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ET FX Consultants Review: Are they Scam or Legit?

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ET FX Consultants Review: Are they Scam or Legit?

ET FX Consultants is a platform offering managed Forex accounts in 3 different types of investing accounts. The domain was created in January 2016 but the identify of the person behind it masked. That means we cannot find out who owns or operates ET FX Consultants. We have to depend on what they tell us about themselves.

According to the sales page, the activities of ET FX Consultants is governed by a London-based company called ET CONSULTANTS LTD. They cite the address 18 King William Street, EC4 London on their site as well as a phone number (+44 7867031779) and an email address.

They believe that results in market research can help reveal hidden trends but a good investment partner can help make things easier and more efficient. The website is overwhelming with thick text and language that is not very coherent. As a customer, one might decide to skip all these things and go ahead to sign up for a service that they have not familiarized themselves with.

If you somehow stumbled upon this site and are wondering whether it’s legit, this review will help you make an informed decision.

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ET FX Consultants Review

ET FX Consultants claims that their trading results are stable and that they will provide outstanding yield. They have a variety of products with different features. One of the distinguishing features is the minimum deposit that is required to open these accounts. The managed account service also claims that clients can earn anywhere between 5-15% returns a month. Some of their investment packages combine more than one trading strategy to give the best results as far as changing market conditions are concerned.

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The managed account service lists some of the supposed advantages of working with their service. One of the outstanding features is the freedom to withdraw money at any time because ET FX Consultants does not implement lock in periods for their customers.

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Secondly, their fees are charged based on high water mark method so that clients can only pay performance fees based on the profit that was made in that month. Again, this fee model favors the client as opposed to the fund manager because it ensures that they deduct their fees when the account balance is greater than the previous balance.

Throughout the website, we see that ET FX Consultants is working with a number of Forex brokers. One of them is called FX Primus. These are regulated brokers but this does not guarantee the safety of our funds since the ET FX Consultants is the entity that will be managing our funds. Although the idea of depositing with these brokers is appealing to would be investors because funds are stored by the broker as opposed to ET FX Consultants, the risk of blowing up your account is real. That is why we need to find out if there is past performance or trading performance. If they can provide us with their performance record, we can do a complete analysis and decide if ET FX Consultants is offering a unique product.

ET FX Consultants investing packages

There are 3 different types of investing accounts but it appears that this company can tailor their offering according to our needs. So this makes the 4th account. The first account is called JRO Quantic and it requires a minimum investment of 10K. Monthly returns is anywhere between 5% and 10%. This account has no management fees but performance fees is 35% which is subject to high water mark. They are using the broker STO which is allegedly holding the funds of their clients at segregated accounts located at Barclay’s Bank UK.

They claim that this account is traded by award winning traders but these traders have not been introduced anywhere on the site. It is hard to verify these claims, and unless we want to blindly trust them, chances are that we will have a hard time trusting these guys with their claims. And they are also claiming that they are transparent. We don’t know how true this is because already we are seeing elements that make us doubt their transparency.

The second account is called Easy Neu Alpha Partners SA and it targets a monthly return of 7.5%. It seeks to offer capital protection of 70%. In other words, maximum draw down can only be 30%. This is considered high draw down by all standards. And the performance fees is 40%, Again, this is beyond industry standards as most fund managers will charge slightly less. The minimum investment is $1,000,000.

Taylor-made account is the third type of investment account with the same minimum deposit requirement as Easy Neu Alpha Partners SA plan. They claim that customers will have 24/7 access with this account among other benefits like access to daily reports and unique trading strategies according to the liking of the customer.

These plans look good so far. However, we are just wondering if this managed service provide can show us their trading results for the last 2 months or so.

ET FX Consultants trading performance

After spending some time browsing this website for trading results, we found none. The site has no link to their trading results page. If they claim to trade Forex on a daily basis (some of their traders allegedly have 65 years of experience), they should have no problem showing us what they have been doing.

While we’d really like to trust them for what they do, the fact of the matter is that it can be hard to trust a website claiming to offer fund management services and asking a large chunk of your investment without first proving that they can truly generate a ROI for you.

Our best advice for you

ET FX Consultants is selling their service just like any other fund manager out there. They are somehow not standing out from the rest of the competition out there. And with no trading results to showcase their work and prove to us that they trade with experienced professionals, we can’t give them our trust fully. In the meantime, you can capitalize on these affordable trading resources.

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