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An AI-driven analytic platform is the reason behind PsyQuation (Psyquation.com) review. We understand that the company behind this platform is fully regulated. Psy Quation is a platform operated and owned by Gleneagle Asset Management Limited. From the AFSL records, the platform is located in Sydney, Australia. Most investors want to know what this platform brings to the table. Do they offer any meaningful and advantageous features? It is the reason why we dug deeper to find out more on the platform.
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PsyQuation is making bold statements on their homepage with claims of having over 140,000+ accounts. Other notable claims include having conducted over 51 million trades. The quoted trading capital is A$10 262,614, and users are promised capital allocation. Members also get a promise of getting AI-driven insights on trading. The platform claims to use scientific research to help investors make better decisions and improved performance. Users do this by connecting the platform directly with MT4 trading platforms.
The homepage claims that the platform was founded in 2016 by two guys in the finance industry. Looking at their website, we can see that the site is easy to navigate. Their main office is in Sydney and claims to have their European headquarters in Ukraine. There is a capital allocation program that the vendor fails to expound on. Does this mean they double up as an account management firm?
What we see is that the platform gives users direct access to trading instruments via AxiTrader Broker. The broker is offering several trading instruments, including CFDs, on most assets. They offer CFDs on commodities, crypto, forex, indices, metals, and stocks. Although the platform claims to be an associate, there’s no asset information. The vendor should have done a better job and explain the type of assets the platform works best on. Without this vital information, it leaves users wanting more.
Michael Berman and Vladimir Krouglav are the co-founders of this platform. The profile of these two gentlemen is displayed on their homepage. Michael claims to be a hedge fund manager for more than a decade. He claims to have worked under several South African banks and holds a Bachelor of Commerce. According to his profile, he claims to have been a director of a public company in his 20’s. It is all seems too good to be true since we have not heard of Michael in the investment world.
On the other hand, Vladimir also claims to be a former member of an emerging online incubation program. Both of these founders fail to give the exact names of their previous work stations. And this leaves a grain of doubt to their professionalism. A real CEO will provide a brief account of their history and where they worked. Without this information, one can guess that the vendor is making up their profile. Vladimir claims to have a Masters in Science and a P.H.D in mathematics. They both fail to give the names of the institutions from which they graduated.
The platform also claims to give users access to trading capital. By partnering with AxiTrader, users can secure funds. To get a slice of the pie, investors must meet high-performance expectations. It looks that the platform is similar to another capital allocation program, Earn2Trade. To get a head start, members have to reach a specific program requirement. The program’s goals are not easy to achieve. Users are automatically dropped if their accounts face a 10 percent drawdown in any calendar month.
Another service offered by the platform is copy trading services. The vendor claims that their PQ score warrants users to go for copy trading. Although the service is not yet available, they plan to roll out in a few weeks. Thanks to their talent, the vendor claims to offer accurate copy trading services. For their capital allocation program, users can get access to up to A$350,000 to trade with. What we see is a platform that is used to sell AxiTrader Brokerage services. For one to get any of these services, they must sign up with the designated broker.
The platform boasts of having features that can improve your trading. These include a near real-time equity curve that controls and monitors your risk better. Other features include tracking your skills and comparing them to other forex traders. There are built-in customer alerts that help users avoid trading mistakes. These alerts help users get data-driven insights for more accurate trading.
There’s a quoted overall performance improvement of 39 percent and 41 percent maximal drawdown improvement.
The company behind this platform has a valid license from the Australian Financial Services Licenses. Gleneagle Asset Management Limited is a dully licensed platform. There is no mention of the affiliation of PsyQuation on the license details. It could be that these founders are using a license from a valid institution. We could not reach the Gleneagle Asset Management Limited team for confirmation. Since the platform is free, we believe that users are safe despite the uncertainty.
PsyQuation is furnishing users with two account plans to choose from. There is the standard account and the premium account. The advantage of a premium account over a standard account is real-time updates and premium tools. Premium account holders also get premium alerts and EA back-testers. It means that the platform does not use myfxbook to verify their trading results, which is a shame.
To be honest, their contact is brutally slow, and users might have to wait for years to get a response. It has been over a month since we sent our queries and have not received any feedback. There is an email address with no direct phone number. In today’s trading world, investors want immediate access to vendors. Without a direct line such as live chat and phone number, communication is minimal. It’s a considerable disadvantage to users who want to quick response during set up or facing other problems.
The entire platform is free; the only place where one deposits funds is with the premium account. Users have to sign up with the AxiTrader broker to get access to the premium account. The vendor fails to inform users of the minimum set depository amount for the premium account. Before jumping to the premium account, check out their standard package. If the package offers some promise, you can go ahead and use the premium package. What we see is a vendor who is in bed with a broker and is selling the brokerage services.
PsyQuation is free, and there’s no reason not to test it. Kindly share your experience with the platform. With your experience, we can determine whether the platform is worth looking into. Users might be able to learn a thing or two from using their tools. There is nothing wrong with the platform apart from being an advertisement for the AxiTrader broker. Please leave your comments to help make the trading world more informative.
With the platform being free, we do ask users to test it and see how it works. Thanks to their tools, investors will learn from it.
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Our entire team wishes everyone a happy and prosperous trading experience.
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