Carlos and Company Review: Scam or Best Forex Signal Provider?

December 19, 2019

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Welcome to Carlos and Company review.

Carlos and Company (carlosandcompany.com) is a Forex signal provider that believes your money can work for you even in your sleep.

They promote the service using incomplete statements such as “Your Financial Consultant….”, “We believe in this fancy market we’re delivering real…..” and so on.

Although Carlos and Company is primarily advertising their service as a Forex signals provider, the vendor is also providing signals for COMEX and Cryptocurrencies too.

There’s no monthly subscription packages since Carlos and Company is charging customers on a quarterly, half-yearly or yearly basis.

The basic pack costs $599 for Forex and COMEX signals while Crypto packages start at $3,499.

With a price tag so expensive like this, I expect Carlos and Company to provide quality signals that make money consistently so we can recoup the cost of subscription.

I expect them to be professionals in trading. Already the vendor’s website shows some level of professionalism from the way it is designed to the way content is presented.

The signal provider has been around since April 2018 but it does not look like many traders have discovered them yet.

Team members of Carlos and Company have not been disclosed either.

However, the vendor wants traders to know that they’re working with a team that has over 14 years of experience in the Capital and Commodity Markets.

It would have been good to introduce the team first with their names and trading background instead of rushing to promote this signal service.

It builds trust and credibility which would work for them because Carlos and Company also claims their business is built on trust, transparency, faith and commitment.

Carlos and Company Forex signals vendor can be contacted on their website using live chat or the integrated contact form.

There’s no phone number and the signal vendor is not disclosing their location either.

This lack of transparency can be bothering as traders want everything upfront before they can spend $599 on a signal service.

We’ve reviewed a lot of signal providers here and we’ve seen that lack of transparency is a very common pattern among unreliable signal providers.

Good examples of these unreliable signal vendors include Price Action Ltd, Forexsignals.cc, SignalsTrading, Suisse Trading and many others.

We ask the community to avoid signal providers who are not transparent.

It is better to automate your trading with a good expert advisor or learn to trade under the guidance of a professional trader.

All of the resources which you need to get started in trading Forex can be found on this page.

Carlos and Company review

They believe that Carlos and Company is the best in researching currencies and commodities market.

They want to add value to the client’s portfolio using their team of researchers who are engaged with the market 24 hours a day.

The vendor believes in consistency, loyalty, dedication and care in the recommendations of the signals they research and send to their subscribers.

They also want traders to know that their signal recommendations are factual-based rather than opinion-driven.

Carlos and Company is allegedly operating a research desk for major and minor Forex signals like EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD and NZD/USD.

Trades are focusing on attaining between 30 to 50 pips and the vendor also claims that they are observing proper risk to reward ratio.

While talking of risk to reward ratio, the basic pack is providing a risk to reward ratio of 1:1, which is not considered the best anyway.

If they’re maintaining this ration, it means for every $1 dollar they risk in the market, they intend to gain $1 dollar.

A good risk reward ratio would require that you risk $1 to make $2 or more. You can quickly go through this article to understand risk/reward ratio.