FOREX MILLION CAPITAL LTD – Signals Reviews

FOREX MILLION CAPITAL LTD: Signals Reviews

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FOREX MILLION CAPITAL LTD is a Forex signals service located in Shoreditch, London, UK. They claim to has several years of market experience and provides Forex signals service & Expert Advisor service (Robot).

In general, they are providing scalping and swing trading signals but they are more with scalping signal.

Each signals contain 2 Take Profits targets, mostly TP1 = 30-35 pips and TP2 = 70 pips, and with a stop loss around 30-35 pips. So risk reward 1:1.4.

Everyday provides 2 free signals on Telegram public channel, and keep updated about running trades.

They hided domain info but we can see from the Telegram channel, the channel was created at September 3, 2018.

In today’s review, we will discuss every aspect of FOREX MILLION CAPITAL LTD, and let you know whether you should buy the service or not.

FOREX MILLION CAPITAL LTD – REVIEW

The do provide verified statement for EA but for for signal service. Publishing before after screenshots, they don’t have do that hard work if they provide a third party verified results, its not a difficult task for a signal provider. Past performance is no guarantee of future results. but traders can have a idea about the team capability.

Sharing tradingview technical analysis pictures, we can’t see any link to their profile. We recommend them connect their tradingview profile, so that their customer can see all of their analysis and before and after market moves.

Instead of gaining profit traders will loss,  because whoever bought this robot he/she don’t know when to use bigger or smaller lot size. so that you will lose for sure if you are not an expert.

There are no info about their expert team members. We believe introducing with expert helps to build a strong relationship with customers.

Hiding Losses

Although signals comes with 2 profits when they publishes weekly or monthly results report, he calculates all the tech profits, but the stop loss calculates only once.

But in reality when you place 2 different trades, and when the stop loss hits than all trades hit stop losses. So your both trade will close and loss would be 2 times.

So to calculate the proper P/L you can multiply the stop-loss with the number of take-profits that particular trade contains or the number of trade you performed.

For example, if you traded a signal with 2 different trades, and if your stop-loss is 30 pips, then your total loss will be 30 * 2 = 60 pips. But when they publishes the result, they calculates a loss of only 30 pips, not 60 pips.

Through this trick, they hide losses (most signal providers use this trick). And by showing more positive pips attract more customers.

EXPERT ADVISOR

FOREX MILLION CAPITAL LTD claim that they have 5 years backtest report of their EA (ROBOT). And the draw-down will range from 15-30% of your account based on the type of risk management you follow.

1 year trading – overall report

As we can see from this statement above, this account seems profitable, BTW we are not saying that this is fake report, But there is some trick that this vendor using to fool newbie traders and convene to buy their Robot.

Lot size is not static

They are not using stable lot size, every time they are using only 0.02 lot size, and when they loss couple of trades they place some trade with big lot size (1.00 lot).

They use this trick to maintain the profit/loss ratio. So that they can show customers that their signal really pays and proof them they are transparent.

Instead of gaining profit traders will loss,  because whoever bought this robot he/she don’t know when to use bigger or smaller lot size. so that you will lose for sure if you are not an expert.

*You can check out their 1 year backtest

*EURUSD BOT EA (ROBOT) BKTEST REPORT 2019

Deposit sizes all vary depending on the type of EA you have purchased. They vary from $1000-$5000 balance size.

This vendor is charging $250 for EA service that include unlimited use, unlimited accounts.

SIGNALS PRICING

• Type: Forex Signals (scalping and swing)
• Fee: $65/month
• Signal Frequency: 4-5/day
• Target: 2000-3000 pips (Unverified)

Signals Pricing

There are two ways you can access their premium signal service, whether you have to open your trading account with their affiliate link or you have to purchase one of their premium package.

You can get their premium signal service for free for 60 days by opening an account at their referral link and depositing 500 Euros. The second method is that you have to buy one of the monthly premium subscription packages.

They are offering four different premium packages, where $65 for one month, $150 for three months, $270 for six months, and $360 for one year.

This vendor charge $65 monthly but don’t provide any verified results. Only showing screenshot of profits. Without any verified proof they should not charge people for their service.

The pricing is considered as average pricing compared to most other signal services. You can have a good signal provider in this price range, you can take a look at this page.

CONCLUSION

Although they are providing verified results statement (Back-test) for EA Robot, they are not providing any verified result for signal service.

And using some unethical methods to fool new traders, unfortunately this is not a potential service we are looking for our trading community.

If you like their Signal or Robot service, you can test his free signals in your demo account for at least a month, before purchasing their service. And try their signal service first.

And don’t buy any kind of robots until you don’t know enough about robot trading, how it works. Robot trading is not for beginners.

However, FOREX MILLION CAPITAL LTD Signals would have avoided this situation very easily, if they provided their myfxbook profile for our verification.

Thanks for reading the “FOREX MILLION CAPITAL LTD” review. Let’s see what the community has to say in the comment section.

👉 Note: Those of you who want to start trading professionally can take advantage of these trading tools.

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