By 
Easy Forex Pips trade all the market sessions and claim to guide on the best currency pairs and strategies to follow. After getting the proper setup, the team gives out immediate trading signals to their clients with entry points, stop loss, and possible targets. The service goes with both trained and beginners.
The company claims to have more than 6,000+ people in their VIP channel with 4+ years of experience. The team does not provide any information regarding their foundation year and products, which raises questions about their transparency.
The algorithm has the following features:
- Beginner-friendly
- Trades in multiple currency pairs
- It comes with different membership accounts
- It gives 2 free trading signals daily for the registered users
- Profitable trades are guaranteed
- The company provides technical analysis, competence, and accuracy
How it works
Follow the following steps to make it work:
- Create a profile and purchase one of their packages
- Join their community via Telegram
- After getting the trades, copy them into your trading account
- Copy the stop loss and take profit as provided by the signal sellers
Trading strategies and currency pairs
The authors state that they trade on all market sessions and currency pairs. They use indicators to identify possible buy or sell opportunities. Each trade comes with a fixed stop loss and take profit.
Unfortunately, the trading history on Myfxbook is private, so we cannot analyse the strategy for ourselves. The developers provide no reason for hiding the transactions.
Backtesting
There are no backtesting records available that we could use to analyse the historical performance of the product.
Easy Forex Pips trading statistics
The company verified trading records were present from July 2019 to March 2021. They had 15,043 trades with a profitability of 70% and a loss rate of 30%. The average win ratio was 91.30 pips and a loss ratio of -165.20 pips.
Myfxbook records show a risk to reward ratio of 1.17 and a drawdown of 16.55. Daily and monthly gains were noted as 1.52% and 98.60%, respectively.
Live records on Myfxbook
Pricing and refund
Easy Forex Pips come with different memberships. They all include:
- Live telegram alerts
- 4-7 daily signals
- Chart analysis
- Money management tips
- 1-3 targets a day
Pricing of the product
The price and duration for each membership are $45/1 month, $75/3 months, $105/6 months, and $100/ year. The payment for the purchase can be made via PayPal, Master, Visa, etc. There is no refund information available on the platform.
Payment methods
What else you should know about Easy Forex Pips
The company has a rating of 4.7 on Trustpilot, with 336 reviews. One customer commented that the group has a horrible risk to reward ratio, and the company only shows about their wins and says nothing regarding their losses. He adds that the provider has inferior customer service.
customer review on Trustpilot
Another client called it a big scam and stated that the service is fake.
Customer review on Trustpilot
Comments