AshFX reviews social forex site FXStat and sees the strong resemblance to another forex online site – MyFXBook. In his interesting review, he discusses their new and interesting features such as the verification of the trading source – is it a demo account or a real account – this is very important, as we all know that demo accounts perform better than real accounts.
Another feature is the “Risk of Ruin” that calculates the potential percent of losing all the account. This is his conclusion:
Overall, FXStat is basically becoming a clone of MyFXBook, and I’m not too sure I would be using both sites if they offer exactly the same features. However, competition is always good (unless you’re the monopolizer), so we welcome FxStats unradical “innovations”.
There’s lots more in the review. See it here.