FX Deal Club informs us that we can get a ‘complete FX Deals Management’.
They tell us that they are the developers who have 20-year of Forex-related experience. It’s a lie because the traders who started trading in 2001 are already millionaires, and they need to sell nothing for others.
The company has a Hedger EA robot in their portfolio. It costs $499 and includes free updates, unlimited usage, unlimited number of accounts (demo or real?) and 24/7 customer support. Unfortunately, there’s no refund policy provided.
FX Deal Club Trading Strategy
- The company runs the account using an insane combo of Hedge with aggressive Martingale.
- The developers note that the main strategy is softer – a price Action and trading around Support and Resistance.
FX Deal Club Features
The presentation lacks useful information about the system:
- The advisor executes “proven” strategies.
- We can work with 18 cross pairs.
- The main time frame is H1.
- The open trades are based on technical and fundamental analysis.
- The advisor looks for the best trading opportunities.
- The developers want us to provide all information about the account, including login and password.
- We can expect to get an ROI of 30-50%.
- The developers provide 24/7 support.
- The subscription can be bought for Bitcoin, PayPal, and Scrill.
- They start managing the account with $1000 or more on balance.
- The optimal balance to manage is $5000.
- Most likely, the developers forced us to change a broker house.
- We have to pay $250 before they start managing the account.
- The commission is 35% for winning orders. So, the loss deals we have to recover from our profits.
- Without login and password information, we can’t use this service.
FX Deal Club Backtesting Results
The developers provide us with no backtest reports. The system wasn’t tested well, and this has triggered losing a real account.
FX Deal Club Trading Results
There’s a real USD account on the FBS broker that was removed from the site, but it’s still available on myfxbook. The leverage is set at 1:500. We can note that a track record is verified – the data we see is relevant. It was found on March 16, 2021, and deposited at $3,540. The Profit is -$3515. The total gain is -99.41%. An average monthly gain is -90.65%. The maximum drawdown was -99.96%.
The system has executed 159 trades with -2670.3 pips. An average win is 15.49 pips when an average loss is -112.83 pips. The accuracy rate is 75% for Longs and 74% for Shorts. An average trade length is almost 20 hours. The robot has traded 324.93 lots. The profit factor is 0.91. Everything less than 1 is a scam
GBP/USD and Gold have brought most of the losses.
The advisor works mostly during the European trading hours.
It trades all days equally.
The system has redhead Stop Loss levels quite often on its open orders.
It’s a disaster. That’s why the widget was removed from the site.
FX Deal Club Reputation
They have no reputation after running the blown account. The developers hide information about company owners and traders from the people’s anger.
There’s a page of the company of Forex Peace Army with some fake testimonials. We may note that two accounts were stopped before the last account was blown. So, it was not the first attempt.
We are sure these testimonials are fake. How could the company be good in August 2020 if the blown account was started less than two months ago?
FX Deal Club Review Summary
- Strategy – score (2/10)
- Functionality & Features – score (2/10)
- Trading Results – score (2/10)
- Reliability – score (2/10)
- Pricing – score (2/10)
Conclusion
FX Deal Club is a scam PAMM service providing company that has destroyed its own account that had $26,000. As soon as it happened, the trading results were removed from the site. We have to avoid this service for our best.
