Lion Fx review
General information
Let's look at a forex signal provider called Lion Fx. The provider has a free and vip channel on telegram. The provider has a youtube channel. In addition to signals, he does teach trading. Let's take a closer look.
Social network
Let's start with instagram of provider with 1207 followers. It is not active here, as there are few posts. Here you can find reviews of the provider's clients. Those feedbacks are from clients who have been educated by the provider, as well as feedback from clients who have used the signals service.
https://www.instagram.com/forextradinglions/
There is a YouTube channel with quite a large number of subscribers. On the channel there are mainly educational posts about trading and technical analysis. In the channel description, the provider writes the following: "With over 8 years of trading experience and 5 years of consistently profitable, I am sure you can learn a lot of amazing tips & strategies from my channel and exponentially boost your trading success in the long run! "
https://www.youtube.com/@ForexTradingLions/
Signals in telegram are posted from the tradingvue profile. He has 257 subscribers. Analysis posts about 3-4 times a month.
https://www.tradingview.com/u/FX-TradingLions/
And on the Facebook page, the ISP duplicates posts from YouTube. There's nothing relevant here.
https://www.facebook.com/forextradinglions
Telegram
The main source of the provider's signals, like most of the others, is the Telegram channel. It has 1651 subscribers. The average number of views is 212. Audience engagement is very low and amounts to 12.85%. In the channel description the provider writes: "Your success is our mission. Reliable high win rate signals, genuine support. Let's grow together!"
If you look at the history of the number of subscribers, you can see that it has been falling since the beginning of this year from 1800 subscribers to 1600, which is -11%. In addition to signals actively advertised VIP group with results like these below and market overews that can be useful for beginner traders.
Signals
Let's look at the signal layout and its quality. The signal was to sell EURUSD on September 18. The opening price is 1.0666. Spop loss is at 1.0746. The provider always gives several take profits. The first one is at the level of 1.0646. The second one is at the level of 1.0606. And the third at 1.0506.
As we can see the price after opening the deal immediately went against, but then turned around and reached all the goals. Immediately noticeable is the negative risk-reward ratio. It is necessary to have a large amount of capital to withstand such a drawdown as you can see on the chart.
The next sell signal for EURGBP. The opening price is 0.8564. Very large stop loss at 0.8644. First take profit at 0.8544. The second at 0.8504 and the third at 0.8404. After opening the trade, the price immediately went up and reached the stop loss. The provider didn't report anything about it.
Reviews
There are no reviews about this provider on Trustpilot's third-party platforms. On the Telegram channel it shares reviews. But these reviews are less trustworthy. All the same, third-party reviews platforms causes a higher trust. Instagram also has reviews, but again they are just screenshots from Telegram.
Conclusion
In general, the provider has good analytical skills. Signals in Telegram are designed as they should be. But the negative risk ratio is alarming. The provider has the large majority of subscribers in social networks, especially in YouTube. But it is strange that there are no reviews on third-party platforms. What differs from other providers is that he does not give 100% in a week or guarantee a huge income as many providers do to lure newbies. Although he posts monthly trading results without confirmation in the telegram channel.
