FX Premiere Review

Feb 8, 2021 10:45 AM ET
FX Premiere Review

Every trader dreams of high returns in Forex, but only a few manage to achieve them. However, it is not as difficult as many would assume. With the right tools at hand, it is possible to eliminate the hurdles and get appreciable profits. Signal generating systems are Forex tools that reduce your market evaluating time and enable you to make favorable trades. 

FX Premiere is a signal service that helps preset the various trading levels, expanding your winning opportunities. This review will explain how this system works, providing you an unbiased insight into the system.

FX Premiere

Type

Signal service

Price

$37/month, $97/4 months, $199/12months, $500 lifetime license

Free Forex signals are also offered

Strategy

Not revealed

Currency Pairs

USDCAD, GBPUSD, USDJPY, AUDUSD, EURGBP, Gold, Crude oil

Timeframe

Any

Trading Strategy Explanation

FX Premiere Trading Strategy Explanation

FX Premiere offers access to numerous FX signals through its Telegram account on several currency pairs. Nearly 15 signals are sent daily. The mechanism of working is simple. You need the Telegram app on your phone for using this service and a Forex account. A free trial is offered by the vendor, which includes a maximum of 15 signals daily. 

Various price packages are offered for this system. Irrespective of the package you choose, this automated service uses special sources for its signal generation. With vital information, such as the order, take profit, etc, you can execute trades accurately and with a high win rate.

Based on the official site info, this service uses various technical indicators for assessing the price levels. There is no info regarding the specific trading approach used, which is a bit disappointing. 

Backtest Data Analysis

We could not find any backtests posted on the official site. Although the performance indicated in the backtests does not predict a similar performance in the future, the historical data help you understand the system. 

Without backtests, we are unable to understand the strategy and performance effectiveness.  Although the vendor mentions the founding year as 2010, there are no backtests to reveal the performance of the system.

Live Trading Data Analysis

FX Premiere Live Trading Data Analysis

There are no live trading results in the verified or unverified form found on the site. The lack of verified results posted on reliable third-party sites such as the myfxbook.com site makes us suspect the reliability of the service. 

On the site, the vendor explains the absence of the myfxbook.com site results stating that they are not financial analysts and are just signal generators. With the presence of the free trial, the vendor maintains that users can see for themselves the performance of the system. 

Having experience of over 10 years in the industry, it is easy for the service to post verified trading results. The absence indicates it is not as robust a system as the vendor claims it to be.

Pricing

FX Premiere Pricing

Basic ($37/monthly), Standard ($97/4months), and Premium ($199/12months) packages are offered for this signal service. Features include daily Telegram FX signals, signals from 50 sources, 15 signals, 24/7 live support, and weekly Pips count. These features are almost the same for the three packages and differ in the pips they assure per month. However, the assurances are pretty overboard for this system.

Vendor Transparency

Founded in 2010, this service was funded via high net worth investors and has expanded its reach with offices located in Scandinavia, the Middle East, and Asia. It claims to be the first intermediate affiliate provider for Forex signals online with more than 900 paid affiliates.  

With headquarters in Belize, support agents in Malta and Singapore, and account agents in the UAE and the UK, this service provides live support via its Telegram channel 24/7.

User Reviews

User reviews on the Forexpeacearmy.com site are not positive. The screenshots below indicated the customer service is not responding and that the signals are complicated.

FX Premiere User Reviews

Review Summary

Pros

  • Free trial

  • Up to 15 signals per day

Cons

  • The strategy used is not explained clearly

  • User reviews are not present

  • Verified trading results are not provided

Conclusion 

Summing up our FX Premiere review, this is a signal service that assures a 75% winning rate leading to an average monthly profit of 35% to 45%. However, we could not find any proof of the system providing such a result. Firstly, the trading approach is not explained clearly. No backtests and verified trading results are provided by the vendor. 

Although the vendor provides location information and contact via live chat for customer support, we would like proof of the performance. With the service being in operation since 2010, it is surprising that there are no verified trading results. Until the vendor provides adequate proof of the system’s effectiveness, we cannot recommend this system.

Rating: 2.6/5

  • Features: 2.5/5
  • Functionality: 3/5
  • Performance: 2/5
  • User reviews: 3/5
  • Price: 2.5/5

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