Having the right trading recommendations gives you a big advantage when it comes to making big profits without significant losses. FX Leaders signal service assures users will be able to identify the best market opportunities with the efficient trading signals the company provides.
Besides focusing on the Forex market, the company also offers non-Forex signals for trading instruments like crude oil, palladium, platinum, and more. The premium plan is available for a $9.80 per month annual plan and includes features like long-term signals, notifications sent via mobile and email, entry price, and access to the trading results of closed signals.
FX Leaders Trading Strategy
On registering for this signal provider, you will receive signals that include details like the buy/sell position of a particular currency pair, SL, and TP levels. You need to copy the details to your trading platform and open the orders as per the active signal info.
The vendor provides info on how the active/live and the get-ready signals appear for the user. With the latter type, traders will be informed that a favorable position has opened up and will be ready to open their order when there is a change to the live pattern.
Concerning the strategy used, there is no mention of the approach used for generating the trade signals. There is mention of using strategies and analysis that are based on long and short term and that they can suit different types of trading approaches like day, swing, and analysis-based trading.
FX Leaders Features
Important features this service provider include:
- Short-term signals that use timeframes that range from M10 up to H2. The pips range from 15 to 50 and depend on the market situation
- Long-term signals range from a single day up to several weeks. As a result, the pips are of higher value and start from 70 and go up to 250 pips or more
- Signals for commodities like crude oil, gold, palladium, cryptocurrency, and more are also part of the services of this provider
- A detailed report on the signal performance in the past is available only to Premium members
- Notifications via email and mobile including sound alerts for the signals with details such as entry price, issue time, signal type, etc
- News and analysis related to the signals and economic calendar
FX Leaders Backtesting Results
Keeping in line with their strategy of non-disclosure tactic, the company does not offer backtests. We are disappointed that a company with a reputation for providing signals of varied types fails to provide strategy tester reports. While it is true that past performance does not predict a similar result in the future, traders use backtesting to test if the strategy works. Without backtesting, we are suspicious of the reliability of this vendor.
FX Leaders Live Trading Results
No verified trading results are present on the site nor could we find results from the signal providers on sites like Myfxbook, FXBlue, FXStat, etc. Instead, the vendor posts images of the profit/loss details of past trading stats.
However, not all users can view these reports as they are only for premium subscribers. We prefer a proven track record from sites like myfxbook as we can get in-depth info on the trading approach, the drawdown, lot size, and other important aspects of trading that influence the performance of the signal. The lack of a proven track record raises a red flag.
FX Leaders Reputation
The vendor deals in the latest news, analysis, trade recommendations, and other trading concepts besides its signal service. Other services include educational guides concerning crypto trading, currency converter, calendar, Forex Broker guide, forecasts, and more. The core team consists of Skerdian Meta, the lead analyst with over 10 years of experience in market analysis, Arslan Butt, Rowan Crosby, and Shain Vernier. Financial writers and crypto analysts also form part of the main team.
We found user feedback for this service on the Trustpilot site. There are 29 reviews posted with a rating of 3.1/5 and the feedback constitutes both negative and positive reviews. Here are a few screenshots.
From the negative testimonials, we can see that the signals are not working and the risk to reward ratio and drawdown are very high. Most of the recent feedback is negative with only a single positive review.
FX Leaders Review Summary
Overall Rating: 4.6/10
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 5/10
- Pricing – 5/10
Conclusion
As a signal provider, FX Leaders fails to provide verified results and does not disclose the strategy it uses for signal generation. The lack of backtests and failure to post performance results verified by sites like myfxbook are major downsides of this provider. Furthermore, the feedback from users indicate that the signals are of mediocre quality and the company is more focused on providing the knowledge base needed for trading than on generating winning signals.
