Pips Alert Review Is pipsalert.com Legit Or A Scam

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Pips Alert Review: Is pipsalert.com Legit Or A Scam?

Pips Alert Review: this is a Forex signal service vendor states that it gives more than 4,500 pips average in signals every month. Is pipsalert.com legit or a scam?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

Pips Alert is a vendor that currently sells five signal products, namely: Venture X Signals, Jaguar Signals, Lion Signals, Cheetah Signals, and Investor X Signals. The signals from this vendor are said to come in MetaTrader 4 formats, making it easy to use.

They currently claim to have $15 million in assets and 3,100 traders. There is an available 30-days free trial made available for interested clients.

How Pips Alert Works

This is where our main issues with this vendor arises. For all the professional method with which they present information, there is nothing on how their products works.

It is only mentioned that Pips Alert gives signals from elite traders who have “years of experience in the Forex market and go through a rigorous 9 months’ evaluation”. A free training course is also mentioned to come with the products’ packages for clients.

When we opened the Investor X package we were only told the amount of pips it sends per month, which is between 3,500 pips to 7,500 pips. It is mentioned also that that this product focuses on trading within the weekly movements and then catching good setup trades on a daily basis.

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Investor X forex signal is said to work on a “unique analysis system based on manual analysis that don’t relay on indicators and rarely news”. The signal packages include: entry price (buy or sell), stop loss, and take profit. It comes with constant updates and uses the following types of signals: instant entries/market execution and pending orders (limits/stops).

The other products offered by Pips Alert follow this same pattern in their details. They come with a video and FAQs sections as well.

This information is certainly not satisfactory as traders are used to wanting in-depth knowledge of how these indicators provide their signals.

Pricing of the products are as follows:

Investor X Signals 3.5-10k pips/month – $59.95/ month ($99.95/3 months)

Venture X Signals 3-7k pips/month – $59.95/month ($99.95/3 months)

Jaguar Signals 2.5-5k pips/month – $49.95/ month ($79.95/3 months)

Lion Signals 2.5-5k pips/month – $49.95/ month ($79.95/3 months)

Cheetah Signals 2.5-5k pips/month – $49.95/ month ($79.95/3 months)

Clients Feedback on Pips Alert

There are no reviews available for now except those published on the page. These cannot be trusted as we have come to know that some can be easily falsified.

Trading results are also not yet published on websites where they can be verified and this is another dent on the reputation of Pips Alert. The vendor should seek to fix this.

Pips Alert Support

To contact a customer care agent of this vendor, clients are required to fill an online request form with their query.

Conclusion

Pips Alert seem to have a professional look but they have to do more by way of the strategy used by the products as well as publishing trading results.

Pips Alert Reviews

7 • Average

Write a review

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Reviews 7

Glitchy

Glitchy, unable to get a price inquiry, unable to open a support ticket, unable to get a 14day trial, shows errors. Never says anywhere you can cancel after 14 days, no option for that. Looks like a scam, my advice stay away, some reviews here look like extras to pump the numbers up.

Over a year and half with them, happy with the service

Hands down the most transparent signal company you can find. Even with the last montj being slower than others, they still showed bad performance honestly.

Other than that, looking forward for rest of the year and hopefully return back to stronger performance

Updated review of Pips Alert after 4 months

I had to update my previous review due the new behavior of Pips Alert as it’s been one of the biggest disappointments with a service of signals.

I started to use this service back in February, after check the signals quality in a demo account, see how it works I started to trade seriously with real money, March was an amazing month where I managed to get a 30% profit over my investment and I was really pleased with this service. The signals during that moment were based in a open trade message with your SL and TP levels, following a few updates of “xx pips, close half and move SL to BE” with a final “xx pips, close all” if the trade wasn’t succesful hit the SL anyway and was close in your broker, sometimes they said “”SL hitted”. Anyway, everything was working fine and getting progress.

During April the situation changed, the quality of signals started to change, now wasn’t so easy to make profits and in fact I finished the month with -2% over the money that I had.

I hoped that on May the situation would reverse but got worst losing the whole of profit that I got back in March during the first 10 days, their pips/month was decreasing rapidly from an average of 8000/month over 5 months to as low as 3000-2500 pips. In order to don’t continue loosing pips their updates on the trades changed without know exactly when a trade should be closed as most of the winning trades appeared as closed after a few days without touch TP, just with a few “xx pips, close half and move SL to BE” but no idea where the trade was closed. Even some trades closed as 0 pips that didn’t have any updated message. They keep now trades open for many days, even without updates, some even for 2 weeks and many brokers have overnight charges reducing the profit.

