Forexspecs.com Review Should You Invest In Forex Specs

Forexspecs.com Review: Should You Invest In Forex Specs?

Forex Specs Review: Forex Specs is a Forex signals provider. It is created by Vasil Burlyanov who claims to be an independent trader and blockchain enthusiast. The creator also mentions that he started trading in 2008.

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The company is owned by FXC Ltd and located at 3A Vasil Petleshkov str., Pleven, Bulgaria, EU. It is not stated if the parent company of Forex Specs is registered or not.

Forex Specs is said to “have been providing premium forex signals since 2020”. Their client base is said to be all over the world. The analysis is said to be from the experience of the creator of the product.

How Does Forex Specs Work?

It says on forexspecs.com that Forex Spec guarantees 200 pips monthly. This is because it uses powerful forex signals which aim results up to 1400 pips a month. There is assurance of a high success rate and big reward ratios.

Clients are promised that trading experts will be with them. Forex Specs mentions on the page that the system trades the future trends and not present ones.

There is a fast and functional communication network promised on the page. It is said that “forex signals, update, all improvements and mentorship tips” will be passed to clients immediately using Facebook Messenger.

Performance results provided for Forex Specs shows a success rate of 77%, monthly pips of 1320, 65 pips per trade and reward ratio of 2.45.

It showed a trading account statement for 8 months with the highest trade it engaged being 31 and lowest being 18.

Forex Specs uses a strategy that involves filtering entry points properly before engaging. There is a video provided on the website to see the analysis behind every accurate forex signal.

There are 12 trading assets available for Forex Specs clients. These are: currency pairs, gold, silver, indices and crypto.

Clients Feedback

On the website, there is an entire section dedicated to clients’ testimony. From experience we have found that this could be easily fabricated.

Hence we tried to look for reviews from other sources. We found that Forex Specs does not have a review on FPA, and no results that can be verified.

We however found a complaint by a person named Venu Pasunuri that this service has made him lose money. All means to get to reach them to ask them questions have been futile.

Support

Although it is claimed that customer satisfaction is the goal, there is no means for customer help available on the page.

Conclusion

Forex Specs comes on with strong persuasion. The presentation seems professional. Lacking however is the way the signals work. The information available are all surface level. They also do not make the pricing for their accounts known for clients to know how much they are putting in upfront.

Positive results and testimonies need to be put up on reputable websites for confirmation.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

FOREX.com Review 2020

Regulated By: CFTC, NFA

Foundation Year : 1999

Headquarters : 135 US Highway 202/206 Bedminster, New Jersey, 07921

Min Deposit : $50

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk

ForexSpecs.com Review Visit site

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Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.