Comments on: Currensee – Forex Trading 2.0 – Part I

By: Currensee Trade Leaders Profitability Rate Significantly High | Forex Crunch

Tue, 07 Jun 2011 12:44:23 +0000

[...] performance, especially with placing orders with brokers. In the first days of Currensee, I remember that performance was somewhat slow. Also here at Forex Crunch, I am making an ongoing effort to [...]

By: Bridger

Bridger — Sat, 26 Feb 2011 23:41:03 +0000

Ok I will spill the beans here. I’ve been with Currensee as an Investor now since Dec 12th. And to say the least the performance has been subpar and what they are doing is either misrepresentation of their profits or they have some MAJOR bugs to work out in the system.
This has bee based solely on my experience, for 6 weeks some of you may make the jump and have a great experience. But as always people change when it comes to money, even though I try to separate emotionally from it.
But to keep the story short and simple, I put $30,000 in as my original deposit. I actually didn’t deposit the money in until Dec 27th, 2010 and had my money allocated to my selected trade leaders on Dec 29th. In the last 2 days of Dec 2010 I got a nice 2% from Winsor Hoang (the trade leader)
Over the first 2 weeks of Jan I made a healthy 16% on my money and was convinced that this was legit. then on January 18th it seems my account hit a wall. Losing on an average $350 per day, sometimes as much as $1,000. Bringing me down to a modest $2500, left in profit in my account. As I browsed the website 1 day I just stumbled upon one of my current trade leaders profile sites. And he still had a posted 29% return for Jan 2011. I was shocked as he was the culprit behind my major loses for the previous few days. I made a call to Jeff Garcia my only contact at the company, and he had no explanation and said he would look into the discrepancy.
Over the next 2 days my account took a combined $1700 dollar loss and “LW tradings” profile, who I had the discrepancy with, his posted return rose to 35.7% for Jan. So as of now my account has made a combined profit of $344.40 with “LW Trading” having lost me $1718.50 between his two $10,000 allocations. Yet his posted return as of now for Jan is still reflecting 37.8%.
So either they are either falsely presenting their numbers to the public, of they have some SERIOUS bugs to work out in their system. I have filed a complaint with the NFA against Currensee. My recommendation based on my experience in this last month, is to not invest your money now. At the least wait a few months and let the NFA look into my complaint matter and give them time to work the bugs out as you may not be as lucky as me, and could end up losing thousands of dollars if not more.
I have uploaded several screenshots of my Currensee login info to Photobucket for viewing to back up my story.
Also over the course of the last month I did not interfere with my account AT ALL, I did not even trade it myself. The reflected profits and losses are solely the trading of the Currensee trade leaders.
http://s1141.photobucket.com/albums/n588/Bridger_Cottle/

By: Yohay

Yohay — Thu, 01 Apr 2010 21:40:03 +0000

Katy, the access to live accounts is the point of the whole platform – this read only access is done by other users as well and can show you what others are doing. You can see their actions and strategies.
Regarding communications, I believe they will grow as Currensee gains traction – like any social platform…

By: Katy

Katy — Thu, 01 Apr 2010 21:06:20 +0000

sounded great until I learned need to give them access to live accounts and are receiving kickbacks from the brokers their members trading activity. sorry I don’t buy it.

was also talking to a fr=ind who joined who tells me there’s not much communications amongst members. looks like just another well masked IB scam..

By: Yohay

Yohay — Sat, 02 Jan 2010 11:34:54 +0000

Hi Taher,

I hope the guys at Currensee will add your platform as well. They’re working on adding new ones all the time.

By: Taher

Taher — Fri, 01 Jan 2010 09:23:17 +0000

I want to join this group. My trading platform is Citiindex. But this platform is not included in your list. Please suggest.

Regards,
Taher

By: Forex 2009 - Favorite Posts | Forex Crunch

Forex 2009 - Favorite Posts | Forex Crunch — Tue, 29 Dec 2009 20:05:17 +0000

[...] Currensee – Forex Trading 2.0 – This site is my favorite social networking forex site. The connection to real accounts is its greatest strength. In 2009 we’ve seen many social media ventures, and I’m sure we’ll see all them evolve in 2010. The post linked is the first part of the review. [...]

By: Forex Posts - 15 most popular in 2009 | Forex Crunch

Forex Posts - 15 most popular in 2009 | Forex Crunch — Sun, 27 Dec 2009 16:24:19 +0000

[...] Currensee – Forex Trading 2.0 [...]

By: DailyFX Relaunch – a good broker’s site | Forex Crunch

DailyFX Relaunch – a good broker’s site | Forex Crunch — Tue, 08 Dec 2009 12:09:39 +0000

[...] review of Currensee – a site that brings transparency into forex trading. Enjoyed the post? You may want to [...]

By: Currensee Marketplace launches – forex premium services offered | Forex Crunch

Thu, 19 Nov 2009 12:01:42 +0000

[...] Marketplace. Click to enlarge. This launch, about a month after Currensee opened its gates to the public, is one of Currensee’s important ways to make money. Currensee’s site is free to use, [...]