FxMAC is a company that mainly provides account management services for Forex traders who desire to have their investment portfolios run by professionals. So, the team promises to get you strong monthly profits with the lowest drawdown by using diverse and secure strategies. We review the company to ascertain if it can deliver on its promises.
FxMAC is a global online company whose commercial office is based in London, Kemp House. This office is mainly used to hold personal meetings. The headquarters are in Saint Vincent and the Grenadines. Unfortunately, the team that offers the management services has not been revealed. For this reason, we highly doubt their qualifications.
Features
The account management service features the following:
- Four distinct intraday trading programs
- Application of stop losses and take profits to every single position open in the Forex programs
- Works with different brokers including IC Markets, Fusion markets, VantageFX, LMFX, and FxChoice
- Personalized advice on how to diversify investments
- Money management techniques that aim at regulating the risks and safeguarding investments and profits attained
- Referral programs.
Each investment program has its own trading strategies. We have provided their descriptions below:
- Program 1 is an intraday night trading approach, which is built upon an intricate neural network model that enables it to adjust to market changes. It can keep risk ratios at safe levels and make profits continuously.
- Program 2 is an intraday-trend-following strategy, which opens and closes trades within a few minutes or hours. This method is said to attain yearly profits with a relatively low and stable drawdown.
- Program 3 is a conservative institutional trend intraday strategy that is based on Candlestick patterns, Fibonacci Levels, and Moving Average. It opens a few trades daily, taking advantage of potential small profit opportunities.
- Program 4 is an intraday investment strategy, which opens a few positions weekly.
How to start trading with FxMAC
To begin enjoying the services offered by FxMAC, you are required to open an account with one of the recommended brokers and follow the guidelines provided by this company’s team. This will only take 5 minutes. You will also be asked to sign the Forex Account Management Agreement-Lpoa (limited power of attorney). After that, the professionals will take care of your trading.
As mentioned earlier, the vendor offers 4 different programs, and each attracts a certain fee. The first investment program requires a minimum investment of $50,000 and charges a 25% performance fee. If you decide to invest $100,000 instead, then the fee reduces to 20%. The same costs apply to the second and third investment programs.
The minimum amount you can invest with Program 4 is $15,000 with the performance fee to be paid is 35%. However, if you invest $25,000, a 30% fee will be required.
Backtests
FxMAC does not include any backtest results in its presentation. We have established that the company’s professionals use a variety of strategies while running accounts on behalf of their clients. So, the lack of this data is a huge setback as it makes it impossible to determine the efficiency of these approaches. Perhaps they do not work well, and the team doesn’t want to risk us finding out.
Verified trading results of FxMAC
For a company that prides itself in being transparent, we were disappointed to learn that it doesn’t keep its word. Rather than providing us with links to live accounts that they are managing, the professionals have decided to only post the screenshots. We even doubt the credibility of these images. This is because we searched Myfxbook but could not find any account run by this company. It is likely that the portfolios we are being shown got burned, prompting the team to remove them.
Customer reviews
There are a total of 5 reviews for this fund manager on FPA. The FPA team warns us that FxMAC once attempted to provide false information on its performance tests.
Therefore, the available positive reviews may not even be genuine. On another note, the two disgruntled customers intimate that the professionals are a bunch of amateurs as they apply random gambling and can easily crash your account.
Is FxMAC a viable trading option?
Advantages
- Offers referral programs
Disadvantages
- No backtest data
- Unreliable live trading data is provided
- Negative feedback from its clients
Summary
FxMAC is only after your money. The company has no interest in growing your investment. If it was, then it would employ highly qualified asset managers that would ensure you profit from the Forex market. Instead, we only have a group of amateurs who are clueless about trading. Worse still, they cover their incompetence by hiding their backtest and live trading data. On that account, avoid this company’s services.
