ForexSignals.cc is a forex signal provider that debuted in 2014. The team says that their aim is to assist their clients in making a profit. They are located at Old Broad Street Business Centre,London, UK, EC2M 1RX.
ForexSignals.cc was created to assist and guide traders navigate the perilous journey of trading. The name of the team behind the creation of this EA was not disclosed. Is buying this EA worth it? Read through our review to see what experts have to say about the Forex trading software.
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What Are Forex EAs, Signals Or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
Having this in mind, traders need to be careful and very mindful of who they deal with in this business environment. Although this slight exaggeration called marketing is used by everyone, some are just out to deceive and steal other’s funds. A big step in discovering fraud is considering the offering, and proofs provided; another way is reading our reviews and comparing the offers of known reputable vendors.
ForexSignals.cc Review
The site claims that they began providing their service in 2014 as “a group of Independent traders in London.” Now, they say that they are “one of the relied upon platforms by real investors.” Like earlier said Forex signals.cc sees themselves as the most innovative platforms in the entire market. They claim that their analysts are real traders that monitor the markets 24 hours a day. They don’t provide any information regarding the traders or offer any proof of experience or expertise.
They send their signals via Whatsapp channels.
Following their philosophy on the accessibility and usability of a platform ForexSignals.cc simplified their up process. All traders have to do is sign up with their regulated broker, choose how they want to receive signals, and then monitor the results.
How ForexSignals.cc Works
Apart from not disclosing who they are; The ForexSignals.cc team chose to also not to disclose the principal or strategy that the EA works on. They make references to a “focus on technical analysis and fundamental analysis.” Yet, they never go into any real detail or provide any real insight.
ForexSignals.cc Price
At the time of writing this, traders interested in this platform can purchase it for 99 Euros per month or 598 Euros per day.
Customer Support
A phone number and an email address has been provided for traders to get in touch with them. The phone number is +447828324636 while the email is [email protected].
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedbacks on a third-party site as we have found that reviews on the official page might be manipulated, concocted, or paid for.
We couldn’t find any in our search for such reviews concerning the product that ForexSignals.cc offers. Trading results are provided on the website of the EA but this cannot be trusted.
We always prefer results uploaded on third-party websites where they can be verified.
Conclusion
ForexSignals.cc doesn’t give enough details to confirm their legitimacy. The design of the website is shady, the price tag attached to their software is suspiciously generous, coupled with the fact their testimonials are fake. Also, the lack of reviews and the non-disclosure of the team behind it coupled with the lack of transparency in their dealings raise room for doubts and suspicious in our minds. In conclusion, we wouldn’t recommend using this EA as it has only done the barest minimum in proving that it is trustworthy or competent enough to allow for the amount it demands.
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