FX Childs Play Signals is the a signal service that can potentially multiply your account over and over again.
Forex Trading is probably the easiest way to make money in the current world. However, it’s worth noting that FX trading is a double-edged sword. There’s always a chance that your trades will end up in losses unless you make the right calls.
To initiate the right trades, you need to be getting the right signals. Talking about signals, this FX Childs Play Signals review sheds light on a program that has attracted love and hate in equal measure.
By the time we were compiling this article, the service had attracted 31 reviews on Forexpeacearmy and tens of honest user-feedback posts on Myfxbook.
For every 5-star rating, there was a 1-star rating. So, what’s the consensus? Is this program legit? It’s time to find out.
FX Childs Play Signals: An Overview
We’d like to start this section by talking about what FX Childs Play is NOT.
It is not a robot or an indicator. Likewise, it is not a training program or even a stock screener.
Instead, it is a copy-trade solution that has been around since 2013. If you subscribe to the service, you’ll have two choices.
Option 1 is to subscribe to receive signals. That way, you can initiate the trades yourself, implement your stop-loss and take-profit, etc.
Option 2 is to subscribe to the managed account service (PAMM). Although a bit pricey, the PAMM service will have the FX Child Play guru himself, a Mr. Farhan, trade on your behalf using his proprietary methods.
As you can imagine, Option 2 works best for anyone who desires to have a hands-off approach to trading.
How It Works
This is by no means a get-rich-quick scheme. In fact, even Farhan himself often makes trading decisions that end up in losses.
The good news is that after all the hassle, some of the calls he makes end up translating into insane profits thereby helping keep your account on the right track.
And just so your expectations are set right, Farhan is an aggressive trader. So, if you’re timid and cannot stomach loses from time to time, this might not be the best strategy for you.
But if you’re willing to enjoy the roller-coaster ride that is forex trading, this method will most likely appeal to you.
What to Expect
The first month of joining the FX Childs Play family will get you enrolled for the Defensive Mode of trading.
This is a conservative method of trading that seeks to minimize losses and maximize returns. The mode is backed by good risk mitigation measures.
But as you know, the lesser the risks, the lower the reward, and vice-versa. So, on average Farhan promises to help you grow your account by 20% at most within the first month.
So, unless you have a $5000 account, chances are that you’ll not make much within the first month.
Once this initial phase of trading is over, you can withdraw your profits. You’ll also be required to make a choice – either to continue using the Defensive Mode of trading or to try the Aggressive Mode.
Unfortunately, most traders prefer to use this mode right from day 1 of signing up. And that’s probably why they end up making losses and posting negative reviews about this service.
The Aggressive Mode, in our view, is best suited for anyone with a high appetite for risk. But with higher risks, comes higher chances of making losses as well. So, if you have a small account e.g. below $2000, avoid using this method else you might end up losing your cash. Stick to the defensive mode instead.
On a more positive note, the Aggressive Mode is meant to double or triple your profits in a matter of days.
Benefits of FX Childs Play Signals
So, why should anyone consider putting their hard-earned money into this method? In a world full of all sorts of “trainers” and “mentors” the following are the key reasons why we’d recommend giving this strategy a shot.
1. Excellent Customer Support
No doubt, this service is backed by a good customer support team. They respond to queries even on Sundays and that, indeed, goes a long way to show just how committed they are to their job.
Plus, if you become part and parcel of the PAMM subscription, you’ll be able to chat with Farhan himself about your live trades.
2. You Can Start Small
Although larger accounts have greater chances of success under the Aggressive Mode of trading, all accounts stand an equal chance of success. But if you have a low appetite for risk and are starting really small, we’d recommend opting for the Defensive Mode until you build the muscle and confidence to take bigger risks.
The fact that this platform provides an opportunity for small, first-time investors is indeed a good thing. We all start somewhere!
3. Easy to Join and Start
Not only is the sign-up process easy and straightforward, but also, you won’t need to change brokers or your trading platform. That said, the method only works with the Metatrader 4 (MT4) software.
Another thing, you can even sign-up for a demo account and use it to test-drive this method before committing real cash.
Yup, you read that right.
4. Nothing to Learn
From the way this system is designed, it’s a plug-and-play method. You can sign-up and start making money even today. Why? Because the copy-trade software works and is available 24/7.
That said, Farhan highly recommends using a VPS to enjoy uninterrupted trading 24/5. Fortunately, setting up a VPS is quite simple and the FX Childs Play team can always help you with that at no cost.
But above all, you won’t need to sign-up for any classes or read countless PDF documents. And if you opt for the Managed Account option, you can continue with your life or career, as usual, only logging in to your account from time to time to check the progress.
Who is Farhan?
Farhan is the brains behind this copy-trading solution. He has been trading for the better part of this decade and boasts years of success in the game. He is mainly an aggressive trader although he has recently developed a defensive style of trading designed to help upcoming traders grow their accounts from scratch.
- You can use it even on a demo MT4 account
- Caters to different risk appetites
- Has been around since 2013
- Ideal for busy folks
- Awesome customer support team
- May double or even triple your account with time
- You can start making money with it, right away
- Their sales copy seems a bit too salesy and might turn off skeptics
- You can rest assured that some of your trades will end up in loses
- The aggressive mode is high-risk and is not ideal for small accounts
Frequently Asked Questions
And now, if you have some burning queries about this forex trading alerts system, it’s time to respond to them.
Q: Are the estimated profits realistic?
A: Quite a number of those who join and stick with this system end up making the profits promised. However, there’s a journey involved. So, it’s not a get-rich-quick scheme.
Q: Is FX Childs Play Legit?
A: Yes, it’s absolutely legitimate. The company has been around since 2013.
In our view, FX Childs Play Signals is a good program for anyone who would like to profit from the currency trading world. However, its best results are only reaped by those who are patient and able to keep their cool even when the going gets tough.
If your account is below $2000 in size, we’d suggest sticking to the Defensive Mode for at least 6 months.
And if you’re still on the fence, you might want to create a demo account which you can use to test-drive this method without risking any money.