FX Renew Review: Is a Scam?

FX Renew Review: Is a Scam?

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FX Renew it’s a premium Forex signal provider that was created in 2007 and claims benefit investors profitably through their trading strategies and signals ever since. The company promises investors that they provide professional assistance in Forex trading.

They boast that since their existence, they have been sending the trade signals to banks and hedge funds and that now the services are available to regular traders. They also claim to provide chart analysis, but that helps you in minimizes the risk you encounter while trading.

The aim at keeping the platform simple and that you can make fast decisions either by buying or selling and that the signals are generated every day. FX Renew claims to have 20 hours of video on how to build winning Forex trading systems.

Furthermore, they claim that you can learn the technical analysis through the videos they provide; there is no evidence of any investors seem to benefit from their techniques. Meanwhile, you can benefit from legit signal providers which are user-friendly and straightforward.

FX Renew Review, Platform

They also claim high consistent accuracy in their signals since 2007. However, they do not provide any trade evidence that you can use to prove any trade is taking place in this investment firm, and this is a major red flag.

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IQ Mining Review boasts that their signal comes with entry and exit levels and that you take advantage of and benefit profitably. The company tells investors that since 2015 the founders Steve Lucas and Allen Collins provided premium Forex signals to retail traders through this website.

However, you cannot prove that the names provided are the legit company owners and the names might just be made up, and you do not know the kind of qualification they have to trust their signals. They claim that they have various training because it’s that investors can use and boost their trading strategies.

The courses and videos are available to investors who want to learn upon completing sign up. The boast venturing in 25 markets and they trade in various pairs and even assets such as oil gold and bonds. Signals are generated before the London open and that you can receive them daily weekly and also quarterly based on your preference.

They charge the cost of educational courses provided in your membership and that you do not have to purchase the tools after membership fee. The company uses an instructor the name Sam Eder who claim to have experience in the trading world for a long time.

They urge investors that the instructor has been trading in 10 global Banks in Australia and Singapore and that he’s been able to enroll 30000 investors for his trading techniques. He urges investors that he works on market types and exit has been published in the market.

FX Renew only provides this information and no evidence to support this allegation is available. Legit signal providers investment firms always will provide you with valuable tools that are worth your money and they provide legit signals.

Not only do they provide Sam Eder as the instructor, but they also have guest instructors, but you can also learn from yet you’re not sure you’re dealing with trained instructors. The kind of level of education they hold is not known, and there is no evidence of any instructor customer benefiting from there trading methods.

FX Renew teaches you methods of becoming consistent profiting day trader and that you learn how to use technical analysis, scaling and order management. Each instructor will show you a unique technique that you can use to beat the competition in the market; they did not provide proof of the same.

Investors are also entitled to two bonus courses offering advanced technical analysis and Forex fundamental mastery. The testimonies should not lure you into depositing a single coin in this investment firm because no investors have made any profit through their techniques.


FX Renew, you suspect testimonies that you cannot verify are legit of happy investors who claim to benefit from their trading strategies. They also use positive reviews as the marketing strategy to tempt you into depositing money in the platform at the method of operation contains some murkiness.

One of the alleged investors even claims that is blown away by the instrument they provide and that it’s empowering and profiting. However, no name has been provided of this investor so that we can follow up on the kind of strategy used and verify the credibility of this information.

Investment Plans

FX Renew offers various investment plans that you can use and benefit profitably. However, for you to access the free trial, you have to purchase the Investment plans and receive seven days of a free trial. Seven days is not enough time for you to check if the company will generate profits for you, and you are not guaranteed cashback.

Moreover, the company offers you a trial period of seven days, yet their investment plans run for years and some months. They have four different investment plans each offering the same time of trial and the plans include;

Monthly investment plan cost $99, and you have to renew every month. Pro monthly in the second investment plan and the package costs$199 per month. Annual and Pro Annual cost $990 and 1990 dollars each year offering the same kind of tears as the other investment plans.

Regulation and Customer Support

FX Renew provides no information about the regulatory details that you can use to prove they are allowed to generate funds from the public. Furthermore, any legit investment firms should provide evidence of their regulation on the website, and you should trust such investment firms.

Unregulated companies risk facing criminal prosecutions for operating illegally once the law enforcer calls them. FX renew may face closure, and your money is not safe, and they may easily break the law whenever they want.

There is no information about where the platform owners are located; this is a major red flag not to trust this investment firm. In case you require assistance from this company, you have to fill out a section with your email and the kind of message or query that you have.

Legit investment firms will always provide you with working contact support that you can trust, and they respond to your complaint with immediate effect.

Final Verdict

FX Renew is not a regulated platform, and they did not provide any evidence of past transactions that you can use to test if the software is working. The only mention the name of the company owner but they fail to provide any evidence of their whereabouts, and this is a major red flag.

They use stock images and the names used and not real, and you can verify this we did some research on the details on social media. The time they give investors of 7 days to test if the software is working is not enough time and even 30 days is still not enough to check the credibility of the platform.

Without past trade transaction, you can’t prove any trade is taking place, and you should avoid this platform at all costs. However, if you are looking to make profits, you should invest your money with legit signal providers and also companies that provide beneficial training tools.

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