Dailypipssignals.com
With each passing day, new traders are emerging from all corners in the world, and most, if not all, are seeking a shortcut to making a profit in the FX market. This leads them to forex signal providers who have been around for a long time in the market waiting for unsuspecting traders to fall into their trap. One of these signal providers is Dailypipssignal.com. This is a signal provider that claims to provide 100% profitable signals. We all know that this is not possible in the FX market and it is just a statement used to attract traders who are desperate to make profit.
The FX market is very huge and in some recent years it has seen some average turnovers of about $5.1 trillion. This is a lot of money right? That’s why it is considered the biggest market in the world. This means it has many players and some of them are there to use deceitful methods to get a piece of the cake. They range from forex robot vendors to course providers. All of whom clam that they’ll show you an easy way of becoming professional trader.
All customers who have used this signal provider claim that they’ve made huge loses ans some even blowing their trading accounts entirely. Daily pips signals is an entity setup with the aim of making profit and without a reputation to maintain, they simply do not care if you succeed in the market or not. They have given their contact information on their website.
This review is going to give you in-depth information about this service and give you different perspectives for you to make a sound decision on where to invest your money.
Daily pips signals Review
Daily Pips Signals is a USA based signal provider that has been around officially since 2016. It claims to offer quality signals and copy trader service to traders for a price. They claim that these signals come from professional traders who work round the clock to give you trading information that will make you successful and also a pro. However, this is not the case.
They claim to guide you step by step while abiding by beliefs that are outlined on their website. Though after reading different ratings and customer reviews on ForexPaceArmy and forexprotect.com, there is a totally different story.
The provider offers several signal packages which are trial, standard, premium, and ultimate. Their pricing is categorised as follows:
Trial $ 30/ 7 Days
Standard $ 97/ 1 Month
Premium $ 199 / 1 Month
Ultimate $ 499 / 3 Months
They claim that premium and ultimate packages come with 24/7 customer care support. They also have twitter pages and facebook but no customer interaction is seen.
Signal performance
The websites updates information on signals’ on their performance page after an average of two days by posting results of different currency pairs. After a closer look we learned that these are just writings that can be manipulated and that the data cannot be validated. Some real trading accounts with details on executed trades would have provided more information on their “working” signals.
The data is shady because with currency trading, there are losses and in this case the gains posted seem to be very high and therefore rise suspicion of manipulation.
MyFXBook is known as a standard by signal providers who want to prove their efficiency and performance over a given period of time. Well, this is not the case for this provider because they have avoided using this service. This leaves us with information that we cannot verify to be true hence raising a red flag for Daily Pips Signals.
Are you willing to invest your hard-earned money in a signal provider that is this shady?
Customer Feedback
We believe that customer feedback goes a long way in proving the legitimacy and efficiency of a product. Well, on the Dailypipssignals.com website there are only eight reviews and all of them are positive. So, after learning that we could not trust the reviews we had to outsource information from other reputable websites. All the reviews we found were negative with some customers saying that they had been scammed and others had gone down by -760 pips on this page. One went ahead to say: “this guys are scammers pleas do not use DailyPipsSignal.com they dont know how to trade they are not americans they don have real office in us. the address is fake . the telephone number is virtual. they are actually from bangladesh . they first scammed me for 97$ than they scammed me for 199$. the video is fake too . stay a way
“
A short informative video in their website showing a customer review and some details on their strategy would go a long way in promoting their signals and proving their authenticity.
We all know that customer satisfaction is important and when a company goes ahead to only promote the good of its products and hide the bad, that company is not to be trusted because it most probably has done somethings in the past that may be damaging.
Popularity and outreach
Every trader’s aim is to make money right? So, if Daily Pips Signals are who they say they are then why don’t they have a huge follow up on social media?
On their Facebook page, they have only one review that dates 22nd June 2020 and most of their posts have zero likes and zero comments. The same story goes for their twitter page which lacks customer interaction.
Most successful signal providers have a huge following and user interaction on their social media pages because they help traders make money. For this provider it seems no one has questions about their signals or how they come up with their strategies. So, are do they have paid followers who are paid for their following as part of some crowd-sourcing micro-jobs?
Alexa rank
The site ranks # 1,777,622 and has an average 1 daily pageview per visitor. It is registered under the domains dns1.namecheaphosting.com and
dns2.namecheaphosting.com.
If they provided working signals then they would definitely have a better rank and more traffic.
Key points to note
If a signal provider offers working signals then they would have a huge following and the retail FX market of minor players would make some comments on various social media platforms that wouldn’t go unnoticed.
Having a demo account to try out a free trial is a good thing that comes with some reputable signal providers. Therefore you will always be able to test the waters with one foot before you invest real money in a product.
It is always good to look for customer reviews that are not on the vendors website before making a decision on whether to purchase a signal package or not.
And lastly we recommend that you look into the background of the signal provider.
Final Verdict
Dailypipssignal.com is not a viable investment considering the the reasons cited in this review. Therefore we would suggest that you diversify your options and look out for better signal providers that are worth your money.