Lost all my profit. Would have lost my capital too if I had not withdrawn it when I did. Just took one bad trader to stop trading without warning. Did nothing to recover even when trades briefly went positive. Had an income on demo account, decided to provide 5keur on a live account.
Then Mr Andrea M disappeared some days before fraud he tried to have a 25keur raise on SignalGLORY and Mr John replies on my call requests with emails asking me when he can call me even when I write "now", "when you want", "don't write, call". This is my experience with Signal Trader. I opened a demo account in Nov and made some money. In Feb , one of the signals I followed is SignalPower had a big draw down and they topped up their account a few times to avoid margin calls.
I also had a margin call and topped up my account. Many other people got caught out and their accounts got completed wiped out. The big draw down continues in Mar until last night they decided without warning to remove SignalPower and forced close all open trades. I lost all my money. I don't think they have capital management in place and do not set stop losses on their trades.
They are more focused on showing good profit and ignore draw down until the account is completely wiped out and remove the signal without warning. I been trading with them for 3 weeks I deposited 42k noq I have 32k these guys don't know what they doing I just pulled out also if you do ur research signals are changing all the time because different signals lose everything so they just publish new ones You want to Gamble go ahead just remember you will lose everything very soon I have been using the website for over three years now.
There are signals on it which are not as accurate as others however on the whole I have gained money when using this website, in this day and age it is hard to find a reliable Forex signal website, they also allow the use of various reliable brokers and not just one particular broker.
Don't ever ever subscribe to this signal provider. They are going to wipe out your account. After a month of subscription, I got a margin call from my broker because of massive drawdowns. I deposited additional funds and I had to closed some of the losing trades to avoid farther drawdowns. Two weeks after, the drawdowns was threatening the account again, so I had to have the nerve to close all the open trades and disconnected the account with them.
That's how fast they can blow your hard earned money. Their system was mostly trading against the strong trend with no stop losses. If the trade is a winner they cut it short, but if its a loser they just leave it running forever.
They have trades with over pips drawdowns. I don't know why they qualify to trade other peoples money with no sound money management. If you looking into investing your money into a pure gambling website then signaltrader is for you.
Yesterday we had SignalCable blow with 31K and signaltrader. These guys just simply keep doubling their trading size, it is just a pure gambling with absolutely no thinking or risk management.
Do not waste your hard earn money away. I strongly believe that most of the accounts on signaltrader. I did invest in signaltrader. Meanwhile I was doing a lot of research and back testing on Martingale forex strategies and the results were always blown accounts. BubeGBP has had some huge losses and I noticed some of the other accounts have had huge losses as well. Some are still making money. I am having excellent results with ST. Also beware of Signal Hedge. I followed them both for a while but too risky for me.
I opened a demo account, chose 3 top SignalTrading professionals. Live discussion Join live discussion of SignalTrader. Video Your company video here? Let other traders know if this service is worth checking or should be avoided. Page 1 of 2.More...