MTLforex.com Review

I think every site that offer a complete free trial is proud of the general results of the trades , my review is that MTLforex is very pro site and the most important thing is the result ... the results is excellent.

MTL Forex started their bussines at the end of Jan.08,
Based on their preformane in Feb.08 which it was about +790 PIP I decided to join them at the beginning of Mar.08 as a paid $99 member, They were sending multi signals a day for the pair which was open to close is earlier in a small profit or loss or to take a partial profit BUT i have faced a huge loss during that month cus most of their trades was against the trend and they also use a high correlated Yen pairs and their SL is big, Their support team is poor as i have to send to many reminders till they replay me.
From April 08 they have increased their subscription fee to $219/month and they have changed their signals style as they are sending you an E-Mail and SMS to view their signal in their web site also they don't follow the trade with you as they were doing before and they provide you now with 3 TP which you have to follow it step by step.
this is from my own experiance with them.

A quick update.

I contacted the site to again ask about performance and was given a 3 day free trial for the second time.

During this 3 day trial, I received 1 trade alert, which was stopped out for a loss. The only other thing I received was an email reminding me to renew my subscription. No history and no more information.

I don't know how a signal provider would expect you to pay over $200 after seeing 1 signal, be it a winner or looser and no history.

Obviously I can't rate a service on 1 trade, so there is no rating with this review.

My only opinion is that if the signals here are decent, the people who run the site should give prospective customers a bit more of a look before expecting anyone to sign up.

2008-04-15 no rating I signed up for the 3 day free trial. There was at the time a day trading room, using Gmail messenger and longer term swing signals, that were sms'd to my phone.

I can't make any informed comment on the day trades because I didn't pay a lot of attention to these.

I think there were 3 swing signals sent out on the one day and they all closed for substantial profits, well over a hundred pips each. I don't remember receiving any other swing trades. All 3 trades that were opened at the same time were highly correlated pairs.

I didn't join the site site because there was no performance page and no one would send me any performance details. There was also very little detail on the history of the service. I didn't even know MTL was short for Montreal until the changed the appearance of the site recently.

Having said that, the signals I reveived were very profitable, several hundred pips in one day, but the 3 pairs were highly correlated, so in my mind, it was one winner not three and that was not enough of a demo for me to part with my cash in the highly unethical world of forex signal providers (not that there was anything at all unethical here, I'm just careful).

I think most legitimate services provide a performace page.

I'm keen to try this service, but just need to hear someone elses experiences or see some performance results.

I hope nothing I said above sounds negative, because I didn't mean to. My experience with the service was completely positive, but too short.

They make a ton of pips almost everyday and yet they are humble. I have subscribed to them for a free 5 day trial, and on the 2nd day itself, they made a stunning 328 pips. Their strategy is simple and easy to follow. I strongly recommended mtlforex not only for the quality of signals but also for the way they make trading simple with strong money management.