FX Profit Signals trades on multiple currency pairs and tracks their records on the website. The company has multiple subscription packages available and uses automated copy trading software to avoid manual executions. Traders can get in through free or paid subscriptions. We will go through all the advantages and disadvantages of the service so you can make a purchase decision at the end.
The highlights of FX Profit Signals
According to the provider, the signal has the following features that set it apart from others in the market.
The company provides its services through multiple subscription packages. This includes the premium black, VIP, and Fx Premium for an asking price of €99, €45, and €69, respectively.
The lead trader of the program is Mathew Adams. They claim to have a total trading experience of 15 years and are swing and day traders. The author claims to provide education and trade insight with their extensive market knowledge.
Trading strategy of FX Profit Signals
The company states that they provide a clear entry and exit for each trade. The trades come with a risk-reward ratio of 3:1 for the VIP signals package. A trend-following game plan is under use on the H4 time frame and is stated to have an 80% success rate. From the charts shared on the website, we can see that the plot supports resistance lines and uses moving averages. The positions come with multiple take profits that vary from 10 to 100 pips. The stop loss is fixed at 45 pips.
The company does not provide any backtesting records for the game plan they are trading with. Failure to give us conclusive evidence on historical testing raises many concerns about their profitability.
Trading results in real time
There are no live records available on Myfxbook or FXBlue that could help us determine the current performance of the service. They only track the latest closed trades on their website manually.
FX Profit Signals price
The author sells the service through multiple subscription packages, as mentioned before. It starts from the VIP, which comes at a minimum of €45 per month with 5-7 signals each day.
The Fx Premium plans are listed at €69 and €216 for one month and a year. They aim at getting 1000-2000 pips each month with trend reversal signals.
The Fx Premium Black is the most expensive, starting at €99 each month. They provide short and long-term signals with support for cryptocurrencies and binary.
Traders can contact the developer through the support ticket available on the website. It is also possible to send a message via social media channels. There is no information present on the hours when the service is available.
Are traders happy with FX Profit Signals?
Five reviews on the Forex Peace Army give the signals a total rating of 1.156. A trader says that they tried copying the signals for one month and could not find their service profitable. They had a lot of technical problems and lost some money.
Another trader says that most of the trades from the company do not even reach the first take profit and result in a stop loss. At the end of the month, they could not get back the money they invested.
FX Profit SignalsFX Profit Signals
Trading Strategy2/5 Bad
Live Results2/5 Bad
Customer Support3/5 Neutral
User Reviews2/5 Bad
- Multiple subscription packages
- Little information on the strategy
- Lack of vendor transparency
- No proper live records