Forex GDP Review

Forex GDP

Forex GDP has received a renewed presentation that includes some extra explanations in addition to existing ones and price decreasing for 12 and 6 months packages. The site provides us with features, information, advice, etc. to help us to make a wise decision. 

Forex GDP at a glance

We have written a short summary in the table below. 

PriceFrom $20 to $147 monthly
Trading PlatformsAny
Currency PairsForex, Gold, Commodities
StrategyPrice Action, Trend
TimeframeAny
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementNo

Forex GDP functionality

Let’s talk about how the service is going to help us with profitable trading on our account.

  • The signals can be received for Forex cross pairs, Gold, and commodities.
  • An expected accuracy can be up to 80-95%.
  • We are able to work with 1:5 or even 1:10 ROI.
  • We have technical and fundamental analysis behind the received signals.
  • The signals will provide us with the data about Symbol, Reason, Time, Direction, Entry Price, Stop Loss, and Take Profit levels.
  • The devs generate some free signals and publish them into their free channel.
  • We can ask for money-management advice if we need one.
  • The profits can be as high as 150 pips for a single trade.
  • We are informed that we should change a broker if conditions of ours aren’t good.
  • We have some types of signals:
    • Jackpot signals with ROI 1:5-1:10 and SL 20 pips and TP of 100-2000 pips.
    • Trend reversal signals when the market stops pushing a trend.
    • Big trade signals that are generated when the market experiences a strong trend.
    • There are signals for the following commodities available: Gold, Silver, Crude Oil, and Coffee.
    • And signals that are based on high-impact news.

The developers simplified pricing a bit, so everyone can understand what they have from each package. There are three packages Trial, Premium, and Supreme available. The free pack has no payment restrictions. There are 2-4 signals (90-150 pips). The Premium pack includes a 12-month subscription for $20 monthly, 6-month subscription for $29 monthly, 3-month for $66 monthly, and the monthly one for $74. We will receive 8-14 signals monthly. An average monthly profit can be 300-700 pips. The Supreme package includes 12 months rent for $37 monthly, 6 months for $57 monthly, 3 months for $99 monthly, and monthly subscription for $147. We will get all types of signals and they amount to 16-25 signals monthly. It can obtain 700-1500 pips monthly. 

Forex GDP trading strategy tests

We don’t have any backtest report published on the site. It’s a con because we don’t know if the system was tested properly to generate profitable signals. Also, there should be a final report that would show us real win rate, profitability, recovery factor, drawdowns, etc.

What about Forex GDP live trading results

Forex GDP’s Telegram channel
Forex GDP’s Telegram channel
  • The free signal Telegram channel includes 16,441 subscribers.
Trading ideas of Forex GDP
Trading ideas of Forex GDP
Forex GDP posts in Telegram
Forex GDP posts in Telegram

This is everything we have about actual trading results – only screenshots of charts and some chartings on them. We don’t know what brokers can be the best for those signals. Also, it’s unclear about win rates, accuracy, and drawdowns. The devs could deploy and account to show their success.

Other notes

Forex GDP’s page on Trustpilot
Forex GDP’s page on Trustpilot

There’s a profile of Forex GDP existing on Trustpilot. We have 197 reviews that formed a 3.8 rate.

Customer reviews
Customer reviews
User review
User review

We have various negative reviews where people claimed that the signals weren’t profitable for them.

Forex GDP Review Summary

Forex GDP
2 5 0 1
Forex GDP is a service that provides signals for trading them on Forex, Gold, and commodities. The presentation includes explanations but lacks backtest reports and actual trading results. Through their channel, the devs share some trading ideas for everyone.
Forex GDP is a service that provides signals for trading them on Forex, Gold, and commodities. The presentation includes explanations but lacks backtest reports and actual trading results. Through their channel, the devs share some trading ideas for everyone.
2/5
Total Score
  • Functionality
    1/5 Awfully
    There’s no functionality available.
  • Trading strategy
    4/5 Good
    The robot works with a trend and price action strategies mostly.
  • Live results
    1/5 Awfully
    We have no actual trading results.
  • Customer support
    3/5 Neutral
    The support provides an average level of support.
  • User reviews
    3/5 Neutral
    We have positive and negative user reviews.

The Good

  • Free signals provided
  • Some trading ideas revealed

The Bad

  • No team revealed
  • No risk or money-management advice given
  • No trading results or backtest reports revealed
  • Many negative testimonials published
Total
0
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