FX Profit Signals provides multiple algorithms for traders to help them in trading. There are free training videos regarding currency trading on the account section. The company claims to have helped over 30000 traders since 2016.
Investors can purchase one of their multiple subscription packages and receive the signals through email and Telegram. In this FX Profit Signals review, we will analyze the service and provide a verdict on the purchase decision.
Vendor transparency
Mathew Adams is the name of the senior analyst. He is a swing and day trader. The company claims to have more than ten years of market experience. Using their long understanding of finance, they could create easy strategies that anyone can use to trade.
How FX Profit Signals works
The signals have the following features:
- Multiple subscription packages are available
- Free EAs for trade management
- Copy-trading software
- Traders available for multiple instruments
Time frames, currency pairs, deposit
The company uses the H4 time frame to trade on currency pairs. Traders can use the amount of deposit they wish. It is better to text the developer and take note of the risk management before following the trades.
Trading approach
From the images available on the website, we can analyze that they trade using moving averages and MACD divergences. There are multiple take profits for each position with a single stop loss. Divergences involve scanning the market using price action techniques. To identify them traders have to use the charts and the indicators to see the difference between the market structure. For example, for a bullish divergence, the price will be falling while the indicator is still moving around at a high point.
Pricing and refund
The signals are available with multiple subscription options. The VIP subscription plan is present for €45 a month while the FX premium is at €69. The FX Premium Black, which includes trades for gold binary and cryptocurrencies, will cost you €99 for a single month. Traders can also purchase additional months for an extended cost.
A free VIP channel also includes a few trades on selected currency pairs.
Trading results
The company only tracks its records on the website using a manual approach to enter the trades and their results. We can see the latest closed VIP trades and the free signals. The VIP Trades have a 70% win rate with a total pip score of 1600. The free channel was able to give out 260 pips.
The platinum signals were 88% profitable, with a total score of 2155 pips. The free channel gave a total of 225 pips.
People say FX Profit Signals service is…
FX Profit Signals have a total rating of 1.156 for a total of 5 reviews. One trader says that he invested in the service and could not make money at the end of the month. Most of the trades hit the stop loss.
Another trader says that due to technical difficulties he was not able to copy the signals properly. The trades were copied without a stop loss and he had to exit them manually to avoid further losses.
We have analyzed Quora, Myfxbook, and TrustPilot but could not find any reviews for the system. It is not possible to conclude anything about FX Profit Signals on single actual customer feedback.
FX Profit Signals Conclusion
FX Profit Signals service has multiple subscription options that can be used to test or receive the trades you desire. The company provides detailed analysis on each trade that can be used to learn the basic trading steps. Traders can trade on gold or choose FX as their main target.
