Easy Forex Pips is a signal provider for Forex. It claims to be 95% accurate in Forex signals. The company informs you which Forex pairs you should trade, how you can trade in the best possible ways, and what is the right time to trade. Its signals also include potential targets, stop loss, and entry points.
Furthermore, the firm asserts that it brings a human touch to its trading system with its market analyst team, which makes it different from other signal providers that use trading bots. However, there is no way to verify its flourishing trading performance as it claims, since the firm does not provide any information about its team.
Easy Forex Pips Trading Strategy
The Forex signal firm does not reveal its trading strategy. This makes us doubt it as traders cannot know its trading protocol and what measures it follows. Its website only tells you the major currency pairs in which you can trade. These include NZD/CHF, EUR/USD, CHF/JPY, and EUR/CAD.
Easy Forex Pips Features
Easy Forex Pips provides live signals to traders via its mobile application, email notifications, and Telegram messenger. It does so from 8 AM to 12 PM GMT +3 in the London session. The company’s website looks aesthetically appealing with a nice logo, but it does not cover some of the major details like its trading strategy, backtesting results, etc. Some of its key features include:
- Free Forex signals: Easy Forex Pips provides free signals and their analysis on a daily basis, which enhances your tracking performance with no missed selling or purchasing occasions. These signals accompany important details, including Take Profit and Stop Loss levels.
- All signal types: It provides various signals, including both long- and short-term ones. Customers can pick the ones that suit their trading style. The company claims that its VIP trading signals are accurate, complete with technical analysis, and cover exact entry points. You can obtain these from its VIP Telegram channel.
- Qualified Forex traders: The firm claims that it only hires professional and experienced Forex traders who provide cost-effective trades to customers. Owing to the detailed evaluations of its team, it is able to attain 79% accuracy of its trading signals on average.
- VIP services: The trading system also provides premium signals with four different types of packages, starting from $45 for a membership of one month up to $150 for a membership of 12 months.
Easy Forex Pips Backtesting Results
Easy Forex Pips does not provide any backtesting results since it claims that trading analysts produce its signals instead of a Forex robot. These results are important since they tell us if the strategy used by the system is lucrative or not over a time period. You can assess the performance and efficacy of the trading system with these results. Thus, with no backtesting results, we cannot trust this expert advisor.
Easy Forex Pips Live Trading Results
Easy Forex Pips has a real USD IC Markets account on the MetaTrader 4 Platform. The robot shows its trading results on Myfxbook with the name of yunben, which also runs many other accounts. It has a leverage of 1:30 and a verified track record.
The account was started on April 26, 2019. It has an absolute gain of +286.43%. Till now, the signal provider has completed 15037 deals with an average win of 91.35 pips, an average loss of -165.20 pips, and total pips of 211,718.4.
However, there is no way for us to verify if these trading results actually belong to this company since we found this account on their official website. If the account would have been with the company’s name, it would have made it more plausible.
Apart from these, the vendor also features the currency pairs that you can choose, the closing of the trades, and the profit loss of these pairs on its website. But still, these results could have been manipulated. Thus, we can’t consider these results trustworthy.
Easy Forex Pips Reputation
The expert advisor has received 123 reviews on Trustpilot with an average rating of 4.2. Most of these reviews are positive, though negative reviews state that the company is a scam. The vendor does not have reviews on any other third-party sites like Forexpeacearmy.
On its website, the EA features several screenshots of testimonials provided by its VIP subscribers on its Telegram group. As per these testimonials, customers love this company. But, in this case, the firm can pick only favorable testimonials.
Easy Forex Pips Review Summary
- Strategy – 2.5/10
- Functionality & Features – 4.5/10
- Trading Results – 3.5/10
- Reliability – 3/10
- Pricing – 4/10
Conclusion
Easy Forex Pips provides Forex signals through its VIP and free Telegram channels. It has a user-friendly website and claims to have a professional and experienced team of Forex traders. However, the company does not provide any details about the strategic approach it follows. Plus, it does not have its trading account with its own name and its trading results are not very praiseworthy.
The firm is not transparent and does not provide any backtesting results. Even though customer feedback on a third-party website shows that a lot of people like this website, many people also state that the tool is a scam. Thus, you should steer clear of this robot. There are many other Forex robots out there that provide authentic trading results with a detailed trading strategy.
