InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate
Forex Expert AdvisorsReviews

Profit Forex Signals Review: Is This Forex Signal Profitable or Not?

by manager91 03/28/2022
03/28/2022

Profit Forex Signals claims to be the topmost signals provider in the industry since 2010. As per the vendor’s claims, it has generated more than 1000k pips in profit over the years. Also, they guaranteed to deliver over 9000 pips per month. 

There are four pricing plans for this service, namely Standard, Professional, Ultimate, and Pearl. With the more expensive plans, you get higher average pips and ROI. Also, the costlier plans have higher trading accuracy. The monthly charges for the plans are $49, $99, $249, $499, respectively. None of them are cheap by any standards. Moreover, there is only a 7-day window during which you can apply for a refund.

Discover 10 Best FX EAs That Are Worth Investing

Is Profit Forex Signals good?

The vendor promises reliable service and high ROI on the official website. However, the plans are much too expensive. Also, the live trading account has not been active for too long. As such, we don’t know whether the signals are profitable in different market conditions.

Features of Profit Forex Signals

There is a highly experienced team of analysts behind this signals provider service. With the Pearl package, for example, you get 4 dedicated pro traders. The vendor has shared the live trading results of the signals in the verified trading account on Myfxbook. You don’t need to deal with complex indicators and configurations. The signals tell you all you need to know. 

Usually, the stop loss is 35 pips away from the entry point. The vendor recommends trading with the IC Markets broker for optimum results. This broker offers the lowest spreads, flexible leverage up to 1:500, and is fully regulated.

Profit Forex Signals supports pairs like EUR/USD, USD/JPY, EUR/JPY, USD/CHF, GBP/USD, AUD/USD, USD/CAD, NZD/USD, EUR/AUD, AUD/JPY, GBP/CHF, GBP/JPY, CAD/JPY, AUD/CAD, EUR/GBP, EUR/CHF, NZD/JPY, and CHF/JPY. When trading micro-lots, you can get started with as little as $250. 

Trading Terminals MT4
Strategy N/A
Timeframe N/A
Price $49/month
Money Refund 7 days
Recommended Deposit $250
Recommended Leverage 1:500
Money Management No
Customer Reviews Good (4.5 out of 5 rating based on 393 reviews on Trustpilot)

What strategy does Profit Forex Signals use?

On the official website, the developer has not properly explained the trading strategy. Thus, we don’t know how the signals are generated or what type of markets they are most suitable for. 

Backtesting vs live trading results

Growth chart of Profit Forex Signals on Myfxbook

Here we have a live trading account on Myfxbook that was launched on January 24, 2022. It has spent a very short period of time in the live market. This means, there is no way to determine whether the signal service is profitable in the long run. To date, 109 trades have been conducted through this account, out of which 93% have been closed in profit. The win rate is quite high compared to other systems. 

At this moment, the daily and monthly gains for this account are quite impressive 0.61% and 20.08%, respectively. The profit factor of 4.35 is higher than most, while the time-weighted return is 42.88%. Currently, the total profit for this account stands at $376.27. It has a very high drawdown of 41.65%, which indicates a high risk of ruin.

Trading results of Profit Forex Signals on Myfxbook

From the live trading history, we can see that the system conducts trades with a fixed lot size of 0.05. To date, it has suffered only a few losses, but all of them were substantial. On average, this account holds an order for 21 hours and 3 minutes. The average win and loss are 10.71 pips/$4.84 and -26.79 pips/-$14.05, respectively. There are no backtesting results for this system.

The core team

Nino is the CEO of the company and other key members include main trader Anna, manager Chris Doe, support member Julie, and trader Robert. The headquarters of this company is located in New York, USA. You can get in touch with the team using the official email address or phone number. 

End notes

End notes

Profit Forex Signals promises high monthly profits, but it is not supported by several years' worth of trading statistics. You have only 7 days to test the performance of the signals before you can no longer get a refund.

InvestGrail
  • Yield
    4
  • Reliability
    5
  • Trading Approach
    4
  • Consistency
    4
  • Customer Support
    5
The Goods
  • Verified trading results
  • Multiple supported pairs
  • 24/7 support
The Bads
  • Short trading history
  • Lack of strategy insight
  • Expensive packages
  • High drawdown
4.4 2.2 5
Average Score
Discover 10 Best FX EAs That Are Worth Investing
Share
0
FacebookTwitterPinterest
previous post
Bollinger Bands Cryptocurrency Swing Strategy for Best Trend Identification
next post
FX Scalper X Review: Is This Forex Robot Profitable or Not?

Related Posts

The Best Copy Trading Platforms List: Pros, Cons...

06/28/2022

Dollar-Cost Averaging (DCA) Bot Review: Strengths and Weaknesses...

06/24/2022

Botsfolio EA Review: Strengths and Weaknesses of This...

06/20/2022

Botee.Trade Review: Things to Consider Before Investing

06/20/2022

Botcrypto Review: Strengths and Weaknesses of This Crypto...

06/17/2022

NapBots Review: Things to Consider Before Investing

06/16/2022

Pionex Review: Things to Consider Before Investing

06/14/2022

HaasOnline Review: Strengths and Weaknesses of This Crypto...

06/10/2022

Gunbot Review: Things to Consider Before Investing

06/10/2022

3Commas Review: Things to Consider Before Investing

06/07/2022

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

  −  1  =  3

Recent Posts

  • Best Crypto Grid Trading Bots in 2022
  • The Most Popular Financial Markets
  • Understanding Regulation In Forex
  • The Best Copy Trading Platforms List: Pros, Cons and Comparison
  • Coygo Review: Things to Consider Before Investing

Top Articles

  • The Best Copy Trading Platforms List: Pros, Cons and Comparison

    06/28/2022
  • Best 5 Silver Backed Cryptocurrency to Buy Right Now

    05/09/2022
  • Desktop Crypto Portfolio Tracker: Best 5 for Investing & Active Learning

    04/23/2022
  • Top 5 Best Coins to Mine for Beginners

    10/04/2021
  • Best Forex Robots – Top 10 FX EAs 2022

    10/04/2021

Categories

  • Analysis (17)
    • Fundamental Analysis (9)
    • Technical Analysis (8)
  • Investing 101 (112)
    • Crypto (66)
    • Forex (8)
    • Options (6)
    • Stock Market (32)
  • Reviews (153)
    • Brokers (2)
    • Crypto Robots (6)
    • Forex Expert Advisors (137)
    • Investing Apps (9)
  • Strategies (90)
    • Arbitrage (12)
    • Day Trading (25)
    • Investing (18)
    • Options (13)
    • Swing Trading (19)
  • Top (7)
  • Uncategorized (3)
  • Home
  • Contacts

@2023 - All Right Reserved. Investgrail.com

InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate