I just have to get it off my chest and say that ever since I opened an account with GalleonFX their performance has been absolutely horrible. My test account is now at $481 down from $1100 – 60% drawdown!! (total drawdown starting from Dec 07) Last month’s performance was lackluster to say the least. I know there is massive market volatility out there and some pairs are ranging like crazy but seriously the folks at Galleon need to stop trading and stop churning our accounts and take a good long look and asses their strategies.
In light of this I think I’ve had enough. After revoking my LPOA once and coming back to the Galleon camp for a second episode of drawdown fun I think I’ve had enough. In a few days I will most likely click that revoke LPOA/LOD link and then it’s bye bye GalleonFX forever.
Anyways, I need to vent off some steam here. By the way, within the next few days or max two weeks I should have some new managed forex accounts on review.
Until then my suggestion is stay away from Galleon for the time being. Unless they pull another 75% miracle win (very unlikely!) then just steer clear from this one for now. The $2K minimum is just a marketing trick really. Maybe I’m being overly cynical here but until I am persuaded otherwise I will maintain my sour attitude thank you very much.
Feel free to voice your opinion about GalleonFX on my forum over here:
http://www.moneyguruforum.com/managed-accounts/1542-galleonfx.html
Alan