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Midnight Forex and FX-sms

Posted on 27. Aug, 2009 by in Random Noise, scam, Uncategorized

Midnight Forex is a Forex signal provider and they have been around for some time now. For a long period they were getting very good reviews both over at FX-Review forum and ForexPeaceArmy. Their service was rather expensive, but as they were delivering good signals, apparently their subscribers were willing to pay up. The signals they sent out were pretty much set and forget, delivered everyday around midnight GMT. Then some month ago, things started turning around, and the profitable consistency of their signals started to fade. One of the creators of Midnight Forex, called Eric, started to send out email to all the members about the lack of good results. Everyone was told that they were working on a new and improved system which would be ready within a short period. I am not sure if they actually did change the system, but nonetheless, things have only been going downhill ever since. If you look at the latest reviews over at ForexPeaceArmy and FX-Review Forum, you will see that there are a lot of unsatisfied customers. If you go to Midnight Forex’s homepage you will see they have shut down their service (preliminary I suppose that is), hence they are currently not taking any new members. Then a few days ago, I get an email from a new signal provider called FX-sms. I went to their homepage to check things out. There is not a lot of information, but they state to have made some 10000 pips since the beginning of 2009, of course without any track record of any kind. The price for their service is a whopping $399 a month! Shortly after I go to visit FX-Review Forum, where one of the members has just made a thread about FX-sms. I suggest you go over and check out the thread here. In this thread, one guy mentions that there are several similarities between FX-Sms and Midnight Forex, PayPal address among others. I am not saying that it is the same people behind both services, but I would definitely wait for some honest reviews of FX-Sms before signing up. There are a lot of scammers in this business, and $400 is a lot of money! If any of you guys had any experience with Midnight Forex or FX-Sms, please feel free to share your thoughts.

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4 Responses to “Midnight Forex and FX-sms”

  1. CB says:
    October 5, 2009 at 04:50
    FX-SMS (www.fx-sms.com) is one of the top signals services, if not the number one!! I am follower of their signals for over 6 months, and their never lie a trade or a result, they have some amazing good results of over + 1400 pips trading just one pair, (over +10,000 pips this year!!). I am not affiliated with them, but I am making thousands of pips in profits and i wanted to share my experience with all, because I know most of the signals providers are scams, and most of the reviews and attacks are scams also! I cant comment about Midnight because I never trade with them, but I strongly recommend fx-sms, you dont need to believe me, you can follow their trades at mt4.stats, a third party publisher of mt4 that can be not manipulated!
    COMMENT  
  2. admin says:
    October 6, 2009 at 21:03
    CB,

    I am not stating that FX-SMS are scammers; I was simply referring to some interesting points in the thread over at FX Reviews forum. Midnight was also profitable for a long period by all of this sudden they seemed to disappear. The same thing can happen with FX-SMS. $400 a month is some price to pay, so if there is any kind of warning, I think it is fair to say that people should reconsider before signing up. Furthermore, when their site was launched, they already had a “past performance” section, but there would be no possible way to validate these claims. In addition to this, your statement is somewhat of an oxymoron, but I agree that there are a lot of fake reviews floating around, in order to promote other business. However, adding a performance page showing results from month before the page was online does seem … well wrong. I don’t know about the PayPal aspect as I did not check it, but if it is true, is sure is one hell of a red flag!

    But hey, it’s good that you are a happy customer and making thousands of pips. Feel free to share more information, as I am sure my readers would like to know more. Thank you for your comment.

    COMMENT  
  3. Bod Riley says:
    February 18, 2010 at 13:21
    I would love to spend 24/7 just finding the relation between one scam and another. Honestly, the same group of scam artists keep coming back, over and over again, because, the internet buzz can never keep up with all the new sites popping up daily. And, as more newbies enter a new territory, they will have to burned a few times, before the buzz gets out and by then, another website popped up with another name. So once fx sms fails, I am sure that another domain is already to go!.
    COMMENT  
  4. MidnightForex – MetasignalForex – Vsasignal says:
    March 29, 2010 at 07:57
    [...] on 29. Mar, 2010 by Bryan in Random Noise, scam I have written about MidnightForex before, and how they suddenly disappeared after a couple of losing months. Now they are back again, [...]
    COMMENT  

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