Signals Review: Piptionary Club

Today I’m reviewing a new Forex signal provider promising to beat every other Forex investment opportunity in this market, Piptionary Club. This trading group wants to provide the community with high investment returns while keeping the risk minimal. They guarantee real-time Forex signals from professional traders, with independently verified results and unbeatable performance. I’ll make sure to go through every single one of these elements, and let you know if this vendor is meeting the expectations that they have set.

The signal provider head offices are located at 6900 Tavistock Lakes Blvd #400, Orlando, FL 32827, USA. In order to get in touch with support, traders can call +1 321-414-5237 or email via the contact form on the website. There is no direct email provided.

Piptionary Club Review

The Piptionary Club service motto, is “consistent profits with real-time Forex signals from professional traders.” Considering this is their motto, it’s somewhat peculiar that the vendor doesn’t introduce us to any of these professional traders. The website contains no information about the creators of the service, or what type of trading history they have in the Forex markets. They should certainly be introducing us to their trade analysts, because that’s the foundation of the product they are promoting.

In terms of strategy, the analysts use both fundamental and technical analysis to identify trade opportunities. Then, each trade is managed by a proprietary trade management system which is available only to club members.

The signals are delivered via SMS or email between Sunday 5 PM EST and Friday 5 PM EST. The vendor claims that it is of the utmost importance that traders enter the positions as soon as possible in order to maximize profits.

The trades are compatible with all brokers, any trading platform and can be utilized properly in under 10 minutes per day. Compatibility is an mainstay in the Forex signal marketplace, as you can see in our recent reviews of Dux Forex, FX Hubs and Forex Lens.

Breakdown

• Type: Forex signals
• Price: $49.99/month
• Strategy: Fundamental and technical analysis
• Signal Frequency: 1-2 per day
• Trading Results: Myfxbook
• Pairs: AUDUSD, CADCHF, CHFJPY, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, USDCHF

For interested parties, the Piptionary Club is currently offering a 14 day trial. After this trial, traders get access to the signals by paying $49.99 per month. When free trials are available, it’s always a good idea to make use of them to ensure that you really have interest in the system.

The signals, infrequently, which makes it easy to keep track of and follow for a couple of weeks.

In terms of strategy, they tell us they use fundamental and technical analysis, but don’t get into any of the details. Generally, I prefer much more in-depth insight into the strategy, but maybe this is something you can ask about during the free trial if you are using it.

Myfxbook Results

A rare benefit of the Piptionary Club Forex signal service, is the fact that they actually provide a verified Myfxbook account. While you’d think it would be common practice in this market, there are actually very few signal providers giving us this basic transparancy.

The account provided is showing 89% gain, with a drawdown of just over 31%. The profit has been pretty steady, with only one day showing a significant loss where the software went from a 133% gain, down to a 63% gain, accounting for a loss of 70%. Since this loss, the signals have returned to their steady gains, to where they are now at 89%. It’s worth noting, that the vendor is trading a lower risk profile now than they were before this loss, as the monthly gains have reduced dramatically.

The only thing missing here, is the account history. I’m not sure why they are keeping the history private, and this is a little concerning, because it’s not common practice for vendors to keep this information hidden unless there is something untoward occurring.

Conclusion

Usually, I include a client feedback section, but there isn’t any feedback from the community available at this point in time as this is a very new service. That being said, I would like to see what some actual clients have to say before I dive in personally. It’s good that they have the 14 day free trial as well, which I may test in the near future.

If you are a member of the Piptionary Club, or you just want to leave a comment, feel free to do so now.