FX Deal Club Review

FX Deal Club

FX Deal Club is an account management service that promises to generate about 30%-50% return on investment monthly for users depending on their account size. The team takes great care as it manages your money. Its risk management approach encompasses a winning risk/reward ratio, smart hedging options, and diversifying the user’s trading portfolio. 

The company selling this service claims that it consists of professional Forex traders who have been working in this market for more than two decades now. They are dedicated to integrity, service excellence, and transparency. Sadly, none of the team members is revealed. So, it’s difficult to establish their individual qualifications and reputations and conclude whether they can be trusted or not. 

FX Deal Club at a glance

Price35% of profit share weekly based on the watermark rule
Trading platformsMT4
Currency pairsUSDCAD, XAUUSD
StrategyPrice Action and Daily Trend
TimeframeN/A
Recommended deposit$5000
Recommended leverageN/A
Money managementYes

FX Deal Club functionality

The other features of the system are listed below:

  • It’s easy to use.
  • The dev offers 24/7 customer support.
  • Smart hedging options and diversification of trading portfolio are present.
  • The system focuses on generating safe, secure, and consistent returns on investments.
  • You can select your own broker, but it is recommended you work with one of the company’s partner brokers.

FX Deal Club trading strategy tests

The trading model for this system focuses on price action and the daily trend. The devs explain that every trade they place is the outcome of extensive technical and fundamental analysis. They monitor financial markets throughout so as to identify the best trading opportunities and make profits for their clients. 

The backtest results for this EA are not featured in the presentation. This test is usually used to confirm the efficiency of a trading idea, limit trading flaws, as well as predict the viability of an algorithm over the long term. 

What about FX Deal Club live trading results

Live trading statistics on Myfxbook
Live trading statistics on Myfxbook

The above account is only 3 weeks old, and the EA’s trading activities have already led to the realization of a profit of $194.75 from a deposit of $175. So, the account is 111.29% more valuable now. Furthermore, low-risk trading is applied as we have a comfortable drawdown level of 19.34%. 

Performance of trades
Performance of trades

A total of 86 trades have been implemented to date. The profit factor of 4.78 paints FX Deal Club as a very productive EA. The higher average win (178.71 pips) than the average loss (-93.10 pips) indicates that the system reports more profits compared to losses. Generally, a position is held for mostly 10 hours.  

Risk of ruin
Risk of ruin

If the system makes 12 losses in a row, then 10% of the account will go down the drain. 

Trading summary
Trading summary

A large proportion of the profits made have been derived from the XAUUSD currency pair. 

Customer reviews

We found only 3 reviews for this robot on FPA, and all are positive. In summary, the clients say that the management service is efficient and can earn you income. 

Customer feedback on Forex Peace Army
Customer feedback on Forex Peace Army

FX Deal Club Reviews Summary

FX Deal Club
3 5 0 1
FX Deal Club is easy to use, and the low drawdown generated in the live account shows that the professionals really engage in safe trading. But you need to be careful with the service because its long-term performance is not really known. You may need to monitor the account longer to see if it can sustain the current performance.
FX Deal Club is easy to use, and the low drawdown generated in the live account shows that the professionals really engage in safe trading. But you need to be careful with the service because its long-term performance is not really known. You may need to monitor the account longer to see if it can sustain the current performance.
3/5
Total Score
  • Functionality
    3/5 Neutral
    The vendor describes the kind of service they offer and what users should expect.
  • Trading strategy
    3/5 Neutral
    It is revealed that the professionals use price action and the daily trend to trade on users’ accounts.
  • Live Results
    2/5 Bad
    Even though the account the professionals are managing on Myfxbook shows desirable outcomes, the trading history is very short.
  • Customer Support
    3/5 Neutral
    The team claims to offer 24/7 customer support, and you can reach it directly via email.
  • Customer Reviews
    4/5 Good
    The available customer reviews are positive and confirm that the service is effective.

The Good

  • Easy to use
  • Low drawdown

The Bad

  • Vendor transparency is not satisfactory
  • Short trading history
  • No backtest report
Total
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