Noor FX Managed Fund Review

Noor FX is a fully managed professional currency trading service, that utilizes a performance only commission structure. They promise to be made up of institutional grade professional traders, with the ability to offer exposure to “explosive alternative markets.” A $10,000 investment is required, so this isn’t a quick, and easy decision. Which is why we feel it’s very important for us to complete this review, and let you know our thoughts.

The service is comprised of 4 lead traders. These traders include Jay Marshall, David Hall, James Williams, and Kyle Mathews. We have tried to find these traders outside of the website, but have not been able to verify their identities. It would be nice to see some of their social accounts, or contributions to other trading websites, to ensure they do exist. At this point, we are unsure about their experience in the markets.

Our additional research shows that the image being used for Jay Marshall, is actually someone named Adam Haeems. Adam is a cryptocurrency fund manager, but does not make mention of NoorFX or having another alias. While this may seem like a minor detail, when considering investing $10,000, everything matters. Using stock images isn’t a crime, but they should be purchasing images if that’s the case, and not taking images of real people.

That being said, they do provide detailed descriptions of each trader, we are just unsure if those descriptions are real. All of the traders are located in Hong Kong. To get in touch with support, traders can call (HK) +852 8193 1521, or fill out a contact form on the website.

Noor FX Review

There are a handful of reasons the Noor FX group believe that their service out paces other Forex managed accounts. Firstly, they use segregated accounts which adds a layer of security to keep client and company funds separated. Next, the team uses flexible dividends which are available monthly, quarterly or annually. These dividends can also be taken in a compounding fashion. Lastly, they offer risk mitigation, by utilizing stop losses and pip limits of below 25. This way, drawdowns are low, and they don’t risk large chunks of the deposit in any single trade.

We’ve seen similar risk strategies in other managed accounts, as you can see in our reviews of WinFX Automated Trading, Aman Managed Forex Accounts, and Top Global Traders.

Strategy

The Noor FX team doesn’t provide much detail when it comes to their trading strategy and overall methodology. They make mention in certain funds that they are utilizing high frequency algorithmic trading, and other buzzwords, but nothing concrete.

We do believe this is an area where they could improve.

Analysis

• Type: Managed Account Funds
• Price: $10,000 Investment
• Strategy: Undisclosed
• Founded: 2009

Traders interested in using the managed account, have to deposit a minimum of $10,000. This is certainly one of the highest entry fees we’ve seen for any managed account baseline. Think long and hard before make an investment of this magnitude with any company.

Trading Results

The main promises on the front page of the Noor FX website claim that their top strategy has a 259.23% total growth since inception in 2014, and an average annual return of 48.63%. This is their platinum plan, which requires a minimum investment of $100,000. They have four other plans as well.

The Gold account promises an over all 181% gain since inception in March 2013, requiring a $10,000 investment. The Gold Plus account promises a 222.25% return since 2014, requiring a $25,000 deposit. The Digital Currency account promises a 3.7% monthly return and a $10,000 minimum deposit. Lastly, the Green Energy fund has made 145% since inception and requires a $10,000 deposit.

Each of the plans comes with trading results showing monthly returns, but don’t show the actual trading data. There is also no verified results, as all the results provided are managed and monitored by their team. They really should consider using Myfxbook to verify their trades, if possible.

Conclusion

There is certainly a lot to like, as the Noor FX group come across very professional. However, there are quite a few aspects we would like to see resolved before we can provide a recommendation. We would like more information about their strategy, and we would like to see real trading data verified by a third party. Any service can easily put together a few charts, and graphs showing their monthly returns, but without verification, it’s hard to trust.

If you have anything else you would like to add to our review, please leave your comments below the article. We look forward to hearing from you, and helping you achieve your goals in the Forex market.