ForexDiamonds.com Review

Good service, I think they may add some days to your subscription for free. I think they should automatically deduct your credit card after the trial should you not contact them before the deadline (I think I saw this somewhere). I was caught fumbling for credit cards which could not go through and I realised I have to call my bank for overseas transaction (USD 299 seems to be a big deal for the bank!) and todo all this when the trading session has already started.

Performance wise, it was breakeven to slightly profitable and so not worth the money for me already (my trading account is double the recommended amount). Add to that misunderstandings, dropped connections and mistakes may factor in and make things worse. So I quit.

I submitted a review on 2009-08-31 with 1star rating. Please remove that review and replace it with this one:

I subscribed for a 14 day trial, but due to a technical problem on their part I could only access the service for 1 day. I contacted them and although the initial response was a bit slow, they refunded me my trial subscription and gave me a complimentary 14 day trial. I found the service very educational and I learnt a lot. The monthly subscription is too expensive considering my relatively small trading account size. I will consider them again when I have more funds to trade with.

Never did get a response from this service even after following advice of moderator to "resubmit" request through the forum contact form. Performance testimonials are the only documentation of trades by "subscribers" as far as I can tell. Good "luck" to those who are following this service.

From previous Post:


I am not leaving a rating as I have not used this service.

From a previous Post:
Review Moderation Team Note: Reviews for ForexDiamonds have to pass the exact same moderation process as reviews for other services. We suggest you contact Forex Diamonds directly if you want more information about the performance of the service.

*** I did contact ForexDiamonds "directly" and asked about trades, performance, etc. Never did get a response. Still wondering why given the testimonies posted on their site. Can they actually validate profitablity of the trading room. I subscribe to another trading service (non forex) and all trades (lifetime) are documented. ***

Seems suspect given the claims on the website

Review Moderation Team Note: Please try contacting them again. If this fails, use the "Contact Us" link at the bottom of the page and we will forward your inquiry directly to them.

Review Moderation Team Note We recommend that you recheck your email or ask again. The FPA Forums Team got your message and forwarded it to Sir Pipsalot. Sir Pips sent you this reply:

Hey David,

I just got your email with a request for us to post up our performance data. For awhile Felix wanted us to keep our performance data viewable by subscribers only, and then something screwed up with our database, so some of the records were a bit of a mess. We've basically fired our programmer guy and are having to rebuild that system and remake the website once we get the source code from him. I have handwritten records of all the trades, so I'm working to recompile all the performance data from the start of the service, but it's taking time obviously. I can only spend so much time doing data entry and calculations when I'm more focused on trading. Anyhow, trading is going well and we're doing a lot of education with our service. My estimate is that about one month from now we'll have a completely overhauled website with complete performance data. The three things that need to happen are:

1) Getting database source code from our old programmer
2) Redesigning the website (I hate the god-awful get rich quick B.S. up there... it's not anything like what I want to put out there) with FAQ, contact info, specific, detailed performance data, etc.
3) I have to finish recompiling my raw trade data into electronic form which is quite a task, but I'm progressing well on it.

I just got your request for the first time just a day or two ago, but it seems like you've been looking for answers for awhile. For that I apologize. Like I said, our site needs a more comprehensive overhaul so questions like yours are easier to forward to the correct place. My priority though has always been to focus on providing the best trading room for our current subscribers, so often times marketing stuff like this can take some time to iron out completely.

I will say Sir Pips a lot is a very intelligant trader and knows his stuff. The downfall is he jumps into trades too quick IMO. If the room would wait for news pip spreads to return to normal and to see where the pair will go it would be more prosperous. It did show me a lot about news but trading news every week is just plain crazy. Do they have profitable trades? YES. They are more profitable then not.

Great room, very informed, need patience on entries. Over priced IMO. $100 per month or whatever it is is too much just to trade news. Sir-pips-a-lot is a great chartist and they should focus on plays instead of crack crazy news releases imo They have played long trades for well over 100-400 pips. Some trades have went over 1000 pips

I've been using this service from when Felix was running but stopped my subsctription since it's not as profitable as before anymore.

Entry point is kind of too loose and need to be patient with relatively large drawdown sometimes. I can enter the trades much better so don't need this service anymore.

Only thing I think it's great about this service now is Majester Pips session. He was a great trader IMO. I would stay if he was the only person who ran the room.

This Service is very very very bad, you will lose a lot of your money and time after joining them, i joined them and until now im the biggest loser, may be the experts just can get some benefit from them, i warn anyone who want to join them just to get signals, you will get the worst signals i had ever seen, you will pay to lose with these guys, i hate them really after losing all my money with them.

Good Luck!!!

I am not leaving a rating as I have not used this service. But this appears to be a "Hopes & Dreams" website. They build desire by asking if you would like to work just one or two hours a day. They post a number of testimonials showing that it can be done. (I'm guessing these testimonials are fake) They do not show samples of their trades, nor do they show performance results. I can't help but believe a large number of the Excellent ratings on this site are fake. I will be avoiding this service.

Review Moderation Team Note: Reviews for ForexDiamonds have to pass the exact same moderation process as reviews for other services. We suggest you contact Forex Diamonds directly if you want more information about the performance of the service.

Not very profitable or practical. Very impractical to have to sit in front of your computer for hours in the middle of the night. Performance lackluster when I was involved a couple of months ago and couldn't even break even after the subscription cost. Why are there no performance records shown on the website or recent reviews here?

Simple,, these guys are all bussiness when they say all they do is make money

THEY ROCK

ForexDiamonds is one of the best services on the planet. Not only was Crazy Cat so nice, he actually gave me 2 extra weeks of trial under small circumstances. Most forex services may not treat you like what they say is required, Crazy Cat actually gave MORE than what is required. I would give these guys a 10 and not a 5 star!! I have been trading forex for years and its is VERY difficult. These guys are definetly the way to go even for professionals. They are far from scams. Anyone who is afraid of scams MUST feel safe when you are here! They indeed are the good guys.