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fxprofitsignals.com Review: is FX Profit Signals Scam?

fxprofitsignals.com Review: is FX Profit Signals Scam?

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FX Profit Signals is a trading alerts provider who believes that traders can get the hottest market opportunities before everyone else if they subscribe to any of their two plans namely VIP and Platinum. This team promises to enhance your watch list and trading performance with their platinum signal plan. They trade various assets which also include Gold, Silver, Brent and many more in order to allow their traders to expand their portfolio and possibly spread risk. On top of this, they are giving non European customers a cash back reward of $3 for every 1 lot that is traded. This applies if you open an account with their recommended broker. The reason FX Profit Signals is able to give a cash back as they claim on the sales page is that the broker is paying them for every lot that they trade. So this means that even when they make a profit or loss, they will still be able to pay this amount since the broker is always paying them even if they make a loss.

We have a feeling that this signal service is not transparent enough. They are hiding a lot of things from their audience and for that reason, it would be risky to trust their signals on your live account. If you want to make profits as a trader, we ask you to check out these trading resources because they can be of great help. In the meantime, let us continue reviewing this Forex signals service because there is an element of deceit which we cannot fail to mention in this review.

FX Profit Signals review

The homepage of FX Profit Signals shows us live free signals, closed signals and latest closed VIP signals. This information is being displayed via a widget and we are definitely not confident that this data can’t be manipulated to suit their message. Anything is possible as long as the signal provider is not using myfxbook to track their trading performance. By the way, myfxbook trading accounts will document live trades and recently closed trades. They even have a widget which you can install on your website to display this information for transparency. So if a website like this is not using this widget, we should definitely be certain that something fishy is cooking.

We see that this team is claiming to have 12 years of experience and are also alleging that they have been making profits every single month with an accuracy of 100%. This information is definitely misleading because if you look at the date of the domain’ creation, you will find that it was created just recently and secondly, it is not possible to make returns with that kind of accuracy each month. Something must be wrong with the way they market this service.

The site comes across as very professional since they are utilizing a theme that organized everything according to their respective place. But their about us page is quite disappointing since they are providing us with generic information that does not add value to their presentation. On one part of the page, they claim to have traded for 10 solid years and in another, they claim to have 12 years of experience trading. We definitely don’t know what to believe because even the team behind this website is 100% anonymous. It’s in our best interest to find out about this team. We just don’t want to trust their signals if we have no assurance of their trading. In fact, the more transparent they are, the more customers they will get. The less transparent they are, the less number of customers they tend to get. So at the end of the day, FX Profit Signals needs to work on their customer acquisition skills. Unless they are not profitable traders, we do not see how this is a difficult task for them.

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FX Profit Signals: what you get with their signals

Their signals are allegedly very informative as they come with information pertaining to what is the best time to trade, what is the best way to trade, which currency pairs are good for trading, and take profit and stop loss too. This sounds like what you want to get but before you pay for their signals, you should be absolutely sure that your investment will yield returns. Otherwise, you will be disappointed if you fail to do so.

You might say that you can rely on the testimonials which are on their website because they look real. But the problem with this part of the site is that it can be edited by the site owner to suit their message. As you can see, you cannot personally gain access to that part of the site to include your testimonial or review about this service. So that means this area of the site is highly manipulated and the message that goes here cannot be trusted either.

This team also offers binary options trading signals. By now, you should know that binary options trading is a hoax as it has been banned in many countries. The reason for this is that financial regulators consider it gambling.

Monthly subscriptions on this service start at 45 euros all the way to 60 euros. Their plans are detailed but we are not quite sure if the signals will generate returns. The thing is that if there are no transparent trading performance to reference, then we are not obliged to trust their service at all.

Our best advice for you

FX Profit Signals is not so transparent with their website. We need to see that they can verify their performance from a statement sharing service that is credible. There are a couple of them on the internet. While the signals are affordable, the question should be whether you want to spend money on signals that don’t yield consistent gains. As far as we know, their returns cannot be verified. Their claims also seem to be outrageous. For that reason, we will recommend trading with these resources as they are more reliable.

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