We are reviewing a Forex trading operation called Dex FX Markets. They provide a wide range of trading services which include signals, trading consultations and training, copy trading service and other web based tools which they claim will assist the average trader earn a living online. They even have a free plan so that guys can test what dexfxmarkets.com is made of.
They believe that their goal in the Forex marketplace, is to help traders find their ideas of success. Today, we will review this community and let you know if the services they are providing are viable and proven opportunities.
The service is owned by Our City Investments, LLC, located in Landing, New Jersey, USA. In our additional research, we found very little information about the company, or the type of trading history they have in the Forex market. In order to get in touch with support, traders can call 1-603-369-6875 or email [email protected] There is a lot that we should know concerning Dex FX markets and in the meantime, we are asking the community to choose at least one trading tool from this list of options which are available to the average Forex trader.
Unlike most services that we review, the Dex FX Markets product line is much more widespread and all-encompassing. Despite providing quite a few different services, the vendor doesn’t provide in-depth information about any of them. Obviously, this makes reviewing each service difficult, especially because there is little to no client feedback on this community anywhere online. This is not uncommon though, as you can see in our recent reviews of LeapFX Trading Academy and FXTP Signals.
Hopefully, this review acts as a hub for traders that are interested in the service, and that have used the service, so we can get some real user client feedback.
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One of the main offers provided by the Dex FX Markets group, is their TNT challenge. This challenge is built to help traders learn a simple Forex or Nadex trading system, using “custom indicators like support and resistance” to help traders determine manual trading opportunities.
This challenge provides the first month free, as long as traders create the trade Journal, completed video course, attend the regular webinars and set up a personal consultation. After the first month, the product costs $47 per month.
The service comes with a trading system, simple video trading and professional consults where you can speak with traders one-on-one to ensure that you are trading the system properly.
They are offering products and services which include Copy trading, Signals and Indicators. The monthly subscription is within the range of $97-$247/month. They are using multiple strategies and time frames to trade the FX market. In addition to this, they are trading a wide range of markets which include AUDJPY, AUDUSD, EURAUD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF and USDJPY.
Depending on the Dex FX Markets service you are interested in, the price fluctuates anywhere between $97 per month, to $247 per month. The cheapest package, is the TNT challenge which goes for $97 per month, despite claiming to be $47 per month on the TNT challenge sales page, which is confusing and unorganized. The copy trading Step Bot software cost $147 per month which is quite expensive, and not really worth it because the vendor has only shown that it’s capable of making $700 over the course of 7 months. Which means, if you followed their provided account set up, you’d be down around $300 in total.
For all the packages combine, is to hundred and $47 per month, which again we believe is too steep given the information and trading results we been provided to this point.
The Step Bot is the second most popular service provided by Dex FX Markets. This is a copy trading system that the vendors described as “the most consistent, highest yielding Forex trading bot ever.” This program is built to copy trade in any MT4 platform, and provide consistent trading results.
There is a 17 minute video, which is supposed to show how the Step Bot can set up a five-year millionaire retirement plan, but it doesn’t seem very realistic. We are much better off analyzing the Myfxbook accounts they provide, as that is a much more accurate depiction of the service. There are 2 Myfxbook accounts provided by the vendor, but 1 was removed from Myfxbook by the vendor. Hopefully this account didn’t bust.
The one account they do provide, is a demo with trader’s way showing a 34% gain, with 15% draw down since it was launched December 5th, 2018. During this time, the account is showing a $691 gain, on the initial $2000 deposit. There have been 606 trades, with an effective win loss ratio, with the average win coming in at 16 pips, and the average loss coming in at 21 pips. The numbers are in line with the best Forex robots, but at a slower rate.
The results are pretty consistent, but they are on a demo account, and they aren’t very substantial. In fact, if you have a $2000 account, and you copy traded with the Step Bot this entire time, you would actually be down money, because the product is making more money than it costs to purchase the monthly subscription.
As it stands, there are certainly some interesting aspects to the Dex FX Markets services but we are unsure if it’s worth the exorbitant price tags. The best opportunity we see at this point, is to take advantage of the free month of the TNT challenge. This would be a good way of testing the service, and seeing if you agree with their trading practices. As for the Step Bot, the numbers just don’t add up right now. We need to investigate further to see whether there is some truth in the claims. In the meantime, you can get started with these reliable trading solutions as we observe and conclude whether Dex FX Markets is a reliable solution.
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