FXTrends Review (2020 Updated): Is this a Good Expert Advisor?
Is fxtrends.net a reliable forex signal provider? Is it wise to use FXTrends as a trade AI? Read this 2020 updated review of FXTrends to know if this forex signals is worth your time and money.
The internet gets dangerous everyday. Online scammers pop up everywhere giving honest forex traders little and less to trust. Luckily, we have made it our duty to review websites, investments, etc. to help you see real from fake, and truth from lie. This review covers all you will need to know about FXTrends Forex Signals Advisor.
What to Know About fxtrends.net
FXTrade Forex Signals is a service that supposedly provides 90% accurate forex trade signals and promise their clients up to 1500 pips per month. These forex signals are created for the benefit of traders, new and old who have problems generating steady profit. They claim to have been in this service for about 10 years even though their website was created in June 2020.
FXTrade forexsignals on their website, are not so generous with information concering their creators, operators or location. We find this quite disturbing. Nevertheless, the promises they make, should they be kept, could make them one of the top forex signal providers on the market.
The million dollar question becomes, have they lived up to these promises?
Things to Note About FXTrade Forex Signals
Before relying on fxtrade.net for your forex signals, here are some things you should know;
Trading Platform
Fxtrade.com does not explixitly state what trading platform, they make use of. They do recommend in their FAQ section that clients have the MT4 trading platform. They however, promise about 3 – 7 forex signals per day.
Under the FAQ section, when asked how they provide the forex signals, the answer they give is, “We analyse the market and provide you precise details of the Entry price, and Take Profit in our Telegram Channel. We provide money management advise to the VIP members which means we tell them which lot size to use. We update the members when to close a trade and lock profits.”
FXTrade have some of their trading results displayed on MyFXBook. But so far none of them have been verified. For all we know, this EA vendor can’t prove the numbers and statistics provided
Trading Strategy
FXTrends.com make use of a trading strategy referred to as “Swing Trading”. This method involves certain principles, yet unrevealed to us, that grant the clients an edge in the market. They claim they apply dynamic trading strategies to always adapt to market movement.
Most of the strategy revealed by the website involves little and less insight. They seem to for some reason, be stingy with these tiny details.
That being the case, let’s take a look at FXTrends Forex Signals, Pro-Con method.
Pros
- They promise a 90% winning signals and about 1500 pips per month
- FXTrade has a fair price of $19.99 per month with their 50% discount
- They offer telegram signals
- Make use of Swing Trade strategy
Cons
- FXTrade.net does not have verified trading results on MyFXBook
- No background information is provided about who they are or where they operate from.
- Even their unverified results on MyFxBook do not meet their 1500 pips per month promise.
- They do not have client feedbacks on third party sites.
FXTrade Forex Signals Review: Conclusion
So far, we haven’t been satisfied by the little information provided by this platform. It would seem they conveniently left out too many important pieces of information. For this reason, we cannot recommend FXTrade service. Our opinion might change should their trading results on MyFXBook be verified by clients. But for now, it’s a no from us.
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