Signal services are becoming a popular trading tool for newbies as well as professionals. Newbies in particular are unable to use the technical and fundamental analysis to make the right decision. With signal services, it is easier to find the best trades and make lucrative entries and exits.
V12 is among the recent additions to signal service providers. Touted as the best trading signal service, this system assures more than 3500 pips every month. This V12 Trading review attempts to analyze this system in detail and provide better insight into the signal service.
The V12 Trading signal service provides a maximum of 12 signals in a day and deals in Forex, oil, Indices, Crypto, and Gold trading instruments. Besides the signals, the system provides exit and entry assistance, risk management, and trading strategy as part of its service. However, the official site does not have any explanation of the strategy used by the system.
Under the strategy used, the vendor mentions the use of pip locking, which entails moving the stop loss while the trade progresses. When you reach the first take profit point, the stop loss is moved to break even or entry price. The vendor assured guaranteed wins with this strategy and accuracy of over 80%.
Risk management is one of the features provided by V12 Trading. Besides not divulging info on the strategy, we could not find details about the developer or the team behind the service. Nevertheless, there is a contact phone number and email ID provided for making inquiries and other support assistance.
How to Start Trading With V12 Trading
A free trial is offered by the provider for which you need to be part of the Telegram group hosted by the service. Three different VIP packages are offered, namely one month package costing €49, 3 months package costing €119, and the one-year package that costs €349. When compared to the prevailing price ranges of signal service providers, the cost of V12 Trading packages is very expensive.
On choosing a package of your choice, the service sends an email link to its premium Telegram channels. You need to download the Telegram app for receiving the signals. According to the vendor, the BDSwiss broker is highly recommended due to the best trading features and signal compatibility provided by the broker.
The minimum deposit needed for the system is €250. This MT4 compatible system then sends trading alerts upon which you choose the lot size and proceed to make your trade entry with the appropriate stop loss and other features.
Strategy test reports are not provided by the vendor. Users look for backtests as these provide info about the performance of the system, which will help them make a better decision. Although the past performance shown by such tests do not predict a similar future performance, these tests are useful evaluation tools. By not posting the backtests, the system shows a lack of reliability, which we would like the vendor to rectify in the future.
Trading Results of V12 Trading
We could not find any verified or unverified trading results of this signal service. With the vendor claiming profits of more than 3500 pips in a month and all its members being in the top 5%, there is no proof provided to authenticate the claims. This lack of transparency confirms our suspicions about the system not being reliable.
A whole section of the official website is dedicated to reviews from users. However, since these have a high chance of being manipulated, we would like to see reviews from reliable sites. Third-party sites, such as Forexpeacearmy, Trustpilot, etc, post verified feedback from users, which is what we would like for a better evaluation of the system. Since such reviews are not found, we are unable to assess the performance, support, and other crucial features of the signal service.
Is V12 Trading A Viable Option?
When you buy a signal service subscription, you expect results guaranteed by the vendor. From what we have analyzed, we could not find proof of the system working with 80% accuracy as claimed by the vendor. Here are the main advantages and disadvantages we found in this system:
- 4 to 12 signals per day
- Free trial offer
- No verified trading results
- The strategy is not explained
- No user feedback
- Price is expensive
Wrapping up our V12 Trading review, this system does not provide credible proof of its performance. We could not find info on the developer nor is the strategy used explained clearly. This lack of transparency indicates the system is unreliable.
Further, the absence of backtests and verified trading results confirm our assessment of the unreliability of this system. Considering the downsides outweigh the advantages offered, we would not recommend this system.