Forexero - Forex Signals Telegram Channel Review: A Suspicious Free Signals Provider

When it comes to free forex signals on Telegram, traders must be cautious and conduct their due diligence research before they can trust any channel. Forexero - Forex Signals, which has over 53,000 subscribers on Telegram, raises some red flags that make it a low-trust and suspicious option for traders who seek legitimate trading signals. Here, we examine the most critical points regarding this channel and why it is not a trustworthy source of forex signals.

Channel link - https://t.me/forexero

Key Details of Forexero - Forex Signals Telegram Channel

Feature	Details
Channel Creation Date	August 9, 2022
Subscribers	53,151
Posts Per Day	3 on average (inconsistent; some days have no posts)
Views Per Post	~12,000 (indicates real subscribers)
Main Content	1-2 daily free forex and gold signals, VIP group ads, no chart analysis
Free Signals Provided	Yes
Paid Services	VIP gold and forex signals
Winning Rate	28% (based on backtesting)
Trading Sessions	London and New York sessions
Free Education	No
VIP Subscription Bot	No

Why Forexero - Forex Signals is a Suspicious Channel - Real Review

Low Winning Rate (28%)

The channel's free signals have a winning rate of just 28%, according to backtesting results. This is far worse than the industry standard and suggests that the signals are not trustworthy. Traders using the signals are more likely to lose money than gain.

Lack of Transparency

Forexero provides no chart analysis or proof of live trading accounts. The signals are backed up by screenshots of MetaTrader 4 profits, but it is not indicated if the screenshots are indeed from live trading accounts. This omission is a significant warning sign.

Inconsistent Posting and Updates

The channel posts an average of 3 times a day, but there are some days when there are no posts whatsoever. Also, on running signals, updates are provided only when the price moves in the desired direction. This selective updating creates a biased view of the channel's performance.

Heavy Focus on VIP Ads

Though the channel offers free signals, it seems to be more focused on promoting its VIP signals group. This raises doubts over the quality of the free signals, which might be just a promotional tool for acquiring paying subscribers.

No Free Education or Extra Resources

Forexero does not provide any educational content or resources to help traders improve their trading. This is generally a sign of a channel more interested in monetization rather than helping their subscribers.

Entry Levels Differ from Spot Price

The entry prices provided in the signals are usually far away from the current spot price, and thus it becomes impossible for the traders to enter the trades as suggested. This further reduces the usability and usefulness of the signals.

3/10 TRUST SCORE

Conclusion: Proceed with Caution

Forexero - Forex Signals is a low-trust Telegram channel that does not provide transparent, consistent, and reliable trading signals. With a win percentage of just 28%, no proof of real trading results, and an almost exclusive focus on promoting paid services, this channel appears to be more interested in monetization than in delivering value to its subscribers.

For traders who seek free forex signals on Telegram, it is crucial to choose channels that offer transparency, consistency in performance, and education. Forexero does not meet these needs, thus making it a dubious option for beginner and professional traders.