ASTRATEQ review
General information
Today we are going to review a signal provider called ASTRATEQ, which is a forex signals channel. It claims to have 5 years of experience in the financial market. Provides signals on its free and paid channels.
Website
The website of the provider is down.
Telegram
The main source of signals is a Telegram channel. It has 6787 subscribers. The average number of views is 354. The audience engagement is on a low level and is equal to 5.21%.
If you look at the graph of the number of subscribers over the years, you can see the signs of fake subscribers on the channel. Fast growth, then a drop. Is this good advertising or has there been a spoof these days? In my opinion the latter, it confirms the degree of audience engagement.
Provider guarantees 100% profit with a win rate of 95%. And all this without confirmation. We do not know the provider's strategy and risk and money management.
Signals
Let's analyze one of the signals on GBP/USD given on November 4, 2022. The signal was to buy GBP/USD at 1.1220. Stop loss was at 1.1170. Take profit at 1.1420.
After the trade opening the price went immediately against the forecast and the trade was closed with a loss. The provider did not report it.
Another example. The signal was to sell gold at the price of 1667. The stop loss was at the level of 1677. And take profit was at 1657. The ratio of risk to profit was equal to 1. After opening the trade the price immediately went against the forecast and the trade closed with a loss.
Reviews
There are no reviews on third-party online platforms on this provider. There are the same type of reviews on another telegram channel provider. Surely, as their either negative or neutral reviews do not exist. All of them with gratitude about the success of the signals. Certainly, such reviews in telegram channel posts are questionable.
https://t.me/astrateqfxfeedback
Conclusion
The number of subscribers on the telegram graph shows a high probability of fake subscribers. Most of the signals and results are from the PREMIUM channel, which again you need to buy a subscription to see the real results. ASTRATEQ provider actively posts stories of profitable trades from the PREMIUM group, but the results stories are not verified. However, it would have been very easy to avoid this situation if they had provided us with their myfxbook profile to verify. We should not trust everything a signal provider promises.
