Forex GDP welcomes us with a wordy presentation. From the main page of it, we know that signals have a technical background, and they are provided with chart analysis. The main statement informs us that there’s “Live ForexTrading Signals with Chart Analysis.” They strongly believe in “Quality of Trade Signals is more important than Quantity of Trades.”
Forex GDP: Characteristics
The presentation includes explanations, settings, and details:
- We can expect the signals will have a win rate from 80% to 95%.
- The system can provide us with the maximum profit signals that have from 1:5 to 1:10 ROI.
- The signals are delivered with fundamental and technical explanations.
- They are delivered in the same format: Symbol, Reason, Time, Direction, Entry Price, Stop Loss, and Take Profit.
- The company delivers free signals as well. So, we can check their quality.
- If we need we may ask the representatives for risk and money-management advice.
- There are many strategies that the system works with: Swing Trading, Trend, Day Trading, Consolidation, Support and Resistance level, Positional trade strategies, and several others.
- The developers have over 20-year or Forex-related experience. We are sure they don’t because they should have been millionaires if they started trading successfully 20 years ago.
- The signals have a Take Profit level at 150 pips.
- We can use any broker house we want.
- If we talk about a package, it includes analysis with charting and trading ideas.
- The signals have four types:
- The first one is Jackpot signals. We mentioned them before. They have a 1:5-1:10 risk-reward ratio. They have 20 pips Stop Loss and from 100 to 2000 pips Take Profits.
- The second one is trend-reversal signals. We can get in time when the market goes in the opposite way from the previous move.
- The third one is big-trade signals. They occur when the market goes stable and predictable.
- The fourth signals are about commodities symbols like Gold, Silver, and so on.
- The last ones are signals that are based on High-Impact news.
- There’s a free signals Telegram channel with 13,859 users.
- We can trade our own chartings.
Currency Pairs, Strategy & Timeframe
- Signals have united the strategies: Swing Trading, Trend, Day Trading, Consolidation, Support and Resistance level, Positional trade.
- We can trade on any currency pair because the signals are generated for many of them.
- The time frame doesn’t matter because they are signals that we fill manually.
Forex GDP Trading Performance
We don’t have any backtest reports or trading results provided. It’s a crucial con because we can’t trust blindly that the developers have 20-year of successful trading experience. If this was true, there would be several accounts that show that the developers are real traders with solid profits on well-deposited accounts.
At the same time, we don’t have an account where these signals are traded. So, neither developers nor us know how good they are. This intel is important because it makes everything clear about the real profitability of signals. Verified accounts usually include win rate, absolute and monthly gains, drawdowns, level of deposit, average win and loss, deals traded, average trade length, profit factor, symbol lists, and so on.
How much does it cost?
There are three subscription plans available:
- The Free Service plan costs nothing and includes In includes from 2 to 4 signals with 900-1500 pips expectations monthly.
- The Premium plan costs twelve months – $36 monthly, six months – $56 monthly, three months – $66 monthly, one month – $74. There are from 8 to 14 signals. We can get from 3000 to 7000 pips monthly.
- The Supreme plan costs for a year – $54 monthly, six months – $79 monthly, three months – $99 monthly, for one month – $147 monthly. There are from 16 to 25 signals provided. The pips expectations are 7000-15000 monthly.
We can use many paid services to pay for the signals.
Reviews from customers
We have a page of Forex GDP on Trustpilot. There are 90 reviews published with an average rate of 4.6.
This client mentioned that the service doesn’t work properly for the last two months.
From this review, we know that the service is unprofessional.
Should You Use Forex GDP?
|Charting is available||No team revealed|
|Free Telegram channel created||No risk or money-management advice given|
|Affordable packages||No backtest reports provided|
|No trading results provided|
|No money-back-guarantee provided|
Forex GDP has a weird signal providing company. We have some free signals and charting to make a decision, but it’s truly not enough. We’d like to see trading results on the real or demo account to check all required details to be sure this service is good and that the developers are in touch with what is going on.