FX Premiere is a Forex signal provider that delivers trading signals through a VIP Channel in the Telegram app. By using this system, you can get signals related to all the major currency pairs, as well as Oil and Gold. It saves you the trouble of inspecting the market conditions, thus allowing you to pre-set the stop losses and take profit limits, and to make huge profits.
Is FX Premiere a Good Choice for Traders?
In order to assess the efficacy of this Forex system, we analyzed various factors like vendor transparency, features, trading strategy, website presentation, price, trading results, customer reviews, etc. It is only after considering all these aspects that we can judge whether this is a trustworthy system or not. That being said, our first impression of this system tells us that it is trying to withhold some vital pieces of information, and therefore we think investing in it is a risky proposition.
We must say that the vendor makes a very detailed presentation on the official website, outlining the main features, the pricing details, and how the Forex signal provider works. There is also a short section written in the form of a buying guide where you can know about things to consider before buying a Forex signal. We can find a whole lot of general information about Forex signals and indicators, but it seems to us that the vendor has furnished all this to compensate for the lack of information about the signal provider.
FX Premiere was founded in 2010, and apparently, they have more than 900 affiliates as of now. However, we don’t know the identity of the developer, or where they are located. The About Us section is quite short and does not give us a clear idea about the company’s background.
FX Premiere provides round-the-clock customer support through live chat on the website and Telegram. It claims to have a team of experienced traders working under them who dispense the signals to the clients after checking their profitability. Results and updates are sent on a weekly basis and clients can check them out on the free Telegram channel.
In these signals, things like currency pair, signal type, order, entry price, take-profit, and stop-loss are mentioned. The free group provides you with 2 high-quality signals on a daily basis, while the VIP group provides 15 per day. Signals are generated based on Fibonacci retracement levels, Relative Strength Index (RSI), Support and Resistance Levels, and other popular technical indicators.
Although the vendor claims that the system delivers impeccable performance, they haven’t mentioned a lot about the actual trading strategy employed by the system. Just naming the indicators is not sufficient when most traders look for technical details before investing in a Forex signal provider.
FX Premiere has three distinct pricing plans for Forex signals, namely Basic, Standard, and Premium. The Basic monthly costs you $37 per month and with it you get all the basic features. More daily signals are provided with the Standard plan that costs $97 for 4 months. Finally, there is the Premium Plan which is priced at $199 for 12 months.
Compared to other Forex signal providers, the pricing packages of FX Premiere are quite affordable. The Premium plan is an especially good bargain since it lets you save 35%.
FX Premiere posts trading results on the official website on a regular basis, but there is no way we can verify whether these are authentic or not. Generally, Forex traders look for live trading results that are substantiated by independent sources. It lets them assess the performance of the system in an unbiased manner by looking at real-time statistics.
The way the trading outcomes are displayed on the official website, we think they could easily have been manipulated. Additionally, we have no backtesting data with which we can compare the live trading results. The only thing we can conclude from this is that the developers are reluctant to share real-time trading results on Myfxbook since the system is probably not as profitable as they claim to be.
We found some customer reviews for FX Premiere on the Forex Peace Army website, and it seems they have been paying people for good reviews since many of them have been flagged by the moderators. This is quite unacceptable and it tells us that this is a scam service.
To summarize, FX Premiere is a scam service that you should definitely not consider investing in. It offers little in terms of vendor transparency, and there is no verified live proof of the system earning profits. On top of it all, it seems to have offered customers incentives in exchange for positive reviews, and such behavior is a tell-tale sign of a scam service that only pursues your money.
Leave a Reply