Are you searching for the Max Pips FX reviews in order to find out what is Max Pips FX trading signals provider. The signal service provider sends 2-10 pure Forex signals in a day, so is it scam or legit? You are absolutely in the right place because here, within our MaxPipsFX review, you are going to find out the complete truth about Max Pips FX.
Vendor Address : Julien Detouche, located at 24 Rue Paul Vaillant Couturier, Neuilly Plaisance, France.
Actually, we don’t recommend anyone to use Max Pips FX. If you want to know why, then you can find the details within our Max Pips FX review as below. But, after knowing the fact that the Max Pips FX is a scam, if you don’t want to find out more details on it, but instead want to find out the legit Forex trading software, then you can click this link:- Best Forex Robots.
OK, let’s begin with our Max Pips FXr review in order to find out what is Max Pips FX in real.
Max Pip FX Review
The sales page tells us that the Max Pip FX signals are coming from a “professional trading team,” that all use a specific precision method to provide traders with high quality opportunities. As I mentioned above, there is actually no information on who these traders are. So, while we are being told that they are professional trading team, there is actually no proof, or way that we can validate their qualifications. When dealing with Forex robots, this is not as important, but when it comes to a signal service with an actual trader is providing the signals, it’s important that we know who the trader is, and what type of trading experience they have.
In terms of strategy, the developers claim that their trades are based on the economic calendar. Outside of this, there is no real explanation that sheds lights on their different methodologies and trading approaches.
I would like to know much more about how the signal providers generate trades, and the type of traders that we are relying on to send us these trades. This is common with other signals providers I’ve recently reviewed like WeTalkTrade, and AndyW LTD.
- Type: Forex Developer
- Price: $99/month
- Strategy: Economic calendar
- Timeframe: All
- Pairs: All
There are currently 3 plans available for traders to purchase in order to access the Max Pip FX signal service. The one month plan cost $99 per month, but it traders register for 3 months they can get a 10% discount, and another 10% discount on top of that if they order 6 months. So you can essentially pay $89 per month, or $79 per month depending on how long you sign up for the service in advance.
Each package comes with all the major pairs, SMS notifications, email notifications and access to the support helpdesk. There are no differences between any of the plans, outside of pricing.
There is a live trading results section, which can be accessed at the top of the Max Pip FX sales page. On this page, we see a trading statement with 1525 winning trades, and 7 losing trades. Over this period of time, the account is showing a gain of over $725,000.
While these numbers are extremely impressive, this page could easily be modified and edited to suit the needs of the vendor. It’s very possible that these results are 100% fake.
My recommendation for this trading team, is to upload this trading statement to Myfxbook or FX Blue, so that it can be verified. As of right now, I don’t see how we can truly put our faith in these results. They also tell us that they provide 2 to 10 signals per day, and this doesn’t add up with the trading statement. So, I do wonder if they are just not showing us the losing trades.
The type of winning percentage they are boasting, definitely comes across as a too good to be true type scenario.
There are both positive and negative comments about the Max Pip FX service, so it’s difficult to know who is telling the truth. One of the comments is quite telling though, as they did in-depth research on the trading results, and can show that they have had drawdowns of over 500 pips.
This is obviously a dangerous trading approach.
At this point in time, I’m not going to be signing up with the Max Pip FX signals. There are certainly aspects of the website that I appreciate, but I do believe that they have a ways to go in terms of transparency. I won’t be signing up with the service until they start providing verified trading results, and give us much more information about the signal providers and the type of strategies that they are utilizing in order to determine signal quality.
Thank you for stopping by, and please let me know if you’ve anything you would like to add to the review now.