Signal Start Review: I am a trader & signal provider to Signal Start owned by MyFXbook.com. I have ranked No 1. No 6. and anything down to 45 Globally. I used Signal Start as a medium for others to follow me and subscribe to copy my trades. In under 7 months, I generated 323% capital growth with less than 23% drawdown with real ?10K deposits. I did 1,167 trades. When I went to extract the money I had generated in subscriptions of $4582 from their subscribers; they only approved $580. All the earning have gone!! Now you would expect an explanation, Their words were as below:
SignalStart is a monthly subscription service which means signal followers expect to get a full month of trades (according to the signal provider's past history and trading style/consistency). If you stop trading for a period of time that is not consistent with your regular trading activity (such as trading almost every day and suddenly missing a full week), commissions are partially canceled for the non-trading period and subscribers are eligible for a refund for said period when you make a withdrawal request.
This business model is a scam and puts traders in control of your funds to make unrealistic trading decisions. As A Trader, I will extract my skill from here. As A subscriber, I would not risk my money here or be happy knowing my account is traded for the retention of their subscription income and not profit.
What would you pay me to give you 323% return in under 7 months and only 23% Drawdown? My Accounts don't Blow! If I don't trade here, What sort of traders are prepared to do so?? You can do it at your peril, I am disgusted! I wont stop here either. Israel here I come. I recommend Charging Back all of your fees.
Updated 11-03-2022 Everything is making sense now. Having read all of the reports of bad experiences I can see why. It takes time for a trader like me to build up their subscribers and the extraction fees makes you think as a trader to wait till you have a descent amount of money before you take out your subscriptions earnings. So by the time you have traded 5 to 6 months here the values to extract are worth while mine was $4582. I had 46 Subscribers $1m in copy funds. When I could not take the value I had made in subscriptions I was royally pissed off. On this bases alone I have two options put up and forget and leave or leave with such a bang that I will destroy all the earnings I have made for the subscribers. Remember we are traders, we know how to make money, its easy for us. So to blow an account to prove our point is painless and it starts to impact upon the reputation of Signal Start. When you realise Signal Start are steeling from the mouths that feed them it makes no sense! What a Fuster Cluck!!! MyFXBook are one of the same.
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Signal Start Review: In signal start you can only view the crafted results, system show a nice result that is not real. I do not recommend this site, I have used several signal providers that are available for signalstart.com
Signal Start Review: Service Signal Start, charge a bit expensive and signal not very good.
Signal Start Review: An interesting idea for the service, Signal Start provide a place where others add their signals, service charges its fees, the problem is that I tested it with several signal providers and there is nothing good, only waste of time for searching.
Statistics looks good, but in reality positions based on those signals are having big DD or are not being closed for a few days ...and open dozen positions on one pair...
Signal Start Review: NOT RECOMMENDED
Signal Amazing Euro opened a 7.19 lot on a 2k account and in 3hrs lost 1.6k, 75% of account
No professional Stop losses
No corresponding signal in Amazing Euros account
SIGNAL START yet to respond to my questions
Amazing euro still showing regular profits every month over 100%, correspondingly my account is less than 2%, until this month and i'm 70% down and signal is 150% up, how is that possible
Their performance is simply fraudulent and SIGNAL START allows this. STAY AWAY!