Forex Guru Team is a signal provider offering a service “with the most reliable Forex signals.” They also provide a managed account service, but there are no real instructions on how to sign up for it. Today we will be providing a full review and letting you know if this is a viable investment. We have had a brief conversation with this team on their chat, and will include this as well.
We expect more transparency, and hope after reading this review, they realize they should be more up front. In order to get in touch with support, traders can email via the contact form on the website or call +14022856180.
Forex Guru Team Review
The developers tell us that the Forex Guru company “is an international Forex signal provider company which provides Forex signal alerts and investment services worldwide.” They claim to be located in Nebraska, Omaha, United States, but don’t provide an address. There seems to be an overall lack of transparency with the service in general, which is a bit disconcerting considering they are supposed to provide fund management.
In the chat we had with the Forex Guru Team, we asked multiple times about who the team members are, and if we could get even a single name to verify their reputation. Each time, the question was dodged, often taking 3-4 minutes for a single response. The annoying part is, you can see that they are trying to type something, but then never sending it.
After waiting an extended period of time they gave us some strange answer about scammers using their name and logo, so they had to remove them. Though, they tell us that they will be adding it back to their website soon. It’s really a strange conversation, and not something we expect from a reputable Forex signal provider.
The Forex Guru Team website also fails to provide any information about their trading strategy, so once again we had to go back to the chat. They told us that they are “technical traders, but we do fundamental trades too.” Then, listed off a few trading strategies they use including “3 drives, head and shoulder, cypher pattern, double top, double bottom and so on.”
So, they at least know the buzzwords, but there aren’t any real trade examples or videos showing us their skills, so it’s hard to trust completely. We would like to see the vendor sort this out a bit, and provide more in depth information.
- Type: Forex Signals
- Price: $190
- Strategy: Technical and Fundamental
- Founded: 2019
- Signal Frequency: 4-8/day
For traders interested in signing up with the Forex Guru Team signals service, there are a few options available. The VIP signals membership can be purchased for $45 per month, $70 for two months, $100 for 6 months, $130 for 1 year or $190 for lifetime access. Rarely do we see signal providers offer a lifetime option, but it is definitely good to see. We hate paying monthly fees because they stack up over time, and you can easily end up with hundreds of dollars of subscriptions that you aren’t even using.
There is a VIP Result section of the Forex Guru website, which shows screenshots from their Whatsapp account. While the results are impressive, they have to be taken with a grain of salt because they are not verified by any third party.
We decided to go back into the chat to ask them if they have a Myfxbook account, and they told us that they do. Though, when we asked for access they told us that we have go contact them on Whatsapp for this. When we asked why, they said that they have rules and that they “simply can’t do stuff.” Eventually, I asked what the rules are, and why this Myfxbook isn’t made available to the public and they stopped responding.
It’s great that they have live support, but honestly, it’s fairly useless because you can barely get a straight forward response from their team. As it stands, they do not provide verified results, and they will be rated that way until they give us access. We are no being harsh, as this is the same way we review all signal providers, as you can see in our reviews of AndyW LTD, Pulse FX Signals and FX Profit Signals.
We don’t have a problem, or take issue with the Forex Guru Team, but there are quite a few changes they need to make. Our review covers each area from strategy, to trading results and the general consensus is that transparency is missing. We believe that if they address the concerns we’ve put forward in our review, that they will do much better in the Forex signal market.
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