Service Review: Forex Profit Signal

Today I’m looking at a Forex trading service that promises 100 pips every 2 days, Forex Profit Signal. This product has been available since 2010 and offers multiple different packages to meet the needs of every type of trader. They claim that they are opposed to get rich quick schemes, “unrealistic sales pitches and shady brokers.” They want to provide traders with a successful method to trade, utilizing their signals based on swing trading logic.

It is unknown who is behind this service, and where the company is located. To get in touch with the support staff, traders can email support@forexprofitsignal.com.

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Forex Profit Signal Review

The front page of the website shows us their different payment methods, some daily performance numbers and some previous signals. Considering the Forex Profit Signal service is aimed at the global trader, I’m not sure what time zone they are basing their signals around, so it’s difficult to analyze the last 8 which are provided.

The signals are actually quite old as well. They are all from 5:00AM to 12:00PM, July 11th and 12th. As I’m doing this review, it is 25 July, so they haven’t updated this section of their website in a couple of weeks. This isn’t a major drawback, but I want my developers to be updating their website and their results and at least every couple of days, that way I know that they are serious about the service they are offering.

At the top of the page, there is a scroll bar which provides updates about recent trades, and informs traders on when their next signal is to be expected. This is a nice touch.

Breakdown

Type: Forex Signals
Price: $50/monthly
Strategy: Swing Trading
Timeframe: Not Required
Pairs: EURUSD, GBPUSD, USDJPY, USDCHF

The price above is for the standard package. Traders can also access the Forex Profit Signal service on a trial basis which costs $9 per week, or on a premium basis which goes for $120 per 3 months. If traders want access to SMS alerts, it is an additional $20 per month.

Results and Community Feedback

At this point in time, there is very little information about this service, and much more about services with a similar name. There are quite a few reviews on Profit-Forex Signals, and Profit FX Signal, but nothing on Forex Profit Signal. With that being said, the developers likely should have named their product something less obvious as to avoid this confusion.

In terms of the results, the vendor provides a daily performance graph and a monthly performance graph. These images show trading results based on the pair and the total profit in pips. They do not show a single losing month, and the average month is between 200 to 400 pips in profit.

While these results are certainly impressive, there is no history of trades, and no way of verifying any of these statistics we are being provided. The vendor could easily be inputting these numbers personally, which means there is really no proof.

Conclusion

It’s very difficult to judge a system like the Forex Profit Signal service because of the type of results they are providing. In 2017, there is really no reason why a vendor like this should be relying on a couple of performance graphs to show the trading results. We should be getting access to full trading statements, and results hosted on independent third-party service like my FX book. With all that being said, I don’t think I’ll be testing this service in the near future.

Thank you for reading this review, and please let me know if you have anything you would like to add.