Easy Forex Pips Review: Does It Win or Lose?

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Easy Forex Pips

Easy Forex Pips provides easy-to-use signals that have allegedly attained outstanding profits for years now. The vendor guarantees that you will receive good rewards if you follow the signals patiently while sticking to the stringent monetary management measures they have set up. 

What is Easy Forex Pips?

Here are the features of the service as stated by the vendor:

  • It provides 4-7 trading signals per day.
  • Easy Forex Pips offers short and long-term tools to enable users to select the method that best suits their trading styles.
  • The system trades in all market sessions.
  • It offers free signals through its Telegram channel, and paid signals are received through email or in the VIP channel through Telegram.

Official Easy Forex Pips website

The official website is well organized. It includes some sections, such as the home page, about us, latest results, Myfxbook, VIP plans, and FAQ pages, among others. These are meant to help you easily find the information you would want to know about the service. 

Easy Forex Pips is run by a team of beginner and active traders who claim to have 5+ years of trading experience in the financial markets. Every team member is dedicated towards fulfilling the requirements of clients. 

How can we use Easy Forex Pips?

You can use Easy Forex Pips to get advice on how to trade in the Forex market. By subscribing to the service, you get a chance to receive trading ideas from its team of professionals. You can then copy these signals to your account. 

Pricing and refund

The vendor offers various membership plans. At $45, you can use the service for a month. But if you want to use the service for longer, say 3 months, the price rises to $75. The remaining packages are designed to last for 6 months and 12 months, and they can be obtained for $105 and $100, respectively. 

Trading strategy

We are informed that the company’s professionals work with manual trading strategies. They basically use technical indicators to assess the market and later make decisions, which they supply to users in the form of buy or sell signals. They also provide info on the entry points, stop loss, and possible targets. 

The team particularly uses a mixture of several trend-following indicators along with oscillators and support and resistance levels to identify entry points. To set take profit levels, they merge areas and levels of past market price achievements with Fibonacci expansion levels. A trend following strategy is also employed and is mainly designed to work on the H4 chart. 

No backtest report is provided. So, it is not clear whether the team has backtested its strategies or not. 

Current performance

Live trading results on Myfxbook
Live trading results on Myfxbook

The devs want us to believe that the signals have caused this account to grow by more than 210 million percent, which is quite unrealistic. Their decision to lock out some of the data values from the public is also suspicious. 

Moving on, we are told that the signals have implemented 15043 trades since the account was activated in July 2019. All this while, they have been generating a monthly profit of 98.60% for the account. The drawdown is much lower at 16.55%, which signifies low-risk trading.

To date, the pips won are 211718.4, and the success rates for the long positions are 69% and 70% for short ones. More losses than wins are reported as we have an average loss (-165.20 pips) that is higher than the average win (91.30 pips) by far.   

Monthly gains for 2020
Monthly gains for 2020

The signals made profits for the user all through the year 2020, except for September.

Monthly performance for 2021
Monthly performance for 2021

The service was also productive last year, but the profitability rate declined significantly from February through April. The data has not been updated since then. 

What customers say

This signal provider has received much acclaim from customers on Trustpilot. Overall, a total of 361 traders have given it an excellent rating of 4.8, affirming that the signals are profitable. Be that as it may, there’s a user who states that the platform is a waste of time and money. According to him, Easy Forex Pips generates way more losses than wins. 

Positive customer reviews on Trustpilot
Positive customer reviews on Trustpilot

Alt: Positive customer reviews on Trustpilot. 

Negative customer testimonial
Negative customer testimonial

Summary: is Easy Forex Pips a trustworthy service?

Easy Forex Pips
3 5 0 1
Traders seem to be satisfied with the service offered by Easy Forex Pips, which suggests that they may be profiting from it. The signals are also easy to use as you only have to copy them onto your account. All the same, the devs’ activities on Myfxbook are suspicious. They may be hiding something about the true performance of the signals.
Traders seem to be satisfied with the service offered by Easy Forex Pips, which suggests that they may be profiting from it. The signals are also easy to use as you only have to copy them onto your account. All the same, the devs’ activities on Myfxbook are suspicious. They may be hiding something about the true performance of the signals.
3.0 rating
3/5
Total Score
  • Strategy
    3.0 rating
    3/5 Neutral
  • Features
    4.0 rating
    4/5 Good
  • Trading results
    2.0 rating
    2/5 Bad
  • Reliability
    3.0 rating
    3/5 Neutral
  • Pricing
    3.0 rating
    3/5 Neutral

Like

  • Excellent customer rating
  • Free signals are available
  • Easy to use

Dislike

  • Lack of backtest data
  • Vendor transparency is inadequate
  • Loses more than it wins
Total
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