XAUUSD Scalper Telegram Channel Review: Exposing a Dangerous Trading Scam
- Anna Taimes
- 11 minutes ago
- 3 min read
During our in-depth review of the "XAUUSD Scalper" Telegram channel, we discovered a series of alarming issues that point to a highly deceitful and misleading trading signal service. Although this trading signal service promises traders premium quality Gold (XAU/USD) scalping signals, our analysis and backtesting of this channel have proven that this service is more likely to lead traders to financial losses rather than profits.
Channel Overview:
Telegram Channel Link - https://t.me/gold_xauusd_scalper
Aspect | Details |
Channel Name | XAUUSD Scalper |
Operational Since | 17 October 2022 |
Subscriber Count | 7,859 (Reported) |
Activity Level | ~7 posts daily (Active) |
Avg. Views Per Post | ~500 (Indicating a high proportion of fake/inactive subscribers) |
Main Content | Free signals, trading results, VIP channel promotion |
Market Focus | Gold (XAUUSD) |
Trading Style | Scalping (London Session) |
Free Signals Provided | ~1 per day |
The False Promise: A Discrepancy in Results
The heart of this trading signal channel's scam is built around a false promise of high winning percentages and effortless profits. The trading signal channel operator frequently publishes weekly results reports of their paid "VIP" service, boasting of winning percentages of 95% and sometimes 100%. To gain the trust of traders and encourage them to subscribe to their paid service, they sometimes share what they claim are their paid "VIP" trading signals with their free subscribers.
Only 34% of their signals are accurate. This means that their results reports are not accurate and do not reflect real trading results.
This is not a minor discrepancy; this is a highly deceitful and fraudulent act aimed at selling their overpriced premium service by falsely advertising their capabilities.
Example of a Typical Signal & The Reality
An example of a signal that you would see in this trading signal channel would be as follows:
XAUUSD BUY LIMIT @ 1935.50 | Stop Loss: 1933.00 | Take Profit: 1940.00 | Scalp for London open.
Although this may sound professional, our analysis has shown that this method will fail over 65% of the time. If one were to follow this method consistently, they would find their capital slowly eroding over time.
Reckless Trading Behavior & High Risk
In addition to these false statistics, their method is flawed and reckless.
We have noticed that this trading channel often practices what we call "Revenge Trading," meaning they consistently reopen their trades when they have closed out with a loss. This method has the potential to lose thousands of dollars a day.
This behavior is that of an undisciplined trader with no trading skills whatsoever. They are gambling with their audience’s money, hoping that their losses will eventually equal their previous losses. This method has been proven time and time again to wipe out trading accounts.
Major Red Flags & Conclusion
Anonymous Operator: We have found that this trading channel has no real person behind it. They have no name, no face, no trading history.
Fake Social Proof: This trading channel has only 500 views on their video, but they have many subscribers. This is a clear indication that their subscribers are fake.
No Educational Value: This trading channel only pushes their signals. They have no educational value whatsoever.
VIP Bot Trap: This trading channel uses their fake statistics as a means to get users to sign up for their VIP Bot.
Final Verdict: SCAM TO AVOID
The XAUUSD Scalper Telegram Channel is a scam that uses lies as a means to part unsuspecting Gold Traders with their hard-earned cash. Their 95-100% accuracy rate is a lie that has been proven by our 34% accuracy rate. They promote a trading method that has the potential to lose thousands of dollars a day. This trading channel exists solely as a means to scam novice Gold Traders with their fake statistics.
0/10 TRUST SCORE
Be very careful! Placing your capital in the hands of this unknown entity is very likely to cause you financial damage. It is highly recommended that you avoid this channel and all the paid offers associated with it.
