DepyFX is a new Forex signal service offering 10-15 alerts on a daily basis. The vendors claims that with them traders “can reach high levels of amounts!” We aren’t exactly sure what this means, but we have to assume it is in reference to the potential profits. Today we will be providing a complete review and giving the community a hub where they can leave their feedback.
The creators of the service do not provide us with a location of their head-offices, nor do they introduce us to their analysts. The about us page is a short story about the creator, who claims to have 8 years of trading experience. This story can’t be verified because the vendor doesn’t give us their name, and instead of showing us their identity, there is an image of a sports car. We do believe it’s incredibly important to know who is sending the signals, in order to be confident in the outcome.
Support can be contacted via firstname.lastname@example.org or WhatsApp +1 (424) 777-2131. If you do contact support, please see if you can find out more about their trade analysts and let us know.
The DepyFX website is well put together, with sections on the service, testimonials, pricing, and contact information. The aesthetic is professional, but it lacks detail, which is something we find increasingly vital when picking out services for our readers.
There are four main claims made on the website that we want to analyze further:
- The signals come from experts with over 10 years of experience.
- The service can help traders become experts.
- The signals are 85% accurate.
- The analysts work 24 hours a day in order to find the best Forex signals.
They make multiple references to their trade analysts, but fail to introduce any of them to the public. Essentially, they want us to take their word, and believe that their analysts have over 10 years of experience. Considering how fraught this market is with scams, we are just not in a position to take any vendor’s word. We need proof.
Not only does the DepyFX website fail to provide any information about their trade analysts, but they also don’t go into detail revealing their trade approach. While it’s clear they put time into the design elements of the website, they neglected just about every other important aspect.
They appear to be relying too much on potential clients to trust their word, instead of providing the information most traders seek. Often vendors want to make their services seem easy to use, and simple but this should never come at the expense of actual detail.
- Type: Signals
- Established: 2020
- Price: $29.99/month
- Strategy: Undisclosed
- Trading Time: 24/7
- Signal Frequency: 10-15 Per day
For traders interested in the DepyFX signals service, there are three plans available. All of the plans come with 15 signals per day, 1000+ pips per week, 24/7 support and compatibility with all trading platforms. The difference in the plan is just based on the contract length and pricing. The 1 month plan costs $29.99 per month. The 3 month plan costs $67.99 for 3 months and the 6 month plan costs $119.99 for 6 months.
There are a handful of aggressive claims made on the DepyFX website. They claim that their signals have an 85% win rate and that their clients can expect over 1000 pips in profit every single week. We appreciate the confidence of the vendor, but confidence isn’t enough to win us over in 2020.
If they are going to make claims, they need to back those claims up with verified trading results. It’s easy for anyone to make promises, but without any proof we aren’t willing to let the wool be pulled over our eyes.
At this point, we can’t trust any of the numbers or statistics provided by the vendor because they are not proven. We’ve had this same issue with other signal services we’ve recently reviewed like K2 Trades, Alpha Pips and Target Signals. Yet, just because there are a bunch of providers failing to provide trading results, doesn’t make it acceptable.
While the DepyFX website is impressive looking, there is no real foundation of information. They do not provide any information about their analysts, their trading strategy, and have no proof to backup their performance promises. If they want to be taken seriously and earn a recommendation, they will have to resolve all of these aspects quickly.
If you have anything you would like to add to the review, please leave your comments below the article now.