AssuranceFx.com Review

3.578 • 23 REVIEWS
Out of business Also ForexForecasts.net khalid rizk
Updated: Aug 31, 2023
The FPA recommends extreme caution dealing with this company.
NOTE: 2011-01-27:  Someone attempted to get this review page and the Assurance Fx discussion thread removed from Google's search of the FPA by requesting it be filtered by Google Safesearch.  Khalid Rizk also has threatened to sue the FPA to get our comments removed from this page.  It looks like someone at AssuranceFx doesn't want you to see this page.

 NOTE:  This company's website was created on 2010-11-23.

Dec. 2010:  We have seen a pattern of highly suspicious positive reviews.  This pattern is consistent with  other cases where someone has attempted to manipulate the ratings using fake reviews.

Jan. 2011:  Continued emails from AssuranceFx make the FPA more and more sure that the suspicious reviews are fake.  Further, Khalid Rizk the owner of AssuranceFx doesn't seem to understand some basic forex terminology.

2011-01-18:  We've just learned that this company was formerly at forexforecasts.net.   That website was previously listed in the FPA's reviews.  We've now merged those reviews into this page.  As part of this, we found a review submitted by AssuranceFx came from the same IP as a 4 star review for forexforecasts.net that was left in 2007.  It looks like this company's pattern of giving itself fake reviews is older than we first thought.

Other websites of this company include assurancemanagedforexaccounts.com and assurancemanagedforex.com
Website is down. Company seems to be out of business.
AssuranceFx.com
Out of business
3.578 • 23 REVIEWS

Recent User Reviews of AssuranceFx.com

L
Lin
Ontario, Canada,
Nov 25, 2013,
Guest

I was customer until May 2013 - overall a great service with consistint returns but at times they are more aggressive. I would happily return if they start accepting Canadian clients again b/c most of the other managers out there are scam artists!
M
Matthew
Ontario, Canada,
Aug 6, 2013,
Guest

after being forced to close my account a few month ago i got around it by opening an off-shore corporation. Last month was my first month using the new account and the return was over 10% before the fee.

2011-11-20 5 Stars My one year milestone is approaching and I wanted to report back my experience with AFX. Early in 2011 the gains were enormous and I would literally check my account on a weekly basis to see double digit gains. The consistency of the returns has tapered off but I am still well in the black and have developed a good feel for how they trade. My one complaint is that sometimes they do not enter stoplosses right away and they argue that it's because the system they used is based on time and not price. When i enquired about this they said that sometimes they wait 24 hours before entering it.

2010-12-12 5 Stars Hello investors,
My experience with this company has been superb so far. I've only been with them for 5 months but what I'm seeing to this point compared to the different companies that i've tried over the past 3 years is very positive. Keep up the good work!
B
Buyer Beware
Ontario, Canada,
Jun 19, 2013,
Guest

BAD BAD BAD!
Took my 25k account and diminished it to less than 10k in under 2months.
Clever Deceptive office address he listed as beinbg in the toronto financial district, but it turned out to be a residential one not in the financial discrict. Wish i knew that in advance...
A
Anonymous
, Canada,
Jun 2, 2013,
Guest

Their broker stopped accepting Canadian clients so I was forced to close my account :(( Oh well, it was a great ride while it lasted.

2012-10-09 5 Stars I cant say enough good things about John and company... very professional and always get back to me QUICKLY when I ask questions unlike most managers in this business. Two big thumbs up and YES they make money....
R
Robert
Georgetown, Ontario, Canada,
Sep 29, 2012,
Guest

Another fabulous quarter ->>>> over 30% return after the fees!!! Cant complain about that!!!
C
Client in capital
Ottawa Ontario, Canada,
May 6, 2012,
Guest

I signed up in the middle of December 2011 and my account has gained 13 percent after the fees they charge every month, not bad, but not nearly as good as last year and the years before.I'm just glad they arent losing money because I had some really dreadful experiences with fx managers
C
Carl
Clarington, Ontario, Canada,
Feb 9, 2012,
Guest

I am having good results so far;
Despite some of the reviews I spoke to the manager and he gave me a good explaination about what happened. after the fees and broker comission I am in the positve about 30% since mid-2011. since i only started with 10K I will top it up to their minimum soon b/c I am now confident with the investment
T
Tim H.
Ottawa,
Sep 30, 2011,
Guest

I've not used AssuranceFX services. However, I went to check their website and found very strange discrepancies that should raise some eyebrows:

As of Oct 1, 2011 Under Performance, they list Feb, 2011 / June, 2011 / July, 2011. But they don't list March/April/May, 2011. Why would they do so?

Do your extreme due diligence and good luck!
C
C. Daley
BC,
Jan 24, 2011,
Guest

I had acount 2 years ago and closed it because i lost my job & needed the money, they make decent returns and always respond to questions.Will go back when i am in a position to do so
G
Graham Elias
cambridge ontario,
Jan 22, 2011,
Guest

I started with 5K in 2006 and the account balance is now 57K, this is the only investment i can whole heatedly recommend