Welcome to Winfx.co review.
Win FX is purporting to offer automated trading with up to 10% monthly returns.
WinFX is providing multiple account types with different trading styles ranging from conservative to moderate and aggressive or a mixture of all.
Funds of their clients are kept in a segregated account with an ASIC-regulated broker in Australia.
Win FX also wants investors to know that their service uses artificial intelligence (AI) to formulate trading strategies with rigorous risk management in order to “grow wealth through automation”.
They even claim that their trading technology works in a similar manner to Google DeepMind’s AlphaGo.
Nevertheless, they provide more clarification by saying that their trading technology leverages deep learning, machine learning as well as reinforced learning algorithms in order to automate trades.
The description they give concerning their AI trading technology is sort of repetitive and vague.
The main idea is that Win FX wanted investors to know that their AI trading technology is dynamic, unique and profitable.
They even claim their AI trading system has consistently generated 5% monthly returns for years.
When managed account providers make these declarations, we usually expect to see third party verified results of the same.
Win FX is so far professional in terms of how they present their business to prospective investors.
They even claim to have a great work culture which entails paid vacations, healthy meals, flexible work hours and so on.
The company is located in London and can also be contacted using the email email@example.com or their phone number (+44) 020 7164 6938.
Read this Win FX review to make a good decision on whether or not this can be the ideal place to put your money in.
Win FX Review
They approach investors by telling them that AI trading is simplified investing and it gives more time for people to do what they love doing instead of managing their money.
Most of the marketing content on the WinFX website is talking about their AI trading technology and how it is superior when it comes to investing.
The company is providing a myfxbook link which highlights two trading strategies namely Alpha Core and Alpha Seeker.
Obviously investors who don’t know how to analyze trading strategies will not be able to interpret what is going on in those strategies.
However, it’s good to see that Win FX has provided a myfxbook link on their website so that traders like us can go through the data to determine whether investing with this managed account service is worthwhile.
Win FX also lists 4 reasons why they believe to be the best in the industry.
They claim that they’re flexible hence no lock-in periods, entry, exit or on-going fees.
They claim that Win FX is transparent as funds are kept in a segregated account with an Australian bank. They also claim that managing risk is their priority.
They also want investors to know that Win FX uses a number of trading strategies.
These trading strategies are allegedly powered by AI, machine learning and data analytics to bring “fully digital automated investing experience” to the customer.
The 3 strategies of trading listed above (conservative, moderate and aggressive) are not providing enough insights into how trading is done.
Perhaps it’s difficult to explain AI technology in trading because in such a trading environment, there are multiple trading strategies in use and various factors coming into play as the system adapts its logic to future market conditions.
While this information is appreciated, Win FX does not introduce the traders and their experience.
We’re able to get some clue from their myfxbook account which depicts both strategies having been started in January 2017.
Win FX review: additional product details
Minimum deposit: £10,000
Incentive fees: 30% to 40% of the gains
Restricted countries: Somalia, Syria, Sudan, Myanmar, Yemen, Japan, South Korea, Cuba, Iran and North Korea
Monthly returns: Up to 10%
This minimum deposit is relatively high and could lock out investors who are not willing to commit this much upfront.
Also, before we believe the 10% story, we need to analyze past performance to see whether Win FX has been able to achieve those results as purported.
In terms of incentive fees, we think they’re average as most fund managers charge anywhere between 20%-40%.
Their Alpha Core trading strategy depicts returns of +1331.83% between 2017 and September 2019.
Monthly return is 8.33% while draw down is 46%.
This tells a lot about the strategy model which they’re using. For example, we can tell that the strategy is high risk, hence the high draw down.
A strategy that uses proper money management techniques will not have a draw down bigger than 20%.
As for Win FX’s Alpha Seeker strategy, we see a gain of +250.86%, a monthly return of 4% and draw down of 21%.
Draw down is acceptable plus the figures look impressive.
Investors would probably opt for the second strategy.
However, it should be noted that these strategies are no longer modeled on myfxbook.com. Win FX tested them for 2 years and ceased the testing altogether after achieving a positive equity curve.
Win FX customer feedback
There are currently no reviews or customer feedback regarding this fund manager’s quality of service.
According to who.is, Win FX website was created in January 2018 but the site’s Alexa ranking shows that they’re not receiving any significant traffic.
It is possible that this service is not trading for any customer at the moment.
Otherwise, we should be expecting feedback from their clients already since 2 years is a long time to offer a service like this while going unnoticed.
Win FX provides their strategy models on myfxbook.com and one of them depicts favorable and steady returns in the long run.
Nevertheless, minimum deposit is very high and some clients may not be willing to invest at all unless this is lowered.
While results seem impressive, Win FX has not received any reviews from their clients yet. The reason I’m seated on the fence is because despite the promising results, nobody seems to be using this service at the moment.
Thanks for reading this Win FX review. We would like to hear your opinion regarding their managed accounts.