Alex Friedman review
Introduction to Alex Friedman
Alex Friedman is a well-known cryptocurrency signals provider that has a significant number of subscribers on various platforms, including Telegram and other social media channels. The provider offers both free and paid signals to its subscribers. In addition, Alex Friedman has created a website and reviews on Trustpilot. Let's understand why the signal provider has so many subscribers.
Alex Friedman Website
Upon visiting the website, prospective clients are immediately presented with a claim that "Our VIP channel members keep profiting daily from Alex Friedman's VIP signals!" This statement suggests that the provider's VIP channel members can expect consistently profitable results, but it may also be perceived as an overemphasis on potential profits rather than actual guarantees.
https://www.alexfriedmancrypto.com/
The provider outlines several reasons for potential customers to consider purchasing a VIP subscription, including:
- 2 to 5 signals daily (and occasionally more)
- Clearly defined entry points
- Specified take profit levels
- Established stop losses
Additionally, the provider claims a success rate of 80-90% and suggests a potential monthly growth of 500% or more. Such statements are notably bold and appear to lack independent verification through proof of trades by a third-party source. This kind of messaging may be particularly appealing to newcomers in the crypto space, but it raises questions about the realism of these claims.
The provider further asserts that they are making profits and receiving thanks from their customers, but they do not provide any evidence or testimonials to support these claims. This lack of transparency raises questions about the credibility of the provider's assertions.
The provider makes a particularly questionable claim, stating, “Members get repaid their subscription to the channel in JUST ONE DAY or even a couple of hours🤑 ANYONE CAN DO IT🔥.” This emphasis on accessibility and quick returns appears to be targeted at attracting newcomers, suggesting a level of profitability that may not be realistic for all individuals. Such statements raise concerns about the provider's intentions and the potential for misleading prospective subscribers.
Alex Friedman Social Media
Examining the provider's social media presence, particularly on Platform X from 2022, we see that it has around 785 subscribers. The description asserts, “We are the MOST POWERFUL team in the world. We made all the coins on TOP with many whales in cryptocurrency.” Such bold claims should be approached with skepticism. The assertion of being the "most powerful team" and having made all major coins raises red flags, especially given the absence of concrete evidence to support these statements.
Alex Friedman has garnered a following of approximately 3,200 subscribers on Binance Square's profile. The most recent post dates back to September 2024, where the provider shared various signals and insights related to the cryptocurrency market. According to his profile, Friedman boasts 15 years of experience in trading, which underlines his expertise in the cryptocurrency space.
https://www.binance.com/en/square/profile/alexfriedman
Telegram
The primary source of signals from Alex Friedman is his Telegram channel, which has attracted nearly 129,000 subscribers. However, despite this large following, the level of audience engagement is relatively low, with an engagement rate of just 1.55%. This implies that, on average, only about 2,050 individuals interact with or read the provider's posts.
The subscriber growth pattern for Alex Friedman’s Telegram channel suggests potential manipulation in maintaining follower numbers. The data indicates a sharp rise and fall in subscriptions, which raises suspicions of artificially supporting subscriber growth. Such fluctuations may reflect tactics aimed at inflating numbers rather than genuine interest or engagement from the audience. This could affect the credibility of the signals and information shared by the provider.
In its Telegram channel, Alex Friedman offers a variety of subscription plans for cryptocurrency signal services. The pricing is structured as follows: $300 for a one-month subscription, $800 for six months, and a lifetime membership for $1200. Subscribers to the VIP plan can benefit from several features, including daily access to 3-10+ trading signals focused on futures markets. These signals are designed for both short- and medium-term trading and come with clearly defined entry points, take profit targets, and stop loss parameters.
Additionally, his service provides resources for novice traders, including educational tips and tutorials to enhance their skills. VIP members also receive support to assist with any inquiries they may have. The provider claims that users can achieve impressive average monthly profits of up to 500% which is highly questionable.
The provider not only shares trading signals but also offers news and insights related to the cryptocurrency market. This comprehensive approach ensures that subscribers are well-informed about market trends, upcoming events, and analyses that can impact their trading strategies.
The provider revealed that it currently has just over 1,900 customers in its VIP channel, which is noticeably less than two months ago when it had over 2,100. This drop in subscribers suggests that they may be having trouble retaining customers, which could be due to various factors such as concerns over trading performance, connectivity issues or competition from other providers.
It is important for a signal provider to maintain customer satisfaction and trust, as a shrinking customer base can affect trust and future growth.
Alex Friedman Signals
Let's analyze the signals provided by Alex Friedman. One notable signal recommended buying the asset VIDT/USDT. Although the provider did not specify exact entry and exit levels, they included a screenshot of the chart, highlighting approximate entry and exit points.
Following these signals, the VIDT price moved upwards and reached several target levels successfully. Overall, the information gleaned from the signal and accompanying chart proved useful for those who followed the recommendation.
The next signal from the provider involved the asset ATOM/USDT. Similar to the previous signal for VIDT/USDT, the provider only shared entry and exit levels through a chart and did not provide specific figures.
Unfortunately, after the signal was published, the price of ATOM declined sharply and hit the stop loss level. This outcome was not communicated by the provider, which can be a concern for subscribers relying on these signals for their trading decisions. Transparency about both winners and losers is crucial for maintaining trust and helping traders adjust their strategies accordingly.
The last signal was on buying the LDO/USDT asset. Although the entry and exit points were not specified in the signal, it is clear that the price of LDO/USDT followed the recommended trade direction.
As the LDO price grew, it successfully overcame several target levels, finally reaching 9% growth. These results are a positive indicator of the provider's signal quality, demonstrating their ability to identify profitable trades.
Feedbacks
Examining the provider reviews on the Trustpilot website, it can be noted that only six reviews were posted in 2023. Brief positive reviews were posted in September 2023 which is suspicious because no one posted after these reviews. And the limited number of reviews raises questions about the overall volume of reviews and may not give a full picture of the provider's performance.
https://www.trustpilot.com/review/www.alexfriedmancrypto.com
Conversely, there is one negative review from a customer who expressed dissatisfaction, citing losses and mentioning that many trades hit their stop-loss levels. This negative experience can significantly impact the provider’s reputation, especially as it highlights a potential fundamental issue with their trading strategy or communication regarding risk management.
The absence of additional reviews on other platforms, coupled with the limited number of reviews on Trustpilot, suggests that there may not be widespread feedback available for this provider outside of their Telegram channel. However, the presence of numerous customer reviews on Telegram implies that the provider has an active client base engaged directly through this communication platform.
While the reviews on Telegram can provide insight into the experiences of current clients, it's important to approach them with caution.
Conclusion
Alex Friedman, a crypto signal provider, has a substantial number of subscribers on his Telegram channel; however, audience engagement appears to be comparatively low. On both his website and Telegram channel, he claims to deliver a 500% return per month with a success rate of 80% to 90%. However, he does not provide any verifiable proof or track record to support these assertions. Additionally, it is noteworthy that the provider only accepts payments in USDT and does not offer the option to pay via bank card, which raises some concerns among potential users.
