Breaking News

FXTrends Review (Forex Signal Provider)

FXTrends is a new Forex signal provider promising 90% winning signals and 1500 pips per month. These are really aggressive claims, so hopefully they have some sort of verified proof to back them up. Today we will be providing a full review and letting you know if this is a viable service or not.

The vendor does not provide any information about who they are or where they are located. In order to find out this information we started a chat on their website. They claim that they have “3 traders with over 10 years of trading experience.” Yet, when we ask who they are, they told us that they are “not allowed to send private information.” We aren’t exactly sure what this means, but it really sounds like they just don’t want us to check up on the reputation of their traders. The chat is quite slow, and the answers aren’t meeting our expectations. We also asked them about their location, and they told us that they are located in Lincoln, Nebraska, USA, but fail to provide an actual address. Once we asked further questions about their location and the identities of their traders, they stopped responding.

Our first impression based on the conversation we had with the vendor isn’t all that great. In order to get in touch with support to see for yourself, you can use the live chat function on the website or fill out their contact form.

FXTrends Review

The FXTrends website is made up of features, a live chat, testimonials, frequently asked questions and an active 50% off sale that has the service going for $19.99/month. The main features they highlight are their swing trading strategy and ability to provide signals on 18 pairs via the telegram application.

There are also a handful of statistics that we highlighted in our introduction. This is that the service provides 4-7 signals per day, 1500 pips per month with 90% winning signals. These are all numbers that we expect from a best Forex signal service, but they are also very difficult to achieve. Based on what we are seeing on the website, it doesn’t look like the vendor is able to prove any of these numbers though, which is not a good sign.

Trading Strategy

The FXTrends trade approach is built on producing “strong and consistent results with minimal drawdown.” They claim to use multiple trading strategies, with each approach tailored to shifting market conditions. Their most prevalent of those strategies is their Swing Trading method, which uses “sound technical principles that provide a consistent edge in the market.” They feel the best way to trade the markets is by making decisions based on favorable risk reward ratios and utilizing strict money management principles when possible.

We would like to see a trade example of their strategy, but it’s a better explanation than most providers, as you can see in our recent reviews of WeTalkTrade, Forex Profita, and Zeno Forex Trading.

Signal Analysis

  • Type: Signals
  • Established: 2020
  • Price: $19.99/month
  • Strategy: Swing Trading
  • Trading Time: Undisclosed
  • Signal Frequency: 4-7/day

With the current 50% discount offer, the FXTrends signal service is going for $19.99 per month. This is a reasonable price as most signal services cost anywhere from $10-$30 more per month.

Client Feedback

There is no client feedback available at this time, but you can leave your comments and thoughts below our article with your experiences.

Trading Results

There is a results page on the FXTrends website that shows the last 15 trades, and some screenshots from their telegram. None of these results provided are verified by any third party like Myfxbook or FX Blue. So, we really can’t trust these results, and even if we did, they are not providing a true sample size anyways.

At the very least, they should be able to prove that they can make 1500 pips per month considering that’s a promise on the website. Hopefully, after reading our review they upload their trading accounts to Myfxbook and we get the clarity we are after.

Conclusion

At this point in time, we can’t recommend the FXTrends signals to the Forex Robot Nation readers. While there are positive aspects to the service, including a very low price, there are other elements we can’t gloss over. They don’t have any verified results, and are unable to prove that the service is as profitable as they claim it is. Until this is resolved, we will not be able to give our blessing.

If you have anything else you would like to add to the review, please comment now.

FXTrends

$19.99/month
5.3

Price

7.1/10

Strategy

4.1/10

Results

2.2/10

Feedback

5.5/10

Support

7.4/10

Pros

  • Signals on 18 pairs
  • Telegram signals
  • Swing trade strategy

Cons

  • No verified results
  • Limited strategy insight
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x

Download Your Free Robot

Get your Robot Now!






Free Robot!