Carlos and Company Review: Scam or Best Forex Signal Provider? - Topedgefx.com

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

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.

Carlos And Company review best forex signal provider or scam

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.

Carlos and Company subscription packs

[tabs][tab title=”Forex”]Quarterly: $599, Half Yearly: $999, Yearly: $1,799

1 to 2 signals per day

Risk/reward is 1:1

Live market updates with news letter

News and economic data

Regular follow ups

 

Advanced Pack: Quarterly $999, Half Yearly $1499, Yearly $2499

2 to 4 signals per day

Risk/reward is 1:1.5

Live market updates with news letter

News and economic data

Regular follow ups

 

Premium Pack:Quarterly $2499, Half Yearly $3,999, Yearly $7,999

4 to 8 signals per day

Risk/reward is 1:2

Live market updates with news letter

News and economic data

Regular follow ups

[/tab] [tab title=”COMEX”]Quarterly: $599, Half Yearly: $999, Yearly: $1,799

1 to 2 signals per day

Risk/reward is 1:1

Live market updates with news letter

News and economic data

Regular follow ups

 

Advanced Pack: Quarterly $999, Half Yearly $1499, Yearly $2499

2 to 4 signals per day

Risk/reward is 1:1.5

Live market updates with news letter

News and economic data

Regular follow ups

 

Premium Pack:Quarterly $2499, Half Yearly $3,999, Yearly $7,999

4 to 8 signals per day

Risk/reward is 1:2

Live market updates with news letter

News and economic data

Regular follow ups

[/tab] [tab title=”Crypto”]Quarterly: $3,499, Half Yearly $5,999, Yearly $9,999

Risk reward: 1:1 to 1:2

2 to 3 recommendations everyday

Live market updates

Risk management

Lot sizing assistance

24/7 call and chat support/regular follow ups

[/tab][/tabs]

Carlos and Company trading results

With such a high price tag, it would have been fair if Carlos and Company team posted their trading performance.

Otherwise they don’t expect us to give them the benefit of doubt by investing several hundreds of dollars on their signal service.

It won’t work.

Carlos And Company trading results

The vendor’s website has a “track sheet” page which they use to post results of their trading.

But for the sake of transparency, Carlos and Company should have integrated their myfxbook widget so we can get a better idea of how they trade, what monthly returns they make, draw down and so on.

With a track sheet like this one, we can’t really be sure whether the performance is genuine or not.

Keep in mind that Carlos and Company team are the same people who enter figures in that form. They are bound to cherry pick trades or give us figures that favor their service instead of the real thing.

Customer reviews

Initially I said this signal service does not appear to be very popular and my assumption has been confirmed by the fact that only one user review has appeared about this service since April 2018.

Forex Peace Army confirms that multiple suspicious reviews were posted on their platform in favor of this signal service.

I checked again and saw 2 reviews only. It appears the Forex Peace army moderators have since pulled down the fake reviews.

These are obviously from the signal vendor.

Conclusion

Carlos and Company is a very expensive signal service and in that case, traders must demand 100% clarity and transparency.

I would never recommend this signal service because the vendor lacks transparency. While I expected them to produce their trading results in a myfxbook account, they did it in an excel-like form on their website.

The vendor goes ahead to submit fake reviews on Forex peace army. This makes them look shady and potentially creepy.

Thanks for reading the Carlos and Company review.

One Response

  1. YSABBAH June 10, 2020

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