MFWU provides signals to traders through their copy trading services. Traders can join their service at $50 a month and choose to follow one of the providers. The company lays out four different market participants, and each has a different performance background. The records are available on the website, which we will analyze in our article to see if the service is profitable.
The company details the names and email id of the signal providers but fails to show their portfolio and CVs. They claim that each trader is a superb programmer and that investors can choose to follow one at their own will.
MFWU (Managed Forex With Us) at a glance
|Trading Platforms||MT 4|
MFWU (Managed Forex With Us) functionality
The company has the following features:
- It does not require any manual execution.
- The whole process is fully automated, and traders can stop copy trading by changing the investor password.
- There are multiple providers available.
- They provide an affiliate program to make money.
MFWU (Managed Forex With Us) trading strategy tests
The developers do not provide any information on the trading strategy, which is an inferior approach. They only claim to have converted their manual method to an automated one by using expert advisors. The company states that they are working on diversifying the risk by EAs. On their combo system, we can see that there is a martingale on the plan, and the trades are on multiple currency pairs. There is no fixed stop loss attached to positions. However, there is a take profit in most cases.
There are no backtesting results for the robot that the company is using to trade the markets. This is a poor approach in regards to transparency and raises concerns about the performance of the product.
MFWU (Managed Forex With Us) real trading results
Real trading results are tracked via a detailed statement, which shows performance from December 18, 2020, till the current date. Since then, the robot has had a gross profit of $60853.43 and a loss of $29940.45.
The expert advisor traded with a winning rate of 81.71% with a profit factor of 2.03. The best trade was $2137.23, while the worst one was -$766.98. The initial deposit is not available. The total net profit was $30913.03. The balance curve moves straight upwards, which means the implementation of the grid and martingale approach.
There are three customer reviews on Forex Peace Army, which give them a rating of 3.703 for a total of 3 feedback. A trader tries to warn other investors that the company has blown his account and did not refund any of the loss. He says that his review is honest and that other traders should be careful with the company.
MFWU (Managed Forex With Us) Review SummaryMFWU (Managed Forex With Us)
Functionality2/5 BadThe service works only on MT4.
Trading strategy2/5 BadThe developer fails to provide good information on the strategy.
Live Results2/5 BadLive results are not tracked via Myfxbook.
Customer support2/5 BadCustomer support is available only by contact form.
User reviews2/5 BadOnly three customer reviews are available.
- Uses automated copy trading
- No information on the strategy
- No transparency of developers
- It only works on MT 4