FX Leaders is a signal service that helps traders identify profitable opportunities and produce signals for trading that are easy to use. Delivering real-time news related to market scenarios, the company puts forth market breakdown, commendations, and ideas on trading, other than its signal production aspect. While delivering notifications on the key currency pairs, the company also offers news related to other trading instruments like cryptocurrencies. The signals production segment focuses on generating live signals which you can copy to the MT4 platform you have and execute trades.
Detailed Signal Service Review
Based in Tel Aviv, Israel, FX Leaders consists of a team of expert analysts with combined trading experience in all important financial markets. As per the company info, the team is committed to providing members with trading insight and interpretation of the main market factors. The ‘About Us’ page provides info on all the team members led by Skerdian Meta, a professional trader with 10 years of experience. While there is no phone contact provided, an email address and online contact form are present for customer support.
From the information provided on the site, the signals produced by the company are actually concepts. The ideas help you decipher all the important aspects of trading including SL, TP, buy, sell, and other settings. You execute a trade as per the concept provided at the specific market rate on seeing a signal that is in live position.
Features of this service include short- and long-term analysis of trades. You can use the signals to match any trading style including swing and day trading. Different types of timeframes come into play to accommodate the varying signal categories present here.
FX Leaders Strategy Tests
While there is no explanation of the strategy used for the signal generation, the vendor mentions using manual trading approaches instead of automated signal generation. Manual signals are preferred by the vendor due to the higher value the team places in human intelligence as opposed to artificial intelligence. No backtests are provided by the vendor. The lack of strategy tester reports along with the absence of strategy explanation is disappointing. While the official site has elaborate info on signal services and how they work, there is not much information specific to FX Leaders.
Real Account Trading Results
A detailed profit and loss report that reveals the performance of the service is published on the site. The report is however accessible only to the premium members. With the report, account holders will be able to get information related to the signal types, choose specific instruments, and customize. It is also possible for members to perform analysis on their own with the report.
However, we would prefer results from a real account trading verified by a reputed site like myfxbook.com. Authenticated results reveal important details related to the trading account such as the deposits, balance, gain, risk to reward ratio, drawdown, and more. Without a proven track record, we find the service is not a reliable one.
An annual plan that costs $9.80 per month is made available to users. The annual package includes mobile notifications and alerts via email for all signals. Complete access to all details on signal performance and unlock entry price are other features offered as part of the package. While no money-back guarantee is offered, the pricing is affordable when compared to other similar vendors available now.
Feedback from customers is found on the Trustpilot site. There are 28 reviews for the company with a rating of 3 out of 5. We found both negative and positive reviews for the company. Here are a few screenshots of the feedback:
From the negative assessments, we can see that the service does not provide genuine signals and is a scam service. The user opinions reveal that the signal service is mediocre and customer support is non-existent. However, the positive reviews indicate an easy-to-use and profitable system. But most of the recent reviews reveal that it is a scam.
As an FX signal system assuring profits to customers, FX Leaders fall short in several aspects. The website is intended to impress prospective users but only ends up confusing them with the amount of information it provides on the site. But the vendor fails to give important details like the strategy used, the backtests, and the trading results.
Although there is mention of a performance report, it is accessible only to premium users. The lack of verified track record makes it difficult for us to accept that the service is genuine and effective. The negative user feedback further confirms our suspicions that this signal service is not trustworthy.