Price Action ltd Review: is Priceactionltd.com Scam?(Update)
Price Action Ltd is a “watch, follow and profit-together” Forex signal provider. Before we prepared this review, we looked at things such as win rate (85%), manner in which trading signals are delivered, consistency and level of support.
Clients are promised a win rate of at least 85% for the signals which their traders call on Telegram. There is much emphasis on consistency, simplicity and saving of money, which is exactly what traders with less experience need.
The Forex signal provider also relies on heavy advertising and social proof to try getting the attention of the trading community.
If you are a trader looking to invest in Forex, you could automate your trading with these expert advisors/trading solutions as they are highly recommended for anyone wanting to start a successful career in trading.
Having said that, this Price Action ltd review will look at the various aspects of this signal service because it’s interesting to see that they have an aesthetically-cute website with subscription prices starting at only $40 per month.
Price Action Ltd is managed by up to 15 professional traders. The service has existed for a couple of years. They conduct their trading from the UK.
Price Action Ltd Forex signal provider has not introduced their team members at this stage.
Nonetheless, their identity will be disclosed to clients who actually sign up to their Telegram channel to copy the trade alerts provided by this signal vendor.
They just want traders to join their premium Telegram channel which delivers up to 8 top-quality signals everyday.
The only way to contact them would be through the live chat feature on their site. The signal provider is also offering free access to one of their Telegram channels where signals are cupped at 2 signals per day.
This is actually a good way to get a feel of what PriceActionLtd is providing.
The good news is that unlike other signal providers that force traders to pay upfront, this one basically gives everyone a chance to test the quality of their signals.
So, the question is this;
Is Price Action Ltd reliable enough? Is it worth spending time on the trial and ultimately upgrading to take advantage of the full service? We’ll take a look because we don’t believe it’s a sham like Invest Tipster.
Price Action ltd review
PriceAction Forex ltd adapts a ”watch, follow and profit-together” mentality.
They feel that the community should know that they are experts who work as a team in providing quality signals through their Telegram channels.
At the moment, PriceAction Ltd is not disclosing which specific pairs that they are frequently trading but they seem to want retail traders to sign up on their free Telegram channel where they will provide up to 2 signals per day for trading.
It’s not clear whether PriceAction Forex ltd is providing unlimited free access to the free Telegram channel. I have seen some trading operations limiting the time frame under which traders can utilize their free signals. Mostly it’s 2 weeks of free trial and if a trader wishes to continue, they must purchase one of their packages.
Trading strategy of Price Action Forex Ltd
In as much as this signal provider is not disclosing their trading strategy, they seem to understand Forex trading perfectly well, thanks to their blog updates as well as an e-book which is available for download on their official website.
Some traders may have issues with this vendor’s style of presentation but the way we look at it is that the operators of this website are probably traders who believe that a truly money-making strategy should be treated as a secret.
Since price action ltd is the name of the website, it should be assumed that the main trading approach revolves around Price action to find entry and exit signals.
Even then, the term price action is quite broad and as traders who want to take advantage of this service, we recommend a live chat session on their website so as to get a clear picture of how trading is done.
Subscription plans for the Price Action ltd signals
The free telegram channel is of course free to use. The other Telegram channel where up to 8 signals are dispatched in a day require $40 per month if a trader wishes to test the service for one month.
However, other packages cost $90 (3 months), $150 (6 months) and $199 (12 months) respectively. This is an affordable price range for a premium Forex signal service.
Keep in mind that retail traders can also take advantage of their 2 daily signal alerts which are provided free of charge on Telegram.
Moreover, I can see that the minimum recommended deposit is $200 and this is an indication that Price Action ltd is targeting new traders as opposed to established traders who have a big account balance to trade.
Trading performance
Price action Forex ltd has provided a bunch of client feedback from people who appear to be utilizing their trading services and are happy about the signals they receive.
They’ve opted to show the community their trading performance using Telegram screenshots in addition to short video clips from clients who feel satisfied with the quality of the signals they receive.
While FXBlue or Myfxbook is always good for purposes of providing trading performance, some vendors prefer to use their own style of presenting trading results.
We’ve actually traded a few signals from PriceAction Forex ltd (that’s the good thing). We signed up for the free Telegram channel because it costed us nothing.
The result?
We were impressed! We made profits in the first week which would have been sufficient to cover the subscription fee (assuming we had upgraded to a premium pack).
Customer reviews/feedback
A big part of the website contains Telegram screenshots and other social proof elements in form of video testimonials (we have mentioned this above).
If you’re not sure whether the authenticity of these videos can be verified, just sign up for the free Telegram channel where you’ll receive 2 signals per day.
Price Action Forex ltd has already garnered a couple of reviews out there.
Some reviews have left good feedback. At the same time, we’ve seen agitated customers bashing Price Action Forex ltd.
The reason for the mixed opinions is that trading is a tough business. Not everybody has the patience and not everyone will like you.
