FX Deal Club is a PAMM and signal service company that has a trash reputation because it’s blown many accounts in the past.
The developers mentioned that there are professionals only in the team, and they have been working since 2001. It’s awkward because traders who started that far ago don’t need to provide services. If you are a great trader, you have to be a millionaire for 20 years.
Key Features
The presentation includes almost no useful information about the service and details of its usage:
- The system runs proven strategies.
- The vendors have over 20-year Forex related experience.
- We don’t know the time frame details.
- The robot is able to trade 18+ currency pairs at once.
- The minimum balance is $1000.
- We should have approximately $5000 to get a better trading experience.
- The system is broker-sensitive.
- It seeks trading opportunities 24/5.
- We have to provide login details to the developers to manage.
- We can expect to get RIO at 30-50%.
- The support is provided 24/7.
- We are allowed to pay via Bitcoin or using paid systems like PayPal and Skrill.
- It’s a form we have to fill before getting started.
- The vendor requires us to pay $250 in advance.
- There’s a 35% commission for every winning trade.
- The offer isn’t supported by a refund policy.
FX Deal Club Trading Approach
- The system works with Price Action and Support and Resistance levels.
- In addition, it works with risky strategies – Grid and Martingale.
- Before the last account was released, the system had traded Hedge with Martingale on the pre-last real account.
Backtesting Results
The developers don’t share backtest reports with us. It means that they could not be executed at all, or they were horrible, but probably, the devs don’t care. It’s a solid con because we have no idea what was going on and how the system worked with the past data.
FX Deal Club Live Trading Results
So, it’s a screenshot of the blown account right before the new one was published. The developers removed it from the site, but we managed to take a screenshot from the Myfxbook.
There’s a real EUR account under the robot management on the TickMill broker. The robot executes orders automatically. The leverage is 1:500. The platform is Metatrader 4. The account was created on May 13, 2021, and deposited at 15,000 EUR. Since then, the absolute gain has become +30.39%. An average monthly gain is 30.39%. The maximum drawdown is 12.24%. No one tracks the account.
The advisor has executed 177 deals with 1364.9 pips. An average win is 14.75 pips when an average loss is -22.99 pips. The accuracy rate is between 85% and 76%. An average trade length is 22 hours and 27 minutes. The profit factor is 2.49.
It works with many currency pairs at once. GBP/USD is the most profitable and most traded symbol, with 38 deals and $1364.35. We may also note, many symbols are not profitable at all.
It focuses on trading during the European and American trading sessions.
Thursday, with 26 deals, is the less traded day.
The robot works with low risks to the account balance.
The system works by trading a Grid of several orders and using Martingale to close a Grid with profit in total.
The system closed May with 14.32% of the monthly profits.
What Are The Risks With FX Deal Club?
The system is too young. It means we can’t be sure it works stably under various market conditions. It’s especially important because the robot uses a Grid plus Martingale combo to keep being profitable.
Worth Noting!
We have got a page of FX Deal Club on Forex Peace Army with three reviews and 4.333 of the rate. Two accounts were stopped. The last one that is shown as working was stopped too.
There is some fake feedback from people who didn’t catch how the system blows the account.
What are the Pros & Cons of Investing in FXConstant?
| Pros | Cons |
| The main strategies explanations provided | No team revealed |
| The real account trading results provided | No settings details revealed |
| No risk advice given | |
| No backtest reports published | |
| We have one account blown several weeks ago | |
| Grid and Martingale are on the board | |
| No money-back guarantee | |
| No feedback provided after the account was blown |
Final Word
FX Deal Club is a weird service that wants to manage our account, blowing its own accounts from time to time. We have no idea how lucky the last attempt will be under the robot’s management. We don’t like to try it without guarantees that everything is alright.
FX Deal Club is a weird service that wants to manage our account, blowing its own accounts from time to time. We have no idea how lucky the last attempt will be under the robot’s management. We don’t like to try it without guarantees that everything is alright.
