Forex Specs is an online-based signal provider that aims to generate massive profits for the customers. However, do not be so quick to deposit money from your pocket into the account because you’ll only be making the platform owners rich.
Forex Specs has so many red flags to disapprove all their allegations, and in this unbiased review, we are going to highlight some of the red flags they showcase. However, as you read this to review further, there are legit signal providers that you can rely on to benefit you profitably through their tried-and-tested strategies.
The company claims to go through their Forex signals investors are guaranteed to earn up to 200 pips monthly. The kind of strategies used in coming up with these figures is not known on the platform exposes much murkiness in their methods of operation.
This figure is way overestimated based on the fact that the market faces high volatility. Therefore you cannot guarantee customers constant returns simply because there is so much competition in the market in the market that is not stable at all times.
In the trading world, just like any other business, you may encounter massive losses if you trade unwisely or using the wrong tools. Any experienced investor in the trading world will realize that you cannot promise any customer constant profits on they will avoid this platform at all costs.
Forexspecs.com promises investors that they reach an even bigger success rate and that you are entitled to big with reward ratio. You may be tempted into believing this company is legit and the further claim to reaching up to 1400 pips in monthly profit.
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Customers are promised skillful experience while investing in the platform. Investors are promised through the use of the various strategies they can be able to be transformed into successful Traders.
Based on the platform strategies, they may easily swindle money from innocent investors who do not know anything about Forex trading. Hence skill and knowledge play a considerable role while investing in Forex trading, and you need to apply patience also to expect returns.
The customers are entitled to monthly guaranteed returns and various advantages, including a unique trading system that will always make profits for you. They do not reveal any evidence of past trade actions that the platform has been able to transact successfully.
They claim that the primary strategy of success is trading future trends and that they do not focus on present ones. Furthermore, they claim to have a global scope that covers all trading sessions from all over the globe.
The platform also claims that the signals are generated and sent directly to investors through Facebook and messenger. Moreover, you’ll also receive updates on improvements and mentorship tips you never miss any alert. It may seem nice.
Customers are urged that they can quickly boost the signals generated in the trading account. However, how they can do this is not well elaborated, and they also fail to provide enough information on the sales pitch to earn your trust.
Forex Specs aims to use the mentorship tips that are set to improve your trading skills, and this is just a marketing strategy that we don’t think you should fall for their catch. Investors are also guaranteed precise Forex signals, and the risk to reward ratio is high.
Investors are introduced to the owner who claims to be an individual independent Trader and then enthusiast in the blockchain. The founder claims that he started with real active trading in 2008.
He urges investors that he has been losing trades for the past five years due to the lack of mentorship. He claims that he was tired of losing and decided to come up with a strategy of analysis.
Through his strategies has been able to generator a reward ratio of 1:20. Through his system, he also has able to note the most precise entry point of any trade.
Forex Specs tries to win your trust by providing evidence of satisfied clients. They claim these investors have benefited from the trading strategies under their partner with the customer to convert trading challenges to opportunities.
One Trader even further claims to recommend this software to other customers, yet why he suggests this platform is unknown. Fake testimonies are common, and you risk falling for their catch easily if you do not do thorough research on the software.
Scammers will use stock images, and they provide fake names that do not even go hand in hand to lure you into depositing funds with them. Forex Specs expose similar characteristics, and you should only see them as red flags.
Legit testimonies will always feature the trade link of the resulting trade, and you can easily verify the credibility of this information. Furthermore, without providing any evidence of the trade results, it only showcases some murkiness in the Investment firm.
Forex Specs does not guarantee the funds are safe simply because no investor is seen to withdraw funds from this investment firm successfully. There is no evidence of any past transactions that this software has been able to transact successfully, and you cannot even verify the testimonies.
For you to trust any platform with your funds, you should be able to see past trade evidence of at least three months or more. You do not know the people behind this investment firm, and you risk dealing with unregulated brokers.
Most platforms that expose similar characteristics to Forex Specs usually turn out to be scammers. Transparency should be the first thing you consider before trusting investment in the funds to make profits for you.
The returns you expect from this investment firm are also highly overestimated, and you do not know the kind of strategies used in reaching this figure. You should be able to understand and test the signals generated wire demo account, which is also missing in this platform.
Regulation and Customer Support
Forex Specs owners risk facing criminal prosecutions and are probably the main reason they do not reveal any information that may lead to there whereabouts. Furthermore, various countries have made it mandatory for investment firms to provide regulated services to investors.
Unregulated platforms do not even last for long in the market, and they quickly go out with existence once they meet their target, or there is no traffic coming in. These platforms also risk facing closure at any given time with all your investment funds.
The platform is not recognized by any regulatory body; hence it means they are generating funds from the public illegally. No contact support has been provided to investors in case they have to reach the company for any assistance.
Forex Specs does not provide you with any contact support that you can use to reach them for any query that is related to the platform. Furthermore, there are tried-and-tested legit signal providers that you do not have to go through the hassle of taking risks and their make maximum profits for you.
Investors do not have any information regarding the founder apart from the name, and we do not know the kind of qualification you hold to trust the strategy. The type of algorithm used in analyzing the market and coming up with guaranteed profit is unknown.
We do not recommend this platform to make any profits for you. Unregulated platforms rarely showcase any evidence of transparency, and similar traits are exposed to Forex Specs.
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