FX Gainer Review: Scam Managed Accounts, Forex Signals?

Welcome to the FX Gainer review.

I’m looking at fxgainer.com (Forex Gainer), a site that provides a combination of Forex services which include trading signals, managed accounts and a trade copier for MT4.

FXgainer also provides a high yield investment program (HYIP) with a “monthly guaranteed return of between 80% to 200%”.

I’ve seen corny financial services advertising these crazy figures hoping to capture the attention of the financially naive.

Good examples include Forex92, World Markets, West Capital Trading, LadyF trader and many others.

These earning claims are aggressive and hard to believe because in Forex trading, there’s nothing like guaranteed returns and secondly, it is not possible to consistently make 80% to 200% every month.

If they want to convince the trading community, FX Gainer needs to provide independently verified trading performance in order for their claims to be substantiated.

Furthermore, HYIPs are often associated with scams because services that offer then don’t operate with any transparency or accountability.

See Wikipedia for more info about HYIPs.

The vendor claims that they’ve been around since 2007. I’m not able to verify this claim since the owner of the site has registered it anonymously.

FX Gainer is purported to be the trading name of a company called Forex Gainer Financial Ltd.

They list their physical address as 2743 Shinn Street, New York 10011 United States.

Clients who want to contact them can do so using the phone number +1 334-581-1230 or email them at info@fxgainer.com.

FX Gainer Review

The vendor believes that their service is providing an excellent trading solution.

On top of that, Forex Gainer believes that traders cannot sustain a win rate of 70% due to the changing nature of the Forex market.

They want traders to know that the reason they’re “successful” is because they’ve adapted a systematic risk control strategy which enables them to make money even on a 50/50 win ratio.

They also claim that FXgainer is guaranteeing between 500 to 1500 pips every month.

I’m not sure why this vendor believes they can guarantee and achieve the number of pips mentioned.

I would like to see verified performance of their trading activities because at this rate, the trading community will end up with lots of promises which disappear like fart in the wind.

In addition to this, FX Gainer needs to disclose their trading logic and risk control strategy.

We need to know details such as risk to reward ratio and draw down to decide whether FXgainer is a suitable financial solution as purported on the sales page.

Unfortunately, this vendor does not provide any of these crucial details.

Instead, they’re listing their 4 trading services and expecting the community to figure it out on their own.

Forex Gainer review: products details

I like capturing details on a table to make referencing a lot easier.

The vendor is offering 4 different services, although I’m not very confident about their purported monthly returns.

Furthermore, the Forex trading community is not accustomed to HYIPs because of their bad reputation and the fact that money is usually sent to an individual and not a broker’s account.

Here’s what FX Gainer is providing the investment community with and claiming that they have the best Forex trading solution.

[tabs][tab title=”Forex Signals”]$25 for 25 days

3 to 10 alerts daily

Currencies, Gold and Silver

500 to 1500 pips monthly

Signals sent with TP and SL

[/tab] [tab title=”Trade Copier”]$45 for 20 days

3 to 10 alerts daily

Currencies, Gold and Silver

500 to 1500 pips monthly

Signals sent with TP and SL

[/tab] [tab title=”Managed Account”]$1,500 to $100,000 minimum deposit

80% to 200% monthly gains

Incentive fee: 35%

Broker: Any

[/tab] [tab title=”Funds Management”]Doubling returns after 8 days

Investment is between $300 to $2,500

[/tab][/tabs]

Features listed in FX Gainer’s trade copier don’t make any sense.

The vendor just copied features of their Forex signals and pasted them on their trade copier description.

A trade copier software is supposed to mirror trades from a master MT4 trading platform to a “slave” MT4 account.

Therefore, the issue of take profit, stop loss and number of pips is totally irrelevant.

Furthermore, their funds management plan is purportedly doubling investor deposits in 8 days.

This sounds like a big fat lie because it makes no sense at all.

FX Gainer is either scamming its clients or running a ponzi scheme business which eventually collapses and the owner eats investors’ funds in the process.

I’m particularly concerned with how these funds are “doubled”.

FX Gainer does not provide an explanation of how they invest and double the funds.

They expect clients to give them the benefit of doubt. However, once beaten you should be twice shy.

These programs have scammed many people on the internet and I don’t believe this can be a part of the services allegedly offered by FXgainer.

Trading results

Despite providing earning numbers and even telling the community that this service guarantees up to 1500 pips per month, there’s zero trading performance.

FXgainer is unable to prove that the figures are real.

I usually tell vendors such as FX gainer to use a statement sharing service like myfxbook in order to gain the credibility which they’re desperately searching.

Not only will this allow me to analyze their trading style, but it also adds a touch of credibility and transparency, which is exactly what a financial service needs.

With zero trading performance to prove their earning claims, we can only conclude that FX Gainer is not a serious financials service.

FX Gainer reviews

I’ve not seen reviews from customers yet.

Even if they claim that the service has been around since 2007, the site’s alexa ranking tells me a different story.

It appears that this site was registered just the other day. Traffic to the site is insignificant.

With this observation, we can conclude that FXgainer does not have any clients yet. If they had some clients, we would be probably seeing reviews of this service everywhere.

Conclusion

I’m skeptic about a service that provides high yield investment programs alongside authentic Forex trading services like signals, a trade copier and a managed account.

My impression is very negative about this vendor.

If FX gainer cannot prove to the community that they’re serious about their service, then definitely they’re a phony trading service.

I cannot recommend them to the trading community at all.

Thanks for reading this FXgainer review. I would like to read your comments regarding this service.