Alex-scalping: Signals Review:
From their sales page, we can see that the head of the service is Alexander Jonsson. He is the CEO and founder of this signal service.
They claim that their company has 8 traders and analysts who have 10 years of experience in Forex trading.
They usually provide two services, one is scalping signal service and the other is account management service.
It is not long since they started their forex scalping service, we can see from the who.is website that their website domain was registered on 4 January 2020.
They created the Telegram channel first. it was created on 28th October 2019, less than one year ago, you can say they are pretty new in this business.
At first, they gave 3-4 free forex signals on their free telegram channel but later they are providing less free signals from 8 June 2020.
They usually give 5 to 10 scalping signals to their paid members every day.
And give updates about the running positions.
However, in this review, we will let you know whether it’s worth paying money to remain a subscriber of Alex-scalping Signals.
The results they publish on their channel are extremely lucrative, with an accuracy of over 95%. Their profitability ratio is much higher than any other channel. Because they don’t use any stop loss and take profit is only 20 pips.
It is a forex scalping signals channel that delivers very short term signals usually 20 to 25 pips take profit signals with no stop loss point. However, if any signal goes against their signals, they immediately inform their customer to close the trade.
Although they are not sharing any verified results, they are posting screenshots of their profit. Only screenshots and videos are not enough for achieving traders’ trust.
Since they are not giving any verified results, so first you can check their free signals in your demo account before going with a paid subscription and real money.
This signal service provider did not introduce himself or his team members, This service is completely mysterious.
We believe that introducing with market analysts and traders would have gone a notch higher in creating an environment of trust between them and their clients.
Account Management Service
They provide account management services, but there are certain conditions, according to their conditions, to use this service, a trader must have a minimum of two thousand US dollars or more in his account.
And they have two types of trading styles, Conservative and Aggressive. Traders have to choose one of them. And open a trading account under their affiliate link.
They provide this account management service by sharing profits.
Those with a balance of $2000 – $9999 have to pay 50% profit sharing, if someone has a higher balance than $10,000, they have to share 40% of the profits.
They share screen recorded videos and cropped screenshots of their profits on their website and free telegram channel. To attract more traders for selling their signal service.
They do not provide any verified results. if you want them to manage your account, then you have to give them your login credentials. That means you have to trust them one hundred percent. Although they can’t withdraw or deposit funds.
Since they are not sharing any verified statement. We would advise you to check their signal service before using their account management service.
Use their signal service for at least one month, then it would be easier for you to decide to buy their service or not.
Alex-scalping: Signals Pricing
There are 3 signal packages offered by Forex Elite Signals.
- Type: Forex Scalping Signals
- Price: $50/month
- Signal Frequency: 6-8/day
- Target: 3000 0pips/month (Not Verified)
- Accuracy: 90%+ winning rate (Not Verified)
Alex-scalping offers four types of VIP subscription packages.
Which charges $50 per month and $100 for three months and $200 for six months.
If you like their service please consider testing their free signals at your demo account at least for 1 month since they are not providing verified results.
The reason for the high win rate is, they are not using any stop-loss. and when a trade goes 40 – 50 pips opposite direction then they give a signal to close the trade.
So the loss trade is bigger (2X – 2.5X bigger) than profits.
Therefore you will make less profit even if you have a higher accuracy rate.
Remember not using stop loss can highly increase your trading risk.
If your balance is small then you definitely should use a stop-loss.
However, if you use 0.5 – 1% of your balance in each trade, then if you did not even use stop loss, we hope it will not be a problem.
Just sharing unverified results history and screenshot are not gonna prove them a verified signals provider.
However, Forex Elite Signals would have avoided this situation very easily if they provided their myfxbook profile for our verification.
If you like their signals service we will recommend you use their free signals at your demo account first, as this signals provider doesn’t provide any verified results.
Thanks for reading FOREX ELITE SIGNALS review. Let’s see what the community has to say in the comment section.
- Free Signals
- No Verified Results
- No STOP LOSS
- Losses are 2X bigger than Profits
- No Information about team members