We are reviewing a Forex signals service found on this domain Fxsignalsapp.com. However, the service refers to itself as Forex Signals. Therefore, for the convenience of writing this review, we will use both names to refer to the same service. FX Signals App also has a trial service which users can test and only upgrade if they feel that the service is worth paying for. The vendor of this signals service is unknown. But they believe that their identity is not important because what matters is their 10 years of experience in the Forex market place. FX Signals App claims that they are the easiest, precious and most accurate signals service on the web.
We wonder whether they can demonstrate this statement with hard facts. Something like a verified myfxbook account will do, even if it is a demo account. The service tells us that they are a team of experienced programmers and traders who have successfully navigated the FX market place for over a decade.
FX Signals App tells us that they are providing 15 to 25 Forex signals on a daily basis. This is an extremely large number of Forex signals which can be sent in a day. The question is, who are these traders and how many traders are involved in this type of operation? Finally, do good signals manifest on the charts every day so that these traders can find at least 15 signals per day?
Therefore, if you have bumped on FX Signals App and are thinking about trying out their service, our advice is that you should read this review first and see whether this is the most appropriate service to use.
Note: If you want to use the best Forex trading resources on the web, our recommendation is that you should invest in these trading tools.
The vendor tells us that this service debuted in 2014. However, according to the domain creation date, we learn that FX Signals App was created in January 2015. The difference is not that significant. However, we would prefer this FX signals service telling us the truth and keeping things more accurate. There is also one very weird statement which the site is making. They claimed that their FX Signals App service has been recognized as the best signals service in the world. There has to be some benchmark to measure these claims, and if the site has provided zero evidence of this recognition, then it only remains as a claim. Until a claim is verified, it does not mean that the claim is the truth.
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Other reasons as to why FX Signals App is unique is because they are providing round the clock support, real time signals, competence and accurate rate of 75%. The FX Signals App website is honest with us when they say that in some days, this win rate can go down. So we are simply assuming that this is the average win rate which the service has achieved so far. If they have been trading all these years, it shouldn’t be an uphill task finding the monthly average. Right?
We are also hoping that they can give us some proof of performance in form of trading statements or a myfxbook account. When we have either of these resources, we can easily check to establish whether these numbers are real.
Having gone through the site and learned a few things about the product, we can say that the signals which they are supposedly sending out are in pending orders. In addition to this, the signals are sent to all types of devices as long as those devices can access email. Unfortunately, FX Signals app is not upfront with pricing. We are just told that if we have trialed the service and are satisfied, we should consider upgrading.
If a vendor is shy away from telling us their prices right away, it could mean that they are not confident about what they should charge. They most likely prefer keeping communications private or within the email. The question is what’s the point of making it difficult for prospective traders to find out about pricing?
They also tell us that we must use their brokers because their brokers have low spread conditions, and this will positively impact on your trading experience. By the way, we do not trust just about any other Forex broker. If you want good brokers whom you can work with, our recommendation is that you should try these low spread brokers. They are very cost effective and friendly to users.
Having said this, we think it is not necessarily a bad thing for the team behind FX Signals App to promote their own brokers. What we find weird is the fact that the team behind this Forex signals service has not been introduced anywhere on the website. If they indeed have been trading for the last decade, we are sure that they would find it quite easy to introduce their traders on the site. But this has not happened, and so we are even doubting the 10 years of trading experience story.
The best way to approach such an opportunity is to give it a trial. If the trial is free and we can upgrade any time, our best bet would be to make use of the trial. Once we know what to expect, we can pay for it. Otherwise, if there is no trial and customers are expected to pay right away, then this could constituent a scam.
We don’t trust signals services which we have not tried and tested. We are not saying that FX Signals app is a scam. However, the trust level is quite low given that there are some shady elements existing on site. Keep in mind that they are anonymous, and the service is not even giving us any proof of trading. At the moment, we recommend these Forex trading tools.
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