With claims of being the best Forex signals service for traders, Profit Forex Signals is a service that offers competitive prices and effective results. The system has been in the business for over a decade and assured verified results and profits of over 1000K.
Developed with mathematical precision this service is easy to use and provides better ROI. Different packages are made available by the vendor. These include standard, Professional, Ultimate, and Pearl accounts with the cost being $49, $99, $249, and $499 respectively. In this review, our experts share their opinion of this signal service and its reliability.
Profit Forex Signals Trading Strategy
According to the developer team, the system uses tested methods and the expertise of the team members to generate appropriate signals. Regarding the strategy used, the official site indicates real-time market analysis and the use of critical indicators. The use of professional methods and system analysis results in top quality results as per the vendor info. We could not find the exact strategy used by the vendor.
Profit Forex Signals Features
A few of the main features found in this signal service include fast signal execution using adjustable lot size, take profit, and stop-loss features. The stop-loss feature is set to a general level of 35 pips from the entry point.
Compatibility with MetaTrader 4 broker and free VPS hosting are other features of this auto-trader system. Technical support is offered by the system 24/7 and the installation is quick and simple. The service also provides real-time monitoring and adjusting.
Recommendations of the vendor include a minimum trading balance of $1000 with a lot size of 0.01. The vendor does not restrict traders as to the use of lot sizes and recommends that traders can also choose higher lot sizes but at their own risk.
Broker choice can be consulted with the system as it offers the best recommendation on the most reliable broker. IC Markets is the most favored broker for this service as it cites the presence of its trading experts here. This service is available all over the world and members can profit from the signal service.
Profit Forex Signals Backtesting Results
No backtesting reports are provided by the vendor. Even if historical data do not indicate a similar future performance, the strategy reports have a wealth of information that traders will find very useful. While this signal service does not provide backtesting results, it makes up for the absence with its verified account results.
Profit Forex Signals Live Trading Results
Several Myfxbook accounts are displayed on the trading performance section of the site. The screenshot below is one such account.
From the trading results in the above image, you can see that the track record and trading privileges are verified by the Myfxbook site. A profit percentage of 246.1% and a daily gain of 1.10% are revealed from the results.
The drawdown of 73.44% is too high, but the profit percentage looks reasonable. This demo account on Pearl package with IC Markets broker uses a leverage ratio of 1:500 and is compatible with the MT4 platform.
For a total of 381 trades done for more than 3 months, the lot sizes are a bit on the higher side. A profit factor of 1.24 and lot sizes indicate a high-risk level. Overall, our analysis of the results reveals that this system has been consistently working on its signal service to ensure the best returns.
Profit Forex Signals Reputation
The developer team claims to be lucrative Forex experts committed to integrity, transparency, and service excellence. Nino is the CEO of the Profit Forex Signals group, which claims to partner with multinational companies, financial institutions, brokers, banks, and money managers.
We could find the contact phone number, location address, and a chatbox for contacting the service with queries or complaints, which indicates the system heeds to reliability concerns of users. About 200 user reviews are posted on the TrustPilot site, out of which the majority are positive reviews. You can see from the screenshots below that the system can provide consistent and reliable performance.
Profit Forex Signals Review Summary
- Strategy – 5/10
- Functionality & Features – 5/10
- Trading Results – 8/10
- Reliability – 8/10
- Pricing – 7/10
Conclusion
Summing up our Profit Forex Signals review, the system reveals some appreciable features, such as verified trading results, positive user feedback, and reasonable pricing. The lack of backtests is a bit disappointing, but the verified results give hope for traders that the system can deliver an appreciable performance.
For now, we refrain from providing a concluding evaluation of the efficacy and reliability of the system. From the verified trading results we could see a performance that is consistent with the claims of accuracy and pips mentioned by the vendor. With some minor tweaks and inclusions, the system shows potential.
