In-Depth Review of FOREX ADVANCE: A Low-Trust Forex Signal Telegram Channel
- Anna Taimes
- Jul 1
- 3 min read
The FOREX ADVANCE Telegram channel presents itself as a professional signals provider with a subscriber base of more than 35,000 and reported 90% winning rate. However, upon a close examination, there are core weaknesses in its performance, transparency, and reliability. In the sections below, we unravel why this channel fails to meet the bar of a trusted signal provider.
Channel Overview:
Telegram Channel Link - https://t.me/fxadvance1
Category | Details |
Channel Name | FOREX ADVANCE |
Launch Date | 13 May 2019 |
Subscribers | 35,460 (Large audience) |
Posts Per Day | ~6 (Active channel) |
Average Views Per Post | ~4,000 (Indicates real but moderately engaged subscribers) |
Social Media Presence | Inactive Instagram & YouTube (604 subs) |
Main Content | Free forex/gold/index signals, VIP reposts |
Free Signals Per Day | 2-3 |
Trading Style | Swing trading (Daily timeframe) |
Claimed Win Rate | 90% (False) |
Actual Win Rate (Tested) | 35% (Based on 6-month backtesting) |
Main Trading Sessions | New York Session |
Free Education? | No |
Paid Services | VIP channel (No subscription bot, manual payment handling) |
Real Person Behind? | No—anonymous operation |
Questionable Performance & Misleading Claims
One of the most discouraging aspects of FOREX ADVANCE is its oversold success ratio. While the channel boasts a 90% accuracy, our six months of backtesting its free signals show a real win ratio of only 35%—well below what is required for long-term trading.
Gold signals, one of the channel's main obsessions, routinely cover very wide entry zones (as much as 150 pips), making precise entry next to impossible.
The take-profit configuration is deceptive: most trades only hit the first take-profit (TP1) before being repositioned to breakeven, so real returns are extremely low.
Fewer than 10% of gold trades ever hit their ultimate target, yet the channel purports to sell them as high-probability trades.
Blindly followed, these signals would likely blow a trading account in 1-2 months due to adverse risk-reward ratios and untrustworthy performance.
Lack of Transparency & Professionalism
A professional signal provider must offer clean trading data, risk management guidelines, and verifiable track records. Unfortunately, FOREX ADVANCE fails on all fronts:
No Real Identity: There is no named trader, face, or professional background behind the channel, so that expertise cannot be proven.
No Free Education: In addition to not offering tutorials, market analysis, or trading insights, unlike genuine educators, the channel does not provide anything free.
VIP Upselling Without Evidence: The channel sells a paid VIP group, but there is no established performance history or subscription bot, and payments are at risk.
These are signs that the channel prioritizes quantity over quality, with sensational guarantees to gain followers and offer poor trading guidance.
Poor Signal Quality & Poor Execution
Although some of the index and forex signals appear more structured (with defined entry and two take-profit levels), 80% of them only reach TP1, generating hardly anything (0.5% per trade).
No Trade Explanation: Signals come in without explanations, and therefore traders need to follow levels blindly without understanding the market context.
Swing Trading Risks: Since signals are placed on daily timeframes, traders need to hold positions for a longer period, exposing them to unwanted volatility.
Given the above flaws, even the "better" signals provide not genuine long-term profitability.
Last Word: Steer Clear of This Channel
FOREX ADVANCE is a dishonest signal provider with overhyped performance, no transparency, and no consistent results.
3/10 TRUST SCORE
Key Red Flags:
✔ Fake 90% win rate (actual: 35%)
✔ Wider, unrealistic gold entries (150 pips)
✔ No confirmed trader behind the back of the channel
✔ Deceptive partial-close profit presentation
✔ No educative content—plain signal spam
Recommendation: Traders must avoid this channel and, instead, seek proven providers with real track records, open strategies, and risk management.
