Photon Trading Review: A Deeper Look Beyond the Surface
So, what is Photon Trading FX? As you may have guessed, this is a trading company claiming to suit a global audience. It claims to have a user-friendly platform, competitive prices, and a reputation for great customer service. Still, can we trust this company or not? This Photon Trading review is your guide, and it aims to help you out!
General information | |
Name | Photon Trading |
Type of company | Trading Education |
Regulation status | Unregulated/Not expected |
Warnings from Financial Regulators | No official warnings |
Website link | https://www.photontradingfx.com/ |
Active since | 2020 |
Registered in | n/a |
Contact info | Data is hidden |
Trading platforms | MT4 (Allegedly) |
Majority of clients are from | United Kingdom, India, United States, South Africa, Nigeria |
Customer support | Members only |
Compensation fund | No |
Regulation and Security
We found some online reviews claiming that Photon Trading FX is regulated (shockingly!). They say this firm operates under the oversight of the Financial Services Authority (FSA) in SVG. Firstly, this almost means nothing, as this regulator is not overseeing FX companies.
Secondly, the regulated company is called PROTON CAPITAL MARKETS LTD. We cannot see any connections between that company and Photon Trading. Beware of that!
Trading Platform
According to some reviews, this trading company relies on MetaTrader 4 (MT4). We all know that this is a widely-used platform for trading. It is known for its amazing and fast interface and advanced charting tools.
Some traders even prefer it better than MT5. It goes without saying that MT4’s support for automated trading adds convenience. What’s more, it allows you to execute precise strategies automatically. Overall, this trading platform is great.
Still, this company hasn’t explicitly mentioned they support it, so we must be cautious here again.
Various Trading Instruments
So, what are the trading instruments here? According to the Photon Trading Telegram channel, this firm offers a variety of trading instruments. These cover forex, commodities, indices, and crypto coins. This sounds solid in our opinion!
The company extends its offerings to commodities such as gold, silver, crude oil, and natural gas. For crypto enthusiasts, Photon Trading Forex supports trading in BTC, ETH, LTC, and XRP.
Tip: Belleo FX is a company that offers the renowned MetaTrader5 (MT5). Yet, before using them, read as many reviews as you can!
Zero To Funded 3.0 Overview
Below, we will outline what they offer in terms of this course. So, take a look!
Laying Your Foundations
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- Essential basics for personal success.
- Covers mindset, goal setting, habits, routines, and recognizing opportunities.
Intro To FX Trading
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- Day 1 basics for newcomers to FX trading.
- Topics include market mechanics, lots, leverage, margin, and strategy selection.
Money Management
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- Tactics used by pro traders.
- Covers the golden rule, position sizing, reverse compounding, capital partitioning, and managing news risk.
Brokers & Charting
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- Setting up charts for success.
- Avoiding common pitfalls in broker selection, trading costs, and automated execution.
Trading An Edge
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- Understanding probabilistic laws of success.
- Explores probabilities, random distribution, the law of large numbers, mental models, and strategy development.
Technical Analysis
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- Vast module with a step-by-step framework.
- Covers market structure, supply & demand, order flow, liquidity concepts, entry models, and trade management.
Trade Plan
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- Receive proven mechanical trade plans.
- Handing over day and swing trading strategies.
Testing
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- Proving your trade plan with trusted data.
- Covers data collection, backtesting, forward testing, and markups.
Journaling
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- Essential for self-improvement.
- Advanced self-review, automated journaling, and measuring progress.
Moving Forward
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- Post-graduation roadmap for success.
- Covers a roadmap to consistency, analyzing your data, and scaling your trading.
Trading Psychology
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- Overcoming mental barriers.
- Includes mindset journaling, traders’ scorecards, awareness, limiting beliefs, self-image, and discipline development.
Memberships
First off, we see that this company has some typos on their site. This can indeed impact their credibility. Now, let’s explore the membership options below!
- Monthly Plan: £149/m
- Billed every month
- Includes:
- Zero To Funded Course
- The Photon Service
- Trading Floor (Discord)
- 130+ Video Lessons
- 70+ Hours of Step By Step Training
- Chart Exercises + Walkthroughs
- 24/7 Support
- Minimum 3:1 R:R Trades
- Daily Chart Analysis + Markups
- Trade Recap Videos
- Daily Session Recap Videos
- Weekly Live Meetups
- Plug & Play Spreadsheets & Tools
- Cancel anytime
- 3 Months Plan: £116/m
- Billed every 3 months
- Total: £347
- Includes the same features as the Monthly Plan
- 6 Months Plan: £99/m
- Billed every 6 months
- Total: £594
- Includes the same features as the Monthly Plan
- Annual Plan: £83/m
- Billed every 12 months
- Total: £988
- Includes the same features as the Monthly Plan
These plans clearly offer a variety of features. Yet, keep in mind the typos on the site as well as other issues.
Customer Service Issues
Surprisingly, good customer service sets PhotonTrading apart. At least this is what some of their members said.
The support team, available 24/5, is ready to assist traders via phone, email, or chat. Yet, you cannot contact support if you are not registered, so again, this is suspicious.
Note: Some people are mentioning the Photon Trading Discord channel. However, they only have a Telegram channel for now.
Photon Trading FX’s Reputation
When it comes to client reviews, there is a positive Photon Trading Reddit discussion. Also, this firm stands strong on Trustpilot. They have an impressive 4.8-star rating here. This feedback hints at a satisfied customer base, as a 4.8-star rating is undoubtedly great. Yet, it’s crucial to approach online reviews with caution. Sometimes they do not show the real credibility of a company.
When considering a trading platform, it’s important to weigh the Trustpilot rating with your personal risk tolerance. Gathering a full understanding from multiple sources is always wise!
Earning Money Through Online Trading
Looking to boost your income through online trading? It’s easier than ever! Seek tips from free consultations and expert advice on leading FX platforms. Also, we have our AI Analysis Bot, a tool that provides valuable trading advice and predictions.
And the best part? You can try it for free for 20 days. No upfront payments are necessary! Every month, you’ll receive 5 detailed FX analysis reports and 5 stock analysis reports. Experience the thrill of online trading today!
Note: ONE FX is an Australian-registered forex broker offering MT4 to its clients. Yet, they are not that reliable!
Final Thoughts
This company is relatively anonymous after all. While it has some positive reviews, you should consider alternatives.
With our AI Analysis Bot, you can elevate your trading experience with mind-blowing predictions. It’s essential to make wise decisions aligned with your goals and preferences. Keep that in mind!
FAQs
Is Photon Trading a Good Company?
It is unclear whether this is a good company or not.
What Does Photon Trading Offer?
This company offers many courses and educational materials.
What is Proprietary Trading?
Proprietary trading, or prop trading, is when a firm uses its own resources to make trades and earn direct profits.