Forexpod Vip review
General information
A signal provider called Forexpod Vip, which trades only gold. The provider provides free and paid signals in the Telegram channel. The provider has a website and a Facebook page.
Website
The site provider is not working.
Social network
The provider has a Facebook page with 600 subscribers. The main channel publishes already closed successful trades and results. There are a lot of videos with fancy videos about being a successful trader. I think this is done to attract the attention of inexperienced traders.
Telegram
The main source of signals is the telegram channel. There are 8,509 people subscribed to it. The average number of views is 286. The audience engagement is very low and equals 3.36%.
If we look at the growth of the number of subscribers, we can see that it is constantly dropping. In one year, it lost from ten thousand to the current numbers. This may indicate that there may be fake subscribers.
The name of the channel is already different. In the channel description they warn that there are many scam channels with the name forexpod. As already mentioned above, the provider has only signals for gold on the channel.
The provider is asking $89 for their services and below there they promise 30% for the day. This raises doubts about the provider. The provider shares his results for the week, which totaled 840 points. And the success rate of forecasts is more than 85%. But these results are not confirmed. They also show the name of the strategy called "Fibo Sniper". Although the backtest and performance of this strategy is not revealed.
Signals
Let's analyze one of the latest signals from the provider's Telegram channel. The signals were to sell gold at the price of 2030. Stop loss at the level of 2035, and take profit at the levels of 2025. The risk/profit is one-to-one on this trade.
After opening the trade the price fluctuated for some time, but then went up and reached the first SL. The loss amounted to 50 points. The provider notified about it.
Another example. The signal was to sell that gold at the price of 2036. Stop loss at 2042. And take profit at 2032. The risk to profit ratio on this trade was negative. After opening the trade, the price immediately went according to the forecast and reached the TP. The trade closed with a profit of +40 points.
Reviews
There are no reviews on major sites about this signal provider, including in the provider's Telegram channel itself.
Conclusion
Forexpod Vip provider actively posts results from the VIP group without any verification. The constant decline in the number of subscribers tells us that the provider likely has fake subscribers. There is a high probability that the provider is misleading us, and the level of engagement confirms it. The results from the VIP group are unverified and as usual providing a history of results as well as screenshots will not prove that the results are verified.
