FxMAC Review: Scam Intended To Lure High Net-Worth Investors

FxMAC Review: Scam Intended To Lure High Net-Worth Investors

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Asset managers who use terrible grammar on their website and are shamelessly demanding a minimum investment of $10,000 are a huge turn off.

If they lack attention to details and are not able to enlist the services of someone who can write better, how much more do you think your capital will be mismanaged?

Not only is Forex Managed Accounts Consulting or FxMAC not attentive to the small things that matter, but their presentation shows that they do not care about the kind of image they are putting out there.

FxMAC comes across as an unreliable fund manager who lacks professionalism in their job.

What is more, their website does not give us any important details with regards to their company’s history and track record.

In fact, while scouring this website for such information, we got lost and couldn’t understand anything due to improper grammar usage that littered the pages of this domain

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To any serious investor who has $10,000 or more to invest, this website would come across as spam… no kidding.

They’ve messed up everything, and that shows pretty much of what is awaiting you if you actually make that blind step to ”invest” in their so-called Managed account services.

Forex Managed Accounts Consulting or FxMAC Overview

FxMAC says that they are an asset management firm that deals in online trading on behalf of their investors.

forex managed accounts FxMAC

According to the website, their headquarter is based in Saint Vincent and the Grenadines, although they do have offices in London.

They target high-net worth clients like every other greedy fund manager who doesn’t regard their clients for what they are.

Visiting their ”about us” page, among other pages on the site, we were only able to learn that the company was leaving out the most important information and concentrating on less important stuff.

The company does not say what trading methods their ”professional money managers” use.

Only vague information such as ”We don’t use risky strategies like Martingale system and many others..” exist on that website.

The company also assures investors that their trading programs (which they are not willing to tell us) are conservative and will never subject your account to higher risks than you can handle.

On the other hand, you recon that this is the language of any fund manager who doesn’t have a track record to prove their performance.

It’s the language of marketers who practice this kind of operation on the internet.

Furthermore, the company does not reveal information about their employees or who they work with to ensure that their clients are successful in their quest to invest in Forex trading.

In other words, these employees are anonymous. Company history or date of inception is not mentioned either.

In fact, the information which they give in the website of FxMAC is very sketchy, and does not answer questions that serious investors may be asking about this company.

What about their FAQ page? Does it tackle these questions?

As always, poor grammar makes it hard for serious investors to understand what is going on with this company.

You either have to make a blind step gambling your money here or walk away without giving them a second chance to speak to you.

Only investors with $300,000K have access to a phone number and their office in London

What a joke? Wouldn’t it be nice to treat every client equally?

You cannot call or visit their offices if you don’t have 300k

Something as basic as phone support should always be available to every client regardless of their status.

Sadly, FxMAC website states that they are not providing phone support to any client who has less than $300K to invest with them.

That’s total Bull Sh**. Furthermore, why would you purchase phone support for $300K when other professional fund managers are giving it freely to all their clients regardless of the amount invested?

There are not so many investors who can afford this amount.

Therefore, it’s only safe to assume that 99% of FxMAC clients (if they exist at all) don’t enjoy phone support, yet they have the right to.

In relation to this, you should ask yourself if FxMAC is worth your time and money. The decision is yours to make.

Verified results as seen on the FxMAC website

While FxMAC touts Myfxbook and Fxstat as the two platforms which they use to prove to their clients that their trading programs are profitable, we suspect foul play because the company says that Myfxbook results are restricted by the authorization of the fund manager in question.

We understood this statement to mean that a fund manager using a specific trading system would only show Myfxbook link to clients with his or her permission.

In other words, they have the freedom to refuse showing their performance track record on demand — and of course that would be backed by all kinds of excuses.

The website also says that some of their asset managers are only willing to show results from the Fxstat platform and not Myfxbook platform. Why is this so?

If these fund managers are good at what they do, they ought to be proud of their results, and that would mean showcasing their performance regardless of whether they are in the myfxbook or FXstat platforms. It does not make any difference.

But this should also raise a red flag. If you find yourself asking questions about an asset manager and are not getting answers, you should definitely not do business with them because reality will soon catch up with you if you ignore your instincts.

Do not be fooled any more

We’ve always said that a physical address means nothing to phony asset managers.

Most of them have swindled their clients despite publishing a physical address on their website. This is often used to make them look professional and to hide the fact that they don’t perform as advertised.

Secondly, some asset managers have been known to go an extra mile and taint their reputation, thus having their licenses revoked for professional misconduct and other related reasons.

FxMAC asset managers clearly fall in that category. How do we arrive at that judgement?

Well, the website has enough red flags, and so anything else they say don’t really matter. Even if they were regulated by more than 2 financial organizations, we wouldn’t risk our investments on them.

Put your money where your mouth is by investing in sound trading systems with a real track record of performance.

No user reviews

We have enough reasons to believe that this firm is not a safe company to invest in.

First and foremost, it is not popular. Secondly, their details are very scanty, no company history and other important details.

And thirdly, FxMAC does not have any user reviews, yet they claim to deliver outstanding results and even telling their clients to part with as much as $100,000 if they want to use a reputable Forex broker that is not in their list. What nonsense is this?

Our Best Advice for you

Forex Managed Accounts Consulting or FxMAC does not have your best interest at heart.

They seem to be greedy for your money yet they don’t show us anything that would make us think that they deserve to handle your portfolio.

We simply discredit FxMAC for the reasons mentioned above. On the other hand, you can always invest on safer alternatives with realistic profit projections.

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