Today I’m analyzing a Forex signal service that’s been serving the marketplace since 2016, Arrow Pips. The developers of this software claim to provide traders with signals that are always “on time, accurate and cumulative profit oriented.” They want to ensure that their client base wins consistently, so that there are no down months, or bad weeks that impose large threatening drawdowns.
The company headquarters is located at 2/51, Beaumont street, Campsie, NSW-2194, Australia. They can be contacted via phone at (03) 9015 4414 or via email at email@example.com. Traders can also get more information on this company by visiting their social websites, with Facebook, Twitter, Google plus and Instagram.
Arrow Pips Review
The Arrow Pips group consistently push the message that they provide signals in a timely fashion so traders can always be a step ahead of the market. They believe that providing signals with immediacy, is one of the most important aspects contributing to a client success or failure when trading Forex.
The team claims a signal accuracy rate of 90%, which is extremely aggressive, and is generally only if figure achieved by traders using scalping strategies. I will elaborate on this number more in the trading results section of the review, to let you know if this signal service is truly reaching their expectations or not.
The signals are provided to traders via email or SMS, and the members area account dashboard is updated “with the hottest trades so that you know what is hot and making money.” They also provide risk management controls, which means they provide the stoploss and take profit with 3 different levels, so traders can choose their own level of risk.
The strategy, is not discussed, nor do we know who the specific traders providing these signals are. This lack of information is common in the Forex signal marketplace as we’ve seen in recent reviews of Smart FX Trader, Forex GDP and Forex Signalz.
- Type: Forex Signals
- Price: $99-$267
- Strategy: Undisclosed
- Timeframe: All Timeframes
- Pairs: AUDUSD, USDCHF, CADCHF, EURCHF, EURJPY, CHFJPY
There are currently 3 Arrow Pips plans available to the public. All of the plans include the web a signal platform, user-friendly dashboard, Forex trade signals, alerts via SMS or email, real-time trade updates, trade signal history, prior to customer support and the promise of 800 pips per month. The only difference between the plans is the price and the length of time your subscription lasts for. The trial plan costs one dollar and gives traders access to the signals for 7 days. The standard plan costs $99 per month, and the professional plan cost $267 for 3 months.
If you are interested in this service, I recommend that you fully take advantage of the trial they’ve made available.
The vendor also provides a fund management service, and a Forex training program which offers a one-on-one coaching service that goes for one-off payment of $997. Neither of these services are discussed in much detail, and the traders are required to contact the developer in order to get more information on either.
The trading results, or trading history page as the Arrow Pips team refers to it, provides us with every signal they’ve provided for the past few months. We can see the pair that is traded, the date of the trade, the entry point and then the result in pips. In going back a few months, you can see that the service has been averaging anywhere between 700 to 950 pips per month.
The only issue with these results, is the fact that they can’t be verified. The vendor is not using any 3rd party service to track these results, so they can easily pick and choose what signals they want to report to the public. That doesn’t necessarily mean that they are fabricating the results, or deceiving us, but it does mean that they have the ability to if they want to.
They certainly need to sign up for a Myfxbook account so that their results can be verified.
The Arrow Pips website comes across as very professional, with a corporate headquarters address, a phone number and a well put together aesthetic. Yet, they are missing layer of transparency that we require here at Forex Robot Nation. I would like to see their results verified by a third-party, so that I can trust in the 700 to 900 pips per month they are presenting. When I see this, I will reconsider my recommendation.
If you have anything you would like to add, please leave your comments below the article now.
They are a scam!!! I have proofs, do not pay for their services or fund management!
What are the proofs you speak of? Please let us know Alejandro.
I used their service from 23 November 2018 to 22 December 2018 and I am pretty impressed. They provide trading rules with their signals and they keep you updated via e-mail & sms.
I wasn’t able to receive the signals via sms which made it difficult for me since e-mails are not as instant as smses.
I raised the issue with them and they adviced me to contact my cellphone service provider to resolve the issue.
If they could include WhatsApp broadcasting for their signals service then they would get 5 stars, but for now I give them 4 stars.