By claiming that their signals are constantly on time and profit-oriented, we decided to take a look. Arrow Pips (Arrowpips.com) is the latest signal provider to make bold claims of accurate and profit-making signals provider. According to their homepage, they want their clients to enjoy consistent profits. It means that with this platform, there are no down weeks or bad months. And this is too good to be true, but we have to check them out. Continue reading this detailed ARROW PIPS Review.
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Offering accurate, cumulative, and profit-oriented signals is no mean task. The platform boasts of developing a program that alerts users when it’s time to make a move. According to their services page, the platform offers comprehensive entry and exit points. Arrow Pips is claiming to send real-time alerts via emails and text messages to members. By doing so, they help members maximize their profits as the signals come with detailed weekly analysis. The platform also boasts of having a team of experienced professionals behind it.
Arrow Pips is not a licensed or registered entity, which poses a huge problem. Since the platform claims to be located in Australia, we checked with authorities for confirmation. ASIC does not have any entity licensed under this name. The Australia Financial Services License does not have a company located in Beaumont Street. And this leads us to believe the people behind this platform are a bunch of amateurs. The platform may be offering accurate signals, but there is no regulation.
When it comes to regulated platforms, there comes comfort with the safety of funds. The above entity is not able to safeguard your funds. And this is evident from the complaints from fund management services. The entire platform is leaving users to fend themselves against unforeseen problems. In the event of bankruptcy or insolvency, no member is safe from the platform. And this is the reason why we have to expose the use of this platform. Once you sign up, your funds are at risk as the owners don’t provide insurance cover for deposits.
There are three services offered by this signal provider. These services include Fund Management, Forex Signals, and Forex Training. When it comes to their forex management services, they claim to provide a robust system. A fund management service is an investment option for investors who lack the expertise or time to trade. Forex signals is their main forte when it comes to the forex trading world. During this process, the platform also offers forex training to help users understand forex trading ropes.
Disclaimer at the footer of their homepage suggests that the platform is located in Australia. The only way to make contact is via email, phone calls, or social media pages. With their location comes another huge problem, anonymity. Since the platform claims to be under a professional team, we have no names. And this leads us to believe we are dealing with an anonymous platform. The least they should have done is give us information on who these professionals are.
There are mixed comments when it comes to this signal provider. Most of the users behind this platform are unhappy with the accuracy of the signals. Others claim that the signals are doing fine only that they over-hyped the consistency. The main problem with this platform is its fund management service. Hundreds of users have come out and claimed that it’s a scam. Most of them could not withdraw their funds after the platform made profits. The support has not been able to respond to this claim as of posting this article.
There is concrete proof to suggest that the platform has seven years of trading history. The proof is in the domain checker tools as they reveal the site’s web presence. According to whois.net, the website was created on 9th July 2013. There have been a total of seven changes to their IP address. It goes to show that the owner keeps on updating its security firewall. The good thing about this website is that it’s totally secure. We can see that the website has all the relevant firewalls to protect users’ private data.
The platform offers automated trading signal alerts to its users. Most of these signals have a 60 percent accuracy rate, which is not bad. One problem with their platform is that it lacks consistency. Users have to wait for months before the signals are in check. One user claims that he only gets accurate signals four times in a year. It’s not the accuracy level we expected to remember their hyped promotion. It’s a reasonable signal provider that seems to have over-hyped their accuracy.
Arrow Pips is using three pricing models to kick start their services. These three plans include Trail, Standard, and Professional. The trial package is priced at $1 for seven days. Some of the features with the trial plan include real-time pips and a web-based signal platform. The standard plan is priced at $99 for 30 days. The features of the Trial and Standard accounts are the same. For those who want the professional plan, they have to pay $267 for 30 days. And guess what, the features are the same as other plans.
There’s no live chat to help users with their day-to-day queries. And this is a problem that we must expose as a genuine signal provider must be available 24/7. Once you send an email, the response time varies depending on the user. Some have waited for over three weeks to get a response from the platform. The phone number listed on their platform page is ever busy, which is a huge problem. Such a platform should invest in chat services for proper service delivery to clients.
According to the platform, the platform uses state of the art risk reduction algorithm. The platform claims that their signals must include entry price, stop loss, and take profit. These features must come at three different levels. By doing so, the platform insists that users minimize losses and optimize profits as much as possible. The platform claims to be constantly updating their data to help members make informed decisions.
On their history page, we are provided with trading results from 2017. What we see are the currency pair traded, date, entry point, and results. From what we have seen, the platform has been averaging 700 to 950 pips per month. One of the biggest problems with their results is that they are not verified. There’s no third party such as FX Blue or myfxbook, to verify these results. And this poses a huge danger as the results could be doctored. We only trust results that can be verified by a third-party user.
Arrow Pips is coming out as a professional service provider in the game for a long time. The only problem we have is with regulation and their management service. With several complaints from members, we hope that the platform addresses these issues. One essential role that the platform must perform is producing verified performance and trading results. Without a third party verifying these results, we won’t be recommending them anytime soon.
To fully recommend the platform, the vendor must provide verified results. There’s no way we will recommend this signals provider until they become transparent.
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Our entire team wishes everyone a successful trading period.
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