EliteCurrenSea review: Pros, Cons and Traders Ratings.
What is EliteCurrenSea?
EliteCurrenSea is a forex services company, offering forex trading EAs, managed forex accounts as well as educational workshops and seminars.
EliteCurrenSea's EAs include Zeus EA and Athena EA, both EAs are grid trading robots and work with MetaTrader platform.
Please read EliteCurrenSea Reviews below and share your experiences with this company.
EliteCurrenSea.com Performance tests
|Status||Account||Product||P/L Weekly,%||Weeks tested||P/L Gross,%|
|Portfolio ECS VT Markets||+0.57||55||+36.713|
|Zeus EA Gold VTMarkets||+0.56||17.8||+10.5|
|ECS Portfolio Flagship||+1.97||65||+256.088|
|Athena EA VT Markets||-2.41||50.5||-70.877|
|Zeus EA Gold from EliteCurrenSea.com||+0.93||28.5||+30.253|
|Athena EA RannForex||-0.04||65.3||-2.838|
Recent User Reviews of EliteCurrenSea.com
Feb 18, 2020 - No Rating 1) Ultima - 5 stars
I have been following Nenad Kerkez and Chris Svorcik for quite some time (their online materials and videos they provide for free) and I can say that these guys really know what they are doing. When Chris introduced Ultima EA in January, I was hooked as it opened my first opportunity to join one of their offers. Even though I was at first hesitant to join due to FXDD reviews I found online (as Ultima must be connected to FXDD account for now), I finally decided to go for it before the end of January due to two main reasons: I trust Chris and Nenad and their FX professionalism AND Ultima seemed like something truly truly good. Yes, FXDD can be difficult, it took 2 weeks for me to set up the account and go through all the issues with paperwork and wiring my deposit but at the end it all worked. So after 2 weeks I was all set and live. Now I am live for 7 days and my account rose 30% already. What can I say? Yes, I will see how it works long term, but for now, I am greatly impressed.
2) Customer Care - 2 Stars
Part of joining the Ultima EA was FXDD bonus 10% available in a specific time period. The deadline for this was approaching while I was in the process of setting up my account with FXDD. EliteCurrenSea (ECS) wrote us an email saying that if there was an issue with our paperwork we should contact a specific FXDD person (they gave us an email address) and put ECS into a copy and that they (ECS) would make sure we would get our Extra Equity (the 10% bonus). I did exactly as instructed because there were issues with my paperwork caused by the FXDD side (delays, long processing). Since then (after I contacted that specific FXDD person), FXDD started processing my paperwork but it seemed I would miss the bonus deadline anyway. So I wrote an email to ECS describing this and in their reply I was informed I should get my bonus once the hassle with the paperwork is over. The deadline for the bonus came and went in the meantime. Finally my paperwork and my deposit was processed with FXDD and I was live on Feb 11th (3 days after the bonus deadline). I was waiting for the 10% bonus but nothing was happening. I wrote another email to ECS asking about it and did not get any reply for 6 days. I wrote them again today and I got a reply instructing me to contact FXDD regarding this bonus as unfortunately ECS personally can’t solve questions related to FXDD accounts/bonuses/funding/etc.
What can I say to that? This does not seem like a good customer care. Was there poor communication or incorrect information giving us false hope that ECS would take care of the bonus for those who would miss the deadline? Is there someone on the customer care side who does not care about customers that much and lets these issues just fizzle out with hope they will somehow solve themselves (not replying to emails)? If I don't get the bonus, well, I will survive, it's not like I have to have it. What bothers me more is this customer approach. I know Chris and Nenad are professionals, but the customer care (at least in my case) is far from professional and it does not cast a good light on EliteCurrenSea (and you guys do not deserve that).
Five star education and live trade service.
CAMMACD setups on the Telegram channel is free money.
ecs.LIVE service is great and CAMMACD is making me a lot of pips
Elite Currensea is a diamant in the vast, muddy space of FOREX consulting
I decided to write this because I am enthusiastic about what I am learning. I have never met or exchanged emails with Chris Svorcik but I think he is such a generous man with his time and knowledge.
+Positive results from his trade recommendations, with transparency on how they performed.
The best trading analysis
Lost money with the Ultima EA and not reflective of myfxbook
I don't like to leave bad reviews for businesses but I just had to leave a review to warn others.
Please please please be aware of the gains Elite Currensea Ultima is suggesting on their videos, emails, etc. The real results are not anywhere near what they advertise (if not negative, depending in when you invest). Not only that but the results on myfxbook is different what you see in your actual account.
I am sad and disappointed. All in all - save your money and invest in something else.
we do our utmost best for all traders and are sad to hear your view. Let us explain why we see it differently.
