Before signing up with this signal provider, read this detailed FX Price Signals (Fxpricesignals.com) review. They promise a minimum of 1,000 pips per month, with an expected ROI of 85 to 90 percent. Such a high accuracy will move some investors to sign up due to the expected win rate. A smart investor will do due diligence and do a thorough investigation on the platform. And this is where our post begins, by enlightening investors more on FXPrice Signals.
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The platform is offering signals on CFDs and Forex assets, which is quite exciting. Their web layout shows a professional outfit is behind the service. From the onset, one can easily navigate the homepage. They have also listed their end goal, which is to offer the best signal services. And this is we start our investigation. Their website also has numerous claims which must be backed by facts. Without facts, all that the platform is selling is empty claims and promises.
On their about us page, the platform claims that they have an easy to understand the signal. They also insist that their signals are profitable if traders implement them on their daily trading. The about us page further claims that a group of experts generates the signals. We have seen this type of sales tags from new and upcoming signal providers. They usually fail to give actual information on the people behind this platform. And this is where they start losing confidence from experienced traders.
There is a welcome bonus offered to anyone who signs up with this signal provider. And this is a marketing strategy used to get more traders to sign up. Users have to sign up for their preferred broker and get the bonus. On clicking on their preferred broker, we learn that the platform is using XM Brokers. Users are expected to sign up with either of the five account types available. They fail to disclose the exact bonus members will get after signing up with XM Brokers.
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As indicated earlier, the platform claims to generate signals from experts. There is no information on the entire platform that shows the people behind the platform. We also would like to inform users that the signal provider could be a copied product. Amateur signal providers will most likely try and mimic an already existing platform. The reason they fail to disclose the people behind it remains a mystery. They also don’t provide any information about where they are located or their trading history.
Client feedback from their members is not found in any trading community. It means that traders have not received the platform. There is no trading history, and this would suggest that no one has yet to sign up. The lack of experience would suggest that they also don’t use social media marketing. This platform has failed to update their posts on listed social media profiles. A closer look at their Facebook profile page shows a shocking reality. Ever since the platform came out two years ago, no post updates have occurred.
The information from a trusted domain checker shows their servers are located in Utah. When it comes to the exact date the site went live, the information says 9th February 2018. It means that the platform has been operational for over two years. This means that the platform should have had some positive comments. They have also made over seven unprecedented changes over the past two years. It could mean that another person possibly owned the site. These developers bought the website to try and buy their online reputation.
They claim to offer consistent FX Price Signals with controlled drawdown. Users are also promised real-time forex updates with risk assessment. The platform also boasts of providing secure payment channels. On their homepage, there is a claim that they are not affiliated with any forex broker. Under the features, the platform claims to be an independent service provider. It could mean that XM Brokers don’t know that their name is used on this platform. Why else would a platform make this huge mistake?
FX Price Signals does not fall under any category of the licensed or signal provider. With no information on their location, it makes it hard to pinpoint the right regulator. And this is why we contacted most regulators in Europe and the United States. All regulators, including Asia and the Middle East, have not heard of this platform. And this means anyone who buys the signals has one risk to face. The platform does not offer any security for their services. No deposit insurance cover is available on their products.
It spells doom as the platform can quickly shut down at any time. If this happens as a result of bankruptcy or insolvency, no compensation plan is available. Any user who buys the product a day before the site crashes will not get any refund. And this is the biggest problem with unregulated entities. Members also fail to get protection from regulatory institutions when it comes to depository insurance. Stay away from such platforms since their whereabouts remain unknown.
FX Price Signals is offering three packages to interested parties. The three packages include one month, three months, and six months package. What the platform offers is beyond ridiculous when it comes to the expected winning rate. They have listed a guarantee winning rate of 85 to 90 percent. And this means that for every trade, there is a guaranteed ROI. It is a false statement that will drive users to make losses. Making such kinds of massive guarantees is forbidden in the trading world.
The contact page has a message board where investors are to leave their messages. One of the most significant setbacks with this method is response time. A member might send a message expecting an immediate reply. The response might come a few hours later or not come at all. It is why today’s signal provider comes with live chat or a phone number. The reason why they fail to post a working phone number for direct calls is beyond us. Ensure you use platforms that have a direct link to the signal provider, communication is vital.
When it comes to the payment options, the platform has this well covered. They have several payment options, including Bitcoin, Neteller, PayPal, Skrill, and others. The only problem we have with their payment options is the lack of proper details on the security of funds. With the site lacking adequate security software, attacks from third parties could prove fatal. Investors might get their banking account stolen, and their credit cards used to purchase online products.
With the exorbitant claims of high ROI, FX Price Signals is failing to provide real results. One expects a professional to post their trading results on FX Blue or myfxbook. Without the trading results, everything on the platform is simply a simulation. None of the expected ROI with the signal provider is real. With no live account trading statement, we simply can’t recommend the use of this signal provider.
FX Price Signals is failing at the most crucial aspect, proof of concept. There are no transaction details to show the signals work. No member has come out with evidence of succeeding with the signal provider. It is because of these reasons that we shy away from recommending this platform.
We only recommend signals that have a proven result statement. The signal provider must show proof of concept, and experts must back them.
Next time you want to trade with a reliable tool, go for authentic forex trading robots. They guarantee the safety and offer a realistic ROI. These robots also protect your investment and at the same time, educating users.
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