Compass FXReviews of compassfx.com

Do not engage with these scam artists. They keep bombarding you with incorrect information and when your phone number is known you will be called every day. Blocking doesn't help because it's always a different number. So watch out!! Scammers

After 5 years of membership in Ray's room, I give out my 2¢. If you are keen to learn to trade, don't buy Ray's course. Ray claims to be an institutional trader, but this has never been proven. Additionally, professional traders in the institutional world are subject to very strict regulations and are not allowed to communicate anything outside the bank/institution, as it would result in significant fines for both them and the institution they work for. Ray would likely lose his professional status. So from this perspective, Ray certainly cannot be an institutional/professional trader. Who would risk their career for a few hundred dollars? Some may claim that Ray's professional status as an institutional trader is inconsequential. However, I contend that it is highly relevant. Given that the CompassFX marketing heavily relies on his professional credentials, it is crucial to verify their authenticity. Moreover, based on FCA regulations and trading standards, he is not permitted to engage in such activities. This raises questions about the integrity of either Ray or CompassFX. Furthermore, Ray positions himself as a quantitative analyst, and it's true that he comes up with very interesting concepts, which, however, cannot be replicated in real retail trading. But even here, revealing such information is beyond the boundaries of regulation or his professional NDA. As far as trading is concerned, Ray occasionally shows some of his trades, but it's mostly quite questionable scalping of 1–5 ticks. He even claims that setting a stop loss at the price at which he entered the trade is a “break even” for him. Apparently, he's the only one in the world who doesn't pay commissions. There's actually a whole other Skype channel just for breaking down Ray's videos. That's because his presentations are usually a mess - all over the place, incomplete, and sometimes even on purpose confusing. After every video, there's a ton of questions about the formulas he used for certain graphs or what certain things mean. Finally, there is nobody profitable in the room, which speaks for itself. To summarize, Ray doesn't provide anything that can be used for real retail trading. The only benefit I see in his lessons is that he can interconnect markets in a very interesting way, provide an original perspective on the markets, and come up with original concepts for quantitative or fundamental analysis.