FX Pip Capital 

Category: Forex Signal Reviews
http://www.fxpipcapital.com
Average user rating from: 22 user(s)

Signal Rating
3.9
 
FX Pip Capital

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Company response
We (John and Mike) would like to welcome everyone to our service. We have read the reviews and most are positive and in response to any negativity we certainly value your opinion as suggestions to improve our service, as our members would verify, with open arms. We built this service for our customers, and will constantly look to them for suggestions to help us develop the most beneficial service available. Our service was started January of 2008, and every one of our real members will verify we report our exact result to the pip. We never claimed to be giving signals for years and we state this in our FAQ and performance section. I will tell you what we do claim: We claim to have 20 plus years of combined experience working for the world's most reputable trading firms. We claim to run our business to the highest degree of ethical and moral standards. We claim to manage millions of dollars personally. We claim that if you try us for 30 days and are dissatisfied you receive a refund no questions asked. We claim to be an easy set and forget system easily mimicked by our members. We claim to report our performance to the exact pip. We claim we will be the best online service available to the retail market. Pathetic scam artists should fear our site because we are everything we claim and state. We will be the most successful group of retail Forex Traders, and it will be a privilege to be a member of our community.
User reviews
SCAM
Saturday, 26 July 2008

Written by Boris sama'toe from USA

I subscribed to this company and lost a lot of money in my first week, i did not bother asking for my $50 back , since it would not matter because i lost a few thousand taking there trade alerts. this is another disappointing signal service. i tried to save money and when with a cheap un-proven trading company. and i paid dearly for it. also they are leaving fake reviews about them self on the review forums out there like peace army and a few others i found this video that catches them red handed making fake reviews. this company is a big liar and not to be trusted !

http://www.youtube.com/watch?v=evxiOt3GM3s

thank you forex justics for allowing the consumer to fight forex signal frauds
SCAM
Sunday, 29 June 2008

Written by exmember from USA

This company is run by amateurs, they dropped the price from $200 to $50! but its not even worth that much.. you could not give this stuff away for free. its worthless in the long run. you will just turn over money and eventually be broke following this person at fxpipcapital. i saw a warning video about them but tried them out anyway my stupid mistake.! i hope this is an honest review site and you post this up. so i'm going to record this submission i see other traders are doing the same thing to see if a review site is bias or not and has a secret agenda. i will check back soon to see if this post makes it !
Wednesday, 04 June 2008

Written by Vicotor and Linda from USA

We have been with Mike for two months and the service is great. The new trade room seems to be doing well also. Last night we banked 200 pips on the quant signals and another 40 pips in the trade room. Our account is very happy for the first time since we started trading!
Wednesday, 28 May 2008

Written by Michael Reimer from USA

I have done very well. I follow Mike to the letter. Do not deviate from what he tells you and you will be very happy. It's also extremely easy b/c I just log in once at the same time every day. That's it. I've been a member for 3 months and have really done well overall. I am very happy with this service and highly recommend it. You make money and you learn a ton!
SCAM
Tuesday, 20 May 2008

Written by client14 from USA

This fx pip capital is a scam ! they have large draw downs and BIG STOP OUT's and they do not report there profit loss correctly !!! they people that posted the reviews below must be FAKE there is no way you can make money from these traders ! NOWAY! plus they say use the system over time ! thats hard to believe because this alert service started in January of 2008 and has a fake trading history. these people cannot be trusted!!!!
Wednesday, 07 May 2008

Written by  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it from USA

I am personally up over 900 pips in two months following Mike's signals. He has been very professional and probably the most honest group I have found on the net yet. My subscription recently expired b/c I have to travel for work overseas but I will be a member the second I am back. Very impressed.
Monday, 28 April 2008

Written by Brendon from USA

I have been with the service since February. Mike has been incremental in my progress of learning and comfort as a trader. I probably email him every other day asking questions. My account is up about 30 percent since I began. They did have a large drawdown, but it was handled professionally and they kept my nerves cool and thankfully we are coming out of the drawdown. Someone mentions all these trades against them? They fail to mention the EURCAD short which I am 300 pips in the money on right now and that during the drawdown they had a number of winners that offset how bad our initial EURCAD trade was. I truly believe they are the most ethical service I have found. I will be with them for a long time and can't thank them enough for their service.
Tuesday, 11 March 2008

Written by Brian Dale from Australia

I once read that there was such a thing as scam reviewers but up until now i wasn't sure that they actually existed. Well having just read the (without justification) negative reviews regarding this service I'm now a converted believer. Listen I'm all for people having their own opinion but surely any criticism must be justified.

