FXMAC Review

FXMAC is a PAMM service that looks weird and has no reputation behind it. The main claim is “Start making money with our Forex Managed Accounts. Making it Easy for You.” The first screen of the site doesn’t look trustworthy. 

Is this system a viable option?

We are sure it’s not. The service doesn’t provide us with relevant trading results from the real accounts. We have only pictures of widgets but not widgets itself. The developers don’t have these accounts published on Myfxbook. 

How to start trading with FXMAC

Let’s talk about details which the developers revealed. 

• We have four investment programs on the board. 
• “Forex Investment Program 1 is a Trend strategy (no grids, no martingale) based on Candlestick Patterns, Moving Average and Fibonacci Levels.”
• We can expect to have up to 150% annually.
• The second version is more aggressive. 
• It can provide up to 300% annually with doubled risks. 
• It has hidden Take Profit and Stop Loss levels. 
• The maximum drawdown can be up to 20%. 
• The aggressive version of the system has 40% drawdowns. 
• The brokers to work with are Vantagefx, Fusion Markets, and IC Markets. 
• We have to invest $15,000 for an aggressive version. 
• The regular version requires $25,000.  
• The performance fee is 35%. 
• The developers mentioned that the US clients could work only with the first version of an LMFX broker. 
• The minimum investment $5,000 (#1 version) and $3,000 (#2 version). 

• Additional brokers are Fusion Markets and FXChoice. 

The details include unproven results. 

• ​Cumulative profits: 124%
• ​​Average monthly profits (x2):  21.22%
• Average monthly profits (x1):  10.61%
• Investment strategy: Intraday
• Asset class: Majors

The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts. 

• The second strategy is night intraday trading. 
• The win rate is 78%. 
• An annual profit is 260%.  
• “This profitable investment program is built upon a complex neural network model that allows it to adapt to changes in the market.”
• An average monthly gain is 11.59%
• The system uses intraday strategies. 
• The brokers are Fusion Markets and IC Markets (Australia). 
• The system can’t be used by US citizens. 
• Asset class: Majors
• The minimum level of the deposit should be $5,000.  
• The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts. 

• The third program is based on the following trends. 
• There’s an 80% win rate. 
• There should be low drawdowns and significant annual profits. 
• The profit factor is 1.6. 
• An annual profit can be 100%. 
• An average monthly profit is 8.38%. 
• The brokers are Fusion Markets, IC Markets, Vantagefx. 
• People from the US are not allowed. 
• Asset class: Majors
• The minimum level of the deposit should be $5,000.  
• The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts. 
• It works on MT4. 

• The last program is “Bespoke Program High Aggressive.”
• “Bespoke investment programs are a complex combination of non-correlative, mostly intraday programs that provide impressive performance efficiency.”
• The win rate is 70-75%. 
• An average monthly profit can be up to 40%. 
• We can customize the risk. 
• The brokers work with Fusion Markets, IC Markets. 
• USA citizens are allowed. 
• The minimum deposit is $15,000. 
• Minimum investment: $15,000. 
• The performance fees are 35% for $5,000, 30% for $25,000, and 25% for $100,000 accounts.

To get started, we have to fill all spots and provide the required information. 

FXMAC Backtests

The systems have no backtest reports behind them. So, we can’t be sure that they just won’t set our account under a bought advisor. It’s such a high risk. 

Trading Results

We have trading results only from Forex Peace Army. It’s a real account that works for 142 weeks. The system was started on December 12, 2017, and stopped on May 15, 2019. 

The gross profit was $20,180.19. The profit factor was 11.82. The maximum drawdown was insane -51.78%. There were 222 trades closed. The win rate was 86% for shorts and 74% for longs. The maximum win streak was 5 orders. 

The robot worked with 22 trading pairs. An average trade length was 3 minutes 18 seconds. An average monthly profit trade frequency was 18 orders monthly. The system skipped trading Monday. 

Other Notes

Everything looks suspicious. The developers didn’t provide us with real current trading results that would convince us that the systems are trustworthy to invest from $3,000 to $15,000 minimum. 

People Feedback

There’s a page of the company on Forex Peace Army with a 3.5 rate based on five reviews. All connected accounts were stopped. 

People were angry because the company is a scam and the system provides random trading. 

Wrapping up

Advantages

• A page on Forex Peace Army created

Disadvantages

• No team revealed 
• No settings explanations provided 
• No backtest reports provided 
• No verified current trading results
• All trading activities were stopped several years ago
• The presentation looks like a scam
• Many negative testimonials 
• High performance fees

Summary

FXMAC is a service that provides us with PAMM and MAM services. The devs tried to convince us that they are the only ones who can help us with growing our accounts. Alas, the presentation has neither trading results nor backtest reports. There’s nothing to discuss at all. Treating them like a viable company is a huge mistake. Avoid it.