mastermindfx.com: Signals Review
Mastermindfx is a Forex signal provider that provides short term Forex signals with one take profit target and one stop loss point.
They claim to have a combined 8 years of financial market trading experience, and the experts team believe that they are the best signal provider in the forex industry with 90% win rate. This is super high win rate claim, almost impossible in long run.
We will review all aspects of their service to see if the claims they have made are true. Whether there is enough evidence behind the claims.
They are broadcasting 1-2 free signals every day on their public channel. So that their customers can test their free signals.
Their website was registered on 22 August 2019 and their telegram public channel was created on 7 August 2019. They have often been operating this service for the last one year.
In this review, we will let you know whether it’s worth paying money to be a part of mastermindfx.
This signal provider delivers short-term signals with 15-30 pips TP and 25-35 pips SL.
And in most trades, the size of the SL is 10-20% larger than the TP, therefore profit ratio is 1:0.7 – 1:1 . As a result, even you win more trades, you will make less profits.
They claim to have an astonishing 90% win rate. But we don’t see any verified results to backup their claims. They only share cropped screenshots of the profit on their public telegram channel, which is certainly not enough to prove their claims.
And they are giving 10 to 15 trading signals every day, they should pay more attention to the signals quality rather than quantity.
There is no information about their expert team members anywhere in the sales page or in Telegram channel, so we don’t know who are they and about their trading experiences.
We always prefer the signal providers to use any third party monitoring service. So that customers can check out the complete history of a trading account and all the details.
Verified results are surely helpful in order to gain trust from customers. In this way a signal provider don’t have put so much effort to convene customers that their legit or not.
It is not very difficult task for signal providers to show verified results, but they do not do it because most signal providers want to hide their losses. Most new traders are agreed to use their services by only looking at screenshots of their channel’s profits. most new traders are not careful with signal provider result verification, because they don’t know anything about results verification.
mastermindfx SIGNAL PRICING
- Type: Forex Signals
- Price: 45/month
- Signal Frequency: 10-15/day
- Target: 2000-3000pips/month (Not Verified)
- Accuracy: 90%+ winning rate (Not Verified)
They were offering four different packages for accessing their premium signal service. package includes 1 month for $40 and 3 months for $70, 6 months for $120 and 1-year premium membership is $160.
Pricing is average compared to other signals provider. But you can have a good signal provider with 100% verified results.
Although this vendor doesn’t provide any verified results, they update weekly and monthly trading results. It’s true that most signals providers doesn’t provide any results verification, so you have to test them out on your own.
Since they provides free signal, we prefer you test free signals in your demo account for at least a month, before purchasing their service, if you see that they are not lying, ends if you are happy with your trading result. Then you think take next steps.
However, mastermindfx.com Signals would have avoided this situation very easily, if they provided their myfxbook profile for our verification.
Thanks for reading the “mastermindfx.com” review. Let’s see what the community has to say in the comment section.
- Free signals
- Client feedback sharing
- No results verification
- No info about team
- No analysis sharing