This company says that they Specialized in AI, and Algorithmic Trading. This is a lie.
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They gave me the option of choosing high risk or low risk plan to manage my Prop Firm Funded Account. I chose low risk which is supposed to be earning 4% to 5% profits on my funded account per month.
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The account was a $50K account that has a 5% profit cap on it for the first 3 months.
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I tell you this because 5% of $50K is only a max profit of $2500 a month. To hit $2500 a month it is only necessary for the $50K account to average $125 a day. So the account manager is free to trade very conservatively.
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And yet when they were almost $2000 up on day 2 of the 20 trading day period, and the trades started going against them, instead of closing the trades in profit, with 18 more days to trade to reach the rest of the 5% profit goal, (5% was only $2,500) they just let the trades run until the account was blown! They had 18 trading days left and they only needed $500-$700 more profit to hit the max allowed profit for that period! -
It makes zero sense. Any profits beyond that would not even count. They would be ignored by the prop firm.
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But do they close those trades while we are in profit? Heck no! - They just let everything keep running after the market reversed. They had a lot of time to close in profit with 18 of 20 trading days left! But for some bizarre unexplainable reason that is not good for them or me, they choose to intentionally leave the trades open and not close any of them for profit until the account hits max daily drawdown and we hit hard breach and the account is blown and I have thrown away the challenge fee I paid to acquire that account in the first place.
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I passed the challenge evaluation myself and handed them an already funded account.
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I emailed them multiple warnings that they were approaching hard breach and about to blow the account, and begging them to close the trades and start again tomorrow. They ignored everything. Never responded once. And have never responded or communicated with me at all after they blew the account.
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It says right on their website in plain English and I am copying and pasting it here:
"Important Points About Our Managed Forex Services:" (And then there is a list and the following are some of the things on that list)
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"Drawdown Protectors" - This is a complete lie. There are no "Drawdown Protectors." No such protection exists in any way with them. Your trades run until your account is blown and nothing happens to prevent that, either manually or by the Algorithmic EA Robot they are supposedly using.
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"Guaranteed Payout If We Manage" -
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- Another Lie. When they blow your account you will never hear from them after and they will ignore any attempt you make to reach them.
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- How can they guarantee you profits, if they do nothing to back that up when they blatantly and stupidly blow your account trading like a complete amateur gambler going all in and all or nothing with just a pair of threes in his hand at the World Poker Championship!? You will never hear from them again.
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"No News Trading" -
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- Another Complete Lie.
- The prop account they were trading has a rule that you cannot enter or exit trades 10 minutes before or after High Impact News. They blatantly broke this rule, and also broke the "No News Trading" promise on their website, by clearly entering multiple trades within that 10 minute window before and after the High Impact News.
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"Excellent Risk Management"
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- Another Blatant Intentional Lie.
- They made zero attempt to close their trades before the account was blown despite multiple warnings. The worst idiot new trader would have known they should close those trades long before they hit a $2,500 loss for the day on account with a $2500 max daily loss rule. Despite they had someone else's hard earned money in their hands that they were entrusted with the responsibility for, they did not care.
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"Dedicated Risk Management Team"
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Another Blatant Lie
- There is no risk management team at all. Otherwise, what happened to me, and I have since discovered has also happened to countless other poor persons, would not be able to happen.
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"Excellent Customer Service"
-Total Lie
-When they blow your account you will get no response ever from their supposed "Excellent Customer Service." Any kind of customer service at that point, even mediocre customer service, does not exist because you do not get any customer service!
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I could keep going but I realize this is getting very long and I am sure you get the point.
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Avoid manage.forex AKA Lefturn - Owner named: Michael Harding - Like the Black Plague.
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He is a liar who has no conscience when it comes to your accounts or your money. Almost every statement on his website is a lie, and I can go thru them one by one if you want and show you that they are lies.
Manage.Forex Reviews
This company says that they Specialized in AI, and Algorithmic Trading. This is a lie.
-
They gave me the option of choosing high risk or low risk plan to manage my Prop Firm Funded Account. I chose low risk which is supposed to be earning 4% to 5% profits on my funded account per month.
-
The account was a $50K account that has a 5% profit cap on it for the first 3 months.
-
I tell you this because 5% of $50K is only a max profit of $2500 a month. To hit $2500 a month it is only necessary for the $50K account to average $125 a day. So the account manager is free to trade very conservatively.
-
And yet when they were almost $2000 up on day 2 of the 20 trading day period, and the trades started going against them, instead of closing the trades in profit, with 18 more days to trade to reach the rest of the 5% profit goal, (5% was only $2,500) they just let the trades run until the account was blown! They had 18 trading days left and they only needed $500-$700 more profit to hit the max allowed profit for that period! -
It makes zero sense. Any profits beyond that would not even count. They would be ignored by the prop firm.
-
But do they close those trades while we are in profit? Heck no! - They just let everything keep running after the market reversed. They had a lot of time to close in profit with 18 of 20 trading days left! But for some bizarre unexplainable reason that is not good for them or me, they choose to intentionally leave the trades open and not close any of them for profit until the account hits max daily drawdown and we hit hard breach and the account is blown and I have thrown away the challenge fee I paid to acquire that account in the first place.
-
I passed the challenge evaluation myself and handed them an already funded account.
-
I emailed them multiple warnings that they were approaching hard breach and about to blow the account, and begging them to close the trades and start again tomorrow. They ignored everything. Never responded once. And have never responded or communicated with me at all after they blew the account.
-
It says right on their website in plain English and I am copying and pasting it here:
"Important Points About Our Managed Forex Services:" (And then there is a list and the following are some of the things on that list)
-
"Drawdown Protectors" - This is a complete lie. There are no "Drawdown Protectors." No such protection exists in any way with them. Your trades run until your account is blown and nothing happens to prevent that, either manually or by the Algorithmic EA Robot they are supposedly using.
-
"Guaranteed Payout If We Manage" -
-
- Another Lie. When they blow your account you will never hear from them after and they will ignore any attempt you make to reach them.
-
- How can they guarantee you profits, if they do nothing to back that up when they blatantly and stupidly blow your account trading like a complete amateur gambler going all in and all or nothing with just a pair of threes in his hand at the World Poker Championship!? You will never hear from them again.
-
"No News Trading" -
-
- Another Complete Lie.
- The prop account they were trading has a rule that you cannot enter or exit trades 10 minutes before or after High Impact News. They blatantly broke this rule, and also broke the "No News Trading" promise on their website, by clearly entering multiple trades within that 10 minute window before and after the High Impact News.
-
"Excellent Risk Management"
-
- Another Blatant Intentional Lie.
- They made zero attempt to close their trades before the account was blown despite multiple warnings. The worst idiot new trader would have known they should close those trades long before they hit a $2,500 loss for the day on account with a $2500 max daily loss rule. Despite they had someone else's hard earned money in their hands that they were entrusted with the responsibility for, they did not care.
-
"Dedicated Risk Management Team"
-
Another Blatant Lie
- There is no risk management team at all. Otherwise, what happened to me, and I have since discovered has also happened to countless other poor persons, would not be able to happen.
-
"Excellent Customer Service"
-Total Lie
-When they blow your account you will get no response ever from their supposed "Excellent Customer Service." Any kind of customer service at that point, even mediocre customer service, does not exist because you do not get any customer service!
-
I could keep going but I realize this is getting very long and I am sure you get the point.
-
Avoid manage.forex AKA Lefturn - Owner named: Michael Harding - Like the Black Plague.
-
He is a liar who has no conscience when it comes to your accounts or your money. Almost every statement on his website is a lie, and I can go thru them one by one if you want and show you that they are lies.