Forex Robot ReviewsPassive Income

Profit Forex Signals Review: Can You Trust It to Do Your Trading?

2 Mins read
3.8

Profit Forex Signals claims to be in the market for more than 10 years without causing a margin call on the account. The signals are available via social media platforms or copy trading. Investors can purchase them through various subscription packages present on the website. We will go through all the vital offerings of the product in our article to see if it can be helpful for use.

Profit Forex Signals company profile

The company states that they have been in the market for more than ten years and are the most lucrative experts in this niche. Their team consists of Anna as the main trader while NINO is the CEO. There are no certificates or portfolios that can verify their existence and experience. 

The providers trade on multiple currency pairs with a minimum starting balance of $250. They follow the important fundamentals for making all the trade decisions. There is no further information on the strategy, which gives a poor outlook.

From the trading history on Myfxbook, we notice that the traders are using averaging techniques for trades that are losing. They are day trading on multiple currency pairs with an average trade duration of 21 hours and 3 minutes.

Trading history on Myfxbook
Trading history on Myfxbook

The highlights of Profit Forex Signals

Following are the features offered by the service 

  • Multiple subscription packages
  • 85% trading accuracy
  • Copy-trading option is available
  • They provide more than 20 signals each week

The providers are not clear on the brokers traders should use to follow their service. There is also no information on leverage.

Facts & figures 

There are no backtesting records present for Profit Forex Signals. The live records are available from January 24, 2022, till the current date. The provider had a total gain of 42.88% and a monthly output of 20.08%. The drawdown value noted was 41.65%, with a risk/reward ratio of 4.35. The current balance of the system stands at $1376.27, with a profit of $376.27.

The total trades done by the EA were 109, with 101 winners and 8 losses. The average win was $4.84, and the average loss was -$14.05.

Live records of Profit Forex Signals on Myfxbook
Live records of Profit Forex Signals on Myfxbook
Live records of Profit Forex Signals
Live records of Profit Forex Signals

Profit Forex Signals packages

The EA comes with four different packages with monthly subscriptions as follows:

  • Standard at $49400 guaranteed pips with 10+ signals each week
  • Professional at $99–2000 pips with more than 10 trades/week
  • Ultimate at $249–30% to 100% investment return with 90% accuracy
  • Pearl at $499–fully automated with 0% margin call probability

Assistance

The providers list out their phone number and email to contact them. Their business hours are from Monday to Friday, 9 a.m. to 5 p.m.

Other notes

The company has a rating of 1.353 and has 155 reviews on a third-party website, Forex Peace Army. One of the traders comments that the company wiped out 90% of their account value with their Pearl plan. They are gambling with money and trades do not come with any stop loss.

Customer Review on Trustpilot
Customer Review on Trustpilot

Is Profit Forex Signals a reliable system?

Profit Forex Signals uses a risky averaging approach for trading. Their live records are for a short duration. We will have to wait and see how their account performs in the future for better analysis.

Profit Forex Signals Summary

3.8
Profit Forex Signals has terrible reviews on Forex Peace Army and is not clear on their backtesting. The company states to have a high win rate, but the output on the live records state otherwise.
3.0

Performance statistics

2.0

Reviews from customers

8.0

Ease of use

4.0

Implemented strategies

2.0

Pricing

Pros

  • +Multiple subscription plans

Cons

  • -No backtesting records are available
  • -Poor reviews on Forex Peace Army
  • -They use averaging strategy
Related posts
4.0
Forex Robot ReviewsPassive Income

Gold Miner Review: Is It Wise to Hand Your Trading Over to This EA? 

3 Mins read
Gold Miner is an expert advisor that was published on MQL5 in December 2020. It is designed to automatically place buy/sell orders…
4.4
Forex Robot ReviewsPassive Income

Velocity Finder Neural Trader Review: Is It Wise to Hand Your Trading Over to This Indicator? 

2 Mins read
Velocity Finder Neural Trader is a tool that analyzes the actual market scenarios in real-time without any repainting. It is beginner-friendly and…
6.8
Forex Robot ReviewsPassive Income

GOLD EAgle Review: Is It Wise to Hand Your Trading Over to This EA?

2 Mins read
GOLD EAgle is a trading solution that was publsihed on the MQL5 forum. The presentation provides us with detials about features, risks,…

Leave a Reply

Your email address will not be published.