Review: AKX Public Telegram Channel – A Deceptive Signal Service to Avoid
- Anna Taimes
- 1 hour ago
- 3 min read
Through a thorough analysis of AKX PUBLIC CHANNEL, we can see that this particular channel is not only inefficient, but in fact, AKX PUBLIC CHANNEL is full of purposefully misleading information that is dangerous to any serious trader considering this channel as a source of valid analysis.
Channel Overview
Telegram Channel Link - https://t.me/AKXTRADERS
Critical Analysis & Major Red Flags
1. Deliberately Unusable and Dangerous Free Signals
According to analysis, the main purpose of the AKX PUBLIC CHANNEL seems to be showing "free" signals that are engineered to fail in order to induce traders to purchase their paid "VIP" service. Through our investigation, we find that this channel is of no use to traders searching for free gold signals, as follows:
No Risk Management: Firstly, the channel NEVER shares a stop loss. We never know when a losing trade should be closed in a loss. No rules are given. This is a basic error in the world of stock trading, as blowing accounts is encouraged.
No Profit-Taking Strategy: Secondly, that’s one of the few signals that DO NOT offer a way to take profit, either. Trading profits are closed at arbitrary levels, and no signals are given. This makes the followers guess when to pull out, making possibly successful trades into losing trades.
Vague and Sloppy Entries: Thirdly, entries are usually given as zones of 50 pips width. There are no explanations given on the executions of trades. These sloppy entry zones do not allow any precise executions.
2. Fraudulent Performance Claims
Extravagant claims are made by the channel’s author in respect of the performance of the paid-for VIP service in these ways:
Total account Entered market ( 50 ) times and successfully completed ( 49 ) times | 98%
Nevertheless, the results of extensive back-testing do not agree.
It is very difficult to backtest this type of signals, as we found in our analysis to use AI technologies to evaluate the updates of running signals, that the average accuracy is 37%.
The first thing that raises suspicions is that the free signals are actually forwards of the VIP paid group. Also, The gap between the actually verified win rate of 'free/VIP' signals of approximately 37% as opposed to the authors' claims of either 98% or 99% accuracy is not a margin of error. It is a flat-out deception.
Firstly, our results of back-testing are much too remote from the statistical data that is claimed. Channel author is obviously a liar in his performance, as he gives poor free signals as a confirmation of his mediocrity.
3. Lack of Transparency and Anonymity
It is operated by an anonymous party that has "no real face, real person behind with name/history/face." This anonymity is a hallmark of a type of commercial fraud, where the fraudster is not held accountable for the financial loss that he or she causes.
Conclusion
This is a predatory service called AKX PUBLIC CHANNEL. It is a service that uses a high amount of activity as well as fake screenshots of success in order to mislead people as to the service’s competency level.
0/10 TRUST SCORE
Instead, this service is giving people high risk signals that lack any kind of follow through (63% loss ratio). This is a channel to avoid. Using the signals either free of charge or via payment constitutes a high risk to your trading funds.
