Interview · 4 min read
“What if the AI blows the account?”
Roos de Vries put the doubts we hear most to the GemiFX trading team. The answers come with the real numbers, losses included.
By Roos de Vries, GemiFX JournalWith the GemiFX trading team
A question we hear oftenWhat if the AI blows the account?
Then the account closes. That is the partner’s rule, and it is written down before you start.
What you lose is the one-time fee you paid, for example €599 for the $50k account. Nothing more: your own savings never go into the market, and nobody takes money from your bank account.
Roos de VriesLet’s see the real numbers. How has the AI done so far?
Since 28 October the AI has opened 62 trades on 16 accounts. 12 have closed: 4 with a profit, 8 with a loss. Together those closed trades are down $1,286.09.
The biggest single loss was $571.08, the best win $52.05. The other 50 trades are still open, so their result is not known yet.
“Every one of the 62 trades had a stop before it opened.”
GemiFX trading team
Roos de VriesEight losses out of twelve. Why should anyone trust it?
You should not trust it blindly. Twelve closed trades is far too few to judge, in either direction.
What you can check is how a loss is handled: a stop on every trade before it opens, a daily limit, and the loss stays on the partner’s account, not yours.
A question we hear oftenIs this a scam?
A fair question. You pay one fixed fee on the partner’s secure payment page. There is no subscription, and nobody asks for your bank login.
The partner, MyFundedCapital, issues the account and pays out 70% of the profit when there is profit. The accounts are simulated funded accounts, and every page says so.
Roos de VriesWhat would you tell a reader who is still unsure?
Watch first. The line on the homepage shows every trade as it happens, losses too, and our Telegram channel posts updates.
And only start if losing the one-time fee would not hurt you.