A trading academy is a welcome platform hence the FX Scalpers (Fxscalpers.com) review to find out more. They claim to be a premier trading academy that is located in Ontario, Canada. With the platform only available to people new Ontario, we have our reservations on using the academy. From the look of things, the academy looks like they do offer a professional way of learning to trade. And they offer this service within three days of signing up with the platform.
After offering the three-day trading guide, there is a robot on offer. The platform is claiming to provide members with a chance to use their Elite FX Scalper indicator. From the look of things, the developers have created a legit way of teaching traders. Thanks to their transparency, one can be able to verify that this is an actual mentorship program. The only drawback is that only people around the Ontario area can sign up. An excellent idea would be having or offering online classes.
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Although the platform is relatively new, they should have offered more information on the team. The information on the team behind this scalper academy would have been incredible. It means traders can verify whether the team of staff is qualified enough. What they offer is a website with no information on the actual staff members. And this is where we start getting agitated with these academies. They may provide a legit way of learning, but, they are guilty of failing to give more information.
For traders who are new at online trading, the scalper trading guide will help you. They post that the platform educates users on scalping the market with confidence and consistency. Users will also get to identity actual short term trends. The platform also teaches users to implement proven money management tactics. Lastly, the platform claims to help members remove unnecessary market noises. And that’s not all; there is an eight-minute presentation video of tutorial overview.
As indicated earlier, the problem with this platform is the lack of clear information. Transparency is essential when it comes to online trading guides. The only way to identify the team behind it is if someone posts a comment. For a scalping academy to be seen as legit, the staff members must have trading experience. And this could be changed if the creators decided to update this information. It would be helpful to know the teachers who teach the skills for scalping on the platform.
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Since the platform is only available for local traders, we have to tread with caution. Such information would be helpful to other users across the region. Anyone who has gone ahead and tried the academy should leave their comments. They should also offer any suggestions and what to expect. It would have been ideal if other users in the region knew more about the classes. Kindly leave a comment or any feedback regarding the academy. It will go a long way to ensure others take heed of your experience.
A look at their domain history tells another story altogether. The site went live on 2nd July 2019. By the time we publish this post, it means the site is a year old and counting. What most don’t know is that it seems the site has undergone some significant changes. The IP history reveals that there have been over 35 changes over 15 years. It could mean that the platform or owners might have some other products under their belt. And this leaves more questions than answers regarding their online presence.
Users get a promise of an average trade length of about 56 minutes for those in Canada. They also claim that users get an 8.4 percent monthly return on any FX pair 24/5. Their educational material is also in line with the MT4 trading platform. When it comes to the company behind this platform, LD Capital Management Inc claims full ownership. A search using search engines does not yield any results regarding this company. And this is a worrisome feature. It means that the company is far from being reliable.
FX Scalpers is an institution that is NOT RECOGNIZED by IIROC. A search using their main page reveals no institution is licensed under this name. The company’s name is also not found on the official regulator’s page, which points to one thing. It seems that the academy does not have a valid license from authorities in Canada. It could be that the platform is new and is waiting for their permission. They would have done better by informing users of their license status. And this raises the questions whether the certificates they hold any ground.
Without approval from regulators, there lies a problem with the security of funds. What happens when one misses a class? Will FX Scalpers refund the money charged on these missed classes? It is why having a regulated platform is more than necessary. It helps to show that members or students get insurance cover for their deposits. The owner will not run away with the funds if they are regulated. And this is why we insist that the platform posts details on their license status.
FX Scalpers is furnishing users with three classes for three days. The first class is an introduction to Forex. Users get to learn the basics of forex and what it means to be a trader. Some of the listed features include downloading the software, navigating under windows, and more. Students also get to learn how to install expert advisors and creating templates in MT4. All this happens on day one of the forex and MT4 basics. Expect these tutorials to be available on site.
At least the platform offers live contact information on their homepage. Disclaimer at the footer of their website has a phone number interested parties can use. With a live exchange with the staff, one can decide on whether to join the platform. They have failed to list the charges of these lessons. It would have been ideal if the platform had information on how much the classes cost. Do these classes come with a onetime payment, or is it a pay per class arrangement?
We have to commend FX Scalpers for providing legit and updated trading results. They have provided a myfxbook account that shows gains accrued. The statement shows benefits from using their approach even though the platform is new. It shows a modest increase of 20.20 percent with a drawdown of 6.02 percent. They have also posted the average win rate, which stands at 3.50 pips. These results are exciting, and it would be ideal to know whether their robot uses this approach.
For interested parties in Ontario, they can go ahead and check whether the place exists. With this information, they have the best idea of whether the academy works. Feel free to write to us and give us your side of things. Your experience will be an added value to our review. Leave your comments and tell us the price of these classes.
It seems that the academy is on-site even though they have no license.
Interested parties can also opt for other proven alternatives. Authentic forex trading robots are a gem when it comes to online trading. Ensure you go for the best forex robots available in the business.
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