Fxcartel.co.uk is a Manchester-based Forex trading school that offers in person training, chart analysis and weekly trade setups.
Even though this website has a weird name, FX Cartel wants traders to believe they’re made up of “Foreign Exchange experts” who want to provide solutions that take peoples’ financial situation to the next level.
If you prefer to let a professional asset manager handle your investments, you can see this article for details. Otherwise, our review will address the quality of education provided by FX cartel and their trading performance (if any).
According to promotion materials on the FXCartel website, the vendor wants to provide proven profitable strategies and techniques to achieve this goal.
The service is operated by SEBASTIEN DUBOIS, who is the CEO and head trader.
Their aim is to bring quality education to the retail trading community.
The operators of this service can be contacted using [email protected] or through an integrated contact form on their website.
The reason we’re reviewing Fxcartel.co.uk is to let you know whether this education service is worth it since the price of their in-person, 2-day training is a whooping £1,499.
The only service that seems to be reasonably priced is their chart analysis offering which costs £89 per month.
The team has a professional-looking website that gives a sense of hope and expectations.
The website was registered in November 2017. So we expect to see some feedback from the community of retail traders whom they claim to serve.
FX Cartel has also provided a brief summary of the kind of service they offer.
Besides in-person classroom and chart analysis services, FXCartel also provides access to a trading floor and a trading book.
The in-person trading course is the prerequisite for joining their trading floor where Fxcartel.co.uk will provide the following services:
- 4 screens setup
- News feed where we can access Reuters terminal and Ransquawk
- Weekly fundamental analysis and trading station available on subscription basis.
- Access to elite community
Fxcartel.co.uk appears to offer a wide range of trading education service.
However, they’ve not disclosed the cost of joining their trading floor which we’re of course interested in finding out.
While this website looks like a serious contender for inclusion into our list of the most recommended trading services, we’re skeptic of making this move if we’ve not seen their trading results yet.
Vendor’s trading performance
It would be good to see what their trading performance looks like.
This is our prerequisite to establishing their credibility as trading educators.
We just don’t want to rely on what they say they can do for us.
So, the question is; does FXCartel have any trading results that we can check and verify?
The answer is No! We didn’t see any links that would lead us to their myfxbook account.
If a trading educator cannot prove his strategies using verifiable trading performance record, then we always assume their strategy is not effective.
Why would a supposed trading educator fail to show their students how they trade and what money they make from trading?
In fact, there is money in trading and if they have a strategy that works, we see no reason why they should not be making most of their money from the financial markets.
In the case of FXCartel.co.uk, the vendor is only interested in making money by selling trading education.
So we definitely have to question the effectiveness of their strategy.
FXCartel Customer reviews and feedback
We found glowing customer reviews on the internet. The question is whether these reviews are coming from authentic sources.
Furthermore, we noticed that all of the reviews are giving this service a 5 star rating, which is obviously too good to be true.
Every good company out there will have a healthy mix of positive reviews and negatives ones from a few critics.
Most importantly, these “reviews” are coming from Trustpilot, the infamous reputation management website that lets doggy vendors post fraudulently generated feedback as long as they pay the company.
So who do you trust?
The best way to answer this question is to do your own research.
Does the company claim to be selling trading education and strategies when they can’t produce their own trading statement?
If yes, then chances are high that the company is a scam.
We don’t see ourselves recommending FXcartel.co.uk trading education and other services.
The “reviews” from customers are not accompanied by verifiable results to conclude that they are legit.
The vendor is also not selling this service based on verifiable track record.
Yet a 2 day seminar will cost over 1000 EUR.
You have to realize that FXcartel.co.uk is taking you for a ride if they can’t answer the critical questions like “why should we subscribe?”