FX Profit Pips is a provider of free and paid signals for the Forex and the Commodities market. As per the vendor, the service helps in increasing your returns with the support offered by its professional team of traders. The trade alerts are sent through SMS and WhatsApp on your mobile. The vendor does not reveal much info on the company, the team members, its other products, etc. Other than the mention of 56 experts working with the company from 11 major countries, we could not find vendor details. The lack of vendor info raises a red flag for this company.
The highlights of FX Profit Pips
As the features of this company, the vendor provides several characteristics that make it gain a competitive edge. Here are a few of them.
Up to 90% accuracy
The vendor maintains that the trade alerts have an accuracy of over 90%. All trade entries sent via the alerts show accurate TP and SL levels ensuring profitable trades. As per the vendor, the alerts are generated by expert FX analysts ensuring accuracy.
A common standard for pips is used by the vendor to ensure you do not have massive losses while using the info in the alerts. Principally, a 1/100 of 1% is used for an amount of $0.0001. Having this common factor prevents big losses.
FX signal guides
As per the vendor, the guides help traders enhance their skills and know the right time for making profitable entries or exits. The company claims to have certified specialists who share their FX pips knowledge.
Our evaluation of the features, performance, and support reveals the claims of the vendor are false. The absence of a verified track record and a few other factors make us suspect the promises of the vendor are in vain.
Trading strategy of FX Profit Pips
The vendor does not explain the strategy used for generating the signals. The lack of info on the trading approach makes us suspect this is an unreliable expert advisor. As part of the working mechanism, signals are sent to the admin at FX Profit pips from where the admin team of 12 or more will send the signals to the client support division. You will get the trade alerts from the customer support personnel.
No backtesting reports are present for this FX service. Instead, the vendor provides the performance of the company in the previous four years.
From the performance results, we can see that the pips gained for each currency pair and total pips are present. However, the info in the results is not sufficient to assess the efficacy of the strategy. The lack of backtesting reports raises a red flag for this company.
Trading results in real time
Live signals of the company are found under a separate section of the official site. The info present includes details like the date, currency pair, buy/sell suggestion, TP, SL, trade-on amount, and the outcome. However, these are not verified results and do not provide info like the drawdown, profit factor, lot size, etc. The lack of a verified performance raises another red flag for this vendor.
FX Profit Pips price
Different pricing plans are present for this service. The starter, standard, Premium, and pro signals packages are offered. A price range starting from $10 up to $50 is present for the diverse packages. The features included in the plans are the number of profitable pips, currency pairs, commodities, WhatsApp signals, pending orders and live signals, fixed TP and SL, and live chat for 24/5 support.
Pro plans that have no subscription fee are also present. You can choose from the basic, professional, and business plans. You need to deposit a minimum of $1000 to $10000 for using the plan. The trader team and account managers take care of the trading. While there is no fee, the company takes a percentage of the profits from the managed account.
For support, an email address, an online contact form, and a live chat feature are available. We could not find a location address or phone number for contact making the feature inadequate.
Are traders happy with FX Profit Pips?
We could not find user reviews for this FX service on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of feedback shows this is not a popular product among traders.
FX Profit PipsFX Profit Pips
Customer Testimonials1/5 Awfully
- An accuracy of over 90%
- Provides alerts for FX pairs and commodities
- No explanation of the trading approach
- Lack of a verified track record
- Absence of vendor transparency