Forex Robot ReviewsPassive Income

Trend Signal Review: Is It Wise to Buy the Trading Package From the Company?

2 Mins read
3.2

Trend Signal is led by a couple of traders who present their knowledge in a package for those looking to learn the financial markets. They include their exclusive course, indicators and offer personal coaching and mentoring for quickening the learning curve. Our article will discuss all the features that the company offers and look at the possible outcomes of the algorithms that the company uses.

Trend Signal company profile

The company states that the program was launched back in 2003. The indicators were developed with a collaborative approach of many professionals and traders with a combined ‘experience of 90 years’. There are a number of directors, managers, and business associates who currently manage the program. There is no CV or authentic background information that could guide us on their experience.

The highlights of Trend Signal

The company has the following features with their service:

  • It provides some built-in indicators that traders can use to make decisions
  • The strategy can be employed on the forex market
  • Offers personal coaching and mentoring to better help traders
  • The company provides market news and analysis to help understand the future outlook of the price action

The company does not provide much information on the strategy they use. Looking at their videos on YouTube we can see that they trade on the daily charts with the help of their indicators.

The youtube video that shows the trades
The youtube video that shows the trades

There is no information on whether the indicators work on the MT4 or MT5 platform. From the observations, we can conclude that it runs on their dedicated charting platforms only. The company also doesn’t mention the minimum deposit requirement and leverage traders should employ.

Trading results with Trend Signal

There are no backtesting or live trading results that the company provides. This type of approach is really poor for a system that claims to be running since 2003. It shows that the algorithms are not successful enough and raises many concerns over the product’s authenticity. 

Trend Signal packages

The company disappoints even further by not dictating the costs that are necessary to join their program. This type of approach is really poor. No transparency on pricing models shows that they are not serious about accepting traders to join their program.

Assistance

To get in touch with customer support, traders can fill out the form available on the website. The company will then get in touch via email or telephone to discuss the details. There is no information on the hours that the support is available, which is quite a poor practice. No comments are available regarding customer support on review forums.

Customer reviews

Customer reviews are available on the Forex Peace Army, where users complain about the inefficiency of the program. They state that it is completely useless to follow their strategy. Most of the joiners are reporting losses with them. They also mention that the company does not provide any refund on their program.

Negative customer review on FPA
Negative customer review on FPA

Is Trend Signal a profitable bet in 2021?

No, it is not. The company fails to provide any conclusive evidence of its profitability. They do not present us with the live records on Myfxbook, which raises huge alarms. This type of activity is followed by scammers.

Trend Signal Summary

3.2
Trend Signal has bad customer reviews and is not transparent on their bio and trading results. This type of activity makes it a bad investment choice for beginners and amateurs alike. Stay away from the company if you value your money.
1.0

Performance statistics

1.0

Reviews from customers

7.0

Ease of use

6.0

Implemented strategies

1.0

Pricing

Pros

  • +

Cons

  • -No pricing details
  • -Negative customer review
  • -Lack of vendor transparency
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