Imperial FX Academy

Experts recommend that you stay away from such platforms or risk losing everything. It would be best if you did due diligence before signing up. That means looking for ways to confirm the platform’s legitimacy.

Try and find out from others regarding the platform. It will help you make a more insightful decision.

Advantages and Cons of Imperial FX

To understand a platform better, you need to know the pros and cons. So try and find out what makes a platform tick. That way, you can determine whether the platform is genuine or not. So here’s where we come in and highlight all the pros and cons of imperialfx.net.

Let’s take a closer look at the available features and what they bring to the table;

Academy

The academy is a school for investors and traders wanting to know more about forex trading. We have a platform that wants to limit trading to a selected few. The platform clearly wants to fool investors into paying for free material.

You can easily get the material you need on the platform. Make sure to peruse the web, and you can get the educational materials free of charge. The platform fails to bring in any new materials.

Instead of offering an online course style of teaching, the academy gives handouts. You have to download the material from the platform. There’s no interaction with the tutors as the platform wants to limit it.

And that means investors don’t have to ask any questions regarding the platform. You pay for information that you can get for free. That’s no way of claiming to offer legit forex mentorship services.

The platform claims to offer over 45 online videos which don’t actually belong to them. We see that most videos are from famous traders on the Youtube channel. After completing the course, the platform offers a certificate.

With the videos, you get trade examples and downloadable diagrams. Unfortunately, the platform doesn’t offer any graded quizzes as indicated. The certificate doesn’t mean anything, as members feel left out.

Ares Trading Algorithm

According to the platform, Ares is a high-performing automated trading algorithm. It operates off a high trading volume algorithm and offers rapid signals. In addition, the algorithm promises a hands-off approach and claims to have a proven track record.

You get a promise of making 10 to 20 percent guaranteed monthly returns. And that’s another red flag we must expose with the algorithm. No expert or robot can manage to guarantee profits.

With the market being volatile, the chances are that the algorithm is a fluke. There’s no way to predict market prices all the time accurately. So even experts incur losses while trading, even those who use algorithms.

Available signals

There are three classes of signals available on the platform. Each of these signals provides a different array of services to investors. However, most signals offer the same services with a few distinctive features.

The platform classifies signals into three categories, signals, trading algorithm, and academy. It’s actually a pricing model for the services offered by the platform. These include Signals going for $130 per month.

Trading academy goes for $747, and you only get to pay once. The services include the features indicated under the Ares trading algorithm. We suspect the algorithm is a rip-off of another forex program under a different name.

To join the academy, you have to pay $479. The academy promises to issue learners with a trading plan, trading rules, and several other features. One of the more notable features is risk management strategies.

You won’t get any risk management strategies as none of the 45 videos cover it. Members also fail to get advanced entry-type educational tutorials. So we have to expose the store and ensure no one else falls for it.

Are funds safe with Imperial FX?

No, your funds are far from safe from a platform that fails to offer any direct way of communication. The platform doesn’t have your interest at heart and will soon shut down.

Business owner Imperial FX

No one knows who owns or runs the platform. And this means we are dealing with a platform that fails to offer any meaningful services. Imperial FX is an anonymous crypto investment platform.

Please stay away from the platform or risk losing your entire deposit. There’s no telling what the owner intends to do with an anonymous platform. We suspect that the platform will shut down as fast as it opens shop.