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Lions Of Forex Review: Is this signal Service a Scam?

Lions Of Forex Review: Is this signal Service a Scam?

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We are reviewing Lions of Forex, which is a signal service that has specialized in providing traders with signal alerts. The website looks professional enough for anyone to trust these folks right away. However, we need to analyze this service keenly in order to identify the potential benefits or setbacks. We are not jumping right away without first knowing who is behind this operation and what their trading experience is. They are promising a 90% win rate, and an average of over 2000 pips per month. The membership program also comes with Forex training, mentorship and educational resources to help traders take control of their finances by joining “exclusive inner circle for Forex traders.”

The product has been on the market since July, 2016. The LIONS OF FOREX LLC is owned and operated by two friends, Berto Delvanicci and Roy Taylor. There is quite a bit of information about both of these traders, through their social media, and via other media sources. Their head offices are located somewhere in Miami, and they can be contacted via email at [email protected] or phone 1 (772) 404-1299. If you are looking for a good signal provider to get started with right away, we suggest that you take a look at this page to find options that the community is recommending at this time.

Lions Of Forex Review

There is a promotion statement on the Lions of Forex website stating the following: ”Being completely new to the trading game altogether, I would highly recommend Lions of Forex to everyone. LOF provides amazing educational material through videos, daily webinars, daily signals, documents, and tools! Berto and Roy really do set you up for success! It’s no wonder they have students from all over the world, from beginners to the most advanced!”

This statement is just a sales gimmick to make you see how profitable trading with Lions of Forex is. You really have to find out whether spending money on these signals is worth it. Otherwise, you will end up crying a river. It is not always what you see.

We must admit that the website is slick, and there is no doubt that the Lions Of Forex creators lean heavily on lifestyle marketing. Whether it’s on, or of the website, this group of traders really pushes the idea of wealth, and utilizing Forex trading as a method to achieve it. Their YouTube channel is full of videos that depict a certain level of luxury, with exotic cars, and road trips to Vegas being the prized possessions of the signal providers.

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This type of marketing is very attractive to the millennial generation. Their approach is very reminiscent of Wall Street Academy, and Forever in Profit, a couple of Forex Mentor programs that we reviewed back in 2017. There aren’t a lot of developers using this type of marketing approach, and that’s certainly find by us, is the preferred more professional and less flashy presentation. That doesn’t mean that it’s a bad thing, it justisn’t our cup of tea.

The trading Strategy

The Lions Of Forex team do not provide any detail about their trading methodology. This is something they should certainly add to their website, as just about every Forex trader in the market, always wants to know what type of strategy is being used to determine the trading opportunities.

This explanation would also be helpful for the 2 different trading courses as well. Ideally, we would like to know what is inside the essentials trading course and the advanced trading course, before we decide to shell out $200-$300 per month.

As you can see, many of the main aspects in the signals analysis section are undisclosed by the Lions Of Forex vendor. While the website is slick, it is certainly missing some of the most important aspects when it comes to a signal service. Generally, the best Forex signal providers in this marketplace, provide much more detail and insight.

Signals are provided via SMS or push notifications to your phone.

Trading Results of Lions of Forex signals

The only trading results available, are on the website in the “pip overview” section. In this section, the Lions Of Forex team list each month, and then the amount of pips per month they achieved. There has never been a negative month, and every positive month is showing a gain of somewhere between 1500 to 3300 pips. These gains are very difficult to believe, and they aren’t transparent or verify any way, so they can’t be trusted.

It’s also worth noting, that the vendor hasn’t updated their trading results since March 2019, which means they aren’t actively updating this website.

The bottom line here is, Berto Delvanicci and Roy Taylor need to upload all of their signals to a Myfxbook account to prove that they are real. This task would take less than 15 minutes to accomplish, so we see no reason why they can’t upgrade their level of transparency immediately upon reading this review.

Have they received any Client Feedback?

There seems to be the resources for client reviews, and 2 out of the 3 are underwhelming. Currently, they have a Yelp score of 1/5 and an FPA score of 2.8/5. The only positive score they have is for their iTunes app, but most of these reviews are eerily similar, which make it seem like they are coming from a single source.

Our best advice for you

At this point in time, we are unable to provide a recommendation for the Lions Of Forex service. Between the lack of information, no verified trading results and the recent client feedback which is overwhelmingly negative, it’s an easy decision. Hopefully, this vendor can turn things around, and a great place to start would be with their trading results. We will obviously check back in on this review from time to time, in order to see how the service has progressed.

If you have anything you like to add to the review, please leave your questions and remarks below the review now. Otherwise, you can do well if you invest in any of the products that have been highlighted on this page. 

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