FX Tech Strategy Review: Is fxtechstrategy.com Scam? - Topedgefx.com

FX Tech Strategy Review: Is fxtechstrategy.com Scam?

Welcome to the FX Tech Strategy review.

FX Tech Strategy is a service that offers Forex research and trade ideas. They tell consumers that they provide “award-winning” currency analysis that lower risks while instantly revealing profitable trade ideas.

The vendor believes that their analysis will help traders improve results.

They focus on 10 most liquid currencies every day. In addition to this, FXTechStrategy wants consumers to know that their service is currently accommodating over 3,497 traders and has been around for 6 years.

We cannot verify the numbers just yet. In fact, this sounds more like marketing gimmick than a factual statement verifiable with proof.

Aside from this, the domain fxtechstrategy.com was actually created in 2007 and is currently associated with somebody called Mohammed Isah.

Mohammed Isah is the co-founder, “head of research” and “technical strategist” at FXTech Strategy.

Marketing material on the FX Tech Strategy website claim that Mohammed Isah was trading stocks and previously working at FXInstructor LLC.

FXInstructor LLC operates and provides a trading room, signal analysis and trading education at fxinstructor.com. It is owned and operated by Muhammad Azeem.

However, it is not clear whether Muhammad Azeem is the same person as Mohammed Isah.

Since this vendor is proclaiming to provide expert analysis on currency pairs and commodities, this review needs to disclose the quality of the signals and let you know whether the service is worthwhile.

In the meantime, we’re encouraging traders to use these automated and semi-automated trading tools.

FX Tech Strategy Review

They have a professional presentation on the sales page with lots of products or services that might appeal to traders looking for trade recommendations.

fx tech strategy review Forex Research and Trade Ideas

The service looks robust from the outside but the vendor also tends to rely heavily on promoting the service using cheap PR websites, unverified testimonials and guest blogging. None of these things are bad so long as FX tech Strategy is offering a quality service.

FX Tech Strategy wants consumers to know that they provide “high-confidence trade ideas and analysis with no work from from the clients’ end.

They offer multiple subscription plans which are accompanied with all the necessary things like entry price, take profit and stop loss.

If clients want more than this, FX Tech Strategy has an additional product called Currency and Commodity Plan.

There are 4 plans under which traders can subscribe to and trade Forex pairs as well as commodities such as Gold, Silver, Crude Oil, Wheat and so much more.

In addition to this, FX Tech Strategy is providing email and Skype support alongside these plans.

FXTechStrategy also wants traders to know that their research is for the following purposes:

  • Complementing one’s trade analysis and ideas
  • Spotting trends quickly on the chart and have the ability to act quickly
  • For use as one’s original trade ideas

FX Tech Strategy subscription packs

They have different packages for traders with various needs. The first plan is known as “PLUS for professional traders” which can be paid for on a monthly or annual basis.

For traders who want to pay on a monthly basis, the cost is $89 while annual subscription attracts a cost of $890.

They cover the following currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, EURJPY, EURGBP, USDCHF, GBPJPY, and NZDUSD.

There are 10 daily trade alerts, a trading e-book and 24/7 Skype or email support.

Traders wanting other currency pairs not covered in the PLUS plan have to choose a separate product altogether.

This product is known as PRO Traders Choice. For this plan, traders can pay $59 per month or $590 yearly.

There are fewer trade alerts per day and definitely fewer trading instruments. They include EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, EURJPY and EURGBP.

Other than this, there’s no difference between Plus and Pro plans.

The other trading pack offered by FXTechStrategy is called “PREMIUM for professional and institutional traders”.

For $119 per month or $1190 per year, FX Tech Strategy will give you the Plus plan (which contains commodities as well) in addition to 15 daily trade alerts, a trading e-book and support.

If this is too much, FX Tech Strategy or traders don’t wish to spend a lot on this service, they can begin with the “STARTER plan” which costs $29 per month or $290 per year and comes with fewer trade alerts.

In addition to this, support is limited as FX Tech Strategy representatives can only engage traders between 9 and 5 in the evening.

And of course there’s a product that purely deals in commodity trading. This one costs $49 per month or $490 yearly. Traders get trade recommendations for GOLD, CRUDE OIL, SILVER, WHEAT and CORN.

There are 5 daily trade alerts, a trading e-book in addition to 24/7 support.

Looking at the robustness of the packages and the product categories, one would be inclined to believe that FX Tech Strategy is a serious market analysis vendor.

We also feel that pricing for some of their products is a little bit on the higher end. For them to remain competitive in the signals market, they must prove in advance that they’re real traders generating real profits from the Forex and Commodities market.

Trading results

We knew that at last, we would come to a place where we talk about FX Tech Strategy trading results.

They’ve provided a page with a mere table showing the number of pips netted on a monthly basis since 2014.

We don’t know what would prevent such a vendor from documenting their trading results on a myfxbook.com platform.

If they claim to be serious about market analysis and are running a professional service, nothing should stop them from being transparent.

And if we were to stick to their table of “pips achieved over the years”, we would simply doubt the accuracy of the information but if they provided a myfxbook profile, we would analyze and rest assured that what we see are the real results.

This is quite a setback considering that FX Tech Strategy manages to create a positive impression the first time you visit their website yet they fail to deliver verifiable results.

We just don’t feel encouraged to move forward with this service if we cannot get hold of truly authentic trading results.

I think this is a very common scenario in the Forex trading marketplace. If a vendor is a failure, they’ll simply find a way to fake results.

Classic examples include Forex92, Satelysfx, MaxMargin FX and many more.

Who is Mohammed Isah of FXTechStrategy?

There’s no way to prove that Mohammed Isah is a professional full-time trader.

But we can of course prove that he is a contributor at FXstreet, MoneyShow and many other trading commentary websites.

He even claims to have been identified by BusinessInsider. We’ve not yet verified this claim. In addition to this, becoming a contributor with any of these websites doesn’t take much. They don’t verify your trading results to start writing here.

Does authoring on these websites mean that one is a successful trader? Absolutely not.

In fact, there are many people we know who regularly contribute on these websites but have flopped in their trading careers. Contributing on these websites seem to be the lucrative option of gaining fame and making money.

Conclusion

We feel that in as much as FX Tech Strategy is doing a good job by stating what they do best, they’re scoring poorly in terms of trading methodology and verification of the trade results which they claim to have achieved.

Furthermore, we don’t always believe that one is a successful trader if they’re authors with FXstreet or any of those media websites focused on publishing trade commentaries.

We would love to see real verifiable trading results from FX Tech Strategy and nothing less. We would also appreciate a bit of explanation regarding how their trade analysis is conducted, what trading approach they are using and how they’re managing risks.

Thanks for reading this FX Tech Strategy review. This review has been longer than expected but we’re glad we achieved its purpose. Now we’re waiting for your comments.

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