Forexgdp.com Review: this is the website of a Forex signal provider team and they claim to be the brains behind Forex GDP. Is buying this signal worth it? Read our review to see what experts have to say about the Forex trading software.
What Are Forex EAs, Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.
It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Forex GDP Signal Review
When we accessed the vendor’s website, Forexgdp.com, we found that Forex GDP claims have a team of Forex traders who have 20+ years of experience. The vendor also says it can provide between 300 to 1,500 pips every month.
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It opens with the statement ‘don’t trade all the time’ and encourages traders to only make trades when they have confirmed signals. Forex GDP claims to have been operating since 2001.
How Forex GDP Signal Works
Forex GDP does not provide any proof of how it ensures that the signals it sends are correct. There is no detail on how they calculate or monitor the market. We only found one mention of replacing traders who provide a losing signal.
While this may seem impressive to new traders, we can assure you that many signal providers have also mentioned that this is what they also do. The logic behind this is to ensure that all members of its team provide winning signals.
Yet, this is not convincing enough. Most of the information on ForexGDP website is explanations of what Forex trading signals mean. We are not satisfied with how little the details that the vendor provides are.
ForexGDP Signal Price
To buy Forex trading signals from Forex GDP, traders should be willing to spend between $84 to $147 every month. There is a free membership that provides between 2-4 signals every month via WhatsApp.
A premium membership is available for $84 and this ensures that traders get 8 -12 signals monthly. The vendor sends these signals vial email and WhatsApp.
The supreme membership costs $147 and offers customers 16-25 signals per month. Traders on this plan will get email support and signals via emails and WhatsApp.
As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.
We found that Forex GDP has a 3.8/5 –star customers’ rating available on other third-party website. Likely, this is because FXBinaryBot is still new. However, it also does not provide verified trading results from a live account.
This is discouraging as it shows that the trader really has no proof of how the robot fares in the Forex market.
To get in touch with the vendor and find out more about the signals, send an email to firstname.lastname@example.org
While Forex GDP does tick some of the boxes of a legit Forex trading signal provider it doesn’t tick some. The fact that it also doesn’t provide trading results is also a red flag for us. Thus, we cannot recommend that you go ahead to purchase this robot.
- Positive client review
- Affordable pricing
- Customer support
- Unknown vendor
- No live trading result
- No strategy insight