FX Premiere is an intermediary service that sources Forex signals from more than fifty different sources. As per vendor claims, both experienced and novice traders can benefit from the trading signals are alerts delivered via the Telegram channel. Using this signals provider, you can trade in eight different currencies, as well as gold and oil.
FX Premiere has three different pricing plans when it comes to foreign exchange signals. The basic plan costs $37/month, and with it you get 2-15 Forex signals on a daily basis, complete with entry, exit, and stop loss. The standard plan is valid for 4 months and it costs $97, providing you with an MT4 indicator that costs $247. Finally, there is the premium plan priced at $199/12 months. With the costlier plans, you get more daily signals and can make payments via digital currencies.
FX Premiere Trading Strategy
FX Premiere collects trading signals for major, minor, and exotic pairs, and delivers them automatically to the Telegram channel. In these signals, the order type, entry price, stop loss, and take profit will be specified. The vendor mentions that FX Premiere uses the Relative Strength Index (RSI) indicator in combination with other charting tools to find lucrative trading occasions.
For medium to long-term trends, the system uses Fibonacci retracement levels, while also scanning for support and resistance levels. The market situations are accurately assessed by the Fibonacci indicators, the correlation between volatility and price is analyzed by Bollinger Bands. Another indicator used by the system is the Moving Averages (MA) indicator that computes a pair’s mean price. Fundamental news events and current affairs are also considered while searching for profitable signals.
FX Premiere Features
FX Premiere promises an average monthly profit of 35-45% and a high success rate of 75%. If you face any issues with the service, you can use the live chat feature on the website or the Telegram channel anywhere between 9 AM and 11 PM Switzerland time to get in touch with the FX Premiere team.
Users also receive a weekly pip count from the signals provider, and some of the plans deliver gold signals along with Forex signals. There are different Telegram groups for the Basic, Standard, and Premium plans, with the members counts being 15,300, 7100, and 3050, respectively. You can pay for the service via PayPal or card.
FX Premiere Backtesting Results
The vendor hasn’t provided us with the backtesting data for FX Premiere, so how the system would have performed on archival data is a total mystery. Considering a 75% success rate and high monthly profits are promised by FX Premiere, we expected to find some evidence of the same. But since we don’t have the backtesting results, we can consider these claims to be baseless.
FX Premiere Live Trading Results
FX Premiere states on the official website that it doesn’t have an account on Myfxbook since it’s an intermediary marketing service that sources signals from reliable origins. Now, seasoned Forex traders do not consider a system to be reliable unless they furnish live trading outcomes verified by Myfxbook or FXBlue. Since they are not available, we cannot assess how profitable the signals actually are.
FX Premiere Reputation
Very little data is available about the company’s background, apart from the fact that it was founded in 2010. The vendor claims that the team has ample trading experience and knowledge in economics. FX Premiere does not reveal the location of its headquarters or the identities of the development and service team members. We also have no way of finding out whether the company has built similar systems in the past.
We found several reviews for FX Premiere on the Trustpilot website, and while the overwhelming majority of them are positive, they seem generic and do not reveal any real details about the service. In one review, a user has claimed that the company offers free signals to users who write a 5 stars review on Trustpilot. If true, this is extremely unscrupulous behavior, and it is not something a reputable company should be doing.
FX Premiere Review Summary
- Strategy – 3/10
- Functionality & Features – 5/10
- Trading Results – 3/10
- Reliability – 3/10
- Pricing – 4/10
Conclusion
After carefully assessing all the different aspects of FX Premiere, we have arrived at the inference that it is not a trustworthy Forex signals provider. There is a lack of information in more than one department including vendor transparency, trading strategy, etc. The vendor simply doesn’t give enough details about how the system differentiates between profitable and non-profitable signals, mentioning only a handful of common indicators that are used by many automated trading systems.
Finally, no live proof of trading results is available for FX Premiere, and backtesting data is missing as well. Thus, we cannot just trust the claims made by the vendor. As per our judgment, this is highly likely to be a scam service.
Complete scam!!!
they took 480$ from me and dissapeared!