ForexSignum.com Review
WARNING: August 2016: A representative of Censorino/ForexSignum contacted the FPA claiming to want to reach a resolution and have the warning below removed. Instead, he ended up repeating the same action of attacking the client, this time with a different story.
The issue has now recieved an FPA Traders Court guilty vote. Unless this problem is resolved, the FPA strongly recommends against doing business with ForexSignum or any company related to it.
WARNING: February 2016: A client tried to complain about this company in the FPA's forums. The owner's treatment of this complaint was highly unprofessional. He seemed much more interested in blaming the client and attacking the FPA than in trying to look into whether or not there was any way to resolve the client's issues. CLICK HERE to read the thread for yourself. Under the circumstances, the FPA recommends against doing business with ForexSignum or any company related to it.
Related sites include Pipsar.com, MQLBlue.com, LiveRates.org, BestFxTools.com, Censorino.com, the anti-FPA site filled with hate and lies at forexpeacearmy.eu, and the fake review site designed to promote Censorino's services at ForexProtect.com.
Website is down. Company seems to be out of business.
Recent User Reviews of ForexSignum.com
Money down the drain
Well, it started losing money right from the start. Lost $300 in 4 days. Then I quit.
___________________________________________________
Thank you for your speedy response.
Could you a answer the following:
If Free copy service at your broker:
1) Minimum deposit and What currency?
2) How are lot sizes determined?
3) Maximum Draw-Down experienced?
4) Risk per trade on the account?
5) Does my capital stay under my control?
6) Is the account under a PAMM or MAM structure?
7) Will I be able to close a position myself?
8) What maximum loss will be allowed before trading is stopped?
If a paid subscription and linked to my Broker:
1) How is monthly fee paid?
2) Is a trial available?
3) What is your win percentage?
4) Approximate number of trades per week?
5) Average duration of trades?
6) Suggested maximum risk per trade?
7) Average wins and losses in Pips?
8) Is a money management strategy included or at least suggested?
I hope you will pardon my list of questions. Just trying to make the correct decision for a long term commitment and not waste your time or mine.
Respectfully,
___________________________________________________
Response from them:
Access rejected
Hello
Please search other service.
Have nice weekend
Best Regards
Team Forex Signum
http://www.forexsignum.com
This guy is definitely a scam, from opening account to everything.
I spend last 2 days in opening the account as per the instruction on the website that if you open a Forex account with Hot forex or XM you will get free access.
"There are two options. First option: Free Access opening account with one of the brokers HotForex or XM. Second option: Pay for access and use the signals with your broker."
Once the account was opened and I have deposited $500 usd, ForexSignum replied that they are my IB and now I have to 3000 euro/usd for standard or 12000 eur/usd for VIP package OR else I have to pay the monthly fees.
I would have paid him if he wouldn't have done this scam just to earn rebates.
If the start is so dodgy the end will definitely be horrible.
STAY AWAY FROM THESE GUYS.
Regards
Muhammad
2016-02-18 2 Stars Hello, I tried their EA for a month and obviously I finished without any profit. That time I used IronFX as they recommended to me. After one month I decided to quit. I wrote to Marcin (support team) again and I asked for any independent proof of their results. Obviously they don`t provide. He said IronFX is a scam (yes they cooperate only with scam brokers so they can get their kick backs I am sure). The results on their web site don`t show any equity (how many traders have fantastic balance but equity is 40% of the balance or less). later I learnt that if you pay for signals, you will get more of them if you pay fro them than if you take them for free. Marcin immediately gave my account data to one of their recommended broker so they started to call me. What is the reason, the broker wants you so badly to make 5000 pips a month???? The answer is obvious.. When I asked too many detailed questions, Marcin became very rude. Really arrogant, unprofessional service. They don`t care about you. Stay away from them, sooner or later you will lose your money. P.S. By the way, have you spot that all good reviews are written by "people" using the same level of English??