FX Deal Club welcomes us on its site with the information “A Complete FX Deals Management.”
The team unites many professionals who have been working on the Forex market since 2001. The next information tells how great they are as professionals and so on. It’s a lie. The main reason is that the people who started trading in 2001 are already millionaires. They need nothing to sell us because a single profitable trade can bring thousands of USD of profit.
Is Investing in FX Deal Club a Good Decision?
No, it is not. The service has a blown account on the board. It’s a scam.
There’s no company profile because the developers didn’t create it. We could see the office address but no details about the office’s number. It’s suspicious. If they truly rented an office, there would be many photos of decks, happy employees, and so on.
The presentation avoids telling us any information about what we have to expect:
- The system works with a proven trading strategy.
- The developers are over 20 years on the market.
- The main strategy is based on Price Action on the daily trends.
- The robot trades Support and Resistance levels.
- The account they ran has eighteen currency pairs trading results.
- The system works on the H1 time frame.
- Every trade has a technical and fundamental analysis background.
- The robot works on the market all time to find the precise Entry and Exit points,
- We have to provide login and password information to our real account. Usually, we don’t have to provide.
- The ROI level is from 30% to 50%.
- The support is available 24/7.
- We can purchase the service using the following paid services: Skrill, PayPal, or via Bitcoin.
- $1000 is the minimum balance to be managed.
- The developers insisted that the best deposit to be run is $5000.
- We may be asked to change a broker house for the suggested one.
- The service costs $250 in advance.
- There’s also a 35% commission for each won order.
- There’s a registration form with a login and password.
- The developers also designed the Hedger EA.
As we mentioned, there is a mixed price. We should pay $250 and pay a 35% commission in addition. It’s common pricing for a money-management service. We couldn’t find any information about a refund of $250 if something goes wrong.
We’ve got a real USD account on the FBS broker managed automatically. The leverage is 1:500. The account has a verified track record and verified trading privileges. It was created on March 16, 2021, and deposited at $3,540. The highest gain was $26.876. The absolute gain is -99.99%. An average monthly gain is -90.54%. The maximum drawdown was -99.93%.
The robot has traded 137 deals with -2499.5 pips. An average win is 15.99 pips when an average loss is -126.15 pips. The win rate is 75% for Longs and 76% for Shorts. An average trade length is 20 hours and 40 minutes. The profit factor is 0.91.
The most losses were obtained on the GBP/USD currency pair -$15,719.
The robot trades only the European trading session.
Wednesday, Thursday, and Friday are traded equally.
As we may notice, the system consistently closes deals that reach Stop Loss levels.
The first month of trading was horrible, like a present one.
We’ve got a profile of FX Deal Club on Forex Peace Army. There are three accounts connected. We have three reviews with a 4.3 rate only.
We can’t be sure that these comments are from real people knowing how horrible the system trades on the real account.
- Strategy – score (2/10)
- Functionality & Features – score (2/10)
- Trading Results – score (2/10)
- Reliability – score (2/10)
- Pricing – score (2/10)
FX Deal Club is a scam company that provides PAMM service for those who aren’t afraid of losing an account for several days. We don’t personally know such traders. The presentation doesn’t look good, and Hedge win Martingale is a bad sign for any trading system. The company doesn’t provide money-back-guarantee or any capital protection.