Profit Forex Signals Review

Profit Forex Signals

Profit Forex Signals service has a good presentation with explanation videos about how great their signals are. The devs provide us with a trading account to check results. There’s a claim that it’s “The Best Forex Signals Ever.” 

Profit Forex Signals at a glance

Price$49, $99, $249, $499
Trading PlatformsMT4
Currency PairsAny
StrategyN/A
TimeframeN/A
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementNo

Profit Forex Signals functionality

Profit Forex Signals claims
Profit Forex Signals claims

We have prepared a list that unites all information about the system, it’s signals, and their quality in general. 

  • It generates signals based on trading around support and resistance levels.
  • The win rate can be up to 90%. 
  • They have over ten years of Forex related experience. 
  • The company has gained over 1000K pips since they started working. It can’t be true.
  • An average monthly gain can be 9000 pips. 
  • This does not sound right because trading results show the opposite. 
  • The signals format includes: Entry Price, Stop Loss, and Take Profit levels.
  • ROI can be over 300%. 
  • It places SL levels at 35 pips or so. 
  • We can receive signals via SMS, email, and trade copiers.
  • The orders are pending ones. 
  • There’s welcome 24/7 support. 
  • It hasn’t lost three orders in a row since the beginning. 
  • The copy trading software will be provided for free. 
Profit Forex Signals statements
Profit Forex Signals statements
  • The performance results are verified by Myfxbook. 
Profit Forex Signals award
Profit Forex Signals award
  • The system received an award twelve years ago. 
Profit Forex Signals pricing details
Profit Forex Signals pricing details

We have various subscription packages on the board: Standard 1000 for $49, Professional 2000 for $99, Ultimate 5000 for $249, and Pearl 9000 for $499 monthly. Pricing is unfriendly and looks sky-high compared with the similar robots from MQL5. The packages include free VPS and copy-trading software. The number of possibly obtained pips isn’t real. 

Profit Forex Signals trading strategy tests

The system wasn’t tested properly. So, the presentation doesn’t include any sign of trading results. We need this intel to be sure that its win rate, drawdowns, profit factor, and other parameters are okay. 

What about Profit Forex Signals live trading results

Profit Forex Signals trading results
Profit Forex Signals trading results

We have a real account deployed several months ago. The developer is IC Markets. The advisor works with 1:500 leverage on MT4. The account has a verified track record. It was created on November 24, 2021, and deposited at $3000. Since then, the total gain as well as monthly gain have become 54.37%. The maximum drawdown was 38.89%. 

Profit Forex Signals statistics
Profit Forex Signals statistics

The advisor has traded 87 orders with 155.9 pips obtained. An average win is 11.62 pips when an average loss is -31.14 pips. The win-rate is 71% for longs and 87% for shorts. An average trade length is 7 hours and 24 minutes. The profit factor is 1.32. 

Profit Forex Signals directions
Profit Forex Signals directions

GBPUSD is the most traded pair with 48 orders closed and $896.40 gained. 

Profit Forex Signals hourly activities
Profit Forex Signals hourly activities

The advisor opens most of the orders during the European trading session. 

Profit Forex Signals daily activities
Profit Forex Signals daily activities

Thursday with 6 orders is the less traded day. 

Profit Forex Signals risks
Profit Forex Signals risks

It works with dangerous risks. There’s a 65.05% chance of losing 10% of the balance. 

Profit Forex Signals closed orders
Profit Forex Signals closed orders

The advisor works with deep SL levels and with a trailing stop loss feature. 

Profit Forex Signals monthly profits
Profit Forex Signals monthly profits

The system trades unpredictably from month to month. 

Other notes

A page of Profit Forex Signals on Trustpilot
A page of Profit Forex Signals on Trustpilot

The company has a page on Trustpilot with a 4.5 rating based on 371 reviews. The site mentioned that there are many fake reviews written. 

Customer testimonial
Customer testimonial
Negative customer review
Negative customer review
Negative user testimonial
Negative user testimonial

There are many negative testimonials written. People claim that the service doesn’t provide them with mentioned pips. 

Profit Forex Signals Review Summary

Profit Forex Signals
2 5 0 1
The system was set several months ago to trade on a real account. It has lost the first month. We don’t know if the robot can provide us with reliable signals. There are only rent options available. The system has many negative testimonials written.
The system was set several months ago to trade on a real account. It has lost the first month. We don’t know if the robot can provide us with reliable signals. There are only rent options available. The system has many negative testimonials written.
2/5
Total Score
  • Functionality
    2/5 Bad
    We know nothing about the system.
  • Trading strategy
    2/5 Bad
    Strategies weren’t properly explained.
  • Live results
    2/5 Bad
    The system runs a real trading account for two months only.
  • Customer support
    2/5 Bad
    We know nothing about the customer support the devs provide.
  • User reviews
    2/5 Bad
    There are many negative testimonials written.

The Good

  • Trading results provided

The Bad

  • No team revealed
  • No risk advice given
  • No settings explanations provided
  • Many negative testimonials
Total
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