We chose to give this program a try prior to writing anything concerning them. There is a great deal of bad chatter on the internet concerning the dishonesty level of their Currency Signals service therefore we had to view for ourselves if it was true or not. Sad to say, it’s actually all correct. The performance stats they publish, including all the trade details, are entirely and totally different than what you would certainly have. They are not even close. There is no denying it.

Whenever we emailed them about inconsistencies with the trades, they would rapidly respond „Oops, thanks we will fix this immediately“ which would come from the CEO Mauro Sciaccaluga however absolutely nothing was ever resolved. When we asked to stop our membership and for a refund per their guarantee, there was no response. Not really a big surprise. If the program is bogus, so would their money back guarantee. Hopefully no one is insane enough to buy into their Lifetime membership offer. Lifetime offers are normally tip offs to scams.

Is there any means of getting our money back? Simply no! Because Mauro uses for his transaction plimus which functions in a comparable manner to paypal and because his product is a service, under their user agreement, they do not offer charge backs on services. If it was a product, perhaps we would have better luck.

Another item in which we find is very dubious is their relationship with the forex broker AvaFX. Buy Forex Signals gives members a free membership to their services when you open an account with at the very least $500 at AvaFX. Why is this suspicious? AvaFX is a Dealing Desk Market Maker broker which means they take the other side of your trade. If you win, they lose. If you lose, they win. Consequently it is obvious to say that very much like a gambling establishment in Las Vegas, they desire you to lose and how else better to do so than with the use of the losing signals you will acquire from Buyforexsignals.com. When it comes to fx brokers in general, it would be smart to stay away from Dealing Desk Market Makers. They are comparable to online gambling sites that do not want you to win. They will do everything in their power to make trading hard for you with stop loss hunting and re-quotes. And if you are able to conquer them and turn a profit in your account, odds are they will turn up the heat and make it even more challenging till they can get you to blow out your account.

So what are the 3 lessons learned here? One, be extremely mindful when getting a Forex Signals service or any program for that matter making use of Plimus, paypal or any 3rd party service as your method of payment. Your best bet is to merely utilize your credit card directly as payment. If Paypal or Plimus is all that they utilize, then turn away. No one is that exclusive to where you need to take on the chance of losing your money.

2nd, which is much more crucial and will outrank the first, by no means ever shell out for a trade predicting service regardless of whether it’s Forex, Stocks, Bonds, Futures or anything that is predictive unless they provide you with a FREE TRIAL. The demo must be for a minimum of 2 weeks. If they don’t offer a demo, run like heck because probabilities are that they have absolutely nothing good to offer and they are banking on you buying into their seductive guarantees of large profits for a Month, Quarter or a Jackpot (to them) One Year subscription. With regard to cons such as these, it’s not about renewals; it is about generating that one particular sale. A purchase that is nothing more than a fraud to take your money.

And ultimately the 3rd lesson; be cautious of Dealing Desk/Market Maker Currency Brokers. Their business model is created to profit from your losses. That is not a broker you need or should be undertaking business with, specially when they partner with sketchy businesses that do nothing at all but provide you with losing trades.

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