ForexSignals Review: Is It a Scam?

By ETFhead 1st November 20211522 views

ForexSignals is a company that focuses on providing services with signals for everyone. The only climb is “Forex trading signals alone are not enough. You need tested strategies, powerful tools, and experienced traders to arm you with knowledge. That’s where we come in.” It’s impossible to trust them blindly. We are going to figure everything out.

The presentation is flooded with information that isn’t connected to what we need to make a wise decision about the system and if we want to follow it.

We can rely on their help as over 83000 traders before.
It’s a ridiculous statement.
We may want not only signals from them “There’s a one-stop-shop for all Forex things.”
We can rely on analytic materials that they provide from time to time.
There are live streams that can make us a better trader.
We can share trading ideas that we generated.
The trading experience of the developers is 55 years.
This must be proven.
Pro traders will work with us in the 24/7 chat
The database has over 300 hours of “easy-to-understand video lessons.”

ForexSignals application

The developers have developed their own application to deliver services.

ForexSignals explanations

There are strategies for all types of trading.
We can use an intra-day trading strategy that works with powerful technical indicators to spot market moves.
There are Trend Surfing EA mentioned. We don’t know much about it.
If we need help with lot sizes and other money management questions we should be free to ask.

Trading strategies and currency pairs

The strategy details weren’t revealed to us.
We don’t know what cross pairs they focus on.
The same we have about time frames.

ForexSignals trading statistics

We have no backtest reports provided. It’s a huge con because we don’t know how the system was tested and how it worked with tick data received from a broker.

The developers decided not to provide visitors with trading results that would explain to everyone how the system works and what we have to expect from it under real market conditions. Usually, developers provide trading results verified by Myfxbook or FXBlue. These sites provide an extended level of statistics and charts that help people to understand how the system works. At the same time, the claim about 55 years of experience should be proven.

Pricing and refund

ForexSignals pricing

We have three packages available for purchase. The apprentice pack is available for €79, when the committed pack costs €41.5, and the professional (ultimate) pack can be bought for €39 monthly. The list of features includes:

Trading room access
Pro trading video academy
Daily live trading sessions
Trade sentiment analysis
Weekly hot-pick analysis
Real-time global news stream
Live interactive workshops
Access to pro trading tools
Exclusive brokerage access
Direction from mentors
One-on-one with a mentor
Direct Line to Mentors
Trend Surfing EA
License Key to forex tester 5.

ForexSignals trial

The developers want us to try their service via a 7-day trial. To claim it, we have to provide our email. Where the spam will be sent.

What else you should know about ForexSignals

The devs avoided providing some relevant information that can be treated as proof that they have proper experience and the most important success to teach us how to trade on Forex.