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.
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.
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
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.
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.
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.