TRADEFX2016 posted: I am signal provider and I am really not happy the way signalstart collects 30% from provider and also 25 USD from subscribers on monthly basis. this really affects our clients and our following, also there is no way to reach to new subscribers, you must make a main page where we can interact with people to make them subscribe to our signals, getting client is really tough for us. there is no way to advertise our signals. most people sitting on the top ranking are not even trading now, they just manipulated results by adding more money on later stages to increase the growth and now those traders who trade on daily basis cant be on top lists.
true, very expensive.... but quality has its price !
jeremy152 posted: The platform is good and customer service of SS is good. However the 4 or 5 signals I've tried either stop trading and don't tell you, or aren't profitable enough to cover their subscription fees.
you can always contact support and ask for refund if trading is completely stopped from a provider.
My rating is based on the following: (1) Platform reports draw down % incorrectly e.g. The best of the best signal had 5.6% maximum draw down % on Friday 10/11 and today it is zero. This means that draw down % for many signals could be grossly understated thereby resulting in increased risk for followers; (2) Customer Service :(a) Interaction with Traders is a common and necessary feature for any good signal service e.g. Zulutrade; Mql5, etc. This enables followers to obtain up to date status of any signal being followed e.g. How does a follower know when a signal provider has stopped trading if the follower can not even ask questions? (b) It takes forever for Chris the only support person to answer emails. Why not add staff and include online chat like other good signal providers e.g. Zulutrade; (3) Charging separately for an account is ridiculous since you can't receive signals without having an account. Simplify the pricing and bundle into one simple price. (4) The ranking system is not explained anywhere unlike some other signal platforms e g. FXSTAT. The ranking seems to favour new very short term providers who seem to the 'gaming' the system by pumping up profitability (sometimes with massive risk) within the first month, then trade differently for subsequent months (e.g. BAT system) without informing followers or adjusting their fees.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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