PreferForex Review

PreferForex is a forex signals service that claims that their “signal structure is integrated with an effective low-risk technique” and provide above 400 pips monthly. This PreferForex review discusses details of their service and the performance reports. Additionally, we monitored and summarised the customers’ feedback.

PreferForex Overview

PreferForex is London based forex signal provider established in 2013. Additionally to their fx signal service, they regularly provide various market analysis, reports, and in-depth articles to support the traders’ experience. PreferForex service is offered on subscription-based with a 15-days trial period.

Behind PreferForex stands an experienced team with many years of experience in forex and the other financial markets. In the “About Us” section, we also learn that the Master trader of the company is Roy, well-known forex analysis and contributor in forex education. There is no information about the other members of the team.

PreferForex Forex Signals Service Review

PreferForex Signals deliver their service via Telegram messenger or email alerts. All forex signals come with a specific entry point, small SL and greater TP, and minimum target level. Most of the signals are EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, EUR/JPY and USD/CAD.

What is interesting to notice is while the majority of providers offer several signals per day, PreferForex provides only 4-6 signals per week. However, the vendor claims that they don’t count any trade that gains less than ten pips.

Additionally, they point out that if a trader gets less than +400 pips within a month will receive a FREE membership.

Among the other benefits that PreferForex believe traders should choose are:

► A PDF guide to manage trade and risk

► Online support while signal running

► Pro trader panel that analyses the market

► Low-risk set up

To confirm whether the company answers your trading requirements, you can sign up for their 1 USD 15-days trial period.

During this time, you will receive all premium services, so you can test if they work for your trading style. Unfortunately, the company doesn’t disclose what the price of its premium packages is.

They only mention that they have a one-month subscription, a three-month one and a VIP Package.

We researched the prices but only discovered that the VIP Package comes with a lifetime subscription and costs 299 USD, which is a regular price for these services.

PreferForex Forex Signals Trading Strategy

As mentioned, PreferForex is a team of industry specialists who based their trading strategy on various methods – market-moving mechanism, Intermarket co-relationships, market sentiment and market flow analysis.

PreferForex Performance Results

The performance results of PreferForex are accessible for all subscribed members. As we don’t have a subscribed membership, we checked for another source of information.

We found a myfxbook account which unfortunately has been stopped in 2013. However, based on most customer feedback, we have seen the vendor is true to its claims, and clients are genuinely happy with the service.

Conclusion

PreferForex has nearly a decade of history in the industry and has created a loyal customer base. The website is informative, but essential information like how much the forex signal service costs or who the people behind the brand is missing is missing.

Pros:

► Long history in business

► High-quality forex signal

Cons:

► No information about the prices