Trade X Signals (Tradexsignals.com) is a signal provider that offers free services via Telegram. The robot fails to give investors relevant information regarding their strategy and trading frame. And this leaves a lot of questions than answers in regards to how they produce these signals. The robot is a failure in our eyes and has a lot of loopholes. These are the robots investors should be wary when using. Avoid the robot as there have been numerous complaints lodged against the robot.
When you visit the homepage, there is more than meets the eye. The homepage does not have a single page where readers can know more about the robot. And this is a huge problem as investors are supposed to trust such a website. Trust in the online trading world starts with service providers offering information to investors. Trade X Signals is not the type of robot that is willing to share vital data. And this is why we believe they are taking advantage of users who sign up with them.
Experts recommend using safer and tested Forex trading robots for profitable trading experience. With affordable and proven robots, trading becomes easier and safer. These robots ensure your investment bears realistic profit margins. And this is what every successful investor uses.
Trade X Signals is not a platform that has any positive reviews. Several clients have contacted us, asking for an in-depth investigation. The investigation revealed some damning facts surrounding the robot. It seems that the creators of this program have been in creating scam robots over the years. Thanks to domain insights, we have learned that the website is not as clean as they want us to believe. Read this entire TradeXSignals review and find out the dangers of using this robot.
We believe that the robot is strictly dealing with Forex assets, although it remains unclear. There is no adequate information regarding how the platform works and assets available. No one knows the currency pairs available on the robot. The developers wanted to create a robot that is trusted without any questions asked. And this is why we have to expose the robot for trying to throw off newbie investors. No one knows the type of assets available or whether they deal with major or minor currencies.
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The people behind this platform seem to be hiding behind the robot. They fail to give users the full names of developers of the platform. Anyone who deposits funds with the robot should know they are investing with unknown persons. And it is our strict observation that anonymous online platforms are to be exposed. The investor has the right to know who is handling their funds. Anonymity breeds a lot of risks, including withdrawal requests being blocked. And this is what some of the members are witnessing with the platform.
Comments from members who have signed up with the robot are far from being positive. Most of these clients are ruing signing up with Trade x signals. They claim that the robot is unwilling to allow withdrawals. The robot may be free, but there are other hidden charges which they fail to disclose. And this is the reason why no one should sign up with a robot that has no credible trading information.
Domain details give us an idea of when the website went live and their background and history. What is clear with Trade X Signals is that the site went live over five years ago. They have made 14 unique changes on their IP address for that amount of time. And this points to a website that is changing its products with time. First, they create a bogus site, operate it for a while, and then change the product’s name. It is why they have been able to work for long without the attention of authorities.
They claim to provide signal frequency one to three times a week. The trading strategy remains unknown as they fail to give users this information. They claim to sell the robot for free, which is another lie. Users have to pay hidden charges upon signing up with the robot. It seems there are commissions set for each signal provided and profits earned. Using such a platform is a mess as it leaves investors in a risky spot.
It is NOT LICENSED OR REGULATED by any regulator in the industry. Their IP details show most of the traffic is in the United States. We checked with the regulators in this region for information on their compliance. The CFTC and NFA have not heard of such a robot operating in their jurisdiction. And this is what makes the robot a massive problem as it offers no insurance cover.
The website is also at fault for not giving investors details of their license credentials. A legit robot will provide their license status for all to see. The status will give investors information on whether the robot is compliant. This robot fails to provide any terms and conditions features on their website. Investors are signing up to a site that is technically not a trading robot. It is a website that claims to offer trading signals. What about the methods of sending trading signals?
They are not furnishing users with any account type, which is a bit odd. Robots do come with different plans to cater to different classes of investors. The robot is free and will attract more investors, which is their plan. They want to have a lot of investors signing up, not knowing the features available on the platform. Without an account type, different investors will be asked to deposit various sums for investment. And this is why we believe the robot is taking advantage of investors.
Another severe problem facing investors using this robot is the lack of proper communication channels. These robots will, without a doubt, cause a lot of issues to investors by blocking communication. Ensure you stay away from the platform and use industry products with credible contact information.
It is not able to provide concrete trading results of how their robot performs. A look at myfxbook shows that there is no record of such a platform’s trading records. And this means the entire robot is selling empty claims and promises. A good robot will have shown their trading results for all to see. Without any trading results, the robot is merely sending investors in a wild goose chase. Stay away from such products with no proof of concept.
These robots have a terrible time proving they indeed work. There are no concrete results, and no one coming out with proof of winning with the bot. Another severe issue we found out with the website is in regards to user security. The website fails to offer security software on its website to protect users from third-party attacks. And this means hackers can easily steal your private data from this website.
Trade X Signals is a scam that must be exposed by all parties. They have no credibility and offer unknown trading strategies. And this is the reason why we have flagged them down as a scam. Make sure to warn your loved ones on the dangers of using such a platform.
By adding the robot to our scam blacklist, we will be protecting our esteemed readers.
Use credible and tested Forex trading robots at all times. They guarantee the safety and offer realistic profit margins. What are you waiting for? Get and sign up with one today.
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