3000 or 2500 pips/month might look a lot but they aren’t just one signal service, they are 5 giving their own signals so the pips/service is about 600-500 each.

I really hope that their quality improve and recover the level that they had back at the begging of the year but right now I can’t follow your service without loose money and therefore I can’t recommend Pips alert.

Pips Alert Review

In today’s review, we will be analyzing a Forex signal service called Pips Alert. The vendor says that this service is constantly being updated to ensure that it it provide traders with a steady gain of between 1000 – 9500 pips per month.

In addition to this, the vendor claims that they always participate in various initiatives to constantly develop and incorporate strategy of no stress solution to the Forex community. So that’s one of the reason why they are offering Pips Alert premium at a monthly subscription of $17.95-124.95.

We looked around on the website of this signals service and found that there was no specific address published to help us identify the exact location of this vendor. However, they only say that the service was was founded by 2 traders, and since 2020 they’ve expanded to a team of 14 traders located in the US, Tokyo, Canada, as well as other parts of the world. We have to believe that they are telling the truth. While their exact location is not very important when writing this review, sometimes it helps to be transparent especially when you know that you’re going to charge a monthly subscription, and members of the public would want to trust you. We do not know if this signal vendor was really interested in creating transparency or having potential customers trusting them. So it’s like they do not have a single office as their teams work remotely.

The purpose of this review is to help you make an informed decision here. The big question is this: does Pips Alert signals produce substantial profits while making trading easier for the average trader?

Pips Alert Review

Pips Alert is among the few Forex signals around that were created to work with every other platform that you might think of. These include MT4, MT5, cTrader brokerage. We are just giving them credit where it’s due. But this is not to say that we have already endorsed Pips Alert. A number of things have to be discussed first.

The vendor claims that the Pips Alert signals service is provided by professional traders. They tell us that they currently “have a team of 15 traders with a combined 98 years of experience in the Forex market.” Today, this vendors claims that they are providing users with a profitable premium signals that is able to make them money on a monthly basis for a monthly subscription of 17.95-12.95. This is really impressive, but there is no way for us to know if that is true or not, because the vendor does not introduce us to any of these traders, so we cannot verify their identities, and check their trading track records.

Pips Alert signals comes with the entry price, the take profit and potential exit prices to monitor during the duration of the trade. In addition to this, signals are provided to traders during the London and New York trading sessions.

Pips Alert backgroud

Once a customer subscribes for the Pips Alert investor membership, the trader receives the full alert package which comes with the potential of 9500 pips per month. This service is also provided within 24 hours after initial account registration. All of this is of course good news. However, if we cannot translate these features into everyday profits, then they automatically become useless features that you and me don’t even need.

The signal is on nearly all currency pairs and time frame. The developer assures traders that signals is on all pairs with high precision.

Everything looks and sounds normal with this signals service. The only exception here is the absence of real information about the strategy being implemented by the group of professional traders. We could say that these people are not transparent on the trading approach and who they signals providers are yet the vendor wants you to pay 17.95-124.95 every month. When it comes to signal services, it’s very important to know who the providers of the signals are, and what type of trading approach they have, so you know if that matches up with your trading philosophies. Sadly, this does not seem to be available with this service.

Pips Alert Trading Results

When we came across this signals vendor trading result section, we saw a performance chart that hasn’t been updated since March.The performance chart is very impressive, showing that the signals have gained over 15,000 pips in the last 5 months, with an average 3000 pips per month.

We were very much interested in seeing their myfxbook account due to the high profit potentials that they were promising. It only makes sense to expect a perfect myfxbook account results for such a lucrative trading signals service.

We found out that there is really no way of verifying these trades, because the developers are not utilizing any statement sharing services like Myfxbook or FX Blue. As we speak now, this vendor does not run an active myfxbook account, which leaves us wondering why. The only explanation for this is that Pips Alert probably is not making the expected pip potential as advertised on their site. Statement sharing services like Myfxbook or FX Blue would definitely bring their business down, which is why they decided to dodge it. On the other hand, the vendor provided a PDF log, that shows the trades that occurred between January 28 in February 3, 2020, but this document could easily be modified by the vendor, which is why we prefer statement sharing services.

Review Verdict – Pips Alert is a scam

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Our best advise for you

If we are to go with the above trading results section on their website, we would fail to get a true picture of the performance of the Pips Alert . We needed a statement sharing services of active result tracking to make an informed opinion concerning Pips Alert. Therefore, we are asking our readers to stick to these Forex trading robots signals instead. This one does not look like a genuine trading signals service.

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