Welcome to the Managed Forex Ltd review. Today we are reviewing this managed Forex trading service because it has attracted some attention lately on forums like Forex peace army and in other places.
Managed Forex ltd wants traders and investors to know that they are providing alpha returns using impact trading systems.
They claim on their website that since 2015, the company has been providing high performance managed FX accounts to clients in over 80 different countries.
Forex Peace Army reports than between 2016 and 2017, Managed Forex ltd submitted a high number of suspicious positive reviews on their platform.
As you can see, the ratings and reviews that endorse this service appear to be too good to be true.
They also claim that the aim of the service is to give traders an opportunity to utilize their experience, knowledge and professionalism.
Managed Forex Ltd advertises several supposed advantages of investing on their managed FX accounts. We need to establish the truth about the advertised service so that when you eventually make up your mind, you’ll be making an informed decision.
Managed Forex Ltd review
The website is allegedly run from 50 Clooney Terrace, Londonderry BT47 2TQ, UK. To reach them, investors can contact them using the email email@example.com or using the phone number +44 (0) 2895817456.
The business was founded in 2014 by CEO Greg Hay, HR manager (customer support) Ian Wallace and senior trader Kyle Hay.
It’s quite interesting how they make their presentation. This is professional and acceptable enough compared to majority of services that provide managed Forex trading accounts to the public.
However, the one thing that will do more harm to this service is the suspicion that they are submitting fake Managed Forex ltd reviews on the internet to make it look as if many customers are satisfied with the level of service and returns which they offer.
Some of those reviews can also be found on TrustPilot (a review site that is known to post fake reviews as long as the moderator’s pockets are aligned).
Actually you should not believe the testimonials and reviews which you see on TrustPilot.
Managed Forex Ltd is accepting a minimum deposit of 2000 Euros. They claim that funds will be traded by professional traders who have extensive market analysis experience.
They also want investors to know that the team is utilizing programming and algorithmic trading tools which they have developed on their own.
They claim that they already have a track record and it is also possible to achieve even more financial stability with this managed Forex account service since they are constantly developing their trading strategy.
The main selling point of the service is transparency, partnership with a variety of Forex brokers as well as competitive returns.
To get started, the team seeks to make investors understand how the service works, the trading strategy in use, historical performance in addition to all fees involved.
Managed Forex Ltd review – trading strategy
There are two trading strategies with details published on the official website of the Managed Forex Ltd company. These are called Super spec v2 and man forex ltd super spec v2.
Both of these trading strategies have been documented in terms of past performance on the myfxbook platform. These myfxbook accounts are only a couple of months old since they were setup sometime in 2019 of April.
This service has been in operation since 2014, so we do not understand the reason as to why they decided to setup a myfxbook account the other day.
It is possible that they have been setting up these accounts in the past and failing to make consistent returns which led them to delete most of the poor performing trading accounts on myfxbook platform.
If this assumption is true, it’s just a matter of time before we locate the specific myfxbook accounts that are not being shown to the public.
Managed Forex Ltd claims that their Super spec V2 strategy is their most successful trading strategy focusing on the EURUSD cross only.
The team wants us to understand that the strategy utilizes exceptional entry and exit points that create a unique trading experience.
This strategy is alleged to have been in use since 2015 although there is zero proof that this is the case.
They claim Super Spec V2 utilizes proprietary and highly effective strategy in all market conditions. The service charges a management fee of 25%. We are not told whether or not this is based on high water mark.
The service utilizes an Australian broker which is fine although it beats logic because there are many brokers in the UK who are just as reliable.
It might feel safer to trade with a local broker as opposed to an offshore broker.
We’ve analyzed both myfxbook accounts and realized that the draw down is quite high. Draw down should be up to 18% if the service is truly managing risk well.
In this case, draw down is 21% and 24% respectively. Since Managed Forex ltd claims to have operated this business since 2014, we expected them to document their trading results starting 2014.
And of course the fake Managed Forex ltd reviews makes the service looks shady. Based on this information, you should exercise caution.
If you would like to invest in a reliable managed Forex account with a top tier broker that accepts US citizens, click here.