OK cards on the table. I have only been a subscriber for a few weeks now but can confirm that these guys are the real deal. I do trade my own system but I'm never going to turn down the chance to add more pips to my trading account, particularly if the signals are easy to follow. By easy I should say convenient as the signals are always given and only amended during a set time of the day. I am very skeptical with regards to most signal providers and up to now have only found one other signal service worthy of my money. I'm happy to say that i will now be adding these guys to my trading repertoire and look forward to following along with them. Their website and service may be relatively new but their experience with trading the Forex markets is not.

My only advice to people looking at following these signals is that they at least try to learn how the markets work and why drawdowns occur. If you get scared if a trade goes 50 pips+ against you then go look elsewhere. Maybe go and learn one of the hundreds of different systems out there, use stop losses and then, more than likely, end up losing your money like most people do.

If you would like to trade like the big institutions and banks do then just follow these guys. They are working hard on the education side of things and whilst they will not (for obvious reasons) divulge all of their trading secrets what you will learn will be worth it.

These guys are definitely NOT scam artists.
Wednesday, 05 March 2008

Written by Don from USA

FXPipCapital is, without question, the best FOREX signal service I have found (and I've looked at a bunch of them over the last few months). I say this for three reasons:

1) The signals are very easy to follow. You only need to log in to the web site or check your email once a day (11PM EST). Each new signal is clearly specified and open trades are modified as necessary.

2) There is only one target price for each trade. You should be able to very closely match the results published by the service. All the other services I looked at have two or three target prices. You can bet your last dollar that the performance numbers they publish will reflect which ever target the price happened to hit. Since you can't possibly know how far price will move, you would either have to scale out of your position or just settle for the first target. Either way, the number of pips they state in their performance won't have much to do with the profits you will actually make trading their signals. I even saw one service that specifically recommended that you only try to get part or all of the first target even though they publish two targets so their performance numbers will be completely bogus.

3) FXPipCapital gives you the exact number of lots you should trade for each signal based on your account size. If you follow their recommendation you will at least have a reasonable chance of not blowing up your account and you can look at their performance numbers and calculate EXACTLY how much profit you would have made if you had traded the signal.

I can't verify FXPipCapital's performance numbers prior to February (although they do show a live account statement from InterbankFX for 2007 showing a $10,000 account increasing to over $110,000). I can verify the numbers for February (wherein you would have made a 24% profit on your account) and the numbers are accurate down to the last pip and anyone following the siganls and using their money management would have gotten the same results.

I have no idea how profitable this service will be in the future (and that goes for all services) but if you are looking for a signal service that is ridiculously easy to follow, has a great performance record that you can duplicate to the pip, and is run with the highest honesty and integrity, look no further.
Tuesday, 04 March 2008

Written by Steph from Canada

I am a recent member, currently on the free trial, and I can tell you that I will continue to be a customer for a long time to follow. I am very happy with the personal customer support that I have received, and I look forward to those 11pm emails every night. I understand that you can't win them all, but I can tell you that I have recouped my losses I incurred while using another program and I am now in the plus! I am very grateful for all the work and effort that you guys put forth. Thanks!

