XFSignals, otherwise known as SignalsMini, is one of the newest signal services for forex investments provided in the online trading field. It has been established by an anonymous team with no verifiable background and comes with some very dubious claims.
But is XFSignals a scam or there is more to it? Our detailed review below aims to provide you with an insight into the service. For now, the XFSignals provider cannot be confirmed as safe as it has not been verified to work properly. Read further or Proceed to Safe Binary Robot .
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- Software: Browser-based
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- Min Deposit: Not Specified
- User Friendly Interface
- Not Proven to Work
- Returns Not Verified
- Not User-Friendly
Not Reliable Service
What Is XFSignals?
Behind the signals provider stands an anonymous group of Forex traders that have gathered to generate signals for online investors1. They make analyses of price movements and value changes using various data sources and financial news, so that people can trade on CFDs, stocks, commodities, and forex pairs. They do not send them directly to the trading platform of the investor.
This is carried out separately. Meaning that this process does not happen in real time and the potential changes that can happen in a matter of seconds are not taken into consideration. If you decide to place a trade following these alerts, you risk making wrong and outdated decisions, which are not relevant to the most current market situation.
Is XFSignals Scam or Legit?
While we were investigating the XFSignals, we tried to find a way to confirm the identity of the owners. To our disappointment, there are no clear statements of who these people are. It is impossible to verify that they truly are Forex traders, and not just scam artist trying to push their XFSignals scam.
There is also available a lot of mixed feedback on the provider. Most XFSignals opinions online show that it is not reliable and the suggested trades and directions are rarely opportunistic.
According to the information provided on the website, clients of the XFSignals will be enabled to receive coaching from their teachers and traders. Mr. John Oliver, not to be mistaken with the British political satirist and actor, is said to be one of the teachers. And he is a stock photo. This is proof enough that everything about the XFSignals forex service is just a facade of a scam.
Final Thoughts on XFSignals – Opt or Not?
At the current moment, XFSignals poses a risk for you and your investments. It cannot be proven to work, there are no verifiable results that can support the statement that the provider exists in order to help you succeed.
Even if you want a Forex trading assistance2, if you are interested in joining the XFSignals, you should carefully consider the decision you are making. Given that the provider is not confirmed as reliable and trustworthy. One way to confirm that is to communicate with their support team, which turned out to be unreliable.
We tried contacting their customer support service in order to receive more information on how the whole alerting process happens and whether there is an automated feature to their offer. Unfortunately, we were unable to contact them. This means that in case you need some sort of assistance by the team, you won’t be able to reach them and this might turn out to be critical for your investments.
Our professional opinion is that you should rather join a tested and proven to work system. One such alternative, currently the best on the market, is the HBSwiss forex trading robot.
Our investigation team conducted a comprehensive investigation on XFSignals to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if XFSignals is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.
2. A Forex Trading System Based on a Genetic Algorithm – (Mendes, L., Godinho, P. & Dias, J. J Heuristics; Journal of Heuristics, 2012)