JazzForex.com Review

So where is Jazz now? Dead and buried.

Or have they started again under a different name?

All their rebuttals proved to be lies.

Jazz were scammers and everything said turned out to be true.

2015-02-03 2 Stars Nothing to do with patients, to do with facts. I am very patients but your trading is erratic with no regard for other peoples money or risk management.

Look at your performance now. Only third day in February 2015 and you are down 23.77% in 2 days. Is this proper trading? Your gains swing widely. It is not uncommon to have -20% down days, this is not trading, this is gambling. You have no concept off risk management or lot sizes.

Just look at below for 3rd February. Look at the daily swings in equity. You may as well go and play roulette in Vegas.

http://www.myfxbook.com/members/marketedge/jazzwave-2/1106714

No subscribers left. You have even stopped updating your trading blog since December because you have nothing left to boast about. Abysmal failure.

You were rude to people, just check out your comments on myfxbook. Guess all those who doubted you and you were rude to are laughing their heads off now.

Goodbye Jazz.

2014-12-02 2 Stars You blocked people on myfxbook from making comments.

No one said you couldn't change the system. the point was you continuously lied about your background.Your integrity is seriously damaged.

You only make comments after a series of good runs, you go all silent when you doing badly. You refuse to acknowledge your mistakes and you continuously lie.

Go and look at their performance, see how volatile it is.

Look at the MAM account, open 3 months and it has barely made profits with 42% drawdown. With subscription cost, yo'd be losing.

Wave account is volatile, -8% down in 2 day trading, easy to have a 10% down in a day, this is not sensible trading.

They say they millionaires but they only trade demo accounts. They lied when they said they open demo as they in India but they then said they based in USA. If they based n USA, they should open a real account and trade that so we can see them risking their own money.

No idea what to believe with these guys, just read their own comments on their myfxbook to see all the inconsistencies they make. Impossible to know the truth from the fiction.

Examples of their incosnsistencies, from their own writings:

marketedge: The account is demo because we operate out of a country (India) which bans forex trading for nonINR pairs
Aug 19 at 12:50

(marketedge) Sep 20 at 08:39
indian laws dont apply to us. There is just 2 people there. Rest of the team is in NY. So more relevant may be NY laws.

So, if they operating out of NY, why can they not set-up real account and trade their own money so we can see they have faith in their own system.

On their webpage, they posted on 26-Nov, "Jazz Wave: 43% return since 27 Oct".

Performance from 27-Oct to 2-Dec is now 24.62%. So in 6 days, they lose almost 19%. They not mention this anywhere. Very selective reporting.

2014-10-21 2Star Utter rubbish.

Arrogant trader who has lost 10% or more on several occasions now but still maintains he is he the best retail FX signal service that is currently out there.

Blocks everyone on any site that asks him tough questions.

Complete b**** regarding his history and how successful he has been in the past.

Stopped updating a number of myfxbooks and renamed them "beta" to pretend this is just for testing whereas in past, this was what he used to demonstrate how "good" he was.
Copyscape:
0% match | Checked Oct 21, 2014

Rebuttal: Added by jazzforex on 2014-11-23
Where did we block ? We have no rights to block you anywhere? We dont run a forum. Secondly no myfxbook links have ever been taken down. Its all there.

We had one bad month which was well documented.

http://jazzforex.com/forexwall/jazz-wave-performance-update-nov-returns-32/

But then the system is now back with a 30% return in Nov. So the lesson in all this is: Have some patience with system trading. Good system will come back on track and make you money.

Best
John

Comment: Added by jazzforex on 2014-12-09
Returns for Nov 30%.
Returns for Dec 10%.

Returns since we began:
http://jazzforex.com/forexwall/performance-charts-weekly-for-jazz-wave-43-return-since-27-oct/

http://jazzforex.com/wp-content/uploads/2014/11/jazzbackend2.png

Why dont you discuss your concerns here:
http://www.forexfactory.com/showthread.php?t=494900 where we discuss the trades on a live basis.

Please DO NOT put wrong stuff. We have not hidden anything. We started on 15 July and we have made over 4100 pips. In Oct we had some teething issues which is well hioghlighted. We had a DD of 40% but we are at new highs with a performance well over 30% in Nov and 10% in Dec. See other subs reviews.

You behave like an expected retail trader who trades signals for overnight success. You need patience.

I have been using this service for 3 months. My account is now 25% in profit.

The service did incur a few teething problems early on, but I continued through this and am happy to say it is now performing as expected.

To those who have previously written negative reviews, i have two comments - never put all your eggs in one basket as diversification is paramount to investing. Secondly, investing is a long term game - 90% of Warren Buffet's wealth was achieved in the past 10 years - due to the power of compounding. Think about it.

In summary, the results are good and the communication from the team is good. I will continue to put more equity into it as the service settles down and the performance continues as expected. I would recommend this service.

This signal service is a complete waste of time. Not only is the performance terrible , the price they are currently charging is a ripoff at around $300 a month.
A few red flags have been raised while being a subscriber. The first was they have taken trades that was NOT part of the system. These were manual trades which they admitted to taking. These extra trades caused a substantial decline in equity over a days trades.
The second red flag was that their rules state they close trades over the weekend. The one time they broke this rule the price gapped severely on monday morning causing another hit to equity.
The third red flag (the worst in my opinion) was they clearly stated in an email that

"This Trading System was sold to you guys with a max DD of 25%. Jazz can have a DD of 25% as maximum. You all agreed and read and then got on board. This is a reminder to that.
If you ever see a DD more than what you were sold for, your fees will be refunded."

Here is the myfxbook link
http://www.myfxbook.com/members/marketedge/jazz-live/973479

A drawdown of 25.56%. but it gets worse. They then stop trading this account and then reopen another trading account that now has a drawdown of 34.95 %.

http://www.myfxbook.com/members/marketedge/jazz-daily/1039062

So upon requesting a refund they say they have changed their terms.
This is very unprofessional and dishonest.

the fourth red flag is that upon opening the new myfxbook account they have adjusted their trading system to try to avoid correlation.
possibly changing the timeframe as well to please disgruntled subscribers.

So to sum it up. Keep away. They keep changing the rules.

I am not one to write reviews in forums but this time I felt that it was well deserved.

I subscribed to JazzForex about 3 weeks ago after watching their live account through MyFXbook for another 3 weeks. It's not very long time but I was impressed that it was a live account of $50K. That shows that they are confident about their system.

Every single day was profitable for me except for two. One day closed -0.3% and another day -1.41%. Their DD is very low and more importantly the profit is very consistent even with the low volatility of August.

Although you have to pay 4 months in advance for their signals, they give 3 days free trial before you get charged the fee. In these 3 days I was able to make more than the fee through their signals. So, in reality, I got 4 months of signals for free.

Last but certainly not least, their support is excellent. They are very professional and they respond very quickly.

I am very satisfied with their service and I highly recommend them.