Silicon Signals is an automated signal provider platform that aims to make massive investment returns to their clients. They boast of having a strategy that will beat the market, and they can do what analysts do in a week within a short period.
In this unbiased review, we discuss why Silicon Signals is not a legit platform to invest with. Therefore if you’re looking to make a profit, you should invest with legit signal providers tried and tested to make reasonable income for clients.
Silicon Signals allows investors multiple advantages, and you’re able to build a formula that will enable you to reduce interfering factors of emotion and time. Hence the platform provides investors with automated services.
Automated services are preferred over humans because of their inability to hold any emotions, yet investing with the wrong tool is unwise. The company allows investors to add various trading conditions within minutes and includes back and paper testing.
Despite offering clients these tempting advantages, the company still lacks transparency in strategies for operation. Transparency plays a significant role in trying to pick up the best tool for trading.
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Investors do not know any information regarding the founders and the kind of experience they hold. Furthermore, trusting this investment firm may not turn out to be profiting as expected; this is because you may end up dealing with criminals.
Investors also risk dealing with unregulated brokers while investing in Siliconsignals.com they do not reveal any data of the brokers. Furthermore, transparency plays a significant role for investors in choosing the best trading software.
The Investment firm does not have any demo account that you can use to test the trading strategies you’ve created. They also do not provide any past trade activities the software’s been able to complete, and you may end up dealing with the wrong trading tool.
The time frame supported by this investment firm is unknown, and you can use the signals on any platform. There are legit automated signal providers that you can invest in making reasonable returns while lowering the risk you encounter while trading.
Silicon Trading finds your currency pairs by using the indicators they have. The trading tools then select one of these indicators and creating conditions based on direction and volatility.
The tool allows you to set a money management system that you can use to limit the profits, and also you can estimate the number of times to stop loss. Investors can use backtesting for up to 10 years, yet scammers mostly use this kind of technique.
How Silicon Signals Operate
The company also uses expert algorithmic trading as part of the method for making profits. This strategy allows investors to develop their trading strategies and make profits all doing the same.
Moreover, they boast of making it easier for investors to come up with an algorithm and simple and accessible to all users. The company aims to provide its services to all investors, yet they do not have any training materials for teaching newbie investors.
Meanwhile, they have smart technology that offers users a chance to boost their trade and maximize their investment strategy execution. However, do not be so quick to invest funds into the company because they showcase so many red flags.
Silicon Signals aims to save customers time while trading. This is because the bot can open and execute trades automatically. The software can help customers achieve trades successfully by finding conditions for placing, closing, and order transactions.
Therefore this strategy helps customers in minimizing losses and making profits whenever it is reached. You do not know the kind of experience the people behind the platform hold to trust any of the strategies they claim to use.
Silicon Signals does not show any successful withdrawals made by the investor through the trading strategy. The company also does not have any backtesting results or MyFXBook, which is mostly preferred in verifying the number of returns to expect.
You should be able to see past trade evidence of at least three months or more before investing your money in any platform. Siliconsignals.com does not seem to have any trade taking place, and you should be able to verify this through past trade evidence.
Transparency is vital while choosing to trust any company leading firms and expecting investment returns. You should find information regarding the founders and the kind of experience the team hold, which is also missing in Silicon Signals.
Investors do not know who is operating in controlling funds in this investment firm and the kind of returns expected is also not know. You also risk dealing with unregulated brokers, and there is no demo account to set up a winning strategy.
Regulation and Customer Support
Silicon Signals provide their address as 111 Baker Street, first floor London UK W1U 6SG. However, during our research, we discovered that this address is just made up and does not exist or has anything to do with Silicon Signals.
The features so many scam traits, and you should verify any information provided before investing a single coin. Under the FCA, they are not recognized, and this is direct proof that the company is not regulated.
Regulated platforms showcase a high level of transparency, and you can easily verify any of the information they provide. For any medium to generate funds from the public, they should give regulatory data first.
Investors who have any queries related to the company have to reach them using [email protected]. However, most legit investment firms provide operational contract support and, most preferably, use telephone contact.
You may end up investing your funds in a platform that may not last long in the market. Unregulated platforms may quickly go against any set guidelines. It is because they are not bound to any law.
Regulated companies will always provide you with legit regulatory data that can easily verify. The owner’s information is never revealed in unregulated companies. Hence, you should avoid such investment at all costs.
Once you fall for their catch, your details may end up getting blocked from accessing the company and any of the services. Different countries have set up various measures to protect the citizens from scammers. Therefore, you should invest with companies that showcase the same traits.
According to whois.com, Silicon Signals was registered in 2019 December. The registration expires in 2021 the same month. The company was updated in 2020 August. Scammers, NameCheap Inc mostly prefer the registrar used by this investment firm, and this is a major red flag. The domain name is Siliconsignals.com
Silicon Signals does not provide any information regarding the company’s founders. Moreover, we do not know the kind of qualification they have to trust the software. They do not have any past trade activities that you can use to verify the software has been completing trades successfully.
Investors are only promised the best algorithm to beat the market and generate a reasonable income. For You, yet the strategy is unknown. Therefore if you’re looking to make sensible profits, you should invest with legit tried-and-tested automated signal providers.
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