In-Depth Review: "Ben, Gold Trader" Telegram Channel – A Scam to Avoid
- Anna Taimes
- Jul 25
- 3 min read
The "Ben, Gold Trader" Telegram channel, which has been operating since January 2022, positions itself as a high-end gold trading signal provider with more than 358,000 subscribers and an intense posting frequency (20+ updates per day). Nevertheless, in-depth research reveals several red flags, such as fabricated engagement, deceptive profit reports, and low-quality signals intended to coerce users into a VIP group that requires payment.
This review will examine the credibility of the channel, signal performance, and misleading marketing strategies to assist traders in avoiding possible scams.
Channel Overview
Telegram Channel Link - https://t.me/bengoldtrader
Metric | Details |
Launch Date | January 20, 2022 |
Subscribers | 358,861 (likely inflated with fake/bot accounts) |
Average Posts/Day | 20+ (mostly VIP promotions, luxury lifestyle photos) |
Average Views/Post | ~20,000 (extremely low engagement for subscriber count) |
Free Signals/Day | 1-2 (very rare, poor quality) |
Win Rate (6M Backtest) | 36% (highly unprofitable long-term) |
Trading Style | Gold scalping (1-minute timeframe, wide entry zones) |
VIP Subscription | Yes (heavily promoted, no verified results) |
Transparency | ❌ No real person, no social media, no verified track record |
🚩 Significant Red Flags & Scam Indicators
1. Artificial Subscribers & Pumped Up Engagement
In spite of boasting 358,000+ subscribers, an average post gets merely~20,000 views—a definite indication of bot follower generation.
The majority of comments are generic ("Great signal!") or by suspicious accounts, further implying artificial engagement.
2. Deceptive Profit Promises & Psychological Manipulation
90% of free posts are VIP profit screenshots, photos of luxury cars, and bogus MT4 statements.
No confirmed MyFxBook, broker statements, or live trading evidence—just edited photos.
The channel selectively picks profitable trades, excluding losses, to paint a false picture of success.
3. Very Poor Signal Quality
Free signals are infrequent (1-2/day) and carry a 36% win rate (backtested for 6 months).
Signals have no charts, analysis, or risk management—only vague entries such as:
"Sell Gold @ 2335–2340" (a $5-8 wide area, which makes execution uncertain).
Reward-to-risk ratios are asymmetrical, frequently 1:1 or worse, so losses are larger than profits.
4. Lack of Transparency or Legitimacy
No actual identity—faceless admin with no name, face, or record of trades.
No free education—just aggressive VIP promotions.
No outside presence—no website, LinkedIn, or other social media to establish credibility.
💡 Why This Channel is Hazardous to Traders
Blown Accounts Likely: Trading their signals for a month would probably blow a trader's account because of the low win rate and risky scalping strategy.
False Promises: The channel takes advantage of newcomers by highlighting unrealistic gains without revealing risks.
VIP Subscription Scam: The actual objective is to market VIP access, but there's no evidence that signals that are paid for perform better.
✅ What to Look for in a Legitimate Signal Provider
Instead of falling for scams like "Ben, Gold Trader", traders should seek providers with:
✔ Verified performance records (MyFxBook, broker statements).
✔ Clear risk management (defined stop-loss & take-profit levels).
✔ Educational material (not merely signal spam).
✔ Real person behind the channel (no anonymity).
🔴 Final Verdict: Stay Away at Any Cost
"Ben, Gold Trader" is a typical scam channel—employing fake statistics, rigged profits, and mind games to take advantage of traders. Trading with their signals will most probably end in losses.
🚨Recommendation: Avoid and spend time learning to trade properly rather than seeking unrealistic returns from unverified entities.
