FXWINTRADES managed fund performance

Re: fxwintrades
If you're in doubt about their managed fund performance, take a look at the results fxwintrades achieved with my account. Result sheet attached.

It's not the amount (or percentage loss) that's a great concern here because we all know the risks, but look closely at the size of profits v losses.

1. Where is the claimed risk management?

2. How do these performance figures conform with those presented when fxwintrades was touting for customers?

3. Why does fxwintrades suppress all trade specifications, open, close, direction - everything, from the broker platform? You cannot view the trades live or even see your account number!

There are a dozen more relevant questions, but the answers are quite clear without delving further. Check reported trades against the charts.

It's your money, YOU DECIDE

You could be beter off trading your own mini account,at least you would learn from your losses.

man, i see what you mean. the losses on there seem to be out of place when considering the size of the winners. i did see one $58 winner, but that is the only substantial win in the whole list, and even then the biggest loser is $71.

Thanks for your observation Merlin.

The name for that trading technique I believe is 'CHURNING' ... the result is lots of nice broker commissions for the trader and all at the expense of the fund owner.

That excellent forum 'FX-Review' has several reports in the same dismal vein. Quite a few 'wise rats' seem to be jumping off the sinking ship. The operator has sent a reply by email with 'excuses' for the performance claiming 'surprises' (whatever that means) has cause the problem, yet still claims to have been a successful trader for eleven years. None of it adds up to my way of thinking.

In sharp contrast, I had a similar experience with FxSol over a year ago. When the trading technique was pointed out to the CEO, he immediately admitted the problem and authorized the refunding all losses, which happened within an hour! ... that was an HONEST response and it gained my respect. FxSol has gone on to impress in a number of other ways, including extremely fast withdrawal processing, and I believe are totally trustworthy. Cannot say the same for fxwintrades.