SMFX Analytics is a Forex signal service with daily video updates, tutorial videos, one-on-one mentoring and access to educational content. The creator’s mission statement states that they “aim to inspire and educate others through transparent trading methods and market knowledge.” They won’t sell indicators, thousand dollars packages and focus on live trading signals with real results. Today we will be providing a complete review and letting you know if this vendor is providing real results, or if they are like many other Forex vendors and just making promise.
The creators of the service claim to be a team of “professional price action traders.” Though, they do not introduce themselves to the community, so we are forced to take their word for it. When it comes to signal services, we always want to have a much clearer picture about who the trade analysts are, and what type of trading experience they have in the Forex marketplace. The reason for this is because we don’t want to be getting signals sent to us by some teenager in their mother’s basement. Providing more transparency about who they are, where they are located in the type of trading history they have would go a long way in giving us more confidence in the service.
In order to get in touch with support, traders will get access to a discord channel, but there doesn’t appear to be email address available for traders before signing up. This is difficult, because we like to ask sales questions before we make a purchasing decision.
SMFX Analytics Review
The SMFX Analytics website is dark, with some very cool looking graphics which makes the presentation come across quite sharp. The page consists of a mission statement, information about the services, a live trade tracker for results, trade examples and a few free tutorials. All of the information provided is concise and straightforward, but the vendor doesn’t go into depth about any of the services or offerings that they provide.
In order to be confident in a trading product, the Forex community require a girth of information. There are many different vendors that make statements and claims but fail to ever achieve the best Forex signal status, which is why it’s important to provide as much detail as possible.
All we know is that the SMFX Analytics team utilizes price action to provide trading signals. They don’t go into any detail about how they are using price action, and they don’t introduce us to any of the trade analysts that are providing the trades. Without this information is very difficult to truly analyze the signal service.
They do provide a separate trade examples and three free tutorial videos. This information proves that the vendor has trading knowledge, and understands how to trade multiple strategies, but we would still like to see more transparency in this section.
- Type: Forex Signals
- Price: $120/month
- Strategy: Price Action
- Pairs: Forex & Crypto
- Signal Frequency: Undisclosed
For traders interested in the SMFX Analytics signal service, they can sign up with the service for $120 per month, $300 for 3 months or $540 for 6 months. All of these prices are quite exorbitant in comparison with other signal services in this market. In order to acquire the service traders have to send payments manually to firstname.lastname@example.org via PayPal, then join the discord and private message SMFX with proof of payment. If they want to be considered a professional company, they should have a much more professional way of taking payments and providing access to their clients.
There doesn’t appear to be any client feedback for the service just yet, despite the fact that it’s been on the market for nearly a year.
The SMFX Analytics team provide a “Live Trade Tracker” which is really just a Google spreadsheet showing each of their trades. The positive aspect of this spreadsheet is that each trade comes with a trading review link to verify each trade. The negative aspect of this spreadsheet, is that the vendor could easily be cherry picking only the best trades to show us.
In order to be taken seriously in the Forex marketplace, vendors are required to use Myfxbook to verify their trading results. Many signal providers fail to do so as you can see in our recent reviews of Signal Detector 47, FX Leaders and Megalodon Trading.
Without verified trading results, it is difficult to trust any vendor even one that comes across as quite professional like SMFX.
For the most part, we like what we see from the SMFX Analytics team, but we want to see more. We want to know who the trade analysts are, what the specifics of their trading strategy, and see their trading accounts verified on Myfxbook. If the vendor is able to complete all 3 of these steps we will certainly consider recommending them to our clients. However, until that time, we will be unable to provide a recommendation at all.
If you have anything you would like to add to the review, please leave your questions and remarks below the article now.
SMFX Analytics $120/month
- Client Feedback
SMFX Analytics is a signal provider offering alerts for Forex and crypto currency traders.
Forex & crypto signals
Daily video updates
1 on 1 mentoring
No verified results
Little strategy insight