Forex NA Review
A Review of Forex Asset Management Services: ForexNA
ForexNA is one of the providers of forex asset management services online. Its services include provision of forex trade alerts and trading on accounts of clients for a portion of trading profits. To what extent has ForexNA been able to satisfy the yearnings of its various clients? Has the company been able to meet all the expectations of clients in terms of customer service, portfolio performance and satisfactory delivery of service? This article aims to provide a review.
Forex NA
ForexNA is the managed accounts service of ForexNA.com. The feedback available for this provider of forex accounts trade management and forex signals services is provided by expert traders who have used ForexNA’ services for at least 6 months, which is a sizeable duration to gauge the performance of the service provided.
The strong points of this provider are as follows:
Customer Support: Almost all feedback left for this provider in the area of customer support is positive. Clients attest to the fact that the ForexNA customer support department is reachable and provide clients with regular updates as to the status of their accounts. Customer support is also available for clients to solve technical issues and various inquiries.
Forex Signal Services: Many clients attest to the profitability of the forex signals services. New subscribers are given a trial period where they are provided with free signals, and the provider still gives out one free signal per month to paid subscribers. The provision of free and profitable forex trade alerts is the strongest point for this provider.
However, it is not all good news from the users of this company’s services. These are the areas where feedback has not been so positive.
Forex Managed Accounts Service: The feedback left for the second component of this provider’s trade alert services does not seem to be replicated in the forex managed account services. While there was an almost unanimous approval for the trade alerts service of ForexNA, there are many more dissenting voices from managed accounts service users. Some have complained of their accounts being blown as a result of the risky trading style of this company.
An analysis of a positive feedback from a user who recovered an almost-blown $3,500 account using ForexNA, with an extra $2,400 made in two weeks, seems to lend some credence to the aggressive trading style of this provider. Particular disturbing is the unverified claim by a particular client that client accounts are split into two and opposing positions are taken on any trade so that at any point in time, 50% of accounts will win and 50% lose. However, this claim has not been backed up with facts, and no one else has made this same allegation. We have also not been able to get independent verification/rebuttal of this claim, so we will assume it is just a claim by a disgruntled customer. All in all, there are many more positive reviews for the forex accounts managed service than there are negative ones.
Cost: The cost of using the forex trade alerts service is $120 per month. This is quite pricey when compared with the industry standard. However, the positive reviews by users of this service seems to justify the cost of the service, as profits made from trade signals should be able to cover the costs of the subscription.
Putting all these factors together, we will award ForexNA a rating of 3 stars out of 5. A higher rating can be achieved if some of the concerns of clients are addressed.
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