Royal Forex Signals Review
Are you searching for the Royal Forex Signals reviews in order to find out what is Royal Forex Signals vendor. This vendor claims that the are one of the leaders in Forex market, so is it scam or legit? You are absolutely in the right place because here, within our RoyalForexSignals.net review, you are going to find out the complete truth about RoyalForexSignals.
Actually, we don’t recommend anyone to use Royal Forex Signals. If you want to know why, then you can find the details within our Royal Forex Signals review as below. But, after knowing the fact that the Royal Forex Signals is not Legit, 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 Royal Forex Signals review in order to find out what is Royal Forex Signals in real.
Royal Forex Signals Contact: The vendor is Graydon Services Limited, located at Suite 102, Ground Floor, Blake Building, Corner Eyre & Huston Streets, Belize City, Belize. But this contradicts the New York address stated on the top navigation bar of their website. This discrepancy is a red flag to show that this vendor is not serious about investment.
Royal Forex Signals Review
Despite the obvious issues with the website development, the Royal Forex Signals service tells us that they have a client base of over 760 members that’s growing constantly. They focus on technical analysis, in providing short-term trading signals. Each signal will come with the asset direction, price for entry, stoploss and take profit. The trader is expected to wait until the market reaches the price recommended by the service, and then execute the trade accordingly.
The developers believe they can provide a stable income because they have an effective risk reward ratio with the average stop loss at around 45 pips, and average take profit at around 75 pips.
Then, they tell us that the success of their Forex signals ranges anywhere between 69% to 90%, and this number “has not changed since the year 2010.” I really never quite understand what developers are trying to tell us when they give us such a large range of winning percentage. You either average 69%, or you average 90%, I don’t see how you can average between these numbers unless the numbers are provided with some sort of time constraint. This is confusing, and misleading.
The Forex signals are sent via email, the web platform, or directly to your phone via SMS. This is a very common delivery system, which we’ve seen recently in reviews of Signals Premium and Max Pip FX.
- Type: Forex Signals
- Price: $99 – $499
- Strategy: Technical Analysis (End of Day)
- Signals: 7-15 Per Day
- Pairs: 11 Currency Pairs
The price range for the Royal Forex Signals service varies from $99 all the way up to $499. The original $99 per month plan provides essentially everything the other plans provide except there are only 7 signals per day and traders don’t have access to SMS signals. With that in mind, the developers claim that their most popular package is $149 per month which comes with 7 to 15 signals per day and access to the SMS delivery system. The $259 plan is for 3 months, and before hundred $99 plan is for 6 months.
Each of these planes uses an end of day strategy, but it isn’t elaborated on in much detail anywhere on the website.
The results section of the website is quite disappointing. The Royal Forex Signals team provide us with a screenshot of a graph, and a monthly performance table that shows us their signals gain around 700-800 pips per month.
The reason I say this is disappointing, is because none of these numbers can actually be verified. The vendor shows us numbers, but never substantiates them with actual trades or trading statements.
In 2018, Forex signal providers need to be providing traders with much more transparency. With access to free trading platform such as Myfxbook and FXBlue, there is really no excuse for a vendor to provide trading results that can’t be verified. When I see results like these, I tend to believe that they are fabricated by the vendor.
As is frequently the case with signal services, the Royal Forex Signals product is impressive in some areas, but lacking in the areas that are most important. As I mentioned in the trading results section, this vendor needs to do a much better job at providing us with adequate trading statements and verifiable results. When this is completed, I will consider revisiting this service and testing it out myself.
If you have anything you would like to add to the review, now is the time for you to leave your comments and questions below.