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Forex92.com is run by financial douchebags. It’s an obnoxious Forex investment scheme that operates under the guise of a genuine managed Forex account provider when it’s clearly a financial scam. This Forex92 review is all you will ever need to save yourself from the potential heartache.
We have done a couple of similar reviews of managed Forex accounts before.
We start this Forex92 review by questioning the authenticity of the earning claims on their website.
In all of the Forex92 reviews I’ve seen out there, nobody has been bold enough to question these financial huckster.
They claim to have generated cumulative returns of $4,582,147, which stands for a ROI of 11,325.21% or 22,997 pips so far.
Average monthly returns is allegedly between 20% to 30%. We need to verify this as well. Is there any link to a myfxbook.com account? Yes of course! There are two. Good, we can verify this information to ensure that we’re not putting our money into the hands of a bozo.
The owner of Forex92 managed accounts uses an alias Usman Ahmed.
If you do your homework well, you’ll see that the real owner of Forex92 doesn’t wish to expose their name to members of the public.
This is so sad..
Common sense would question why on the planet someone is trusting an anonymous person to manage their $5,000.
We definitely have a lot of interesting things to say about this managed Forex provider and unless they convince us otherwise, this Forex92 review will remain as is…… to inform, educate and let investors from across the world know that this is a no-go zone.
Welcome to the Forex92 review.
Some blogs are writing positive Forex92 reviews to manipulate the financially illiterate and to align their pockets in the process.
Other websites (which are either owned or affiliated with this scam) are also writing positive reviews of Forex92.com.
Well, if people are reading those fake reviews, they’re definitely getting sucked in and their bank accounts are being wiped clean.
Enough of this now. Let’s get to the interesting part of the Forex92 review.
This managed Forex account provider has not received any meaningful public feedback from real investors of MAM accounts, and I mean people who tried transferring their bank balance to the brokers affiliated with Forex 92 managed accounts service.
I was able to find a Forex92 review from a blog called campforex and the author’s sentiments here seemed to reflect my own.
When I did a little bit of digging around on Google, I saw two other websites where Forex92.com managed account service was being recommended.
By the way, a bunch of other financially hungry websites have also started writing fake reviews of this service.
In their reviews, they claim that there is nothing wrong with this managed account service.
Some examples of blogs where Forex92 reviews have appeared include the following:
- legalbinaryrobots.com (owned or affiliated with the corny operators of Forex 92 managed accounts service.
There can never be any conflict of interest in the case of these two websites; signals365.com (belongs to Forex 92) and investoo.com because they’re obviously getting kickbacks from the dubious managed Forex account provider.
If I am an dishonest internet marketer and would like to make a quick buck from something that is as awful as Forex92, I would simply do the same.
I would pay bloggers or look for guest blogging opportunities in popular Forex review sites and post deceptive reviews about the service. When the financially-naive bump into such reviews, they quickly pull out a $5,000 dollar bill, ready to invest in Forex92 managed accounts. Of course the end would be a fatal financial mistake.
Fortunately we have a conscience. We don’t endorse anything even if we are offered a million dollar kickback. Your financial-well being is much more important than the kickbacks.
By the way, this managed account service has partnered with other criminal enterprises like Robo Forex.
Check reviews of Robo Forex here.
There’s a mountain of complaints from angry Robo Forex customers who claimed they got robbed clean!
In other words, Robo Forex is a bunch of robbers just like their name. For screenshots of how these reviews looked like, check below.
Guys, this is getting serious.
If these hucksters can partner with thieves for brokers, then be sure that you’ll be transferring your 5K to a managed account owned and operated by an untrustworthy broker.
Before I forget, Blue Trading scam is back. You can read my expose about them here.
So, what exactly does Forex92 offer and what do they tell people who have not read a review like this one for example?
Forex92 review: 3 types of managed Forex accounts
They offer 3 investment packages. These are:
1.Personal account…………………………….$5,000 minimum deposit
2.Business account……………………………$10,000 minimum deposit
3.Enterprise account………………………..$50,000 minimum deposit
They’re advertising a minimum monthly return of 20% and a maximum of 30% depending on which managed Forex account package you have signed up for.
To open a managed Forex account, they want investors to send an email to [email protected] or chat with them directly.
