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FXStrikes Review: Is FXStrikes Legit or Scam?

FXStrikes Review: Is FXStrikes Legit or Scam?

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FXstrikes is a Forex signal provider that caters to retail and institutional traders all over the world. They are emphasizing on clarity, simplicty and transparency, they are able to assist investors and traders in a way that the market has not been able to do. To offer their users a unique experience, FXstrikes.com claims that they are working every hour on the hour to make this possible. They claim that this service was launched back in 2010. This information is easy to verify since there are a couple of details that can help us establish the exact truth pertaining to when the domain was created.

Other than claiming that they are experts in their respective fields, they don’t tell us where they are based at or what type of trading history they have. It would certainly be helpful, if this group gave us more insight about who they are, because it’s difficult to trust a trading service when you don’t know who the traders are providing the signals. In order to get in touch with support, traders can phone +2 0122 111 2694 or email [email protected] Having said that, the purpose of this review is to discuss this signal provider and also give you some alternatives if you are not quite sure of what to choose. In regard to signals service, you can check out this page and pick the relevant trading service. But if for some reasons you want to learn more, we can help with this unbiased and eye opening review.

FXstrikes review

Overall, the FXStrikes website is unorganized, and unprofessional. There are quite a few issues when it comes to the overall aesthetic of the web page, that include many different pages with little information on each, and quite a few grammar mistakes along the way. It’s clear that the website is put together by someone with limited skilled in that arena, and someone who speaks English as a 2nd language.

fxstrikes

While it isn’t everything, the presentation of the website or service is important because it speaks to the approach and the efficacy of the vendor. There is no reason why the vendor couldn’t pay someone to fix the issues with the website. The fact that they happen, shows that they are not understanding of their own skill set, or flaws in this area.

FXStrikes Trading Strategy for generating signals

The vendor does not provide any information about their trading approach, or general methodology when it comes to Forex markets. Instead, the FXStrikes team claim to provide a winning ratio 98%, with a monthly target of 1000 to 2000 pips guaranteed. As far as we’re concerned, these numbers are unrealistic. It’s clear that this vendor is making a poor first impression, and will not qualify for the best Forex signals page.

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This is a subscription service costing $100 per month. They tell us that they are trading various Forex pairs such as USDCAD, XAUUSD, NZDCAD, NZDUSD, GBPJPY, USDJPY, AUDNZD, NZDJPY, EURUSD, EURJPY, GBPAUD, AUDJPY, EURNZD, EURAUD, AUDUSD, CADJPY and GBPCHF. The exact strategy that FXstrikes uses is not disclosed but they are assuring us that we will receive signals on a daily basis.

The FXStrikes “VIP paid signals” come in 4 different packages. Each package provides the exact same service, but costs differently based on the length of subscription. For one month it costs $100, for 3 months it costs $200, for 6 months it costs $300, and for the entire year it costs $400. This is a very weird pricing plan, as most vendors will provide a significant discounts for long-term members, but nothing this significant. As, if you stick with the software on a monthly plan you be paying $800 more by the end of the year that he would if you purchase the yearly plan.This strange payment structure is really in line with the rest of the website which is quite oddly put together.

Do they have trading results or proof of performance?

As we figured, the FXStrikes performance page is quite underwhelming. They provide screenshots of cherry picked trades from March and April of 2019, and a “signal statement” which is a simple bar chart with a few figures that aren’t explained. The bottom line is that none of the results provided are not verified and can’t truly be trusted. The results being shown can easily be fabricated or cherry picked as we mentioned before to show only the good trading signals they provide. This vendor desperately needs to enter 2019, and start providing verified trading results via the statement sharing service provider like Myfxbook, that happens to be completely free. It would take the vendor less than 10 minutes to provide this to the community, so there is no excuse for them not to. This is the same message we have for many of our other reviewed signal providers as you can see with USA Forex Signal, and Bird Forex Signal, so we aren’t playing favorites.

Customer feedback

Early, we said that the website was created in 2010. This was a claim that was made on the official sales page of FXstrikes. But we are beginning to question this claim even before we can carry out an investigation to establish the year in which the domain was registered. The reason why we have developed a cold feet is because this site has never attracted any feedback or reviews from internet users who might have probably used the service. Surely a site that is 8 years old should be able to attract enough reviews on the internet. But with this one, it is quite strange because we are not seeing any mentions about the site and its services on major trading forums. So we assume that this is either a new site or no customer is interested in buying their service.

Our best advice for you

The FXStrikes service is mediocre at best and no one can trust their service at all based on their presentation. It is unsatisfactory and we think this style of doing things usually doesn’t work when targeting informed traders. For this reason, we are advising traders to invest with credible products and services only.

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