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Author Topic: Has anyone heard of Control Forex?  (Read 877 times)

Offline grobanjosh

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Has anyone heard of Control Forex?
« on: December 02, 2019, 04:02:51 PM »
Long story short - I was looking for a service to manage my account and bumped into https://controlforex.com/
Stats look legit and quite impressive tbh. I like what I see.
But I want to get a real feedback from an actual audience of this service. Don't want to bust my account.
Thanks!
« Last Edit: December 03, 2019, 05:22:30 AM by DamBuster »

Offline petersurrey

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Re: Have anyone heard of Control Forex?
« Reply #1 on: December 03, 2019, 03:51:51 AM »
Good points: Third-party verification via myfxbook through a recognised broker.

Bad points: Hidden trades, 30% day loss and 50% max DD. Marti grid (note negative pips with positive profit with some pairs)

Conclusion: Looks like a marti grid with protective SL which may work longer-term ; providing you don't hit 3* 30% daily losses in a week :)

Offline Foxy_Trader

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Re: Has anyone heard of Control Forex?
« Reply #2 on: December 03, 2019, 06:40:37 PM »
The performance looks really impressive but the drawdowns suck  :-[
It feels like they will not get away with that one beautiful day  :'(

Offline Ruairi OPleurisy

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Re: Has anyone heard of Control Forex?
« Reply #3 on: December 05, 2019, 12:44:08 PM »
One of their account links has not updated since Nov 26th :-

https://www.myfxbook.com/members/controlforex/controlfx-r-risk-18/3289378

The other one has crazy gains of over 100% per month for a few of the initial months so very high risk and the one stop out in Aug of this year saw the 115k balance drop to 82k.

This latter account is quoted at 30% risk but the DD has hit been over 51% according to the MyFxBook stats.

You could get crazy rich, or lose it all in the process.

Offline bradleyjinx

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Re: Has anyone heard of Control Forex?
« Reply #4 on: January 07, 2020, 01:08:19 PM »
true.
but I always want to believe in miracle and that I'm the chosen one that is going to win it all.
I've already won a lottery - I was born in the USA!

Offline Keysen Johnson

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Re: Has anyone heard of Control Forex?
« Reply #5 on: January 27, 2020, 03:39:51 PM »
what is this anyway? what's the point of so called control forex?

Offline tradeguru

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Re: Has anyone heard of Control Forex?
« Reply #6 on: February 13, 2020, 01:31:57 PM »
what is this anyway? what's the point of so called control forex?

well, this thread is in the "managed accounts & signal services" category... so I assume that control forex is a one of companies that helps people to manage their accounts.
if you are not familiar with this type of service - basically you give your money to a group of people (or 1 person) that manage your capital.
It's suitable for the people who have a lot of money but little free time.

haven't heard of control forex myself. stats and info on the website is pretty solid

 

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