People who look at trading as a get-rich-quick business tend to be disappointed when expectations meet reality.
Only those who have the discipline and are looking at trading as a long term business tend to excel when they use a service like PriceAction Forex ltd.
This is no longer the first review to be published regarding the signal service as there are many reviews out there regarding this service.
Conclusion
Majority of the Forex signal providers out there are not transparent, and their win rate claims are quite absurd. Price Action Ltd has decent win rate plus trading performance is good.
The only tend to rely on social proof and the free Telegram channel to allow traders test the service.
If you would like to use this service, my recommendation is that you should at least consider testing their free signals on the Telegram channel.
For those who want to make money right off the butt, we suggest purchasing one of their signal packages.
Thanks for reading PriceAction Forex ltd review.
David Crichton
It has all the elements of a scam service, like every other forex signal service I’ve looked at. They all want money from customers but there is no validated evidence you will ever make any profit
sami
Worst signals service, scam! they blew my account. they hide the signals that hit stoploss and show only profits. be carefully.
Bob
Been with these guys two weeks and only lost money, on top of that they annoy you with constant revisions to stop losses because they never get it right the first time, and they never post take profits with their trades either.
Salman Wahid
One of the best signal service provider.
Jack Dowsey
You are one of them! Bangladeshi Scammer!!!
usman baig
Really good so far. I am satisifed.
Profit is very stable. My account draw down is 13% and they promised maximum 15% drawdown. This is amazing, I am more than satisfied with price action ltd. Trader copier work like a clock. Everything is like at their accounts. Currently I am with 3 months plan.
When I saw that price action ltd put down prices because Xmas promotion I decide to take it. I give them my account with $300 and put them in work, within few days I have $125 profit.
I would recommend them for anyone looking to create a second stream of income.
Valos
I don’t know why they are calming about blowing. I have been using their algo trading service for last 3 months. Honestly, they were not able maintain drawdown under 15%. Actually i didn’t expect get less than 15% drawdown while expected return is 30%+. From my 5 years trading experience I know 30% return quite a lot and I am ready to face 40% Drawdown to get 30% monthly return. I am sharing a screenshot of lat month. https://uploads.disquscdn.com/images/a5987f61100c2b4d71af33fa49b32befd3fc71b5a52bff73603406138753205c.jpg
Katherine
I dont know why but you sound like a pafx worker. i have been scammed too by this company! be carefully and avoid being scammed you too.
David
Not as advertised and promised. Keeps promoting VIP. Stay away if you don’t want to loose money. Eventually you will end up with negative balance. Guaranteed.
Puji Ono
Really good so far. I am satisfied.
Profit is very stable. There is almost no Draw Down at all. I am more than satisfied with price action ltd. Trader copier work like a clock. Currently I am with 3 months plan.
Algo plan is great for small traders like I am. When I saw that price action ltd in facebook I decide to take it. I give them my account with $1000 and within a few days I have $175 profit. You can try it guys.
https://uploads.disquscdn.com/images/1b69a5b5fb2d9ceb7035b46718d8acca3b29577304285dc38358e23b2877b8d9.jpg
Katherine
Hahaha.. same fake review with different name. guys be more creative at writing your fake reviews! https://uploads.disquscdn.com/images/fd1f26f3aac2268a9c316e1c2ba5c2ba9f1642c33ef0ffbe8c718f67760441ed.png
Fiona Tylor
I am satisfied with my profit. Performance is consistent. I have been using their algo for 2 months now. And so far, the result was good. The trades were having draw-down for 1-2 days but after that, they reversed. The support was helpful too. I texted them for many times but everytime I got response. I’m going to see for few days. If things are good, I’ll switch to 3-month plan.
https://uploads.disquscdn.com/images/bd475b524263290bc4114f3df4b5aaafa0d9d0430a012c2eb221a15f1ebe7efb.jpg
Katherine
Fake review! you have the same phone interface like the PAFX channel screenshots. you guys are scammers!
https://uploads.disquscdn.com/images/fd1f26f3aac2268a9c316e1c2ba5c2ba9f1642c33ef0ffbe8c718f67760441ed.png
Maria Ashley
They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That’s what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc etc. There’s always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less that €20,867.00 left. I checked the trading history win loss report and there wasn’t loss enough that could’ve explained the disappearance of 60,567.0 euros. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for how to get my funds back from the scam broker, then I came across a comment on the broker reviews website, that talks about a recovery expert, on binary,forex,crypto and bitcoin trade recovery, Mr Nathan Harold, he was to guide me the process to get my funds from the scam investment broker Bloombex option trade. Him and his team worked relentlessly to get my refund.
Feel free to reach out to him , if you had same experience via his email address: nathanharold076@gmail.com and he
will guide you on steps to take and get your invested capital including your bonus back.
