Forex Signals Club (Forexsignalsclub.com) is a vendor that provides automated forex signals for all currency pairs. They claim to deliver consistent, reliable trades but does not offer overnight riches. One of their most significant selling points is they claim newbies can easily use these signals and make a profit. And sign up, they have without taking a second thought on how the robot works. The results have left most of them in tatters as the signals rarely come out accurately. What is wrong with this signal provider?
They claim to have launched this service back in 2007 and claim to have a team of experienced professional traders. On their homepage, they have a picture of what seems to be the developer of this signal provider. What they don’t show is whether this developer is genuine or not, there are no documents to prove it. On the homepage, they also claim that the robot is limited to a few individuals. Interested parties are asked to reserve their places now before the product is taken off the shelves.
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Forex Signals Club is, without a doubt, a phony signal provider with no trading reputation. What these signal providers do is offer incredible profit gains to users. We all want to make extra profit, and they take advantage of this need. Once you buy their product, you end up filling the pockets of online scam artists. It is good to read reviews of products before committing to buying. The problem with these signals providers is that they also hire freelancers to market their scam products.
In terms of the signal frequency, this information remains to be known by investors. The trading time is also left out, which means there is a lot of vital data missing. A real signal provider should give users the full details of available services. This signal is using a low-risk trading strategy, which they fail to elaborate fully. They claim to offer copy trading services that go for $97 a month. Without anyone coming out with proof of winning with the signals, it is best to stay away.
Lars and Joshua are the names we see on the about us page as the creators of this signal platform. The story goes that the two met at an international convention and shared the idea. Between 2010 and 2013, they claim three other traders joined the team. They fail to give us the names of these three developers who joined them. Another problem is that the two creators only give their first names. What is sinister about them is that no one seems to know them in the trading world.
There have been no positive comments from members so far. Most of the feedback we have seen are from unsatisfied clients who want their money back. The platform is notorious for blocking any attempt to recover funds. Once an investor buys the product, it is the last they see of their funds. And this sort of business venture is not allowed in the forex trading world. The developers on their part have hired freelancers to post positive comments. Beware of such remarks as the testimonials are made up.
Thanks to domain checkers, one can know precisely when a site went live. The records show that forexsignalsclub.com went live on 28th February 2012. Claims of being in the industry for over 14 years are false. Scam artists will want to buy investor trust by claiming to have years of trading experience. And with domain checker tools, one can know the exact date a platform went live. Their IP address has also changed hands over the last ten years. It is a pointer that the website was used to sell other scam products.
They claim that all their signals can be automatically copied to the trader’s account. There is a promise of profitable trades with the help of a world-class support team. They also claim that all signals are provided on all forex pairs. Other features include having a secure service to use, which is not valid. There are no guidelines on how to use the signals provided, making it hard for naïve investors. They claim that this is a limited offer, which makes no sense. How can it be limited and yet have been in the market since 2012?
Forex Signals Club is NOT Licensed or registered to offer any trading services to investors. They may have been in the forex trading world for long but still have no valid credentials. And this is proof of the risk involved with this platform. It means the platform is not liable to any dangers encountered by the members. Even if the signals are late, they will not be held responsible. And this is why it is vital to sign up with compliant products. They ensure that money-back guarantee features are available.
Another problem with the platform is the fact that there is no license information. One would expect the platform to have a valid license number to show to members. We could not find any license number on the platform, which is a huge problem. Lack of a valid license number proves that we are dealing with a con artist. The product is not able to provide ample regulatory results. Regulators in Europe plan to ban the use of this signal provider after complaints reached them.
Forex Signals Club is leaving a lot to the imagination of traders when it comes to their packages. Although they claim that the signals come for $97 monthly, there are other packages. The platform has listed packages that go for $145 and higher. They believe demo trading is critical to success and urge investors to try it out. The problem with their demo account is that they have rigged it to produce positive results. Even a new trader is seen making huge profits with their demo account.
The signal provider does not offer a one on one communication channel. There is no live chat support where investors can talk directly to a representative. And this is where the problem lies with the robot. It seems that the developers are planning to control the communication channels. The support page does not have any details regarding how well the platform operates. And this is a huge problem. Users are supposed to send an email and expect a reply within a short time. The response does not come in time as victims will testify.
They have provided results of a trade that took place in 2007. Why they fail to produce another trading signal is beyond us. They should have updated their results to help reveal their true nature. These are the main reasons why no one should trust this platform. The platform lacks any credible information to prove proof of concept. And this is why no one should use their signals. They also don’t give users information regarding their trading strategy, which is a shame. Investors are signing up to a platform that hides valuable data.
There is no safety of funds when it comes to an unregulated signals provider. The signal provider is not able to safeguard deposits. There is no way we can recommend the use of such a signal provider. Destruction is the name that comes to our mind when it comes to this platform. No one is safe with a platform that offers no credible information. It is best to stay away from this platform and use industry-recommended products.
Forex Signals Club is a scam that is waiting to pounce on investors. Stay away from it and warn loved ones in the risks of signing up with such a platform.
To protect our readers, we will be adding this signal provider to our scam blacklist. We hope the authorities will take a look and shut down their platform.
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