Platinum Forex Signals Review: Is it a Scam?

Platinum Forex Signals Review: Is it a Scam?

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This is clearly a new Forex signal provider. So we are interested in knowing who runs Platinum Forex signals, what their trading experience is and where they come from. On their site, they state that Platinum FX is a team of professional traders based in  Southampton, UK. They don’t provide any specific address for their location, and don’t give any details about who they are either. There’s definitely information missing here, and hopefully the developer will be able to fill in these blanks after reading our review.They tell the community that they are providing outstanding education for working professionals and students who are motivated and want to learn how to trade forex.

They educate their clients with their signals by sending them analysts and assigning each customer their own mentor, for when clients are ready to take their trading to the next level, Platinum Forex signals has a course available to teach them everything they need to know about Forex! The most significant part of their offering is their signals which is quite obvious given the name of the website. They believe that their group of professional trade analysts will be able to provide accurate trade alerts for many years to come. Today we will be providing a review, and looking at all of the most important aspects of the service to let you know if it is viable or proven. In the meantime, you can take a look at these Forex trading robots and resources because you never know, you might just find the a good product in those recommendations.

Platinum Forex signals review

The website is clean and filled with promises intended to make the Platinum Forex Signals service come across as a market leader. This can be attractive to potential subscribers as they will feel that the site operator is very professional. At the top of the page they promise 12,000 pips per year, over 250 current students, a dedicated team of analysts and continuous support. None of this information is verified, so it all has to be taken in with a grain of salt. We will do more digging into the pips per year promise in the results section of the review.

The creators of the service want to “provide outstanding education for working professionals and students were motivated and want to learn how to trade Forex.” The creators look to educate clients with signals, analysis, mentorship and the trading course built to cover the entire Forex market.

Quality of Trading Course offered by Platinum Forex Signals

The Platinum Forex Signals team will have you believe that this course can teach you everything you need to know about the Forex market. The course is provided free for traders to sign up with the signal service which is a nice touch. In Congress over 60 different topics with the first section covering all of the market basics.

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It would be helpful if the vendor provided us with some sample readings, because we really have no idea how they teach.

Trading Strategy

Now, let’s get back to the signals as that’s the main purpose of the review. The vendors tell us that they are able to help their clients adequately because they have a team of in-house traders. Sadly, they don’t tell us who those traders are, so we essentially have to take their word that they expert analysts available to help us.

Considering they provide no information about their methodology and overall trading approach, makes the expert analysts incredibly important to their sales pitch.

It’s our recommendation that the vendor provides much more information about their trading approach, and who the experts are providing the signals. Telling us that the service is run by professionals isn’t enough in a market where everyone else is saying the exact same thing. Just look at our recent reviews of Trade Surfers or Forex Specs and you’ll see the exact same promises about expert traders running the show.

Signal Analysis

  • Type: Forex Signals
  • Price: £299 one off payment
  • Strategy: Undisclosed
  • Signal Frequency: Undisclosed
  • Pairs: Undisclosed

Is really quite strange that so many of the most important aspects of the Platinum Forex Signals are disclosed to the community. We are aware that they provide signals with SL/TP but no other information about the signals is provided. We don’t know the strategy, the pairs the trade, or the amount of signals that are sent on a daily basis. All of these aspects are commonplace in the Forex market, and discussed heavily by all of the best Forex signals providers.

If traders don’t want to pay the £299 one time fee they can join the Platinum FX broker. They don’t tell us who this broker is though, and require that we email for more details.

Trading Results

The Platinum Forex Signals team promises 12,000 pips per year. This is quite surprising, considering they provide us with absolutely no trading results whatsoever. We have no idea how they come up with these numbers. When making a promise of this magnitude, the vendor certainly should be providing some sort of verified proof. We recommend that they utilize Myfxbook, and prove to us that they can truly hit the numbers that they say they can. Otherwise, we will feel that this is yet another marketing ploy.

Our best advice for you

There are aspects of the Platinum Forex Signals that come across as professional, but there’s too much missing in order to provide a recommendation at this time. They need to do much better job with their strategy, trading results and overall transparency of the service. This is the conclusion that we are making at the moment but if they improve the service later on, things will change for the better in terms of how we adjust this review. If you would like to find a better trading tool, we advice looking at these products and resources as they have proved to be very effective in terms of delivering consistent results. Also, If you have anything you would like to add to the review, please leave your questions and remarks below the article now

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2 Replies to “Platinum Forex Signals Review: Is it a Scam?”

  1. i joined platinum ages ago think it was around august, they seem to be really clear they share their a***ysis with each signal which is a nice touch, think the 12,000 per year is a target – lewis and ruan give me on going support don’t need it so much as i have learnt along the way however they if i am stuck they get back to me within an hour or so
    keep it up guys

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