FxFundManagement Review: Scam Forex Fund Management?

FxFundManagement.com (FX Fund Management) promises 10% monthly returns with low draw down. Forex Fund Management offers two types of investment strategies which are backed by a series of myfxbook accounts ….. some of which have not been verified yet.

In this review, we’ll be looking at what FX Fund Management offers and whether this website can provide stable returns as claimed on the sales page.

But first, we need to know who is behind this website, their physical location and what their trading experience is. Since they’re promising the trading community up to 50% monthly returns on PAMM accounts held by brokers such as FXPrimus and Tallinex.

A quick who.is search reveals that Fx Fund Management website was created in 2011 by JEREMY KURNIAWAN from Indonesia.

The owner of FXFundManagement claims that he is a fund manager and a trader as opposed to a salesman. He wants the trading community to believe that his website is not very much appealing because of this fact.

Those who want to contact Jeremy must do so using the phone number on his website +62 87 8700 1073 or use his email info@fxfundmanagement.com.

Note: For those of you looking for a reliable fund manager, this page has all the details needed for an investor to get started. 

FX Fund Management Review

FXFundManagement appears to have launched their managed Forex accounts in 2013 although Jeremy started trading in 2011.

This makes me think that at the time, he did not have sufficient experience to run a managed Forex account successfully.

2 years into trading is still a very short period of time for one to launch such a service. He has also not disclosed whether or not he is trading alongside other fund managers.

However, he has mentioned that he is using a Forex EA that looks to take advantage of volatility in the markets. When there’s volatility especially during news time, the EA will trade and win 90% of its trades.

This is just what he is claiming on his site and we hope he can prove this statement with a verified myfxbook account.

He wants traders to know that the EA does not trade on a regular basis but only a few times in a week. Investors can choose two types of investment plans or trading strategies.

Let’s take a look at the trading strategies offered by FX Fund Management.

Trading strategies or investment plans

There are 2 types of trading strategies. These include:

1.High Risk and High Gain

2.Low Risk Profitable System

High Risk and High Gain provides monthly returns of  between 5-50%. This trading strategy has allegedly been offered since 2012 which is obviously contradicting the original statement on the site concerning the year that FXFundmanagement launched their PAMM account service.

The minimum deposit for this plan is $1,000

In the second trading strategy, Fx Fund Management promises a monthly return of 3% to 5%. They want traders to believe that speculators would be looking for over 50% monthly return but real investors are concerned with low but stable returns.

The minimum investment for this plan is $25,000 which is very high indeed. This would require established or serious investors willing to trust FX Fund Management with their capital.

FXFundManagement claims to have found some clients already. The owner wants the trading community to know that clients from other parts of the world except US and Canada can open PAMM accounts with FXPrimus Forex broker.

Those coming from US and Canada can invest with Tallinex. Profit share is between 25% and up to 40%. This depends with the amount of money that an investor has decided to put in this Forex fund.

Trading performance of FXFundManagement

There are many myfxbook accounts on the website of FX Fund Management. I didn’t get a chance to go through all of them because the first two gave me a clue on what to expect with this fund manager.

One thing I noticed is that out of the 8 or so myfxbook accounts whose links are embedded on the FX Fund Management website, 6 or 7 of them had crashed.

This is a red flag and a cause of alarm because in as much as the website owner has created a disclaimer stating that income or profit is not guaranteed, no investor wants to partake in a risky investment venture whose reputation has been portrayed through these myfxbook accounts.

Because most of those myfxbook accounts have crashed, I will concentrate on those which have not crashed. I think there are 2 of them still running in the green zone (meaning they haven’t crashed just yet).

This particular one is showing an overall gain of +29.01% (as at the time of writing this review). Draw down is 14%.

The track record of this myfxbook account is not verified and when I check keenly, I realize that the account is not even active as FXfundManagement stopped trading it on May 17 2014 at 06:51.

This is a red flag.

Now, the second myfxbook account which is in the green zone is also exhibiting similar characteristics. Overall gain is +30% over a period of between March and Sep 2013.

Draw down is 14% but this account is no longer active. Trading stopped in Sep 19 2013 at 00:30.

This is a red flag.

The rest of the myfxbook accounts have since collapsed meaning that FX Fund Management banned all the funds in those accounts.

So clearly Jeremy is deceiving the trading community by shouting all over the sales page that his trading results are myfxbook-verified.

That is not true because none of those accounts are active and also not verified as well.

Customer reviews

There’s no feedback from the clients that Jeremy claims to work with. On the sales page, he claims that some clients’ PAMM accounts are held at FXPrimus.

If that is so, we should be able to see their comments everywhere on the internet whether they made or lose money through this service.

I would never encourage anyone to invest with a service that does not have reviews or testimonials from real clients.

Conclusion

I’ll be forced to dismiss FXFundmanagement just the same way I did with Panda Investing, Forex92, Surge Forex and many more.

It is quite evident that FX Fund Management is a money loser. The owner just takes commission and moves on to another client. But I doubt if any client has ever invested with this scam.

Stay away and thanks for reading this FX Fund Management review. I appreciate your comments as well.