MambaFX.net Review

1.339 • 4 REVIEWS
Out of business
Updated: Nov 16, 2023
Website is down. Company seems to be out of business.
MambaFX.net
Out of business
1.339 • 4 REVIEWS

Recent User Reviews of MambaFX.net

D
ddmmmyyyy
Sydney, Australia,
Mar 6, 2023,
Registered user

Only good for scalping 20-40 pips with 20 pips SL +misleading Pips Tracker

Service use: Live Length of use: 0-3 Months
I subscribed MambaFx instragram signal for GJ and Gold in Feb 2023. For Feb 2023 he only sent signal for Gold (not GJ as subscribed) between 1-2 trades a day at early US session. He sent Gold signal with 20 pips SL and multiple TP target from 1-5 with TP1 = 20pips, TP2, 40 pips and TP2 for over 100 pips. He did not provide full strategy of how we should close our position/s at which TP i.e. which % to close at TP1/2/3/4/5 etc. However, the pips tracker (https://mambafx.notion.site/fe90fa2cc938492c8104e6af4c2442f2?v=a32d954014d647dfae9ca0ac5b2ef76c) will always recorded max. pips gained from trade disregard % closed. For example, on 7th Feb 1st signal SL hit he will recorded -20 pips. Then 2nd signal TP1 hit before it hit SL so he will recorded +20 pips. From pips perspective it will be breakeven -20+20 = 0 pips but in the matter of fact we will lost money for the day. This is because he generally suggested to partially close position at each TP level i.e. 20% at TP1, another 20% at TP2 etc. This mean the first trade we will lost 1% (assumed 1% risk per trade); But the second signal, we will gain only 0.2% then lost 0.8%. This sum upto -1.6% (from -1% + 0.2% - 0.8%) for the 2 signal trades on 7th Feb. So merely tracking on pip shown as 0 (-20 + 20 pips) but we lost money!!! Beware when checking the Pips Tracker as they are not represented profit % gained but rather record of pip gained. The Feb 2023 tracker shown as 1160 pips gained, unfortunately it is not fully translate to our profit. However, his signal is more than 50% win rate (won 20 loss 10), if you have good money management and stick to TP1 or TP2, then we should make some profit for Feb 2023.

Support wise is relatively bad as there is only automatic response from Telegram bot and his team will only reply by email within 48 hours which is not very responsive. There are some case in Feb 2023 that he tracked incorrectly. It hit SL but recorded as TP1 hit which is inaccurate. I have reported to Mamba support but it's never been corrected as of today.
I have cancelled the signal service as I am the trade rarely hit TP5 and it is too late for my trading hours.
R
richard123
amsterdam, Netherlands,
May 12, 2021,
Registered user

pure scam

Service use: Live Length of use: 0-3 Months
what a scammer this man is !!!!
Never be tempted to participate in his investment plan, it is pure scam.
I bought a course through one of the links below under his videos and ended up at a telegram bot.
So far all good ,,, but ....... then I am tempted to participate in an investment plan.
What, according to him, can only be paid via bitcoin and a payment made, then sir does not say the entire amount
arrived and whether I want to make another payment to settle the remaining part ???
After that it turns out that my purchase via the bot is not valid and I also have to buy a cusrus to participate in his investment plan, please pay via bitcoin.
And in the meantime I am promised that the costs incurred in the meantime will be paid back without any problems.
So paid again for the so-called course, a little later it turns out that this payment does not arrive in full and that I have to pay extra again ???
I inquire about my reimbursement of my unnecessary expenses and am called a whiner and am told again that I have nothing to worry about.
And that I just have to pay and everything will be fine, so I pay again via bitcoin and ask when my investment plan takes effect.
And even now I get the answer that I have to pay extra to release a new investment link, what a stupid bullpoo this is.
Finally I am fed up and say that I no longer want to use it and that I want full refund of the costs incurred.
Says sir that I just have to pay and not complain, so I keep pushing for a refund.
Which results in the entire chat being deleted via telegram and I am blocked.
All in all I lost 400 dollars and have nothing so this is how he pays for his house and cars.
So be sensible and warned, don't fall for this scammer !!!!
1 trader has found this review helpful
S
ShannonRae
Los Angeles, USA,
Mar 10, 2021,
Registered user

MambaFx Trading

Service use: Live Length of use: 0-3 Months
MambaFX is definitely a scammer, he just swindled me out of $1200 for a bogus bitcoin mining investment program he has now on his Telegram. The company is quantum mining. I asked to be a part of the VIP Group and offered to pay for the program. He convinced me I could make more by letting him flip the money. Well every time I asked to withdraw. He told me I need another $350 to withdraw from quantum mining. Now, he’s deleted our conversations on telegram because he took my money!!
1 trader has found this review helpful
M
mokhachane.moshoesho
Bloemfontein, South Africa,
Feb 23, 2021,
Registered user

Experience

Service use: Live Length of use: 0-3 Months
I have just recently joined his vip signal group(February 2021), he had talked about changing the way of giving out signals to create better RR but till now nothing has changed , he claims to send daily signals yet we get 2 -3 poor signals weekly! I would not recommend anyone to join, I immediately unsubscribed . Two weeks in the vip group and I tell you I am not happy at all.
1 trader has found this review helpful