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. Are they scam or legit? Continue reading our ToolsTrades.com review to find out.
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?
Table of Contents
Disturbing Things Found about Tools Trades(Toolstrades.com)
We found the following disturbing things about the Signals Binary:
Unregulated Brokers
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
Unverified results
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.
Review Verdict
Tools Trades is NOT reliable
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Conclusion
The Tools Trades 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
13-12-2021
Tools Trades does not exist at the given address. Check it out on Google Maps. They are SCAM /Criminal outfit which needs to be taken down by Cyber Crime and Law Enforcement Authorities. They recommend and work with fraudulent brokers!
This Article is Fake! and not correct!. 1. You can contact 24/7 on [email protected]
it is since 2012 – you can check the reference in the application when the app was created and uploaded. You do not need to be a company by only registering a domain. It’s only 15yo could write such an article!
2. The results are very much real showing also Losses when it happens, no one promises wins, The Signals System works as a Friend, and not blind copy paste.
BE advise there are 65% and higher success rate quarterly. In Commodity it reaches 75% and higher
3. The only broker that are recommended are – by the country and with :
CySEC (Cyprus Securities and Exchange Commission) which is based in Cyprus.
Australian Securities and Exchange Commission (ASIC),
Securities and Exchange Board of India (SEBI),
US Securities and Exchange Commission,
Financial Services Authority (FSA) UK
Autorité des marchés financiers (AMF) France. Regulatiom, FCA
4. No location, this is a free service , Due to COVID – offices are now around the world, the server is in UK and people working from home as support world wide covering 24 hours of service
5. This comment was print screened and recorded on VIDEO while it was published, if the comment will be deleted or not published, it will be published every where that itisreviews.com is a SCAM website