Forex Pips Signal (forexpipssignal.com) is a trading service claiming to provide well structured signals that maintain specific take profits and stop losses to ensure clients get the account growth they desire. The team provides a “minimum +800 pips profit guarantee per month,” which is a very large number, and one that is extremely difficult to achieve even for pro traders. In our review today we will certainly be analyzing every single one of this vendors claims in order to come to a conclusion and let you know if this is a viable trading product or not.
The creators of the service claim to be a worldwide group of professional traders with experience in the Forex market for many years. They tell us that they trade for big corporations, banks, Forex brokers, money managers, financial institutions and even other signal services from time to time. This is all well and good, but none of this information is backed up with any real proof, as the vendor doesn’t provide any actual details about who they are or where they are located. Telling us they are professional traders, and showing us they are professional traders are two very different things. We expect the vendor the more transparent than they are.
In order to get in touch with support, traders can fill out a contact on their web site.
Forex Pips Signal Review
The Forex Pips Signal service believes they are better than their competitors because they are constantly monitoring the market in every single trading session. It trades are available, they will send them at any time with the email and messenger at the exact time of the market movements.
The frustrating part of the presentation is how the vendor frequently tells us about their analysts and their excellent monitoring team but fails to introduce us to any of these traders. For all we know, the majority of this information can be completely fabricated in order to come across like one of the best Forex signal providers. Providing actual proof would go a long way in helping us understand the true nature of the signal service.
In 2019, it’s not recommended to blindly trust any Forex trading service.
Despite having many different pages filled with content, the Forex Pips Signal team fails to provide any actual information about their methodology and overall trading strategy. Instead, they want to their “analytical expert team” as the differentiation between their service and other services in this marketplace. The problem with this, is that it’s obvious strategy, and they keep beating the same dead horse, without ever providing any proof.
The more time we spend with this service, the more frustrating it becomes. The vendor needs to provide actual information about their trading strategy in order to be much more transparent and compete with some of their competitors. As it stands, this service is well I’m at times, as you can see in our recent reviews of Forex GDP and Copy Trade Profit FX.
- Type: Forex Signals
- Price: $40-$60/month
- Strategy: Undisclosed
- Signal Frequency: Undisclosed
- Pairs: EURUSD, USDJPY, GBPUSD, USDCHF
For traders interested in purchasing the Forex Pips Signal service, there are a few different packages to choose from. The standard package that costs $40 per month provides traders with all the currency pairs, email trade alerts, entry price, take profit price, updated stop loss, and 24/7 support. This same package can be purchased at $60 per month as well, but with the addition of signals sent via SMS. Paying an additional $20 per month just for SMS capabilities seems a bit ridiculous, but it’s the way they are doing business.
Traders can also purchase a one-week trial for $10, which isn’t really a discount, but can give you further insight into the service.
We have found only three real client reviews for the Forex Pips Signal service so far, and sadly they are all quite negative. The three reviews range from 2014 to 2016, so it doesn’t look like the service is very active in 2019 either.
All of the reviews provide one out of five stars, as you can see here:
The Forex Pips Signal service creator provides a handful of example trades that show how the service presents trading alerts, and a daily performance page, but neither are very convincing of the signal capabilities. The daily performance table hasn’t been updated in over 4 months, and even if it was, we wouldn’t be very impressed. The performance table isn’t verified in any way, and can be completely manipulated by the vendor to show whatever results they desire.
This is simply not how results are meant to be shown in 2019 when there are statement sharing services like Myfxbook available free of charge.
As it stands, we see no reason to recommend the Forex Pips Signal service to any of the readers here at Forex Robot Nation. The vendor lacks transparency in all of the important areas including trading strategy and trading results. We will check back in a few months as we hosted, and see if the vendor has listened to any of our criticisms.
If you have anything you would like to add to the review, please leave your questions and remarks now.
Forex Pips Signal $40-$60 per month
- Client Feedback
- Customer Support
Forex Pips Signal is a signal service promising 800 pips per month, guaranteed.
No strategy insight
No verified results
Bad client feedback