Forex Mentor Pro teaches you their strategies and then hold your hand and show you step-by-step what trades we are going to make daily and why. 2-3 times a week they upload our trading ideas and a video explaining the current market to you through their eyes.
Whether you’re new to trading or are battling through the early stages of this hustle chances are that you’d perform better with just a little more help. Indeed, learning how to study charts and experiment with different indicators on your own can be daunting.
Fortunately, there’s a time-tested way to learn forex easily and that’s through mentorship. Forex Mentor Pro is just but one of the many credible platforms where you can meet up and interact from real mentors.
Today, we’d like to closely examine what this site provides and answer questions such as – is it legit? Is it worth subscribing to?
- About Forex Mentor Pro: An Overview
- What Makes FMP Different from Other Mentorship Platforms?
- Who This System Works Best For
- How It Works
- What Forex Mentor Pro Includes
- Final Thoughts
About Forex Mentor Pro: An Overview
According to their official website, Forex Mentor Pro (or simply FMP) is a platform that provides more than 5 decades of hands-on forex trading experience. The platform is controlled by 3 mentors:
- Marc Walton
- Pierre Du Plessis
- Rich Friesen
FMP was started in 2008 by Marc Walton with Pierre and Rich joining him later as partner and Trade Psychologist respectively.
Worth noting is that this platform is quite popular among beginner forex traders and generally people looking for rebounds following loss-making streaks.
The team behind FMP uploads fresh ideas 2 to 3 times a week. The alerts contain useful information meant to enable you make informed decisions – along with the do’s and don’ts.
Unfortunately, the platform doesn’t send SMS alerts. So, you need to be actively tracking the charts and frequently checking your emails so you’re not left behind when juicy details come in.
What Makes FMP Different from Other Mentorship Platforms?
FMP is unique in the sense that when you opt-in, you get access to 3 mentors. In other words, 3 gurus for the price of one.
All of them are real people and they’re based in the US. It’s easier to hold someone in the US accountable for the actions than say someone in an undisclosed location in a god-forsaken country.
We all need some level of re-assurance, you know!
Moving on swiftly, the platform isn’t wildly popular on mainstream or even social media. Its owners don’t seem interested in hype. They instead let their results speak for themselves.
And so far, a good number of their more than 10,500 past clients have been posting considerably good reviews about Forex Mentor Pro.
And on Twitter, their founder has a pretty decent community of 60,000+ followers.
Who This System Works Best For
Judging from the language used on their sales-letters and the kind of results they’ve posted so far, it’s safe to say this site targets two kinds of people.
Category one is made up of fresh beginners…that is, anybody who is just getting started and badly needs someone to hold their hand.
Besides that, the platform targets those who have tried and failed and are simply looking to recover their money and grow.
How It Works
It’s pretty simple actually. Once you opt in, you’ll access the company’s proprietary systems and learning materials.
Then twice or thrice a week, you’ll receive updates on which currency pairs to focus on and either buy or sell.
You can choose to be an independent trader under them. That is, you receive the updates from them but decide which ones to use and which ones to ignore.
Alternatively, you can request them to manage your accounts for you. That way, your job will be to keep track of the progress, you won’t need to lift a finger.
There’s an old saying that goes “The proof of the pudding is in the eating.” Proof, is an important factor to consider before you allow any other person to mentor you let alone manage your account.
So far, the results published on FMP’s official website indicate a 3 to 5% return rate per month. This sounds quite realistic and genuine to us.
If these guys were scammers, chances are that they’d be promising unrealistic results e.g. the possibility to double or even triple your money overnight. But that’s not the case here.
Again, 3% returns might seem too modest in a world where “mentors” promise bigger and better results.
But think of it this way, how many banks can give better returns than those per year? Even hedge funds, their controversies notwithstanding, rarely deliver such returns.
Think of Forex Mentor Pro as the platform you go to if you’re looking for a conservative approach to forex. Otherwise, if you’re looking to make an aggressive approach to currency trading, this might not be the best platform for you.
