FXTrends is another signal service that provides “The Best Forex Signals” ever. The vendor insists that this is the #1 Forex Signal Provider. FXTrends is “the best choice for all traders.” Let’s figure out if FXTrends is a viable signal service in our review.

FXTrends presentation

Product Offering

The company is registered as Fair Trading Ltd (09181896) in England & Wales. The firm has a medium level of transparency because we can not only be sure that this is a real company but also check trading results from 3rd party-verified account.

  • The company has over 10-year experience.
  • They have provided over 100k pips.
  • We can copy-trade deals from the main account using copy-trading software.
  • Copy-trading works automatically on our account.
  • We can expect from 1000 to 2000 pips monthly.
  • The average trade frequency is 4-7 trades daily.
  • For copy-trading, the trade frequency is from 8 to 19 deals daily.
  • There are complete trading courses.
  • The win-rate is 90%. It’s a lie. The win-rate is 74%-76%.
  • Access to chart analysis channel.
  • Access to indices signals channel.
  • The system is easy to use.
  • There’s 24/7 English and Spanish support.

FXTrends - account setup

  • The vendor provided screenshots of how to customize copy-trading software.
  • We can set our own risk free from the master account.
  • We can start trading with as little deposit as the broker can allow us to work with.
  • The main platform to run the software is MT4 or MT5.
  • Copy-trading supports ECN accounts.
  • The risk should be set at 1% to the account balance.

FXTrends - signals format

  • The signals have the next format: time, currency pair, direction, Entry Price, SL, TP1, or even TP2.

FXTrends price

There are different pages with the offer and different prices. Copy-trading costs $29.99 or $150. Is it a scam? Most likely, yes, if the prices vary that much. Forex Signals cost $19.99 (monthly, right? It’s unclear). It’s one of the cheapest offers we’ve ever seen, even if it’s a monthly subscription. 

Trading Strategy

The developers didn’t disclose details of a trading strategy or strategies. It’s a huge disadvantage that doesn’t increase trust between us. According to trading results and the name of signals, there’s a trend trading robot behind the system. There are no backtest reports as well.

Trading Results

FXTrends Myfxbook

It’s a “fxtrends net copy trade” real USD account. The vendor insists that this is a manual trading account. We have huge doubts about this. The robot runs on the MT5, trading with 1:400 leverage. The account runs with a verified track record. It was created not so far ago – on June 30, 2020, and funded at $685.17, and withdrawn at $45.86. It’s tracked by a huge number of traders – 199. The absolute gain has become +597.24%. An average monthly gain is +38.14%. The maximum drawdown is twice fewer – 19.76%. 

FXTrends advanced statistics

FXTrends closed 711 deals with 21520 pips of the profits. An average win is 73.09 pips when an average loss is -102.91 pips. There were 63.38 Lots traded. The win-rate is 74% for Longs and 76% for Shorts. The average trade length is over a day. The Profit Factor is high – 2.92.

FXTrends trading results

It trades all available on the MT5 symbols. The most-traded and the most profitable is EUR/JPY with 137 trades and $830.

FXTrends trading results

The robot focuses on trading during the European trading hours.

FXTrends trading results

Friday is the less traded day – 99 deals.

FXTrends trading results

The robot trades with little risk to the account balance. For losing 10%, it has to lose 39 deals in a row.

FXTrends trading results

It doesn’t use Martingale to increase profitability.

FXTrends monthly gain

FXTrends monthly gain

It closed all months with solid profits.

Customer Reviews

FXTrends Customer Reviews

FXTrends Customer Reviews

There’s a page on Forex Peace Army with two reviews.

FXTrends Customer Reviews

One testimonial was positive when the other one negative. It’s such little feedback as for the service like this.


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PROS
The company has a registration in the UK
Settings explanations provided
Copy-trading is available to execute signals automatically
Real-account trading results
It works with all available symbols
Solid profitability
CONS
No team revealed
No strategy details provided
No backtest reports provided
There are no people testimonials on the site, and Forex Peace Army
There’s a weird pricing
No money-back-guarantee provided
6
Verdict
FXTrends is a signals provider and copy-trading service provider based on the real account trading results. The robot trades frequently, working with all available symbols in MT5. Pricing isn’t formed well because we’ve seen two opposite offers for the same service. There’s a huge lack of comments as to the service with these trading results. It’s suspicious. Using it or not using it is completely up to you.

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