FXGTC.com Review
3.638 •
54 REVIEWS
Out of business
Updated: Apr 13, 2022
•
Website is down. Company seems to be out of business.
Out of business
FXGTC.com Performance tests
| Status | Account | Product | P/L Weekly,% | Weeks tested | P/L Gross,% |
|---|---|---|---|---|---|
| Xtreme EURCHF | -3.61 | 66.1 | -91.17 |
Please click the Product name to see detailed test analytics, trading statement, and use our Performance Simulator.
3.638 •
54 REVIEWS
Recent User Reviews of FXGTC.com
D
DECKY
JAPAN,
Dec 31, 2010,
Guest
TOO BAD! If you who lost 90% at 5000 dollars for 3 months don't want to lose important money, I'm not supposed to request here.
Trade more terrible than an amateur! It's below the child!
Risk management separation! There is also no cash management!
It's below the con artist!
Trade more terrible than an amateur! It's below the child!
Risk management separation! There is also no cash management!
It's below the con artist!
E
EdgarPoe
New York, USA,
Sep 25, 2010,
Guest
How are people supposed to read reviews and come to any conclusions if there are two reviews which are completely contradicting each other and posted 4 days apart. Jon M from Portland says he had a $5k account since January 2010 and they nearly wiped out his account. Azar from Mauritius also started with them in January 2010 with $50k and is up to 81k as of August 21st! Now who is telling the truth and what is going on here! I want to know people please explain this!
A
azar
Mauritius,
Aug 21, 2010,
Guest
Hi,
Had $50,000 with these guys from January. Now $81,000.
Last month was bad but august has been good.
I think you need larger balance as $3500 is too much leverage with 10k lots.
Had $50,000 with these guys from January. Now $81,000.
Last month was bad but august has been good.
I think you need larger balance as $3500 is too much leverage with 10k lots.
J
Jon M
Portland, OR,
Aug 16, 2010,
Guest
I've had an account with them since January '10. Deposited $5000. P/L since my deposit: -$4188.92. You do the math! Holy c*** these guys suck and I'm pissed!
T
tom forbes
uk,
Jul 31, 2010,
Guest
In addition to previous review,company refuses to return emails,performance of MANAGED ACCOUNT IS DREADFULL.
I think this company needs investigated.DO NOT GIVE THIS COMPANY ANY MONEY UNLESS YOU WANT TO LOSE IT(VERY QUICKLY).Cant understand why this has 4 star rating
2010-07-16 02:38AM 1 Star I an very disappointed with the managed account perfomance.
Initial deposit $3500 within 2 days account was up $4000 great,I then submitted further $800 so this is when account began to slide, within a few days account down to $2700 very rapid drawdown.I pulled $1500 from account fearing total loss,but leaving $1200 now down below $400 extremly poor trading performance.This has happened over a four week period.
NOT RECOMMENDED.
I think this company needs investigated.DO NOT GIVE THIS COMPANY ANY MONEY UNLESS YOU WANT TO LOSE IT(VERY QUICKLY).Cant understand why this has 4 star rating
2010-07-16 02:38AM 1 Star I an very disappointed with the managed account perfomance.
Initial deposit $3500 within 2 days account was up $4000 great,I then submitted further $800 so this is when account began to slide, within a few days account down to $2700 very rapid drawdown.I pulled $1500 from account fearing total loss,but leaving $1200 now down below $400 extremly poor trading performance.This has happened over a four week period.
NOT RECOMMENDED.
R
rajeev
basel,
Jul 24, 2010,
Guest
Very bad performance of Managed account, Started with $5000 and had to close with $350 in 4 month.
Pip performance was always bad, there were few lucky days,I think by chance.
The website claim false promises, please do not fall for these guys, they are not good at all.
Pip performance was always bad, there were few lucky days,I think by chance.
The website claim false promises, please do not fall for these guys, they are not good at all.
Y
Yogender
India,
Jul 21, 2010,
Guest
I deposited 5K and am left with just 1500 when I chose to quit. Please ...please do not invest here. Andy is a crazy person who does not even reply to emails once you become his client. Worst Managed Fund.
2010-06-20 2 Stars I started with my account on 20th May..and am running a drawdown of 30% already and 40% including the floating losses. I would have loved to hear from Andy on this, but seems he doesn't care about writing emails to his clients. I really don't know i should exit or just wait to loose more of my money.
2010-06-20 2 Stars I started with my account on 20th May..and am running a drawdown of 30% already and 40% including the floating losses. I would have loved to hear from Andy on this, but seems he doesn't care about writing emails to his clients. I really don't know i should exit or just wait to loose more of my money.
S
Sunil
Bradford,UK,
Jul 14, 2010,
Guest
Hi,
I think with smaller balance you see bigger swing. Smallest lot in tadawulfx is 10k, so with minimum balance of 3500$, you can have 40k open with FXGTC. I know this because when I increase my balance from $4k to $15k my lot size only go from 10k to 20k, so they smooth risk on larger balance.
Happy with them as now the equity swings are not as severe and they end up in profit. Better than can said for most bollocks EA.
I think with smaller balance you see bigger swing. Smallest lot in tadawulfx is 10k, so with minimum balance of 3500$, you can have 40k open with FXGTC. I know this because when I increase my balance from $4k to $15k my lot size only go from 10k to 20k, so they smooth risk on larger balance.
Happy with them as now the equity swings are not as severe and they end up in profit. Better than can said for most bollocks EA.
M
Murilo Almeida
Brazil,
Jul 1, 2010,
Guest
As an update to my previous review with no rating, yesterday I sent this e-mail to TadawulFX:
"I authorize TadawulFX to close all my opened positions and stop this insanity that has been having my account managed by fxgtc.
Please do it ASAP before they place more losing trades and wipe the rest of my money from my account."
Can I be more clear?
2010-05-30 05:55AM No rating It's been a month I started a managed account with them. In the first two weeks it reached 100% profit and it was amazing. The next week it lost 50% of my balance, taking me back to my starting point. Unfortunately this is no roller-coaster ride. In my humble opinion they should review their money management rules urgently. Losing 50% in a week is unacceptable.
I'm still with them but I hope they change their trading style in order to avoid huge losses and protect my capital.
"I authorize TadawulFX to close all my opened positions and stop this insanity that has been having my account managed by fxgtc.
Please do it ASAP before they place more losing trades and wipe the rest of my money from my account."
Can I be more clear?
2010-05-30 05:55AM No rating It's been a month I started a managed account with them. In the first two weeks it reached 100% profit and it was amazing. The next week it lost 50% of my balance, taking me back to my starting point. Unfortunately this is no roller-coaster ride. In my humble opinion they should review their money management rules urgently. Losing 50% in a week is unacceptable.
I'm still with them but I hope they change their trading style in order to avoid huge losses and protect my capital.
W
Walter
Hungary,
Jun 24, 2010,
Guest
Hello,
I think they know how to manage account very well. Yes, I have drawdown during month of 20% but always recover well.But I think with only $3,500 they have be agressive or client will not accept 1-2% month return.
I like their style and very satisfied with profit. Customer reply always fast to me.
To the future with FXGTC,
Walter Reizimman
I think they know how to manage account very well. Yes, I have drawdown during month of 20% but always recover well.But I think with only $3,500 they have be agressive or client will not accept 1-2% month return.
I like their style and very satisfied with profit. Customer reply always fast to me.
To the future with FXGTC,
Walter Reizimman