Easy Forex Pips is a Forex signals provider with alot of secrecy around their services. The developers provide no information about their corporation, but we can see that they are located at 4 Dean Stanley St, London, United Kingdom SW1P 3JH. They tell us that they are a team of traders with more than 5 years of experience in the financial markets, but they do not introduce us to any of their analysts.
They feel that their expert team of market analysts set them apart from their competitors, and contribute to their 95% win rate. This is a very high win rate, and thus it is important for us to analyze their statistics to see if they can back up their claims, with verified proof.
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Easy Forex Pips Review
Easy Forex Pips is a Forex signal service that promises a human touch to the process that most other products in this marketplace just don’t provide. Overall, the Easy Forex Pips website is quite barren of detail and insight into the service. The entire sales page is made up of brief, vague sentences that hardly paint a clear picture of their quality or abilities.
Each signal provides information about the best time to trade, the best way to place the trade and the currency pair to choose. The signals also come with the entry point, stoploss and potential take profit targets, which allows for the trader to play a role in deciding when to close the trade.
According to the website this Forex signal service has 13,000 people in their free channel, 200 people in their VIP channel and over 2 years of history trading. It’s unknown where this history is coming from, because the EasyForexPips.com domain was registered for the first time 219 days ago. It’s possible that this vendor was selling their signals via a different service, or name but it’s also possible that they purchased being deceptive about their founded date in order to seem more reliable.
How Easy Forex Pips Operate
During our review of the Easy Forex Pips, we saw that they stated some facts on how they deliver their Forex signals. They send signals between 8AM and 12PM GMT +3, during the London session and utilize Telegram messenger or Email notifications for distribution purposes.
The website is an aesthetically pleasing, but lacks major detail in some of the most important areas.
- Type: Forex Signals
- Price: $45-105
- Strategy: Undisclosed
- Signal Frequency: 4-7 per day
- Pairs: Undisclosed
Classically, there are more than one subscription plan for you to choose. Traders can access the Easy Forex Pips signal service by purchasing either a one month, 3 month, or six-month membership.
The one month membership costs $45, the 3 month membership cost $75, and the 6 month membership cost $105. All of these plans are on a monthly basis.
Each plan comes with the exact same service, which includes 47 signals per day, 1 to 3 targets per trade, money management tips, live telegram alerts and a promise of 1500 to 2000 pips per month. This claim, alongside the promise of a 95% win rate seems highly unrealistic, which is why it’s time to dig deep into their trading performance.
At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.
It is quite disappointing that Easy Forex Pips did not provide a verified proof for their claims.
The vendor provides a latest results table which includes 6 trades, which can easily be cherry picked, because they are not connected to any trading statements service like Myfxbook. It’s also worth noting that these results aren’t even from the VIP signal service, but are free signals they provide once a day.
These signals can also be found in their Facebook page, but they don’t provide a single record or statement with any of their VIP signals.
They need to make drastic changes to their trading results before the service can be relied upon. There is no reason why they can’t connect their signal service with a statement sharing service provider, and provide the community with verified trading results.
Many of the comments online refer to the service as an outright scam, and the vendor hasn’t shown face to say otherwise. This is a Forex signal service to avoid as it stands.
Our best advise for you
While the Easy Forex Pips website is very aesthetically pleasing, and comes across as quite professional, they are missing some key aspects. There is very little detail about their strategic approach, and their trading results don’t measure up with their competition in 2019. We will revisit this review in 6 months, and see if anything has changed. If you are a struggling trader who would like to make consistent returns from your trading, make use of these products.