Telegram Connector Review: Things to Consider Before Investing

Telegram Connector

Telegram Connector is a software program that allows you to link your MT4 and MT5 trading accounts with Telegram signal provider groups. It lets you trade in all kinds of assets and provides detailed analytics reports. 

The parent company behind this system is located in Regensdorf, Switzerland. We have the official address of the headquarters and also the official email address on the website. However, there is no background information on this company. As such, we don’t know when it was founded or who are the main individuals running the company. It is unknown whether this team has built similar systems in the past.

The highlights of Telegram Connector

Here are some of the main features of this signals provider:

Risk management

You can manage your risk for each trade by using different lot sizes for signals. Alternatively, you can use a certain percentage of your account balance. The risk for each asset and each account can be controlled individually.

Signal analytics 

Telegram Connector has an in-built analytics module. Here, you can check the performance of each signal provider channel individually. 

Different order types

You have the option of choosing between instant and pending orders. It is possible to define the maximum amount of pips by which the entry price can differ from the market price. Telegram Connector also lets you set the expiration time for pending orders. 

Custom take profit and stop loss levels 

Users can set their own stop loss and take profit levels. Telegram Connector will use the settings for all signals from that channel. It can read several take profit levels and execute each of them. 

Multi language

This signals provider has an in-built multi language tool thanks to which it can read signals delivered in any language.

Trading strategy of Telegram Connector

First, you need to choose one of the many plans offered by Telegram Connector. Then, you will receive an email with the software product. Go through the instructions to install the system on MT4 or MT5. After this, you should be able to receive signals from Telegram channels. The system is compatible with all brokers that support MT4 and MT5. 

The vendor recommends using VPS software along with this signals provider. This is because you need to leave the computer and software open at all times to make use of all kinds of trading opportunities. The trading strategy for a particular signal depends on the signal provider group. Telegram Connector can read any signal format delivered by a provider. 

The developer updates the system frequently to keep it up to date. If there is a signal format it does not support, you can send an email to the service team and they will add it. 

Backtesting reports 

Backtests are conducted on expert advisors to reveal their long-term performance. Vendors use historical data to test their systems over a long time period. However, Telegram Connector is just a software program that connects your trading platform to a Telegram signals group. Thus, there are no backtesting results for it.

Trading results in real time 

Unfortunately, the vendor has not shared the verified trading results for this signals provider. Thus, we have no idea whether the signals allow you to close trades in profit. Without verified statistics, we cannot determine whether the risk management features mentioned by the vendor are truly effective.

Telegram Connector price 

Pricing plans of Telegram Connector
Pricing plans of Telegram Connector

There are four pricing plans for this signals provider, namely Free, Basic, Pro, and VIP. The Free plan only gives you a single MT4 account. With the Basic plan, you get two MT4 or MT5 accounts for $34.99/month. The Pro plan supports five accounts and costs $49.99/month. Finally, there is the VIP plan that lets you connect ten MT4 or MT5 accounts for $79.99/month. There is no refund policy for any of the plans.

Customer support 

To contact customer support, you can use the contact form on the website. Alternatively, you can send an email to the address provided. 

Are traders happy with Telegram Connector?

User reviews for Telegram Connector on Trustpilot
User reviews for Telegram Connector on Trustpilot

We came across several reviews for this system on Trustpilot. One of the users has complained about the installation not working and the service team not being able to solve the issue.

Telegram Connector

Telegram Connector
2 5 0 1
Telegram Connector is not supported by verified trading statistics. As such, we don’t know whether the trading signals are truly profitable. There is no background information on the parent company and the vendor does not offer refunds.
Telegram Connector is not supported by verified trading statistics. As such, we don’t know whether the trading signals are truly profitable. There is no background information on the parent company and the vendor does not offer refunds.
2/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    2/5 Bad
  • Reliability
    3/5 Neutral
  • Price
    3/5 Neutral
  • Customer Testimonials
    2/5 Bad

Advantages

  • Instant order execution

Disadvantages

  • No trading statistics
  • No refund policy
  • Lack of vendor transparency
Total
0
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