May 21, 2012: TRENDSFX IS A SCAM. RIZWAN AWAN IS A SCAMMER. Rizwan Awan has broken promises to not trade client accounts. The FPA has been shown evidence that he is now making large, high risk trades to collect a few hundred dollars in IB commissions. This is costing clients large amounts in losses. If you have given Rizwan or anyone at TrendsFX an LPOA, contact your broker and revoke it now. If you have shared your account password with anyone at this company, change it now. If Rizwan Awan is your IB, contact your broker and find a way to remove him. If necessary, take all of your money out of the account and open a new one.
Rizwan Awan is a scammer. Click here to read more about Rizwan Awan's long history of scamming clients.
As of now, the FPA will consider any forex company that Rizwan Awan owns or any forex company that employes Rizwan Awan to be a scam.
The good news here is that TrendsFx.com's website is gone. That's one less scam on the web.
March 2012: WARNING! Two of the four trading programs offered by TrendsFX appear to have broken the company's promise to stop trading when drawdown reaches 25%. In one case the FPA is aware of, the client's account was taken negative. The results of both of these managed accounts priograms have been removed from the TrendsFX.com website.
At this point, the FPA recommends against allowing TrendsFX access to your trading funds. If you have granted access, the FPA recommends revoking the LPOA and changing your account password.
February 2012: The FPA is checking some background information related to this company. We recommend delaying any decisions about whether or not to have TrendsFX managed your funds until more information becomes available.