FX Premiere Review: Things to Consider Before Investing 

FX Premiere

FX Premiere is a Forex signals provider offering daily trading signals. With these signals, you don’t need to spend time analyzing the market factors. You can get signals for up to 15 Forex signals daily on this platform. 

The FX Premiere Group was founded in 2010. This company has its head office located in Belize. The support agents are located in Malta and Singapore, while the account agents are based in the UAE and the UK. The vendor has not revealed the identities of the team members and we don’t know if this company has built other trading systems in the past.

The highlights of FX Premiere 

Here are the main features of this system:

Reliable signal sources 

The team of analysts behind this platform is highly experienced. The VIP packages have 50 dedicated signal sources and the analysts make sure the trades are profitable before sending the signals to the clients.

Multiple strategies 

The signals are based on technical and fundamental analysis. FX Premiere also uses advanced charting tools for generating the signals. They are based on different strategies like Fibonacci levels, Support and Resistance levels, Bollinger Bands, and Moving Averages.

Free signals 

By joining the official channel on Telegram, you can get free trading signals. The trial plan provides 2 signals daily.

Trading strategy of FX Premiere

To get started, first you need to select one of the signal packages. After completing your purchase, you need to check for the welcome email. Once you reply to the email, your plan will get activated and you will start receiving signals via Telegram. You can get signals for pairs like EUR/USD, USD/CHF, EUR/CHF, USD/CAD, USD/JPY, GBP/USD, EUR/GBP, AUD/USD, CHF/JPY, AUD/JPY, EUR/JPY, NZD/JPY, GBP/JPY, and NZD/USD.

For finding medium to long-term trends, the analysts use Fibonacci Retracement levels. They also assess support and resistance levels and catch market corrections with Bollinger Bands. For calculating the average price, Moving Averages are used.

Backtesting reports 

Backtests are important for expert advisors because they reveal long long-term performance. Since this is a signals provider and not an EA, there are no backtesting results to analyze.

Trading results in real time 

Growth chart of FX Premiere on Myfxbook
Growth chart of FX Premiere on Myfxbook

There are no links to live trading accounts on the official website. After conducting our own research, we managed to find this trading account on Myfxbook that was launched on September 29, 2012. This account was last updated on December 6, 2013. Thus, we cannot get a clear idea about the profitability of the system by studying the results.

The vendor has hidden the trading history for this account, along with some key parameters like Balance, Equity, Higher, Profit, and Interest. During the time it was active, the system conducted 826 trades, winning 54% of them. The win rate was moderate and so was the profit factor of 1.43. The account had daily and monthly gains of 0.04% and 9.96%, respectively, while the drawdown was 24.45%. Looking at the high drawdown, we can tell that a high-risk trading strategy was being used.

FX Premiere price 

There are three pricing plans for this service, namely Basic, Standard, and Premium. With the Basic plan, you get 2-15 daily signals, signals from up to 50 sources, as well as daily Telegram signals in exchange for $37/month. 

The Standard plan costs $97/4 months and gives you all the Basic features, 6-15 daily signals, as well as a free MT4 indicator worth $247. With the Premium plan, you get 8-15 daily signals in exchange for $199/year. There are no refunds for any of the plans.

Customer support 

This company offers customer support via live chat. The live chat replies for Telegram are open from 9 AM to 11 PM Switzerland time.

Are traders happy with FX Premiere?

User review for FX Premiere on Trustpilot
User review for FX Premiere on Trustpilot

There are thousands of reviews for this signals provider on the Trustpilot website. In one of the reviews, the user has claimed that the company offers free signals for users who write positive reviews. They have also stated that the signals perform poorly and the vendor is not transparent about the results.

FX Premiere

FX Premiere
2 5 0 1
FX Premiere is a signals provider that does not have a verified track record of winning profits in the live market since 2013. For some reason, the account owner has discontinued the trading results. Although the pricing plans are quite affordable, there is no money-back guarantee offer. Also, we don’t know much about the analysts generating the signals.
FX Premiere is a signals provider that does not have a verified track record of winning profits in the live market since 2013. For some reason, the account owner has discontinued the trading results. Although the pricing plans are quite affordable, there is no money-back guarantee offer. Also, we don’t know much about the analysts generating the signals.
2/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    3/5 Neutral
  • Reliability
    2/5 Bad
  • Price
    3/5 Neutral
  • Customer Testimonials
    2/5 Bad

Advantages

  • Free signals
  • Affordable plans

Disadvantages

  • Discontinued trading results
  • No money-back guarantee
  • Lack of vendor transparency
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