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Fxervin Review: Scam or Professional Signal Analysis?

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Fxervin Review: Scam or Professional Signal Analysis?

Fxervin (Fxervin.com) review is out after users asked us to investigate this signals provider. The developer starts by claiming that this uses next-gen technology in fundamental and technical analysis. With the platform claiming to run signals 24/7, this promises to be an impressive platform. One thing that users should note is that a high number of signals could mean less accuracy. And this is the main problem facing products that offer a large number of signals per day. Know more in this detailed post.

Fxervin Review

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About Fxervin

The claim of sending signals to investors with the lowest risks is a reasonable sales tag. After all, investors want to get accurate signals with the lowest manageable risks. The platform analyzes 12 currency pairs and professes to make 70 percent annual returns. Where the brand is located remains a mystery, but we have reason to believe they are in the UK. We could be wrong as the platform does not in any place mention their location, which is weird. The contact page has no address of its location.

On a second search of the platform’s owners, we found an address that is based in Armenia. Fxervin seems to be all over Europe as the complaints are from this area. Even with the high number of complaints, some users have profited with the platform. Although the number is low, it is a sign that the vendor is doing something right. When reviewing products, we check the background of the vendor and its reputation. It helps ascertain that the vendor is trustworthy or not.

Business owner

And this is where matters start getting dicey with the platform. On their homepage, there is no mention of the people behind this platform. Disclaimer at the footer of their homepage shows details of Unified Technologies. And it is here that we see the new address. The site is owned by an Armenian, which proves our latter statement. FX Ervin is owned by another company that offers IT services for mobile solutions. And the plan fits perfectly since this is a signal provider we are talking about.

Comments from users

There have been varying comments, as we said earlier. Most of the traders who used and lost money with the platform are an angry lot. The trading industry has a lot of risks, but this does not warrant such a high number of complaints. There are a few members who have hailed the signals provider. From what we have seen, the signals are far from being accurate, which is a problem.

Deposit options

Disclaimer at the footer of their homepage shows the available depository options. These options include Bank transfer, FasaPay, MasterCard, and Visa. There is no Crypto payment, even if the platform offers crypto signals. With these depository options, there comes a huge challenge. Users find it hard to withdraw funds with this platform. There is no way of recovering funds from these depository channels. Banks will take a long time to file chargebacks from trading services. The developer will insist that the funds were for services rendered. Since the service is not tangible, the bank has no other option but to side with the vendor.

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Domain details

A look at their domain information tells a different story from who the owners are. The site’s servers are located in California, and the website is seven years old. According to data retrieved from the domain tools checker, the site went live on 21st September 2013. There have been a total of 31 IP changes over the past 11 years.

Features of Fxervin

The platform claims to send real-time trading signals that users profit with minimum risk. When it comes to the frequency of this platform, the vendor is not exact. Information from the homepage suggests three levels of target price TP1, TP2, and TP3. There are mobile notifications, and modification can be done at any time. When it comes to the trading assets, the platform boasts of signals from major currency pairs. Crypto trading signals are only eligible for VIP members.

Fxervin license and registration

We checked with all regulators in Europe to find out whether the signal provider is regulated. Another avenue we had to check was the American licensing details. All the regulators claim not to know that such a platform exists. And it is clear Fxervin is not yet licensed to offer trading signals to users. These are signal providers who don’t have the backing of regulators. It means they won’t be able to provide insurance cover to funds deposited by members. And this is a considerable problem for investors.

Without a valid trading license, investors are risking a lot more than the expected returns. These vendors who fail to inform users of their regulation status practice in bad faith. There is no information on the website that suggests the vendor has applied for a license. Some vendors apply for a permit and make sure to inform users of the situation. This vendor will not have a permit anytime soon. And this means the security of funds is out of the question for anyone who signs up.

Positives and negatives of Fxervin

Available signals packages

Fxervin Account Packages/Plans/Subscriptions

Fxervin is furnishing users with two types of signal packages. The first type is the free signal package, where users don’t get crypto services. Metal trading signals are not available for the free package, which means it’s more of a demo account. There is a second package, which is the VIP signals, and goes for $50 per month. At an affordable price, it is the reason why some investors flocked to this platform. What most of them did not consider is the accuracy level of these signals. And it is why most of them are ruing purchasing the service.

Contact and information

One would expect a signal provider offering over 2,000 signals in a day that offers live chat. The contact page is only using a message board and has listed an email address. There is no phone number, which means the vendor is afraid of direct contact. With their location being a mystery, the vendor is probably hiding from authorities.

Performance and trading results of Fxervin

Luckily for them, the platform has posted a single account on myfxbook. The vendor continually updates the page, which means they check how the signals are doing. With the verifiable results, we can see why the vendor is still offering their services. Traders will go for a vendor with verifiable results as opposed to one with high accurate signals. It goes to show the level of professionalism the vendor has gone to promote his services. For the results, we give kudos to the vendor.

myfxbook performance and results Fxervin

Scam or legit Fxervin

After checking the facts, thanks to the free trial, users can test and see how it works. For those who have used the platform, kindly share your experience with Fxervin. It will help paint a clearer picture of what others should expect with the vendor.

Our recommendation

With the results failing to satisfy us, we won’t be recommending this platform.

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We wish all investors and traders a safe trading experience.

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