First of all, we do not *suggest* any results. We show very lengthy and quality back-testing plus we show verified live results (over a year now) on myfxbook that are real, not fake. We do not influence how myfxbook counts the profitability, feel free to complain with them about that. If you are willing to listen to our feedback, then we can even show those results on MT4. We hope that you would be willing to join our webinar where we can prove this.
Secondly, we are always honest and transparent. Traders can only copy our results with the EA if they are profit share members. Renters of the EA can see different results, because of their VPS, if they don't use a VPS, because of their broker, and spread (!). We mention that beforehand.
Thirdly, the system - like all other systems - has an equity curve and draw-downs. If you join after a spike in the curve, then it can take a while before the account moves up again. If you were lucky enough to join before a spike, you could see a big profit very soon.
For instance, Feb 2020 was an amazing month with +200%+. Traders who joined end Jan 2020 were lucky. But beginning June 2020 we saw a large 50% draw-down. Traders who joined end of May were unlucky and joined at the top and therefore could wait for months before seeing a new account high. All of this is openly communicated. In the long-term, however, we do expect results to equal out over time.
Finally, if you started in April 2020 with the profit share module, then you are probably around break-even or slightly in a loss. We understand that waiting 6 months is a decent of time and then it can be frustrating to be in a slight loss.
If you are willing to try it, then we would suggest trying or keep going with our profit share module with less capital and trying it for a full year. We always emphasis the long-term focus and risk capital that you can afford to lose. We care about our members and community. We hope that you would be willing to listen with an open mind to the above comments.
thanks for making my account go to zero
I told them and they posted on their telegram that the EA went back to profit which was not true on my account. Stay away from theirs EA none of them are profitable in the long run and u will loose your money.
Dec 8, 2020 - 5 Stars Its been a bit less then a month that i am using the Zeus EA and I am up almost 4%, great results so far! all the others EA its way too risky for me , but they are very serious and professional, pretty amazed to have found a company like this in the forex market.
...and story continues...
- 4K gone with two EAs
- 100% loss
PS: zeus had also good monthly percentage like other eas they propagate now.
PS2: i know trading is risky. just saying i lost 100%
Jan 4, 2021 - 2 Stars just status:
ultima after 9 months - minus 50%
ultima 5 mins after 4 moths - minus 40%
just to let to know everyone my status of account. will see at the end of year if i'll be lucky or loose everything. will be glad the investment will be returned to 0, then i will cancel the service. there are better ways how to invest money
who is profitable on this for now is only ecs. taking profit from profitable trades but overall my accounts are in deep loss
Reply by EliteCurrenSea submitted Feb 5, 2021 Dear trader,
We are sorry that you are currently in a loss. But there are a couple of things that we need to explain to you and the audience to shape the context around the current loss.
1) Unfortunately, ups and downs is the risk of trading Forex with high leverage. It can produce high volatile results and profits and losses can alternate quickly.
2) The total 2020 result was still good ending at +218.5%. It is true, that the second half of 2020 certainly saw a worse result than the first half of 2020. The 1st half of 2020 was a gain of +265% versus the 2nd half of 2020 ended up at -46.5%. That said, the total for the entire 2020 year was still **+218.5%.** Traders who joined us in the 2nd half of 2020 of course are unlucky as they missed the profits from H1 2020. That is why the creator Ultima EA and Rush EA Mislav Nikolic from Bull Capital and we at ECS **always emphasize the importance of trading at least 1 year (!).** Because when trading anything shorter than 1 year, traders are vulnerable to short-term ups and downs. It is similar to a price of a stock. Usually it is advised to hold on to a stock for a while because there will be ups and downs before the price enters a clear positive territory. The EA is up +470% after almost 1.5 years of live trading (as of 5.2.2021). We understand that you are in a loss at the moment and it must be frustrating to see our account ahead by almost 500%. But our live track record is longer and unfortunately the EA has shown weaker results in H2 2020. Luckily 2021 is off to a better start with +26%. Here is our live trading account with our live trading money that everyone can view to confirm the numbers that we use: [http://www.myfxbook.com/members/EliteCurrenSea/ultima-ea-5-risk/6543328](http://www.myfxbook.com/members/EliteCurrenSea/ultima-ea-5-risk/6543328)
3) Please keep in mind that the more risk per setup, the larger the draw-down. The EA can be traded with various risk levels. If it's traded with 5% risk per setup, then of course the draw-down is going to be deeper and the risk of the account blowing up is also higher (has not happened yet but of course the risk is higher). 3% is considered medium and 1% risk is moderate to low. Here you can see the actual live trading results and draw-down with real money (!) of each risk category:
**5% risk —> +526% / draw-down 62%** [https://www.myfxbook.com/members/BullCapital/ultima-ea-bull-capital/3472089](https://www.myfxbook.com/members/BullCapital/ultima-ea-bull-capital/3472089)
**3% risk —> +373% / draw-down 45%** [https://www.myfxbook.com/members/BullCapital/ultima-ea-med-bull-capital/3601377](https://www.myfxbook.com/members/BullCapital/ultima-ea-med-bull-capital/3601377)
**1% risk —> +59% / draw-down 14%** [https://www.myfxbook.com/members/BullCapital/ultima-ea-low-bull-capital/5687260](https://www.myfxbook.com/members/BullCapital/ultima-ea-low-bull-capital/5687260)
4) ECS is offering the EA from Mislav Nikolic of Bull Capital as a PAMM, which means we earn via a profit share module. This means that we gain when the trader gains. We share the profit. If there is no profit, then there is nothing to share. Also, please keep in mind that there are plenty of traders that managed to make good solid gains in H1 2020 where the total profits ended up at +265% (see point 2).
