Forex Pips Signal is a vendor of Forex alerts that claims to deliver signals that make up to minimum +800 pips profit guarantee per month. Despite this big claim, the owners of this signals service fail to tell us a reasonable detail concerning who they are and where they are operating the signals service. What more, the client reviews of this service doesn’t seem to be that helpful as the feedbacks so far for the Forex Pips Signal is not positive.
In order to come in contact with their support, traders should use contact on their web site.
Forex Pips Signal Review
Forex Pips Signal works on important Forex pairs including EURUSD, USDJPY, GBPUSD, USDCHF. CLients interested in getting the Forex Pips Signal will see two kinds of package; a standard membership package that provides traders with all the currency pairs, email trade alerts, entry price, take profit price, updated stop loss, and 24/7 support and it costs $40. The package last for a year. A premium package that costs $100 and lasts for 3months offers same as the former but just the duration. There is a testing package that cost $10 and we wonder why a trial service should cost a dime. Also, the vendors did not disclose the signals frequency which is the main reason they should provide a free testing service.
Otherwise, a Free demo accounts offer you a chance to test a forex expert advisor performance. These accounts let you use virtual money to make trades and test strategies. Daxrobot demo account is completely free and let you enact all the important trading functions, including setting up alerts and creating stop-loss orders.
Trading Strategy
During our check on Forex Pips Signal, we saw that the strategy explanation is basic and lacks fact. They want their clients to believe that their ”analytical expert team” is the reason why they are the best Forex signal provider. We could not see them mention important trading strategies like technical analysis and fundamental analysis.
In the other hand, technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
Trading Result
The Forex Pips signal provided screenshots showing date, currency pairs and total profits for you to see but did not show any verified trading result. Forex signal result should be verified by third party statement sharing services like myfxbook or FXBlue.
Compare Forex Signal Providers
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DaxRobot is currently the most popular CFD and Forex automated trading robot, that was designed by European software, see more. There are no actual trading result because the variable are too numerous. Signup for a free demo at daxrobot.com.
If you are using this Forex Pips Signal let us know how it performs with you below.