FXStreet Signals (Fxstreet.com) is another signal platform from Barcelona with links to a reputable platform. Although they have ties to the domain fxstreet.com, there is no way of trusting them. Their landing page is simple and has the necessary signal information to give to visitors. There is also a helpful video with premium pricing in regards to this platform. This review is meant to take a closer look at their premium services. A majority of members are unhappy with the services provides by this signal provider.
The platform also offers free signals which are not that helpful since they are limited in amount. Another massive problem with their signals is having a data delay of around 15 minutes. And this is where you can’t put trust on a signal provider with delay problems. It is probably the reason why no one can trust this robot. None of the signup attempts we had bore any fruits, thanks to the delay. No trader will be able to use these signals as you well know they are late and cause losses.
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FXStreet Signals is using a reputable platform to sell their late signals. The reason why a reliable website such as fxstreet.com would allow it is beyond our comprehension. They are probably happy with the affiliate profit they get from the signal provider. The only problem is a signal provider under their wing that is not performing will have adverse effects. A majority of people will associate the signal provider with the real platform, which is not the case.
They are claiming to sell a ‘series of trading strategies’ to investors. The platform relies on economic events, market trends, and price action time. They count on intra week frames, which means trading can take place for several days. There is a free plan available, but a monthly subscription of $35 is after the first month. A quarter plan for the subscription is set at $31.66, which is quite affordable. It would be ideal if the signals were on time, and the results are shown for us to back the provider.
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The owner of FXStreet Signals is not known, and the detail of the developers is still a problem. No one should sign up without knowing the full credentials of a platform. In the real sense, users are signing up to an unknown signal provider. They may claim to hail from Barcelona, which is not proven. These could be online scam artists based anywhere in the world. And this is another reason why we should stay away from this ridiculous trading platform. It offers no actual signal services to investors.
There has been a lot of information regarding the use of this signal provider. Most of the comments we have received are from traders who feel cheated by the platform. After signing up and paying the monthly subscription fee, the signals were delayed. Some of the members still insist they have not received any signals for the past couple of days. And this is what makes it a terrible signal. They have managed to associate themselves with a reputable platform only to offer lame signal services.
A look at the domain details of fxstreet.com reveals that the website is quite rich in history. Details from a trusted domain checker tool show that the site was here way before FX Street Signals. The actual creation date was 19th June 2000 and makes it over 20 years old. And this is the main reason why signal providers sell their merchandise through the website. They want to associate their products with longevity in the industry. Now you know that this is another platform just using their reputation to sell their signals.
They deal with signal services, and their trading shop was established in 2020. This means they don’t have much experience to offer in the forex trading world. They provide multiple strategies, although they fail to define, which is best to use. The trading time frame is 24 hours, which is an advantage if only the signals were on time. They have set the signal frequency to frequent, which means investors do get signals. And the time delay for these signals is their main downfall. A fifteen-minute delay in the online trading world is just not acceptable.
FXStreet Signals is NOT LICENSED OR REGISTERED by any regulatory body in Europe or the United States. To try and confirm their license status, we reached out to the CNMV to verify their status. The Spanish financial watchdog has no signal provider under this name. Other European regulators plan to issue a press statement in regards to their signals. The delay has caused some investors to report their losses to regulators. A signal provider should offer on-time signals at all times.
The other main problem with an unlicensed platform is the lack of security of funds. Deposits made by investors do not get any insurance cover by the signal provider. And this is the reason none of the investors can get their funds back. A licensed platform will offer money-back guarantee service to unhappy platforms. Without these signals, it means we are dealing with a rogue platform. They also fail to show any compliance in regards to their terms and conditions page.
FXStreet Signals is offering investors three packages to choose from. The packages are monthly, quarterly, and yearly. An annual plan is going for $26.66 per month, which is a bit high considering the time delay. Another problem with their packages is a failure to show investors the different features. No one knows the difference between having one package over the other. It would seem that the only difference between these packages is the time factor. And this is a reason to stay away from the robot. They simply state that Premium services come under their Telegram channel.
What we noticed with their website is the lack of a chat service. Disclaimer at the footer of their homepage has the contact information page. Users will have to leave their emails to receive any response. They have also posted a phone number which we tried to call. It seems the number is ever busy, and we could not get a hold of any subscriber. And this is what makes us question the intent of this platform. Why would they want to control the communication process? They decide when and which emails to respond to, which is sad.
FXStreet Signals fails to provide any valid trading result, which is a shame. Without them proving that their signals work, investors are signing up blindly. The least they would have done is post their results on FX Blue or myfxbook. Failure to do so means the signals are faulty, and they want to hide this. Their strategies also have some issues as they fail to explain how they work. Three different strategies and no information on how they work are a huge problem for investors.
The security of funds is a huge issue as the signal provider does not offer a valid money-back guarantee. Another problem with the signal provider is the lack of basic security software on their platform. The website lacks DDoS protection and SSL Encryption, which is a huge problem. Hackers will hijack the transaction process and steal vital data, including credit card information. And this is why we insist on using industry-recommended signal providers with security clearance.
FXStreet Signals is a scam as they offer delayed signals, which cause investors to make losses. If this were a genuine signal provider, they would have fixed the issue by now. And this is one of the main reasons why we should shun the use of such a signal provider. Make sure to warn your family and friends in regards to using this service.
By adding the platform to our scam blacklist, we ensure that our readers are kept safe.
Use recommended and trusted forex trading tools when dealing with online trading. They offer safety for your investment and are transparent.
We wish you the very best.
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