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ForexFormance

Discussion in 'Has anyone heard of?' started by MACH26, Oct 27, 2009.

  1. MACH26

    MACH26 Private

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    Hi, has anyone used this company? It also trades as Forexbot.Ltd. I was on the point of signing up, however, their software, which sits on the client machine needs access to your user name and password (so that they can trade your account on your behalf) and FXCM do not recommend this for obvious reasons. ForexFormance claim to be Institutional class. So has anyone used the and what were the results/support like? Thanks for any help
     
  2. Jason Rogers

    Jason Rogers FXCM Representative

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    I would be very cautious. Less than two months worth of trading history is not a lot of data to evalute a strategy. Plus just looking at the trading history, it doesn't list the exact times the trades were opened and closed. And the USD/CHF trades all have pip values of $1. Pip value will only be equal to $1 for USD/CHF when the exchange rate is at 1.0000. Read the terms and conditions, there's a monthly charge as well with automatic renewal.
     
  3. keithacam

    keithacam Recruit

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    Forex Formance. DO NOT TRUST.

    I purchased Forex Formance and had a lot of difficulty downloading and setting up. Contacted the company several times but unable to get it going with there advise. Finally asked for refund. Then became very slow getting back to me, said they had try to contact me by phone (they hadn't as my phone system show missed calls and there were none I couldn't account for) then said wouldn't give refund as it was outside their 14 day refund policy.
    In the main at it states "If you don't at least profit double your purchase price in 60 days, we'll refund your money and you keep the software".
    If you go to terms and conditions at the bottom of the page it reads quite differently.
    This is very misleading advertising and they will obviously do everything in their power not to refund. DO NOT TRUST this company. Stick to companies who take payments through Clickbank or Paypal or similar
     
  4. caztrader

    caztrader Recruit

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    Install was easy and great trades

    I got an email and downloaded the software, their history seemed good and since it works on my MT4 broker I tried it. I had to wait about 20 minutes to get an email to download, but all I had to do was click on the link and it installed by itself. I was kinda surprised to find it traded other currency pairs than I attached the chart-which was to my favor because they were profitable trades. So far so good, it has been profitable and easy. Keep up the good profits!
     
  5. Viking

    Viking Recruit

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    Viking

    caztrader caztrader is offline
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    Default Install was easy and great trades - 12-23-2010, 03:41 AM
    I got an email and downloaded the software, their history seemed good and since it works on my MT4 broker I tried it. I had to wait about 20 minutes to get an email to download, but all I had to do was click on the link and it installed by itself. I was kinda surprised to find it traded other currency pairs than I attached the chart-which was to my favor because they were profitable trades. So far so good, it has been profitable and easy. Keep up the good profits!
    Reply With Quote
    3 monads has passed, and we are very interested in knowing how good you are progressing with Forex Formance
    Are you running your computer 24/7 or are you using VPS or is it all automatic by ForexFormance, Where you can access your account when you like to see your growing profit;)
     
  6. Cinar

    Cinar Private

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    Seems good.

    I downloaded the software and it was started yesterday. It took 100 pips nearly in 24 hours. It's going very well for now...:)
     
  7. Pharaoh

    Pharaoh Colonel

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