I’ve been with my Forex funds for more than one year now and I’ve answered hundreds of questions literally and experienced almost everything from buying an account and having to wait one day for the credentials to come for it to be instant I’ve experienced profit splits drawdowns I’ve experienced failing accounts resetting accounts asking for extensions I’ve experienced almost everything so today I want to give you an honest review on these last one year. I’m going to tell you what are the differences within the company.
I’m also going to tell you about my crazy experience but first let's start with how the company has evolved there has been a huge shift in this company for the last one year and mostly on automation one year ago when I started talking about my forex funds they would actually manually send you your credentials.
You would have to wait at least 24 hours for you to get the credentials after you bought the account but not anymore now it's basically instant it doesn't matter if you are resetting the account asking for an extension or buying a whole new account as soon as you put the order in it's almost instant that you are going to get your account.
Till things that could be improved yes of course such as the account metrics not really opening on a new web page but maybe that was done on purpose too and the fact that the account metrics actually keep updating even after they delete your account meaning that you can't really review the account metrics.
Because the graph is unreadable there are also still some interaction mistakes within the account metrics but I don't think that affects the company in itself and I don't think that makes it an unusable experience at all but these are just some minor details that you can kind of throw out the park.
If you put this next detail on top which is the fact that they still pay you 112 percent of a refund and as soon as you pass the full challenge meaning challenge and verification they give you a 2 bonus on what you profited in phase one and in your first profit split if it's in the first month.
They’re going to give you four percent of what you profited in the verification this is great they almost give you a 200 percent refund on your challenge but let's say 150 refunds like that's amazing that's genuinely crazy profit target is still eight percent.
While the drawdown is 12 which in terms of reliable prop firms is basically industry-leading but some people might say oh but the drawdown rule the daily drawdown rule is based on equity and that's horrible well now you have a solution.
Now allow hedging which is something that they didn't really want to do in the beginning it was a very strange rule but now they basically don't restrict any of your trading you can do it over the news you can do it over the weekend. You can do it over whatever happens in the market if you don't breach the drawdown rule you get to keep the account and once again not even the Jordan rule is now a problem anymore even that is solved so there's really nothing to worry about when it comes to limiting your trading style as a company.
I still believe that my forex funds can improve a little bit from interface problems that they still have just minor problems so that's not something big but also something that would be very big would be the possibility of taking partial profits which is not possible right. Now in my forex funds if you want to take your profit split you either take everything or you leave everything either one you have to choose and it would be lovely to see us having the possibility of just taking maybe one thousand two thousand dollars out instead of taking the whole amount.
That would be great and I would love to see that being implemented in my forex funds it would make it even better I would also like to see more people and the customer support for the customer support to be even more responsive it's better now.
But there's still a lot of room to grow when it comes to customer support I’m going to finish off by saying that my forex fund is really a blessing for the prop firm industry because before it was just FTMO there was no competition to FTMO.
People would just go to ftmo because they were the only ones that would very very reliable. Since my forex funds came onto the game ftmo had to step up their game too. Because they could be left behind if my forex funds kept on catching up to them.
The first challenge that I bought from my forex funds was actually right since then I’ve done a couple of challenges with them. I’ve gotten extensions resets failures and successes and that's why I kind of can say that I’ve been through a lot of it until December of 2021 which was basically when I did the interview with the CEO the experience was good like a 7 out of 10 but not great now.
Everything is automated the experience is so much more seamless so much better like a 9 out of 10. There are much fewer reasons to contact the support meaning that the customer support is much more responsive by the way if you're reading this let me give you a quick secret which is if you're having problems.
I’ve never had problems with the Jordan rule even though it's based on equity right now. Since I already have the ea working for myself I know that I will never have to worry about the drawdown rules.
They have always solved the secret for this to happen is to always have facts on your side and tell the truth and be respectful like that your problems are always going to be solved here and anywhere in life I’m very happy with my forex funds.
That’s why I keep on using it for these last one year I’ve actually taken a step back from ftmo to focus on my forex funds of maxing out my forex funds account before I then go on to another company.
Until now my forex funds have really proven themselves to basically everyone that they are a trustful company they always paid out people that did their profits fairly and I’m very happy to have developed this relationship with my forex funds.
In the next post, I will describe which firm you should choose where you don’t scared about them.
NOTE: This article is not investment advice for anyone because online trading could be a high risk for all who have a lack of knowledge & experience. 86% of traders lose money in financial markets. we are not your financial advisors who guarantee your profit at all.