Pips Alert Review: is Scam?

Pips Alert Review: is Scam?

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Pips Alert is a Forex signal service that believes they can generate between 1000 and to 9500 pips every month. The higher side of this number is not very real and if they still insist that they have ever attained 9500 pips in a span of 30 days, we would like to see some proof. Pips Alert also claims that they are providing a software that is compatible with all kinds of brokers in addition to providing multiple membership packages for the trading community. They believe that this will eliminate stress so that traders can focus on results.

The sales page tells us that the site was founded in 2014 by two trades and since then, they have welcomed some 14 other traders on board. These traders are located in US, Tokyo, Canada, as well as other parts of the world. We must admit that none of this information can be verified. The Forex signal provider does not even publish information about who the traders are and what type of trading experience they have in the Forex market place. The web page does not provide any information about where their head offices are based at. This is one of the many problems we have encountered with Forex signals providers. They tend to think that this information is not important but from the perspective of a trader looking to start a career in trading by following their signals, this information is actually important. To get in touch with this team, those who are interested in their service can contact them using an inbuilt contact form.

We always advise traders to contact a signal provider first in order to find out what the response rate is and whether the signal provider is as reliable as they claim to be. Having said this, we will also list some of the best Forex trading resources which traders can take advantage of here. If you are a trader or are newbie looking to start a career in trading, these tools can be of help to you. 

Pips Alert review

Pips Alert wants us to believe that their trading signals are provided by professional traders. hey tell us that they currently “have a team of 15 traders with a combined 98 years of experience in the Forex market.” This is really impressive, but there is no way for us to know if that is true or not, because the vendor does not introduce us to any of these traders, so we cannot verify their identities, and check their trading track records. These people could be possessing the kind of experience which they claim to have. However, as a skeptic, one of the things you should be focusing on is proof that indeed this experience is real and that the traders are professional in what they claim to do. This is very important in ensuring that our confidence is boosted.

They tell us that their signals are sent out during the New York and London sessions. These signals are provided with entry price, take profit and stop loss levels so that traders will know what to do in advance even if they are new to trading. This is the standard way of dispatching signals to subscribers as we have seen 90% of signal providers including this type of information on their signals.

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The product costs anywhere between $17.95-124.95/month. The strategy which they are using to analyze the Forex market has not been disclosed. However, they claim to trade all time frames and all Forex pairs. Pips Alert only provides us with basic information on how they function but as for the strategy which they are using, this information has not been provided at all. When doing a review such as this one, we are always interested in knowing who the developer is, what trading approach they are using and whether or not they have been documenting their trading results. If there is transparency, that is a good sign that the developer or vendor can be trusted. But if we suspect lack of transparency, then it simply means the developer cannot be trusted and the numbers which they are throwing around are only made for marketing purposes.

If you already know what to expect in trading, it is important for a signal provider to give a proper introduction of who they are, what approach they are using so you can make up your mind on whether or not they match your expectations. Unfortunately, this information is lacking as Pips Alert does not provide this type of information on their website. We are hoping that they will soon add this information in the near future because if they don’t, they will obviously lose their customers and a reputation if they have one already.

Pips Alert provides free membership

This is a real positive because not many traders would be willing to subscribe with real money if they are not confident about the service. Thankfully, the free membership is a god send because it allows us to test the service and see whether it is a good fit for our requirement. When subscribers opt for this service (because the majority will), they will start receiving signals within the first 24 hours. This free membership signal service also comes with free company updates and news in addition to the ability to track the weekly performance of their signals on the premium packages.

How about their premium packages? The premium membership goes from anywhere between $17.95-124.95/month based on the signals package you sign up for. In this membership, the investor membership, traders receive the full alert package which comes with the potential of 9500 pips per month. This service is also provided within 24 hours after the initial account registration.

In terms of trading performance, we can say that this presentation is disorganized and not up to date. Pips Alert seems to be providing cherry-picked trades.

Our best advice for you

Trading results are lacking and the entire operation does not inspire confidence. You can do well if you stick with our recommended trading products here. 

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