Today I’m reviewing a new signal service promising traders the hottest market opportunities in real time, FX Profit Signals. The developers of the service believe that they can grow traders accounts quickly by providing trades through telegram messenger and email notifications. They provide free signals, VIP signals and platinum signals, so I’ll be going through every single different type of account to let you know what you can expect.
It’s unknown who the creators of this service are, as the about us page provides very little detail outside of a vague explanation that they “are a team of traders with more than 10 years experience in the financial markets.” Considering that this is a signal service, it’s very important that we know who the signal providers are, and what type of trading history they have in the Forex marketplace. In this case, we are not introduced to any of the traders, or given any information about the location of their corporate headquarters. In order to get in touch with support, traders can fill out a contact form on the sales page.
FX Profit Signals Review
The FX Profit Signals group provide traders with the best time for traders to trade, the best ways for traders to trade and which currency pair they should be focused on. Then, after gathering all this information the developers will “identify the best trading opportunity,” and send that trading signal with the exact “entry point, stoploss and possible targets.”
As for the strategy or trading approach of the signal provider, these aspects aren’t covered in any detail. Despite writing multiple articles on trader psychology, fundamental analysis and technical analysis, the creators of this service don’t tell us the specific methodology they are utilizing in determining new trade opportunities. So, this leaves us in a pretty conspicuous position, because we don’t know how the developers are approaching the market, and we don’t know if they have any experience in the Forex marketplace, because we haven’t been introduced to any of their traders.
There is a disconnect, or lack of transparency here that is concerning, which will put a lot of pressure on the trading results to make up for. This lack of transparency is rampant in the Forex signal marketplace, which is apparent in my past reviews of FX Premiere, Complete Forex Signals and FX Leaders.
- Type: Forex Signals
- Price: €45 – €310
- Strategy: Short Term / Long Term Trend Reversal
- Timeframe: All Timeframes
- Pairs: All Pairs
The pricing model for the FX Profit Signals can get quite convoluted as they have free signals, VIP signals and platinum signals. The free signals are pretty self-explanatory, as all you need to do is register to become a member on their website, and then you will get access to their free telegram channel. On the front page of their website you can monitor active free signals, and a list of latest closed free signals to show you how the freeze version of the software has been performing over a short period of time.
The VIP signals are focused exclusively on short-term trade opportunities and go from €45 per month, up to €210 for an entire year. All of these signals are for currencies, provide signals by telegram or email with sound alerts and 24 7 email support. The developers of this plan claim that traders should be expecting 1000 – 2000 pips per month on average from 5-7 daily signals. This is a very lofty goal, and one that makes me skeptical as to the legitimacy of the service itself.
The Platinum FX Profit Signals are exclusively long-term signals, that use a trend reversal strategy and promise a positive gain between 2000 – 3500 pips per month. This plan provides 1 to 2 signals per day, for gold, silver, platinum, Brent, WTI and currencies. Some other additions include a built-in analysis for each signal, take profit and stoploss levels, as well as a preparation time for each signal so traders aren’t rushed.
FX Profit Trading Results
The most important portion of this FX Profit Signals review is definitely the trading results, because there is little information about the trading strategy or the traders providing the signals themselves. My first impression of the trading results isn’t very positive, because they provide us with images, and these images aren’t updated regularly. As we approach the end of June while I’m writing this review, the latest results on the FX Profit Signals web site are from May.
Although my largest concern isn’t the fact that the results are being updated regularly, it’s that the developers aren’t using any proven statement sharing service like Myfxbook or FX Blue to host their results. With the results as they stand, the developers could easily be cherry picking trades and modifying the trading results to suit their needs. Considering the results are being updated so infrequently, it only adds to my skepticism than the readily available opportunity for the developers to modify the trading results.
I’m really unsure whether or not I want to dive in with the FX Profit Signals, or sit on the sidelines and wait for more information. Currently, I’m leaning to the latter, because the developers of this service are not providing us with anything concrete in terms of strategy, trading results or trading history. I’ll consider changing my mind if I hear from some actual clients, so please feel free to leave a message at the bottom of this review with your experiences now.
FX Profit Signals €45 - €310
- Client Feedback
FX Profit Signals is a signal service promising 2000 to 3500 pips per day. This is not a very reasonable promise.
2000-3500 pips per day guarantee
No verified trading results