Forex scams on fx market
Automat trading EA for sell
Automat trading FX -auto ( licence with FXDD and FXCM)
This group of signals is OK. There you can see only signal providers with quick strategies - short term positions. ( long term strategies can not be profit on) . Every signal provider get charge 0,5 $ from every 0,1 lot position of client, so they try to hurry and trade a lot of positions per day. Probably they use some good automat trading EA ( here is example why not sell profotable EA). We test fx-auto, we login to 3 moths test period. Our strategy we trade manually and we have some problems with right opening positions on their platform, sometimes we have open 20 positions ( it is not allowed - maximum is 6), because system can not close everyposition OK. Sometimes we can not see our send signal , it can be seen in couple of minutes in system and with later price, so we lost many pips because price moved in our direction. ( these problems was probably because we send signal manually with their interface) . We stop test this system because we can not profit on it.
Signal providers with no live statements + live trial
There is many of signal providers on market. They show you their results in tabel, they show you their profit in % or in pips. That is good, but how you know that they trade live and that they believe in their strategies? They offer your almost trial period. That is Ok, but how you know, that they had margin call some days ago or many times in year? This is good bussiness, they have still some new members which get them some monthly money. Lost clients go out.
Signal reviews
Why they don´t show us real results? live statements? they let people write about signal providers. Some providers which is main sponsor can be great with reviews It is because..... Sponsor pay 500 $ per months like sponsor and get 10 new clients for 100 $ monthly. There is many of traders on market which lost money with bussiness like that. Why you still believe it? .....Many of posts on signal reviews are truly and we can believe them.
3 Target systems
There are some signal provider which offer forex signals with 3 target systems. There are many informations about them. They send you signal with enty price + 3 exit price ( 15,25 and 45 pips for example). On their performance results they are everytime in profit, but clients in rewiews write that they have different results ( they write 3 target result instead loss ). We can tell you again, we never seen any live statement, maybe with use trailing stop startegy can be profitable.
Signal which we test
iforex.bg - We test it for week. We were in loss, but they show profit in results ( 3 years ago).
vydelavej.cz - We test 14 day period ( 3 years ago).......90 % of signals was profitable but floating positions get - 400 pips, We do´t know if the position was closed later or not, because our trial period was expired. Results can vary, so you can get margin call. Our close results we didn´t seen on their results exactly ( +- some pips). Again we can not verify startegy on live statements. Probably not profitable startegy ?
automoney.com - they offer 3 day trial, than they take 99 $. Signals are not profitable.
acetrader.com - We think that they have true performance, but we never test
fapturbo.com - We see their 15 min autoupdate result statement sometimes - they use really too much lots per equity ( very dangerous). We think about when they change their accounts - there they write about real accounts, We think that it is demo accounts. ( actually we saved thir actually accounts statement and we wait if they change the accounts)
cashmonsters.com - we test them 2 months 2 years ago, no profitable. Chaotic a lot of signals.