Price Action Forex is a signal provider that promises over 90% accuracy. The vendor claims to provide consistent results that make you a successful trader. With over 6000 VIP members the company uses its team of expert traders for market analysis and generation of 3-8 daily signals of profitable quality.
There is no info provided on the vendor or the developer team. We could not find vendor details like the founding year, location address, phone number, etc. For customer support, an online contact form is present. The lack of vendor transparency and inadequate support raises doubts regarding the reliability of this company.
Price Action Forex Ltd at a glance
|Price||$40/month to $299 lifetime license|
|Currency Pairs||EURUSD, GBPUSD, EURJPY, GBPJPY, and USDJPY.|
|Strategy||Scalping, Price movement|
Price Action Forex Ltd functionality
As per the vendor, the company uses efficient risk management that helps in keeping the losses to a minimum and the profits at a high level. The vendor claims that despite the volatile nature of Forex, the company notifies the specific setup it is considering, a detailed signal that includes TP and SL and small SLs that occur instantly. To reduce the risk of losing your investment, the vendor claims to use a trailing SL. A risk to reward ratio of 1:2 is used by this service.
As part of the service, the company offers the following:
- 5-8 superior quality signals via the Telegram channel with info related to SL, entry price, TP, etc.
- Both intraday and swing trades are mainly focused on by this company. The expert team of the company spots profitable trading opportunities and delivers precise and hassle-free signals.
- The main aim of the service is to reach a specific amount of pips every week.
- Liver alerts are sent via Telegram and the vendor also offers video tutorials on the working of the signals and how to follow them.
- The service works during the New York and London sessions and takes advantage of the market overlaps to identify the big price movement.
Price Action Forex Ltd trading strategy tests
Other than mentioning that the team uses numerous strategies, the vendor does not explain the approaches used for the signal generation. There are no backtesting reports to know further about the strategy and its efficacy. The lack of explanation of the strategy, and the absence of strategy tester reports raise a red flag for this service.
What about Price Action Forex Ltd real trading results
While the vendor maintains that the company provides maximum profits with very minimal drawdown, there is no transparency. We could not find live trading results verified by reputed sites like myfxbook, FXBlue, etc. The lack of a verified track record raises another red flag for this service
We found user reviews for this company on the Trustpilot site. Here are a few of the recent feedback:
From the feedback, we can see that the company provides the worst service. Users are not happy with the support, the unprofitable signals, annoying ads that interrupt the signals, and more. The disgruntled users complain that the stats shown by the vendor are exaggerated. The user review corroborates our analysis that this is not a trustworthy company.
Many pricing plans are available for this company including a lifetime expert package that costs$299 and covers 3-8 signals, 24/7 monitoring, query, and trading support, free eBook, technical evaluation of signal, and small SLs, low drawdown, and a big risk to reward ratio. Subscription plans are also present. The Novice plan costs $40 per month and the Intermediate plan is for 3 months costing $30 per month. With the Advanced plan, the cost is $25 per month and for the Professional plan, you have to pay $17 per month.
Price Action Forex Ltd Review SummaryPrice Action Forex Ltd
Functionality2/5 BadVery minimal info present to show the functionality of the service.
Trading strategy1/5 AwfullyThe vendor does not reveal the strategy used for the signal generation.
Live results1/5 AwfullyNo verified real trading results are present for this service.
Customer support2/5 BadAn online contact form is the only method present for support.
User reviews2/5 BadRecent reviews for this service on the Trustpilot site are mostly negative.
- More than 90% accuracy
- Wide range of services and products
- Lack of vendor transparency
- Negative reviews