Forex Strategy Secrets (Forexstrategysecrets.com) review is out after users asked us for a dive into this service provider. The platform is offering a 15-5-1 Forex trading course and trading room experience. It is their main selling point, and since it’s our job to educate our readers, an investigation was conducted. The research was to determine whether the platform is transparent. We had to check whether the service provider was transparent in their dealings. Read this entire post and find out what our research revealed.
Jed Norwood and kirk Norwood are the brains behind this trading guide. With similar names, we believe that this is a family business. They claim to offer the most effective and simple trading strategy. Users get the promise to make positive pips each day thanks to the strategy used by the vendor. The vendor claims that they provide the exact strategy that they have been using to trade. From the initial look of things, the platform seems to be heading in the right direction.
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Forex Strategy Secrets is quite impressive when it comes to selling their merchandise. They have a presentation that makes you want to jump in and sign up. Before you do so, there are a few issues to iron out. The developers of this platform are using misleading location information on their site. They both claim to be located in the United States and have a UK phone number. The contact details show that the platform is located in the UK. Furthermore, the company is not on Google results.
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Freedom Investment Group Inc is the company behind this platform. A closer investigation reveals that Jed and Kirk are using the company name to throw off investors. We checked with various company registers and could not find the listing of their company. The companies register in the United Kingdom, and the United States has no such company registered under them. And this goes to show that there is something amiss with this trading platform. And it is why we had to dig deeper into this mentorship program.
On their about us page, both these men come out as experienced online traders. Jed claims that he wanted to be a go-getter at the age of seven. He knew what he wanted to be and would not allow himself to work for anyone. His father introduced him to the stock market while he was 25 years old. And this is what changed his lifestyle and attitude towards a luxurious lifestyle. Kirk Norwood is the founder of Forex Strategy Secrets and Forex Trader, Mentor. One can easily spot the lies on their about us page.
The company claims to be in existence for over 15 years. Thanks to domain tools, we can boldly refute this claim. It seems that these gentlemen want to try and buy their online reputation. For over fifteen years, we have not seen a satisfied client. Positive comments and feedback are hard to come by with this platform. And this shows that their program has not been received well in the online trading world. The reason for this is unclear, although we believe traders already knew it was a fraud.
Their domain history is out in the open for those who want to verify their online existence. A trader’s reputation relies heavily on how long they have been trading. It shows your background and the total number of online trading experience. The domain checker shows that we have been dealing with a site that went live on 29th March 2007. It is clear that the site has been online for thirteen years and not the fifteen years quoted. The platform has made over 25 changes on their servers. It means that the site was used to peddle other forex related products.
The platform is selling three services to investors for a price. Their main product is the 15-5-1 forex trading course. The second product or service on sale is access to the Norwood strategy scanner and trade room. It is what they refer at the Pip club to those interested in checking it out. The final product on their roster is getting lifetime updates to course materials and Norwood strategy scanner. Jed has been facing severe allegations over his negative comments on the FPA forum.
With the platform claiming to be in two jurisdictions, we checked with regulators in the region to confirm their status. It turns out that any official regulator does not yet license forex Strategy Secrets. The CFTC, FCA, and NFA have not heard of this platform. What they indicated was that the owner was under scrutiny from the FCA. The Financial Conduct Authority is planning to ban the use of this platform. There have been numerous complaints from investors in that region concerning Ned’s products.
Any platform without a valid trading license is not good enough. There are several problems associated with unregulated platforms. The biggest of them all is having a platform that is unsecured and risky. Investors who deposit with this platform will have a hard time recovering funds. There is no money-back guarantee feature mentioned on the platform. The deposits made do not get insurance cover from the developer. It means that the risks of losing money are high than the projected income.
Forex Strategy Secrets is furnishing users with three plans. The 15-5-1 trading course is their main selling point. Norwood scanner strategy is the second product they are selling. Lifetime updates to course materials and the scanner strategy are their final product. Users have to pay $100 per month, $500 for six months, and $900 for a year. For investors who want to have lifetime access to these products, they have to pay $1,800. And this is the reason why investors should be wary of this platform. They charge exorbitant prices for non-existing products.
To contact the vendor, one has to send an email or make a call. They have provided a phone number with a UK phone code. It should be clear that the vendor claims to be located in Seattle, U.S.A. How they have a UK address is astonishing, especially knowing they should be targeting US traders. It is a clear sign that these developers are using a virtual phone number to dupe UK traders. And this is another concrete reason to stay away from such a platform. The lack of transparency is evident from the word go.
The problem with this platform is that they fail to come up with concrete proof of their success. It would be ideal if the platform offered investors proof of their concept. With over thirteen years of existence, there has been no concrete proof. And this is the reason why we have to shy away from the platform. These online products should give exact validations as to why they work. Without proper verification from a trusted third party, we won’t be recommending this platform.
Forex Strategy Secrets is a promising trading tool, but they should work on their delivery. They used to claim to double your deposits within 20 days. If this were the case, we would all be using their strategies. There is no proof that they have done so even in a single account. And this is why we believe they are a risk to investors. We also don’t understand why the developer fails to share his trading results. It is a sign that he is not confident with his strategy.
We won’t be recommending any of his products due to the risks involved. For those who have experienced his strategies, do share your experience.
The best option is to go for reliable forex trading robots with a proven track record. These robots are the best when it comes to online trading. Take a step in the right direction and choose authentic robots that protect you every single step of the way.
Our team wishes all our readers a safe trading experience.
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