SMOKE FOREX Telegram Channel Review: Why Data Shows It’s a Scam
- Anna Taimes
- 3 hours ago
- 2 min read
In its outward appearance, SMOKE FOREX is a successful trading community. The number of its subscribers approaches 40,000 people, while the number of posted messages exceeds 17 daily messages. Personal photos of the owner are presented, and the offered free signals have a clear design and even 2/1 risk/reward ratio.
Nevertheless, a thorough six-month backtest of the signals demonstrates that behind the perfect-looking signals and only partially profitable snapshots hides a well-thought strategy of building a false reputation and generating steady losses for traders. This article thoroughly explains how SMOKE FOREX works as a scam channel.
Channel Overview:
Telegram Channel Link - https://t.me/smokeforex1
Parameter | Details |
Channel Name | SMOKE FOREX |
Operates Since | 4 January 2023 |
Subscribers | 39,915 (mostly fake – 2,000 avg. views per post) |
Posts per Day | ~17 |
Main Content | Free signals, trading results, paid channel promotion |
Markets Traded | Gold, Forex |
Free Signals per Day | 1–3 |
Trading Style | Scalping (London & NY sessions) |
Free Education | No |
Paid Service | Premium channel (no VIP bot) |
Real Face Behind Channel | Yes (owner shares pictures) |
Avg. Winning Rate (6 months) | 29% |
The Signal Format – Good On Paper
This is what a typical free signal looks like:
Gold Buy Now 4570
TP 4500
SL 4555
As you can see, the format is very clear and convenient for trading even for beginners. Also, the 2/1 reward-to-risk ratio is really nice. Therefore, we have very positive first impressions here.
The Problem – Trade Management That Ensures Losses
The thing about free trades is in its management.
Many Partial Close operations can be done.
Quite frequently, partial positions are closed rather close to the entrance price.
In the case with free signal above, for example, partials were closed on 4573 level. It means that partial profits were gained only 30 points after entering.
By using the trade management techniques described, only 13% of free trades achieve the Target Price level.
The rest of all trades are closed near break-even or at some tiny profits.
Such profits will not cover losses in general.
The Verdict – Data Doesn't Lie
A backtest of each free signal from the last six months reveals an average success rate of 29%. That's not bad luck but the system itself that is designed to make users slowly lose their money by making a channel look profitable through updates with current profits. Thus, the free trade offers the channel an opportunity to promote its paid services and earn money.
Free signals are losers. Updates of profitable trades create an illusion of successful strategy.
0/10 TRUST SCORE
SMOKE FOREX offers you nothing special. Instead, you get yourself into a carefully managed channel that uses free signals to hide the scammy nature of this platform.
