Quick Update: We were contacted by the owners of this app and politely asked to revise our review. Given the fact that we relied heavily on the presentation and did not perform an actual software check, we are willing to accept the fact that we may have been overly critical and apologize to the owners and management of Honest Forex Signals. We will be more than willing to amend our initial assessment if and when we receive solid and viable feedback from paying clients who can vouch for this software. So, for the time being we are revising our conclusion to NOT blacklisted, however not quite yet recommended and reserve the right to change our review if and when it is relevant. Again if we have done anyone a disservice it was not our intention.
Honest Forex Signals by Robbie Newton and Ken Dempsey is a SCAM and we blacklisted this fake signals software since we got complaints about the ridiculously low accuracy levels of this fraudulent trading app. For some reason we saw a lot of fake reviews about this system, so we have to ask ourselves why this is happening and who is Robbie Newton. The answers we found are quite alarming, and so is the evidence and proof of scam our staff of researchers has compiled. Truth be said, the software looks authentic and very appealing to Forex traders looking for a legit trading tool, however what we uncovered is both hypocritical as well as misleading and deceptive. In a nutshell, Honest Forex Signals by Robbie Newton is a confirmed financial SCAM designed to steal your money. We have produced a smoking gun and unequivocal proof of SCAM which validates our initial premise. Keep reading to see how we exposed these crooks and how tricky these affiliate con-artists really are.
Official Website, Login Page and Members Area: http://www.honestforexsignals.com/index.html
Proof of SCAM
Below you will find a screenshot of a very convincing individual who introduces himself as “Ken Dempsey, one of the administrators” at Honest Forex Signals and boldly claims that he “makes an amazing living trading Forex.”
Here you will see an image of the real actor and presenter who is sitting there and spewing lies. His real name is Pat Caporuscio and he has done various acting jobs in the past. In fact here is his acting reel, so you can see he is a really bad actor and performer.
However, the real reason we decided to BLACKLIST this software is because they are just too cocky and in their main sales page the promoters and so-called owners of this fake signals app boldly claim they “represent themselves” and DO NOT USE ACTORS! This simply caught our eye immediately and we had alert our members and subscribers to avoid this software like the plague.
Honest Forex Signals Review
The sales video starts off as Ken Dempsey says that if you try to work with trading robots or various market indicators it will “probably never work for you”. He says that the reason he is so successful has to do with Robbie Newton, who is a Forex trading guru and “not a scammer”. Additionally, they state that they are accredited by the Better Business Bureau, but we didn’t see any link verifying this. He says they “hold nothing back from you”, and the “personal” phone number is provided as well.
In the second page there is a seal of authenticity signed by Michael Buchbinder, the Deputy Chief Operating Officer for SmarTradeFx.com. However, this broker is out of business and the certificate is worthless at best or most likely a collaborative effort to defraud traders into registering with and funding trading accounts under false pretenses.
How Does It Work?
The service sends winning trades to other traders to “simply duplicate”. Robbie supposedly averages 50 pips daily and has a “genuine interest in your success”. There is also a software which needs to be downloaded, and this system automatically copies the trades on the Meta Trader 4 platform. Dempsey also says they are different because they guide you and offer real support.
What we are witnessing here is a fake signals provider who is trying to bait you by promising you a presumably legit or genuine Forex trading system. They say there’s no hype, but they are still liars and con artists that use actors instead of using their real identity. Most likely Robbie Newton does not exist, and it’s just a stolen image of someone who looks like a real person. We see fake and fabricated results, and myfxbook can be manipulated because every scam system out there uses that service to “validate” winning trades.
Is it Free?
Actually it costs $177 a month, which is a great gig if you can bait enough victims. So this con artist is living the good life and you will be paying for it if you sign up for his scam.
We say a lot of fake reviews about this system, which means money has changed hands and unethical affiliate marketers are getting paid for promoting this filthy scam.
Signals Versus Trading Robots
If you are looking for a real trading solution which has been tried and tested you need look no more. We have done extensive research and came up with a few reputable systems that are consistent money-makers. These are all showcased in our recommended section.
Review Summary and Conclusions
The Honest Forex Signals trading software by Robbie Newton and Ken Dempsey is a blacklisted SCAM and we proved it in our fair and impartial review. Don’t be fooled by the seemingly innocent and authentic demeanor or this paid actor and performer, this software has been around for a long time and is directly responsible for defrauding hundreds of would-be traders. If you believe these signals to be legit or genuine then you need to accept the fact that your money will most likely be stolen by these crooks. As always, we invite you to join our Facebook Group and YouTube Channel to learn more.