Price Action Ltd (Priceactionltd.com) is one of those signals providers with an excellent web layout. They have done a great job of trying to look professional in their trade. What remains to be their biggest challenge is the fact that no one can verify their results. They also fail to give users information regarding their trading strategy. Aside from that, everything else looks okay with the website, which is sadly not enough. Know more thanks to our in-depth investigation.
The location of the platform, according to the disclaimer of their homepage, is Guild Street, London. Other reliable sources show that their servers are located in the United States. Thanks to our search, we can prove that this website is not as it looks. Although there are positive reviews on their products, a lot leaves to be desired. Without credible results and known strategy, everything else becomes a problem. Why would they not produce their results for all to see?
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Price Action Ltd on the other hand has a few problems of its own. They have been flagged down by several members who claim their products don’t work. The website looks a lot like a marketing platform. There are pop-ups of so-called members who buy subscription plans. We feel like the platform is trying a little too much to sell their products. And our fears are confirmed when we tried purchasing their products. Most of them didn’t work, and there was no feedback from support.
It seems that the platform is offering copy trading services as well. Their motto is ‘watch, follow, and profit together,’, which is the tagline. From what we can gather, the copy trader services also do not provide accurate results. After signing up with their copy trader, we lost our initial deposit with their signals. They do offer signal frequencies five to eight times a day. The only problem with these signals is that they rarely provide any meaningful results. And this is why we have doubts about their copy trader.
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The developers of this product claim to be over fifteen experienced traders. One of the biggest problems with trading websites is the lack of proper information. Why would they fail to mention even a single member of their team? And this proves that we are dealing with a rogue online trading platform. They should have done better and posted the names of these founding members. Without the names, it makes the platform look anonymous. And this is a scare tactic to have with online trading products.
There have been mixed comments and feedback from clients. Some claim the signals worked for the first time but later could not produce favorable results. Others bash the platform with complaints of inefficiency and lack of communication. For the most part, there have been complaints regarding their copy trader. And this goes to show that the developers may not be professional, as stated. They could be amateurs trying their hand with new products in the trading world.
Their servers are currency located in Texas, which means they don’t have a solid headquarters. The site went live two years ago on 21st November 2011. They don’t have any reputation for boasting about. New products are a nuisance to investors as they rarely offer any legit services. And this is why traders should opt for proven signals providers in the market. A signal provider with years of experience is reliable at all times. The new products from unknown developers end up hurting investors.
The platform was established in 2018 and came out as a signals provider. Their trading time and strategy remain undisclosed, which is a huge problem. The basic plan goes for $40 per month, which is unfair considering the available features. Other than failing to notify users of the terms and conditions, their website is professional. And this is another reason why we believe professional scam artists operate the site. If the platform were legit, they would readily respond to members.
Price Action Ltd is NOT licensed or registered to offer any trading services to investors. They do not give any information on their compliance, which is another scary feature. Without compliance, this means any deposits made are not covered by insurance. And this is why a majority of members will fail to get their money-back-guarantee. The robot also does not provide any details regarding compensation. And this is the main reason why we will block the use of this robot.
A closer look at the website shows that they are not able to provide users with any credible license details. Genuine service providers will post their license number for all to see. Copies of their registration documents accompany the license number. They help investors know more about the platform and whether it can be trusted. Without these details, the signal provider remains to be a considerable risk. Compliance is a game-changer when it comes to signing up with online trading products.
Price Action Ltd is offering investors with four plans to choose from. The plans come in monthly, three months, six months, and a one-year subscription. There is also a lifetime offer of $299 and a free eBook on offer. These plans don’t come with any information regarding the available features. We also noticed that the plans all look the same; there is no advantage over the other. This looks like a website that is solely created to have users sign up and buy worthless plans.
Near the bottom of their homepage, here is their contact information. They simply give an email address and a message dashboard. The entire website does not have any phone number, which is a ton suspicious. Why would such signals provide fail to offer one on one communication channel? Only scam artists will want to control the communication process by using emails only. They are afraid of the backlash they would receive from authorities and their victims. Stay away from a service provider with no direct communication line.
One of the biggest problems with this signal provider is the lack of proof of their prowess. A genuine trading platform will offer their results for all to see. With results, anyone can validate whether they are correct. Platforms such as FX Blue and myfxbook are a prime example of where to post results. There is no concrete proof of the signals being able to generate profit to investors. And this is what makes trading with this platform a problem. It is why we believe this is a worthless signal provider.
The safety of funds with this signals provider is far from being secured. They fail to have a valid trading license, which is a huge problem. Another problem with the platform is the lack of proper security software on the site. When investors purchase services, hackers can easily hijack the process. And this will create a problem for investors as their credit card information is on the line. It is why we believe buying or signing up with the platform is a massive problem for investors.
Price Action Ltd is a scam waiting to pounce and play tricks on investors. Despite having a compelling website, there are a lot of loopholes. Warn your friends on the risks involved with trading with this platform.
To protect our readers, we must add the signals provider to our scam blacklist.
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