V12 Trading Review

Mar 1, 2021 01:43 PM ET
V12 Trading Review

V12 Trading is a Forex signal provider promising the best trading signals and more than 3500 pips every month. It claims that V12 Trading members are among the select few who succeed in making steady profits in the Forex market. At first glance, the presentation on the official website doesn’t look too professional, and it seems they have thrown some numbers into the air hoping they would stick.

V12 Trading presentation

On the website, the vendor has mentioned that the team behind V12 Trading has a total experience of more than 8 years and that the signals have a success rate of approximately 88%. Details on how to set up the software have been provided, along with links to the official Instagram page and Telegram channel. Of course, we have no way of finding out the identities of the developers behind V12 Trading  and where they are based.

V12 Trading

Type 

Signal provider

Price 

49 Euros

Strategy

Pip Locking

Compatible Platforms

MT4

Currency Pairs

All

Timeframe

N/A

Recommended Min. Deposit

250 Euros

Recommended Deposit

250 Euros

Leverage

1:400

Trading Strategy Explanation

To start trading with V12 Trading, you first need to download and install the Telegram app. Then, you have to register with a reputed broker, make the minimum deposit, and link it with the MetaTrader 4 platform. 

After receiving the trading signals via the Telegram app, you need to select the pair you wish to trade. The vendor recommends keeping the entry price at a minimum distance of 10 pips from what is provided. You ought to select an appropriate lot size based on your capital and place take profits and stop losses as required.

V12 Trading employs a pip locking strategy that involves shifting the stop losses with the progression of the trade. The vendor mentions that this is a foolproof strategy that guarantees profits. This signal provider gives you 3-12 signals daily while maintaining an accuracy of 80%.

We would like to see some more details about the trading strategy, for instance, the indicators used, how trading opportunities are spotted, etc. Since Forex traders often look for technical details, we hope the vendor decides to include this information in the future.

Backtest Data Analysis

We were unable to find any backtesting data for V12 trading that showed us how the system performs based on archival data. Backtesting data is a vital aspect to consider for a Forex signal provider since it tells us whether the system is capable of generating profits. We can also compare this data with live trading results to determine the software's efficiency.

Live Trading Data Analysis

V12 Trading does not furnish live trading results to back up its claims, and we think this is highly disappointing. The vendor makes tall claims about high success rates, but they don’t provide us with any proof. At this point, we cannot trust their claims without live trading results verified by a third-party website. 

Price

V12 Trading price

V12 Trading offers monthly, tri-monthly, and yearly plans for 49, 119, and 349, Euros respectively. No automatic renewal is provided for these plans, and the features are all the same. We think the prices are quite exorbitant, considering the fact that the vendor doesn’t give any proof of profitable trades being made through the system.

No money-back-guarantee is provided by V12 Trading, which raises yet another red flag. All reputed Forex systems provide such guarantees because they have confidence in their systems’ performance. We think this confirms the fact that this Forex signal provider cannot be relied upon.

Customer Reviews

There are no user reviews for V12 Trading on third-party review sites like Trustpilot and Forexpeacearmy. Hence, it is quite evident that not many people have used this system and benefited from it. On the official website, we have some screenshots of customer testimonials, but after taking a look at them, we are quite sure they have been manufactured by the vendor.

Review Summary 

Pros

  • Affordable pricing packages

Cons

  • No live trading results

  • No backtesting data 

  • Lack of authentic customer reviews

Conclusion & Rating

After conducting a thorough inspection of all the system components, we have reached the conclusion that this system cannot be trusted. First of all, we have no idea who the people behind this Forex signal provider are, and whether they have the required training and credentials for designing automated systems.

Finally, there are no live trading results or backtesting data, so we have no proof that the system has a high success rate, as the vendor claims. Hence, you are better off purchasing a system that provides you with more information.

Rating: 4.4 /10

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

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