Easy Forex Pips is a company that has been providing Forex-related signals for years. The presentation is featured not only by explanations but also with trading results. The main statement is “Trading Education and Tools. Easy Forex Pips.” The developers “increased” the mentioned win rate from 90% to 95%.
Easy Forex Pips: Characteristics
Next, we see some welcome information about the system, signals, and what we have to expect:
- The company focuses on providing BUY/SELL signals in real-time via the Telegram channel.
- There’s an expert team of market analysts behind the service.
- Signals are delivered with the most important information: Symbol, Entry Point, Stop Loss, and one or several Targets.
- The free channel includes over 90,000 subscribers.
- The VIP channel has a solid number of subscribers – over 5,500.
- The firm provides services for over four years.
- Half a page before, they said about 95% of the win rate.
- We can receive signals during the European and American sessions from 8 a.m. to 12 p.m.
- In the FAQ, they promote Easy FX as a broker house.
- But on the site, they have an advertisement for the XM broker. It’s a quite-known broker house.
Currency Pairs, Strategy & Timeframe
- There is no information about the strategies behind the signals.
- There can be all 28 cross pairs traded.
- The time frame doesn’t matter because the signals can be filled on any or even without any chart open.
Easy Forex Pips Trading Performance
We have no backtest reports provided. It’s a huge disadvantage because we are not allowed to know how the system traded on the past data and what results it has achieved.
The robot has a real UD account on IC Markets to run with 1:30 leverage on the MetaTrader 4 platform. It’s suspicious that they promote EasyFX and XM but use IC Markets as a broker. The account has a verified track record, and trading privileges verified badges. It was created on July 30, 2019. Since then, the absolute gain has become +286.43%. An average monthly gain is 6.58%. The maximum drawdown is 16.55%. Fifteen people track the account.
In the last two months, profitability was around the ground.
The robot closed 15037 deals with 211,718.4 pips. An average win is 91.35 pips when an average loss is -165.20 pips. The win rate is 69% for Longs (5275/7564) and 70% for Shorts (5233/7473). An average trade length is a bit higher than four hours. The Profit Factor is 1.52.
The system works with an insane number of symbols. It’s a significant con because it doesn’t focus on improving trading results from one or several currency pairs. The most profits in pips were obtained on USTEC – 184,855. The most frequently traded symbol is XAU/USD – 2943 deals.
As it was mentioned, the robot works during the European and American sessions.
Most traded days are Tuesday (3251 deals) and Wednesday (3271 deals).
The robot works on the account, setting it at high risk. To lose all of the account balance, we have to lose only 19 deals in a row.
Trading results like Open Orders, Open Trades, and History is not available. So, the developers can hide risky strategies there.
How much does it cost?
There’s nothing changed for a long time. We have four packages that vary by range. The one-month VIP membership costs $45. The three-month VIP membership costs $75. The six-month VIP membership costs $105. The twelve-month VIP membership costs $150. All of them are equal by features: live telegram alerts, 4-7 signals per day, Daily Chart analysis, 1-3 targets per trade, 4000+ pips per month, and money management tips.
Reviews from customers
The presentation includes some faceless reviews that were brought from Trustpilot.
There’s a page on Trustpilot that includes 124 reviews. The rate is 4.2.
There are several negative comments that were written last week. The client mentioned that the win rate is a scam because deals hit SL quite often. The developers provide no refund.
The same case we have here as well. The developers manipulate results from a free channel.
Should You Use Easy Forex Pips?
|The developers provide referral links for registration on brokers||No team revealed|
|Real account trading results provided||No strategies explanations provided|
|There’s a channel for free signals||No backtests reports provided|
|March and April 2021 have low trading results|
|It works with many symbols that can be unfamiliar for an average trader|
|Trading results are covered from us|
|No refund policy provided|
|There are negative testimonials on Trustpilot|
|People mentioned deep SL levels, no refund, and many negative testimonials|
Easy Forex Pips is a service that provides signals via VIP and Free telegram channels. According to testimonials published on Trustpilot, the signals’ quality is low, and developers cheat, increasing real profits and decreasing losses. People also mentioned that developers provide no refund if we don’t like the service.