Forex92 Review (Managed Trading Accounts)

Forex92 is a managed account service that requires a minimum investment of $5000 to $50,000 depending on the package you sign up with. Each package promises a specific percentage in monthly return, and takes a portion of them monthly return as a performance fee. Each package comes with a dedicated account manager and promises provide a simple and straightforward service.

Located at 84 Spyrou Kyprianou St, 4004 Limassol, Cyprus, this service was first established in 2015. It’s unknown who the creators of the service are and there doesn’t seem to be any real introduction to the account managers either, which is something we would like to see in the future. They are regulated by multiples bodies including “CySec, FCA, ASIC and FSA.”

Their support is effective, as they have a chat function on the website, a phone number +357-25123308, and an email trading@forex92.com.

Forex92 Review

There are 3 reasons why the Forex92 vendors believe traders should choose them. The first reason, is that they have a proven trading strategy. Their “trading model is based on price action and volume spread analysis.” Which means that each trade placed by their team uses extensive technical and fundamental analysis. They feel that this approach is the best way to generate profits for their client base. The second reason, is that they provide an easy-to-use service. Traders simply have to fund their trading account with one of the “partner brokers” and then share their MT4 login details with their Forex92 account manager. Then, the trader can sit back and enjoy returns of 20% to 30% per month. The last reason, is that the group utilizes a low risk trading model. They never let the drawdown exceed more than 20%, and only trade low risk financial instruments.

This is actually a managed account service, like Managed Forex Ltd or Managed Forex Hub, unlike Surge Forex which we reviewed a few days ago, that pretends to be one.

Strategy

Outside of the introduction to the Forex92 trading model, there isn’t too much detail about their trading methodology. Though, they do offer more information about their strategic approach than most of their competitors in the managed account market.

We do know that they utilize technical and fundamental analysis which is a positive, but we would like to have a little bit more information about the specific account managers and what type of experience they have in the marketplace. As well as what type of strategy each account manager likes to utilize.

This isn’t required, but it would add a little bit more transparency to the service which never hurts.

Breakdown

• Type: Forex managed account
• Price: Performance fees
• Strategy: Technical / Fundamental analysis
• Results: Myfxbook

There are 3 packages available for traders interested in utilizing the Forex92 managed account service. The personal account which requires a minimum investment of $5000, the business account which requires a minimum investment of $10,000 and the enterprise account which requires a minimum investment of $50,000. The personal account promises a 20% monthly return and the performance fee of 35% of monthly profits. The business account promises a 25% monthly return any performance fee of 30% of monthly profits. The enterprise account promises a 30% monthly return any performance fee of 25% of monthly profits.

The guaranteed return numbers are very, and we will get into much more detail about them now in our results section.

Trading Results

It’s good to see that the vendor provides multiple Myfxbook accounts in order to track their trading results. They currently provide 2 different accounts, based on different trading strategies that they utilize. One of the trading accounts they show us is the Viper FX account, which seems to be owned by Forex Lens, a trading signal service that we reviewed a few months ago. The Forex92 group must have access to this account or signal service as part of their managed accounts. This account shows a gain of over 880% with a drawdown of 33%, but it hasn’t traded since early June, over 4 months ago.

The second account provided is showing a 28% gain with a drawdown of 52.01% which is quite high and not exactly in line with the 20% promise the vendor is providing. They must be using some sort of combination of both of these trading accounts in conjunction with some of the other live trading accounts they have provided over the years.

We are having some difficulty in correlating the numbers with the 20% monthly return, so we would like to see the vendor clear that up a little bit, by showing us exactly how the guaranteed numbers work with the Myfxbook accounts.

Conclusion

The Forex92 managed account service certainly shows promise, but we would like to see a little more clearly when it comes to the account managers and the performance numbers. Once a few of these aspects are cleared up, we will be able to come to a final conclusion. At this point in time, we are optimistic but want to see a little bit more.

If you have anything you would like to add to the review, please leave your questions and remarks below the article now.