Forex Pips Signal Review: is this a Scam?

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Forex Pips Signal Review: is this a Scam?

A reputable signal provider should be transparent, to know more read this detailed Forex Pips Signal ( review. They claim to sell trading packages at $10 per week. The signal provider also boasts of providing free pending order signal updates. Free signals are not as free as the vendor suggests, as they could cost you more. For those who don’t want to buy their signals, one can steal their free signals. The only problem is that the vendor rarely updates the free signal section.

Forex Pips Signal Review

About Forex Pips Signal

After landing on their homepage, a lot leaves to be desired, especially with their design. The page has a lot of general information all cornered in one place. It makes it hard for a user to navigate the entire homepage. Before reading all the material, one might get tired due to the stocking of information. And this is one of the reasons why a majority of investors have ignored using these free signals. The developer should have come up with a more professional design to try and entice investors.

Pros of using the best automated robots

Here are the reasons why everyone is turning to forex trading robots and turning away from non-paying HYIP programs

  • Automated trading

These robots offer automated trading that’s different from other users. You need to go for trading robots that offer much in terms of automation.

With automatic trading, the bot does all the heavy lifting for you. And this gives you an idea of what to expect with some of these trading robots.

  • Quick to make transactions

These are some of the fastest trading robots that offer quick execution and one-time click trading solutions.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

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You don’t need to stare at the screen for long and closely monitor the markets, the robot will do this for you.

  • Best in Class crypto trading solutions

These are some of the best crypto trading solutions the industry has to offer. Seen by most as best in class, the robots do offer better performance than conventional means.

Tested and proven to work, most of the listed robots actually hit the 86 percentile when it comes to consistent monthly profits.

  • Available for testing

You don’t have to buy an unknown product, these robots also come with demo versions that can help you better understand how they work.

Traders can also use these robots when trading with MT4 demo to find out how effective and successful the robots are.

  • Easy access to market tools

These robots come well equipped with market tools that offer users the best in terms of authenticity.

You have an easier time using these robots as they offer more than just an enticing interface. You get to trade with some of the best tools while you learn.

  • Dependable

Forex trading robots are reliable than other forms of earning ROI. These robots are certainly better than HYIPs.

Forex Pips Signal is not in the business of offering any real trading advantage. They use the free promotional line to get as many users hooked to their services. There is nothing for free in this world. And this is the reason why some investors are unhappy with their signals. They claim that the signals are inaccurate and cost them during trading. The accuracy of these signals is also in question after users failed to get the 95 percent accuracy level. And there’s more to this free signal provider.

Alerts from the signal provider

Forex Pips Signal Features

They claim that their signals are dispatched one to two times a day. The quoted accuracy level is 95 percent, which is another suspicious claim. Such a high accuracy from a free signal provider is beyond imagination. If the signals were this accurate, the signals would come at a high price. All traders would, by now, use the signals to get ahead of the trading world. It is not the case as a majority of users are not happy with the outcome. And this is the reason why users should pause before signing up with the platform.

Available currency pairs

Forex Pips Signal is offering four currency pairs on their platform. The four currency pairs include EUR/USD, USD/JPY, GBP/USD, and USD/CHF. Take profit and stop loss is quoted differently on each currency pair. Interested parties have to check in with the website to see the quoted amount. Users can get these signals via SMS or email, and the vendor claims that this too is free. A one week SMS signals package goes for $10, and this is only in trial mode. The standard SMS package goes for $60 per month.

Background and history of the signal provider

On their homepage, they claim that the platform was created in 2005. Records from the domain checker point to the exact date the website went live. As for the actual people behind this platform, there are no precise details. The developer and vendor remain anonymous, which is a clear violation of the user’s rights. A client should be able to know the details of who created the robot. They should be able to see the person accountable in case the services don’t work. And this is another problem that needs to be addressed by the robot.

Comments and feedback from clients

There have been no positive comments seen on behalf of the platform. It seems that the signal provider has no social media presence. And this is a problem on its own as the trading world does not know that this platform exists. The developers could be targeting a particular type of investor. In most cases, such signal providers target naïve investors who are looking for new ways to trade. And this is why an investor should investigate a platform before committing any funds.

Domain insights

A closer look at the domain information of this website reveals a shocking fact. The exact date that this platform went live was on 6th February 2020. It means that the platform is barely a year old, and their 2005 claim is a hoax. These unknown signal providers try to create their online presence, which is not helpful. Thanks to domain checker tools, we can see when precisely a platform went live. And this shows that the vendor is trying to create their online reputation, which doesn’t work.

Features of Forex Pips Signal

Forex Pips Signal Available Packages

Some of the notable features on the platform include sending Buy/Sell alerts via email. Other features include four currency pairs traded; three buy signals package and entry price. Take profit price is also available with claims of updates on the stop loss. They also claim to offer live chat support, which remains to be seen. The vendor claims to provide signals instantly and a guaranteed win rate of 95 percent. As we stated earlier, the win rate is out of this world and should not be trusted.

License and registration of Forex Pips Signal

Forex Pips Signal is not licensed or registered to offer any trading serviced to the public. The platform’s headquarters remains unknown, which is a huge problem. An anonymous online investment option is bad news for investors. Without a clear description of where they are located, regulation becomes a problem. We checked with various regulators in the industry to try and confirm their status. With some of their clients hailing from the States, we headed to the CFTC and NFA for details. Both of these regulatory bodies have not heard of this platform.

And this leads us to their next disadvantage, the security of funds. The platform does not secure funds deposited by clients. Once you deposit funds with this platform, there are no money-back guarantees. Clients don’t get any insurance cover for their deposits. After depositing funds, the signals might not work, and there will be no compensation. It is one of the biggest challenges with unregulated entities. Smart investors use tools that protect their investments at all costs.

Available packages/Prices

Forex Pips Signal is offering users three packages to choose from. The three packages include Trial, Standard, and Premium. For those looking to trial the signals, they must deposit $10 to get signals for a week. Standard account holders must deposit $40 per month and get email signal alerts. The last package is Premium, which goes for $100 for three months. When it comes to signal packages via SMS, standard membership goes for $60 per month. The Premium membership plan is $150 for three months.

Payment options

There are over five payment options listed on Forex Pips Signal. They include MasterCard, Neteller, PayPal, Perfect Money, Skrill, and WebMoney. The platform only accepts payment via the US Dollar currency. It is not clear whether the payment process is secure since the site is not SSL encrypted. And this leaves a huge hole to fill for users. The payment process can open up investors to online card fraud. Hackers will try to steal credit card information from secure sites.

Scam or Legit Forex Pips Signal

Forex Pips Signals is not precisely a scam, but it is undoubtedly an unregulated entity. The problem with this platform is that they fail to give any valid trading results. They only provide a chart of the performance details of the four currency pairs. Although the performance chart is continuously updated, there is no way to prove legitimacy. The platform would have done us proud if they posted their results on third party sites. They should have provided their results on sites such as FX Book and myfxbook.

Bottom line

We will not be recommending a platform without verified results. Although the signals are free, interested parties should tread with caution when using this platform. Ensure withdrawals are possible before committing fully with the signal provider.

These robots protect your investment and give valuable trading information to users. Try them today.

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