Signals Review: Risecap FX

Risecap FX is a Forex provider that provide services in cashback rebates, manage accounts and trading signals. It’s extremely rare for companies in this marketplace to offer services in more than one area of expertise, let alone three. The main concern with developers providing too many services, is that it could certainly weaken each offering, as the time is being spread thinly across more than one product. Today, we will be analyzing each one of these services, and letting you know if the developer is properly handling each service they offer.

Founded in 2013, the company is located at 4th Floor, Arcadia Centre, Premises no.31 Dr. Ambedkar Sarani, Kolkata, West Bengal 700046, India. According to their website, they have 21 management members, 5 market analysts, for professional money managers and 7 customer support staff. Considering majority of these products they offer are automated, I find that their staff numbers are most likely inflated. In order to get in touch with support, traders can call +91 85840 04008 or email admin@risecapfx.com.

Risecap FX Review

In order to properly review the Risecap FX services, we have to section out each product offering so that nothing is missed. We will analyze the trading signals, the managed account services and the Forex rebate program that they are providing. First, we will start with the Forex signals, because that seems to be the most discussed product they offer in the community.

Forex Signals

Trading signals are provided via Skype, SMS, email and other instant messages as well. The market analysts look to “realize a limited risk profile with an enhanced return strategy.” This strategy is not discussed, but they do claim that the software protects traders from losing trades. This aspect is also not explained in detail, so for the most part they are just throwing words of the wall and hoping that they will stick.

There is a thought bubble that mentions news, Euro CPI data, and currency strength, so there is likely some strategy here, but it’s really vague.

In terms of results, the vendor claims that they’ve sent over 1400 signals, averaging over 300 pips per month and over 900 happy clients. None of these numbers are substantiated, and there are no verified results or trading statements to prove any of the claims being made.

There are 3 packages available for traders looking to sign up. The free trading signals, the monthly subscription at $65 per month and a yearly subscription at $650 per year. Considering there are no verified results, and no real strategic analysis, the only recommendation I could make about their Forex signal service is to use the free signals.

Managed Account Service

In addition to the signal service, Risecap FX also provides a Forex managed account service. According to the sales page, their managed portfolios “are handled by team of trained experts,” who have more than 7 years of experience in the Forex markets. The team consists of dedicated testers, market analysts and account managers.

They promise that they only work with the reputable Forex brokers, support all types of investments, are open to clients in the US, and provide 24/5 support.

There are currently 4 managed accounts available. The micro managed account which requires a minimum deposit of $1000, the standard managed account which requires a minimum deposit of $10000, the professional managed account which requires a minimum deposit of $50,000, and the institutional managed account which requires a minimum investment of $100,000. Each of these packages comes with different promises of monthly return on investment and performance fees. Oddly, the monthly return on investment seems to get lower as the trader infuses more money into their account which is the exact opposite of every other managed account service in the market. The return on investment numbers are also very difficult to believe, as 34% gains per month are essentially unheard of.

With the aggressive return claims that the Risecap FX group is making, it’s no surprise that there are no verified results for their accounts. There is a performance tab on the website, but the data is totally controlled by the vendor, which makes it difficult to trust, much like our recent reviews of Managed Forex Hub, and Managed Forex Ltd.

Breakdown

• Type: Forex Signals / Managed Accounts
• Price: $60/month or Perfomance Fees
• Strategy: Undisclosed
• Results: Unverified

Risecap FX Rebate Program

Lastly, the Risecap FX group also provides a broker rebate program for 23 different Forex brokers. The rebates are different for each broker, but they don’t seem to offer anything special to us suggest that they would be any better than Cash Back Forex, or PaybackFX.

Client Feedback

On FPA the Risecap FX service is getting a 3/5 star rating from 7 reviews. The last two reviews are titled “thieves” and “scammers” though, which is cause for some concern moving forward.

Conclusion

This Indian based Forex signal, Forex rebate and Forex managed account service provider is definitely a unique company. Risecap FX provides many different services, but it’s really difficult to know if any of the services are worth the investment, because they don’t seem to provide any verified proof that their products are succeeding.

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