Pips Alert Review

Pips Alert is a firm that provides signals service for Forex-related traders. The presentation includes some information about how the system works. We’re here to check it out. 

We’d like to note that the system doesn’t have verified testimonials. We have only ones that were written on the site from faceless accounts. 

Trading strategy explanation

The presentation includes explanations, details, and other features. The most important of them we have grouped up in the list:

• We should start using the signals on a demo account before going live. 

• It’ll be a safe solution for us. 

• There should be a refund policy applied. 

• “Our signals are not the only service we provide, but as a Forex family, we also strive towards ensuring we provide a healthy community for your growth.”

• The owners have relevant experience on Forex. 

• Signal providers have to deliver signals for 9 months to become a certified member.

• It’s hard to trust this blindly. 

• They are the top 4% of the traders worldwide. 

• We can’t believe this blindly too. 

• The site includes free training courses. 

• An average profit is 4,500 pips every month.  

• It focuses on providing signals during American and European sessions. 

• They focus on long-term gains instead of short profits. 

• “They invest into tools, traders, support staff and more to ensure that we create the best environment for your long-term goals.”

• The account size can be any without restrictions. 

• There’s welcome and knowledgeable support. 

• They are delivered with a common signal format. 

• There are 40 educational videos added on the site. 

• We may start without proper trading experience. 

Backtest data analysis

It’s a huge con that the presentation isn’t featured by any backtest report. So, we don’t know if those systems were properly tested and what results they could achieve. Another important part is that we don’t know what broker we are supposed to work with. 

Live trading data analysis

We don’t have trading results provided in the proper place in the presentation. The data is simply not loading. It looks like the devs don’t know this issue because we have been experiencing it for several months. 

We have several videos and screenshots that don’t tell us much about the system and its possibilities. From one of them, we can see that it was taken from a $225 account. Anyway, we’d like to check real or demo account trading results from Myfxbook or FXBlue because only these sites provide proper data verifying and chart building. The developers know that traders need this data but for some reasons decided not to provide it. 

Pricing

The offer is weird. We have two packages that vary by only $0.04 monthly. The Venture X pack costs $59.95 for a month of subscription. We can expect to get 1.5-3k pips and 15-20 signals a week. The Investor X pack is available for $59.99 monthly. It looks like we have no refund policy if something goes wrong. 

Review summary

Pips Alert is a signal service that doesn’t have proper presentation that would include backtest reports, trading results, or at very least some free signals to give them a try. We don’t have testimonials written about if people are satisfied with these signals and if they are profitable. 

Rating: 5/10