8Alert claims on their website that they are the leading GPS for traders and that they do provide 8 winning signals on a daily basis and in real time. According to what their mission statement says, the goal of 8 Alert is to ”race the line separating experienced players in the global Capital Market from ordinary households worldwide.” By this, they mean that they want the average trader to reap the benefits of the market just in the same way that an experienced and more funded trader enjoys the returns of the global capital market. 8 alert also believes that when the average trader has access to the kind of information which they are delivering to their customers, any trader who has signed up with a good broker can make money and even turn Forex trading into a second career.
The website is operated by 8 Alerts Ltd which were founded in the year 2015. This company does not have a digital footprint anywhere on the internet. So if traders want to know more with regards to the company, they should probably chat with 8Alert directly on their website or email them for the same. In addition to this, the broker has also provided a phone number to allow traders who want to engage them on phone the possibility of speaking with them directly.
Having said this, the intentions of this review is to let you know whether or not 8Alert is a genuine signal provider worth spending money on. There are many signal providers who pretend to be offering winning signals but when they are engaged in real business, clients lose money because their signals are not that good. Is this the same kind of service that 8Alert offers? We hope not but if our analysis finds out so, we will warn you in this review.
8Alert aims to provide signals for both day traders and swing traders. In case you are a newbie to these terminologies, then you should note that day traders close all their trades on the same day while swing traders can let their trades run for many days even weeks. This signal provider also claims that whenever they send out signals, they always send the entry price, the stop loss and the potential price target for that particular trade.
The website provides trading signals for all types of markets whether commodities, stocks, indices or currency pairs. This suggests that all traders seeking the services of 8Alert will have something they can trade regardless of whether they are a fun of the Forex market or other markets respectively. Apart from making it possible for traders to receive signals through email and text, 8Alert has also invested in apps for iOS, Android and PC to make receiving signals from them quick and convenient.
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8Alert has also listed some of the reasons as to why they do believe that their service is different from other signals services. They claim that they do offer guidance and follow ups until the signal is executed on your end. Actually, they claim that follow ups will be done until the trade is closed.
The site also claims that all traders will have access to 8 expert analysts of the signals who will guide traders in addition to providing charts and trading history. However, none of these analysts have been introduced on the website. Besides, the website does not tell us what type of trading approach they are using. This is certainly something we would like to see being added on this signal provider’s website to believe their claim that they are working with 8 expert analysts.
There is also another weird statement on the site. This is what 8Alert claims: CSM compatiblity: these services compatible with “the CSM system and uses an algorithm that provides currency strength indicators.” It is not clear what this statement means and we are sure that most traders will be seeking for an elaborate explanation to help them understand what this signal vendor is trying to communicate here.
They also claim that when we use their service, we will never miss a signal due to the fact that their signals are also delivered on their apps, and that means we can easily access the signals at all times. What we have noticed with 8Alert is that their website comes across as very professional. This is not the same thing that we have seen with many other signal providers on our other reviews. So this is definitely a plus on this service because it shows how serious the people who run 8Alert are with this service.
It should probably come as a surprise when you learn that this signal provider is charging $500 per month to deliver 8 daily signals to their clients. They trade the following pairs: EURCHF, USDCHF, USDJPY, NZDUSD. There are many more which they have not included in that range of currency pairs traded by 8Alert.
When we look at the pricing model of this signal provider, we see that they are trying to position themselves as a premium signal provider since they offer the most expensive signals we have ever seen or even heard. The signal service also provides 14 day free trial of their service. If you like the service, you can go ahead and subscribe. The second plan charges $5400 per month but there doesn’t seem to be any major differences between these two services.
When price tag is this high, the first thing you expect is that the vendor will provide their verified trading results. Unfortunately this is not the case with 8Alert. They have failed terribly in showing us their performance over the last couple of months as what they offer is unverified statistics and images showing their latest trades. This is not considered verified performance proof of trading success. Having said so, our best advice is that you should trial their service before forking out $500. But if you don’t feel comfortable, stick to these products.
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