Fx Profit Signals is a service that provides traders with long and short trading signals for Forex pairs. As per vendor claims, this system is 100% profitable and has generated 35638 pips profit for 1 year. However, many vendors these days make false claims about their systems. Hence, we need to thoroughly analyze this signal provider and its various aspects before forming an opinion about its profitability.
On the official website, we have a list of offerings, along with videos that explain the working principle of Fx Profit Signals. The vendor has also shared multiple screenshots of closed trades for the VIP and Free signals. There are multiple tabs on this webpage where we can view the pricing details, the recommended broker, and the affiliate program.
We are extremely disappointed to see the lack of vendor transparency. There is no data on the official website about the parent organization and its service history. We don’t know anything about the team members and the vendor has not shared the official address of the company headquarters.
Features
FX Profit Signals has a team of experts that trade the Forex market using manual strategies. They use multiple technical indicators for generating buy and sell signals. For each trade, there are stop losses and profit targets. We can categorize the signals into two groups, namely market execution and pending orders.
If you choose to sign up with the CedarFX broker, you get a $30 welcome bonus and a 50% deposit bonus. You will also get low spreads, fast withdrawals, and up to 1:888 leverage. Fx Profit Signals follows multiple strategies like counter-trend, trend reversal, and trend following. The vendor has not explained how the system uses these strategies, however. Seasoned traders generally look for some strategy insight before subscribing to a service, so this might deter them from investing in this signal provider.
How to start trading with Fx Profit Signals
You have the option of choosing between Free, Premium, and VIP signals. For short-term traders, the VIP signals are more suitable. Long-term traders can opt for the Premium signals that come with detailed analysis. There are four VIP plans of 1-month, 3-months, 6-months, and 12-months durations that are priced at 45 Euros, 90 Euros, 140 Euros, and 210 Euros, respectively. The same plans for Premium cost 69 Euros, 149 Euros, 249 Euros, and 359 Euros, respectively.
To get the details of the free plans, you must register or log in. One of the disappointing aspects of this service is the absence of a money-back guarantee. The organization provides round-the-clock technical support to all traders.
Backtests
EA vendors test their systems with historical data to check the long-term performance. Looking at these results, an expert trader can determine whether the robot can generate profits in the live market. However, Fx Profit Signals is not an expert advisor. Therefore, we don’t need to analyze the backtesting data.
Unverified trading results of Fx Profit Signals
It is necessary for every seller to share the verified live trading statistics for their respective trading systems. Seasoned merchants generally look for results that are verified by third-party websites like Myfxbook, FXStat, and FXBlue. From these results, you get to see some of the key parameters like profitability, profit factor, drawdown, etc. The vendor has no chance of manipulating the results posted on other websites.
On the official website, we have the trading results presented in tabular format. We can see the pair, the type of order, the entry price, and the profit or loss in terms of pips. But this is not the proper way to share trading results. In the absence of verified statistics, there is no way we can consider Fx Profit Signals a reliable source of Forex signals.
Customer reviews
There are only 4 reviews for this signal provider on Forexpeacearmy. All of them are negative reviews, so it is obvious that most people do not trust this service. One of the users has claimed that the vendor does not reveal the losing trades in the public channel. Others have claimed that the company tricks customers into investing more money.
Is Fx Profit Signals a viable option?
Advantages
- Affordable pricing plans
Disadvantages
- Lack of vendor transparency
- No verified trading results
- No money-back guarantee
Wrapping up
Fx Profit Signals is not a reliable signal provider. First of all, there is no verified proof of this system generating profits in a live trading scenario. The vendor does not offer a money-back guarantee for any of the plans, so you’d be taking a huge risk by investing in it.
