The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » MFWU (Managed Forex With Us) Review: Is It a Good Service to Buy In 2021?
    Automated Trading Forex Robots

    MFWU (Managed Forex With Us) Review: Is It a Good Service to Buy In 2021?

    October 22, 20214 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    MFWU
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Managed Forex With Us is a managed accounts service that offers a manual and robotic combo of trading methods. It uses a team of programmers and traders for its various services that include copy trades, signal alerts, and managed FX accounts. 

    Norbert Zoltan Nagy is the founder of this company. He is a programmer and is assisted by his team of traders that includes Tibor Kun-Szabo, Csaba Istvan Bilinovics, Korozsi, and Fredrick D’Rocha. Images of the members with their email addresses are posted on the official site. The vendor provides a WhatsApp/Telegram number for contact besides an online contact form.  

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    For subscribing to the service, you need to pay $50 per month for the signals. For the managed accounts and copy trading, the vendor does not divulge the charges claiming they are negotiable. There is no money-back assurance present.

    Key features

    Services offered by MFWU
    Services offered by MFWU
    Services offered by MFWU

    As the key features, the company provides the following services:

    • A managed FX account service by expert traders using an impeccable fund management system which the company claims can help it manage millions of accounts at the same time
    • Development of FX robots or EAs
    • Trade copying feature that also includes management of partial exits, setting of suitable lot size, and more
    • Signals that are sent directly to your mobile for immediate trade execution
    • An affiliate program where you can join directly as a business participant or become a partner by referring 5 or more clients. 

    Besides the above trading facilities, the company also offers FX trading services to brokers.

    MFWU trading approach

    As per the vendor, the company uses different strategies that are developed by a collaboration of manual traders and programmers. The programmers assist the manual traders by converting their trading methods into expert advisors or robots. Manual traders in turn assist the programmers in optimizing the trading software to ensure effective working of the robots. The lack of explanation of the applied strategies raises a red flag for this service.

    Backtesting results

    No backtesting reports are present for this vendor. Since backtesting results are based on historical data, it is difficult to expect the same results in real trading. However, traders look for backtests to know about the strategy and its effectiveness. The lack of backtesting reports raises a red flag for this service.

    MFWU live trading results

    We can find links to the live trading results of the accounts of the team members posted on the Forexpeacearmy site. Here is a screenshot of the trading statement of Norbert’s account.

    Performance Report for the combo system of MFWU
    Performance Report for the combo system of MFWU

    From the above statement, we can see a total of 6072 trades have been executed with a profit factor of 1.84 and profitability of 78.99%. A total net profit of 68,782.93 has been generated with a maximum drawdown of 45.70%. The high drawdown indicates the service uses a risky approach. Further, we prefer real trading results verified by sites like myfxbook, FXBlue, and FXStat as they provide more in-depth details. The lack of verified proof of performance raises a red flag for this EA.

    What are the risks with MFWU?

    Our evaluation of the features, performance, support and other aspects of this company reveals that this is an unreliable trading service. Here are the main risks you face if you choose this service:

    • Lack of transparency in the strategy explanation and backtesting reveals an unreliable system.
    • No verified track record is present which makes this service untrustworthy.
    • The high drawdown shown in the trading statement reveals a high-risk approach.

    Worth noting!

    We found three reviews for this service on the Forexpeacearmy site with a rating of 3.703/5. Here is recent feedback for this company.

    User complaining of blown account with MFWU
    User complaining of blown account with MFWU
    Performance test for MFWU
    Performance test for MFWU

    From the above review, we can see that the user’s account has suffered a huge loss and the company has refused a refund. The user warns people to stay away from this company. Most of the accounts of the company featured on the Forexpeacearmy site have been closed due to a big loss. Only a couple of the accounts remain active indicating the system is not effective.

    What are the pros & cons of investing in MFWU?

    ProsCons
    Multiple FX servicesStrategies used are not disclosed
    No verified trading performance
    Negative user feedback

    Our assessment of the company reveals a lack of verified trading results and backtests indicating this is not a reliable system.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    MFWU Conclusion

    42% Summary

    MFWU claims to provide diversified risk management with its robotic and manual trading combo. But our assessment shows the system is lacking in many key aspects making it an untrustworthy trading system.

    • Overall Score 4
    • Features 5
    • Pricing 4
    • Strategy 4
    • Performance 4
    • Reliability 4
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022
    social trading

    Best Social & Copy Trading Platforms

    June 30, 2022
    Gunbot Review: Pros, Cons, Recommendations
    5.3

    Gunbot Review: Pros, Cons, Recommendations

    June 28, 2022
    Smart Crypto Bot Review: Pros, Cons, Recommendations
    4.6

    Smart Crypto Bot Review: Pros, Cons, Recommendations

    June 27, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    16  +    =  21

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.