Lions Of Forex Review: Is this signal Service a Scam?

Lions Of Forex Review: Is this signal Service a Scam?

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Lions of Forex is a Forex signal provider that promises a 90% accuracy rate. Further, the company provides Forex trading training. The company is run by an individual known as Berto Delvanicci. He claims to be a veteran trader.

However, he does not provide us with much information about his trading history.  Furthermore, the website seems like it was created from a template, meaning there is no professionalism involved.

The company has a YouTube channel where they regularly upload videos. Unfortunately, most of these videos are just of the founder displaying his luxurious lifestyle. The majority of the videos have nothing to do with Forex trading.

We are convinced this is a marketing strategy meant to lure unsuspecting people onto the platform.

The firm promises an average of 2000 pips per month. Further, you will have access to their exclusive inner circle for Forex traders. The firm’s motto is strength in numbers. They believe in being there to support each other.

The company has seen an abysmal rating on FPA. The general message is that this company is not involved in any trading activities. Berto Delvanicci only earns from people purchasing his services.

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Lions of Forex is not recommendable. There are better Forex signal providers that will serve you professionally for a fraction of this company’s prices.

Lions of Forex Review

Berto Delvanicci claims to have been trading since 2012. However, he doesn’t provide any records that chronicle his trading history and performance.

Lions of Forex Review, Platform

Delvanicci has a YouTube channel where he regularly uploads videos depicting a luxurious life. He wants you to believe that you could have what he has, the fancy cars, gold watches, and iMacs.

This marketing strategy appeals to the younger generation and individuals without trading experience.

Coincidentally, a customer that complains to have been scammed on FPA claims they wanted that kind of lifestyle for themselves. We hope you don’t fall for this because they will leave you high and dry.

Lions of Forex also claims to provide the best training course that exists. The firm claims the course contains over 150 hours of training. The website says that Berto will set you up for success, no matter if you are a beginner or experienced trader.

However, one of the customer reviews on FPA claims that this course is useless as it is just short videos of Berto next to his array of monitors talking about everything but Forex trading.

It is so unprofessional, and it just goes to show how the owner is willing to go to get your money. Please stay away from his services to save your funds.

Trading Strategy

Lions of Forex does not provide any information on the strategy they employ in trading. Investors always want an insider’s look at the inner workings of a company before they can fully trust it.

If the founder were as experienced as he claims, he would realize the importance of disclosing his trading strategy. Sadly, this is not the case with this firm.

A client who purchased into this firm’s services claims that they are reselling Steve Mauro’s trading strategy popularly known as Beat the Market Maker strategy. Berto Delavincci is repackaging this strategy and presenting it as his own. This individual doesn’t even have the courtesy of acknowledging someone else’s brain work.

Pricing and Features

The firm features three main investment plans, the Signals membership, the Essentials membership, and the Advanced membership.

The signals membership offers you buy and sell alerts and 2,000 to 4,000 pips per week. This plan costs $100 a month.

The essentials membership plan gives you 2,000 to 5,000 pips per month and education materials, including webinars, resources, and more. This plan is sold for $200 a month.

Lastly, the advanced membership gives you more trading, exclusive templates, and indicators to maximize your earning potential. Further, you receive 2,000 to 5,000 pips per week. This plan goes out for $300 a month.

The firm does not say the difference in the education package featured on the essentials plan and the advanced plan. It is not wise to spend an extra $100 a month for something that is not explained to you upfront.

It is an expensive Forex signal provider, especially considering they do not give much insight upfront. They want you to invest without knowing the trading strategy or even trading performance.

On a good note, though, the company does have a money-back guarantee feature. Unfortunately, the money-back guarantee is only for three days. Three days are just not enough to test out the full range of a product. Moreover, the company charges a $50 fee for gaining access to the platform. There is no scenario where this company does not get your money.

Trading results

The website features a record of their trading results dating back to July of 2018. While this shows profitability throughout, these results cannot be trusted. The mode of presentation is just not reliable.

The only mode of the presentation we would take from this shady company is a third party auditing platform like myfxbook. Sadly, they have not provided anything of the sorts.

Moreover, the company seems to have stopped processing their trading results in July of 2019. The values stayed in June 2019, and for July 2019, it just says in progress, and this goes to show that professionals do not run this company. These are cross after your money.

Fund Safety and Customer Support

The company lacks SSL certification, and this means that communication between your devices and their system is not encrypted and is susceptible to third party interference. Therefore, this company cannot assure you of your funds’ safety.

Clients can get in touch with the firm through their email at [email protected] or their phone number, 1 (772) 404-1299. The website does not reveal how long it takes them to respond to customer complaints. A client complained that Lions Of Forex stopped responding to their complaints after one month of constantly losing cash.

Customer Reviews

Lions of Forex has received an underwhelming rating on FPA. It has received a 1.6 out of 5-star rating, and this is terrible, and it just goes to show the many clients that are unsatisfied with the services the company offers.

Additionally, hundreds of customers claim to have lost their money to this scam of a business. The company stopped sending signals via SMS, and clients had to get them from its Facebook group. Someone points out that these signals are a result of over leveraging demo accounts. This firm is not providing any real signals.

The only positive reviews have been for their iPhone app. However, these reviews seem very similar, suggesting that they are coming from one person. Therefore, we cannot believe them.

Final Verdict

This firm is a scam. Enough people have already fallen victim to this company’s illegal operations. Could you not become one of them? Steer clear from this company to save yourself the trouble. Otherwise, it will end badly for you.

There are many legitimate Forex signal providers that will offer you better services with professionalism. Stick with the best in the market to avoid losing your hard-earned cash.

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