FX Leaders is one of the popular signal providers in the market. They trade a range of financial assets and keep their services limited to the premium membership. Free members can also follow their trades, but they are deprived of the entry price.
FX Leaders Robot Review
FX Leaders have the following features with their service:
- Signals available for a wide variety of instruments
- Trades are monitored regularly through the website
- Day and swing trading available
- Trading records for a long duration to verify their results
- Different tools are available on the website to help in trading
How It works
FX Leaders works through a subscription service where you have to copy and paste the trades on your account. There is an option to set up email and cell phone notifications as well. It is quite an inadequate approach to not use any automated copying solutions even after significant developments in the fintech sectors and tons of free copy-trading solutions in the market.
Trading Strategies and Currency Pairs
FX Leaders use both long and short-term strategies where they may open orders for a duration of a few hours to several days. They do not mention explicitly what kind of strategy they are using but share their trading ideas. We can see that the service providers use both technical and fundamental analysis to open trades. Each trade comes with designated stop loss and take profit levels. They trade on cryptocurrencies, Forex, metals, and indices. For a normal trader, it can be hard to follow so many pairs.
FX Leaders Statistics
FX Leaders fail to provide conclusive evidence of their profitability. There are no results available on noted websites such as MyFxbook from where they could confirm the authenticity of the system. They do have a signals report on their webpage, which is only available for premium members. Even if they were present for free, we could not use them as it is pretty easy to manipulate them. It raises some red flags over the transparency of the system. The provider is definitely hiding something and is willing to show it after taking some cash out of your pockets.
Pricing and Refund
You can subscribe to their service for a monthly price of $39 or choose the yearly plan at a rate of $9.8 a month. As with other signals services, they also offer to join for free through their affiliate program, which is just a way for them to earn even more bucks. To explain further, once you open an account with Avatrade, they will receive a commission on every trade you make. This makes up for a good passive income for FX Leaders.
What Else You Should Know about FX Leaders
FX Leaders have incredibly bad customer reviews on noted forums such as Forex Peace Army and Trustpilot. Users complain about their bad strategy and loss of funds. They also state that the company is a thief and is constantly debiting their debit cards. On Trustpilot, the signals service has an average rating of 3.1 for a total of 29 reviews, while on FPA, it is 2.766 for 24 feedbacks. Some of the reviews have been removed as they were suspected to be written by the vendors themselves. All the adverse outcomes suggest that the FX Leaders company is not trustworthy, and you should stay away from investing in it.
FX Leaders Conclusion
Almost all the signal services online lie about their statistics and fail to show any real proof of their consistency. FX Leaders is no different in this case as traders report consistent losses after using them for a long duration.
Trading results 2/10
Vendor transparency 3/10
Customer reviews 2/10