The Easy Forex Pips company provides signal service for investors. They have additional services like education and courses. The presentation looks simple as for a well-known service. You can find more details in our Easy Forex review.
Product Offering
Let’s get started from the features list:
- We can receive the signals from the Telegram channel.
- They have an expert team of analysts that generate these signals.
- The signal format has everything we need to know: Symbol, Direction, Entry Point, Stop Loss, and Take Profit levels.
- The free channel has more than 90000 subscribers.
- There are over 5000 traders in the VIP channel.
- The company has over four years of history.
- The signals are delivered between 8 am and 12 pm GMT +3 during a London session.
- The vendor has no company registered or hides info about it that why the presentation has a low level of transparency.
There are four packs that vary by range from the one-month membership to the annual membership. The one-month subscription costs $45. The three-month subscription costs $75. The six-month subscription costs $105. The annual subscription costs $150 with $20 OFF. The packs are featured by Live Telegram alerts, 4-7 signals a day, Daily Chart analysis, 1-3 targets per trade, 4000+ pips monthly, and tips for money management.
Trading Strategy
We don’t have any info about the strategies they perform. Most likely, as for this type of service, they generate Trend and Price Action strategies.
Trading Results
There are no backtest reports provided. It can mean that there several robots run the account. These signals can be received from third-party traders.
The robot runs a real USD account on the Forex Club broker with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record badge. It was created on May 18, 2018. Since then, the absolute gain has become +1379.7.
The robot has closed 5346 deals with 564578 pips. An average win is 186.31 pips when an average loss is -97.91 pips. The win-rate is 70% for Longs and 72% for Shorts. An average trade length is one day. The Profit Factor is 2.07.
It trades many symbols, but the most traded were EUR/USD (939 deals and 20244 pips), GBP/USD (1096 deals and 37732 pips), and Gold (687 deals and 440709 pips).
The system works during European trading hours.
Wednesday is the most-traded day – 1212 deals.
It runs the account with low risks to the balance.
The trading history is private. So, we are not allowed to check deals. It’s a bad move as for signal service.
2021 profitability looks like a bad joke.
GBP/USD (17.6%) and USD/CHF (13.0%) are the most frequently traded symbols in February 2021.
Customer Reviews
We can find many positive testimonials on the site.
The company runs a page on Trustpilot with 112 reviews and a 4.1 from 5 rate.
This person doesn’t like the service because he lost his account trading provided signals.
We don’t know what this person talks about. Deposit? There’s no deposit.
These clients noticed that the signals SL and TP levels aren’t equal.
