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From what investors demanded, here’s the full ThatFXTrader (Thatfxtrader.com) review. Upon landing on their homepage, one might be fooled that this is an electricity company. The main banner does not give any indication that this is a signal provider. Apart from offering signals, That FX Trader is furnishing users with group sessions and training course videos. Their social media pages were last updated two months ago from the date of posting this article. Below are the full details of what we found out about this signal provider.
On their about us page, they state that finding the right partner can be challenging. And this is coming from a platform that gives no details on who they are. When it comes to their overall presentation, we have to provide them with props. They have come up with a well-designed website that provides users with full information. TFXT is a platform with no heads or tails when it comes to the people behind it. Their about us page does not provide useful information about the entire platform.
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ThatFXTrader is furnishing users with four services to choose from. Interested parties can choose to get live interactive group sessions and one-on-one training. The other two services include online courses and signal services. They fail miserably when it comes to explaining how efficient their services are. There have been no reviews on whether their courses add any value to investors. The platform does not list any successful trainee who has used their services to make winning trades.
They claim to offer state of the art and well-structured training formula. The platform claims that their method has been mastered by thousands of students all over the world. It is a shame that none of the students have posted a review on the platform. They go ahead and state that their forex training services are best for beginners and all classes of investors. Even though we have not yet seen their results, it is worth checking whether they offer free training sessions. The platform should also post the types of video courses available and duration.
Details on who is running the platform remain to be seen. It seems that the platform is operated from the United States. We could not find any member who could verify whether they have offices in the U.S. What is sad is that the faculty remains to be seen on any of the tutorial videos. Anonymity is a dangerous partner to have, and this is why we need to stay away from this platform. Without the full information on who is running the platform, the courses could be copied from elsewhere. The faculty could be amateurs trying to get users to sign up with their platform.
There have been no comments in regards to this platform. TFXT does not have a trust rating, which is weird from a site claiming to be available since 2016. With over four years of existence, one would expect at least one rating from a member. And this could mean that their services were not well received. It also means that no one has yet to sign up with their services. And it begs the question of why no one is interested in their signals. Compared to others, they do offer a low price for their signals.
The platform has servers located in California. What we found out is that they are lying about their online status. According to trusted domain checker tools, the site went live on 26th June 2017. Why the disclaimer at the footer of their homepage claims 2016 is beyond us. The only other reason for this is that the site has changed ownership. And this could be the case as their IP address has changed 13 times over the last three years. The current owner may have bought the domain from another online trading service provider.
What we found out were some of the topics that are available on their courses. They include behavioral analysis, fundamental analysis, and technical analysis. Other sessions on the platform include components of trading, Fibonacci levels, and Going full time. The additional training guides available are in regards to positional management and the trading strategies. Details on how their signals work is not on the training courses. It seems they have separated their signal services with their educational materials.
The CFTC and NFA have not licensed this platform to offer signal services to members of the public. ThatFXTrader is NOT REGULATED and means traders from the United States are not to sign up. Other users might face the hurdle of a money-back guarantee, which is not provided. The problem with such platforms is that they do not offer insurance for deposits made. Once you buy the product or service, there is no going back. If their signals are late, you still don’t get any refund.
With the platform also targeting investors in other regions, all traders need to be careful. Such platforms usually target naïve and newbie traders. And this is the reason why some regulators in Europe plan to blacklist this platform. The entire platform has no details on their license status, which is spooky at best. Their terms and conditions page fail to disclose the full regulatory compliance of the platform. And they also state in Caps that they are using simulations and not actual trading results. It is proof that they have not tested their signals with a real account.
ThatFXTrader is furnishing users with three plans to choose from when purchasing their products. The three include Full-time forex course, live interaction groups, and one-on-one sessions. Price for the full-time forex course is set at $499, which does not have attractive features. The amount set for live interaction groups is $699 and goes for five weeks. 1-1 trading sessions are priced at $1199, and the classes are held twice a day. Users should note that these prices are a one-time payment.
Disclaimer at the footer of their homepage shows that the platform has several depository options. Users can choose to make deposits using American Express, Discover, MasterCard, PayPal, and Visa. It is better to use PayPal as aggrieved parties can send a complaint and get reimbursement. The only problem is that the developers will state that the funds were for services offered. This platform also fails to indicate whether they provide any money-back features when making deposits.
From their signal services, ThatFXTrader is not able to provide any actual trading results. And this is where we fold our hands with this platform. We could not possibly recommend this signal provider unless they provide real trading results. Investors who buy the signals are buying from a platform that is not tested.
ThatFXTrader is an online course provider and signals provider with no proof of results. And this is the reason we shy away from recommending the platform. Even though they come out as professionals, they know too well that results are what counts. Without any results from their signals, interested parties are risking a lot. They should have the necessary information on how they arrived at their strategy. That is why we are against any platform without actual results on myfxbook for all to see.
Anyone who has used the platform should leave a message and give us their experience. It would help to understand more about the services offered by That FX Trader.
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