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Profit Forex Signals is a provider of forex signals that claims are “The best forex signals provider in the world, since 2010 till today.” The vendor’s website is full of bold statements:
â–ş 90% accuracy of their signals
â–ş 300% ROI
â–ş 10,000 pips monthly
â–ş Over 1,000,000 pips for a decade
In this Profit Forex Signals review, we will present more details about their service, monitor their performance results and summarise the customer feedback. Our purpose is to establish whether these bold statements are true and the vendor does provide what they promise.
Profit Forex Signals Overview
Profit Forex Signals was established in 2010 in New York, the USA. The founder and the CEO of the company are Ninoslav Golubovic. According to the “About Us” section of the website, behind Profit Forex Signals, there is a team of “highly professional traders who have years of experience in Forex trading”.
However, they don’t present any of them, and after we did so more research, we found that the only other person listed as a main trader in the company is, in fact, the wife of the CEO – Anna.
We appreciate that the vendor has provided several phone numbers for contact, including in the UK and Australia. There is also an email address.
The main service Profit Forex Signals provide is forex signals that can be used manually or automatically through the TradeCopier system. Let’s take a look at them in more detail.
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Profit Forex Signals Service Review
At a glance, the official website of the company looks pretty professional and informative. However, going into details, we found the content overly aggressive with promises that are hard to believe.
For example, they claim they have over 400,000 fans on Facebook, but when we checked, it turns out their page is not active anymore.
We have found the owner’s personal Facebook page, where the links are also linked to all their social media accounts. He has 314 followers.
Talking about their forex signals service, Profit Forex Signals relies on six reasons to attract clients – affordable prices, reliable services, verified performances, genuine testimonials, relaxed trading and constant support. Those reasons are good, but also, it was what most of the vendors promised.
Profit Forex Signals offers four different subscription plans: Standard 1,000 for 49 USD per month, Professional 2,000 for 99 USD per month, Ultimate 5,000 for 249 USD per month and Pearl 9,000 for 499 USD per month.
The numbers next to each name show the promised pips per month – 1,000, 2,000 etc. Each of the plans also comes with a promised return on the investment plans – 50%, 100%, 150% and 300%. Additionally, the packages include free VPS and Copy Trader.
The vendor doesn’t provide any information on what strategy they use to generate the signals, nor for which currency pairs. Based on the client’s reports, our research showed that the currency pairs are EUR/USD, GBP/USD and GBP/USD.
Forex Profit Signals Performance Results
We appreciate that the vendor provides performance results from “Clients Reports” and links to their myfxbook account. We looked at the data included – between 1,000 and 2,000 provided signals (according to the client’s reports) and +71.57 and +62.37 profit on their myfxbook accounts.
Those are positive results, but far from the promised 300% profit. Additionally, a quick count on the signals provided by Forex Profit Signals based on the data in their past years’ performance add up to approximately 250,000, which is four times less than the claimed 1,000,000.
Customer Feedback
We have checked independent online websites, and we found some worrisome results. One of the websites raised several red flags, pointing out that the company has been paying for fake positive reviews, and they banned several accounts connected with the company.
According to some other reviews, they have found it hard to communicate with the company and to retain back their profits.
Pros:
â–ş A decade of history on the market
Cons:
â–ş Aggressive marketing tone and unrealistic promises
â–ş Negative comments from customers
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