Review: Rio Traders - Forex Signals Telegram Channel - A Deceptive Operation
- Anna Taimes
- Jan 27
- 4 min read
In the world of Telegram forex signals, there are countless channels that promise premium trading insights to their subscribers. Among them is "Rio Traders - Forex Signals." In this review, we will analyze the operations of the Rio Traders - Forex Signals Telegram channel and show you that it is nothing but a deceptive operation.
Channel Overview:
Telegram Channel Link - https://t.me/RioTraders
Aspect | Details |
Channel Name | Rio Traders - Forex Signals |
Launch Date | 19 August 2019 |
Subscribers | 57,404 (Large size, but engagement suggests inflated numbers) |
Avg. Posts/Day | 6 (Active) |
Avg. Views/Post | ~1,900 (Indicates a high proportion of fake or inactive subscribers) |
Main Markets | Gold (XAUUSD) and Forex |
Free Signals | ~2 per week on average |
Claimed VIP Win Rate | Near-perfect, with massive weekly pip gains (e.g., 3,170 pips) |
Actual Free Signal Win Rate (Backtested) | 29% over the last 6 months |
Paid Services | VIP channel with subscription bot |
Public Face | No real person, name, or history provided |
Analysis of Free Signals vs. VIP Promises
The primary deception by the Rio Traders - Forex Signals Telegram channel lies in the huge gap between their free signals and the promised results for their VIP group.
The Reality of Free Signals
The Rio Traders - Forex Signals Telegram channel sends approximately two free signals per week. After conducting an in-depth analysis of their signals over six months, we have found that their signals have an average winning rate of only 29%. Moreover, the signals sent by them are faulty in terms of their configuration. For example:
GOLD SELL 4582 - 4585
SL. 4590
TP. 4575
TP. 4560
In the above configuration, there is only a 29% chance that the price will touch the second TP (TP. 4560). Moreover, the "partial profits" that are realized in this configuration are utilized several times before the market even touches the first TP. This means that the potential loss in this case is several times higher than the realized profits. In fact, if you are able to make 10 free signals on average, you end up making way less than you end up losing. In fact, your losses may even be 2-3 times your profits.
The Fantasized VIP Results
In stark contrast, this channel claims to offer VIP results that are mathematically impossible. For instance, this week, this channel published the following results:
(05 Jan - 09 Jan)
GOLD - 140 PIPS ✅
GOLD - 250 PIPS ✅
GOLD - 230 PIPS ✅
GOLD - 55 PIPS ✅
GOLD - 250 PIPS ✅
GOLD - 270 PIPS ✅
GOLD - 140 PIPS ✅
GOLD - 180 PIPS ✅
GOLD - 250 PIPS ✅
GOLD - 60 PIPS ✅
GOLD - 45 PIPS ❌
GOLD - 225 PIPS ✅
GOLD - 220 PIPS ✅
GOLD - 250 PIPS ✅
GOLD - 170 PIPS ✅
GOLD - 65 PIPS ✅
GOLD - 80 PIPS ✅
GOLD - 85 PIPS ✅
GOLD - 85 PIPS ✅
GOLD - 165 PIPS ✅
Total PIPS For This Week - 3170
One losing trade out of 20 trades. And just 45 pips loss in comparison to huge winners.
The Verdict
It is evident that there is a huge difference between the free results and the VIP results. We believe that this channel is lying and manipulating statistics and results with partial closes and entry zones. This gold signals channel on Telegram is just like other scam gold signals Telegram channels. This channel is suspicious and uses common tricks to deceive and manipulate its subscribers.
Additional Red Flags
Fake Engagement: The channel has 57,000+ subscribers but only 1,900 views per post. This shows that this channel is most likely packed with fake subscribers to create an illusion of engagement and popularity.
Anonymous Operators: There is no face, name, or trading history behind this channel. Legitimate educators and traders always put their face and name to their work.
No Free Education: This channel does not offer any free education but only focuses on promoting their signals and VIP service. This is one of the characteristics of a service that is only out to make money and has no interest in trader development.
Overemphasis on Gold: This channel focuses most of its time and resources on gold (XAUUSD), which is a very volatile market that promises huge and quick profits.
Rio Traders - Forex Signals follows the classic blueprint of scammers by using a popular Telegram channel with many members to promote low-quality free signals, while at the same time promoting fake and exaggerated results from their VIP group, which requires members to pay. The fact that the free signals have a proven success rate of 29% directly contradicts the almost perfect and high-pip winning results from the VIP group.
0/10 TRUST SCORE
Final Recommendation: AVOID. This is not a genuine signal service or any form of education. Traders will lose money using the free signals and would essentially be throwing away money for fake results if they were to use the VIP group.