FX Profit Pips provides trading signals with exact take profit and stop loss on each trade. The developers claim to deliver 90% accuracy on their trades which is quite suspicious as it is hard to get such profitability. The signals are available through their Telegram group, and traders can also opt to receive them through their email id. We will review their service in our article and see if the developers are true about their statement.
The company is not willing to provide us with information on their experience and whereabouts. Lack of transparency on the subject leads us to believe that the providers are not experts in the financial markets and are only scamming customers.
How FX Profit Pips works
The signals have the following features:
- The support is available 24/7.
- The accuracy of the signals is 90%.
- A total of 56 experts work with them in 11 major countries.
- Each trade comes with an exact stop loss and a take profit.
- There are multiple options available for subscription.
Time frames, currency pairs, deposit
The company claims to provide its trades on 12 currency pairs and four commodities. Each position comes with a fixed stop loss and take profit. From the manual records and history, we can see that they are trading with a negative risk-reward ratio of 3:1. This gives us poor profitability and requires a high win rate with each trade. We can not find the information on the time frame and the minimum deposit traders should use.
There is no meaningful information available on the strategy the traders are using. As mentioned before, they are trading on multiple currencies and indices. Each position has a fixed stop loss and a take profit. There are no live records that we can use to analyze the trading history of the service.
Pricing and refund
The signals are available with strange subscription options. The providers say that to get 20 profitable pips with trades on two major pairs, traders will have to pay $10. There is a pro signal model for $50 that gives 20 pips instantly.
The developers also provide account management services with no fee and 30% profit sharing. The performance fee reduces when the deposit increases.
The developers provide no backtesting records for the service. It is possible to execute your trades on a simulator and provide us with statistics. Failure to give us the necessary information means that the signals are not profitable.
The company only tracks its records on the website, and there are no live results present on verified websites such as Myfxbook. We have even more concerns about the profitability after receiving no information on the topic.
People say FX Profit Pips is…
FX Profit Pips does not have any reviews on notable platforms such as Forex Peace Army and Trustpilot. This shows that no one has tried their service as of now. The traders show a lack of faith in the product. They might be afraid that the company is lying about its accuracy.
|Multiple subscription options||No transparency on the developer|
|No backtesting results|
|No information on the strategy|
FX Profit Pips Conclusion
FX Profit Pips are not suitable for providing signals as they have no live records or information on the strategy. This leads us to believe that the service is only looking to scam traders about their product. We cannot trust such a service and would recommend traders avoid them. Many signal providers scam customers by claiming to provide thousands of pips but fail to show any convincing evidence.