Forex Trade Forecast is a company that provides daily Forex signals for the US and Europe market sessions. The company boasts of having the most outstanding Forex signals that are generated by its team to offer profitable trades.
They promise to double-check with their expert traders to ensure that every signal they provide is reliable. They promise a 90% accuracy rate. While this might be helpful, it slows down the process, and we know how important it is to enter trades as quickly as possible.
Here are some of the most enticing aspect of trading with automated forex trading robots
Unlike humans who don’t have the much computing power to scour the web for information, these robots do.
You get robots offering high accuracy for trading and this will impact on the visuals of trading with some of the world’s best.
Traders need accuracy when trading so that you can minimize losses as best as possible.
These robots were ranked best in class by industry professionals and traders alike. These robots offer much in terms of accuracy and predict the best in terms of assurance.
You want a robot that offers quality services and not a botched robot that even fails to hit the set profit targets.
Based on the parameters used by the trader, the robots will act and trade efficiently using set strategies and styles.
And this ensures every trader can take advantage of the market by infusing their preferred settings such as leverage and spreads.
The robots indicated offer or meet the 80 percent threshold of ROI which makes them the world’s best when it comes to trading.
You would want a broker that hits out at the best in class when it comes to forex trading. Go for reliable robots that do perform in the market.
These robots are highly dependable and offer incentives to traders. You get a platform offering traders the much needed support and overall outcome.
The listed robots will act accordingly and even protect traders from offering investors the best in terms of real protection.
You also get to trade with other styles provided by experienced traders who are also using the same robot.
Forex Trade Forecast claims their aim is not to play any double mind games to make money from novice traders. They reveal they have quite fewer rates for Forex signals than other companies. This is because their Forex signals are based on market testing parameters collected from the Forex signals, which were sent in the past.
The company features a record of past trades on its website. We are reporting a +5,489 pip profit for the month of July 2020.
The company is a subsidiary of wealthprofusion.com. They are the people behind Master Mind Forex Trading System, which is a Forex and Gold trading system.
This company displays a level of transparency only seen with legitimate companies. However, they do have a few critical mishaps.
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Forex Trade Forecast Review
This company's trading history goes back to 2006. The company provides a record of their trades dating back to November of 2006. We appreciate this level of transparency. However, we always prefer results presented on a reliable third-party auditor such as Myfxbook. We do not like the possibility of results being doctored.
The company reveals that some of the figures provided are round figures. They recommend placing stop loss and limit 40 to 50 points away on instant signals. They also advise that you put your stop loss and limit according to your personal experience on open trades.
The company reports a total profit of +47,701 pips for the year 2019. They boast of not having even a single month of loss since their Inception. They claim they only allow a maximum of 5% to 10% drawdown.
They believe they can hit these profit numbers by having their signals double-checked by their expert traders to ensure they are reliable. However, as we mentioned, this takes away critical time to enter a trade. Clients might miss out on high-profit deals.
The company offers its clients a free eBook on how to trade Forex online, and this is very helpful for novice traders.
Forex Trade Forecast gives out its address as 10685-B Hazelhurst Dr. no. 20670, Houston, TX 77043 USA. Their parent company, Wealth Profusion, is also situated at this address.
The company promises 24/7 customer support, and Clients can reach them via a toll-free customer support line, 1-800-851-8252. You can also contact the platform via email address [email protected]. They claim that their support team will answer your email as soon as possible.
The company's website features a FAQ section where potential investors can do a quick fact check before choosing to invest in the company.
Products' Pricing
There are three subscription programs to choose from. The first is the Forex Trade Forecast Trial Basic Subscription. This package goes out for $29 for the first week and then $99 per month, recurring every month until it is canceled.
The second package is the Basic Subscription, and this goes out for $99 a month without a one-week trial period.
The last package featured is the elite subscription. It cost $149 a month.
The company does not precisely specify what you get under these subscriptions. We have no idea the advantage of getting the Elite Subscription over the Basic Subscription. The firm should do an excellent job of telling clients precisely what they get for their money.
Research suggests that the only difference that you get priority support by email with the elite subscription versus essential support with the basic subscription. Customer support is non-negotiable. No company should charge you extra for better customer support. The additional $50 for the Elite Subscription is not justified.
The company accepts payments through Bank Wire Transfer send Western Union. You need to contact them to ask for the details. Additionally, you can pay with a credit card using Stripe payment or PayPal.
These are secure modes of payment, and you can easily trace and recover your funds in case of any problems.
Systems' Protection
The company claims they are certified as secure by Trusted Site. The company's systems are protected using McAfee Security. They have a valid SSL certificate. This means they are safe from any third-party interference.
The company's website also reports no issues in PhishTank. Their site uses SSL to encrypt communications with industry-standard security protocols. It is an excellent sign to see a company invest in systems' security. And this is the only way a company can promise you your funds will be safe.
Customer Testimonials
The company features customer testimonials that are all following the same theme. Customers are seen praising the company and how it works. We always want to hear what the customers think about a product. This gives potential investors an insider's look at what it's like to be a customer of a company.
The only problem we have with this is the fact that companies all only feature positive customer testimonials as a marketing strategy. It is imperative that you research a company before choosing to invest with them. Don't take customer testimonials as the only proof of legitimacy.
Domain Insight
The official website for Forex Trade Forecast is https://www.forextradeforecast.com/. The domain was registered on the 23rd of February 2010. It is supposed to expire on the 23rd of February 2021. It is always refreshing to see a company's website registered for an extended period. This means the company is planning to stay in the market long. Wealth Profusion, their parent company, owns the domain.
Is Forex Trade Forecast Trustworthy?
This company displays a level of transparency only seen with legitimate companies. The problem we have with this company is the time it takes them to approve a signal. It is imperative to enter a trade as soon as possible. Their slow approach might cause clients to miss out on profits.
The other cause of concern we have is the way they present their trading results. When we appreciate the company's transparency with their trading performance, We would like to see it regret real trading results on a reliable third-party audit platform such as Myfxbook.
Final Verdict
While the company remains transparent with its trading results, it does have a few critical mishaps that make it hard to recommend. Their process of approving a signal is lengthy and might not give you the kind of profits you expect.
We would like to see them refine this process before we can recommend them to you. We would also like to see its trading results on Myfxbook. It is simply more reliable than presenting them on their website. you should invest with legit and recommended trading systems that will guarantee you consistent profitability.
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