SV3 Trading is a Forex signal provider that sends profitable trade signals through Telegram and promises a success rate of 70-90%. It claims to have more than 1200 VIP members and offers you access to an education platform and a trading course. But, the question remains, is it a reliable system that generates profits consistently?
Detailed Signal Provider Review
The vendor makes a rather brief presentation on the official website, outlining the pricing details, features, customer testimonials, how to get started with the software, and an FAQ section. There is no information about the developers, except for the fact that there are three of them based in the UK and Spain and they have ample experience in the Forex market.
We have no way of finding out whether these are real people, for there are no images and we know nothing about their background.
In order to start using this system, you first need to download the Telegram app and join their group. Next, you should download the Metatrader 4 platform through which your trades will be placed. There is the option to join the free group of the paid VIP group, for which the links are provided through email.
Finally, you need to sign up with a legitimate broker. The vendor recommends using the BDSwiss broker, but you can use any other broker as well. Results are shown daily for this Forex signal provider, and the vendor claims that it is a transparent service. Daily pips are counted and the market is analyzed thoroughly to provide the best signals for the users.
Strategy Tests
A trading strategy is one of the most vital aspects of any trading system. By studying the technical details of the strategy, Forex traders can get an idea regarding whether it can generate profits in the live market or not. Unfortunately, there is nothing on the official website regarding the trading strategy.
While the blog section of the website has some articles about Forex trading, it would be nice if these were connected to the trading process. Since we don’t know what kind of strategy is used by SV3 Trading, we cannot say with confidence that it is an efficient Forex trading tool.
Live Account Trading Results
Considering the fact that the vendor has made claims of 5-15 signals on a daily basis and a success rate of 70-90%, we expected to find some live trading results to back these facts up. Since there aren’t any, these seem to be unrealistic and hollow promises.
There is nothing on the website to back up the vendor’s claims, so in other words, they have zero track record. If this was a legitimate and efficient Forex trading system, the vendor would have provided live trading results verified by third-party websites like FXBlue and Myfxbook. Serious Forex traders would take this lack of information as a major red flag since they don’t consider investing in a system that has nothing to show for its success.
Furthermore, there is no backtesting data available for SV3 Trading either. Through backtesting data, we get to know how the system has performed on historical data and it reveals important details about the trading system, such as its profitability, number of trades lost and won, drawdown, etc. Since we don’t have either backtesting data or live trading results, we cannot possibly complete our assessment of the system.
Pricing
SV3 Trading has three separate pricing plans for 1 month, 3 months, and 12 months and for these, you have to pay $50, $97, and $337, respectively. The features offered for the first two plans are exactly the same. With the last plan, however, you get access to an advanced Forex Course and Live Trading Breakdown. These prices are pretty standard compared to other Forex signals.
Customer Reviews
We couldn’t find any real user reviews concerning SV3 Trading on websites like Forexpeacearmy and Trustpilot. While there are screenshots of customer testimonials provided on the official website, they could easily have been fabricated. The absence of customer reviews further establishes the fact that this is not a reputable trading tool to invest in.
To conclude, you definitely shouldn’t consider investing in SV3 Trading. First of all, we have no idea who the developers are and what kind of experience they have in the Forex market.
Secondly, nothing is mentioned about the trading strategy applied, and although tall claims are made about high success rates, there are no live trading results to back them up.
Finally, there aren’t any user reviews to be found anywhere, and this tells us that not enough people know about this system. You are much better off looking for other, more reliable options.
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