Prince FX Trading promotes its services by proclaiming 6 years of experience and deep-knowledge in the Forex market.
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Prince Forex Trading provides account management services, a Forex robot called Prince FX EA and copy trading services.
The vendor would like traders to know that they’re seeking to build long-term relationship with clients through delivering consistent returns.
The company’s copy trading service is allegedly going to make 10-30% monthly returns for traders who subscribe. Those who opt for their managed account service are promised 20% to 50% in monthly turnover.
In addition to this Prince Forex Trading wants clients to sign up for their local trade copier under their IB. Minimum account balance required is $1,000.
Trade copier will be charged $50 but if account balance drops to $500, trade copier subscription will be $25/month.
Prince FX Trading also claims that their clients will be provided with top 1% account managers who will manage their accounts safely to gain realistic and consistent returns.
They want investors to know that their team of account managers have been handling “VIP accounts to minimize intrinsic risks while multiplying profit”.
Their Prince FX EA sales page is equally making these attractive promises and has been the subject of many reviews in trading forums like Forex Peace Army and also in blogs.
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The company cites SHEHZADA BEHRAM as the director and pro analyst in the team.
They also proclaim to have a decade of experience in delivering insights and strategy, 8 years of media research and 2 years of auto trading.
Prince FX Trading and Training center can be reached through live chat or by sending an email to either of these two addresses:
As always, every Forex vendor out there must promise to deliver using words that investors want to hear.
Welcome to the Prince FX Trading review.
This looks like an interesting service. I’ve reviewed shady managed account providers like Forex92, Ladyf Trader and many others.
So I know exactly what to look for whenever I encounter them.
Prince FX Trading review
In a nutshell, this vendor provides copy trading, managed accounts and a Forex robot.
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They advertise their service as a fully comprehensive set of Forex advisory services. There’s much emphasis on consistency and knowledge.
They want traders to know that their company has employed professional traders who work with every investor based on their needs.
The website is quite professional. However, they’re using a lot of text to try explaining what they do and why they’re the best.
While going through the website, I found it quite overwhelming but the point is, I understood that the trading operation is offering 3 types of services as stated above.
Nevertheless, it appears that Prince FX Trading is also offering trading services in stocks, commodities and indices since they claim that their team of analysts have in-depth experience in these.
We don’t know about their trading strategy or how they manage risk despite using too many words to try explain their prowess in trading.
Also, since Prince FX Trading is directly announcing that they offer trade consultation services, they may need a license from the financial regulator in their area of operation.
The vendor appears to be based in India and if that is the case, they would need authorization from SEBI, which is the main financial regulator in the country.
They tell us that their Forex robot, Prince FX EA possess a strict and distinctive internal money management system which works well in scalping and swing trading.
Safe trading mode is used to eliminate unnecessary risks and enter the market at the right opportunity to earn decent and consistent profit.
They even proclaim that Prince FX EA is the number one choice for traders and investors from across the world.
Prince FX Trading provides a bunch of myfxbook trading results for verification.
So I’ll go through one of them as this will give us a good picture of how the Forex robot works.
This myfxbook account goes by the name PrinceFxEa-Live-2 and is hosted by Super Forex broker.
The account was operational from 24th November 2016 till august 2017 which begs the question of why this account is not being traded anymore.
During this time, average monthly gain was 41% while draw down was 4%.
These numbers are very very impressive. I don’t know how Prince FX Trading managed to achieve the figures with their robot.
Thankfully, a closer look at this myfxbook account reveals it is not fully verified by myfxbook and that means results cannot be honest.
Also, absolute gain was +26228.88% while overall gain was +2330.39%. The vendor should probably explain why this is so.
These figures should essentially stay the same. If that isn’t the case, then I suspect Prince FX Trading was crediting the account each time there was a lose to make the equity curve stay on a positive climb.
Prince FX Trading copy trading and managed accounts
Getting started with this copy trading service is a matter of creating an account and picking traders with the best performance records.
Prince Forex trading does not say whether these traders work for the company or are providing their services independently.
Also, I’m not sure how credible and transparent the system they use for gauging traders’ performance is.
On the other hand, Prince Forex Trading wants investors to know that their managed accounts are operated by profitable and reliable equity and portfolio managers.
So that is why they provide 20% to 50% monthly gains with risk/reward ratio of 10 to 35%.
Commission charged on profit is between 25% to 60% depending on how much an investor puts in.
Minimum deposit is $5,000. However, choosing to invest this amount will result in the vendor taking a whooping 60% from the investor’s profits and delivering 40% only.
This is a way of encouraging investors to deposit big amounts which is certainly not a good thing to do if you’ve not tested their services yet.
On the other hand, the incentive model used in their managed account services is quite weird as no service provider can charge 60% on profits.
Prince FX Trading has a professional website in place with the most sought after trading services.
However, I feel that this vendor is not able to sufficiently demonstrate their trading results in the past to proof the consistency which they preach.
If I pick their copy trading service, I will never be sure what criteria those traders are ranked based on.
Furthermore, their Prince FX EA landing page does not provide a complete account of what transpired which led to the termination of trading in the accounts linked to myfxbook.com.
At this time, I don’t see myself recommending Prince FX Trading until these issues have been ironed out or an explanation is given.