FxProfitSignals provides free and paid signal services for newbies and professional traders. The company provides guidance to learn trading and profit with the alerts provided. Professional FX traders help you accomplish your trading objectives with their experience and guidance. The company provides strategies for all market conditions and guides you on the critical aspects of successful trading.
The developer team of the company has over 10 years of experience in analyzing and executing a successful trading approach. There are no details regarding the team members, the established year, location address, etc.
FxProfitSignals at a glance
|Price||45 EUR – 132 EUR (VIP), 69 EUR – 216 EUR (Platinum), 99 EUR – 228 EUR (Premium Black)|
|Trading Platforms||MT4, MT5|
|Recommended Deposit||$1000 for the mini account; 10,000 for the standard account|
As per the vendor, the company has been helping traders to succeed in FX since 2016. Some key features that the vendor discloses about the service that gives it an edge over the competitors are:
- The company has more than 14 years of experience.
- It has completed 1423 trades per year with 100% profitable results.
- A profit of 35638 pips per year has been achieved by the company.
- Real-time alerts are sent via Telegram app or email.
- An EA for risk management, an indicator for trend reversal alerts, and copy trading are the FX tools offered.
- The alerts provide precise entry and exit points.
- Innovative FX trade concepts, new approaches, and signal evaluation are provided.
FxProfitSignals trading strategy tests
The vendor does not reveal the strategy used for generating the signal alerts. Instead, there is mention of the professional traders’ team exploring the trading situation and using the results and a combination of technical and fundamental evaluation to arrive at the strategies. The vendor mentions that the concepts and alerts are speculative and carry some amount of risk. There are no backtesting results present.
What about FxProfitSignals real trading results
The vendor fails to provide real trading results verified by reputed third-party sites like myfxbook, FXBlue, FXStat, etc. Statistics displayed on such sites reveal important info about the company like the profits it generates, the drawdown, lot size, risk to reward ratio, and more. Without verified results, we are unable to know about the effectiveness of the service. The vendor provides a few images of the results for the various packages. However, these do not have the details that provide a deeper insight into the system. The lack of verified proof raises a red flag for this company.
We found 5 reviews for the service on the Forex Peace Army site. From the feedback, we can see that the service is not as effective as it claims. The users complain of losing money with the signals.
For support a live chat window and an online contact form are present. An FAQ section and links to the social media pages of the company are also present.
Free, VIP, FX Premium, and FX Premium Black are the packages offered by the company. Many subscription plans are present for the individual packages. For the VIP, you get the following plans:
- One-month subscription: 45 EUR
- 3-months subscription: 75 EUR
- 6 months subscription: 96 EUR
- 12 months subscription: 132 EUR
For the Premium plan, the subscription cost ranges from 69 EUR for a one-month subscription to 216 EUR for 12 months. Under the FX Premium Black plan, the subscription plans range from 99 EUR for the one-month plan to 228 EUR for the 12 months plan.
Features provided include 5 – 7 daily signals, currencies, pending orders, long- and short-term signals, and more. No refund is present which makes us doubt the reliability of the service. Further, when compared to other providers, we find the cost is exorbitant.
FxProfitSignals Review SummaryFxProfitSignals
Functionality2/5 BadVery minimal info present on the features and functionality of the service.
Trading Strategy2/5 BadThe vendor does not reveal info on the trading approach used.
Live Results2/5 BadNo verified trading results are present which makes it difficult to analyze the efficacy.
Customer Support3/5 NeutralAn FAQ section, live chat, and online contact form are present for support.
User Reviews2/5 BadNegative reviews with a rating of 1.156/5 on the Forex Peace Army site.
- Varied FX trading tools
- Free plan
- The strategy is not divulged
- No verified trading results
- Paid plans are expensive