Oak Valley Investments (oakvalleyinvestments.com) boasts of 10 years of trading experience, utilizing the skill of their ‘professional traders’ and cutting-edge technology to duplicate trades on their clients’ accounts.
Oak Valley Investments is ideally a managed Forex account provider or a PAMM investment program.
There are serious doubts about this company’s profitability, hence the reason I didn’t include it in the list of the best trading and investing services.
The company is run by Norman Hart and Dan Leman who are promising a 10% monthly return, a drawdown not exceeding 15% and a profit factor of 4.99.
They also claim that they’ve only lost in 1 quarter out of the 33.
The website is obviously saying that they’re profitable and it’s my ultimate assignment to verify these claims.
Also, Oak Valley Investment did not disclose where they’re trading from.
Their about us page makes a statement about Norman Hart’s achievements and how he’s managed tens of millions of dollars in investment fund.
In addition to this, the sales page claims that Mr. Norman Hart created a trading software that companies paid millions of dollars to acquire.
This sales page is obviously optimized to paint a picture of a typical hedge fund manager who makes millions but apparently has a heart of helping people.
Can you imagine that a high-flying hedge fund manager like Norman Hart is going to accept a deposit of only $1,000?
Oak Valley Investments – useful insights
The company’s website is painted in colorful language to convince investors that these folks are trading profitably due to their 10 years of experience.
They’re currently targeting professional investors, high net worth individuals, financial planners and new investors.
Oak Valley Investments’ website is mainly made up of ‘past performance’ results.
They show us results dating back to 2010 but their website was officially launched for business in March 2019.
The duo is apparently running a trading system called the legacy system.
The old legacy trading system was responsible for earlier results up to 2018.
The Oak Valley Investments website now claim that they’re trading the new system which is responsible for the 10% monthly return.
Is Past Performance really transparent?
I don’t find this presentation as transparent as it would be compared to when Myfxbook was used.
I am also not sure why Oak Valley Investments found it ideal to edit their results directly from the backend of the website.
The rule of thumb is to ensure that the vendor cannot edit their results.
But this is not the case.
In fact, this style of presenting ‘past performance’ has been used by well-known rogue websites such as WorldMarkets.com.
The company should definitely take this issue seriously if they want to be trusted.
I hope that Mr. Norman Hart will create a myfxbook account and let his results be as transparent as possible instead of using a website plugin where they can easily edit the figures.
In summary, I don’t trust Oak Valley Investments’ trading results.
Should you invest with Oak Valley Investments?
In as much as this vendor has posted a video and ‘trading performance’ to their audience, none of these things will serve as concrete proof of profitability.
Rogue vendors are known to manipulate video clips for purposes of marketing.
By merely stating that Oak Valley Investments makes 10% monthly return does not necessarily mean this is the truth.
Also, they state that drawdown is 15%.
My question is how do we verify this information?
This is the reason I keep insisting that vendors form a habit of documenting their results on myfxbook so we can see their drawdowns.
Apart from this, it will make their work easier by freeing up time for trading and concentrating rather than focusing on documenting results.
In short, I don’t believe Oak Valley Investments is a good Forex managed account provider.
Any feedback from the public?
Despite launching their business in 2019 and claiming to trade for hedge funds for the last decade, the people who run Oak Valley Investments are not able to garner any ratings or feedback.
I find this weird because if indeed this service is good, they should easily get customers who can leave reviews.
So far, I have not seen any and this would probably be the first opportunity to leave feedback so the world can also know whether it is indeed true the company is living up to its promise.
Lack of transparency is the number one concern why I cannot put money on Oak Valley Investments.
They also claim to be professional fund managers but in reality, no serious fund manager will be accepting $1000 to trade Forex.
Fund managers trade a variety of instruments as opposed to just Forex.
Their 10% monthly return would equate to 100% yearly.
I know that professional fund managers even struggle to get 60% yearly.
The portfolio of Mr. Norman is also unverifiable.
For example, I don’t know which software is this he was selling to companies for millions of dollars.
There are all kinds of questions that come up when we start to review Oak Valley Investments.
I hope to see more transparency in order to revisit this review.
Otherwise, I do not recommend the services of this vendor.