Price Action Forex Ltd provides trades on multiple instruments by using their 12 years of experience in the market. The company claims to have an accuracy of 90% on its signals. They also offer their indicators, signal copier, and trade managers along with a bunch of education material in the markets. Our article will see the providers’ various ups and downs and consider if traders should invest in the service.
The highlights of Price Action Forex Ltd
The signal has the following features, according to the provider.
The company claims that they are disciplined and consistent traders that ensure they are profitable in the long run. The trades are handed out with an accuracy of 90%, which provides a minimum drawdown and maximum profit.
Hard work and support
All the analysis is done by the signal provider, who aims to remove the hard work from the hand of retail traders. The company tries to save money for beginners by using their own market experience.
The support is available 24/7 where traders can message the team, and the manager will reply as soon as possible.
Trading strategy of Price Action Forex Ltd
The signals are available for traders who pay for the program. Investors will be added to the Telegram channel where they can follow all the positions that are sent throughout the day.
The company presents three different trading signal options but fails to give us enough information on the strategy. The PAICC works with a risk-reward ratio of 1:2, whereas the scalp trades the markets for a short duration. The VIP plan provides trades with a small stop loss and also aims for a profit factor of 1:2. There is no trading history that we could use to analyze the average holding duration and other measurements of the signal.
There are no backtesting results available for the algorithm that is being used with one of the programs by the company. Failure to produce historical records depicts that the algorithm might have failed during the testing.
Trading results in real time
The company also does not share its records through Myfxbook. This is an inferior approach which shows that the provider is not willing to give any transparency.
Price Action Forex Ltd price
The company provides its VIP plan for an asking price of $40 a month. Traders can buy the service for a longer term, such as three months, for a discount of $30 charged every 30 days. The lifetime option is available for $299.
The developer provides customer support through live chat options available on the website. Traders can also contact them through the Telegram channel.
Are traders happy with Price Action Forex Ltd?
Customer reviews are available on the Forex Peace Army, which gives the company a total of 1.438 for 55 reviews. Customers state that the company is only looking to scam customers and are lying about their results. They report a high drawdown after using the algo trading model.
Another customer states that the company uses superb marketing strategies, and traders should not fall for them. The user says that they are using martingale to trade, which is extremely risky.
Price Action Forex LtdPrice Action Forex Ltd
Customer Testimonials2/5 Bad
- It has multiple subscription packages
- No live records
- No transparency of developer
- Uses risky martingale strategy