Forex Guru – An Anonymous Provider of Forex Signals
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Forex Guru is an anonymous provider of forex signals. But, in the Forex market, anonymity is not a good sign. The forexguruteam.com website hides a lot of information from the general public. Review details in the following article provide unbiased insight into their services from an expert.
The purpose of Forex signal service is to provide traders with profitable trading opportunities. However, many people face difficulty in predicting the market and knowing when to trade.
A Forex signal provider can solve this issue for newbie traders. To determine which signal service is most effective for you, you must investigate the Forex signal provider and consider the expert reports. Below you will find all the information regarding the Forex Guru team.
Overview of Forex Guru
The Forex Guru team has been offering its services since 2014 as a Forex Signal provider. According to them, their services give customers trade calls that are likely to result in profits.
When, how, and which currency pair to trade are among the things they describe. Their information indicates that the Forex Guru Team is based in the United States from what we have seen on their website.
Names and addresses of the developers and operating companies are not available. However, the Forex Guru team offers its clients several signal packages at varying prices. Among them are $45 per month, $70 per 2 months, $100 per 3 months, $130 per year, or $190 for lifetime access.
The Financial Commission has been informed by traders regarding the Forex Guru website, Facebook group and Telegram channel.
In reviewing information submitted by potential customers of the alleged investment advisory service, the FC concluded that the channels, groups and associated websites may be used to scam and defraud traders and investors.
The residents of the United States should be aware of these services. However, the Forex signals can only come from Commodity Pool Operators (CPOs) that have registration from Commodities Futures Trading Commissions (CFTC).
The authorities do not provide such services on the Forex guru’s affiliated media channels. Accordingly, the Financial Commission recommends staying away from the channels mentioned above and websites. Also, it recommends to not trusting a person representing a Forex Guru on social media or in private messages on popular social sites.
How does the Forex Guru team work?
The following is the overview of facts and statistics of the Forex Guru team.
Forex Guru Signal Strategy
The Forex Guru websites and social platforms are notoriously secretive about their signal strategy as well. So there is something very strange if the Forex signals providers are not explaining the details of their services.
Also, the website of Forex Guru does not have satisfactory information about their forex signals strategy and the way they predict profitable trades.
On the other hand, the other sources from social media describe that Forex Guru provides technical and fundamental trades. The problem with this is that the information is not self-explanatory. It was unclear how this could be better understood since there was no explanation.
Providing this service is an integral part of their financial investment strategy and the minimum services they claim to offer, the website predicts that Forex Guru can assist traders in planning your trading success with extensive knowledge and experience.
In addition, providing honest and trustworthy service is something claimed by Forex Guru to advertise its services.
There is an option to achieve professional account services at the official website of Forex Guru. Forex Guru claims to place your financial interests first as a Forex Trading Firm, providing personalised strategies and professional advice. Their priority is to see that clients’ investments are maximised in the short term and over the long term.
Their objective is to see that clients’ investments are maximised in the short term and over the long term. Hence, the goals and objectives they set in the funds’ management are without explaining the process, so it is not much trustable.
Forex Guru team trading results
As always, trading results are the most important aspect of reviews for Forex signal providers firms. But, the Forex Guru team is not satisfactory in that regard. The “VIP Result” section mostly contains screenshots of WhatsApp conversations. In the end, this won’t help.
Only automated trading, signal providers and forex robots that have real-time trading results can be taken seriously. These are platforms such as Myfxbook, FXBlue that offer such services. However, the Forex Guru team does not provide such a service, so we take them with a grain of salt.
Does Forex Guru take responsibility for trade loss?
In the event of loss in Forex trade deals, ForexGuru Signals does not accept any responsibility. Joining their site means that you acknowledge that they do not provide financial advice. Also, you are making a decision of using their signals on your own account.
Further, they are highly unsure how much money you are trading with or how much risk you take with each trade. As a result, they do not consider themselves responsible for any loss the trader may face using their signals. If the trader does not like their services, they will not even refund their membership plan, but many legit signal providers do.
Pros and Cons of Forex Guru team
The advantages and negative sides of the Forex Guru team are provided below.
- The target of up to 2000 pips per month.
- Lifetime Forex Signals plan for just $190.
- There may be a possibility of 8 signals per day.
- No verification and credentials
- Secrecy and hidden information on the website.
- Limited strategy, insights and way of working.
The Forex Guru team offers up to 8 trading signals a day to traders, so they can only look forward to taking advantage of it. All other assertions are unverifiable. In the forex market, sharing screenshots of alleged trade performance on a website is extremely unprofessional.
A legit Forex signal provider, such as Myfxbook, should verify the account of all developers and traders. Forex Guru’s team is currently unverified and has no public recognition. So, the traders are not eligible to receive any Forex signal services from this company until this occurs. Experts suggest using a signal service whose results are verified and transparent.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst