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ForexSignals.cc Review: Forexsignals.cc Another Signal Scam

ForexSignals.cc Review: Forexsignals.cc Another Signal Scam

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ForexSignals.cc (Forexsignals.cc) is a signal provide presumably from the United Kingdom. After a couple of members were unhappy with the robot, they asked that we investigate it. A closer view of how the robot works reveal some damning details. They offer their signals via messaging chat service Whatsapp. The signal provider promises investors that the signals are manned by experts. This is not the case as a number of their signals are wrong. And this is why you need to read this Forex Signals.cc review for more.

ForexSignals.cc Review

About ForexSignals.cc

The platform is claiming to hail from the UK which is not true according to their traffic. After landing on their homepage, we noticed that they claim to provide forex signals by myfxbook. And this is one of the many problems we noticed with the site. There are dozens of spelling errors that make us believe this is an amateur platform. They also fail to give full details on how they arrive at their signals. And this is why no one should use the services of this signal provider.

When trading the market, it is imperative that you use proven trading robots. These robots offer a more realistic profit margin. They guarantee safety when trading and are a gem for all classes of investors.

ForexSignals.cc is another scam that must be exposed for creating a problem. They are throwing off investors with the claim of a guaranteed profit margin. The market is volatile and making such bold statements is uncalled for. It is one of the reasons why we knew that this was a scam signal provider. The prices change due to unforeseen factors such as boardroom wars and politics. And this is why no one should ever sign up with a platform with no proven results on their hand.

Assets traded by the provider

They claim to be in the forex trading world but fail to mention full signal details. The signal provider fails greatly in regards to trading information. What type of forex pairs they offer signals to is a huge loophole. Investors are signing up to a signal provider who is not clear on their services. And this makes it hard as investors may end up with signals from minor currency pairs. It is the reason why investors should know what they are getting into before making a full commitment.

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Business Owner

The signal provider is trading under the name Forex Signals Inc and claims to be located in the UK. One of the names provided on their platform is Adam Franco who is available for chat. Due to our years of experience, we know that these could be stock images. The robot may not be able to provide full details on who the analysts are. And this leaves a lot of questions than answers. Investors should know who is held responsible for developing the platform and handling funds.

Comments and Feedback from members

When it comes to the comments and feedback we have seen, most are unhappy with the signal provider. They claim that the signals are not on time and the support staff is not available for comment. On their part, they have hired freelancers to post positive comments and posts. And this is a way of ensuring the information is filtered. It gives them a fifty percent chance of sign-ups. A majority of investors signed up after reading initial posts of the signal provider’s success.

Domain/website records

On their about us page, they claim the signal provider was founded in 2014. Records from a trusted domain checker reveal the site went live on 8th October 2016. It means they started selling their signals two years after the initial set up. This means they have been selling the idea that they have been around for a while. The truth of the matter is these scam developers are nothing but pure scam artists. They want to buy investor trust by claiming to be around for over four years.

Features of ForexSignals.cc

ForexSignals.cc Features

This is a trading signal provider that claims to have been established in 2014. The minimum price per month is set at $99 which is unfair as it does not work. They also fail to disclose the strategies used to arrive at these signals. Investors should be able to know the strategies used by signal providers. It means investors are signing up and using strategies that have not been verified. The signal provider may be using other strategies from failed products on the platform.

License and Registration of ForexSignals.cc

ForexSignals.cc is an unregulated signal provider whose details remain unclear. To try and check their compliance issue, we reached out to the Financial Conduct Authority. The FCA has no signal provider licensed under this name. And since the signal provider claims to hail from this region, their location is false. Details from the domain checker reveal most of their traffic is from the United States. This means they should have a valid license from concerned authorities, right?

The National Futures Association does not recognize this signal provider. And this means they are not in the business of transparency. Lack of a valid trading license means they are operating under false pretense. The problem with such platforms is that they don’t insure funds deposited by clients. After depositing funds, it is the last you will see of it. Even if the signals don’t come to your phone, you will not be able to get a money-back guarantee. And this is another reason to stay away from this robot.

Limitations of ForexSignals.cc

Account Packages

ForexSignals.cc is offering four packages to investors based on monthly subscriptions. These subscriptions are monthly, three months, six months, and annually. The fees start from $99, $267, $396, and $598. We have a problem with the account features as they all seem to be the same. Why would an investor pay for an annual subscription and get the same features as one monthly? These are the reasons why we believe no one should use the robot. There is no advantage over any package.

ForexSignals.cc Account Packages

Contact and Support

Adam is the person who investors get to talk to on the chatbox. We are sure that this is not the guy who claims to be the owner. In one review, we saw that Adam is claiming to operate the whole website. If this was the case, why won’t he allow users to call him directly? On the Whatsapp channel, he insists that he doesn’t take calls from members. And this is rude as it seems he wants to control the communication channel. He calls you and not the other way round.

Results and Trading Strategy

They claim that their results are verified by myfxbook but fail to show proof of it. And this is a huge problem as they are using a reliable platform to entice investors. It would be ideal if the platform offered real trading results instead of using the myfxbook name. Another issue we have with the robot is the lack of a clear strategy statement. They do not provide any information regarding their strategies. We don’t know whether they offer one or a number of trading strategies on their platform.

Safety of funds with ForexSignals.cc

The security of funds is not guaranteed by a platform that is not regulated. They fail to offer any valid trading results which are concerning. A genuine signal provider will offer proof of trading results for all to see. Their signals also have a delay time in some cases making users place the wrong trades. The website is also a huge problem as the signal provider lacks ample security software. When purchasing the product, hackers may hijack the transaction process and steal credit card information.

Scam or Legit ForexSignals.cc

ForexSignals.cc is a scam signal provider with no way of verifying their results. Stay away from the robot is you want to stay safe. Mark their email as spam and don’t sign up with any of their affiliate programs.

Final Thought

To protect our readers from such a signal provider, we will be adding them to our scam blacklist.

Stay safe and use forex trading robots backed by experts. They offer safety for your investment and a realistic profit margin.

Try them out today and start seeing your account grow at a steady pace.

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