Terrible Performance
I joined them in September 2012, since then I stopped live trading with them after 3 weeks as it became clear that there were more losers than winners, it is not safe to do anything other than paper trade. The recommendations have a very poor ratio, usually 1:1 but because they move their take profits in most cases, that ratio becomes null and void. They let the losing trades go to stop and close winners early. Some trades are little more than scalping, in 1 case a mere 22 pips. By the time the trade is signalled there is often little chance of getting in at the recommended price. They do not trade at all on Mondays but often send a trade late on a Friday meaning you have to hold it over the weekend increasing your chance of losing the trade due to gapping. They do not even trade with the company's real money, which to me says if the company doesn't trust their own traders why should you. The trades posted do not tell the real story, sure they look like winners but they are winners because they move the target, if they left the trades to run to TP there would be more losers. "Fat Prophets is unique for our dedication to transparency and accountability. Every closed trade recommendation that Fat Prophets has ever made is available for you to review. Whether we have won or lost, "
The reports on the website do not state the real picture, ie they do not state when the original take profit price was set therefore one cannot see the true picture of how many times trades were either cancelled or the take profit moved. If you ask for a refund you will be kept waiting for the statutory 8 weeks and get fobbed off time and time again, you will be extremely lucky to get a refund. My advice is save your money, start with Babypips and go learn how to trade yourself. Never follow blindly another person's recommendations