Menu

Faraday Research Review: Claims Cannot Be Verified, Is This SCAM?

Faraday Research Review: Claims Cannot Be Verified, Is This SCAM?

Share This!

Some time in the month of July 2017, we did a review of the Faraday Research website. That review did not include all details which we initially intended to communicate.

We used a subtle approach in that review because a number of things that Faraday Research had claimed had not been proved or verified by the company yet..

Actually, this post shares the same title as that review. It’s actually an update inspired by what we have learned about this company since then.

Note

When we do a review, we always follow up with updates where necessary. Otherwise, if the company does not prove their legitimacy over time, we often leave the published reviews as is.

So today we are doing a fresh review with a new perspective of what Faraday Research is or what it has become since then.

NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners.   With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.

endotech_AI_for_auto_crypto_trading

You might be wondering what has changed ever since we published the first post concerning Faraday Research.

We can assure you that a number of things have changed. One of them is that Faraday Research was recognized by a panel of judges who were involving in voting the best trading systems and signals service this year.

That body is called ADVFN International Financial Awards. Surprisingly, Faraday Research is among the companies that were listed as most innovative in creating and offering cutting-edge trading solutions on the internet.

The most important things to take note of in this Faraday Review update

Most signal providers find a way round legal issues that are involved in providing financial services to the general public.

Because these signal services usually have an ulterior motive, they often create excuses by denying the very fact that they offer financial advice. It’s not unusual for these frauds to come up with a disclaimer statement warning that anyone who consumes their products/services, thereby suffering losses should not blame them.

Now, for the first time, Faraday Research is the only signal vendor that we have seen taking responsibility in their own hands. By the way, Faraday Research is registered with the FCA in the UK.

Faraday Research approval by the FCA

So if you thought that the FCA only regulates brokers, you’re wrong. Part of their mandate includes regulating any firm or company that will provide any form of financial service to members of the public. And as far as regulation is concerned, we can see that Faraday Research is already regulated. That’s a very positive step by the way.

Products and features offered by this company

This company mainly trades Forex and equities. If you’re into Forex trading and are looking for a reliable signal provider who is also licensed, then Faraday Research should be in your cards.

Also, they do trade both US and UK equities. Basically, their trading experts use fundamental and technical analysis to figure out how and when to enter trades.

Faraday Research review and products

On the other hand, their Forex products are known as UK FX Daily and US FX Daily respectively. They have expert trade analysts who analyze trading conditions in order to find the best suitable entries during the US and UK trade sessions.

It’s worth mentioning that Faraday Research also trade stocks… a service which they have categorized under equities.

Now, we already know that Tradenet, for example, is currently the best and hottest stock trading opportunity on the internet today, mainly because of the funded account program.

Tradenet is different from Faraday research in the sense that Faraday just delivers signals which you can trade on your own. Secondly, Faraday Research does not educate or fund individuals who want to trade stocks on the internet.

We hope you can see the difference here. Moving forward, we find it intriguing that Faraday Research is going to great lengths just to ensure that they are offering an authentic service to their consumers.

For example, their signals are very easy to follow because they come with exact entry and exit levels. These signals are delivered in real time right in your email or in your phone’s inbox.

On top of that, they work with a group of financial analysts who regularly check the market to pick profitable trade setups.

Faraday Research is not an anonymous company

 

 

 

faradayresearch.com

In the last review of the Faraday Research website, we mentioned that the team behind this website’s operations are professional traders with a LinkedIn profile.

Meet the Team Faraday Research

That remains true today too. Thomas Light Chartered MCSI is currently the head of research. Matthew Weller CFA is a senior market analyst. Jamie Dutta too is a senior market analyst in the UK.

endotech

On the other hand, Trevellyan Ward is an expert in UK equities. Finally, Matthew Simpson is responsible for analyzing the financial markets in Asia.

Clearly these guys have a solid professional profiles, unlike many other signal vendors who offer their products while refusing to reveal their identities or their trading experience.

How it works

By the way, this company works with financial analysts across the globe. These financial analysts have a job of analyzing profitable trade signals before passing them to you in real time.

However, what sets them apart from other signal vendors is that not only do they send you signals, but they also monitor them till those trades are closed. This means that even if you receive a sign and implement it, you will still receive updates along the way on whether to continue with the open position or close it. They do this on a daily basis.

Now, this is what makes Faraday Research a suitable signal service for both novices and everyday traders who can’t find time to babysit the charts.

In addition to this, the company always ensures that signals are delivered with all the relevant information concerning when, how and why a trade signal was sent out to subscribers.

Not only do they send you a take profit and a stop loss level for that particular trade signal, but they also tell you why that signal was picked. This is called trade rationale. A good signal provider must tell you why they made that decision.

Over time, you can develop your own trading strategy using the readily available fundamental and trading indicators.

Pricing

The price for this service ranges from £50.00 to £100.00 per month. Of course the cheapest plan here will get you limited features of the service which they are selling. But this does not mean that you will be disadvantaged in any way.

The ultimate plan which costs £100.00 will grant you a 1 on 1 access to the company’s head of research. Other plans don’t grant this special access though.

In addition to this, you will also get a dedicated account manager to help you along the way — just in case you need help with your trade decisions.

Therefore, it looks like the £100.00 is really worth it because it affords you features that are typically not available in the low-end plans.

Other features that Faraday Research is offering to make a trader’s life easier

In addition to sending out signals to traders, they also offer daily market commentary and analysis in their blogging section. We find this feature very useful because it is an added value for money. If you want to keep tabs on what is happening in the various markets out there, this is your go-to place when seeking market commentary from real experts.

Our best advice for you

After taking our time to study this company (of course with additional information which Faraday Research volunteered to provide), we have come to the conclusion that their services are worthwhile. They’ve proved that they are legitimate and serious with this business. In fact, they’ve been able to prove things that we never thought they would tackle.

 

 

If You'd Like to Get Notified When This Blog is Updated, Subscribe Below...

Summary
Review Date
Product Name
Faraday Research
Author Rating
41star1star1star1stargray

3 Replies to “Faraday Research Review: Claims Cannot Be Verified, Is This SCAM?”

  1. Im with them for few months and its fine. I cant comment on how profitable their signals are after such short time, but mine experience with their customer support was good and signals are reasonable and explained.

  2. I’m trialing faraday, I trade in my own time and work a regular job as well, but cla** myself with professional technical a***ysis skills for trading.. To date I have had 4 signals off them, they trade fundamentals with some technical a***ysis, however to date I entered 2 trades both were successful, and sat on the other 2 due to the technical picture at the time of entry, one is current as I’m writing and I’m keeping an eye on it as it went south but that’s not to say the call won’t be substantiated at a lower level, but currently not looking that way which is why I didn’t enter.. So bottom line is that any signal should be a**essed by the trader trading it. I doubt any trader is 100% successful but if you are looking for a service that pays for itself and gives you some profit by sending you possible setups you may not be aware of, they don’t seem too bad so far. According to the above write up they seem legitimate. They also have a cheaper offer if you pay annually.. Bottom line if you want proof of profitability likely you don’t understand trading yet. Each call has to be taken and a**essed by the trader according to their risk profile and emotional setup. The final call and profitability of any system is ultimately your own.

Leave a Reply

Your email address will not be published. Required fields are marked *

endotech_AI_for_auto_crypto_trading




Binary Option Scams, Warnings, Reviews & Updates...

Endotech_autotrading

Popular Articles

Follow Us

Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons