Alpha Pips, which runs its service from the domain alphapipz.com wants to provide traders with signals, education and access to a community of like-minded traders.
They are day-traders providing up to 10 signals per day on their VIP Telegram channel.
Financial instruments covered include FX, Indices, Metals, Stocks and Energies.
Alpha Pips currently has 4 service plans costing $19.99/monthly, $74.99/quarterly, $199.99/bi-annually and $249.99/annually.
The service provides 24/7 live chat support where traders will be assisted with personalized trading strategies from the “experts”.
In addition to this, Alpha Pips advertises its services by saying they provide precise entry, exit and stop loss.
At this point, they want traders to think smarter and trade smarter.
Is Alpha Pips Legit?
The service is legit in terms of what they do on their website.
However, we’re already doubting the viability of their signal service.
Other than providing surface information on market hours and weekly “trade results” posted on their website, there’s nothing else they’re telling us.
The signal provider does not even talk about their strategy.
They tend to provide many promises but do not accompany them with tangible evidence.
For example, while trying to find out if Alpha Pips has a myfxbook account, we discovered that they actually don’t have one.
So the first thing we see is that this service can never compete with our favorite trading and investment resources.
Consider those recommendations if you want to be a successful Forex trader.
And do not fall for the “weekly trade results” posted on a spreadsheet and displayed on their website.
Pricing of their signal service is fair but if there are no accompanying verified trading performance, we should shun the service altogether.
If asked whether I would subscribe for Alpha Pips signal service, I would respond with a big resounding No.