What Forex Mentor Pro Includes
If you download this system, you will enjoy unlimited access to the following.
1. 3 Powerful Systems
The three powerful forex systems associated with FMP are M2 Trading System, Earth & Sky System, and FMP Fotis 1hr Trigger System.
The M2 Trading system is the brainchild of Marc Walton himself. You’ll absolutely love this system if you prefer to only make a handful of trades per week.
Typically, Marc does his weekly analyses during the weekends (yup, when the markets are closed). So, as the week commences, you’ll be in a position to initiate trades. Another thing, it’s possible to use this system if you’re fond of using the 4-hour charts.
The other system, Earth & Sky, was created by Pierre in 2012. It is a variation of Marc’s M2 system and it works well on a variety of charts ranging from 4-hour charts all the way down to the 30-minute charts.
Unlike Marc, Pierre is a bit more proactive with his updates. He typically sends out communication even in the middle of the week.
And then lastly, there’s the FMP Fotis 1hr Trigger System. It’s a much more involving approach to trading and is, therefore, not quite popular especially currently as the FMP team seems to be prioritizing a conservative approach to trading.
2. Daily Video Analysis
Every day, the team behind this platform provides advanced video insights for all subscribers. The videos normally contain information about what the gurus are planning and helpful details on what they’re looking at with each one of their trading systems.
In our view, the updates are quite useful for anyone who wants to keep their fingers on the market pulse. Fortunately, you don’t need to keep up with all of them especially if you opt for the managed account option.
3. Step-by-Step Guidance
Everything from the very basics to the advanced forex trading stuff is covered in the step-by-step tutorials. We really like the fact that these step-by-step tutorials are designed in such a manner that you can learn them at your own pace.
Plus, weekly live training sessions are provided to ensure everyone is on the right track.
4. Proprietary Trading Software
At the heart of this platform is proprietary software that makes everything easier than ever before. What’s more, once you become a part of this family, you’ll enjoy constant access to the latest indicators and other trading tools.
If you’ve been trading for some time now, chances are that you know just how important it is to get the perfect indicators for the job.
5. Access to a Private Community
Although FMP doesn’t provide a popular chatroom, it does have a private community that entirely depends on interpersonal learning. Here you get to access weekly live training sessions as well. And the best part is that you can directly ask questions directly to Marc or Pierre.
Their private forum is quite well-moderated. So, you won’t have to worry about getting trolled. That said, it’s not as lively as most top-end forex forums (think of ForexFactory and the like).
6. High-Quality Support
There are only three words that can describe FMP’s quality of support – great, great, and great. These guys are awesome, they respond to your queries even when the markets are closed. Plus, if you’re lucky to become a lifetime member, they’ll organize for you to get a 60-minute call with a mentor.
Currently, there are two subscription plans being offered namely Monthly and Annual. The third plan is the lifetime bundle that is only availed from time to time.
The regular membership (monthly) sets you back a cool 47 bucks per month. In exchange you get all the awesome tools that FMP is known for.
The annual membership package is the most popular tier provided. It goes for $197 and you get all the tools you’d get under the monthly package plus priority support. Note that this plan is 65% cheaper than the monthly one.
And of course, there’s the lifetime access package that is only available to a lucky few. You might be lucky to get if you’re loyal and it goes for $397. Yup, that’s for lifetime access with priority support and 60-minute call with one of their three mentors.
- 30-day money back guarantee
- Professional customer support
- Reasonably priced
- Lively training sessions
- Realistic claims & expectation-setting
- Option for managed account exists
- No hype, just results
- 3 to 5% returns per month might be too modest for some traders
- Significant commission charged for profits earned through managed a/c
- No free trial available
We’d like to conclude this Forex Mentor Pro review by saying that, this is a suitable platform for anyone craving for a conservative approach to FX. Unfortunately, there’s no free trial available for now but you can take advantage of the current, iron-clad, 30-day money back guarantee.
But overall, this is definitely a service we’d recommend to our readers who are considering taking up currency trading.