GreenlightForex.com Review

I have been a subscriber for 3 months. All I can say is ....terrible! No communication to many emails. A recent record that bears no resemblence to the past performance and even what they post as a success, it's highly inflated and totally dependent upon you watching every move and having luck to be on course. I have since quit. I am now waiting for my funds to be returned....wait, wait, wait! (I will let you know). If this isn't a scam it's a near neighbour of one. STAY CLEAR!

BAD: Read why!

I have a one year subscription to Greenlight forex (now G8Forex since 8/2009. At least theoretically they were doing good until Oct. 2009 when I think they changed hands and perhaps their technical staff. They no longer produce even theoretically good results.

Several problems: Their signals are posted on the web site about 5 minutes later than they claim to have generated the signal. I have a web page change alert set up, so the second it changes it alerts me. Look at the time they stamped on the posting, it is about 5 minutes or more off from the actual clock time but the trade price belongs to the stamped time not the current time. So, I don't know if they are just posting it as a signal "after the fact" or not. The Email and SMS notification is even worse. Those notifications have ranged from 5 minutes to several hours late on both. They blamed it on email traffic but i know it is not true. They do not give an exit price but in their record there is always an intraday profitable exit. If the price went in their direction and then turned around and closed in the opposite direction you can be sure they will still show a profit for the trade. They will only show a loss if the price did not go in their direction at all, in which case they cannot even claim that they exited at break even price. I tried to trade their signals but it was difficult and i am good with forex trading.

Biggest problem: they don't answer your mail. Even as a subscriber, they are extremely poor in responding, most of the time they don't even acknowlege your query.

Two weeks ago I asked them the following questions: Since there is severe deterioration in the performance of your system, Is your company ownership changed? Are the people resposible for generating signals changed? Is the system itself changed? The answer I got from them was just one line "hang in there". So I asked for a refund of remaining subscription, not the entire subscription. Two weeks later I am still waiting for a reply.

Looks like they have changed their company name to G8Forex.com. I cancelled my membership in November , and they are still taking money from my credit card. My bank will recover the monies so thats ok.
Also, I tested the system for 2 months, but found the signals to be too late and the actually figures stated on the website are not true.

this site is the best i have found yet the signals are correct more times than not but you have to trade them as soon as you get them
i have found that i am doing pretty well with this system. if you dont have system like this with experts helping you to control your fear and greed its almost impossible to win with forex. i think this system is very good so far....

Looking to open an account with them, At first looks too good to be true.I like the idea of a message to my mobile but requires $1200 for the year.Mixed messages here. Some like it, others say that the signal cannot be traded.I am now confused.

i saw the ad on cnbc and tried the system in the first week i made more money that i did all last year I have only been using them for 6 weeks now but they give two sets of signals during the day and so far they are spot on.....i just up graded to the anuual sub scription and they refunded back to me my prior months fees.
I find this site to be a money maker and recommend to anyone

I tried these guys out for a couple weeks and decided to get my money back. Some of my concerns were that the signals were too late. Usually the trade was already moving by the time the signal was posted. The trades that were waiting to enter looked like they were just pulled out of a hat. On one trade they reported a 80 limit and it went up 50 pips and quickly turned around and resulted in a loss. When they reported the results, they stated that it made a 50 pip gain. It is easy to look after the fact and claim to have gotten out at the high. There was not interaction from these guys. However, they did process my refund request very timely. It is very common to have two parallel pairs trade heading in the same direction. They should pick the more probable trade then basically have two duplicate trades.
In summary, during my two week period, I netted about 40 PIP's even through their results stated they were up hundreds. Since I was not confident to really start putting any money to their signals, I did not see any purpose of wasting my time and money. Maybe this service will work for some people if they can find a way to get in earlier but I did not see it worth $129 a month.

I saw an advertisement on CNBC. If it walks like a duck, quacks like a duck, most likely it is a duck. This has the making of a scam written all over it. Here is what I have noticed so far.

1. On the website it claims to be the world's most accurate forex forecasting service. There is however no independent audit to confirm this
2. It claims to have a world wide team of experts but there is no mention of who they are or what their credentials might be.
3. It gives the impression of being a large organization however a google earth search of the address clearly shows it is being operated from a home address.
4. The site contains spelling errors and grammar errors which mean nothing other than another sign of lack of professionalism.
5. I note the previous post stating bad service and a bad experience.
6. The trading figures have no date and time stamp so it is impossible to verify them as being true. Even if the date and time stamps were provided these figures could have been fudged as we have no way of proving the signals were issued prior to the results.

When you look at all of this information it does take on duck like qualities. Be careful.

Just cancelled my subscription with Greenlight- with them for 1 month- by the time signals received (approx 830am est) it was too late as price had already moved beyond their reccomended entry parameters- their support is really bad with very late if any response when you try to get help- cannot recommend; bad experience-