Aman FX Traders Review: Managed Accounts by amanfxtraders.com

Welcome to Aman FX Traders review.

Amanfxtraders.com is offering managed accounts and mainly trading Forex and metals.

The official website claims that the people who run Aman FX Traders have been trading since 2010. However, our background search shows that the domain was created in March 2017.

It’s quite possible that this company is hiring traders who have worked elsewhere or those who have been trading since 2010.

If that is the case, we’d like to know who these traders are so we can investigate their background and determine what level of experience they have.

Aman FX Traders also proclaims yearly returns of 70% and draw down of 20% only. This can apparently be demonstrated on their myfxbook.com account which the team says can produce upon request.

Aman FX Traders claims that their service is run by professional traders with “proven track record”.

They even have job openings for “professional traders” with up to 8 years of experience.

The managed account provider also wants investors to know that their team consists of risk managers and market analysts working together round the clock to detect opportunities.

They claim that their top priority is to detect client capital. This is apparently achieved  by delivering the best “low risk trading performance” which is tailored in such a way that it fits a predetermined risk tolerance.

Aman FX Traders does not serve investors from the US. While they’re not disclosing their actual physical location, we believe that they’re probably based in the UK.

In this review, we’d like to see whether this is a viable investment opportunity. We hope it’s not going to turn out like Forex92 or any of those scams.

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Aman FX Traders review

There are various factors upon which this company’s operations are built on.

Specifically, Amanfxtraders wants investors to know that their service is built on the following elements:

• Market analysis
• Trade planning
• Entry and exit
• Position sizing
• Risk management
• Continuous monitoring
• Trading tools (proprietary custom indicators, risk management, pattern recognition and risk analysis software
• Control and transparency.

Having highlighted the above elements regarding their trading operation, Aman FX Traders believes that they’re providing the best managed Forex accounts on the internet.

Additionally, they want traders to know that their traders don’t use Forex robots.

Entry and exits are optimized for profitability. Position sizing is done in such a way that it is in line with the investor’s capital and risk tolerance.

They claim that the company’s risk managers rely on information provided to them by market analysts. This information comes from economic news, order flow analysis and geographical updates.

The managed account provider also lets traders choose their own broker and does not have lock-in periods.

While the presentation sounds professional, we’re still not sure what trading approach the team is using to generate revenue for their clients.

We’d like to look at their trading strategy because this is a very important part of any review that we write here.

Aman FX Traders strategy

In terms of trading strategy, AmanFXtraders claims that they have an agile trading plan in place which enables them to maneuver the changing market conditions swiftly.

They claim to work with “certified market technicians and analysts” who identify opportunities for trading.

Nevertheless, the website has not provided details about their trading strategy other than giving us a generic explanation of how the trading process is conducted.

Most renowned fund managers will give a sneak peak of their trading strategy rather than giving vague explanations.

Aman FX Traders does not provide any insight into their trading approach. We wanted to review this strategy to determine what trading methodology it is and whether it is viable in the long run.

Therefore, since there’s no explanation of the trading strategy in use, it can be difficult to determine whether the revenue figures projected on their site are attainable.

Investment packages

There are 4 investment packages for clients who want to take advantage of Aman FX Traders managed accounts.

Details are as follows:

[tabs][tab title=”Bronze”]

[/tab] [tab title=”Silver”]

[/tab] [tab title=”Gold”]

[/tab] [tab title=”Diamond”]

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There’s nothing out of the extra-ordinary in these investment packs. However, Aman FX Traders does not disclose whether their performance fee is based on High water mark.

High water mark ensures that clients can only pay fees when there is new profit compared to the previous amount of profit in which a fee is deducted.

Trading performance

Aman FX Traders claims that their trading performance can be viewed on myfxbook.com.

However, they’re hesitant to include their myfxbook performance so that results can be viewed right away without ever sending an email to their support.

Because of this, we can’t verify the claim that annual returns can be up to 70% with a maximum draw down of 20%.

We wished these results could have been made readily available. It saves time and makes the service looks straight forward from the word go.

Update: We’ve managed to find a link to this company’s myfxbook account. This myfxbook account shows average monthly gain of 4% and a draw down of 43%.

Obviously this draw down is very big and we’re wondering how they’re able to recover from such a draw down. Also, this points to the possibility that AmanFXTraders is using a high-risk trading strategy and not managing draw down effectively.

Whatever the case, their advertised draw down of 20% annually does not match what we see on their myfxbook.com account.

Conclusion

While the service comes across as professional, we still fee that AmanFXTraders is making their clients’ work difficult since they’re insisting on sending performance results upon request.

Also, we feel that the service is not yet 100% transparent. We’d like to see a proper introduction of who the traders are and how they’re going to handle our accounts.

Other than this, we believe that the alleged trading results are attainable since most money managers can comfortably produce 70% annually.

We only need assurance through trading strategy and results.

If you have something to say regarding this review, please leave your comment below.

Thanks for reading the Aman FX Traders review.