Everyone is trying to sell you a forex course these days, from reputable retail traders, to scammers and d-list celebrities, forex has become the latest hot commodity alongside crypto courses.
The issue with the new hype around the industry is it’s becoming much harder to see which mentors are offering us value and can help us become consistent traders and which are just looking for our money!
In this article, we are taking a look at Falcon Fx, owned by Mark Hutchinson – a fairly well known UK based retail trader. The company has been doing a fair amount of paid ads on Instagram over the last few months so I’m sure you may have seen them!
So, is this the company for you, or the next useless education company? Let’s find out…
Who Is Falcon Fx?
Falcon Fx is a forex trading education provider, owned solely by a U.K based retail forex trader called Mark Hutchinson. Falcon have been soaring to new heights recently, if you pardon the pun, since doing some fairly successful ad campaigns. Falcon also used to be endorsed by a few of the Instagram communities biggest retail traders like Michael Bamber, who have all since left the community. They are still 7000+ students strong, however, and one of the best forex trading courses currently!
As the company and owner are U.K based, we are able to use Companies House records to see the companies information – should you be interested in seeing who is behind the company.
Now that we know who Falcon is and who’s behind the trading company, lets look at what it is they are actually offering us…
What Does Falcon Fx Offer?
Falcon Fx claim to offer everything you need to become a consistent forex trader… so what does that actually mean?
They offer a huge amount of content and support to beginner traders to help fast track their careers and learning experience. This includes…
- A foundation series
- Private trading community full of like minded students
- A rewired psychology program
- Weekly market forecasts
- Access to multiple mentors
- Interactive members area
- Trading strategy handbook
- Intraweek updates
And much more! There is going to be a lot of content in here that you could be getting online for free, as with all forex courses at this point, however, having everything compiled into easy to follow material and having the support of Mark and Neil is going to be potentially much faster. The community seems to be extremely strong, which is something that really sets Falcon apart from the rest of the Top Forex Courses List.
The weekly and monthly market recaps are great for traders actively trading the same strategies as taught by Falcon as you’re going to be able to see exactly what the rest of the community and coaches are seeing. Hundreds of eyes are better than 2, right?
Falcon Fx Pricing
As far as pricing and value for money is concerned, Falcon is going to set you back around £100 per month. This becomes slightly cheaper if you’re willing to purchase either a year or 3 month at once. This will drop your monthly cost and allow you to have a few more perks – which may be useful but for a beginner trader I would go month by month, if all honesty.
This £100 monthly price point is fairly competitive considering the amount of value you’re actually getting from the constant updates. Compared to the likes of Trading Masterclass that would set you back nearly $5000 for a year, it’s certainly not on the pricey end. Guerrilla trading, a direct competitor, comes in around the £100 monthly mark too, so it’s very competitive.
Falcon Funding Program
On the website, there is a published Roadmap of what the company is offering and has been offering over the last few months. As of February 2021, the roadmap states that Falcon now offers funding to traders consistently and profitably trading the strategies taught by Mark and the team. I personally can’t find any more information about this from students or on the website, so I’m unaware of if any traders have actually been funded yet or if this isn’t happening.
As a general rule of thumb, prop firms are the best place to get funding, instead of through forex mentors. We’ve reviewed a few educators now claiming to offer funding and there seems to be a huge lack of proof for all of them. I would highly recommend just sticking with one of the Top Prop Firms for getting more capital, like FTMO, The5ers or DT4X.
Falcon Fx YouTube
Falcon has a YouTube channel that posts a huge amount of videos every month, breaking down basic trading information that may be useful to beginner traders or people potentially thinking of joining this industry. There are no real trade reviews or live trades taken on the channel which is a shame, as I’m sure everyone would love to see the transparency of real trades being taken – however, this content is still valuable to beginners I’m sure.
I’m sure the videos are made specifically for the largest amount of potential reach, bringing more students to the website, rather than in-depth reviews of trades that only students or more advanced traders would really benefit from. Either way, check out the YouTube channel to have a look at the content being put out!
Falcon Fx Babypips Thread
Incase you haven’t stumbled across it already, Babypips is one of the best resources in the forex industry for finding out about scams, information, news and everything relevant in the retail side of this industry.
There is a full thread on Babypips, which you can read here, that breaks down some fairly interesting gaps and holes in the past of the founder Mark, in his trading career both in Canary Wharf and as a mentor. A lot of what you read on forums must be taken with a pinch of salt as there is always a student or two that aren’t happy, as most traders will continue losing money in this industry so posts like this can occur often. With that being said, I’d still give this review the time of day as there are some fairly interesting points being made by the writer.
Falcon Fx Reviews – What Are Traders Saying?
Falcon Fx has got an Excellent reputation on Trustpilot over the last few years, with a 4.8/5 star rating and clocking in at over 200 reviews! This is rare, but amazing to see. You won’t usually see a trading education provider having such good feedback purely due to the fact that 90% of traders are still losing money in the markets, so most will feel wronged by their mentors – but this is great to see from Mark! You can compare these reviews against some of the best forex trading courses like Transparent Fx, for instance.
Michael here has even taken on some investor capital since learning trading from Mark and the Falcon team. This is brilliant to see as getting funding is the next step in becoming a full time forex trader! If you’re looking for funding yourself, I’d highly recommend FTMO as they’re currently ranking at the top of our Best Prop Firms List (click here for the full review).
In Conclusion – Is Falcon Fx Legit?
In summary, Falcon Fx is a legitimate company owned by Mark Hutchinson providing trading education to retail traders around the world. The trading education is basic price action teachings which of course can be found online for free on resources like Babypips, but having it compiled in one place with a community feel may be valuable to some retail traders.
The main issue I think traders have with Falcon is the lack of track record being shown by Mark regarding himself or the strategies being taught, as they’re fairly subjective and this can lead traders to feeling disheartened and distrusting of the strategies.
If you have any experience with the company please do let me know in the comments below, I’d love to hear from you!