Forex Wink Review
A Review of Forex Asset Management Services: ForexWink
This article summarizes the story of the forex asset management services of ForexWink. ForexWink has been in business for some time now, and various categories of traders use their forex asset management services. We would like to know if the aspirations of customers who use ForexWink to grow their forex portfolios are actually getting their money’s worth. Various feedbacks have been left for ForexWink on many forex review sites, and from these feedbacks, we have been able to get a review of the quality of service offered by this company.
ForexWink
Forexwink provides two levels of forex asset management services: a forex signals service and a forex managed accounts service. The feedback available for this provider of forex accounts trade management and forex signals services is provided by several expert and intermediate-level traders who have used ForexWink’s services for more than 6 months, which is enough time to be able to gauge the performance of the services provided.
The strong points of this provider are as follows:
Service Delivery: Signals are delivered using emails and Yahoo messenger. This gives traders fast access to signals for timely executions. The Messenger option is especially handy for clients who are worried about not getting access to email alerts for timely execution of the trade alerts as they are received.
Customer Support: Almost all feedbacks left for this provider are unanimous in declaring the customer support services as one of the best in the industry. Clients attest to the fact that the customer support department is available for clients to solve technical issues and have various inquiries answered on demand. Updates on account positions are regularly provided to clients.
Forex Signal Services: The general consensus is that the forex signals service is just okay. Profits are not so mouth-watering, but the loss factor is also not over the top. Feedbacks rate this service as just ok.
What are the negatives?
Cost: With a 7-day trial period that costs $30, and with prices that range from $75 per month to the basic signals subscription to $1300 per annum for advanced subscription package, the cost of the signals service in our opinion is extremely pricey. There is very little to justify why subscribers should be made to pay so much for the trade alert services.
Difficulty in Applying Signals: Some clients complain that the learning curve is steep and that there are initial difficulties in applying trading signals as delivered.
Forex Managed Accounts Service: There seem to be a lot of complaints about the forex managed accounts services, with several clients complaining of blown accounts and failure of the ForexWink management to provide the promised compensations. A common denominator in the complaints is the speed with which accounts suffer losses, with majority of losses occurring in an average of two weeks of trading. This seems to be caused by the over-aggressive trading style employed by this provider, which does not suit many traders. Our review findings indicate that the performance of the forex managed accounts service could do with some major improvements.
Putting all these factors together, we will award ForexWink a rating of 2.8/5. We will like to see some improvements in the performance of ForexWink’s forex managed accounts service, as well as increase in the ratio of satisfied to unsatisfied clients. Another key area the company should seriously look into is the cost of its signals services; they are way too high considering the returns that traders get from the services.
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