FX Deal Club is a company that provides PAMM-management services. The main statement is “A Complete FX Deals Management.” The presentation sounds like an iconic scam.
There are a few settings and features explained. It’s 5-10% of what the person has to know before using a PAMM service:
- The developers work over 19 years on Forex.
- The system is based on the two strategies Price Action and Trend trading, during a day.
- Every trade has a fundamental and technical analysis background.
- They monitor the market all the time to find the best trading opportunities.
- We have to create and fund a real account and share login and password with them. It’s a scam. No PAMM services ask for login and password.
- They can generate from 30% to 50% Return on Investment.
- The support can be delivered 24/7.
- The developers insisted that our account will be safe and sound under their management.
- We have to pay $250 as an upfront fee.
- They accept only no-refund paid systems like Skrill, PayPal, or via Bitcoin.
- The account should have at least $1000 on balance.
- The optimal account balance is $5000.
- The developers force us to use their broker houses.
- They are charging a 35% profit share every week based on high water mark rules.
- We have to provide all information, and this is risky. Brokers mention that no one has to ask for this information.
They also have an FXDC Hedger EA in their portfolio:
- The robot works automatically on our account.
- The system can make 10% daily. It’s 100% a scam.
- The minimum balance is $1000.
- The leverage should be 1:400 or above.
- It can be used on any broker we want.
- They don’t allow us to trade manually or deploy other EAs on the account, ‘if so, Hedger EA will not work’.
The robot costs $499. We may trade on unlimited accounts. There’s 24/7 support, free updates, and a lifetime license provided. The package isn’t supported by a money-back guarantee.
- The robot is based on price movement and Support and Resistance levels with a unique hedge trading system.
- It works with EUR/JPY.
- The time frame is H1.
We have some screenshots of “99.90% quality” backtests. Of course, they are fake because we can’t check them.
We’ve got a real USD account on CBS. The system uses technical analysis. It works with 1:500 leverage on the MetaTrader 4 platform. The account doesn’t have a verified track record. So, the data with significant losses could be simply removed. It was created on March 16, 2021, and deposited at $3,431. Since then, the absolute gain has become 599.17%. An average monthly gain is +369.75%. The maximum drawdown is insanely high – 69.92%.
The robot has closed 75 deals with -1502.1 pips. It means that profits were made by using Martingale instead of a real well-shaped strategy. An average win is -18.84 pips when an average loss is -246.18 pips. The win-rate is 84% for Longs and 86% for Shorts. An average trade length is 11 hours and 4 minutes. The Profit Factor is 1.81.
The robot works with 17 currency pairs. The most traded pair (GBP/USD, 14 deals) has brought -$174.19 of losses. The most profitable symbol is GBP/CAD with $4234.
The system focuses on trading during the European market hours.
Thursday (20 deals) is the most traded day.
The robot runs the account with gambling-like risks. To ruin the account, the system has to lose six deals in a row.
As we can see from trading details, the system uses Hedge with aggressive Martingale.
The system is a scam and risky to follow.
All gains at the beginning were obtained via trading with 20-50 times higher Lot Sizes than it should be.
The company has a profile on Forex Peace Army with 3 reviews that give a 4.3 rate in total.
All of them are positive.