a fund manager.
This client also stated that their trading results are fake.
This agrees with our statement above and also explains why we prefer myfxbook results to other companies like Fxblue or FXstat.
Somehow vendors find it easy to exploit loopholes and present fake results to their clients.
This vendor is in business because they’re making huge commissions from ruined live Forex trading accounts.
Their results are obviously fake since no losses have been shown. They purport to make profits every month.
Of course their anonymity is something that we don’t take easily.
Transparent vendors will provide a proper introduction and give us legitimate reasons why they want us to join their managed accounts.
But this company has not lived up to expectations. So they are possibly a clever scam.