FxRenew Signal Review
FX Renew is an NFA regulated forex signal provider
Backgound
If you are an inexperienced trader or simply struggling to find consistency in your trading, using forex signals from a good service provider is a no-brainer. The cost of not having the right skills, advice, or information can hinder your trading, and spending endless hours searching for high-probability trading set-ups can be very frustrating. FX Renew, a Florida-based firm, is the industry leader in offering real, reliable guidance and training to serious forex traders with their forex signal service. FX Renew also offers a cutting edge forex trading platform with no dealing desk, marketed as a forex brokerage service called “FX Renew Pro”. The firm’s partner for trading support is Forex Club, a U.S.-based broker that manages your trades and funds as a registered Forex Dealer Merchant (“FDM”).
FX Renew is also unique in that it the only signal service provider that is also regulated by the National Futures Association (“NFA”). The FX Renew team delivers forex signals in real-time and includes their expert analysis behind every forex trading decision. They also give you the opportunity to trade live alongside a professional forex money manager. FX Renew delivers forex signals to your desktop, e-mail, and phone, and two live forex trading sessions per week. Alerts are frequent and provide that extra boost of confidence that many traders need to get to the next level of consistency. Service pricing is reasonable, and bonus programs offer substantial savings and 30-day trial periods. Their objective is to have well informed clients, and they achieve this goal by allowing you into the trading room to observe how a professional trader goes about his business.
Features
As of this writing, their monthly service fee is set at $129. The company provides you an entire comprehensive service for one low price, without selling pressure to acquire upgraded service levels. Their focus is on trading and providing a high quality service. Bonus programs provided incentives and free trial periods for as many as three months, depending on the size of deposit. They recommend $2,000 as the minimum deposit to get started, but $100 is all that is needed to open an account. Trading through their broker partner, Forex Club, allows the client to observe FX Renew professionals in action and follow guidance directly from their proprietary trading platform. They also have a MetaTrader4 option as well. Alerts are frequent, typically 5-10 signals per week depending on market conditions, and are accompanied with analysis to educate you on what the professional is thinking. FX Renew delivers forex signals directly to your desktop, via e-mail, or by phone message.
Platforms
FX Renew Pro is a balanced and powerful trading platform. The platform trades with tight spreads and offers great liquidity, even during prominent news events. The platform is capable of managing several client accounts. This platform is available to use through download, as a web application, on a mobile device, and on the iPhone. Auto-trading and managed accounts are options, but the primary focus is to empower the trader to act on his own through professional guidance. Live sessions are scheduled on Tuesday and Thursday. Platform features are easy to understand and ease of use is a plus.
Deposits & Withdrawals
FX Renew is not a forex broker, but offers a forex trading service through a “white-label” arrangement with Forex Club, a U.S.-based broker that is a domestic registered Forex Dealer Merchant. The broker partner sets deposit and withdrawal rules. Forex Club Financial Company is a Staten Island based forex firm that recently won the “Best Broker for Beginners” award from Forex-Ratings in 2009. Forex Club is regulated by the CFTC and has been an NFA member since 2005. Their minimum deposit level is $100 and can be made through credit or debit cards or through bank wire. Withdrawals are made via bank wire or check in a matter of days after necessary regulatory forms are completed.
Customer Support
FX Renew offers excellent customer support run by a group of licensed traders who monitor the market 24 hours a day. Customer service can be accessed via email and phone support, and the firm caters primarily to the U.S. domestic market at this time. Clients are also permitted entry directly into the trading room during live sessions on every Tuesday and Thursday, another unique teaching tool. Abundant training and educational materials are provided, along with charting tools and market commentary. Every attempt is made to educate and inform the customer.
Conclusion
FX Renew is a unique signals service offering in the forex industry. They bring a level of honesty and integrity that is welcomed in the Internet world of today. They focus primarily on the U.S. market, and their professionals are dedicated to making you a better and more consistent trader over time. They are the only signal service provider that is also regulated by the National Futures Association, providing a level of confidence not found with other service providers, and their founder is also the Chief Investment Officer of Capstone Forex. Capstone is a CFTC-registered, NFA-regulated CTA offering Forex Managed Accounts. For beginners and well-seasoned veterans alike, FX Renew offers the tools and support to raise your competency quotient to the next level at very reasonable monthly participation fees.
