Bunnex IG review
General information
Today we will analyze forex signals provider Bunnex Investment Group (B.I.G). The abbreviated name of the company is consonant with the word "BIG", which means big, large. Do you expect great success after using signals from this provider?
Website
Let us start with the website of the provider. The provider says it has over 10.000 clients. In addition to signals, the company provides training and portfolio management services.
On the home page, the company promises a constant return to clients, with a success rate of 75 to 85%. It also claims to have 12 years of experience trading forex and its own "proven and powerful trading strategies".
Social network
The provider has an account on Instagram with 2196 subscribers. On the main channel provider publishes already closed successful trades, as well as educational trading posts.
https://www.instagram.com/bunnex_investment_group/
The provider also has a YouTube channel. It has 13000 subscribers. Mostly educational trading videos are published on this channel.
https://www.youtube.com/c/BunnexInvestmentGroup
There is also a page on facebook with 1175 followers.
https://www.facebook.com/bunnexinvestmentgroup/
Telegram
The main source of signals is the Telegram Channel. It has 5182 subscribers. The average number of views is 1,370. The involvement of the audience is at a fairly good level and is equal to 26%.
The group functions anonymously, there are contacts of the administrator, but there are not any more links. In this case the site shows the legal address of the company. Therefore the address is a business center. In the list of companies registered at this address Bunnex Investment Group is not listed.
Signals
Let's analyze one of the signals for the pair NZD/JPY at 16:16 on 06.04.2022. The trade is attractive in terms of profit to risk ratio. Its value is equal to 0.38.
After opening of the position the price really went down. The position was closed at Take Profit on April 11 at 03:00, 5 days after opening. It should be noted that the closing was at the low of the Japanese candle. There was an immediate rebound from that level, and the currency pair went upwards. Luck or skill?
There was no information about the position closing in the telegram channel, so it is not clear whether the provider kept the short position for 5 days or closed it earlier. The profit made +12.34 pips.
Let's analyze another signal on the EURUSD pair at 14:04 on 02.12.2021. In terms of profit to risk ratio the trade is risky. The ratio is greater than 1, potential profit is lower than the risk.
The trade was entered at the local maximum. Almost immediately after the buy the quotes went down. The trade was closed by the stop loss just 2 hours after its opening. There was a post about it in the Telegram channel. The loss amounted to -22 pips.
Reviews
No reviews about this provider were found on third-party internet sites. The description on the website states that the company has over 12 years of trading experience. No one has been able to leave a review on a third-party resource in all that time? There are several reviews on Telergam, all of them with gratitude about the success of the unique indicators. Naturally, as their either negative or neutral reviews in the group do not. This is why the reviews in the group posts do not appear trustworthy.
Conclusion
Bunnex Investment Group promises you vip signals and education based on private indicators after which your profits will grow many times over. After analyzing the group, I did not notice any really unique indicators offered by the provider. In general, this is the usual technical analysis, which can be studied online and for free. Bunnex Investment Group also claims on its website that it has been in the market for over 12 years, but it does not have a single review on a third-party website. The company's website also states the success rate of 75% to 85% without any proof. Do you think it is worth it to trust this provider?
