FX Leaders provides detailed analysis with each trade to help traders understand the concept of trading. The company sends out its signals through its application on multiple instruments. Investors can use the website to see the market forecasts and access various tools and charts. To understand if the service can be profitable, we will review it in our article and analyze all the pros and cons neatly.
Is the FX Leaders good?
FX Leaders company does not track their records through verified performance tracking websites. They do not detail the portfolio of account managers as well.
Features of FX Leaders
The service has the following features:
- It offers automated signals for traders
- There is an android application
- Traders are available on multiple currency pairs
- A detailed analysis with each execution
|Trading Terminals||MT4 and MT5|
|Customer Reviews||2.616 for 24 reviews|
What strategy does FX Leaders signal service use?
The developer states that they trade on the forex market for long and short-term positions. Each trade comes with a stop loss and a take profit. From the charts shared on the website, we can understand that they employ multiple indicators and use fundamentals to analyze the market. Price action techniques may also be employed for this purpose. They are trading on various financial instruments.
Backtesting vs live trading results
There are no backtesting records available for the signals. There is no detail present for historical testing on the website.
The company only tracks the live records on the website which can only be accessed by premium members right now. As mentioned before, there are no reports on Myfxbook or FXBlue that could be used to determine the output of the signals.
The core team
In the about us section of the website, we can see that Skerdian Meta is the leading signals analyst. He has been trading in the markets for ten years and has worked in SaxoBank previously. There are no certificates or papers that could verify the said statements. Multiple people are working in the company in various sections such as writing and analysis.
There are 24 reviews present on Forex Peace Army, giving the program a 2.616 rating. One of the traders says that there are multiple signals from the company, but he cannot receive any. The customer support is not able to answer any of the questions.
Another trader says that he used the service for one year and tested the signals for a single month. Most positions hit a stop loss, while others are closed manually with small profits. The company provides no refunds, and he has opened a dispute with Paypal.
Another investor says that he read some reviews online and then tried the service. He purchased their premium signal service, and after the first day of using them, he was down $1500. The customer support was not willing to give a refund and provided terrible service.