AutoFxMillionaire.com Review

I finally got out. Poor performance. I ended up with a loss.

On Sept 3, 2011, I subscribed to a 30 days free trial offer for Platinum Avanced Software and 1 year money back guarantee offer for Inner Circle Coaching (Full Version) from www.autofxmillionaire.com without receiving anything from them until I sent them an email on Sept 6, 2011 regarding this matter and on the same day I received an email with my login details on their website to supposedly download their softwares but unfortunately when I installed the software using their setup wizard it failed because of access denied error. I reported the problem to them but nothing happened until now.

I just joined and had some short-term success. Then I learned they are altering their performances levels. On or around the beginning of September 2011, they had huge losses on EURJPY and EURUSD to the turn over several hundred pips each. These suddenly disappeared from their monthly performance chart. On Sept,. 9 at about 3pm EST they had these trades posted in the Master Trade log with a monthly loss of -2493.4 pips for 2011-09. Then, this suddenly changed to a monthly gain of +381.6 for 2011-09!!
This is corroborated and charted in the discussion thread.
Be very wary of these schisters!

Trade Copier that is simply relaying trades from Zulutrade. I'm not taking credit for discovering this, all the details are in the related FPA forum, but I do want people to know before they get scammed. Trading 0.2 lot sizes on a $10k account I have just been margin called and lost a huge amount of the account. Granted I went in too heavy, but the EA recommends 0.5 on a 5k account (!!), and there are others who went in a lot heavier than me. Matthew Burton needs to be brought to justice.

Please check out the thread over at Donna Forex under paid signal providers. It looks like from their research that they are stealing and reselling the signal from over at zulutrades (where it is free). Its a scam plain and simple, stay away if you value your account.

Big drawdown, I will suggest to use only 1/5 of their recommended lot size to avoid acct being blown out.

I think the key to there trades is MM. I am also using their signals on a live account and they have been doing very okay all along.Right now EU and EJ still down.

46.6% Draw down!! Need I say more?

Week #1 of product use was fair and showed a nice gain. Although scary at times with large drawdown, and many trades with no stoplosses.

Day one of Week #2 is showing a 3x loss of all gain made in week one and 46.6 drawdown on the account. All using the FX recomended settings.

On top of that there is no way to set stop losses, and apparently the system itself does not use any, thus the resulting draw down.
If you try to set a stop loss (As I did) within a few seconds the FX system resets it to 0.00.

I reviewed the trading history on the FXM website again, and compared it to what the FXM has actually done on my acct. in the last two weeks. (correction Last week and one day, today).
They are so far apart, that I find it impossible to believe that the promoted history on the FXM website is anything but bogus.

Careful with equity drawdowns on this one. In only 3 days of testing using recommended lot sizes (1 std lot on a $10,000 demo) we've witnessed a 42% drawdown. Who knows what's in store for the next 3-6 months?

Scott Wang