ToolsTrades Review: With the lots of scam signal services in the industry and complaints from disgruntled traders we decided to do a Tools Trades Scam Review. ToolsTrades.com is a signals service provider that send trade signals to its clients through SMS and mail.
Most times manual day traders rely on the services of signal providers to give them market quotes, the right strike time to enter and exit the market. A good signal service should have a high win-rate and good track records. Some services are offered for free while some are paid for. Free does not mean weak or low standard because the signal providers would get their compensations through commissions from the brokers they refer to you, Neither does paid signals connote quality service. Therefore, the most important thing remains, getting the right signal provider whether paid or free.
Tools Trades provides their services for free, and get there affiliate commission from the brokers they refer to you. Now the big question is. Are you going to profit from those trade signals they send you? Are the brokers legitimate or just a scam?
Disturbing Things Found about Tools Trades(Toolstrades.com)
We found the following disturbing things about the Signals Binary:
Most of the brokers ToolsTrades works with are NOT Licensed, that means they are not under any regulatory body that monitors their activities to ensure they stick to best practices. One of the major problem is withdrawal issues, You won’t be able to withdraw your money from these brokers. You can check out traders complaints of been scammed by one of the brokers Tools Trades work with in our DaxMarkets Review
The results they paste on their website cannot be verified. One of the scam tactics we have seen with some scam signals services we review, is faking of performance. Some of these services put up fake fabricated results on their websites to deceive unsuspecting traders. So its very pertinent to ask yourself if those results you are seeing are verifiable.
Tools Trades is NOT reliable
The ToolsTrades trading signals is not a reliable service, one of the reasons for this is that most of their brokers are unregulated and outright scams. Feel free to drop your thoughts in the comments section, if you have used their service.
Trading the financial market could be very profitable, only if you use legitimate softwares and tools. Run away from scams, they will lose your investments and leave you devastated. Only use systems recommended by our team of professionals.
Thanks for reading our review of Tools Trade signals service. Stay safe! Fight scammers