VfxAlert at Vfxalert.com is yet another binary options signal provider with no trading success at all. We have consulted with them and only received a negative response on the same. We therefore decided to expose them in this VfxAlert review for taking traders for granted by selling them a fraudulent service.
Although this vendor seems to be offering a number of attractive features on their site (which are supposed to be delivered with their signals), we believe that these features are just good for nothing if their signals are not profitable in the long run.
The features we are talking about here include Heatmaps, extended stats, and signal power.
Heatmaps are basically a visual statistical representation of how a particular signal is bound to perform in a specific market condition.
Extended statistics is supposed to allow users determine the conditions of maximum profitability signals. And of course the signal power feature is supposed to calculate the statistical probability of a particular signal’s profitability. This is calculated based on history of the market. The signal power feature is basically a function of technical indicators.
So far, this information sounds great because it promises convenient trading to investors who want to make quick money without having to go through the tedious learning curve that is involved in binary options trading.
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However, we are warning that lack of due diligence is likely to cost such a trader because this vendor cannot prove the efficacy of the signals which they provide.
On the surface, VfxAlert looks very affordable because you only need to make the decision of either choosing the free signal service or the $30-based subscription.
The paid subscription is supposed to be renewed on a yearly basis while the free subscription is supposed to run for a lifetime.
Of course the free subscription will limit you from taking full advantage of the so-called features. For example, you won’t have access to extended statistics, signals filters, etc. On top of that, you will be restricted to trading with their brokers because they have a revenue-sharing agreement with those brokers.
The premium subscription model lets you trade with any broker of your choice. The pricing sounds very affordable only if you fail to look at it in the bigger picture.
You see, this particular signal vendor does not have a trading success record. This means that if you trade with their signals, you will eventually lose your account balance in addition to $30 which you paid for this subscription. On the other hand, those who opt for the free model of this service will still lose ultimately.
VfxAlert does not care whether you profit or lose because their commissions are still intact as long as they make you trade with their ”recommended brokers”.
VfxAlert does not tell us who owns this service. There is no company information such as address, contact or anything else that would build a consumer’s confidence towards this site.
We don’t understand how VfxAlert plans to attract clients if they continue operating this way.
The bottom line is that it can be very dangerous trusting such a signal provider. It shows that they are not established, and the reason why that is the case is because their signals don’t perform.
Now, we want to give you proof that these signals don’t perform. Are you ready? Here we go:
That disclaimer statement says that VfxAlert is only offering this service for educational purposes and that they are not asking anyone to take action thereafter.
On top of this, they state that the owner of this site will not be responsible for losses or any errors that arise from trading their signals.
At this point in time, you realize that this vendor is not intending to take responsibility for their failure. That’s the reason they are hiding behind such a disclaimer statement.
Anyone who offers a signal service without seeking proper licensing is definitely committing a crime. But that is also why this website is trying to get around those rules by publishing a disclaimer statement that obviously puts the trader in a disadvantageous position.
This is a strong warning that VfxAlert is a fraudulent service. You are most likely going to lose your account if you ignore the red flags.
It is always good to ask for proof of performance when a vendor claims that they are offering a financial service.
This particular vendor did not mention the win rate or average return on investment for their signals. We therefore don’t know what to expect because this website is lacking performance records for their signals.
We actually sent them an email seeking a response on matters related to their trading performance.
They replied that they were only providing this service for educational purposes only as contained in their disclaimer statement.
In other words, the owner of this site was admitting that VfxAlert does not have any record of their trading performance.
They are actually selling a product/service that has never been tested. It’s actually one of the signs you should look out for when dealing with any signal provider on the web. We don’t feel confident towards this vendor because they don’t trade their signals.
VfxAlert is registered under the name of Aleksandr Mikolyuk. However, their address is not provided, thus we do not know much about them.
We are actually dealing with an anonymous signal provider in this case. And in as much as you’re not paying a lot to use this service, the truth is that you wouldn’t want to waste your time or probably blow your account as a result of following a fraudulent signal provider.
The owner of this site also maintains a Twitter page where they market their service as a free binary options signal provider.
As you can see, nothing in that Twitter page can make you believe that VfxAlert runs a profitable signal service.
They have over 400 followers in that account. But none of them seem to be actively interacting with their tweets. This suggests that these followers are fake. Vendors are actually notorious for buying fake followers to fool unsuspecting clients into joining their failing service.
For us, this signal provider looks like a scam. We indeed tested 5 signals from vfxAlert and only 1 signal was profitable. The rest did not hit the profit mark.
Although they don’t mention their win rate or return on investment, it is clearly evident that this is a poor return on investment signal service.
Rest assured that vfxAlert is not a signal provider that you would want to do business with. They are escapist who do not see the need for accountability. It’s the reason they have a silly disclaimer statement on that website.
You don’t have to waste your time on not-so-useful binary options product. Just narrow down your search to these recommended products for trading binary options. We find them very profitable.
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