ACLS Global Limited is a company that owns the website aclsglobal.com and claims to provide Forex trading signals and copy trading services to traders. The vendor claims that their company was founded with the principle of bringing together a team of experts from the retail and institutional market. The website is headed by ”renowned” Forex Analyst Marshall Gittler and other analysts from around the globe. Because of this combination, ACLS Global believes that their business is boasting of 6 decades of analyzing and trading the currency markets.
The team behind this website also believes that their service is leveling the playing field in the Forex market by providing short term gains that leave the bulk of pips into the traders account while charging using an innovative and progressive system. We honestly do not understand what this jargon means and we certainly know that those who read such kind of an about us page will not bother to go into details.
The signal vendor claims to charge competitive and fixed fees for their signals. They have multiple subscription plans under which traders can subscribe. On top of this, the vendor also has a mobile app which they use to provide signals for up to 21 Forex pairs. They tell us that their signals are dispatched after their experts have done their fundamental and technical analysis. In addition to this, the vendor is also providing Forex education courses. They believe that their application enables traders to utilize trading tools, market intelligence, and algorithms that were only previously only available to financial institutions. In another part of the website, they claim that ACLS Global Limited has put together a First Class Package that takes into consideration all the interests of the traders that employ it.
As you can see, the vendor is trying really hard to show us why they are the most qualified signal vendor on the internet. However, there is still a feeling that something is lacking and as we go further into this review, we will definitely come to a point where we discuss things that had been left out by the vendor and hopefully if those things are a real concern, we can always call the vendor through this review to make the necessary adjustment or risk losing potential subscribers forever. In the meantime, we are asking those of you who are looking for good Forex trading signals services to check out this page because we have prepared some decent Forex trading tools worth checking out.
This signal vendor’s website appears to have been professionally created as the color scheme and design isn’t that bad. They are also offering a live chat facility through which interested traders can contact them if they do not want to use email. The official email of this vendor is [email protected] but they can also use ACLS Global’s contact page to access the inbuilt contact form for this purpose.
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Unfortunately, there is no disclosure of where the company is based or even the people who analyze and send out signals with Marshall Gittler. In addition to this, they claim that their lead trader is famous but in our opinion, we do not think he is because even his trading records cannot be seen anywhere. That means we cannot verify his trading background and therefore the suitability of their signals cannot be gauged unless they can provide us with some proof of performance. We hope this will be the case later on in this review because as you already know, we never endorse any trading services that fail to present satisfactory trading results.
Actually, we are shocked to find out that there is only one signal package as opposed to multiple signal packages. The one package costs $39 per month and the vendor also tells us that the signals in this plan are medium risk in general. In that sense, we should also expect medium profits.
This signal plan has between 40 to 50 signals every month, meaning that in every week of the month, we can expect at least 10 signals. The monthly return to expect is somewhere between 7 to 10%, which isn’t a bad figure because most profitable signal services yield this kind of monthly return. If they had claimed that their signals yielded a return of 50%, it would have raised eyebrows.
However, we also realize that their signals have a poor risk to reward ratio as their take profit is 15 pips while stop loss is always being set at 45 pips. This simply means that out of 5 trades, we will need to win at least 4 trades in order for us to make money. Otherwise, if the wins are less than 4, there is a chance that we will lose money or break even. Generally, we do not encourage this strategy of trading because most traders who use this strategy don’t last long in the Forex market place. This is, therefore, a real concern as far as Forex trading is concerned.
The vendor also briefs us about the minimum balance that we should have in order to profitably trade their signals. This is anywhere between $1000 to $3000. However, there is a warning on the signal page. The vendor does not want us to use a market maker or a scam broker because they claim their signals will always lose money if we trade with a market maker. They want us to use a true ECN or STP broker.
They have included a page showing their past performance. We can track their performance starting 2018 where they show us profits and consecutive losses particularly in the months of August, September, and October. While having a performance page is better than nothing, we don’t trust these results as they can be manipulated. We prefer that ACLS Global and other signal vendors should use a third party statement sharing service like Myfxbook.com.
ACLS Global appears to be a very professional signal provider based on our initial impression. However, we can’t include them in our list of recommended services yet.
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