Forex Signals Club is a signals provider created by the team of Lars Henriksen and Joshua. The team behind this EA claims to have traders with 8-15 years worth of experience. In our review today we take a closer look at the team behind this EA and the strategy it uses for its signal providing. Read this review to find out this EA is what buying.
Table of Contents
What are Forex EAs, Signals, or Indicators?
Before we dive into this review, we take a look at what an Expert Advisor is. An expert advisor (EA) sometimes known as a Forex robot is a software with pre-programmed instructions that directs and guides traders on what trades might or might not be profitable. EAs can automatically initiate and carry out trades on their own. This is possible because of the set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among these many advantages is the ease of use, the slight learning curve is made possible because a key strategy has been programmed into it by experienced traders (or not so experienced traders, in some cases).
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.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud. You could also read our reviews and compare the offers to those of other legit vendors at the bottom of this article.
Forex Signals Club Review
Forex Signals Club first launched in 2007. The site says it was formed when Lars Henriksen and Joshua met at an unknown international convention, shared ideas and decided to start a private trading venture.
As of the time of this writing the site lays claim to having a five-man team, each with a live trading experience of 8-15 years.
How Forex Signals Club EA works
Forex Signals Club doesn’t give much explanation to the strategy that they employ. Although the website gives traders access to a Myfxbook account which they claim proves that their signals make an average of 426 pips per month.
Our concern is that the Myfxbook account provided is from April 2016, to November 2017. There hasn’t been a single trade placed since 2017.
Forex Signals Club Price
The team claims their EA is Accurate, Easy to use, provides Signals on all Forex pairs, Trade Copier for 100% automated signals, Hassle-free – no VPS needed all for $97.00/Month.
One thing that doesn’t add up is their claim that it’s a limited offer, considering the fact that their service been around for many years.
Customer support
An email is provided for contact with the team
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 anything in our search for such reviews concerning the product that Forex Signal Club EA offers.
Conclusion
Because of all the reasons given above, we don’t feel this Signal provider has met the requirements for us to recommend them to anybody.
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Strategy: Scalping
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