FX Profit Pips is a Forex and commodities signals provider that promises to make you a trading pro by subscribing to its services. Unfortunately, they do not divulge how they will achieve this. In addition, we are not provided with reliable evidence showing traders who have become experts as a result of using the signals.
The company offers a variety of pricing options that you can choose from. The standard pack, which is $10, will supposedly get you 20 profitable pips. Then we have the standard pack ($20) that can enable you to have 60 profitable pips. The premium and pro signals packs are $49 and $50 respectively. The premium option promises the highest number of wins.
Notably, your subscription will expire after you attain the promised pips. You are promised a refund if you do not profit from the live signals.
FX Profit Pips trading strategy
The trading strategy is not revealed. We do not know what method the said experts apply to select the signals. How do they know which signal will be effective and which one will not? For all we know, they could be picking signals randomly with the hope that they will turn out profitable. The Forex market is a volatile place where you can lose your money in a flash. Therefore, you cannot afford to trust people who seem to care less about telling you how they work to meet your trading needs.
FX Profit Pips features
The vendor’s services feature the following:
- Provision of daily SMS, WhatsApp alerts of Forex and commodities signals directly to your mobile phone.
- Integration of SL and TP levels in all trades to minimize losses and optimize profits respectively.
- Guidelines on how to utilize the signals.
- Customer support.
- Forex markets analysis on buy/sell of gold, USD, EUR, GBP, CAD, AUD, and NZD currencies.
FX Profit Pips backtesting results
There are no backtest results for the services offered. We are wondering what criteria the team used to approximate the number of pips traders can get by utilizing their signals. It is highly likely that the figures are products of guesswork. Backtesting the signals would have saved the vendor the trouble of having to resort to dubious ways to convince traders that the services are lucrative.
FX Profit Pips live trading results
We are troubled about the live trading results supplied. They are just screenshots of trading accounts whose legitimacy is in doubt. They all report profitable trends. However, you should not pay attention to them. We need to see verifiable results on reliable third-party websites like Myfxbook.com, FXStat, or FXBlue. Then, we can decide whether the performance of the signals is satisfactory or not.
FX Profit Pips reputation
FX profit Pips is run by a team of faceless devs and traders. The only information we have is that the members comprise 56 experts spread across 11 different countries. What are their designations and roles? That we may never know. We are also oblivious to any other kind of service or Forex products they offer. This makes it even harder to determine their reputation in the market. In this case, it would be risky to invest your money in a vendor you know nothing about.
There is no reliable customer feedback for this service provider. We have a bunch of customer reviews on the website, but we suspect that they aren’t authentic. We would want to see what investors are saying about the service on trustworthy sites like FPA, Trustpilot, or Quora. Then again, they could be non-existent.
FX Profit Pips review summary
- Strategy – 2/10
- Functionality & Features – 4/10
- Trading Results – 3/10
- Reliability – 2/10
- Pricing – 6/10
FX Profit Pips has all the tell-tale signs of a scammer. The devs promise to give you accurate signals to trade successfully. But no verifiable data is provided to prove this. They also fail to disclose the strategy they rely on, a sign they don’t know what they are doing. Furthermore, their services are very cheap. It appears as if the pricing is aimed at luring unsuspecting traders to invest in them. You will probably never get a refund once you realize how unprofitable their services are.
