Pips Factory review

General information

Today we will review a signal provider called Pips Factory. The signal provider offers free and paid signals. The provider does not have a website, but it has Facebook and an account on TradingView. Let's take a closer look at Pips Factory.

Social network

The provider has a Facebook account with 1,766 subscribers. The main channel publishes already closed successful trades from the VIP telegram group, as well as brokers' advertising.

https://www.facebook.com/byforexfactorybd/

There is also a Tradingview account with 400 subscribers. The last post was in August 2021. There is no activity here.

https://www.tradingview.com/u/Pips-Factory/

Telegram

The main source of signals is the telegram channel. It has 7,589 subscribers. The average number of views is 782. The audience engagement is on a fairly low level and is equal to 10.29%. If we look at the number of subscribers since the beginning of this year 2020, we can see that it has been falling for a long time. You can see that it has been falling since December 2020. The number of subscribers dropped from 18,287 to 7,589, which is a loss of audience of -58%.   

In the channel description, the provider promises 1,500 to 2,000 pips per month.

Signals

Let's analyze one of the latest signals from the provider's telegram channel. It is worth noting that the provider almost never posts signals on the public channel. The last signal was on February 17, 2022 from the VIP group to sell the asset gold at 1876. Stop loss at 1881 and take outs at 1870 and 1855. The risk/profit on this trade is 1. 

After opening the trade the price fluctuated for some time, but then went up and the trade was closed on the stop loss. The provider did not notify anything about it.

Reviews

There are no reviews on large third-party platforms about this signal provider, including in the provider's telegram channel itself.

Conclusion

Pips Factory has a large number of subscribers on the Telegram channel, but the rate of audience engagement is quite low. This suggests the possibility of cheating subscribers.

Provider leads social networks, telling about his profitable trades, but no one left a review about it. Most of the signals are only from the VIP channel, there are no free signals, which makes it difficult to test the provider's analytical skills. There is almost no activity on the telegram channel, given that the last post was in July of this year.