1000Pip Builder is a popular Forex signal service promising accurate trade alerts that are independently verified by the Myfxbook platform. The service currently offers up to 7 signals per day on 15 different pairs with a monthly pip target of 350. The service is available for clients around the world, as the alerts are provided during all trading sessions. They are very serious about accessibility as many of their members “are only able to follow for part of the day and still receive plenty of Forex trading signals.”
The owner and lead trader (Forex mentor) of the 1000Pip Builder service is Bob James. Bob is a trader with “over 10 years of experience” that wants to bring his expertise in the markets to a wider audience. His strategy is based on trend trading, understanding price movement and high probability trading opportunities. Clients feel that Bob’s main strength is his ability to discern what market changes are happening behind the scenes.
There is no complete address provided for the company, but they are located somewhere in London, United Kingdom. To get in touch with support, traders can email email@example.com.
1000Pip Builder Review
The 1000Pip Builder team provide four reasons to join their service. These reasons are made up of proven performance numbers, 5 star client ratings, full support and expert analysis.
In addition, the service is advertised as a great way for beginners to get their feet wet in the Forex market. This is due to the fact that the signals are easy to follow and receive.
Notifications are sent via email, telegram and SMS, so they can even be traded while on the go. The signal comes with an entry price, stop loss and take profit making it simple, and easy to follow.
They do not provide any samples of their signals which I believe is a misstep, but I’m sure that it’s quite straight forward so I won’t hold that against them.
In terms of methodology, the 1000Pip Builder website doesn’t go into any real intricate detail. The lead trader, Bob James uses “fundamental and technical analysis and uses his sound judgement to identify key trading opportunities.” This is all part of his overall trend based trading strategy, though some specific trade examples with analysis would be helpful.
You can see in my best Forex signals rankings, that trade by trade analysis is incredibly important. Even if a signal is lost, I like to be able to see the work that went into determining the opportunity. This added level of transparency is great because if you understand the thought process of the analyst, it’s easier to stomach potential losses.
They do provide some images of “sample winning trades” but they don’t come with any analysis, and the images are quite small. I can’t zoom in on any of these images so I can’t do my own analysis either.
1000Pip Builder Breakdown
- Type: Forex Signals
- Price: $97/month
- Strategy: Trend
- Timeframe: N/A
- Pairs: AUDUSD, EURJPY, USDJPY, USDCHF
For traders interested in the 1000Pip Builder signal service, there are three plans available. The 1 month plan for $97, 3 month plan for $227 and 12 month plan for $497. At the time of updating this review, they’re providing a “flash sale,” so I’m unsure if the $497 price will stick. I’ll update the review if the prices change.
These prices are really on the high end for a signal service. That doesn’t mean that it isn’t viable, but it’s over double the monthly cost of my #1 rated signal service Learn 2 Trade.
While they claim to provide signals for 15 pairs, the Myfxbook account shows a much smaller number. In their verified results there are 6 pairs in total, and only the USDJPY and EURJPY pairs have more than 15 signals. I have no issue with this, as in most cases this just means that their analyst is utilizing a more focused trade approach.
One of the main selling points of the 1000Pip Builder signal service is the independently verified trading results. This is important, because many signal providers lack transparency.
The image above is the original Myfxbook account for the service from 2016. This account is no longer available, so either their demo expired, or they crashed it.
Their new trading results in this image are from 2019 to January 2020. So, they don’t actually have any active trading results right now, and there is a significant gap in the results from 2016 to 2019.
I do wonder where their current results are, and I would like to see them, so that I can determine whether or not the service is viable in 2021.
When they first started, they had much higher pip targets, of 600 to 1000 per month, which is now down to 350. I have no issue with this, as 350 pips is still a great number, but without active results I can’t really verify if they are hitting their target or not.
The community feedback section leads me to believe that the 1000Pip Builder trading service is still active. There was just recently a comment added just a few days ago claiming that the signals have been very profitable. In fact, the community reviews are overwhelmingly positive, with a 4.4 rating from 92 reviews.
Only a few of the reviews is negative, which claims that the signals are “far away from professional trading.” This reviewer tells us that the signal provider “send signals with white stops and high targets.” So, Bob is frequently attempting to scalp the markets.
It’s also worth noting that many of the best Forex signal provider rankings have the Pip Climber service near the top of their lists. I’m not completely sure if this is because they provide high affiliate commissions or if the service is actually viable. Many of the ranking pages don’t seem to be from real traders like myself, or even Forex trading websites, so I question their sincerity and level of knowledge.
Overall, the client feedback on several platforms is impressive but I prefer to hear from the readers here at Forex Robot Nation. I don’t put much faith in other review platforms, especially those that aren’t putting in the necessary effort and research.
This 1000Pip Builder review was going in the negative direction until I stumbled across some of the positive community feedback. Which makes my review somewhat incomplete and on the fence.
The overwhelming support of the service needs to be taken seriously, and I like the presentation of the website. Yet, there is a big gap in their trading results, and they last updated their Myfxbook account nearly a year ago, so there are no active trading results. Given that verified trading results is one of their main selling points, I think it’s imperative that they resolve this issue quickly.
Thank you for stopping by, and feel free to leave a comment with your experiences now.
1000Pip Builder $97 per month
1000Pip Builder is a Forex signal service by Bob James, with verified trading results.
Myfxbook results Signals sent in all sessions Up to 7 signals per day Telegram, SMS and email signals
Results not updated in 12 months High price point