Forex Robot ReviewsPassive Income

FX Profit Pips Review: Is It Wise to Hand Your Trading Over to This Signal?

3 Mins read
3.2

FX Profit Pips offers live Forex signals in real-time to its subscribers. The company usually supplies these services through SMS, WhatsApp alerts directly to your cell phone. It also guarantees you success in the trading market by giving you a chance to magnify your returns with the assistance of its professionals. Is this promise enough to make you hand over your trading to the team? Let’s find out. 

FX Profit Pips company profile

There aren’t useful details about the background of the team offering this service, other than some general information that “A total of 56 experts work with us in 11 major countries.” Nothing is known about the company either. There is no info about its physical location, headquarters, year of foundation, or reputation in the market. As we always say, you should be cautious when dealing with vendors who are reluctant to reveal their real identities. 

The highlights of FX Profit Pips

The services provided by the company are listed below:

  • Information on money management in Forex trading by providing trading ideas.
  • Markets analysis on buy/sell of Gold, CAD, USD, GBP, EUR, AUD, and NZD currencies. 
  • Provision of exact trade entry, take-profit, and stop-loss.
  • User guides.

The trading strategy used by this vendor is not clear. From the presentation, it looks like the team has a lot to say about the services they offer. Therefore, it is rather odd that they have not considered explaining the trading techniques they apply to be important. This suggests that the company is not using any method. Then, how can the signals be profitable? It’s a puzzle. 

Facts & figures

As we have seen in the introduction part, FX Profit Pips promises to provide traders with very accurate signals. Therefore, the best course of action would be to display backtest and live trading data to prove their statement. Unfortunately, they do not. Without verified trading stats, all of this is just sheer talk. 

The only thing that is available is numerous screenshots from unverified trading accounts, which could have easily been cherry picked to make the company look good.  

Trading statistics
Trading statistics

The data above claims that from a deposit of $15000, a total profit of $336430.53 has been realized. Then why are they selling the signals very cheaply if they are this lucrative? It doesn’t make any sense. That’s why we normally look for trading data from legit service providers like FXBlue or Myfxbook.com. These platforms cannot provide false data.  

FX Profit Pips packages

FX Profit Pip’s pricing packages
FX Profit Pip’s pricing packages

FX Profit Pips provides a variety of packages; Starter, Standard, Premium, and Pro Signals plans that cost between $10 and $50. Obviously, these offers are cheap and affordable by many. The packages promise different profit levels. For instance, with Starter and Pro Signals packs, you will apparently earn 20 pips. The Standard and Premium plans guarantee 60 and 120 profitable pips, respectively. However, a money-back guarantee is absent. 

Assistance

The company offers what it terms as easy support. As such, there is a live chat and email support. If you want to contact the team, you can initiate a chat on its live window. Alternatively, you can email them at [email protected] 

Other notes

FX Profit Pips lacks credible customer reviews. There are only 4 testimonials on its website, and all praise the service provider. However, there are no reviews on sites like Forex Peace Army and Trustpilot, which provide legit customer opinions. 

Is FX Profit Pips a profitable bet in 2021?

No, it is not. We came up with this conclusion after finding unsettling things about this service provider. We have listed and explained them below:

  • Lack of backtest data

As a general rule, it is not advisable to purchase a service whose strategy has not been properly tested. This is because the vendor may have not taken the time to make sure it works and correct any flaws it has. In this case, it would be risky to use it on your account since it can produce unfavorable outcomes. 

  • Unverifiable trading results

In many instances, companies that offer these kinds of results are hiding the fact that their services are unprofitable. So, this is just a technique they use to cover up their ineptitude. 

FX Profit Pips Summary

3.2
FX Profit Pips is not a worthwhile signal provider. You will be wasting your time and money by investing in it. Everything about the vendor is amiss. The team members hide their identity, the strategy used is undisclosed, not to mention the fact that they don’t show us the performance of the signals.
1.0

Performance statistics

2.0

Reviews from customers

5.0

Ease of use

2.0

Implemented strategies

6.0

Pricing

Pros

  • +Free signals are offered
  • +Cheap services

Cons

  • -Vendor transparency is lacking
  • -Backtest results are absent
  • -The strategy used is not disclosed
  • -Trading data is unreliable
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