CFTopTrading review
General information
Today, we are going to take a look at CFTopTrading, a forex signal provider that offers signals for the cryptocurrency market. With 10 years of experience in the financial markets and many Telegram channel subscribers, the provider boasts an impressive track record. In addition to their experience, they maintain active social media profiles and a popular Telegram channel. Let's delve into the intricacies of CFTopTrading and find out what makes them stand out in the ever-changing cryptocurrency trading landscape.
Social network
The provider's Instagram account boasts a substantial following of over 12.5 thousand subscribers. Their feed is dedicated to sharing insightful analytics of the crypto markets and keeping followers updated on the latest news from the world of cryptocurrency. Nearly the entire Instagram feed of the provider is filled with updates and reports on trading activities taking place on the Binance platform.
https://www.instagram.com/cftoptrading/
Additionally, they maintain a presence on Facebook, where they have a profile. The content from their Instagram account is mirrored and shared on this platform as well.
Telegram
The primary source of signals is the Telegram channel, boasting a substantial following of 34,7943 subscribers. On average, each post garners 1,126 views. However, despite the channel's sizeable audience, the level of engagement remains disappointingly low, currently standing at a mere 3.23%.
Throughout the year, there were fluctuations in the number of subscribers to the service. The visual representation in the graph indicates that the provider has been artificially boosting the number of subscribers.
The channel description boasts a decade of experience, yet lacks tangible proof to substantiate this claim. There are no track records provided by the provider to validate their assertions. Investors should approach such claims with caution and conduct thorough due diligence before making any investment decisions.
Below, you can explore the offerings extended to VIP clients by the provider.
Signals
Let's analyze one of the recent signals from the provider's Telegram channel. It is important to note that all signals are shared exclusively within the VIP group. The signal advised to purchase Bitcoin in the range of 68100 - 68300, with a stop loss set at 67000, and take profit targets at 69000, 70000, 71000, and 72000. However, after initiating the trade, the price moved in the opposite direction, resulting in a loss upon closing the trade. Surprisingly, the provider did not report this outcome to the clients.
Another signal was to enter a long position on ETHUSDT between 3520 and 3530 with a stop loss set at 3460. Take profit levels were established at 3550, 3580, 3640, and 3720. Following the trade execution, there was some initial price fluctuation before it started moving in the opposite direction and eventually hit the stop loss.
Reviews
Despite achieving a high win rate in the VIP group, it is surprising that there are no reviews available on major websites or the provider's Telegram channel. One would expect a signal provider with such success to have garnered numerous reviews, yet there seems to be a lack of feedback and testimonials.
Conclusion
The CFTopTrading provider boasts a sizable subscriber base on its Telegram channel, yet engagement levels appear to be lacking, suggesting a potential inclination towards disinterest among subscribers. While actively promoting its lucrative deals on social media platforms, the provider falls short in substantiating these claims with verifiable evidence.
