One of the companies that offer managed account service is FX Deal Club. The presentation is quite short and the developers decided not to provide us with extended explanations about the services their company offers. They tried to convince us that this is complete FX Deals management.
What is FX Deal Club?
So, we could manage to gather the following claims about the robot performance and features. For your comfort, we gathered them into the following list.
- We can use a copy-trading software that would copy advisor trades on our account automatically.
- The developers have an extended 20-year trading experience.
- Our terminal will receive signals for 18 cross pairs.
- It works based on fundamental and technical analysis.
- The robot uses the best possible Entry Point to place an order on the market.
- Developers require us to send to them our login and password details.
- We can expect that ROI on those orders will be 30-50%.
- The devs provide us with a welcome 24/7 support.
- We are allowed to subscribe to the service only via payments that don’t support refunds: Bitcoin, PayPal and Skrill.
- We should copy the signals only if we have $1000 on the balance.
- The devs suggest we work on the balance of $5000 or even higher.
- If our broker conditions are good, we should change it to the suggested one.
- We can copy signals only after prepayment of $250.
- The commission from winning trades will be $35.
Official FX Deal Club website
The presentation was updated several weeks ago with adding a supporting Ukraine speech. The details and other explanations about the robot remain unchanged.
How can we use FX Deal Club?
- The service allows us to copy-trade all orders on our terminal.
- We can close these orders manually if needed.
Pricing & refund
The developers charge upfront fees of $250 via PayPall or Skrill. The form requires us to share our account number and password, broker name and server.
- We don’t know details about what strategy is used to work on the market.
- The developers mentioned 18 symbols.
- We also don’t know information about time frames.
The developers decided not to share any kind of backtest reports with us. This can be treated as a significant con because we don’t know what results the system achieved working with the past tick data.
The system has been running a real USD account on the no-name broker. The closed profit has amounted to $1019.92. We have some orders sitting in drawdowns, -$68.00. The margin level is high enough–1220.0%.
FX Deal Club has generated 95.2% of the total net return. An average monthly gain is 12.6%. The maximum drawdown is acceptable. The system works with 73.1% of the accuracy and has a profit factor of 2.66. An average trade frequency is low–1.4 deals daily.
It works with acceptable risks to the account balance. An average trade length is 37.5 hours. We have the average win at $9.13 when an average loss at -$9.30.
The advisor tardes both directions almost equally.
There’s a single magic number to work with.
Monday (51) and Thursday (52) are the most traded days.
The advisor focuses on trading the European trading hours the most.
We may note that all months were closed with profits.
The advisor united Hedge strategy that opens orders in both directions under one Grid of orders. This is such a risky way to trade and it’s rarely used for providing signals.
What are the real customers saying about FX Deal Club?
FX Deal Club runs a page created on Forex Peace Army where people can leave comments. We have only three reviews written with a 4.385 rate. There are six accounts connected where one of them was blown.
People shared their opinions about how good the company is and what profitability the signals provided. We don’t know if we can trust them.
Summary: is FX Deal Club a trustworthy EA?FX Deal Club
Trading Results3/5 Neutral
- Trading results provided
- People’s feedback available
- No team revealed
- No risk advice given
- Backtest reports shared
- Hedge and Grid strategies on the board
- No refund policy provided