FX Premiere is a signal provider that claims to have assisted 300,000 traders since 2010. It now wants you to join the platform and be part of its growing clientele that benefits from the professional services offered and attain consistent results.
The company normally sources its signals from 50 different sources and supplies them to subscribers for as low as $37. It is not mandatory to use all the supplied trading ideas in one go. You can choose the ones you believe will generate the best results for the current market condition.
Is FX Premiere good?
Many traders using the system acknowledge that it is good, and hence worth the cost. Unfortunately, the service doesn’t have a proven track record, so we can neither confirm nor deny the claims of these users. In this case, it is advisable to test the trading signals on a demo account first to see how they play out.
Features of FX Premiere
|Strategy||Manual trading, technical indicators|
|Price||Free, $37/month, $97/4 months, $199/year|
|Recommended Deposit||$500, $2500, or $5000|
|Customer reviews||Excellent (4.8 out of 5 rating based on 3392 reviews on Trustpilot)|
These are the extra features of the service:
- It allows you to trade on multiple currency pairs, including EUR/USD, USD/JPY, EUR/GBP, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, and Oil, among others.
- The service provides 1-15 signals per day depending on the package used.
- The devs offer 24/7 live support.
- It comes with a free MT4 indicator worth $247.
What strategy does FX Premiere use?
The company’s signal sources are said to employ a variety of manual trading strategies in the markets. These approaches are guided by technical indicators to evaluate the market and make trading decisions, which are then turned into buy/sell signals. Entry points, stop losses, and possible signals are also included. According to the vendor, the professionals supplying these signals base their strategies on a certain blend of set-ups hinged on price levels, patterns, and economic events.
Backtesting vs live trading results
The developers have not shared any backtesting data illustrating how their signals perform on historical data. They should have tested the signals to determine if they are profitable or loss-making in the long run before selling them to traders. This way, they can be sure that the strategies applied by their signal sources are workable.
Live trading results are also missing. This is beyond disappointing. Opening up an account on Myfxbook to run signals is a very simple and quick process. The failure of the developers to do so is thus concerning; what are they hiding? They should rethink and showcase the trading outcomes their signals generate to increase people’s confidence in the service.
The core team
The FX Premiere Company was established in 2010 by 4 people whose identities are not disclosed. The organization is headquartered in Switzerland and has expanded its reach to other different countries, including Australia, Africa, Europe, Canada, Scandinavia, Asia, and the USA.