As a signal provider, Pips Alert says it focuses on providing clients with long-term gains. The company sends trading signals mostly during the NYC and London sessions, which it believes are the best times for trading. The signals are usually supplied through SMS or email alerts, desktop/browser notifications, and the android app.
Pips Alert company profile
Pips Alert is a limited liability company that provides trading signals for the Forex market. The company is headquartered in the US and works with a team of traders situated in different parts of the world, including the US, Tokyo, Canada, the UK, etc. Unfortunately, the sales pitch does not indicate anything about the trading experience of these traders or the company’s history in this market.
The highlights of Pips Alert
Pips Alert provides signals that can be used to trade currencies and commodities on any account size. The signals come with a buy/sell order, stop losses, and take profit targets. An online platform dashboard is available, and it allows you to manage all the signals, get customer support, and much more.
Depending on the membership package you are subscribed to, the vendor will send 3-7 signals daily per group. You can enter them directly on your MT4/5 platform, and you are not limited to a specific broker. Users are advised to hold signals for 24 or 48 hours on average, but your trading strategy will likely determine the holding period.
The devs fail to mention the trading technique they use. We don’t know what they look for when they analyze the market for signals.
Facts and figures
The live trading results of the service are not showcased. The vendor only highlights the monthly pips you will supposedly get when you trade with their signals. This information doesn’t count unless it is verified by a site like FXBlue, FXStat, or Myfxbook.
Backtesting results are not presented as well. However, the professionals conduct live backtests on their signals on a weekly basis. In case you want to see how these tests are done and the charts produced, you can visit the official site and watch the videos posted.
Pips Alert packages
Three different subscription packages are on offer. The first one is known as Investor X Signals and costs $59.99/m. It is said to be one of the best performing services with more than 100 traders globally, and targets to earn 1500-3000 pips monthly for users.
Venture X is the second option, and the vendor is selling it at $59.95/m. This package is more focused on providing long-term signals with the goal of generating 1500-3000 pips per month. Lastly, we have the Jaguar Signals plan that costs $49.99/m. It delivers about 1k-2.5k pips monthly.
The company promises to prolong your package if it fails to deliver a minimum of 500 pips in 30 days. Interested traders can also subscribe to the 14-week paid trial pack, which is refundable. If you don’t cancel the subscription after the expiry period, you will get an additional 30 days to trade the signals.
To get in touch with customer support, the requirement is to simply fill out the form provided, and the team promises to respond to you shortly. If you are a paying member, then you can open a support ticket through the dashboard and interact with the team.
Pips Alert has an average rating on Trustpilot. This means that traders have mixed opinions about it. While some traders say that the service is not bad and gives ideas on how the market is, there is another who states that Pips Alert is a waste of time and money.
Is Pips Alert a reliable service provider?
From the customer reviews, it is apparent that the service has produced different results for different users. The lack of live trades and strategy makes it harder to determine the reliability of the signals. So, you might have to subscribe to the 14-week paid trial to test them out first. If you are not impressed with the outcomes then, you can ask for a refund.