FX Leaders have various financial tools over their website that aim to help traders with their trading. Their primary seller is the signal service which is provided by a handful of traders on different financial instruments.
Skerdian Meta is the leading analyst who worked at Saxo Bank before, according to the website. The trading profile at LinkedIn does not show satisfactory information on the qualifications of all the traders. The records show the financial degrees but do not depict the individual results of traders.
How FX Leaders Works
FX Leaders comes with the following features for traders:
- Ability to set up trade alerts through email or directly to your phone
- Trades are available over a wide variety of financial instruments
- Short and long term trades
Time Frames, Currency Pairs, Deposit
The developers do not indicate the minimum recommended balance required to follow their trades. Trading is done on currency pairs, cryptos, Indices, and Metals. There is no statement on what time frames are used to do the analysis. On their signals feed, they post research on possible setups on various time frames such as hourly, daily, 4 hours, etc.
The company sends out each trade with a stop loss and a take profit. FX Leaders use both technical and fundamental analysis to determine the future of the price. They use price action considering significant support resistance, trend, supply, and demand zones alongside important economic releases to funnel their trades. Long-term signals are held for days and weeks while short term is closed within 24 hours. The website does not state much about their trading strategy, which is a poor omen and raises concerns over the profitability of the system.
Pricing and Refund
As with any other underperforming signal service, FX Leaders openly promote their affiliate broker who is just a way for them to earn free money. You can also pay for the yearly plan for $9.8 a month. If you choose to follow them for a single month, then the cost is $39. There is no money-back guarantee. Considering the fact that there are no live records for the system on noted websites, the price is exceptionally high.
As this is a signal service, there are no backtests available. The company also fails to provide any live proof of their trading results on Myfxbook or other tracking websites. They have their own tracker, which is only present for those who subscribe to the premium service. Using that is also extremely difficult, where you have to search each trade and verify it using other charting platforms to see if the company is lying. It looks like FX Leaders are trying to mask their poor performance, which raises even more concerns over their authenticity.
People say that FX Leaders is…
A scam service. Customers on review forums complain that the providers robbed them of their money by charging more on their cards. They also say that the trades hit stop losses more often and have a bad risk-reward ratio. On TrustPilot, a total of 29 reviews give it a rating of 3.1, while on FPA, the situation is even worse with 2.766 scores from 24 reviews.
|The service is pretty old, which gives it a minimal credibility||No money back guarantee|
|There are no tracking records available|
|No information about the whereabouts of developers|
FX Leaders Review
FX Leaders do not satisfy the current requirements that would put it under services that are credible. There are no live records and transparency to ensure that you would not lose your hard-earned money.