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Blue Mind FX Review: Is this a Scam?

Blue Mind FX Review: Is this a Scam?

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Blue Mind FX claims that they can show you how to make serious money using your phone. They claim that they are trading quality signals and that their customers can never look back once they subscribe for the Forex signal service at bluemindfx.net. The person that runs this website is allegedly called Richard. He has only introduced himself using one name and claims that he is a professional trader who sells quality signals at an affordable cost. In addition to this, Richard claims that he is also offering educational content for those who want to learn trading. In addition to this, they claim that they have been trading for the last 4 years.

blue mind fx

Richard tells the community that he comes from Gorgeous Eastern Canada! This signal service sends out between 1 and 4 trading signals every day. The owner of Blue Mind FX claims that the number of signals which they are sending out depends on market structure and trading opportunity. They want us to know that there is no minimum deposit for getting started with their Forex signals. This is what the sales page claims regarding the issue. ”Your Minimal Deposit should be capital you do not rely on. The reason being is that it will take emotions out of the question and clear your head while trading.”

In addition to this, Blue Mind FX also claims that their signals will grow your account balance by 20% every week. This is what they claim on the sales page. ”Depending on Market Opportunities, we aim for a safe 20% account increase per week. You will also get Free Education, tips, Chart analysis, 24/7 Support and much more.”

We want to find out whether there is proof of performance on a myfxbook account or at least a month’s trading statement to prove so. On top of this, Blue Mind FX is also offering access to a free channel where traders can test up to 3 free premium signals in a week. If this looks like something you want to try, our advice is that you should make use of this free trial although you must also know that one week is quite a short period of time to make conclusions. Otherwise, if you do not want to waste time, you can go straight to these trading products.

Blue Mind FX review

The company was first established on October 10th, 2018. Outside of this information, all we know is that the head trader is named Richard, who aims to “provide quality Forex signals at the lowest cost.” There are no details provided about Richard, so we have no insight into his trading history, or reliability when it comes to the Forex marketplace.

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In order to get in touch with support, traders need to cite the service, and then that will get access to telegram. Richard claims to provide all the support on his own. It’s also quite apparent that the Blue Mind FX signal service is a one-man outfit. This makes Richard from Eastern Canada, a trader who claims to have 4 years of trading experience extremely important to your personal success, if you are using the service. That being said, we do believe that Richard should provide much more information about his trading history, and provide examples so that we know more about this trading approach.

Signals are provided via telegram directly to your phone. While Richard doesn’t tell us when the signals are provided, we would have to assume that due to his Eastern Canada location, that he trades the New York session. This information would be valuable before signing up, but there doesn’t seem to be a contact page on the website before purchasing.

Blue Mind FX Trading Strategy

Richard doesn’t provide us with any real detail about the Blue Mind FX methodology.

All we are told, is that the signal service provides “between 1 to 4 signals every day, again, depending on market structure and opportunities.”

Obviously, we would like to see much more information than we are seeing, as the best Forex signal services in this market generally delve into much more detail.

So far, the best part of the Blue Mind FX service, is the low price of $20 per month. Richard advertises his signal service as one that is simple, and straightforward. While he may not be the most experienced trader on the market, he is not charging an exorbitant price. So, it’s worth noting that he is pricing himself adequately within the market.

This isn’t a recommendation, but it’s good to see that the vendor isn’t overvaluing what he brings to the table. This is rare, and not something we’ve seen recently in our reviews of Golden Option Trading and FX Premiere.

Blue Mind FX trading performance

In terms of profits, the Blue Mind FX sales page aims to safely increase their clients trading accounts by 20% per week. This is a very aggressive claim, which is certainly in line with their other aggressive claim that the service averages 300 to 500 net pips per week. So, while Richard is honest with his pricing, he doesn’t seem to be as honest when it comes to trading results.

The reason we say this, is because the vendor provides no trading results. There is only one image of a trading screenshot from Aprtil 10th, 2019, where Richard won 8 XAUUSD in a row. If this service wants to be taken seriously, they need to upload their trading statements to Myfxbook and prove that they can truly hit the numbers they are promising. A single screenshot from a few months ago just doesn’t cut it, even with the low price.

Our best advice for you

At this point in time, we simply are able to recommend Blue Mind FX to the Forex Robot Nation readers. While we do appreciate the simple nature of the website, and the $20 per month price, but these aspects don’t make up for the lack of transparency when it comes to trading results. Stick with these trading products because they are at least providing proof of successful trading. So you are not buying blindly.

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