CastlesFX is a signals application for both the Forex sent stock market. For the purpose of this review, our focus will be on the Forex signals, and their app which is compatible with both iOS and Android. The goal of the development team is to provide precise, easy to read signals to help guide traders, and grow their accounts in the process.
The app is owned and operated by CastlesFX Inc. located at 1 Yonge Street, Suite 1801 Toronto, ON M5E 1W7 Canada. To get in touch with support, traders can email firstname.lastname@example.org.
This Canadian-based group, claims to have been actively trading the markets for over 10 years, consistently achieving success for their clients globally under the CastlesFX brand.
They promise to “follow strict ethical guidelines to best serve our clients and their interests by aligning ourselves with our clients’ interests.” This means that they don’t affiliate with any brokerages, and avoid any type of conflict of interest, to ensure that they are putting their clients first. They feel that remaining a neutral partner in the trading process is the best way to serve the community, and feel that other signal providers should follow suit.
Application (iOS & Android)
The CastlesFX Application can be downloaded for free, but then there are in app purchases, which consists of a monthly fee.
The app includes a commission free trading platform, instant alerts and an FX calculator. The FX calculator is essentially a lot size calculator to help traders with money management, so they don’t overleveraged their trading accounts. Their instant alerts, or Forex trading signals are provided live to your smart phone “with Entry Points, Stop-Loss and Take Profit.” This type of signal dissemination is common, but most of our recent reviews like Easy Forex Pips, FX Renew and Ultimate Forex signals don’t utilize apps.
The vendor doesn’t provide any real information about their Forex trading strategy. They give us a little analysis about their approach, which is that they believe in being patient, and recognizing that understanding when not to trade is just as important as when there are trade opportunities. This is in line with their quality over quantity methodology as well, which insists that they prefer an infrequent signal approach.
Generally, we like to see much more information about the actual trading strategy, whether it be price action, or some sort of technical analysis.
- Type: Forex Signals
- Price: $39/month
- Strategy: Undisclosed
- Signal Frequency: Undisclosed
- Pairs: Undisclosed
The vague approach by the CastlesFX vendor is quite apparent in this breakdown. As you can see, they don’t provide us any information about their strategy, their signal frequency or disclose the pairs that they provide signals for.
In terms of price, traders can access the signals for $39 per month. The stock trading package goes for $69 per month and both packages combined goes for $89 per month.
Despite having a very clean and professional website, the CastlesFX team are missing the most important aspect of any Forex signal service, the trading results. There isn’t a single trade, or trading statement on the entire website.
It is not difficult to provide results in 2019, as all it takes is a 5 minute membership on either Myfxbook or FX Blue. This is certainly detrimental, and something that the vendor needs to resolve quickly if they want to be taken seriously in the Forex marketplace.
The CastlesFX website is aesthetically pleasing, and comes across as a service with a lot of potential. However, that potential is not yet realized as the vendor fails to provide any information about their strategy, their trading analysts, the trading results, their signal frequency or the pairs that they provide trades for. This website is halfway, and so there is no way that I am able to provide a recommendation at this point in time.
If you have anything you would like to add to the review, please leave your contributions below the article now. Thank you for stopping by, and feel free to contact me if you ever need any help in the Forex marketplace.