FX Leaders Review: Things to Consider Before Investing

FX Leaders

FX Leaders provides a diverse range of services such as real-time market data, analysis of the market, recommendations, trade concepts, and signals to help FX traders. It boasts of being a gateway to the FX market for traders globally. Real-time alerts are sent for FX currency pairs, commodities, indices, and other instruments. 

As per the vendor info, the expert analysts’ team generates the alerts. The team is led by Skerdian Meta. Other members include Rowan, Shain, Eric, and Arslan. In the About Us section, we can find info on the team members, their experience, and expertise. The website domain is registered from 2012 to 2021. A location address is provided for the vendor but there is no phone contact. An online contact form is present for support.

The highlights of FX Leaders

Features of FX Leaders
Features of FX Leaders

Here are some features that according to the developer set this service apart in the market:

Long and short-term signals

The vendor provides alerts of a shorter timeframe ranging from 10 minutes to a few hours. The pips assured range from 15 pips to 50 pips depending on the market trend. For the longer-term alerts, the timeframe used ranges from 1 day to a few weeks or more. The assured pips range from 70 pips to 250 pips. 

Commodity alerts

Besides currency pairs, the company also provides alerts for commodities like crude oil, platinum, silver, etc. It also offers crypto trading ideas for BTC, DASH, LTC, and more.

Manual signals

In contrast to the automated generation methods, the company provides manual signals. The experienced analysts’ team uses manual strategies for generating the alerts.

From the above features, it is clear that the vendor does not reveal much info on the features and benefits present. The lack of info prevents us from making a proper evaluation of the service.

Trading strategy of FX Leaders

According to the vendor, using the service is easy. You can use the free service that offers signals on which can be accessed from the official site. Or, you can subscribe to the premium package to receive alerts via email and push notifications. You need to copy the parameters to your account and start trading.

For the strategy used, the vendor explains that the analysts’ team uses various methods like sing, day, fundamental analysis, and technical analysis for identifying the required entries, exits, and other data. We find the explanation offered is insufficient.

Backtesting reports

There are no backtesting reports present on the official site. Strategy tester reports are preferred by traders as they provide info on the approach used and its effectiveness. The absence raises suspicion on the reliability of the service.

Trading results in real time

Performance report of FX Leaders
Performance report of FX Leaders

The vendor provides a comprehensive report on the performance of its signals. The profit/loss report is however available only to premium users. They receive the P/L report dated back to several years. You can filter the report to know details like specific instruments, signal types, closure of the signal, and date range. As seen in the image above, the report reveals the type of alerts, the closed date, specific instrument, action, TP, and SL.

FX Leaders price

Pricing package of FX Leaders
Pricing package of FX Leaders

For subscribing to the premium plan of the company, you have to pay $9.80 per month which is an annual plan or you can purchase the plan for one whole year with an AVATrade broker. Features available with the package include mobile and email notifications, long-term signals, unlock entry price and full access to the performance reports. No money-back-guarantee is present. When compared to similar subscription services, the price is not expensive.

Customer support

For support, an online contact form is present. We could not find a live chat or phone number that provides a quicker response to user queries and complaints.

Are traders happy with FX Leaders?

We found user reviews for this service on the FPA site. There are 24 reviews with a rating of 2.616. Here are a few of the feedback:

User review for FX Leaders on FPA
User review for FX Leaders on FPA
User review for FX Leaders on Forex Peace Army
User review for FX Leaders on Forex Peace Army

From the above feedback, we can see the service is poor and customer support is not responsive.

FX Leaders

FX Leaders
2 5 0 1
FX Leaders have diverse tools that traders could benefit from. The free service and affordable premium service are advantages we found in the service. However, the lack of info on the strategy and unsubstantiated performance reports are drawbacks you should consider before you decide on this service.
FX Leaders have diverse tools that traders could benefit from. The free service and affordable premium service are advantages we found in the service. However, the lack of info on the strategy and unsubstantiated performance reports are drawbacks you should consider before you decide on this service.
2/5
Total Score
  • Functionality
    3/5 Neutral
  • Trading Strategy
    3/5 Neutral
  • Live Results
    2/5 Bad
  • Customer Support
    2/5 Bad
  • User Reviews
    2/5 Bad

Advantages

  • A diverse range of features
  • Free and paid signals

Disadvantages

  • Inadequate strategy explanation
  • No verified proof
  • Absence of refund policy
Total
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