Alen mark
I am join with PriceActionForex four months ago. Since then I am witness of their ups and down. Their signal is good. Sometimes they give high risk reward and sometimes got stop loss. I know that is the part of forex. Their projection about how they take signal they share in their free channel. I learnt a lot from them. From projection I know that sometime they get step out, but later price move in their way as they release their projection. It’s awesome.
Salvador C. Bogen
I have taken their service… their customer support was good enough… i have lost some of the signals there but most of them were profitable… you guys can also try it out if you want…
Matias Carrasco
Scam
Katherine
Thank you pafx team for blow my account!! Avoid being scammed. https://uploads.disquscdn.com/images/0eef60ba1f5a5fc390825af6e547f3fc8a12424c3084ca333a1c5bddce4376dc.jpg
Onuh Fred
No stop loss? I don’t understand. How can you lost this much with such small lot size?
Katherine
It is their automatic service, I can’t control it. I trusted on them and this is the result. they open order after order with not risk management, my account of 3k blew so fast.
Shizuka
Were you subscribe their PAFX ALGO ?
seeik
SCAM!! they blow my account ($2500). they make money when you sign up to their recommended broker. they use big lot sizes intentionally to complete the broker reward. STAY AWAY FROM THESE INDIAN SCAMMERS!
Sen Bimbola Adebajo
They are about to crash my account with their copy trading platform https://uploads.disquscdn.com/images/1acbd9966bcdcd7b96b0ef85c256a24222141db2d77aa308fcfab28268769f2f.png
Onuh Fred
No SL? You must be a beginner.
Katherine
PAFX never use SL, they lie when they say small stop losses and low drawdown. Gambling with the client’s account. keep away from them, PAFX is a marketing company.
UK authority marks this company as SCAM be aware guys!
https://www.fca.org.uk/news/warnings/price-action-forex-priceaction-forex
Jim
Do not subscribe to their service,
I repeat do not subscribe.. because you will be burnt badly..
I subscribed for their Algo automated signal where they promised on their website of delivering 30percent plus monthly and they priced it at $49 and $99 after a month.. I put $2,000 and just 2 weeks into the subscription.. they blew my $2000 account, that is not even the most painful part.. the most painful part are below;
1,when I noticed the drawdown was at $800, I contacted them on telegram (that’s their ONLY medium of communication, that’s what all scammer do) that what’s happening to my account.. their admin said I shouldn’t worry… That it will be reversed.. and when I saw the drawdown at more than $1,000, I chatted them again, at that point it took them over 13hours to respond even after reading the chat.. and the account blew
2, They won’t respond to your chat or email when you have issues with them especially when it comes to them loosing your money…
I am still waiting on them for more than a month now .. any company like Price action Ltd who doesn’t have a number to call or a physical address is obviously a fraud and scam..
And any company like Price action Ltd with locked up or muted groups where customers can’t review or post complaints are great scammers.. run from them..
I have screenshot and videos of my chat with them and that of my account
Abongwa Bonalais
please share it let me see
i had plans of joining them
German Ortiz
They blow my account in 6 days with their algo trading and no one responded to inquiries. If I knew where to go Ill send them to hell.. BEWARE of these dogs they are just pure BS.
Roshan Shaikh
I join them one week ago for 3 month by watching their all green profit in the free group but after I join truth revealed that they never shared lost trade in free group to manipulate newbie by showing cherry picking profit trade and showing 1-5 minutes projection which VIP clients never get the profit. Also on their website they mention UK address which access in Google so they are using fake address to show how legit they are but when I confront them they simpily ignored because they guys are Bangladesh scammer, so whoever getting attracted to them by watching their all green contact me if more clarification is required.
Before joining you should ask few things.
Ask them to justify their register address with owner name and phone number.
Ask them to show daily their lost trade to identify their accuracy.
Cross-check their small time frame projection and confront them.
Don’t give your positive feedback if you not earning consistently because they edit and use for manipulate marketing to attract newbie.
Biggest things, once you pay will not get refund no matter what, yeah you heard right NO REFUND…!!!
So beware with this scammer
Camile
SCAMMERS! that’s right my friend they are not transparent, hide losses and count only profits.
They deny all the refund requests asked by clients but you can get your money back through your card issuer or bank.
Gideon
Can you give a recommendations of a good forex signal provider
Is there any reliable and trust worthy signal provider?
Jack Dowsey
PriceAction Forex Ltd are Bangladeshi scammer!!! I have lost 4600$ .This guy does not know anything about forex. All his signals are guesses, he does not have regard for breakouts, reversal, resistance, retracement, support or even big news. This is what he does, when he sees a currency going up even if it overbought he says buy, and once you buy boom!! the currency reverses ,secondly no professional forex trader would give you a signal before a big news but this guy does, no trader would give you signal around 6pm GMT but this guy does, no trader would give you signal to go against a very strong trending currency but this guy does. His problem is that he does not know a strong or a weak currency just try his free signals on a demo account and thank me later, BE WISE!!