Signals review: FX Republic Ltd
Welcome to the FX Republic Ltd signals review. They claim to have a team of more than 10 professional traders with years of experience in the financial markets.
Their expert team believes that they are providing the best signal service in the market that will help any retail forex traders profit consistently every month.
Fx Republic Ltd also claim to has rated five stars on many investing websites. Unfortunately, they don’t link up any of those investing sites. They should be link-up those sites.
It has been two and a half years since this service provider has launched its service, they are providing signal service at Telegram channel, The Telegram channel was created on 8 October 2017 and their website was registered on 11 November 2019.
They believe that traders can learn forex trading by utilizing their free Signals.
FX Republic Ltd is providing free and paid Forex trading signals.
Every day they disclose 1 free signals in the free Telegram channel.
Each forex signals contain Entry point, 2TP & 1 SL point.
Keeping up to date about running positions and giving small updates about the market.
However, in this review, we will let you know whether it’s worth paying money to remain a subscriber of FX Republic Ltd.
FX Republic Ltd Signals review
There are recommending a minimum account balance of $100 only, where their premium signal price is $50 for two months,
So, if someone paid $50 just signals fee which is 50% of his balance! 😀
Then how a customer gonna make any profit out of his signals? the only couple of negative trade is enough to blow the account. only $100 investment makes no sense for using a $50 paid signal service.
The developer team didn’t provide information about the signal provider, traders providing signals to clients of FX Republic Ltd have never been introduced anywhere on the sales page or Telegram channel.
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.
They are providing 2 free signals every day, so traders can try their free signals first.
They are giving short-term signals, so traders looking for long term trading opportunities will feel disappointed.
At this point, we would need to look at FX Republic Ltd pricing, what we’re getting, and whether or not this signal provider can show us their trading results.
FX Republic Ltd- Results:
FX Republic Ltd doesn’t provide any verified results. Instead of verified results, they publish profit screenshots and screen recorded videos to convince traders that their service really pays. But only screenshots and videos do not just count.
When they’re publishing their weekly or monthly results, you’ll see that there are hiding their losses, if you look closely you will notice that they are counting all take profits but counting 1 stop loss only once. If they are using 2 take profits, it means they should count stop-loss twitch.
So that the accuracy of the signal will be the same but the profitability will be lower.
It becomes quite difficult for us to verify the alleged trading results, that is why we always insist that signal vendors must use a statement sharing services like myfxbook.com or fxblue.com.
There’s nothing that prevents FX Republic Ltd from creating a profile and publishing their results on the platform.
It makes our work easier when it comes to analyzing the figures they are showcasing to persuade traders and the trends of their trading account.
He was joined Tradingview 3 years ago and has published only 10 analysis, last time he published was 10 April 2018.
Yet he provides signals but he does not provide his analysis behind each signal.
There are 3 signal packages offered by FX Republic Ltd. They’re offering Short Term Forex Signals.
- Type: Forex Signals
- Price: $50/2 months
- Signal Frequency: 3-5/day
- Target: 1500-2000pips/month (Not Verified)
- Accuracy: 80%+ winning rate (Not Verified)
Traders can access FX Republic Ltd signal service by purchasing 2 months, 4, or 12 months membership. 2-month subscription will cost you $50, and 4 months $75. and Yearly subscription fee is $150 And all premium packages providing the same services.
$50 for 2 months is cheap pricing compare to most other signals providers. But without results verification they should not charge any fee at all.
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.
FX Republic Ltd is hiding their losses, so the accuracy of the signal will be the same but the profitability will be much lower.
Making big promises and claims just to persuade newbie traders.
Just sharing unverified results history and screenshot are not gonna prove them a verified signals provider.
However, FX Republic Ltd 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 FX Republic Ltd review. Let’s see what the community has to say in the comment section.
1 review for FX Republic Ltd – Signals Review | Trusted Forex
- Free Signals
- Keep updated about positons
- No verified results
- No info about team members
- Hiding Losses
- Slow Customer support