General information

VENTUREFX claims to give only the most profitable forex signals and offers 1-2 free signals daily on its telegram channel. It also claims to have more than 90% winning percentage and gives 1,500 to 2,000 pips profit per month. Let's see if this is really true. This signal provider has no website. There is almost no information about the provider on the internet.

Social network

VENTUREFX has an Instagram page with 2,232 followers. But with over 2,000 followers, there are only 5-10 likes on posts. The low activity suggests a cheated audience. Moreover, only successful trades are published here, there are no losing trades at all.

https://www.instagram.com/venturefxs_signals/

There is also a Twitter account at the provider with 63 followers. There is little activity here. The posts are duplicated from the Instagram account.

https://twitter.com/venturefxs

Telegram

The main source of signals is the telegram channel. It has 12,499 subscribers. It is worth noting that since the beginning of this year, the number of channel subscribers has grown by over 3,000 from 9,149 to 12,538. At the same time, the average number of views is 170. Audience engagement is at a very low level of 1.36%. All of this indicates that there are cheating subscribers.

In the telegram channel is published impressive results of profitability signals from the VIP group. The group has contacts of the administrator, but the account is completely anonymous.

The provider still shares the results of the signals for a certain period of time. Here, traders can view monthly or daily trading results of the trading signals. Can these results be trusted since these results are not confirmed by any third-party websites like myfxbook?

Signals

Let's analyze one of the signals on the AUD/CHF pair on 16.07.2022 at 12:52. The signal was to buy the asset at 0.66380. After the signal the price of the asset immediately went down, but did not reach the stop. It should be noted that the risk/profit ratio is less than 1.

Another of the last signals from the provider's telegram channel was to buy the pair NZDJPY. The trade closed successfully after some time, the price reached the first and second take profit. Again, like in the previous example, the risk/profit ratio is less than one. And the stop loss is very large. This is very alarming because with such an R:R you can easily lose capital and nerves.  

Reviews

I have not found any reviews on third-party Internet sites on this provider. There are many reviews of the same type in telegram, all of them with gratitude about the success of trades. Obviously, as their either negative or neutral reviews are not there. Therefore, such reviews in the posts on telegram channel are not trustworthy.

Conclusion

VENTUREFX hides almost everything from traders. For example, what is his trading experience or whether he uses a proven trading strategy. He claims that his success rate is 90%. At the same time the results have not been verified in any way. The provider cannot show us that it can trade with the declared accuracy and simply providing screenshots of trades does not confirm these results. Taking into account these facts and about the cheating of the telegram channel, moreover, the provider's anonymity, is it worth trusting such a provider?