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Piptionary Club is a sales page that claims in their marketing materials that they have the ability to beat every Forex trading system or product out there. Their main goal is to provide the trading community with high returns but at the same time keeping risks minimal. It should be noted that this is a signals provider, and their website is quite new. As usual, new entrants into this market often make these claims to try appealing to newbies who want to try their hands on Forex trading. We’ve heard these claims many times before and we are not surprised that Piptionary Club is stating the expected.
Piptionary Club is guarantying real time signals from their ‘professional traders’. These professional traders allegedly have independently verified trading results as well as unbeatable performance which Piptionary Club claims can be proved. This clearly means that this vendor has set for them a standard which they must meet in order for traders to trust them. If they will fail to fulfill certain promises which they have made, it will make them look bad as many people won’t trust them at all.
Now, the first thing that we have identified on the sales page is that the signal provider is claiming to be based in the United States. Their alleged address is listed as 6900 Tavistock Lakes Blvd #400, Orlando, FL 32827, USA. They are even providing us with a phone number on their website. The phone number +1 321-414-5237 suggests that either the company or one of their representatives is based out of the US.
There isn’t any direct emails being provided here but users can also contact them via a special contact form on their website. There is nothing wrong with being based in the US. However, the site must ensure that their operations are licensed by the SEC since they are offering an investment product which amounts to offering securities within the US boundaries.
In the meantime, you can subscribe to any of these automated trading programs because they have been shown to work in any market condition.
Their motto is ”consistent profits with real time trading signals from professional traders.” Because they already tell us that they are working with professional traders in order to aid them in the research and delivery of signals, it only makes sense to think that this vendor will introduce these professional traders. Unfortunately, these professional traders have not been introduced anywhere on the sales page of Piptionary Club.
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In fact, this website does not talk about the creators of the service nor does it tell us about their trading history. So it makes it very difficult for us to believe that Piptionary Club really has professional traders behind the wheel who trade to provide these consistent profits. They must surely have a track record if this is the case with no exception of telling us that they do not have a trading history in place.
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Since these professional traders are the foundation of the product which they are offering, Piptionary Club should consider introducing them.
In terms of how they trade, the vendor tells us that they are making use of both fundamental and technical analysis. However, the way trades are managed is described as a process that involves their proprietary trade management system and access is only available to members of Piptionary Club.
Their signals are delivered through email and also SMS. The vendor specifies the time at which they will be sending out these signals. They also tell us that it is imperative for traders to enter these positions as soon as signals are sent because this will maximize profits.
They also tell us that signals can be utilized in just 10 minutes a day. They can be used with any broker and trading platform. We are not sure why the vendor is using filler information to reinforce what they are offering. Already we know that trading signals can be used with any broker and any platform. There is no need of repeating this information. Otherwise, it comes across as redundant information.
Unfortunately, this is something that is very common in the signals market place. Many vendors just don’t have the data which traders need and so they choose to fill up their sales pages with generic content.
This product costs $49 per month in subscriptions. The frequency with which they are sending out signals is 1-2 signals per day. They trade various Forex pairs which include AUDUSD, CADCHF, CHFJPY, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD and USDCHF.
We want to remind you that Piptionary Club is offering a 14 day free trial before customers can opt to sign up under paid plan. We have advised our readers to always make full use of this offer because not many signal providers have a free trial in place. If you find that the signals which they have sent to you in 14 days are very profitable, you can go ahead and subscribe for the stated price.
The service only claims that their traders are using fundamental and technical analysis. They don’t go into details which is quite bothering. However, since the service is providing free 14 day trial, our recommendation is that you should utilize this offer to familiarize yourself with the specific details with regards to how signals are generated by their traders.
Piptionary Club provides us with a myfxbook performance where we learn that they have gained 89% with a maximum draw down of 31%. We are of course glad that they are a bit transparent with their trading performance. Not many signal providers have a myfxbook account to show their customers. Now, the only concern is that their trading history is kept private. We are not sure why they have done this. Probably Piptionary Club is up to something fishy.
This is a very new service. We should be monitoring this space for a while to see whether the service will sustain the steady gain. In the meantime stick with these products.
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” the site must ensure
that their operations are licensed by the SEC since they are offering an investment product which amounts to offering securities within the US boundaries.” Why do you say that they are offering securities?