FXMAC Review

FXMAC

FXMAC is a signal service that provides a PAMM based service for traders, investors, and various fund management companies. The devs claimed that “Start making money with our Forex Managed Accounts. Making it Easy for You.” So, let’s find out if this is true. 

FXMAC at a glance

We have gathered the most important information in the table:

Price25-35% commissions
Trading PlatformsMT4
Currency PairsAny
StrategyVarious
TimeframeN/A
Recommended DepositFrom $3,000
Recommended LeverageN/A
Money ManagementYes

FXMAC functionality

The system has various investment packages:

  1. “Forex Investment Program 1 is a Trend strategy (no grids, no martingale) based on Candlestick Patterns, Moving Average and Fibonacci Levels.” The dev highlines the following features this program includes:
  • We can get as high as 150% annually. 
  • There are aggressive versions. 
  • We can increase risks to double profitability. 
  • The system covers SL and TP levels from brokers. 
  • The profit factor is 1.53. 
  • The maximum drawdown is 20%. 
  • The aggressive version has 40% drawdowns. 
  • The brokers can be: Vantagefx, Fusion Markets, and IC Markets. 
  • Aggressive version requires $15,000. 
  • The regular version needs $25,000.  
  • The performance fee can be 35%. 
  • LMFX broker helps with US clients. 
  • The minimum investment $5,000 (version #1) and $3,000 (version #2). 
FXMAC systems
FXMAC systems

The devs insisted that the system works with the next parameters:

  • ​Cumulative profits: 124%
  • ​​Average monthly profits (x2):  21.22%
  • Average monthly profits (x1):  10.61%
  • Investment strategy: Intraday
  • Asset class: Majors

The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts. 

FXMAC investment program 2
FXMAC investment program 2
  1. The second strategy is an intraday strategy. 
  • The win rate is 78%. 
  • An annual profit can be 260%.  
  • “This profitable investment program is built upon a complex neural network model that allows it to adapt to changes in the market.”
  • An average monthly gain is 11.59%. 
  • We can work with the next brokers Fusion Markets and IC Markets (Australia). 
  • US citizens aren’t allowed because FIFO rules aren’t followed. 
  • Asset class: Majors. 
  • The minimum number of funds should be $5,000.  
  • The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts. 
Investment program 3
Investment program 3
  1. Third profgram’s strategy follows trends. 
  • The accuracy can be 80%. 
  • The advisor works with low drawdowns. 
  • The profit factor is 1.6. 
  • An annual profit will be able to be 100%. 
  • An average monthly profit is 8.38%. 
  • The broker list is Fusion Markets, IC Markets, and Vantage Fx.  
  • People from the US are not allowed again. 
  • Asset class: Majors.
  • The minimum deposit is $5,000.  
  • The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts. 
Bespoke program
Bespoke program
  1. The last one is “Bespoke Program High Aggressive.”
  • “Bespoke investment programs are a complex combination of non-correlative, mostly intraday programs that provide impressive performance efficiency.”
  • The win rate can be between 70-75%. 
  • An average monthly profit is 40%. 
  • We can customize risks. 
  • The list of brokers are Fusion Markets, IC Markets. 
  • US citizens are allowed. 
  • The minimum deposit requirements are $15,000. 
  • The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts.
FXMAC registration form
FXMAC registration form
FXMAC registration form

We have to provide all our intel to the developers. We don’t need to share that much just for a casual signal company. 

FXMAC registration details
FXMAC registration details
  •  We have to follow instructions to get started. 

FXMAC trading strategy tests

We have no backtest reports provided. The system must have been tested before being released. We don’t know if these strategies are relevant. There are many strategies mentioned. So, they should work well. But we have no proof of this. 

What about FXMAC live trading results

FXMAC trading results on Forex Peace Army
FXMAC trading results on Forex Peace Army

We don’t have relevant trading results because the presentation includes only screenshots of widgets from Myfxbook. So, they aren’t relevant and look like a scam way to convince us that the system is good to go. The only mention of trading results we could only find on Forex Peace Army. The system was started at the end of 2017 and was stopped at the beginning of 2019. The system worked for 142 weeks. We have no idea how signals can be shared from stopped accounts.

FXMAC summary of traded orders
FXMAC summary of traded orders

The system has obtained approximately $20,180.19. The profit factor was 11.82. The maximum drawdown was -51.78%. We don’t know who would like drawdowns like these. It has executed 222 orders. The accuracy was 86% for shorts and 74% for longs. An average profit is $114.01 when an average loss is -$37.63. 

FXMAC trading charts
FXMAC trading charts

It trades twenty-two cross pairs. An average trade length is over three minutes. The system must work on the short-time time frame – probably M1. The system used to close 18 orders monthly. It didn’t trade on Monday. 

We would like to note

FXMAC page on Forex Peace Army
FXMAC page on Forex Peace Army

The company has a page on FPA. The rate is 3.5. Five traders wrote testimonials for us. The presentation includes three stopped accounts. One of them was blown. 

Negative customer testimonial
Negative customer testimonial
Negative customer testimonial
Negative customer testimonial

The system has some relevant testimonials. Two clients didn’t like how the system worked for them. They mentioned that the service is a scam.

FXMAC Review Summary

FXMAC
2 5 0 1
FXMAC is a system that doesn’t look like a professional solution. We have no trading results or backtest reports. The devs decided to stop all their accounts at the beginning of 2021. So, we don’t know from what account they are going to deliver these signals.
FXMAC is a system that doesn’t look like a professional solution. We have no trading results or backtest reports. The devs decided to stop all their accounts at the beginning of 2021. So, we don’t know from what account they are going to deliver these signals.
2/5
Total Score
  • Functionality
    2/5 Bad
    We don’t know the system details.
  • Trading strategy
    3/5 Neutral
    The system has various strategies.
  • Live results
    2/5 Bad
    We have no results at all.
  • Customer support
    2/5 Bad
    They have no support at all.
  • User reviews
    2/5 Bad
    They have some reviews and most of them are negative.

The Good

  • A page on FPA created with testimonials

The Bad

  • No team revealed
  • No risks advice given
  • No backtests or trading results provided
  • Many horrible testimonials published
Total
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