We are reviewing a managed Forex account service that claims to generate more volumes in winning trades compared to losers, City Of Investment. In addition to this, they are guaranteeing the safety of their clients funds and also the multiplication of investments through the power of compounding. On their profit calculator page, City of Investment is showing us 3 scenarios under which investors could put in €1,000, €10,000 or €100,000 to earn up to €23,000 per year.
City Of Investment refers to themselves as a ”top tier Forex investment management company”. In addition to this, they are also guaranteeing equity protection through money management in the segregated accounts of a regulated Forex broker.
Other benefits that the company is touting include off-shore investments with no tax deductions, low performance fees, transparency, minimum investment of €1000, and withdrawals at any time. However, the website is also making the claim that City of Investment is serving 5000 clients in some 70 countries. The reason we are doubting these numbers is because this website is not popular, and there is no way they could be managing some 5,000 client accounts when there is not a single review online from these clients.
Besides, they are claiming that these clients are 100% satisfied with the service. We need to know who these clients are and at the same time verify this information. Otherwise, we will just assume that these numbers have been cooked up.
Note: pick a fund manager from this list.
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The first thing we want to know is whether there is proof that these fund managers are actually trading and have been doing so for the last 25 years. The claim that City of Investment is a market leader who offers highest standard in Forex account trading could be misleading if there is no proof to substantiate that marketing declaration.
If they really mean that City of Investment is providing investing opportunities to individuals and institutions alike, it shouldn’t be difficult proving this information. Now, the question is this: why haven’t they listed some of their partners on their website?
Also, while they are claiming that they are globally famous for their managed Forex accounts, the truth is that this Forex account manager is not quite popular. Their site is not popular in Alexa, and so that means it does not have a significant traffic streaming into the website every day. So the question we are asking is how come that they are working with some 5000 customers and yet their site seems to be getting insignificant traffic?
City of Investment is allegedly located in 3 regions. These include the UK, Australia and Hong Kong respectively. These addresses make them look like a company that has a global presence. However, these addresses don’t prove anything. Even if it’s true that they are operating out of these locations, the fact of the matter is that many investors would still want proof of their trading performance. That is the bottom line.
Are we saying this entity is not based out of these regions? Not at all. We are only saying that even if it’s true that this company has branches in those regions, it still isn’t helping us. We only need to know that they are real people who have been trading for the last 25 years as claimed on their website.
The most difficult part is when we ask them for proof of trading success in the last 25 years – which is according to what the sales page is saying about this service.
You see, 25 years of experience in trading is quite a long period of time, and these individuals should have no problem proving that they are experienced traders. Secondly, we are looking at the date of registration for this domain and it is nowhere close to a site that was registered 25 years ago. This is quite contrary to what the site is saying. One cannot easily believe that these guys have been around for 25 years.
In terms of trading performance, there is absolutely nothing to prove the alleged proficiency of these traders. There is no link to their myfxbook account either. So this makes it quite difficult to establish the truth even when the site admin understands very well that they should not be making it difficult for their clients to obtain this crucial information.
Furthermore, numbers that represent gains but cannot be verified are not any useful. Most of these managed Forex account providers have this problem, and their visitors are not able to establish the truth in those numbers unless a myfxbook link is presented to verify those numbers.
Well, this service cannot sell itself probably because it lacks the facts which clients might want to look into before opting to sign up. That’s a very bad thing.
Secondly, if a fund manager is asking to manage your portfolio and yet they cannot prove their proficiency in trading, you should probably ignore them because they don’t have a track record yet. And if they don’t have a track record and are misleading their clients using false marketing declarations, they are to be considered a scam.
One thing we are very much interested in is the customer feedback. City of Investment does not have any feedback out there, something which contradicts the numbers which they are displaying on their site. Surely, 5000 customers would be a big number to cause a buzz on the popular trading forums where fund managers are discussed. But that is not the case with this website.
We even suspect that the alleged client testimonials on their website are fake because these can’t be found elsewhere on the internet.
City of Investment is potentially a scam that lies to you in order to get to earn commissions from the funds they will trade with their broker. This company is not even licensed to handle the funds of their investors. If you want a fund manager who can professionally handle your money, check out this page.
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