Steph
Canada
Tuesday, 04 March 2008

Written by ken t. from USA

i have been a member of fxpipcapital for about a week now and here is what i have found
1.. easy to follow signals simple buy and sell where you are able to get in at the same price and exit at the same price as the recommendation. all my trades thus far have been winners.
2.. trades are documented in member section and check out accurately against their performance, no misleading performance.
3.. both mike and john seem to be knowledgeable with 20 years experience combined. emails are responded to quickly. i believe they do want to help the average trader become a better trader as they have webinars they are in process of scheduling and also sms email notifications.
4.. they also discuss money management and potential drawdowns. they themselves do not claim to be right all the time and recommend strict money management as drawdowns with any system and or recommendations are inevitable.
5.. i personally am glad that they have developed the site and plan to be a member for a very long time.
6.. they also provide a 30 day money back guarantee
7.. all in all my opinion is 5 stars would be higher but 5 is the limit here
SCAM
Monday, 03 March 2008

Written by Danny from USA

Hey Oswald, great review. Got me thinking so I checked their whois data:

Domain Name: FXPIPCAPITAL.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Name Server: NS07.DOMAINCONTROL.COM
Name Server: NS08.DOMAINCONTROL.COM
Status: clientDeleteProhibited
Status: clientRenewProhibited
Status: clientTransferProhibited
Status: clientUpdateProhibited
Updated Date: 11-jan-2008
Creation Date: 11-jan-2008
Expiration Date: 11-jan-2010

Their site is only 8 weeks old and they are supposed to be an established forex signal co.? Yeah right. Mostly likely another fly-by-night scammer. Treat this site with extreme caution.
Monday, 03 March 2008

Written by Oswald D from USA

Don't trust these rosey reviews - must be submitted by Mike himself. A new service that is not a scam but performance is total b.s.
Monday, 03 March 2008

Written by Tom McCarty from USA

All around very very impressive
Monday, 03 March 2008

Written by Jeff from USA

Truly the best service I have found. Easy to follow signals with exact take profits or stop losses and I only have to log in once a day. I personally made 700 pips last month. Very Impressed! Keep it up.
Friday, 22 February 2008

Written by Justin O. from USA

I am newer to the Forex world yet have been trading for five years. I am extremely impressed with their service and love the fact that I can easily copy their trades. Their reporting is honest and exactly what I have been returning and they use a retail broker to report which is nice because other services I have been with usually get 3-4 pips better than me on trades. I am so excited about this site and will easily get it a five stars. Six if I could.
Tuesday, 19 February 2008

Written by Rashad from Bahamas

Again like the rest of the comments, I am so impressed with how fast Mike gets back to you. I have been a member for a little while and am up 300 pips. They run a professional service and I truly believe these guys are 100% ethical and honest in how they run their business. I am extremely pleased.
Monday, 18 February 2008

Written by Pipmaster from USA

I think its a great service. Its an easy system to follow for newer traders and Mike's response time to all of my questions has been amazing. I feel much more confident as a trader having professionals behind me and there to answer questions or give me advice. They have a 30 day free trial, definitely worth trying it.
Sunday, 17 February 2008

Written by paradoxical from USA

This is a set and forget system where the recommendations come at 8:00 PM Pacific Standard time, which is ideal for me. These are traders that are giving the signals, and you can sense they know what they're talking about from their emails. Just started, but signals have been very good, and the results they post match what I got. I've subscribed to many a paid and free advisory service, and found problems with all of them. From either lying about their results, or curiously having very bad drawdowns almost as soon as I happened to join. The record they post is what they say is from real trading, and it does appear it is. I say "appears" because I think some other services post phoney "real-time" trading records, but I believe their posted record here is really from real live trading. Don't ever be taken in by services that use back tested results.
Friday, 08 February 2008

Written by Matt Frank from USA

Just signed up and made my first 100 pips last night. I am excited and love the fact that its a set and forget type trade which is easier for me to follow due to work.
Pipseeker
Thursday, 07 February 2008

Written by Mark Houston from USA

I just signed up for the 30 day free trail. There performance looks great and I am excited to make some pips! Its nice to be at a site with actual traders to help me out.
Sunday, 03 February 2008

Written by Eric A. from USA

Mike was my trainer at our equity firm in Chicago. I learned from him and traded along side of him for over two years. His focus and discipline and advanced knowledge of global markets are unparalleled to anything I have ever seen. When he first told me of this site, I thought it was a joke that he was giving the signals for the price he was.


 
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