fxfareast.com Review

I had an account here for 1 1/2 years, he lost all the profits he made in 1 1/2 years. I was up 150% and barely broke even after his downtrend. I did wonder if he was offsetting trades so others could win, his trades were so bad.

I am closing my account today , the brokerage wont let me get out while there is a trade open!, the trader has been counter trend for a long time, he has been at best only to come back to break even from drawdowns, after a huge market move down he was buying all the way down, the market went into consolidation, where he closed the huge loosing trade(75%), then went to another pair and countertrend again, I can only hope he closes the trade soon, so it is not a 100% loss, THIS IS WHERE IT IS GOING, 100% LOSS, also I checked here before investing there was only 1 report saying he was good at that time! do not go here!

I loose 30% from account, he makes sometimes winning trades =>ok, but the chance risk ratio is bad (underwater equity), and I don't understand why so many users gave a good feedback.

Ok, time to pop the bubble on this one.
30-40% open drawdowns that can last for months. And in July he left abruptly for a month but not before closing out all his clients for about a 25-30% loss-no explanation given! Those who stayed on after that fiasco have suffered more. To his credit, the trade history results on website are reasonably accurate but give you no idea of the open drawdowns. If the market ever gets really volatile (look at 20+ years with a monthly MT4 chart) an account will be quickly wiped out. Look elsewhere.

Hi,
I visited the website today and it is delivering viruses. As soon as I deleted it, the second was delivered. I have all screenshots showing the virus alerts. Probably akmos charts are the culprit for these viruses.

dave

Great, Great, Great... I work with him since 6 month. Alexander make 50% for me. So I hope I have a nice future :-)

Quite a peculiar style of trading!! I'm with Mr. Kim since Nov 06 and definetely this is not by far any kind of scam, true web information, instead he doesn't post info about opened positions. Trading is long/mid term Elliot based in the USDCHF and EURUSD, holding positions with interest in favor and hedging with the other. The problem is having stomach to hold loosing positions. For example: right now there are opened one long USDCHF position since february who was loosing a gross 30% in their worst situation, even when it has made 7% in interests and could achieve breake even not so far from where it is now.
He has made significant money in my account but be mentalized to hold on significant loosing trades. The bottom line: I don't know where the limit is, perhaps stops are in the 35% (I was quite near of making a significant loose) or stops are in the 95% (heavy sell-offs will blow you away).

After watching the traders performance closely since mdi 2006, I have recently opened an MA with this trader. I have been pleased with the service and prompt responses. Encountered a minor account setup issue with the broker, and it was prompt rectified with help from the Trader. The trading has been good so far, and I do expect to make some money here (for a change)!!

Firstly thanks Felix for the great site. I have been with FXfareast in a managed account since DEC 2005 and I am fully impressed. They are a professional setup and return emails promptly. Finding a good managed account can be as hard as trading and when you do the minimum account needed is too much. Not so at FXfareast. The trading style uses a Eur/Chf hedging strategy that minimizes drawdown for the account. My account is in excellent profit and has not had a loosing trade yet. Over trading has never happenned. An excellent service all up and happy days here.