Welcome to the Edge Trading review. This Forex signals service promises ‘trading at your fingertips’ and the ability to earn ‘extra income from anywhere in the world’. The devs of this Forex signals service claim that Edge trading can provide traders with an 83% success rate, +1500 pips a month, 2-5 signals daily, and full-time customer support. Claiming to have 25 years of experience in trading Forex, this signals service assures the ‘highest success rate in the industry’. Can we trust their claims? Is it a good signal service to rely on? That is what we are going to discuss in this Edge Trading review.
Edge Trading: Characteristics
Edge Trading signals service is compatible with all brokers and can work in all regions. The one thing traders need to have is a phone. So, to start trading with this trading tool, we need to:
- Join their private Telegram channel
- Get notifications as soon as a trade opportunity arises
- Copy a trade to out trading platform
- Grow our portfolio
The dev assures that their generated premium signals provide an 83% success rate and over 1500 pips monthly:
As well as we’d like to believe these numbers, it is difficult to, as the dev does not provide any proof to back it up.
This signals service has a number of features we’d like to point out:
- The developers represent themselves as a team with ‘25 years of experience in trading Forex’. If it is so, why no team member is represented? Why are there no social network profiles to get in touch with them?
- Signals service is available to any user region
- It is compatible with any broker
- Its premium signals promise an 83% success rate
- The signal’s frequency is 2-5 signals a day
- Traders can expect to have over 1500 pips per month
- Signals are delivered via notifications
- Traders have to manually trade on the Edge Trading platform
- The service unites 2000+ premium members
- Traders are provided with 24/7 customer support
Currency Pairs, Strategy & Timeframe
According to the vendor, the 83% success rate is because of the trading approach used by this service. It is achieved by a ‘combination of algorithms and detailed analysis of the market’. However, this vague statement is all they tell about the trading strategy used by their signal service. We cannot analyze the efficacy of the Algorithmic approach as well as cannot define the productivity of the system.
Edge Trading Trading Performance
The team failed to share their backtest results to disclose the trading strategy they used. Weird for a team having over 25 years’ experience in the industry. Without backtests, it makes impossible to analyze and understand the performance of the system.
On the Edge Trading website, there is a ‘portfolio results’ page that shows 2 separate charts: monthly profit in pips and accumulated returns in % over the same period starting from January 2020 (looks odd, as the service was launched in August 2020).
Unfortunately, these charts are not clickable and have no link to trading results. Moreover, we have noticed that the information stopped updating in September 2020. What happened? Was this service abandoned?
How much does it cost?
This signals service comes for $41,90 per month. When we click the ‘add to cart’ button, we are redirected to the other page to complete registration where we have to provide our personal information. It looks strange and over informed as for a signals service:
The package includes access to premium signals group, 2 TP for each trade, 2-5 signals a day, monthly pip counter, and full-time customer support. It also comes with a 14 days money-back guarantee.
It also includes a 14 days money-back guarantee.
Reviews from customers
The devs provide us with fake people testimonials that cannot be verified.
The team that stands for this signals system does not have their page on FPA, Trustpilot, or Quora.
Should You Use Edge Trading?
- Affordable price
- 14 days money-back guarantee
- Their trading strategy is not explained
- No backtests provided
- No trading results provided
- Lack of vendor transparency
- No customer reviews
- Their website seems to be abandoned
Edge Trading is another scam service. They did nothing to convince us that there is a team of 25 years of experience behind this signals service. They need to be more transparent with their overall presentation. Its frequent signal generation feature is the one positive feature we can say about Edge Trading. The rest looks suspicious and unclear. We do not know what strategy the system uses or who stands for Edge Trading. We haven’t seen backtesting results or live trading results. The devs stopped updating their charts with “trading results.” It is a big con, as they show that they do not care about what their clients may think about them. Probably, it is because the service is abandoned. In any case, we would not recommend Edge Trading.