AtuanCapital.com Review

After receiving some free signals, I realized this company or person has no idea what they were doing based on what the signals said and what the charts were doing. Plus, the stop losses only made sense if you had a massive account. And if you did you probably wouldn't be using a service like this. I passed on funding an account because all this made me very suspicious.
I'm very sorry for those who lost so much. I have yet to find a good
managed account service and think if you want to make money
in the forex the best person to hire is yourself.

I have lost over 95% of my initial investment in less than 4 months.

I have lost all my money in less than 2 months.
This trader is a 100% disaster.
I wonder how much he paid the guys who wrote that great testimonials in 2008 December? That can

I lost 70% of my capital in two weeks !, risk management is ZERO. The only argument offered to explain the losses was: "My long term trades went bad in a couple of days". Atuan has also disabled the "performance" section on his wabepage so we no longer know what the recent performance has been. Stay away from ATUAN.

I can only echo the recent comments regarding Atuan's trading, i.e., zero MM, zero proper position sizing. $2500 USD down to $850 in a few weeks. This can happen when you trade up to 9 mini lots on a $2500 account. No way his claims of 2-300% annual gains is true, i.e., he is a FRAUD. When questions were asked he blamed the poor position sizing on some problem with FXCM, i.e., it was FXCM's fault. Uh huh, yeah sure. If you value your funds, STAY AWAY FROM ATUAN CAPITAL. I only wish these negative reviews had been on the net a month ago.

Hi Martin
This is Lou. I think we talked with each other by email. I wonder how you can rate Atuan's service with 2 stars why he lost your money that much within a month. Absolutly no sense of money managemet. The way he traded after the big loss with long GY is to gamble big time with the casino. Atuan deserves no star at all.

Atuan is still unremorseful about his bad performance. He was just over-confident.

He claimed that he has a success rate of 90% for his daily trading, for which he could not provide any proven records. When queried if he had kept previous records of all his past performance, he could not produce for verification. (No performance record at website)

How can anyone trust such a company to manage fund on his/her behalf?

2009-02-01 1 Star The Performance table has been removed. Why?
Risk too much capital in one single trade... that is not what a shrewd trader of more than 36 mths of trading experience should do...

He also need to update the max drawndown - more than 50%...

where is the performance chart?
about january, we say : bad begining , good ending!!

I personally saw Iyad. He told me 3% risk for each trade. After the long term GY trade losing 50% capital , I phoned and comforted there is no need to get back lost money quick. He told me trades will be 3% risk on my account. After that I saw 10% risk trades keep going on my account trying to get performance result, I have to quit. This is too risky.

2009-01-21 1 Star My managed account is closed. 13700 went down to 7700 in 2 weeks. Orders are entered around 9am est, and let them run,,, with stop loss or profit 100 pips. Trades are 10% risk for the last 2 days( each trade) . This strategy is not for me. Too risky after 1000 pips down on long gy last week.

2009-01-14 Update I talk with Iyad this morning about the long trade gy. One thing I have to said if I was Iyad, I would do the same trade and losing money too. He told me that he would not be overagressive to get back the money. This is a good sign.

2009-01-13 2 Stars I deposit with Iyad in beginning of Jan 2009 8000 USD. So far I lost 5000 on this after almost 2 weeks. You figure the percentage of losing. He longed gbp/ jpy on my account 40 k, enter at 139.50 and stop loss at 129.50 last week. Stop loss was hit this morning..

WARNING: Zero money management ! Within 10 days I lose 75 % of my 2000 USD account !

Iyad Atuan is trading the combined account on his own name and not in the name of Atuan Capital, his company. Iyad is not registered with the NFA or in Canada ! Iyad Atuan has been an FXCM introducing broker only since November of 2008. It is a requirement that an IB needs to be able to verify trading results if he/she is posting them on a website, so if this IB cannot he'll be asked to remove the results.

He didn't reply to my emails since january 22 of 2009.

AC is for gamblers but certainly for traders. Iyad Atuan update atuan capital website to erase his cell phone number and now performance page ! Think about it !

His adress his: 8 Lomond Drive Apt 2303 Etobicoke, Ontario M8X 2W3 Canada Phone no. +1.416.884.4923 Email: iyad.atuan@AtuanCapital.com

For me, it strategy is clear: He play with your money like at casino. If he win, he touch 25% of the gain, that's the deal. If he loose, no matter he is not -at all- responsible. You have no way to get back the money you've lost !

I can't call him money manager, so run away from that gambler !