SetupsFX_ SMC|ICT Reviews: A Forex Signals Telegram Channel Scam Exposed

The forex trading scene is awash with Telegram channels promising easy profits, and SetupsFX_ SMC|ICT is one of the more concerning examples. Our detailed review reveals a channel that exhibits all the classic warning signs of a dodgy operation - from fabricated metrics to dangerously misleading trading advice.

Channel Overview

Telegram Channel Link - https://t.me/swingtradersfx07

Key Findings About SetupsFX_ SMC|ICT

Category	Details
Launch Date	29 January 2025 (Very new, unproven track record)
Subscribers	16,253 (but only ~1,700 views per post – likely fake subscribers)
Post Frequency	6-7 posts per day (low engagement for its size)
Free Signals	2 vague forecasts daily (unclear analysis, no exact entry/SL/TP)
Win Rate (Backtested)	Only 15% accuracy (extremely poor performance)
Paid Services	VIP groups for Forex, Gold, Crypto (no transparency)
Real Person Behind?	No – anonymous, no face, no trading history

The Illusion of Popularity

At face value, the channel's 16,253 subscribers appear promising. However, this facade is easily dispelled when examining actual engagement. At an average of a mere 1,700 views per post, we're left with the abysmal 10% engagement rate - far below the 30-70% mark of legitimate trading communities. This glaring discrepancy is extremely indicative of the use of purchased bot subscribers, a common technique for scam operations to build false credibility.

Worse still is the way this inflated artificiality misleads novice traders. The subscriber count serves as social proof, which causes the unsuspecting to believe they have found an authority. In reality, the fact that there's zero engagement serves to suggest most "subscribers" are dormant, if not outright fake.

The Risk of Low-Quality Signals

The trade signals of this channel aren't just ineffective - they're actively hazardous to the accounts of its followers. Our rigorous backtesting revealed:

• An abysmally low 15% level of accuracy on their free signals

• Complete absence of decent risk management parameters

• Unrealistic price predictions on a daily basis with no technical justification

• Vague, template-like analysis with no substance whatsoever

These findings are particularly disturbing when we remember that random chance would tend to achieve about 50% accuracy in anunbiased market environment. Not only is the 15% success rate poor - it's statistically worse than a coin flip. Traders who follow these signals would be statistically guaranteed to lose money over time.

The Anonymity Red Flag

Most concerning, perhaps, is the complete lack of transparency regarding who operates this channel. In an industry where trust and accountability mean everything, SetupsFX_ SMC|ICT provides:

• No verifiable trader profiles

  
  

• No YouTube or professional social media presence

• No MyFxBook or FX Blue performance verification

• No face or real name behind the operation

This anonymity is not just unorthodox - it's a gigantic red flag. Serious trading educators understand how vital it is to establish credibility through provable track records and professional profiles. The fact that this channel has decided to remain anonymous in this space strongly suggests an intent to dodge accountability when traders, inevitably, lose money by utilizing these signals.

Predatory Monetization Strategies

Despite the easily verifiable subpar performance of its free signals, the channel actively markets three paid VIP services:

• Forex VIP

• Gold VIP

• Crypto VIP

The pricing structure in itself is questionable, with no logical explanation for the huge variations in service prices. More troubling is the complete absence of:

• Verified proof of performance

• Free trial offers

• Money-back guarantees

• Actual user testimonials

This business model follows the classic scam playbook - use inflated subscriber figures to create artificial credibility, provide knowingly poor free forecasts to enable the paid service to look better by comparison, then fleece traders willing to "upgrade" to the supposedly better-performing VIP service.

The Bigger Picture: Why This Matters

Channels like SetupsFX_ SMC|ICT don't just provide bad advice - they are actively harming the trading community by:

• Damaging trust in honest signal providers

• Encouraging hazardous trading habits

• Preying on inexperienced traders

• Assisting in the normalization of scamming activity

The forex market is challenging enough to navigate without having to sort through these predatory accounts. Our review suggests this channel exists more to drain money from traders than to provide genuine value.

Protecting Yourself from Similar Scams

In line with our findings, we recommend traders:

• Regularly screen subscriber engagement levels (views vs. subscriber count)

• Require clear performance reporting (MyFxBook, etc.)

• Demand clear risk management in each signal

• Avoid anonymous operators

• Be wary of aggressive upsells to premium products

The presence of any one red flag would be a reason for caution, but SetupsFX_ SMC|ICT presents all of them simultaneously. In the high-risk world of forex trading, this type of risk is simply untenable.

2/10 TRUST SCORE

Final Assessment

After thorough research, we cannot in good conscience recommend SetupsFX_ SMC|ICT to any serious trader. The fact that they employ fictitious engagement metrics, dangerously inaccurate signals, complete operator anonymity, and predatory profit models clearly dictates a business that has more interest in making money than in trader success.

Traders deserve better than this. The forex community needs to require more from signal providers regarding transparency and accountability. Until SetupsFX_ SMC|ICT can provide verifiable proof of actual performance and operator legitimacy, we strongly suggest traders avoid this channel altogether.