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Copytradeprofitfx.com or CTP sells Forex education and signals for a variety of price points. On the sales page of CTP, they disclose that they are a group of traders with several years of practical experience in the market. Their trading strategy involves utilizing both fundamental and technical analysis tools to come up with Forex signals which they believe will help their clients achieve success in the Forex marketplace.Forex Trading
Unfortunately, Copy Trade Profit FX does not disclose who these ”talented” traders are. That means we cannot establish how long they’ve been trading. Their professional profiles are also impossible to find. We believe that this anonymity is doing a great dishonor to the vendor because most traders today want to work with signal vendors who have a strong proven background of successful trading. If this background cannot be confirmed, then it’s simply not worth wasting time and resources on such a signal vendor.
So the question that most people are asking is whether Copy Trade Profit FX can be trusted to deliver what they say they will deliver. It is just not enough to say that Copy Trade Profit FX will deliver Forex signals and that their methodology involves fundamental and technical analysis. Some specifics here would be a good explanation to give.
Note: Best Forex robots to trade with.
As it currently stands, Copy Trade Profit FX has not fully disclosed who they are. Their sales page is only telling us that they are offering Forex signals and education as well.
There are two Forex courses in total. These are beginner Forex course and Millionaire Forex course. These can be downloaded from the site once payment has been confirmed. The vendor, however, warns that there will be no refunds for either of these courses since they are digital materials which once consumed cannot be returned.
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For the Beginner Forex course, the price is 150 EUR, which also gives us a clue that this Forex signals vendor is based out of the UK. With this course, students are taught how to set up their broker accounts, understand the markets and place trades on their smart phones. These are the key notes on the features of the course as listed on the website. On the other hand, the Millionaire Forex course is being sold for 99 EUR and is offering free Forex signals for the first 3 months of purchasing the course.
With this course, Copy Trade Profit FX claims that they will give members access to their community forums and training videos. The community of traders here are allegedly active and will help the learner gain insights on trade setups and charts among other things.
They claim that the price of this course is only for a short time period and that it will be raised. The value of the course is based on the understanding that you will make money with the course day in and day out. Apart from these two courses, Copy Trade Profit FX is offering 3 signals plans.
The first signal plan is called ”Forex package using PayPal”. This package costs 50 EUR a month and is promising to deliver up to 6 trade alerts each day, up to 600 pips a week, trade updates throughout the day and TP and SL levels respectively.
For the VIP Forex page, the subscription cost is 80 EUR/month and it offers the same features as in the first investment plan. However, the vendor claims that this package is for serious traders who want to trade full time and are looking for professional help. So maybe Copy Trade Profit FX is looking to provide additional value in this package.
Finally, the last signals plan requires a subscription of 225 EUR every 6 months. The vendor claims that this is a discounted price as normal price would be 350 EUR instead. Looking at the features of this product, we find the same thing. There is no extra-ordinary feature whatsoever.
And of course Copy Trade Profit FX is recommending brokers who provide leverage of as much as 3000/1. You do not need this kind of leverage as you will quickly lose your money even with professional help. By the way, trading with high leverage is never encouraged as it contributes to high risk trading and careless management of trading capital. If you do not want to expose yourself to those things, ensure that you are only trading with as reasonable leverage as possible.
They’ve also provided a UK phone number and email address on their site. This is to offer support to visitors of the website. We don’t know how well their support responds to client queries and concerns. However, giving a phone number is a good gesture as people can call in any time to ask questions or get help.
Unfortunately, Copy Trade Profit FX is not giving us any verifiable trading performance to look at. We wanted to see whether these people have proof of their trading performance since they claim to have traded for a very long time. Experience in trading should be proved through a myfxbook account which tracks trading results for the number of years they claim to have traded.
Because this information is absent on their site and they are expecting their clients to somehow believe their alleged trading performance, we are not quite sure whether to go ahead and rate them well.
They should be able to confirm to us that this trading performance can be proved. We neither want to see numbers nor claims that they are experienced in this task when there is nothing to show for it.
Copy Trade Profit FX is yet another signal provider out there who doesn’t seem serious about their job. They appear to be doing this just to make quick bucks as there are no trading results to prove their claims. They are hoping to subscribe inexperienced people who want to get into Forex trading. The best thing you can do is trade with these robots instead.
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