Control FX Managed Forex Account Review

Control FX unites a team of forex specialist who offers various investment and trading services. They have developed a range of trading strategies, implemented through their PAMM accounts and also provide EAs.

This review will focus on detailed aspects of their services, trading strategies and performance results to help you maintain your opinion on whether their service is suitable to your goals.

Control FX Overview

Control FX has a professionally build website where they present their products and service. We learn there that the company exists since 2019, and it is established by a group of professionals who have been working in the forex industry since 2008.

They claim that they are engaged in fund management for companies, hedge funds and individual investors.

Alas, this is the only information available about the background of the company and its team. There isn’t any information about their headquarters. The only way to reach out to the company is via the “Contact Us” form on the website.

Concealing such information doesn’t necessarily mean there is something shady about the company.

However, we believe that every business starts with introducing yourself and therefore, we’d wish there were further details about the Control FX team and its whereabouts.

Control FX Managed Services Review

According to their website, Control FX currently offers several trading systems that have earned 12891% gain since inception. Quite a bold statement that is hard to confirm or deny as we don’t know how it is calculated. The good news is, all the trading systems have myfxbook verified accounts. (See below for the performing results).

We also learn from the Control FX that they are using three different trading styles to deliver the results for their clients. The styles are categorised as Conservative, Medium and Aggressive.

They differ according to their return goal (both monthly and annual) and the maximum risk level. For example, the Conservative style offers 2-8% of monthly return goal, 50-60% yearly and a maximum risk level of 3-4%.

In comparison, the Aggressive style has a 50-2000% monthly return goal, 1000-2000% – per year and a maximum risk level – 100%. Still, there is no evidence on whether Control FX has achieved these numbers.

Control FX Trading Strategy Review

This is another essential topic that the Control FX website doesn’t reveal many details. We learn that they use a trading system powered by three servers “to maintain its accurate and reliable operation”.

This system constantly monitors 25 currency pairs online, analyses the correlation between them, and builds algorithms and trading strategies on their behaviour. Control FX claim that this approach is unique and “provides impressive results in terms of the profit/risk ratio.”

However, in our opinion, this is quite a vague explanation. Trading strategies are based on technical, fundamental analysis, combining both or other methods such as trend. Not mentioning any of these is raising a red flag to anyone with some experience in trading.

Starting with Control FX is similar to other companies offering a management account. Potential clients should contact them via the provided form on the website. They will receive a proposal from the company, and upon agreement, they will proceed further.

Control FX is broker independent, which means you can have an account with any broker as long as they use the MT4 trading platform. Once the entire procedure is completed, Control FX will take over your account’s management and trade on your behalf.

The company charges a performance fee that ranges between 15% and 50% according to the size of your investment (the bigger the amount, the lesser the fee). The minimum investment amount is 10 000 USD.

Control FX Performance Results Review

As mentioned, Control FX has several accounts on myfxbook with quite impressive results – some of them are showing an overall gain of +1142.09% for less than a year. Unfortunately, not all of them are fully verified, which means that we cant be sure that the results are entirely legitimate.

Furthermore, some of them are marked with red sign X (track record not verified).

Conclusion

At a glance, Control FX impress with their well designed and professional website. However, the information included is quite genuine. Additionally, there aren’t customer testimonials to testify of their experience with the company.

Pros:

► myfxbook accounts

Cons:

► Lack of information about the company, their specific products and trading strategies