Review: FXTP Signals

FXTP Signals is a Forex signal service built to take advantage of superior market timing on a single pair, the EURUSD. The service comes with a free auto trade copier for fully automated trading, so all traders have to do is connect their trading platform to the signals. The provider promises that it’s easy to set up and that no experience is required in order to be successful.

In terms of the company, all we really know is that the signal service was first launched in 2017. The vendor provides no information about their location, or their trading history outside of claiming that they have 4 years of experience in testing. It would be beneficial, if they introduced some of their Forex analysts, so we know exactly who was sending the signal. That way, we could do additional research, and find out the Forex trading history of the vendors.

In order to get in touch with support, traders can email support@fxtpsignals.com, during their office hours Monday-Friday 8:00am-8:00pm GMT. The group also have very active Twitter and Facebook accounts, although we do believe that their follower counts are bloated by bots.

FX TP Signals Review

Despite only being around for a couple of years, the FXTP Signals website looks like it was created in the early 2000’s. It’s a very simple design, and one that doesn’t provide us with much information about the services. The only real page with much information is the about page, which we do appreciate, because it is quite well written.

Strategy

The signal provider doesn’t going to detail about the strategy, but they do tell us that they focus on short term scalping. They feel that this approach measure with a single pair, allows them to provide “robust performance through choppy and trending” market conditions all-in-one system.

They claim to have “tested it analyze virtually every type of trading methodology conceivable, from long-term multiyear trend following, to the most rapid HFT.” In doing this research, they decided to settle on short term scalping, to take advantage of market movements and evolving market conditions.

It’s worth noting, that the majority of the trades are very fast, and very small which means you will need a very low spread account in order to be successful. Generally, Forex signal providers focus on long term trades, like Forex Trade Forecast and Blue Mind FX.

Signal Analysis

• Type: Forex Signals
• Price: $197/month
• Strategy: Short Term Scalping
• Signal Frequency: 100+/month
• Pairs: EURUSD

They are two ways to sign up for the FXTP Signals service. You can either pay $197 per month, or sign up and deposit a minimum of $1000 with either HotForex or XM. If you choose to follow the second route, you have to make sure that you open the account through their specific affiliate link, and then email them directly afterwards to tell him that you have registered. This entitles you to lifetime access, and really makes it difficult to fathom paying the $197 per month.

Client Feedback

We were only able to find one client review, which happens to be a one star review on FPA.

Trading Results

The FXTP Signals trading results come across as quite impressive, but they don’t seem to be updated regularly, and that is in line with the main issue, which is that they don’t verify any of their results.

It’s difficult to trust the validity or the viability of the trading results provided, because they are not uploaded to a statement sharing service provider. The statement is simply uploaded to the website, by the developers, which means they have full control over the results. This means that they can add wins and remove losses or cherry pick trades however they see fit.

All of the best Forex signal providers available have a much higher level of transparency, and we believe that this vendor should follow suit.

Conclusion

At this point in time, we aren’t ready to provide a recommendation for the FXTP Signals group. The website is somewhat professional, but without any verified trading results, it’s difficult to want to spend nearly $200 per month or even deposit $1000 my real funds into the trading account. All we ask for, is a little bit more transparency, and then we will reconsider our position.

If you have anything you would like to add to the review, please leave your questions and remarks below the article now.