These MAM Forex accounts are with PaxForex.com, SCM Forex and FXTM. PaxForex.com is a little bit dubious in their marketing as Forex Peace Army recently accused them of submitting many fake positive reviews.
SCM Forex is operated by Scandinavian Capital Markets SCM AB and overseen by Swedish Financial Supervisory Authority. There are zero customer reviews or feedback about this broker except a personal opinion on Forexbrokerz.com website.
We’re left with FXTM or Forex Time broker. This broker appears relatively safe to trade with except that many traders have accused them of having big spreads. They’re not providing satisfactory feedback regarding the same.
The other brokers they work with are AVA Trade and Robo Forex. Robo Forex is a pure scam! Ava Trade is more or less like FXTM.
I’ve got no idea how they trade with these brokers but my suspicious is that perhaps, the anonymous owner of Forex 92 is related with any of these brokers.
Having said this, we would like to review Forex 92 trading methodology and what they are promising on their site.
Trading methodology and the promises
They claim to use price action with Volume Spread Analysis (VSA). They want investors to believe that risk is controlled professionally and each trade is only taken after an extensive technical and fundamental analysis has been conducted.
Advertised draw down is 20% but their myfxbook link shows that they have a draw down of 51%. I don’t know why this is the case. I tried asking as usual using a pseudo email but got a deafening silence.
They assure investors that Forex 92 is only trading safe markets and avoiding markets such as Gold, Oil and CFDs.
If they are using price action with excellent risk management, they shouldn’t be having this kind of draw down. So obviously investors who had put their monies into this poorly managed Forex account counted their losses.
Forex 92 Managed Forex account blackmail
There’s been an illicit campaign initiated by the crooks and scammers behind this dubious Managed Forex account.
They feel threatened by this review of their managed Forex account service.
They feel bad that we raised questions that most of the fake Forex 92 reviews didn’t talk about.
But the bottom line is still the bottom line:
Every investor seeking to put his money into a managed Forex account must get the whole truth.
The main purpose of this campaign is to blackmail us to try and see whether this Forex92 review can be pulled down.
As always, we’re never willing to back down when we feel that an investor is about to lose money to a scam or a dubious managed Forex account provider.
We would rather favor traders and investors of managed Forex accounts than snake oil peddlers.
If peddlers of fake trading products have the freedom to vent in anger or even spoil our name, we’ll have more freedom and motivation to expose their sins to the world.
On the other hand, if a trading product vendor is honest with us, we’ll review their service in details and if it meets standards, we’ll recommend it. If it doesn’t, we’ll simply dismiss it.
Trading service providers like Forex 92 should understand this fact.
They should understand that in as much as they’d like to deceive investors into their managed Forex account program to make a quick buck, there are watchdogs like us who will always demand a track record before endorsement can happen.
Forex 92 managed account lacks this track record. It’s such a pity.
Underhand tactics never work! Period!
As soon as you visit Forex92 website, you’ll be welcomed by a woman presenter who was clearly paid to provide some fantasy showtime.
For the first time I was relieved from the pressures of trying to investigate a dubious managed Forex provider like this one.
The job was monotonous but at least the woman’s physical appearance provided the much needed relief albeit insisting that Forex92 was the real deal.
Forex92 review: Investigating the alleged returns of managed accounts
I asked a woman called Angela Riplay and got no fucking answer. I wonder how you’ll ever get an answer if you start asking the hard questions like me.
As you can see, the name is in italics and that’s because it makes no sense for these financial douchebags to reveal their identities at this point.
Anyway, strategy 2 was copied from Forex Lens. I asked them whether they are collaborating with Forex Lens. Again, I was met with deafening silence.
Their first strategy has made 25% gains since June 28, 2019. If you do your math, you will see that this is not 25% per month but 6% monthly return (with a huge draw down that wiped half of the investors’ deposits).
Forex92 is obviously a dubious managed Forex account with no reliable track record. Let’s ponder on the following facts:
- Fund manager does not give reasons why they’re riding on Forex Lens myfxbook.com results
- They’re anonymously running their website
- No response to customers who ask the difficult questions like why draw down is high
- The owner is quite arrogant
Thank you for reading this Forex92 review. We hope you learned something. If you have anything to say, please comment below this article.