PipsStation Review: this is a Forex trading indicator that claims to provide signals for traders. Is pipsstation.com legit or scam?
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.
The Pips Station is an indicator provider or vendor that claims to be able to give accurate trading signals to traders. It has two major products for sale at the moment. They are: The Vortex Sniper Forex System and the FX Venom Pro Trading System.
On pipsstation.com, the vendor, Pips Station, does not give the name of the creator or a location. It is therefore not possible for us to say where it is based or who runs this service. We found that it was launched in July of 2019, making it only almost a month old.
Its website has a professional touch in terms of design but the lack of the above mentioned information is fishy. Accessing Pips Station website shows frequent pop ups about various users who already bought the products.
This is difficult to ascertain and even less believable because for a product this new, Forex traders are always skeptical. We now look at how the products offered by Pips Station work.
How Vortex Sniper Forex System Works
This is the first product advertised on the page and it seems to be the major one as well. Vortex Sniper Forex System claims to be a new tool that can be used by both experienced and inexperienced traders.
Pips Station mentions that the product sends alerts as pop ups or via emails or phone notification when a new trade is on. It is said that each alert will indicate if the signal is for buying or selling. Along with this alerts are “take profit and stop loss” levels.
Beneath the explanation is a video that claims to show the product in action. It however does not have an accompanying voice explanation and only gives a surface show of the strategy.
A satisfaction rate of 93% is assured traders as well as sample trades shown in images on the page.
How FX Venom Pro Works
Pips Station offers a second indicator product called the FX Venom Pro. Like in the first product there is also claim that this too is a new innovation. It is said that this product uses a new kind of trading formula to maximize profit from both major and mini trends.
The FX Venom Pro Trading System is also said to indicate if the signal is for buying or selling. It gives bands on traders’ charts.
There is not much information on how this one works as well and traders are generally not satisfied with this kind of surface explanation.
Many legit and trusted indicator providers give explanations on how their products work. The products are sold for $37, which is a competitive price but may not still be enough to win clients.
Clients Feedback on Pips Station
As was mentioned earlier, the only thing we found by way of review from clients are the pop ups which we find hard to believe.
Trading results are not verifiable and we have had experience that they can be falsified to suit their agenda.
Pip Station Support
To contact a customer care representative of the vendor, clients are to send an email to email@example.com
Conclusion About Pips Station
There are many online scammers parading as indicator vendors and signal providers. Traders have learned over time to be cautious and seek enough information about a vendor before patronizing any.
Pips Station comes with a good pricing structure as well as innovative strategies and options. However, the vendor gives no trusted results and it has no good reputation among traders as at this time.