Welcome to the Transparent FX Trading review.
You can sign up here to follow their trades.
Transparentfxtrading.com is a trading school that offers a mentorship program, daily market recommendations and account funding respectively.
Transparent FX Trading wants traders to know that they’re offering the best trading program on the planet.
They believe their program has what it takes to make you a consistently winning trader.
Transparent FX Trading strategies are also 100% rule-based since trades are placed as pending orders.
In addition to this, they believe that their trading style is also suitable for people with a full time job as only 5 minutes of work is required every 4 hours of monitoring the market.
According to the company’s promotion material, Transparent FX Trading is based in MALTA and are registered as TFX EDUCATION LTD
The company’s owner, Niccolò Testa, is a full time trader with a pretty decent trading history.
When following his investment recommendations at Transparent FX Trading, rest assured that you’ll be getting the real deal.
It appears that this company has nothing to do with transparentforextrading.com, although their names are quite similar.
Today, I will provide a full review and analysis of this trading school and account funding program to let you know whether they’re a viable solution or not.
In the meantime, you can also check out our top recommended automated trading tools for Forex.
Transparent FX Trading Review
The vendor’s website is quite upfront about what they offer.
They create a sense of professionalism on their website by keeping it brief and straight to the point.
We’ve found over time that trading schools that inspire trust and convince traders to join them usually have this one common characteristic.
There are 3 products offered by Transparent FX Trading. I’ve listed them below for your viewing pleasure:
- Mentorship program
- VIP Market breakdown
- Account funding (25k minimum to 250K maximum)
Transparent FX Trading has also provided details of what traders can expect from their mentorship program.
In their mentorship program details, they show us a couple of screenshots while asking us if we’d like to trade with that kind of accuracy.
Of course we’d say yes because trading is hard and if we can get a mentor like Niccolò Testa to demonstrate to us how he does his thing, that would be really good.
Transparent FX Trading promises to show us the “proven” rule-based trading strategy so we can trade with confidence and zero emotions.
The company’s marketing material advertises 12 GB of A-to-Z video lessons. In those lessons, Transparent FX Trading states that they’ll teach you the following:
- How to map the market
- How to identify the direction of the market
- How to take swing trades, risk management and probabilities
In addition to this, Transparent FX Trading is teaching rule-based strategies labeled I.C.I strategy, the W.M. strategy and the T.L.C.T.L strategy.
You might feel intimidated by these trading strategies but rest assured that once you sign up for the Transparent FX Trading program, everything will fall into place.
So before I complete this Transparent FX Trading review, I will find out whether the traders behind this program are trading their strategies and making consistent returns.
In addition to this, marketing materials have disclosed that Transparent FX Trading has launched 3 new products in their mentorship program category of products.
Traders who sign up for their mentorship program will also be provided with the company’s printable cheat sheet, weekly live strategy development workshops and access to signals and market commentary where they show students what strategies were used, where take profit and stop loss can be placed and so on.
Transparent FX Trading also boasts of offering amazing guidance and support.
The question we would love to ask is what trading experience does Niccolò Testa of TransparentFXTrading have?
The domain for Transparent FX Trading website was created in 2019.
When I inquired about their state date in relation to their trading experience, I was told that Niccolò Testa has been developing trading strategies prior to launching TransparentFXTrading website in 2019.
In as much as it would come out as if he does not have significant trading experience, I really like his honesty and his trading results also show that his equity is generally on the upward trend.
I can’t wait to get to this part of our TransparentFXTrading review.
Having said this, the trading community is still wondering whether there’s sufficient proof to suggest that these traders are experienced and are actually trading a live account?
I don’t know about you but if a trading educator can use a fully verified myfxbook account to prove their profits, I will have no doubts but to subscribe.
Transparent FX Trading Review: VIP Market Breakdown
This product is designed for students who are interested in learning the vendor’s trading strategy.
They want to provide market analysis in addition to strategy, take profit, stop loss and other details of the trade.
In addition to this, this vendor claims that their VIP market breakdown product will teach students trading psychology and risk management.
They believe that traders who have mastered this part of training will easily qualify for the Transparent FX Trading funded account.
We would like to discuss their funded trading program at this point in time.
For students to qualify for account funding, this company demands that they should be subscribers of their products.
This makes sense because no company can give you their funds to trade without sufficiently getting educated on how to trade Forex.
The vendor also wants traders to show that they’ve mastered their rules-based trading strategy.
While this sounds like a setback, it is actually for the good of both the trader and the company owner.
In addition to this, they claim that this is a 100% scholarship so all costs are paid by Transparent FX Trading.
Profit is split in the ratio of 50: 50 or 80:20.
Now that I have told you this and our review shows the kind of faith we have for this trading program, it is better to take advantage of what they’re offering right away.
You see, it’s extremely difficult to find these because almost every trading educator out there wants to cash on the failing trader.
Good examples of companies claiming to fund Forex traders with transparency include:
I also don’t know of any trader who has qualified for funding through these companies.
But I certainly have many testimonials from current and former students of Transparent FX Trading.
What is the cost of joining?
The cost of Transparent FX Trading mentorship program is €680.
It is inclusive of everything that the vendor is claiming to offer including access to account funding.
The trading educator also provides access to a private Telegram group, a complete trading course and access to live trading via Skype.
We initially disputed this section of the review until our doubts were countered by actual real trading results from two separate live Forex accounts.
Myfxbook account for Transparent FX Trading can be found on these two links:
Both of these trading accounts are with IC Markets, which is a very good broker.
So if Niccolò Testa actually tells you to sign up with IC Markets, please do it.
Transparent FX Trading also wants to teach how to become a consistently successful Forex trader.
We believe that with their strategies, you will definitely gain an edge as a Forex trader.
The vendor is only providing screenshots of supposed testimonials from their “clients”.
We usually don’t believe this until there is a way to verify those testimonials.
I managed to speak with at least 6 traders who use the services of TransparentFXtrading and the feedback was extremely positive.
As you already know, it is difficult to authenticate this feedback but I somehow managed to engage the 6 on their social media accounts.
To my surprise, I got real feedback from real people who trade with TransparentFXTrading.
There is no way they could have faked the 6 social media accounts for the same of proving a point.
I don’t think a trader with a myfxbook track record can stoop so low so as to fabricate any testimonials. This is the truth.
Transparent FX Trading is a professional website worth checking out if you’re a struggling trader.
While most of the content on their website appears promotional in nature, I believe that they’re actually teaching rule-based trading strategies for the overall good of their students.
Thanks for reading the Transparent FX Trading review. Let’s hear what the community has to say in the comments section.
Niccolò Testa himself has left a comment and you can see that he is very honest.
Like we said it before, we engaged in some dispute initially, daring him to show us proof of his verified trading performance.
Just as the 48 laws of power say (never mess with the wrong person), it appears that we were actually daring the wrong person……… not in the sense that we were threatening each other but in the sense that we were getting as real and objective with one another as possible.
I definitely love trading educators who can say the truth, and Niccolò Testa of Transparent FX Trading is one of those rare to find trading educators.