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FXRenew

www.fxrenew.com/..
Category: Brokers
FX Renew is the industry leader in offering real, reliable guidance and training to serious forex traders with our forex signal service. FX Renew also offers a cutting edge forex trading platform with no dealing desk. You’ve heard the expression “those who can’t do, teach.” While this is too often the case, we truly are professional traders; making us a unique forex company.
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They are no longer a broker, offer signals & education
I found them via a Google search for "trading signals". Like many (I think?) I've tried to tame the markets myself and have had much difficulty. So I decided to get help.

They offer trading signals but there's much more than just that, depending on what you want. I was interested in learning the game as well and I enrolled into their "Workshop", watched their on demand videos with professional traders and I there's value in that.

Their signals have been so-so...they're going through a rough patch but their historical performance has been strong so I'm sticking with them for the time being. They offer 1 weekly signal and multiple day trades if/when possible.

They are very approachable and have always answered my emails within 1 day.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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One of the best.
I have never dealt with a forex company that is so easy to get a hold of. When I needed help funding my account I never had to wait for any response. I called them and had an English speaking, friendly person actually assist me. I was amazed. I have been with them ever since. I really enjoy the market updates and signals they give me. I only wish they had more live trading sessions.

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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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Honest and good service
For $30 a month I was able to go through the trial of their service. They are a forex broker, but what really amazed me is their commitment to earn their clients' business, trying to help you stay profitable, and therefore remain with them.

They offer you trade alerts on the major pairs, and also they offer two live trading sessions per week. The live trading session is conducted via audio and video but there is also a chat component for clients to ask questions/ share ideas etc.

At first I didnt find reviews of these guys anywhere so I tried them myself. They dont post track records of their alerts service on their site due to CFTC regulations. So I kept a track record myself throughout the month. 13 winners, 7 losers, 3 breakevens, and an overall balance of 697 positive pips. Of course this doesnt need to be the case every month, and I bet they have their bad months two as they recognize it themselves. But you get an idea. Afterwards a friend of mine went through the trial and told me they won 6 trades, lost 5, and were around 100 pips positive in the month, with very low activity.

They are definitely honest and in my mind, probably the only regulated signal provider that I have known of in my life. These alone speaks tons about their wilingness to be separated from the rest of the pack of forex brokers.

On the Cons side, I got to use their custom trading station, which is not metatrader, and didnt find it really responsive, also it was a bit confusing for me.

Keep in mind they are a US regulated broker, so if you use them as your broker, you wont be able to do hedging (buy and sell the same currency pair at the same time) and you are also subject to the FIFO rule (First in First out) so if you trade for example EURUSD, and a few hours/days later you add another position on EURUSD, in order to close everything, the oldest position will need to be closed first.

Some people might also find a 50:1 maximum leverage not good enough. But I think is enough, and less risky.

Their spreads are as competitive as those from other very well known brokers, ranging around 1 to 2 pips on the majors.

Good service overall, honest regulated forex broker. They do a lot to earn your business. Trading station, still lacking a lot in my opinion.

By the way you can pay for their alerts service and live trading sessions alone and benefit from those services without having to have an account in their brokerage firm.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Not that good a value
I am changing the value from 4 to 2 since my last review I decided to go past the trial subscription and start trading off their signals. The first clue I didn't like was that no matter what they always made 3 trades a week, that too me looked like forcing plays in order to keep clients happy. But sometimes, if there is no trade set up, there just isn't.

The other thing I disliked is that they were just too technical on their plays, apparently playing without being aware of the market environment, or fundamental news that in the end affected almost all their plays. In the last month, according to my personal record they won 2 trades and lost 12. You could have lost your ass in that period if you didnt apply good money management principles!

This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
Henriksantander Toronto, ON

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Displaying 1-3 of 3 Total Reviews
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