One Billion Signals is a website that claims to sell reliable Forex signals which are then delivered through email and mobile app which is compatible with both Android and iOS. One Billion Signals is allegedly designed to help Forex traders win more trades through the signals and also news updates. Besides this, the vendor is marketing this service as free but their signals do come with a monthly subscription price tag.
The app in question was created and is maintained by Merit Software Co. Merit Software Co is a mysterious organization because we do not even know where they are located plus when we tried to contact them for further inquires, we discovered that their contact page was broken and so reaching them would have been impossible. Perhaps they may have fixed the issue by now. But all in all, they came across as unprofessional. Anyway, while this could be treated as a red flag, let’s not give it much weight to the extent of ignoring other details of this signals provider.
If you are in need of good Forex trading resources that can go a long way into helping you succeed, check them out here.
One Billion Signals claims that the win rate of their signals is 83% across some 57 currency pairs and 11 CFDs. They also claim that since their win rate is so high, they were able to reach some 50,000 traders using this app. These numbers are so high, and we hope to see some evidence that indeed this number is real. The reason as to why they chose to create an app is because they wanted traders to be close to the market at all times. They also believe that this app is unique compared to others because it can help predict the correct direction of signals which will go a long way into helping traders build their account balance.
One Billion Signals has also listed 4 reasons as to why they believe customers should utilize their signals. They claim that their service is fast, secure, profitable and even popular. While there is nothing wrong with marketing a signals service like this, we find that the sales page contains fluff since there is no discussions about the trading strategy and analysis part of this signals service.
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 the Next Day 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.
One Billion Signals has refused to reveal who the signal providers are or even what type of trading strategy which they are using in order to predict what the market will do next.
What they are telling us is that their signals are accurate and filtered and that they wouldn’t send signals to traders if they were not willing to trade them on their live accounts. Many Forex signals providers make this claim on their sales page and we find that without any evidence of live trading, we can’t really trust the operation.
The signals cost $40 per month. They are trading 57 pairs, including 11 index CFD’s. The vendor does not reveal how many times they are sending signals per day or even their trading methodology. From what we can see, One Billion Signals does not provide any in-depth details of their operation on their site. We don’t know why a signals vendor would ignore some critical aspects of their services. On top of this, One Billion Signals does not disclose any trading results despite having a dedicated page for trading strategies. They don’t tell us which trading strategies they are subscribing to.
On the other hand, One Billion Signals is offering a free trial for 10 days. There are 4 plans which we can subscribe to. These plans cost 39.99 per month, $99.99 for 3 months and $299.99 for a year. If you really desire to use this service, our recommendation would be to use the 10 day free trial to figure out whether this is the right signals provider for your needs. The reason this trial would be ideal is because the website is not giving us specific information about their trading methodology and other things that are of concern as far as these signals are concerned.
It’s important to remember that One Billion Signals is promising traders an 83% win rate with their signals. This is a really high number and we need some evidence to show us that indeed these numbers are real. Without this evidence, we cannot trust the numbers. It is so unfortunate that One Billion Signals does not have trading proof, statement of proof that the win rate is real.
There is only a section on the site which shows us the number of pips that have been gained over time. In that section, they claim that they’ve gained a 223 pip gain in August 2017 and +277 pips as of January 2018. Since we do not have current trading results, it’s crystal clear that the vendor has not bothered to update this section with any results even if it means doing so using cooked numbers. These numbers aren’t verified, so they could have been fabricated as well. This is something that traders need to know.
Is there any feedback from real clients who have utilized this signals service in the past? We can find reviews on the Google Play store app, and there are 400 reviews. The average rating is 4 out of 5 stars. Most of the reviews here are not in-depth in any way.
Since these reviews are confusing and we actually have no idea what we should expect, the best thing would be to try the signals service for 10 days to find out whether the advertised win rate is real.
One Billion Signals still leaves a lot of doubt in our minds, and if they were not offering a free trial, it would be very difficult to move forward with their service. They should probably work on their transparency to build more credibility and of course not forget the fact that traders need verified results in order to trust them. Stick to these Forex trading resources to be on the safer side.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
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