SV3 Trading Review

Mar 1, 2021 12:39 PM ET
SV3 Trading Review

Forex signal providers are all the rage in a time when automated systems are slowly taking over the market. SV3 Trading is one such system that claims to be the best signal provider with a success rate of 70-90%. It provides these signals via a Telegram group, where users can obtain the education platform, trading course, etc.

SV3 Trading presentation

On the official website of SV3 Trading, you can see the pricing details, tutorials, Forex blog, a brief overview of the features, some customer testimonials, and an FAQ section. Although the service provider makes tall claims about the high success rate, we cannot just trust their words, so a thorough inspection of the system must be performed.

SV3 Trading

Type

Signals

Price

50 Euros/month

Strategy

N/A

Compatible Platforms

MT4

Currency Pairs

All

Timeframe

N/A

Recommended Minimum Deposit

$100

Recommended Deposit

250 Euros

Leverage

1:100

Trading Strategy Explanation

SV3 Trading. How to start

To use SV3 Trading, you must download the Telegram app and join the official group where you will get the signals. Then, you need to download and install the MetaTrader 4 trading platform on your computer or mobile device. If you wish to join the free group, the vendor has provided a link for it on the website, otherwise, you can pay for the VIP group and the link will be sent to you via email.

Finally, you need to sign up with an authentic broker. SV3 Trading recommends using the BDSwiss broker for the best results. The system analyzes the market thoroughly, counting the daily pips and displaying daily results, and if the pips are lost in a month, the subscription money is refunded.

It is quite odd, however, that the vendor has made no mention of the trading strategy used by the system. Expert Forex traders always wish to know about the technical details of the strategy because it allows them to assess its effectiveness. This is truly disappointing and we hope the vendor adds this information in the future.

Backtest Data Analysis 

Backtesting results are a vital factor to consider while investing in an automated Forex trading system since they reveal how the system performs based on historical data. While favorable past performance does not necessarily indicate that the system will have the same profits in the live market, they reveal certain aspects of the system, such as profitability, drawdown, etc. SV3 Trading doesn't provide any backtesting data on its official website, which raises some questions about its reliability.

Live Trading Data Analysis

SV3 Trading claims to send you 5-15 signals on a daily basis with a success rate of 70-90% and naturally, we expected to find some proof of this. But, as there are no live trading results provided by SV3 Trading, we don’t think the claims made by the vendor can be trusted. 

Every reputable vendor provides live trading results for their system because it is the bare minimum that customers look for. In the absence of live trading results, you have no way of finding out how the system performs in the live Forex market. Therefore, it is highly unlikely that you can win profits on a consistent basis with such a signal provider.

Customer Reviews

We were unable to find user reviews concerning SV3 Trading on websites like Forexpeaceaarmy and Trustpilot. The absence of customer reviews further corroborates our suspicion that this Forex system has no reputation to speak of and there aren't many people who trust this system. 

On the official website, we found some user testimonials and screenshots of high profits from the VIP group, but we have no way of making sure that these are genuine. They could easily have been manufactured by the vendor.

Price

SV3 Trading price

SV3 Trading offers three separate pricing plans for 50, 97, and 337 Euros. The durations of these plans are 1 month, 3 months, and 12 months, respectively. With the first two plans, you get the same features, but the yearly plan includes an Advanced Forex Course and Live Trading Breakdown.

Considering the fact that SV3 Trading has got nothing to show for its tall claims, we think 337 Euros per year for this Forex signal provider is quite excessive. While the vendor offers a 30-day free trial for this software, no money-back guarantee is provided, which raises a red flag. 

Review Summary

Pros

  • Low minimum deposit

Cons

  • No live trading results

  • Lack of information about trading strategy

  • Lack of customer reviews

Conclusion

To summarize, we cannot recommend this Forex signal provider. No information is supplied about the trading strategy, and we have no trading results to evaluate the performance of the system. We think that this is a scam service and you should look for other options if you wish to purchase a good Forex signal.

Rating: 4.2 /10

  • Features: 4/10
  • Strategy: 5/10
  • Price: 4/10
  • Performance: 4/10
  • Feedback: 4/10

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