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My Forex View Review: Is this Signal Service a Scam?

My Forex View Review: Is this Signal Service a Scam?

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My Forex View is a company that was launched in March 2017. The company has been in the market for quite some time now. The platform markets itself as a leading venture in researching, analyzing, and recommending trades.

However, the company has some worrying features that we shall discuss in this review. The platform views itself as a venture that has attracted numerous traders universally.

Nonetheless, the information that we got from Alexa.com indicates they have a global ranking of 7,266,010. This is reduced traffic, and the website seems not to be getting much visit as it claims. The company allegedly uses stellar technical analysis.

My Forex View state that they have increased the trading skills of multiple investors in the market. The signals that the firm provides are allegedly unbiased. You will have real-time alerts and much more in stock after signing up on the website.

Some of the key features that the company brag are their prices. The company believes what they charge is favorable considering the quality of their services. The platform states that for you to gain more, you need to deposit money.

Myforexview.com Review

The signals that My Forex View sends to investors are reliable. The company claims that they have a team of professional that works on their firm. They frequently send signals that are easy to interpret.

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My Forex View Review, Myforexview.com Platform

The signals will guide you on the favorable time to enter the market and when to exit. However, it is essential to note that the platform does not showcase their alleged team for credibility purposes. The firm expects us to believe that they have professional people handling their business.

We need more than mere words. Speaking of which the founders’ information is also not disclosed to the public. It is merely another financial narrative that you should detect and avoid. My Forex View proclaims that joining them is what you need to do if you are making any losses.

Traders who are tired of wasting their time in ventures that are not profitable are the ones that the firm targets. The company has availed a live signal as per the time of this writing. The currency pair that traders can sell is NZDUSD.

If you follow the signal, then you will make a profit. They also avail of market analysis to its clients. To get the daily report, you need to join their telegram group. My Forex View has a special promotion you will receive premium signals for a period of one year.

All you have to do is sign up with the XM.com broker. You should never sign up with any broker before performing thorough research, and this will help you to determine if the platform is regulated or not.

There are multiple Ponzi schemes in the market that refer their clients to unregulated brokerages. You need to be very cautious and invest only with legit Forex brokerages in the market that will help you generate real-time returns.

Trading Strategy

The company assures traders that their signals are legit, and by following them, you will become rich. We are well aware that it is only Ponzi schemes that promise investors quick riches. My Forex View fails to elaborate on the trading strategy that they incorporate.

All we know is that the firm is using a technical strategy. The frequency at which the company sends out its signals is not disclosed. The company makes old statements of providing clients with monthly pips ranging from 800 up to 1500.

Unfortunately, My Forex View does not verify their trading results with a reputable third party. The firm cannot prove that their clients earn high profits. The company is only making empty promises.

Customer Support

The customer support of My Forex View is available 24/7 to offer assistance. The company urges its customers never to hesitate in case they encounter any problem. The reviews that the company avail on their website state that the support is helpful.

The support is available via live chat, email, or in Telegram. However, the firm does not provide its office address. We also don’t know who is the founder of the platform. As the investor, you have the right to know the people handling your money.

The qualifications they have do not believe blindly. The company claims that after signing up, you will start trading instantly and earn profits instantly. We should be able to see their performance report for us to endorse them until then please stay away.

My Forex View Investment Plan

The company avail four investment plan for those interested in joining their entity. All their projects are compatible with all currencies pair in the market. The average pip you can get is around 700 per month.

You can receive your trading signal in WhatsApp as well as on Telegram. The notification will show you when to take profits and the stop loss. You will also have access to a trading guide. The plans are distinguished by the duration they last and the price.

The one-month plan goes for $40, while the three months’ plan will cost you $60. The third plan runs for one year, and you need to deposits $199. Lastly, there is a 1-year free plan that requires you to join XM.com Forex brokerage.

Xm.com company will need you to deposit a minimum amount of $200. The amount is too high and not affordable to many traders. My Forex View additionally does not disclose the number of signals that their clients can expect. The time that you can be planning the trading signals is not guaranteed. Traders have the right to know these primary data before trusting blindly.

Testimonials

My Forex View claims it has been in the market since 2010. As we had earlier mentioned, the company made its first digital footprint in 2017. They are lying about their history to gain the trust of innocent traders.

The company additionally state that what they have availed in the testimonial section is 100% legit. According to the reviews that the platform showcase the traders praise them for being reliable.

The company is allegedly responsive, and you can get earn back your capital within no time. The platform will respond to your query instantly and help you to place your order. The traders are making profits daily.

The existing clients claim that they will bring more people to the website for them to earn. However, there is one testimonial that caught our eye. There is one review that has different names but the same image of the trader. He appears as Alphadude from the UK and in the next testimonial as Iamaeil from Bangladesh.

This does not create any trust, and there is a possibility that the entity is using stock images. Upon checking if there is any feedback from their customers on a third party website, we did not find anything.

We always encourage investors to check for customers’ testimonials in third party platforms. They are more trustworthy than an investment venture present. This is because they cannot manipulate the information being left behind. My Forex View has a meager trust score, and they are not safe to use.

Final Verdict

My Forex View is a venture that lacks transparency; much information is missing from their website. We do not recommend their services for any trader. The company needs to be clear and verify their trading results.

Always Invest with legit Forex trading brokerages in the market that will shed light on the trading strategy they incorporate. Investment companies should avail all the necessary data to create trust with their customers.

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