JR TRADES Telegram Channel Review: An In-Depth Analysis of the Potentially Scammy Group

There is a large number of trading communities on Telegram. The main function of those is to provide free and paid signals, or trading education courses. Today, we decided to analyze one channel, which is likely a scam. So, our review will reveal the suspicious activity of this particular group.

Channel Overview

Telegram Channel Link - https://t.me/jrcryptexpublic

Criteria	Details
Channel Name	JR TRADES
Operating Since	4 May 2023
Subscribers	8,277 (medium-sized channel)
Posts Per Day	Approximately 7 posts daily (active channel)
Average Views Per Post	600 views (significant discrepancy suggests fake subscribers)
Social Networks/Website	None
Main Content	Free signals, trading results, trade updates, paid channel promotion, live videos, client feedback
Free Signals/Forecasts	Yes (limited)
Primary Market	Gold
Free Signals Daily	0
Trading Style	Day trading
Trading Sessions	London and New York
Free Education	No
Paid Services	Premium/VIP channel
VIP Subscription Bot	No
Real Face/Person Behind	Yes (owner shares pictures and live videos)
Winning Rate (Backtested)	0% over the last 6 months

Activity and Engagement

Firstly, JR TRADES has been working actively since May 4, 2023. The channel publishes 7 posts per day, on average. Its total number of subscribers is equal to 8,277. It means that it is medium-sized channel, but when it comes to post views, there is quite a difference: they average to 600. It is an alarming gap, because usually it means a presence of fake subscribers in the channel.

While JR TRADES offers free signals, the amount of them is pretty low — 0-1 signal per day on average. Free signals serve as a bait for attracting potential clients and motivating them to buy the VIP membership.

Trading performance

We have performed the backtest of all the free forecasts made in this channel during 6 last months. The result is shocking. The average winning rate is 0%. It means that all of them have been losing during this period. Such indicators can be explained either by lack of skills or by the fact that they give losing free signals to attract customers and sell the paid package of signals.

Red flags and suspicious activity

We received 2 requests to review JR TRADES Telegram Channel. After the detailed investigation we can say for sure that this group has a lot of signs of scam.

Lack of Free Trial Signals

First and foremost, the fact that there are no free trial signals is a proof of scam. Instead of providing free trials, JR TRADES publishes the updates of only profitable trades of VIP group members. The lack of free signals does not allow you to verify the performance of the paid package of signals.

Unsubstantiated Claims

Moreover, this channel makes the claim of 90%+ accuracy of these signals with no real proof. Such impressive indicators must be supported with some proofs: track record, external verification, and other evidences. But this channel has none of them.

Manipulative Marketing Tactics

To motivate you to become VIP client, the owner of the channel makes a lot of videos with motivational speeches, showing his villa in Dubai. This marketing tactic appeals to the emotions of a person, making him/her envious and motivating to get a similar life style. But this proves nothing about his trading abilities. Anyone can shoot the video in luxury villa rented by the owner of the group.

Fabricated Testimonials

Furthermore, you will see video/textual testimonials of the alleged VIP members, without any proofs of their existence. They can be fake, paid actors or even the same channel owner playing different personas. You cannot prove the reliability of these testimonials.

Deceptive Take Profit Structure

Analyzing the forwarded VIP signals, we have found out that JR TRADES uses 3 take profits, where the TP1 is always very close to entry. This is the manipulation tactic, which aims to increase the win rate. Due to the fact that TP1 is located too close to entry, it gives 100% chances to reach it, even if the signal goes in opposite direction and hits the SL. Thus, it looks like win, which is not true.

Conclusion

JR TRADES presents all the features of a scam trading channel. From the fake subscribers and the disastrous 0% winning rate of free signals to manipulative marketing tactics and deceptive take profit structure, each feature proves the fact that this channel is interested in money of its subscribers, but not in trading.

The lack of free trial signals, unsubstantiated claims of 90%+ accuracy, marketing in Dubai villa and the unverifiable testimonials create the image of a scam channel.

0/10 TRUST SCORE

Our verdict: JR TRADES is a scam channel. Don't subscribe to their VIP service.