Managed Forex Ltd Review

Managed Forex Ltd uses a fully automated trading approach based on institutional class EAs to provide managed account services for its clients. This review will detail their trading strategies, performance results, and overall clients’ experience based on customer feedback.

Managed Forex Ltd Overview

Managed Forex Ltd is established in 2014 by CEO Greg Hay, the HR manager Ian Wallace and senior trader Kyle Hay. The company’s main office is in Londonderry, the UK.

At a glance, their official website strikes with its modern design. Unfortunately, it hasn’t been updated since 2019, so we can’t be sure if the information posted here is still accurate. Additionally, it contains a few details about their services, company’s history and trading strategies.

We only learn that they have three types of services – fx asset management, trading signals and broker consulting.

The minimum deposit to sign up with Managed Forex Ltd is 1 000 GBP. The company works exclusively with Vantage FX broker and even promise you a 50% discount when signing through them.

Check out our forex managed accounts guide www.acorn2oak-fx.com/managedforexaccounts.html

Managed Forex Ltd How It Works Review

Managed Forex Ltd Doesn’t surprise us with innovative services. Like other companies in this business, they promise us a high level of professionalism. We learn that their strategies are developed by a team of experts with many years of experience. The specialists are utilising programming and algorithmic trading tools designed by them.

What Managed Forex Ltd consider as their greatest strength are the competitive results, the level of expertise and transparency. However, there is little information, including products, services or what kind of fees customers pay. We found this insufficient for a company aiming to attract investors.

Managed Forex Ltd Trading Strategies

The company hasn’t disclosed many details on their trading strategies. We learn that they utilise two types – Super Spec V2 and Managed Super Spec V2 developed by their experts based on technical and fundamental analysis and automated trading algorithm.

Both of the strategies are supposed to be linked with myfxbook accounts. Still, when trying to find them, no results came through. We did then searched in FX Blue.

According to some information shared by a Managed Forex Ltd representative in the FX Blue forum, an FX Blue account is linked to their strategies. Unfortunately, another dead end as “no user with this name is found” appeared on all posted links.

Finally, we managed to find two myfxbook accounts linked to the company. One of them has been closed since August 2016. The other one, GBPJPY System ManagedForexLTD, has been opened in its place.

They both appeared as Real (EUR) accounts. Here are the performance results we learned from the currently active one GBPJPY System ManagedForexLTD.

Managed Forex Ltd Performance Results Review

GBPJPY System ManagedForexLTD account exists since July 2020. For just over nine months of trading, the account has reached an overall gain of +635.71%, with a monthly average gain of 30.73%. These are promising results (but not verified).

The drawdown is set at 13.87%, which is below the high-risk level of 30%. However, in our opinion, what raises some red flags is minimal information on this account. No balance, deposits, withdraws etc. information is disclosed.

Is Managed Forex Ltd a Scam?

It is hard to answer this question as the information we have about the company is limited. We know that they don’t have any compliance with a regulatory authority, nor is there information about their license.

Conclusion

With so many unknowns, it is hard to say how reliable Managed Forex Ltd is. Their website hasn’t been updated for over two years. We have read some positive feedback for their services. However, in few forums was raised awareness about the suspicious quantity of very positive results listed.

Pros:

► More than five years history

Cons:

► Limited and no up to date information about their services