Ohlsen Trading is an account management service that offers a mashup of Forex signals and copytrading services. Ohlsen Trading allegedly guarantees 99% win rate. They claim to provide clients with about 4-13% every month on average.
Obviously these claims are quite aggressive and the average investor will definitely want proof of the same. We’ve bumped into such companies before, claiming to be trading on behalf of their customers and making ends means.
They usually turn out to be scams. Based on Ohlsen Trading too good to be true promises, we believe that something is cooking behind the curtains.
Before you employ these people, you should read this Ohlsen Trading review because we’ve analyzed major aspect of this company’s website and can advice you accordingly.
Ohlsen Trading Review
The first information to seek is usually company background plus the people who work for the company or website in question.
Ohlsen Trading does not disclose the identities of the traders running its operations. In fact, the owner of the website has refused to disclose their identity. So the question that we’re asking these guys is why hide?
In addition to this, the company is claiming that their copy trading can produce monthly returns of up to 13%.
We don’t know about you but for us, unless the vendor provides a verified result to prove same, we take their claims with a pinch of salt.
Ohlsen Trading Breakdown
Location – N/A
Owner – n/A
Return – 4-13%/month
Strategy – Automatic
Win rate : 99%
It’s quite apparent that something isn’t making sense here. The website promises 99% win rate which is just out of the ordinary. We don’t believe any human or trading software can achieve this. Currently we do not know the location of this company or website owners since this information is completely hidden.
Ohlsen Trading Result
The owners of Ohlsen Trading provided a trading result for their signals and copytrading services.
They are using the services of myxbook.com for tracking their trading results.
As it stands now, their myfxbook.com account is showing a total gain of -8.1% and monthly return of -2.26%. Also drawdown is huge at 30.4% considering that the account is barely 4 months old.
Drawdown of this nature speaks volume and should not be overlooked. This vendor is using a very high risk trading approach, a fact that a reasonable trader cannot ignore.
A trading statistics of this nature shows that their trading strategy is not profitable from the word go.
We have seen a bunch of account managers ruining the financial future of their clients because they are risking too much to chase bigger profits which never seem to turn into reality.
Conclusion
We recommend avoiding Ohlsen Trading at all cost. This is not a true trading service and they are not transparent about important issues pertaining their operations.
It appears that this vendor is not honest about the returns of their copytrading service.
Thanks for reading this Ohlsen Trading review. We’d like to hear your feedback regarding the same.
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Ohlsen Trading
$65
Pros
- myfxbook result
- Fair pricing
Cons
- High drawdown
- Anonymous services
- Poor strategy insight