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Direct Forex Signals UK Review: is It a Scam?

Direct Forex Signals UK Review: is It a Scam?

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Direct Forex Signals UK is a popular Forex signal provider based in London. They claim to have 8 years of trading experience and believe that both theory and practical applications help independent traders find success.

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Moving forward, the team, who can be found at directforexsignals.co.uk believe that their signals have a win rate of 89%-93% and can help take traders of all levels from zero to hero status. Just in case you don’t know the relationship between win rate and success, you should read this article on why a high win rate does not necessarily mean that a trader is successful in Forex trading.

Moreover, our average win rate is about 73% but I can assure you that our signals out-perform those of Direct Forex Signals UK, despite their alleged 89% win rate. In fact, I’ll be looking to find proof to support the alleged win rate of this signal provider later on in this review.

The homepage of Direct Forex Signals UK even proclaims that they are the market-leading Forex signals providers. So the question is:

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Is Direct Forex Signals legit? Can we rely on Direct Forex signal reviews which are all over forums like TrustPilot, or is this an attempt to mislead traders through false PR?

Direct Forex Signals UK Review

In this Direct Forex signals UK review, I will walk you through the site as we conduct a thorough analysis of the service.

Now, the negative Direct Forex Signals UK reviews are extremely disturbing. They confirm my doubts because when we look at the official website, we find that the vendor did not even verify their trading results in a transparent way.

The signal provider does not introduce traders behind the scenes and we certainly don’t know who operates this service. Perhaps they think that this information is not useful but in reality, it really is. As a trader, you want to trust someone who can give you a complete introduction of who they are, how long they have traded and whether or not they have a verifiable track record of successful trading.

The site also claims that they have over 3000 active members and that we can get started in under 30 seconds. They have 3 different plans under which traders can sign up for their signals. The first one is a monthly subscription plan which costs £25.

The second one is a 6-month subscription plan costing
£85. The third one is a 3-month plan which costs
£55.

To get started with Direct Forex Signals UK, traders need to choose any of the signal plans, then pay using Credit card or PayPal. Once they receive an approval within 30 seconds, they can receive up to 12 signals per day regardless of the type of plan they have subscribed for.

All of the signal plans use Whatsapp for dispatching of live signals with clear Take Profit and Stop Loss. The team is promising 89% win rate but my thinking is that if they can’t show us proof to support their claim, then you are better off not keeping your expectations high.

Direct Forex Signals UK courses

This course goes for £49, one-time payment. The vendor claims that this is a foundation course that teaches every aspect of Forex trading from risk management to how to create a profitable Forex trading system and analyze other systems as well.

The course gives access to an exclusive Facebook group. Updates are offered free of charge.

Trading performance

This is where we get to test the claims made by this team. So far, what I can see is a graph showing returns in percentage since July 2016.

According to this graph, monthly returns have been increasing from 4.04% to 90% as of September 2018.

One thing you can ask yourself is why there are no up-to-date results for the months of October, November, December, January, February and March.

Furthermore, this presentation is very disappointing since the kind of results which Direct Forex Signals UK is providing here has not been scrutinized by a third party for accuracy.

In this age, signal vendors can simply create an account with a statement sharing service like myfxbook.com to showcase their work.

It is so easy to do so. We do not understand why most signal vendors lack transparency. It is very common for a signal vendor to proclaim a very high win rate while failing to prove their claims using a third-party verification platform.

We generally do not trust such vendors, and Direct Forex Signals UK clearly falls in this category. Having said that, we need to find out what other traders have to say about this service in the reviews forums.

When looking for Direct Forex Signals UK reviews, the place to look for these reviews is TrustPilot where people have raised mixed opinions regarding their experience with this service.

When we look at these reviews, we develop a feeling that the positive reviews have been doctored while the forum moderators failed to detect the deceit.

Now, the negative Direct Forex Signals UK reviews are extremely disturbing. They confirm my doubts because when we look at the official website, we find that the vendor did not even verify their trading results in a transparent way.

It’s quite the case with most signals vendors which we have reviewed here before. These include Signalator, Ace Forex Signals, Forex Spotlight, Signal Start and many more

Our best advice for you

When it’s cheap, it must be costly at the end of the day.

If someone asks you for £49 in order to sell you Forex signals for 30 days, then clearly something is fishy. A reliable and legit Forex signal provider will never charge peanuts to deliver such a service. Forex trading is one of the hardest skills to master and if you can crack it, you definitely won’t charge
£49 per month. Will you?

For that reason, we have worked hard on this website to come up with a list of Forex trading resources. You should pick any of the products recommended on that page for your benefit.

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