autofx-advisors.com Review

1.357 • 3 REVIEWS
Out of business
Updated: Apr 13, 2022

Website is down. Company seems to be out of business.

autofx-advisors.com
Out of business
1.357 • 3 REVIEWS

Recent User Reviews of autofx-advisors.com

K
Knut
Germany,
Nov 12, 2008,
Guest

I had he same bad experience, lost $3000 with the PID EAs, lost another $1000 in one week with the offer to manage my account unless my losses were covered.No more communication after burning my account.
You should be very carefull taking any offer from Azmel Ainul and Arnold Deparis(but who knows thats there real names)
H
hicetaon
trade4x@mac.com,
Oct 31, 2008,
Guest

Following losses incurred by PID 5, Azmel Ainul, the author, offered what seemed like a fair deal. On offer was access to one of his EAs (expert advisor running on MetaTrader), run by an account manager, by the name of Arnold Deparis (who appears to live in Macau). After the PID 5 losses were covered, profits would be split 35% to Ainul & Deparis, the remainder to the account holder. Azmel Ainul advertised the EA as conservative, and supplied 3 months live account data. It seemed like a win-win offer. What was not mentioned (but in hindsight may have been evident with due diligence) was that the EA had a martingale money management strategy. Within two weeks the account was totally wiped out. IMO the advertising a conservative strategy, and implementing a martingale constitutes sharp practice, and I hope that anyone searching for the names of the above individuals in relation to any future offering from either, will be ultra cautious in any dealings with either. No communication has been received from either of the above, following the destruction of the account. Caveat Emptor.
P
Pierre S.
Florida, USA,
Sep 1, 2008,
Guest

PID SP4 and PID5 EAs have been used on live account. Account had a margin call using the PID SP4 EA and the current PID5 EA has a +50% drawdown on a Demo account. Price of the EA is $498. Not a scam but a very bad investment.