Prophetmax Managed FX Review
Prophetmax has closed its doors for the near future. If you are interested in investing in another managed forex account, please check out www.thefxhelpers.com.
Information |
|
|---|---|
Average Monthly Returns (4 Year Average) |
9% |
Cost |
AUD $1,900 |
Leverage |
100:1 |
Maximum Drawdown |
-8.68% |
Minimum Investment Amount |
$10,000 |
Performance Fee |
25% |
% of Profitable Trades |
70.89% |
Prophetmax is unique. It is far more than just a managed forex account service. It is a wealth generation platform. I use the term wealth mindfully because it is not only about monetary wealth, it is about wealth in mind and body. It is a community that has at its helm a mentor, the creator of Prophetmax, Senen Pousa.
Senen is peerless. He is very successful. He has great insight. He is creative, inventive, ingenious and original. He is forthright and honest. He is Australian. (Can’t have it all I guess). Only Joking, I love the Aussies and Australia.
I may sound over the top with my opinion of Senen, but that is how I see it. He knows how to make a buck or two and one of his goals is to provide everyone with an opportunity to partake in the massive financial markets and prosperity creation.
The distinctive quality with Prophetmax is that it is much more than purely a monetary creation system. It goes way beyond that. It is a lifestyle change. It is about looking after your body and mind to achieve fulfilment in life and mind. On the gatherings that Senen takes, he goes into incredible detail and reveals a whole wealth of information many about how to take care of yourself that it is very impressive to behold. This part of Prophetmax is more important than purely how to create money as such.
Prophetmax has different facets to it. The managed forex account is just one part of it. There is ProphetMax Quant, an automatic proprietary trading strategy using many algorithms. There is Prophetmax Pro, access to occasional stock trades and other services such as access to weekly webinars (gatherings). There are VERY exciting projects in the pipeline.
The Prophetmax Managed FX service is very good, in my opinion. After levels 1 and 2 of Prophetmax have been completed, you are able to set up a managed forex account. It is very simple to do. There is an online application form to fill out. Once accepted, you have to send in a copy of ID such as passport, and utility bill. You can then fund your account. The minimum amount that can be invested is $10,000.
Once your account is funded, you can download the online trading platform that the traders' use. This platform is in read only mode. If you happen to be logged on whilst a trade is in progress, you would be able to see it in real time. This is unlikely though because trades only last a matter of seconds, minutes at most. From the platform you can also access all previous trades and download them to your computer.
How does Prophetmax Managed FX perform?
You can find out how my Prophetmax managed account is performing here - My Results
As I write this, April 8th 2012, my account is up almost 20% from when I started, the 30th October 2011. So that's about 4% returns per month so far.
The price for a year is AUD $1,900 Australian Dollars. This includes much more than just the managed FX though. Bear in mind that performance fees are 25% as opposed to 35% with most other managed forex companies.
Information |
|
|---|---|
Average Monthly Returns (4 Year Average) |
9% |
Cost |
AUD $1,900 |
Leverage |
100:1 |
Maximum Drawdown |
-8.68% |
Minimum Investment Amount |
$10,000 |
Performance Fee |
25% |
% of Profitable Trades |
70.89% |
