Smith 1000Pips Gold Telegram Channel Review – The Classic Gold Signals Scam Uncovered
- Anna Taimes
- Jun 6
- 4 min read
If you've been searching on the web for successful Forex signal Telegram channels, particularly those that trade gold in particular, then you may have seen the Smith 1000Pips Gold Channel. The channel appears professional at the first glance, with frequent trading signals, luxurious lifestyle pictures, and enormous profit statements. But after a thorough review, we've discovered that this channel is actually a clever scam aimed to trick traders into joining its paid VIP services. What follows is all the red flags, tricks, and empty promises behind this so-called free signals Telegram channel.
Key Facts About Smith 1000Pips Gold Channel
To give you a clear image of this channel, we have summarized the most significant details in an easy-to-read table. This will allow traders to easily decide whether this Telegram channel is real or just another forex signals scam.
Telegram Channel Link - https://t.me/Tradingpromoney
Feature | Details |
Channel Name | Smith 1000Pips Gold Channel |
Launch Date | March 27, 2024 (relatively new, lacks long-term credibility) |
Subscribers | 14,632 (medium-sized, but subscriber count can be inflated with bots) |
Posts Per Day | 25+ (excessively active, likely to spam followers with promotions) |
Average Views Per Post | ~1,500 (indicates low engagement compared to subscriber count) |
Main Market | Gold (XAU/USD) (highly volatile, often targeted by scam signal sellers) |
Free Signals Daily | 3 (low quantity, structured to mislead rather than educate) |
Winning Rate (Backtested) | Only 16% (proven to be unprofitable in real trading) |
Paid Services | VIP signals (no subscription bot, manual payments increase scam risk) |
Real Person Behind? | Allegedly "Ryan Smith" (no verifiable identity, uses stolen luxury photos) |
Why This Channel Is a Scam – Red Flags Exposed
1. Bogus Trading Signals with Fake Results
The channel gives free gold signals, but they are cleverly designed to trick the traders into believing they are highly profitable. This is how the scam works:
Entry Zones Rather than Correct Levels – Rather than providing a correct entry price, the signals give broad "zones," which allow the admin to then cherry-pick the optimal possible entry point and then wrongly report a successful trade.
Pending Orders, indicating Not Market Orders – The majority of signals are set up as pending orders that never actually get filled. The channel then ignores these losing signals, with only the occasional ones showing that (luckily) went in their direction.
Three Take Profits (TPs) with Partial Closes – The very first TP is placed very near to entry (in some cases, just 5–10 pips from entry) to artificially inflate the "win rate" for psychological purposes. But most of the time, the trade won't even hit TP2 or TP3, i.e., the risk-reward is horrible overall.
This is a manipulation that provides an illusion of success, but actually, the traders using these signals would lose way more than what they win.
2. False Win Rate (Only 16% Success in Real Life)
We conducted a thorough backtest of the channel's free signals over the last five months. The result was shocking—only 16% of trades were profitable, far from their "1000 pips per month" achievement.
To cover up this poor performance, the channel posts bogus MT4 screenshots and exaggerated pip numbers as though their signals help them make consistent profits. In reality, most who try to copy these trades lose.
3. Copied Luxury Life Pictures & False Person
The channel's admin, whose username is Ryan Smith, even posts images of luxury cars, private planes, and luxury vacations frequently to provide the illusion of astronomical trading success. However, a reverse image search reveals that all the photos above are indeed stolen from the internet.
Additionally, "Ryan Smith" is never depicted with a face uncovered or with glasses taken off, so it would be impossible to be certain of his identity. This is an old con trick—having a pseudonym available to gain false credibility and entice unsuspecting traders.
4. Aggressive VIP Service Promotion
The long-term intention of this free signals Telegram group is to force traders into paid VIP memberships. This is the reason, therefore, with the rigged signals, fake win rates, and stolen content, paying for the services would be a total waste of money.
Worse still, there isn't even any subscription bot that can be used for automatic subscription, meaning payments are made manually—a gigantic warning sign for potential fraud. Traders who subscribe to VIP normally complain:
No real trading benefit (signals are worse than those free ones)
Missed or lagging support (communication is stopped once payment is remitted)
No refund policy (victims have no choice but to remain in the dark)
Final Verdict – Avoid This Scam Channel at All Costs!
0/10 TRUST SCORE
Through our investigation, we can safely conclude that the Smith 1000Pips Gold Channel is a conventional gold signals scam, utilizing deceptive signals, doctored win rates, and pirated lifestyle materials to deceive traders.
