FX Leaders Signals Review: this is the name of a firm running a website that claims to give accurate trading signals to clients. Is Fxleaders.com legit or scam Forex signals provider?
What Are Forex 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 provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
FX Leaders claim that their website covers not only signals but Forex trading strategies and social trading. With their signals, which they claim are the best, traders can make profit by reaching good “critical decisions”.
It is totally in character for Forex service 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.
We discovered that they are the same people who ran the old FX Market Leaders website as well as Smart Financial Traffic LTD. Benefits that are said to come with using one of the packages offered to clients are:
Signals by Email
24×5 Technical Support
Market Leaders Trading Guide
How FX Leaders Works
Nothing much is provided by way of how the service works. It is not unusual for service providers not to give this kind of information, nevertheless, it is not encouraged. Traders like to be assured that they are not dealing with group of people who know only little about the market.
The Trading Guide mentioned among the benefits is said to be a 10-chapter book that also includes a bonus section. They claim that lots of examples are includes as well as case studies, tips and practices. It is worth $49, which is pricey for such a shallow description.
FX Leaders Pricing Structure
$39.90 /monthly plan.
Traders are also said to be able to get free signals after they join Trade.com which seems to be a partnering broker.
We find that the sample size of the reviews is small and out of this, the signals provider gets 2.2/5 stars’ rating. This is a poor mark and when we looked at this most of the recent ratings are negative. Unlike legit vendors, those running FX Leaders do not bother to respond to the criticism from supposedly aggrieved clients. We find this discouraging.
Trading results are also not provided by the Forex signals provider. Signal services and other providers find that it is easier to gain trust of traders by creating accounts on other third-party websites where their results can be checked and verified. This is another red flag for them.
To reach the vendor of this service, clients are directed to send an email to email@example.com
We find that many of the important details are lacking from the page of FX Leaders and we would want them to provide them. The negative reviews should be addressed along with the missing trading results. For a service provider that have been in the market for so long we find it shady that they have not fixed these issues.