Edgetradings.com is a brand new Forex signal service that is promoted on Facebook.
Their website was registered on 14th of August 2020, and they currently do not have any feedback from any customer.
However, Edge Trading is claiming to provide its clients with an “instant edge in the market”.
They promise between 2 to 5 premium Forex signals per day for the price of $40 per month.
They claim to have a team of market analysists that make decisions to post Telegram signals that have a win rate of 83%.
The signal vendor feels that they have a flawless track record of consistent profits.
They have also posted portfolio charts on their website. However, they have not introduced themselves to the community just yet.
We don’t know who they are or where they operate from. It is quite difficult to verify their alleged experience.
Traders wanting to contact them can do so using the email [email protected].
Note: Forex traders can still explore these Forex products and services for better profitability.
Is Edgetradings legit?
With no reputation in the market just yet, we feel that many traders will not have a high expectation of this service.
Also, considering that they charge around $40 per month for up to 5 Forex signals per day, many traders will most likely dismiss it for being cheap and unreasonable.
Currently their signal service looks like this:
- 2 Take Profit per trade
- 24/7 support
- Instant phone notifications for each trade
It would be worthwhile to at least provide details about their signal analysts before presenting us with the specifics of what they offer.
We feel that this approach is really a bad way to introduce a new signal service especially in a market where competition is very stiff.
They will definitely have a hard time convincing Forex traders to subscribe unless one is purely making decisions based on monthly subscription fees.
The only thing that Edgetradings says about their trading is that they are day traders.
They have not provided insights into how they trade.
For signal vendors to compete fairly, they need to tell traders how decisions are made before positions are entered, managed until exit.
With no strategy insights at all, Edgetradings fails to convince us why they need our $40 at the end of every month.
Edgetradings trading results
Their website’s template has integrated a plugin that displays two graphs which highlight their supposed performance.
One thing to note is that this service was created in August 2020. It is barely two months old.
However, they are already creating the impression that they have been trading for quite some time.
The graphs don’t tell us which year they started trading Forex. Instead, they provide random pip figures accompanied by the monthly duration that trading occurred.
Like we said, this is just a plugin that was integrated on their website’s template. It does not reveal the true picture of what is happening.
It does not even assure us whether Edgetradings is actually trading the Forex market in a live account.
The other supposed proof of performance is in their “Telegram testimonials”.
We do not believe these “testimonials” either because they’re clearly fabricated.
We prefer that signal vendors should at least consider sharing their results on myfxbook.com.
This is the only way to gain the trust of their audience.
Edgetradings is selling an unreasonably priced Forex signal service. One might think they have thousands of customers yet this is not the case.
They lack verifiable trading performance and the service is very new. We feel that Edge Tradings is not a viable signal provider.
Thanks for reading.