Xeconds Strategy Review (Managed Accounts)

Xeconds Strategy is a managed Forex account service that wants to give the public access to the currency market, even if they have no prior experience trading. With this service, traders can select from a collection of different portfolios that are “managed by experienced trading managers with profitable track records.” Today we will be providing a review and letting you know if this managed account service meets our expectations, and takes off enough boxes for you to consider investing.

The service is located at The Jaycees Building, P.O. Box 362, Stoney Ground, Kingstown, VC0100, St. Vincent and the Grenadines. In terms of who is behind the service, “The team is made up of professional traders and programmers from diverse background.” The members of the team have expertise in algorithmic trading strategies, expert advisors and Forex indicators. They focus on quantitative research, and well-developed strategies that are back tested against historical price data. They don’t appear to introduce us to any of their team members though, which is a little disheartening because we would like to see verifiable proof that these people are who they say they are before investing a large sum of money. We would appreciate a little bit more transparency when it comes to who the actual team members are, as the Forex marketplace is frequently filled with storytellers.

In order to get in touch with support traders can call +65 9635 7797 or email hello@xeconds.com.

Xeconds Strategy Review

The Xeconds website is very well put together, as it’s aesthetically pleasing and comes across very professional. They have many different elements, including an about us section, more information about their copy trading, their trading strategies, an information center and much more.

There are 6 reasons why they feel they are the best managed Forex trading account provider in the marketplace. Here they are listed:

1. All clients funds are held in trust accounts with reputable banks.
2. All brokers they use are regulated by the Australian Securities and Investments Commission.
3. Traders can monitor their trades in real-time.
4. They provide verified trading reuslts on Myfxbook (we will analyze deeper in the results section of our review).
5. Clients can withdraw at any time, as there is no lock-in requirement.
6. They utilize cutting edge technology and proprietary software that traders won’t be able to access anywhere else.

Strategy

There is a trading strategies section of the Xeconds website, where the developers want us through their methodology roadmap. They tell us that the strategy goes through 7 different stages, starting with scouting, tracking, analysis, system selection, incubation with real capital, acquisition of traders and finally stress testing. While we appreciate that they provide this information, it really is quite vague it doesn’t go into any actual detail about the strategies they are currently utilizing.

We would like to know what their current approach to the markets is, and which algorithmic trading strategies they are using in order to reach the potential yearly returns of 40-200% that they seek. A little more transparency and clarity in terms of their overall trading strategy would be very helpful. We expect the same from all managed account providers, as you can see in our recent reviews of Standard FX, Aeir Capital and Forex92.

Portfolios

For traders interested in signing up with the Xeconds managed account service, there are 3 different portfolios available.

The standard portfolio requires a minimum deposit of $40,000, and looks to achieve conservative capital growth with a 40% profit share. This account also requires a 2% annual fee and a $40 monthly server fee. This is the only account offered by this team that will accept US clients.

The VIP portfolio requires a minimum deposit of $20,000, and looks to achieve fast track capital growth with a 50% profit share. This strategy trades both currency pairs and metals, but is not available to US clients.

The Pro portfolio also requires a minimum deposit of $20,000, and looks to achieve a state capital growth with a 30% profit share. This account has no annual fees, no entries or exit charges and all of the server fees are waived as well.

Trading Results

There don’t appear to be any trading results available on the Xeconds website, but our additional research shows that they do have an active Myfxbook profile. This profile shows a handful of different live trading accounts floating in-between gains of anywhere between 1-18%. These numbers are a far cry from the 40-200% gains that they advertise as “potential yearly returns,” but none of the accounts are blown or showing any high risk trading strategies.

Based on the results we see, the managed account service is standing, but you are going to get the windfall returns that you may expect from a service of this nature.

Conclusion

There are definitely areas of improvement, but for the most part of the Xeconds Forex managed account service comes across as a professional outfit. As it stands now, with very interested in signing up and depositing $20,000 to get a couple of percentage points a month. We will keep our eye on this service, and if their strategies ever become more profitable, we will definitely reconsider our point of view.

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