Gains was just beyond 1000% in a FCA and SCB regulated broker.
Infinox- beware. https://www.forexpeacearmy.com/forex-reviews/12919/infinox-forex-brokers?per-page=50
As I'm a trader, I have to concentrate on the market firstly. Now I'll make brief introduction to you.
1. 80% Drawdown?
① It is relative drawdown. If add the withdraw balance, the DD is near 40%.
② The Drawdown is correlated with the risk appetite and ROI expectation.
You could see this account, DD is no higher than 8%, but yearly return is 50%.https://www.myfxbook.com/members/BrianHarris96/elliottwave-system/2674008
2. How to control the Drawdown?
Is it the lower the better?
① To my experience, I always divide my total investment balance into 3 parts:
30% for Forex, 25% for Commodities, 45% for Stocks.
② For example, I finally decide to invest $100k in Forex.
I'll use $30k for higher leverage and higher risk to maximize the profit.
However, in this case , the Drawdown maybe higher inevitable.
As long as I trust myself, as long as it could be afforded by the account, then I'll accept the higher Drawdown. Cause it can bring higher return.
The other $70K in Forex investment, I'll well control the risk, only use 1:1 or 1:2 leverage.
( 1:1 leverage = 0.1 lot per trade for every $10k balance )
③ The same method to trade Commodities and Stocks.
3. Regarding to the Broker:
① As far as I know, Infinox has good business relationship with some Australia and Europe based Brokers, such as ****age, *o***kets.
I apologize in advance that I could not write their full company name.
I also suggest you to do so next time... :)
② Regarding to the comments in FPA, 120 points = 12 pips, it is very normal during the daily market open and close.
You could observe all the other retail brokers.
③ I'm not sales representative of Infinox.
I already open a new account in Tickmill to further justify my trading ability:https://www.myfxbook.com/members/BrianHarris96/tendency-forex-v2/7821378
④ I invest very less in MT4, only want to display my track record and verify it in 3rd party.
Hope this could help,