Forex 92 Managed Forex Account Review – Compare The Best Forex Managed Accounts 2023

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Below, you can find an in-depth look into Forex 92 Managed Forex Account. To read more reviews on the topic – click here.

Forex 92 is a managed forex account company that offers you between 25% and 35% monthly returns depending on the package you sign up with. Each package has a different deposit level from 10,000 USD to 100,000 USD. The company charges you a performance fee based on your monthly return.

Registered in Cyprus in 2015, Forex 92 doesn’t provide much information about who is behind the brand. We learned through additional research that the founder and CEO of the company are Usman Ahmed, a professional trader with more than a decade of experience in the business.

Besides the forex managed account, Forex 92 also offers copy trading through Zulu and investments in Crypto.

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Is Forex 92 a Scam?

Our review showed that Forex 92 is a legit company. They partner up with various brokers that comply with regulatory authorities such as FCA, ASIC and CySEC.

Forex 92 Managed Forex Accounts Overview

According to the company’s official website, there are four reasons you should choose their service. The first reason is their proven trading strategy.

We read: “Our trading model is based on price action and effective money management strategies.” That means that the experts’ team of Forex 92 is using technical and fundamental analysis to decide on each trade, and this is the best approach according to the company.

The second reason is connected with their strive to provide easy-to-use service and reliable customer support. According to the vendor, starting with Forex 92 is easy – register, confirm, fund your account, share your MT4 login details with them, sit back and relax while making some money for you.

However, we couldn’t find any customer feedback to confirm that. In case you need help in setting up or other enquiries, you can connect with their customer support. The company provides a phone number, email and live WhatsApp chat.

The third reason why Forex 92 believe you should choose them is their low-risk approach to trading. Fair enough, the company lets you know that they don’t use any EA to determine their trading but rely entirely on manual trading done by the experts.

Forex 92 doesn’t use scalping techniques and never perform multiple trades simultaneously. This means, with Forex 92, you shouldn’t expect a volume of trades, perhaps only a few each week.

The fourth reason the company consider a great advantage is their partnership with various regulated brokers. This usually is a strong card, considering how many companies promise you a lot but without having some severe institution to back them up.

However, it is not very clear how the clients’ funds are protected since they go throw several “hands”.

Forex 92 Strategy Review

Besides the information in the introduction, Forex 92 have set up a page to tell us more about their trading methodology. The company is using two strategies – Strategy Alpha and Strategy Beta.

Some of the strategy methods are Volume Spread Analysis, Trendline Analysis, Horizontal Support/Resistance Levels and Fibonacci Retracement Levels. Those are well-known and widely used methods by which experts traders base their trading decisions.

We only wish to know more about who is in the team and what kind of experience they have. It is not a requirement, but we believe it would add a bit more transparency to the service and improve trust.

Forex 92 Performance Results Review

Actions speak louder than words, and actions are the “performance results” in the world of forex. Forex 92 have provided graphics of their two verified myfxbook accounts.

The first one shows their Alpha Strategy and the other one the Beta Strategy. The Alpha account is tracking back to December 2020, which means the data is still insufficient to make conclusions. So far, the account shows an overall gain of 254.83%, with monthly growth of 45.82%.

The drawdown is on the low-risk side – 18.96%.

The Beta account shows information since September 2020. The account has somehow unstable graphic, but despite some minor slippage, it’s showing an overall growth until the end of January – beginning of February 2021, when it drops with an average of -25%.

We wouldn’t know the reason for it, but it’s raising a warning. On a positive note, the account managed to recover after up-to-date shows continuous growth. Overall the account has a 166.38% gain and a drawdown of 58.14%.

However, the provided data doesn’t shed light on how exactly it is correlating with the announced monthly returns of 20%, 30% and 35%, so we’d like to see that from the vendor.

Forex 92 Review Conclusion

Forex 92 is offering an old school manual trading for your managed forex accounts. This approach relies on some profound knowledge and experience, but as they haven’t introduced their traders’ team, we can only hope they have chosen specialists. Additionally, we couldn’t find any customers testimonials providing reliable feedback for this service.

Pros:

► Low-risk trading approach

► Partner with regulated brokers

► Good customer service

Cons:

► High initial deposit (the minimum is 10,000 USD)

► No customer feedback

► No presentation of who are the traders behind the brand

Find this review helpful? Have a look at other in-depth analyses on top-ranking managed forex account providers – click here.