Update: Moved to Scam Listing after trader lied about NOT using Martingale.
Update: HotForex Closed Accounts for US Citizens
If you are new to this website. Welcome! I’ve been looking for good money managers ( which accept US Citizens) and HotForex is pretty much the only opportunity where we can invest overseas since the CFTC has locked the doors to most FX brokers. This hasn’t stopped me from investing into PAMM accounts at HotForex and I’m glad this broker still accepts US Citizens. Otherwise, all my risk capital would solely rely on my efforts. And, one thing that I’ve learned is spread out the money + focus on diversification!
Company Name: FX Power Club – Growth
Success Fee: 30%
Minimum Deposit Amount:$500
Description
We utilize manual, discretionary trading strategies and three customized expert advisors in this PAMM account. We aim for superior performance while protecting client capital. Our passion and dedication for the forex accounts of our clients show in our performance, and we always place the same trades in our PAMM account that we place in our own live money account. We are honest, transparent, and protective over all client accounts. We welcome your business and thank you for your time.
My Experience
I found this trader on Myfxbook and I immediately knew this was High Risk and All or nothing. But, what I’ve learned from being an active member on this site, is that when traders are on Fire, get in before its too late. I’ve seen two money managers with exceptional performance for over 6 months and sure enough, one or two MONTHS after the outstanding performance was enough to knock them off the top rated PAMM performers. As a result, invest with risk capital only and pull out the intitial investment as soon as the account doubles. Sometimes, I invest a large amount up front for the first few weeks and pull out 50%-70% and treat the account as a longer term investment. Also a small 10% monthly gain is nice income and if the trader takes a significant loss after I pull out 70% of the risk capital, I’d be at Breakeven if the trader lost half the fund.
In this special case, I invested a few weeks after the PAMM was opened and I’ve withdrawn my original investment. The investment account is at a nice gain since the beginning of March, but the current drawdown is probably starting to worry some. And since the markets are closing within the next 12 hours with Non-Farm- Payrolls I’d be worried too, if I just invested yesterday. Just like trading, timing is crucial for investing as well. I’d suggest watch the account over the next week and see how the current drawdown is handled.
Growth of 400% Since January
View the account Here
Who’s the Trade Behind Fx Power Club
- Dr. Jason Gospodarek
- https://twitter.com/#!/drjason
- http://www.linkedin.com/pub/jason-gospodarek/30/300/841
- http://www.greenbayeyecare.com/
- fastpips.com
- http://www.newforexbroker.com/ – DUkascopy IB 2806 – Hotforex-8253
- http://web.me.com/jgospodarek/QuantumFinancial/Welcome.html
- CEO at Quantum Financial Network, LLC – http://www.QFNetwork.com ( Domain Expired – From – Date: 4/20/2010 12:00 AM)
- http://web.me.com/jgospodarek/ForexImmersion/Welcome.html
- http://www.foreximmersion.com/ – Forex Signal Service in 2010
- http://fastforextrading.com/ – Training Course For Purchase- Expired Domain From – 3/8/2011 12:00 AM
- http://www.provenwealthsolution.com/ — Automated Trading
- http://www.myfxbook.com/members/fastpipsjpy/hot-forex-pamm-fx-power/245110
- Email: Jason@FastPips.com – jgospodarek@mac.com
Update: March 15, 2012
Current Account at 60% Equity. Pulling Funds Now!
Update: April 1st 2012
Martingale Found
Member Since Mar 18, 2010 56 postsForex Trader 45547 (fastpipsjpy) Mar 29 at 18:17
Mr Craig. Pips is not accurate here due to gold and commodity trading. 10 pips in EURUSD is about equal to 1,000 pips in GOLD. Take a closer look friend and you will see what I mean. Since we trade commodities and indicies, pips means nothing here.Have a nice day! (click on ‘Summary’ for more details and you will see more clearly regarding this) This is not Martingale, that strategy does not work over time. Thank you.
Jason was right about that statement ” That strategy does not work over time”.
Account Busted in the first month of MAY 2012 Read here.





