Menu Review: Is it a Scam Signal Service? Review: Is it a Scam Signal Service?

Share This! is a Forex signal alert service claiming to provide Forex signals with a win rate of 88.20%. We are not quite sure where these numbers are coming from because no trading performance has been provided on the sales page of Pip Academy. You can also check out what this review is saying concerning this service.

The product which they provide is a package that includes Forex signals, assistance and guidance. Pip Academy also offers trade ideas which they claim has helped novice traders to start trading like professionals. The website is currently providing free signals. “At Pip-Academy we are dedicated to help novice traders to succeed, our mission is to provide individually tailored assistance to beginner traders to shorten their learning curve. Since the launch of Pip-Academy in early 2019, we have received many Emails and messages from our users asking on how to get started with trading. We have helped some of our users individually but as the demand increases we are unable to efficiently respond to all the inquiries and questions raised by our users as our main job is trading. Thus, we have decided to launch this completely FREE service to more efficiently and effectively help new traders to succeed in the business of Forex trading.”

If this signals service is free, then it simply means there is a catch. We will be addressing this shortly in this review because usually money is not made for free. If someone comes to you claiming they want to help you make free money, you should ask yourself several questions and one of those questions should be whether the website owner is intending to scam you in some way. If you are into trading and have not found a proper trading product, we ask that you take a look at this page because we have rounded up some professional trading systems for your use.

Pip Academy review

The website also claims that they are offering 15 years of trading experience. “For the past 15 years since the start of our humble trading business, we have been researching, analyzing and studying the market constantly to assure that we always have an edge over the market. We do not believe that one can consistently beat the market and make profit but we do believe that with passion and hard work one can win this battle with the market and make a sustainable return. The core of our trading systems is risk-management and we do  both automated and manual trading. Below is the statement of one of our trading accounts.” If this is the case, one would have the right to ask why exactly this signal provider started a website in 2019 instead of 2010 or earlier. If you are truly a professional trader with 15 years of experience, your truck record should be obvious to everyone on the internet. We should not be wondering why your website was started just the other day while you have been trading for more than a decade. This is the question that we are asking this signal provider.

What traders stand to gain by using the services of Pip Academy signals

They describe their services using the following statement:

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Our expert trader team will be providing free daily trading signals, ideas and setups together with full assistance to any questions that a beginner trader may have for one month.  You will be able to take advantage of trading signals and ideas that we ourselves rely on to trade and receive professional advisory services such as risk management, position sizing and more to shorten your learning curve and avoid killer mistakes that most beginners make in the business of Forex trading. Our mission is to share our combined 15 years of trading experience you in a most organized, step by step, easy and effective way. You will learn how to trade like a professional while taking advantage of our trading signals and ideas exclusively sent to you on a daily basis for FREE.

As you can see, the 15 years sales pitch is still showing up in this statement which means the people who run Pip Academy are much focused on creating the illusion that they have been trading for some time. The question is that if they are indeed professionals, why are they offering signals for free? Let’s find out.

The catch

It’s simple. They are affiliated with some Forex brokers and when you join Pip academy, they will force you to sign up and deposit with their recommended broker. From there, the operators will start to earn commissions from your account’s activities. The more you copy their signals, the more money they make and in some instances, when you deposit money into these Forex brokerages, they earn instantly.

The steps to signing up are laid out in black and white on their website: They are as follows:

In order to ensure efficiency and quality, this service is limited by quota and it is only offered to live account traders. In order to be able to take advantage of this free service all you have to do is to follow few simple steps below.

This is not necessarily a bad thing but you must know that if the signals are poor and are losing money, Pip academy will still make money at your expense. This is where trading performance comes in. Do they have any trading performance to showcase their track record?

Our best advice for you

We have not seen verifiable track record to justify their 88% win rate. It would have been good to walk the talk but as you can see, Pip Academy is not proving their trading performance to anyone but are looking to take in as many clients as possible. With this kind of marketing, we can conclude that this is not a good signal provider. If you want to make money trading Forex, you should look for the good products here. These are the only products we trust since they have a good reputation.

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