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Imperial FX (imperialfx.net) is another forex program claiming to offer several services. Unfortunately, those engaged with the platform have nothing good to say about it. We tested their signals, and it’s becoming clear no the accuracy is off. Despite claiming to offer accurate signals of 10 to 20 percent daily, that’s far from the truth. We have seen such forex mentorship programs before. Here’s what we found out in our thrilling IMPERIAL FX REVIEW.
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Although the domain has been around since 2002, it wasn’t forex related. Instead, the domain was used as a platform for selling other domains. It was not until 2020 that Imperial FX took over and decided to offer forex mentorship programs.
And this is where we draw the line with the platform. The platform has been lying about its accuracy and impending results. Those who have signed up for their academy also have nothing good to say.
Apparently, the platform failed in its attempt to lure investors into finding the right materials. The educational programs available on the platform can be found on several other programs. It seems the material gets plagiarized.
Accuracy of the signals is way off and puts your trading at risk. We have to expose the store for failing to offer meaningful forex mentorship services. Such platforms enjoy the luxury of not having any regulatory framework.
We feel it’s our duty to protect those who sign up with such platforms. You need first to test the accuracy using a demo account. Then, you can determine whether the accuracy is genuine before investing in a real account.
Experts recommend that you stay away from such platforms or risk losing everything. It would be best if you did due diligence before signing up. That means looking for ways to confirm the platform’s legitimacy.
Try and find out from others regarding the platform. It will help you make a more insightful decision.
To understand a platform better, you need to know the pros and cons. So try and find out what makes a platform tick. That way, you can determine whether the platform is genuine or not. So here’s where we come in and highlight all the pros and cons of imperialfx.net.
Let’s take a closer look at the available features and what they bring to the table;
The academy is a school for investors and traders wanting to know more about forex trading. We have a platform that wants to limit trading to a selected few. The platform clearly wants to fool investors into paying for free material.
You can easily get the material you need on the platform. Make sure to peruse the web, and you can get the educational materials free of charge. The platform fails to bring in any new materials.
Instead of offering an online course style of teaching, the academy gives handouts. You have to download the material from the platform. There’s no interaction with the tutors as the platform wants to limit it.
And that means investors don’t have to ask any questions regarding the platform. You pay for information that you can get for free. That’s no way of claiming to offer legit forex mentorship services.
The platform claims to offer over 45 online videos which don’t actually belong to them. We see that most videos are from famous traders on the Youtube channel. After completing the course, the platform offers a certificate.
With the videos, you get trade examples and downloadable diagrams. Unfortunately, the platform doesn’t offer any graded quizzes as indicated. The certificate doesn’t mean anything, as members feel left out.
According to the platform, Ares is a high-performing automated trading algorithm. It operates off a high trading volume algorithm and offers rapid signals. In addition, the algorithm promises a hands-off approach and claims to have a proven track record.
You get a promise of making 10 to 20 percent guaranteed monthly returns. And that’s another red flag we must expose with the algorithm. No expert or robot can manage to guarantee profits.
With the market being volatile, the chances are that the algorithm is a fluke. There’s no way to predict market prices all the time accurately. So even experts incur losses while trading, even those who use algorithms.
There are three classes of signals available on the platform. Each of these signals provides a different array of services to investors. However, most signals offer the same services with a few distinctive features.
The platform classifies signals into three categories, signals, trading algorithm, and academy. It’s actually a pricing model for the services offered by the platform. These include Signals going for $130 per month.
Trading academy goes for $747, and you only get to pay once. The services include the features indicated under the Ares trading algorithm. We suspect the algorithm is a rip-off of another forex program under a different name.
To join the academy, you have to pay $479. The academy promises to issue learners with a trading plan, trading rules, and several other features. One of the more notable features is risk management strategies.
You won’t get any risk management strategies as none of the 45 videos cover it. Members also fail to get advanced entry-type educational tutorials. So we have to expose the store and ensure no one else falls for it.
No, your funds are far from safe from a platform that fails to offer any direct way of communication. The platform doesn’t have your interest at heart and will soon shut down.
No one knows who owns or runs the platform. And this means we are dealing with a platform that fails to offer any meaningful services. Imperial FX is an anonymous crypto investment platform.
Please stay away from the platform or risk losing your entire deposit. There’s no telling what the owner intends to do with an anonymous platform. We suspect that the platform will shut down as fast as it opens shop.
There’s a client testimony section to try and attract investors to sign up with the platform. None of these are true, as we know what the platform does. It’s a paid campaign where a few people get paid to post positive comments.
You won’t see any positive comments regarding the platform on any independent website. Even forex forums don’t have any traction regarding the platform. That’s how we know everything written is false.
There’s no support from the platform as live chat is not a concept known to them. Even after signing up, the platform might take days to respond to emails. There’s no way of directly contacting staff members.
Instead of offering a phone number, the platform gives members a FAQ section. We can clearly see that the platform wants to control the communication channels. The platform wants to limit communication to written form only.
Imperial FX is not a genuine or regulated forex service provider. So please stay away from imperialfx.net.
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