FX Profit Signals provides real-time alerts that help you achieve successful returns in Forex. The vendor claims that this is a potent FX analysis tool that gives correct signals for successful trade execution. You can find free and paid plans for the service. With the paid plans you have to choose from the VIP, Premium, and Premium Black packages.
The cost of the packages starts from 45 EUR for the VIP monthly subscription, 69 EUR for the premium subscription, and 99 EUR for the Premium Black plans. Some of the main features in the paid plans are pending order and market execution FX signals, precise entry points, technical analysis, and 24/7 technical support. No refund is present for the packages, which makes us suspect the reliability of the service.
As per the info on the official site, the company comprises a trader team with over 10 years of experience in the financial markets. There is no info on the founding year, the location address, and other vendor details.
Is FX Profit Signals good?
As per the vendor, the service assists in refining your trading. It prepares you to identify and exploit the best deals in FX. The vendor promises a 75% success rate. Our analysis of the features and performance discloses that while the vendor provides info on the signals and pricing, there is no verified proof. Further, the lack of vendor transparency is another factor you need to consider.
Features of FX Profit Signals
As the key features that make the service stand apart, the vendor provides the following info:
- You will receive approaches that are appropriate for all market conditions.
- The vendor guides on critical trading aspects that will help improve your trading.
- Precise entry and exit info are provided.
- Advanced FX trading concepts are shared with users.
- New strategies and analysis of signals are provided by the service.
- Useful FX tools like risk management EA, trend reversal indicator, and trade copier are present.
|Price||45 EUR to 299 EUR|
|Customer Reviews||Bad (1.156 out of 5 ratings based on 5 reviews on FPA)|
What strategy does FX Profit Signals use?
Based on the info present on the site, the vendor provides strategies that are apt for all types of market conditions. There is mention of the trend following, trend reversal, and counter-trend methods. However, there is no explanation present for the methods. The lack of info raises a red flag for the service.
Backtesting vs live trading results
No backtests are present for the service. It is a known fact that backtesting results cannot predict a similar result in the future. But traders look for the backtests as they help to get a better insight into the strategy and its effectiveness. The lack of backtesting results raises doubts regarding the dependability of the service.
The vendor provides a few performance reports on the official site. One of the reports is shown above. From the results, we can see the reports do not reveal much info on the trading stats. The pips gained, profit/loss, currency pair, entry/exit price, and buy/sell orders are the details present. We prefer real trading results verified by sites like myfxbook, FXBlue, and FXStat. The reason is that they reveal important info like the total profit, drawdown, lot size, profitability, and more. The absence of a proven track record makes us suspect the reliability of the product.
The core team
There is no info on the team members, their expertise, and their experience. Other than the mention of the members having a collective experience of more than 10 years, there is no further info present. The absence of company details like the location, phone number, etc. shows a lack of transparency. For support, an FAQ section and an online contact form are present.