ETG FX Review

ETG FX offers two types of services – fx managed account services called “Trade Copier” and “Property Syndicates”. The review will focus on their managed account service, providing details about how it works, the trading strategies used and the performance results.

ETG FX Overview

ETG FX stands for Elite Trading Group. According to the bio at ETG FX official website, the company was founded in 2016. It is not mentioned any name of a founder and CEO.

The person is just called “Managing director”, and it is pointed out he spent years “helping aspiring traders make their way in the Forex world.”

In 2018 ETG FX stepped into a joint venture with other different companies, thus expanding its services to “trading consultants in the Forex markets; advising on strategies, picking currency pairs to analyse, and offering trade set-ups with desired entry and exit points”.

In 2019 they entered another partnership, enabling them to start offering services in the Property investment. We also found out that ETG FX headquarters are in the UK, but they also have offices in the USA.

This is undoubtedly an impressive bio, but we wish there were more information on the team behind the company or the CEO’s name. The lack of transparency in basic details like this raises some awareness among any potential client.

EFG FX Managed Forex Account Service Review

According to the official information on the ETG FX website, they managed forex account services are utilised by automated trading software. They called it “Trade Copier”.

The software uses fundamental and technical analysis to place trade orders. After, these orders are copied on to the clients’ accounts. It is a practical and straightforward approach. However, in our opinion, it doesn’t explain how the personal requirements of each client are met, as it seems like there is one type of order placed for all accounts.

EFG FW Trade Copier How It Works Review

To start with the managed forex account service of ETG FX, you are required to submit an application form with their partner broker, Vantage FX, where you need to specify that they have referred you.

All Vantage FX accounts use the MT4 trading platform. Once the process is complete, including verification of your identity, you will receive login credentials that you can use to fund your account.

The minimum requirement for your investment is 500 USD. The last step is to contact EFG FX and arrange their trading software to be installed on your account.

EFG FX Performance Results Review

EFG FX hasn’t published any performance results on their website or linked to myfxbook or fx blue accounts where they can be monitored. We have researched and found one EFG FX -mirror account in myfxbook, created by a user named Robert Ferk.

His account has been open for eight months in 2019 and has been verified. According to the data, for this period, the account achieved a +11.43% gain. There are no other accounts to illustrate whether the EFG FX Trade Copier service is still effective.

Conclusion

At a glance, ETG FX has a well designed and informative website. However, we miss some more details about their managed account service, including trading strategies and performance results.

We couldn’t find any customer feedback either. The only comments posted are on their branded Facebook page, but they all read as an advertisement.

Pros:

► Minimum six years of experience in the industry

Cons:

► Lack of details about their services