Managedforexwithus.com, aka MFWU is a Forex managed account service that is run by programmers and manual traders.
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The vendor’s fund management service is promoted as manually managed robotic trading with diversified risk.
MFWU team believes that the parameters of the strategy used must change according to the changing market conditions.
They also want investors to know that the success of their system is based on the join effort of other traders.
The service is currently providing managed accounts, Forex signals and a trade copier.
Managedforexwithus is also inviting Forex brokers for purposes of providing them with signals that their clients can use.
The service is operated by Norbert Zoltan Nagy who is an EA programmer.
They don’t say where they’re coming from or for how long they’ve operated MFWU.
According to the promotion materials on this site, Mr. Nagy was trading Forex for 3 years only before he founded Managedforexwithus.
He claims that he teamed up with like-minded individuals to share strategies and program them into EAs.
From this statement, I understand that Managedforexwithus.com was born at or around this time.
But when I run their website on a domain checker tool, I realize that the website is only 5 months old.
This is contrary to what Norbert Zoltan Nagy is telling us about his trading and how he founded MFWU.
Moreover, he claims to have started trading in his 20s but his profile picture does not look like that of someone in his 20s.
Probably this is so because the service wanted to create an impression of having existed for a long duration.
Whatever the case, I always appreciate honesty in the way bios are written and how a trading service is presented to traders.
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Managedforexwithus review: details of the service
The vendor provides a simple website with just a few sections that describes their managed Forex accounts, signals, costs and how to get started.
They also provide 4 photos of their team members where 2 are traders and the other 2 are programmers.
Managed Forex with Us only requires a trader’s MT4 login credentials to connect with their master account.
The service claims that no LPOAs or MAM/PAMM are required for this setup.
They wanted to make it less cumbersome and more straight forward.
It is also worth noting that the service is providing Forex signals were a monthly subscription costs $50.
The way it works is that a subscriber will pay this amount to receive signals from one trader.
If he wants to receive signals from all the 4 traders, then he must pay $200 per month.
I don’t know why they charge their signals separately instead of giving us one holistic price.
Also, Managedforexwithus is developing Forex robots for clients.
One has to send a message to get more details of how to automate their strategy with this service.
The MFWU 4 trading systems
At the bottom of this vendor’s website is a list of 4 trading systems from each one of the 4 traders.
As always, I expect to see details or insights of how these trading systems work.
Vendors will always provide a brief overview of how their system work before showing us their trading performance.
In my quest to find out more, I was redirected to another page where the vendor posted their trading statement.
Before I look at their trading statement, I would like to know what kind of trading methodology they’re using.
I don’t wish to subscribe or recommend a trading system that I have no idea of.
The MFWU team should definitely consider adding this information.
Managedforexwithus trading performance
The vendor has published their trading statements corresponding with each one of the 4 trading systems.
While I appreciate this move, I am of the view that this is not the best way to demonstrate results.
First of all, all of the trading results are outdated.
I would like to see what they’re currently trading instead of only showing us results for last year.
They obviously can’t achieve this with a trading statement but a myfxbook account would help them do it.
I would also want to see what the drawdown is, monthly return, risk analysis and even a graph that tells me whether or not their trading is consistent.
The Managedforexwithus team should really give it a second thought because their style of presenting results does not give us all the information we need.
This service is very new and so customer feedback is either limited or non existent.
That said, I still managed to find 2 customer feedback from the FPA forum where the service was actually rated well.
The reviews were published in 2021 but since it is still too early, we can’t judge the service based on the opinions of 2 people.
We need more feedback to make a conclusive judgement.
In fact, you can use this space to leave your comment because feedback is one of the things we consider when writing reviews.
They should just work on creating a Myfxbook account and showing us their results from that account.
MFWU has also omitted information concerning the fees which they charge for using their managed Forex account service.
This information should be readily available on their website as it minimizes a lot of unnecessary back and forth email communication.
At this point, I would like to see their results in a transparent way before I can trust the service and even recommend it.
Thanks for reading.
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