All in all, this EA needs patience and at least a year to see through the ups and downs. That said, there is never ever a guarantee in Forex trading that things will repeat. But our live track record with +470% to +520% in 1.5 years of trading is a performance that not many EAs can do. Of course, we wish that the H2 2020 performance was not so weak but that is why Mislav and ECS also emphasize the importance of at least 1 year. The EA tries to build an account up quickly, but draw-downs are just unavoidable for such high risk approaches (you can see that the DD with 1% risk is just much smaller at 14%). We sincerely hope that you would take this information into account when evaluating EAs and ECS. At ECS, we only mention EAs on our website that we trade with our own money. Nothing else. Also, most FX educators hide their results. We do not hide bad results and openly share our myfxbook. We always are transparent and open, in bad and good times. I hope that our feedback helps you see our vision and our emphasis on the long-term.
None of their products deliver, Beautiful packaging, Zero Performance.
I paid about 1200usd to rent the EA for 1 year, One of the worst investment decisions I ever made. The Ea made several losing months and then made a similar but more aggressive version known as Rush EA. I asked that my license be moved to Rush EA, It also made about 2 months of profits before it started losing month after month.
At the end of the 1-year subscription, I demanded they refund my rent because the EA failed to do what they promised and they refused. They launched about 3 other EAs in quick succession and all failed.
All their EAs are overpriced pieces of curve-fitted garbage. They would never give you the ex4 file to ensure you cant backtest it yourself. It's always hosted on their servers through some bloated mechanisms.
How can a serious company be talking about recovering from a 90% drawdown, that's suicide. Brokers would already be closing your largest losing positions at this point.
If you love your FX capital and your peace of mind, stay far away from all Elitecurrency products.
Ultima EA has indeed struggled in late 2020 and the beginning of 2021, when we decided to discontinue the solution (https://www.myfxbook.com/members/EliteCurrenSea/ultima-ea-profit-share-5/7210096) while switching to another EAs (https://www.myfxbook.com/members/corderito/ecs-athena-ea/9740533), as well as discretionary trading.
Over the past several years, the markets have gone through several significant structural changes, deeming some solutions obsolete; that is the reason we have introduced new Expert Advisors as well as discretionary trading, which has since seen 300%+ profit and is available for no upfront fees and no profit share fees to all customers who suffered drawdown with our solutions.
Furthermore, It’s important to note that we never promise guaranteed resources, as Forex trading is one of the riskiest forms of speculation on financial markets. Not-surprising, that is where the abnormal returns come from, and we work hard to educate our clients to understand these risks.
Finally, when purchasing our solutions, we make it clear that the refunds are not a part of our business model, as once we make the sale, the software is forever available to our customers, that is also the reason that we obfuscate the .exe file to protect our intellectual property. Hope this makes sense to you.
When talking about 90% recovery, we have further explained that this would have been done through a combination of trading methods (manual and automated). It is a matter of each investor to decide whether to keep faith in our expertise. That’s why we keep our track record public, and discussions like this are always open.
It is unpleasant to hear such harsh criticism, but we understand your frustration and, should you ever have an interest in turning the tide with your investment via our services, we will do our best to help you recover without charging a dime.
Please reach out if you are ready to give us a benefit of the doubt to help you with your financial goals for 2022 and 2023. There are plenty of opportunities in the markets at the moment and we will be happy to help out.
Once again, sorry for disappointing you with Ultima EA and communication that hasn’t shown you the path to recovery that we have set after the Ultima EA closure.