Blue Mind FX is offering signals service that is based on an undisclosed strategy. Allegedly, the signals will make you up to 300-500 pips net profit per week. Anyone who has experience in the online space will already know that these claims are false.
Unfortunately, many beginners will definitely believe in these fake narratives and waste a lot of time on them. Earning money was never easy unless you have a skill set that you can leverage.
Join us in this thorough review to find out everything you need to know about this new type of signals scam.
This firm claims to be operated by a man called Richard from Canada. In order to get in touch with support, traders need to cite the service, and then that will get access to telegram. Due to the lack of any real testimonials, we don’t know the way their support team functions yet.
Blue Mind FX Review
Blue Mind FX is said to make money by trading the forex pair XAUUSD. They brag about their team and talk about the years of experience they have. However, they have not shown any concrete evidence to back up any of their claims.
There is no contact page or telephone number whatsoever on their site. Isn’t it strange for a firm that supposedly helps people earn a fortune to operate in this kind of mysterious manner?
Ask yourself, have you seen any investment firm or signals provider functioning without providing telephone assistance to their clients? Seems like these criminals did not do their homework.
Moreover, there is no verifiable trading history shown on their platform. Richard did not tell us about their decision-making process and there is no clue about the parameters they consider before opening a position.
In short, gambling seems to have better odds, than investing with this firm. Trading any market requires a certain skill set and approach. If you plan to venture into trading before figuring out the prerequisites, then you will get hurt financially.
Making profits on a daily basis is the aim of every trader. Before you start daydreaming about the potential rewards, you should always consider the risks as well. Have a look at their investment plans, which is the only advantage you can gain from this service.
- Type: Forex Signals
- Price: $20/month
- Strategy: Undisclosed
- Signal Frequency: 1-4 Per Week
- Pairs: XAUUSD
The only thing that we think Richard is fair enough is the subscription price. The Blue Mind FX comes with a price as low as $20/month.
It’s important to go back to the front page of the Blue Mind FX website, as it’s on this page where the vendor claims that they can “make 20% average return a week consistently with 300-500 net pip/ week.” When you go to their performance page, there are only screenshots of trading accounts and no real Myfxbook access.
Although the sales pitch is quite welcoming and the subscription price is making a lot of sense, Richard is not fair enough when it comes to trading results. We are quite disappointed with the fact that their performance report is not audited by a third party.
Our best advice for you
Our Blue Mind FX review certainly leaves us with quite a few questions about the service, that remain unanswered. We really like to see some actual transparency when it comes to trading performance, and learn more information about who the vendor is, and whether we can trust them with our live account details. The reason we cannot recommend the product is because of a lack of transparency. Stick with these tools.