Pips Life Review: this is the name of a Forex signal service that gives traders trading signals or indicators. Is pipslife.com a scam or legit signal provider?
The website touts this provider as the “one and only place where you can buy VIP Forex signals for $1 each on demand”. Unlike other services that require monthly, yearly or lifetime plans, this signal offers a pay on demand system. They even offer refunds if their “Stop Loss” signal gets hit.
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PipsLife thus is unique in this method. Traders would likely want to consider this provider because it is offering them a way to cut cost. Some monthly or yearly plans might be wasted if the subscriber does not get the time to trade.
We do not get to see corporate information on this signal service provider. It is important that Pips Life fix this as many would not want to do business with a vendor without name and location.
How Pips Life Works
When we investigated how the signals are generated, we could not determine any useful information. Again this is a disadvantage, the vendor would do well to fill the gaps of missing information. The FAQs section cannot cover all the details lacking.
We found that names are withheld from public knowledge. Like was stated earlier, traders would be much interested in this service if they could place names to those running Pips Life. Lack of information would make traders start to form conclusions in their minds that may not be entirely true.
PipsLife forex signals states on the page that the following are reasons why they are unique.
Benefits of Pips Life
No Subscription Required: signals can be bought whenever they are required and thus it eliminates the need for expensive subscriptions that may go to waste.
Fully Refundable: Once the signal’s Stop Loss gets hit, clients are promised an automatic refund.
Large Number of Active Members: it is mentioned that as at March 2019, the service has 2.8k active members.
Get Free Signals: clients can get deposit bonus credits anytime a contact they invited makes a purchase.
A minimum deposit of $5 is required in clients account, then they can purchase signals for $1. All that is needed is clicking the “Buy” button next to a signal from the active list to find the trade setup details.
How to Make Deposits on Pips Life
Deposits can be made on Pips Life via credit cards, Bitcoin, PerfectMoney and Skrill.
Client reviews are only found on the page and not on other third party websites like TrustPilot and FPA. This is surprising because Pips Life claims to have 2.8k members already.
Trading results are not available as well on websites that we can trust, rather we only find one result on the page that seems to have come from the mobile device of one of their clients.
The customer care representative of this service can be contacted via the email: firstname.lastname@example.org
The unique offer of paying as you use is an advantage for Pips Life and we also found that their customer service is responsive. However, they offer no detail on how signals are generated. There is a gaping lack of results and client reviews as well.