SatelysFX Review

SatelysFX is an advisor for asset managers who use their trading strategies to manage individual and institutional accounts on behalf of partners brokers. Established in 2006, SatelysFX is owned and run by Mathieu Burbau, an award-winning FX expert.

Currently, the company is headquartered in London. In this review, we will break down the trading strategies offered by SatelysFX, their trading performance and checks if it is legit or a scam.

SatelysFX Overview

SatelysFX has an informative website, where they try to cover all aspect of their business and answer questions which might interest their potential clients. We appreciate this approach as we’ve seen many other websites less transparent.

What we learned from SatelysFX is that they offer asset management on behalf of several brokers. Their leading partner is FXOpen, a reputable regulated broker from Australia.

They also work with several other brokers but don’t mention them by name. However, we notice that SatelysFX is making a great deal to ensure the potential clients that the company aim to avoid working with any shady brokers and perform strict due diligence before making a decision.

So far, so good. It seems like SatelysFX is undoubtedly a company striving to provide a high-quality service for its clients. However, starting with them is not easy. To begin with, you need 100 000 GBP (EUR/USD) as an initial deposit.

We understand that the company wish to work with “the big fish”, and perhaps they can attract institutional clients with millions in funding. Still, it is hard for us to imagine that individuals whose entire life savings equal more or less this amount will be willing to throw them in one account with the hope of receiving some returns.

And since we mentioned returns, let’s have a look at what SatelysFX is offering. We have looked at their trading statements and discovered that SatelysFX is generating allegedly 5% monthly returns (some customers testimonials mentioned 3%). These returns seem fair and promising for a long term investment.

But let’s see how SatelysFX aim to achieve them and what their performance results are showing.

SatelysFX Trading Strategies

According to their website, SatelysFX enables its clients to access the “interbank market (SPOT FX) and a full anonymity.” They specialised in Forex and focus on trading in eight major currencies – USD, EUR, GBP, CHF, CAD, AUD, NZD, JPY. What is interesting to notice is that on the contrary to other companies, SatelysFX doesn’t offer CFDs trading.

Trading at SatelysFX is manual, performed by a team of industry specialists who use “sophisticated trading strategies.” According, to the company’s website, the core of these strategies are fundamental analysis, behavioural analysis and technical analysis.

There is no further information on what kind of strategies they are using but based on our observation of their trading performance, we believe SatelysFX prefer swing trading. The approach is widely used, and it has many supports but also opponents.

In our opinion, swing trading has some pluses, such as maximising short-term profit potential by capturing the majority of market swings. However, swing trading has some downsides – sudden market changes can result in substantial losses. Additionally, quite often, swing traders miss longer-term trends in favour of short-term moves.

SatelysFX Trading Performance

To demonstrate their trading results FX Blue provide one FXBlue account. The results can be observed at any time. Now, there are different opinions on whether FXBlue is a trustworthy source of information. Some experts believe the data can be easily manipulated and prefer the statistics from myfxbook.

On another side, there have been rumours about manipulated results on both websites. We believe that every result should be taken with a pinch of the doubt when drawing an extremely positive picture without many details.

SatelysFX account in FXBlue was open in October 2018. At the time of writing this review, the account’s statistic showed a +2.8% monthly return (almost half of the promise 5%) and a weekly return of 0.7%.

They have performed 4.4 trades per day with an average trade length of 2.1 (which makes us conclude the swing approach). The maximum drawdown for the whole period is 6.5% which means the risk taken by the asset management is minimal.

Is SatelysFX a scam?

SatelysFX makes a great effort to highlight its legitimacy. The company is regulated by the FCA (UK), and several times, they underline that they strive to work only with trustworthy and regulated brokers. Their leading partner – FX Open, complies with FCA (UK) regulation and ASIC (Australia).

Conclusion

SatelysFX appears to be a professional asset manager that works within the legislation frame of established regulatory authorities. However, the large minimum deposit is a significant obstacle for many investors.