Welcome to the FXMA review.
The domain fxma.com.au suggests that the operators of this website are based in Australia.
FXMA is claiming to be the registered trading name of Aleda Captial Pty Ltd.
However, the website of Aleda Captial Pty Ltd appears to be a high-risk place to visit if your PC does not have a proper anti-virus.
They also claim that FXMA is associated with an Australian company called HLK Group Pty Ltd.
The website of HLK Group Pty Ltd does exist but there’s no way to tell whether or not FXMA Managed accounts is associated with them.
FXMA claims that they’re looking to bridge the gap between MDA investment managers and people looking to invest.
They believe that a solid wealth management product is transparent and simple.
They even claim that Aleda capital believes that individual investment goals are directly correlated with their risk profiles.
The website has also pointed out that through Aleda Capital, they offer ASX listed exchange traded fund strategies.
They call them Utilis Strategy and Edulis Strategy respectively.
Before you use an investment manager like FXMA, you need to read this review and decide for yourself whether or not this fund manager is worth your time.
FXMA (Forex Managed Accounts) review
The website of FXMA touts simplicity, transparency and diversification.
They claim to invest in Forex and Gold markets.
In another section of the website, they reveal that FXMA Forex managed accounts is offering 3 investment strategies. They list them as follows:
- Asper strategy: considers key market levels for patterns and trends while taking care of volatility. They believe this strategy ensures sufficient risk control
- mElatus strategy: Seeks to understand the global FX market by analyzing data from big Forex brokers. Decisions are supposedly made when key indicators agree based on historical performance.
- Phyllo Strategy: It buys and sells positions based on a basket of equally-sized smaller traded. FXMA also claims that uses sophisticated indicators to identify trends in the Gold market thus managing risks.
So far, FXMA Forex managed accounts has revealed 3 strategies.
They’ve also provided a link to their performance where potential investors can view results.
Unfortunately, this link takes us back to the website of Aleda Capital; the very website that we’re afraid to interact with since our browser tells us that it is potentially risky.
While the website of FXMA Forex managed accounts is minimalist in nature and sort of professional, this is not the case with the entities they claim to be associated with.
The only exception here is HLK Group which is allegedly an Australian-based financial service claiming to be regulated by the country’s top financial service.
Is FXMA really profitable as they claim?
Well, their marketing statement suggest that FXMA is offering managed accounts designed for the investor in mind.
However, they’re not telling potential investors what monthly returns and risk or draw down is to be expected.
Unlike most websites purporting to offer genuine managed Forex accounts (Forex92 is one of them), the website of FXMA only talks about their 3 strategies.
They’re not talking about how to get started with their Forex and Gold managed accounts.
It seems clients wanting to sign up must contact the company’s representatives to establish where and how to get started since the company is not providing any details of their managed account packages.
Another point of concern is that this website is providing a link to their performance page but clients can’t view the results since it is linking out to a suspicious web page.
If FXMA Forex managed accounts website can link to such a suspicious website, do you think they’ll manage your funds at all?
This is the main concern that we have apart from the obvious fact that their website is not offering trading results at the moment.
We don’t have any confidence in FXMA Forex managed accounts.
At first the site looked professional but this perspective was quickly changed when we discovered that it was linking out to a suspicious web page.
If they claim to trade the Forex market, they should probably present results in a myfxbook account for example.
This would make their work a lot easier instead of going through the hustles of providing results on their websites.
By the way, such results have not been audited by a third party and may be disputed.
It shows that FXMA is actually the opposite of a transparent fund manager.
Thanks for reading this FXMA review. You should provide your feedback if you’ve ever used this service at one point.