A test drive is a notion used in auto industry to describe the process of testing a new car to find out its strengths and weaknesses. These days, the notion is used in in a wider sense. On top of that Masterforex-V Academy dared translate it into the FX industry in order to describe the process of testing various Forex brokers claiming they offer premium-quality products and services mostly to retail clients. The experts’ job is to find out for sure whether it is true and whether the tested broker can actually be trusted by the average FX trader seeking stability, transparency and comfort along with other benefits.
It should also be noted that the next broker for testing is usually chosen by Market Leader readers or Masterforex-V Academy students, traders and investors. Most of the time, the trading experts test new companies with big ambitions and promises. With that said, it is not accidental that PrivateFX is the next target for testing.
Never in the history of Forex have we seen a company claiming that it enjoys several thousand happy clients and excellent expert feedback even before the official start of the trading platform. On top of that, PrivateFX is said to have some traits of the next-generation broker and to be backed by a major investment company named Concorde Capital.
Still, Masterforex-V Academy is eager to check if that’s true and the company is as good as it claims to be.
Now let’s take a closer look at the most common questions our readers and Masterforex-V Academy students, traders and investors ask about PrivateFX:
The lion’s share of the questions about PrivateFX has to do with the company’s brand-new investment solution – Active Investor. The thing is, Active Investor is more than just an investment product. This is a revolution in the FX investing niche comparable to the case when FX PAMM investing was first introduced to the public. Within the scope of the project, the users were first offered to trade and invest using the same account. On top of that, you can simultaneously copy others’ trades (apparently, those placed by successful and winning traders) without having to switch to other accounts. This is an-all-in-one solution for those with a serious approach to financial markets.
At the same time, all the transactions made PAMM managing traders are claimed to be 100% transparent. The investor can see the real-time transaction and money flow. Simply put, the investor can keep track of the situation, stay in control of it and suspend the transaction and withdraw the funds from one PAMM account at any time in order to quickly invest them in another one or even cash in. On top of that, it is possible to close the losing trades even before the managing trader decides to do it.
The second-most popular question about PrivateFX has to do with the company’s PAMM accounts and indexes. These are not just another PAMM service you can find with most FX brokers. This is the legacy of ForexTrend, which took nearly 5 years to develop and polish. We remind you that at this point, the project has accumulated the industry’s best products in terms of such key factors as profitability, drawdown, risk tolerance, stability, offers, rollover withdrawal etc.
The next bunch of similar questions has to do with its business approach. They say PrivateFX has proven its client-oriented approach. In particular, the company lets you test the company’s products and services by getting $5000 credited to your account and trading, investing and examining everything in the demo mode before you decide to deposit you money.
Test Drive by Masterforex-V Academy
Masterforex-V Academy, Europe’s best online FX coaching website for over 5 years, announced the start of the test-drive on November 20, 2015. It is important to keep in mind that since the company is in the test mode and doesn’t accept funds from traders and investors for now the unbiased experts are going to use demo-accounts to test the company.
By the way, the corresponding topic created at Masterforex-V Academy’s forum was visited by over 4000 unique users in a matter of days, which testifies to the importance of the given test.
For now, the testers’ goal is to find out which of the products and services offered by PrivateFX are promising, how to deal with them and what can be recommended to the company’s management in terms of improvement.
On the other hand, PrivateFX is interested in successful testing by anyone who happens to become a demo-tester. As for the test drive, you can keep track of the progress and highlights at Masterforex-V Academy’s forum. Good trading and investing!
