FX Leaders Review: Does it Win or Lose?

FX Leaders

FX Leaders is a company providing Forex trading services including signal generation. The team here claims to be skilled in spotting market opportunities and generating successful trading signals. While the company has an impressive-looking repertoire delivering different types of FX trading services, we noted that it does not provide a proven track record of its performance. The absence of verified results and backtests makes us suspicious of the reliability of the service. 

What is FX Leaders?

Providing real-time news updates and analysis of the market, FX Leaders also delivers trade recommendations and signals. This service deals in signals of the long term that extend from one day to several weeks which guarantee a pip range of 80 to 250 pips. Signals traded on a shorter time frame of 10 minutes to hours are also part of the service and the pip range is from 15 to 50. 

Besides the FX signals, the company also generates signals for trading other market commodities like gold, crude oil, platinum, and more. Although the vendor claims to deliver superior performance, we could not find any mention of the currency pairs the system works on, the recommendations on the minimum deposit, leverage, brokers, etc. 

Official FX Leaders Website

With the signal service being part of the various other services offered, the website has plenty of info related to FX. We can see separate sections for FX news, cryptocurrency, FX brokers, and more. However, the vendor does not provide relevant info that traders would need to know like the trade recommendations, backtesting reports, trading performance, and more. 

The team at FX Leaders is headed by Skerdian Meta, a market analyst, and professional FX trader. He has over 10 years of experience in the field. Other team members include Arslan Butt, Rowan Crosby, Shain Vernier, and Eric Furstenberg. The vendor provides a location address, which indicates the headquarters is in Israel. An online contact form is the only customer support option present, which we find is inadequate. 

How Can We Use FX Leaders? 

As per the vendor, with the premium account, you can get signals in real-time in the form of alerts or notifications via your phone or email. You will receive information like the entry price for a trade, the trading instrument, signal type, SL, TP, and more. The signal generation is done by expert analysts and professional traders according to the company. Along with the signals, info on the approaches used for generating the signals and the reason for using them is also provided. 

Pricing & Refund

FX Leaders Pricing

A premium package is present which costs $9.80 per month. The price includes access to the performance reports, notifications, and alerts via mobile and email, long-term signals, and more. Free signals are also part of the service but do not have the alerts and other features present with the premium account. When compared to similar signal providers, the price looks affordable. There is no mention of a refund offer which makes us suspicious of the reliability of this service. 

Trading Strategy

Manually managed signals

While most services offering signals are automated, this company prefers using manually managed signals. The vendor claims the manual component helps in more accurate signals as the experienced and skilled analysts help generate effective signals. However, we are disappointed to note that the vendor does not provide the approaches used in the generation. No strategy tester reports are present which makes us suspicious of the reliability of the company.

Current Performance 

Profit and loss report

No verified results are present. Instead, the vendor claims to provide a report having the profit and loss information which is only available for the premium account users. The lack of a proven track record further confirms our doubts regarding the trustworthiness of the vendor.

What Customers Say about FX Leaders?

We found 33 reviews for the company on the Trustpilot site. A rating of 3.4/5 is provided. Here are a few of the testimonials:

User reviews

From the above negative reviews, we can see that the service is a fake one. One of the reviews indicates continuous stop loss and loss of money. 

Summary: Is FX Leaders a Trustworthy Signal Service?

FX Leaders
3 5 0 1
FX Leaders claims to provide effective and profitable signals. But the lack of a proven track record, failure of the vendor to explain the strategy used, and absence of backtests show that the company is not transparent about its performance. The negative user reviews confirm our suspicions that it is not a trustworthy service.
FX Leaders claims to provide effective and profitable signals. But the lack of a proven track record, failure of the vendor to explain the strategy used, and absence of backtests show that the company is not transparent about its performance. The negative user reviews confirm our suspicions that it is not a trustworthy service.
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
    2.0 rating
    2/5 Bad
  • Pricing
    4.0 rating
    4/5 Good

Like

  • Manual signal generation
  • Wide range of FX services

Dislike

  • The strategy used is not disclosed
  • No verified performance
  • Negative reviews
Total
0
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