Alpha Pips (alphapipz.com) is a new Forex signals service that wants their clients to think smarter, and trade smarter in order to have more success. They provide traders with 6-10 signals per day, and have multiple subscription options. Today we will be providing a complete review and letting the community understand if this is a viable trading opportunity.
The vendor does not provide an address for their headquarters, and fail to introduce us to any of their analysts. So, while they claim to be expert day traders, there is no evidence to support this. They should provide some information about their traders, so that we know this is legitimate service run by reputable providers. It’s scary to receive signals and place trades on your live account when you don’t know who is sending them.
In order to get in touch with support, traders can email firstname.lastname@example.org. The developers claim that they respond to all email requests “within 30 minutes,” which is incredibly fast. We certainly recommend emailing this developer before purchasing to ask for more transparency about their trading team.
Alpha Pips Review
The Alpha Pips website is well put together, but doesn’t have much detailed information. They tell us that their main focus is on customer service, and that they will share every detail about the brokers they use and the steps required to funding an account.
One of their main goals is to create a community where traders can “enjoy friendly, familiar faces within a like-minded environment.” They provide this in their telegram channel, but they don’t show us what it looks like. It would be nice to see this environment in action, so that we know what this is really all about.
Their sales pitch is that the day consists of 1,440 minutes, and they are only asking for 60 of those minutes to help you succeed. We’ve seen similar pitches, and similar programs, so we are undecided on whether or not they will qualify for best Forex signals status at this time.
There doesn’t appear to be any real strategy insight on the Alpha Pips website. They make mention of “education” where they teach their traders “how to analyze and read charts to placing your first trade,” but don’t show us any examples.
The main issue with the presentation is that they make a fair amount of claims, but never illustrate them. In other markets this is fine, but in Forex, the vendor has to show us more. Too many promises have been broken in this market, so we always want to see examples of each claim.
We don’t feel that asking for this information is asking too much, and we do the same of our other reviews. You can see the same requests being made of other recent reviews like Target Signals, MegaMindFX Signals and Easy FX Signals.
- Type: Signals
- Established: 2011
- Price: $19/month
- Strategy: Undisclosed
- Trading Time: Undisclosed
- Signal Frequency: 6-20 Per day
For traders interested in Alpha Pips, there are four plans available. All of the plans are pretty similar, but longer term contracts promise more daily signals. The 1 month vip subscription costs $19.99 and provides 6-10 daily signals. The 3 month vip subscription costs $74.99 and provides 14-20 daily signals. The 6 month vip subscroption costs $119.99 and provides 20 daily signals. Lastly, the 1 year subscription costs $249.99 and comes with 20 daily signals. Each of the plans comes with performance reports, alerts on economic events, telegram group access, live zoom webinars and more.
While the product purchase page promises access to all of the Alpha Pips performance reports, they don’t provide this information to potential clients. We see this as a big mistake, because traders aren’t willing to purchase a signal service without seeing the results first.
The only results provided on the website are a couple screenshots of excel spreadsheets. This type of data is not acceptable in 2020, because it can be easily fabricated or changed. We only accept trading statements or verified trading results on Myfxbook.
If this vendor wants to compete in the Forex market they will have to provide us with more transparency when it comes to their trading results.
The Alpha Pips service shows some promise, but like many signal services, there are missing elements. They need to introduce us to their analysts, explain their strategy, and provide verified trading results. When all of these aspects are complete we will consider recommending this service to the Forex Robot Nation readers.
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