FX Leaders is a signal provider that promises effective signals that bring to you the best trading opportunities. The regular alerts along with the analysis and recommendations on effective trade settings are the main focus of this company. Besides the signal service, the firm offers market news in real-time, and the signal alerts are sent for indices, commodities, and cryptocurrencies. In this review, we intend to verify the claims of effective and profitable signals by a detailed analysis of the offering, performance, trading approach, pricing, and other influencing factors.
FX Leaders company profile
The company is based in Israel and has domain copyright under Smart Financial Traffic Ltd from 2012 to 2021. A location address and an email address are present but there is no phone contact. According to the info provided on the About Us section of the website, the firm is led by Skerdian Meta, a trade analyst, and his team of expert analysts and traders.
The team is said to have combined trading experience in diverse financial markets like indices, cryptocurrencies, commodities, and currency pairs. Some of the team members include Arslan Butt, Rowan Cosby, Shain Vernier, Eric Furstenberg, and more. The images of the members along with their expertise and LinkedIn address are provided.
The highlights of FX Leaders
From our overview of the website, the main focus of the company is on providing info about its live FX signals along with monthly signal highlights. A major part of the website covers info on what signals are and how to choose the best provider. Some of the key features that the vendor claims this service provides include:
- Long term signals that extend from 24 hours up to a month or more with a pip range of 80 to 250
- Short term signals having a timeframe ranging from10 minutes up to a few hours with pips ranging from 15 to 50
- Non-FX signals are provided for commodities, indices, and cryptocurrencies.
- Alerts are sent via mobile, email, and sound. The information present includes issued time, entry price, traded instrument, buy/sell signal, and the levels for SL and TP
- An economic calendar that provides updates on the current market events
Facts & figures
This company focuses on the manual management of signals done by the team of experienced analysts. As per the vendor, diverse trading approaches are used by its team to generate the signals. However, the vendor does not provide further explanation of the approaches used. Nor does the firm provide verified trading results to prove its claim of profitable signals.
Instead, a profit/ loss report is given, which is available only for the premium members. In the report, you can find info on the signal type, the specific instrument, TP, SL, and more. The lack of a proven track record is disappointing. We prefer results verified by a reputed FX site like myfxbook, FXBlue, etc. as the results reveal better insight into the performance.
FX Leaders packages
A Premium package is offered by the vendor for $9.80/month which is charged annually. The packages include alerts via email and mobile for long-term signals, access to performance reports, unlock entry price and more. You can also set up an account with AvaTrade broker, fund it with a minimum amount of $250 and get the premium features free for a whole year.
To contact the support service an online contact form is the only option the firm provides. The lack of sufficient support info makes us suspect the reliability of this service. The customer review below confirms our suspicion about the unreliability.
We found 24 reviews for this company on the Forex Peace Army site. The site reveals fake and suspicious positive reviews for the service. Here are a few of the feedback from users.
From the above reviews, it is clear that the service is a scam with poor performance and customer service.
Is FX Leaders a profitable bet in 2021?
We don’t think so. Our evaluation has exposed several shortcomings in this service that indicate it is not a trustworthy site.
- No explanation on the trading approach used
- No verified trading results
- Inadequate customer support
Since performance and support are key to make a service viable, this vendor does not meet our main criteria for a reliable system.