G7FX Trading Review – Is Neerav A Scammer?


G7FX

7.5

EDUCATION

10.0/10

REPUTATION

8.0/10

VALUE FOR MONEY

9.0/10

TRANSPARENCY

3.0/10

Pros

  • HUGE AMOUNT OF CONTENT
  • GOOD REVIEWS ON TRUSTPILOT
  • EX BARCLAYS TRADER
  • DIFFERENT TO USUAL FOREX EDUCATORS

Cons

  • A LOT OF NEGATIVE SPECULATION
  • NO LONG TERM TRACK RECORD

With lockdowns pushing people into learning new skills online, thousands of new traders, educators and mentors have suddenly flooded the retail forex and futures industry, offering courses and million dollar strategies. This makes it extremely hard for us to see through the fakes, to find who is actually offering value.

In this article we are doing an in-depth review of G7FX, Neerav. We will dive into the pros, cons, my experience with the course and everything you’ll need to know before deciding whether or not to purchase the mentorship. Let’s get into it…

Who Is G7FX?

G7FX came to the spotlight over the last few years with a hugely successful paid marketing campaign. This drew the attention of traders around the world as Neerav (NV) seemed to have a completely different trading style to other break and retest style mentors in the industry. In fact, G7FX is COMPLETELY different to all of the other top forex trading coursesOpens in a new tab.

Neerav has trading experience with Barclays, who taught him the craft it seems and has a range of other accolades to his name. G7FX position themselves as the only real forex educators out there, offering track records and consistent trading over the long term. I have personally seen short track records on MyFxBookOpens in a new tab.

What Does G7FX Offer?

Now we know who’s running this show, it’s important to look at the offering so we know what we are buying.

Firstly, there is a foundation course. This has 5 different modules and a DOM which will come in handy if you’re looking to trade the same kind of styles as NV. This course teaches the basics of forex, reading the markets, reading data and touches on the supply and demand functions within the markets. This really isn’t anything groundbreaking but I personally think this is valuable content, even if it can be found elsewhere for free (as most things can be).

Compared to the level of depth that even some of the other top forex coursesOpens in a new tab.

Once completing the foundation course, you have the pro course. I would definitely not take the pro course unless you were proficient as a trader already, or have been through a foundation course. Most of the videos in the course are extremely thorough and as you can see, over an hour long. This is going to be very much worth following if you’re looking to understand how NV trades the markets, how the use volume profile and order flow along with the VWAP in your trading.

Again, the level of content here reminds me of Trading MasterclassOpens in a new tab.

NV’s Institutional Past

G7FX is built on the foundation that they’re different from retail traders in the forex industry as Neerav was trained by institutions to trade with the whales. He claims to have been on the futures desk for BarclaysOpens in a new tab.

We can see on the FCA RegisterOpens in a new tab.

Regardless, having a mentor with a bit of institutional experience is very valuable in my opinion. Besides Jonny from Trading MasterclassOpens in a new tab.

G7FX Pricing

As far as value for money is concerned, it’s important to look at what you’re paying for this education, fully baring in mind that they majority of retail traders will still be losing money in the financial markets, regardless.

G7FX will set you back roughly £1000, depending on whether or not their special offer is currently running. This can be paid in 3 instalments or just as a one time fee.

Included in the fee is a custom DOM feed, which NV is claiming has a value of over £1000! With that in mind, is this extremely expensive for a trading course? Most trading courses tend to sit around the £400-£500 mark, so it’s definitely expensive compared to the rest of what’s out there for retail traders. However, NV positions the company as being ‘better’ and ‘different’ to all of the other retail educators out there that don’t have a clue what they’re doing, which is definitely somewhat valid.

G7FX YouTube

Much like KB TradingOpens in a new tab.

NV posts a huge amount of fairly transparent content on the channel, breaking down trade reviews, partial MyFxBookOpens in a new tab.

G7FX ForexPeaceArmy – Resources You Might Find Useful

Since running his huge marketing campaign over the last year or so, G7FX has been an extremely contentious figure in the industry with a lot of devout followers and a lot of haters. I thought I would compile a list of links to threads on FPAOpens in a new tab.

The main points of contention seem to be:

Again, this is all alleged from students and traders that are more involved with NV than I am – I am just relaying the information for you to make your own decisions. Here are some useful resources:

https://register.fca.org.uk/s/individual?id=003b000000KT7c7AAD

https://www.forexfactory.com/thread/465083-nv-trader-is-not-credible-ex-institutional-trader?page=6

https://www.forexpeacearmy.com/community/threads/g7fx-nv-nirav-neerav-vadera-exposed-as-a-scammer-fake-guru.69009/page-3#post-396483

https://www.forexpeacearmy.com/community/threads/nv-neerav-vadera-verifiedtrading-g7fx-exposed.68391/

What Makes G7FX Different Than Other Forex Courses?

Over the last few years, forex educational courses have been plentiful in the market. You just need to look at our best 30 forex educational courses listOpens in a new tab.

Well, what sets G7FX apart is that NV has institutional experience. You aren’t being taught price action strategies, which are essentially just drawings on a chart. Drawings on charts have no real meaning and although you can make money with them, the market isn’t moving in price due to you drawing a trend line.

G7FX aims to teach traders the actual mechanics behind markets and how the real buying and selling works. NV also claims to be extremely transparent and show real, verified results. With that being said, I’m yet to find a single forex mentor or educator that has a constant MyFxBookOpens in a new tab.

Nonetheless, this course is very different from any other forex course you would find online!

G7FX Trustpilot Reviews – What Are Traders Saying?

G7FX has an Excellent reputation on TrustpilotOpens in a new tab.

Whilst reading through the reviews, it’s clear to see that traders are loving NV’s approach to the market, viewing it more from an order flow and true supply/demand perspective, rather than technical analysis with a bit of fundamentals like the majority of forex traders seem to do. I have even seen that some of the reviewers are now claiming to be FTMO FundedOpens in a new tab.

The Trading Strategies Taught By G7FX

Whilst I won’t be going into the exact trading strategies that NV is teaching, I will breakdown what kind of forex trader they would suit. The large majority of trades, if not all trades, will be closed the same day. In fact, the large majority of trades NV takes will be closed within a few hours of opening.

The strategies aren’t using time frame candles like usual retail trader strategies you would learn on BabypipsOpens in a new tab.

In short, the methodology won’t work for those traders that want to only check the charts every daily close. This is real trading and requires extreme discipline, time commitment and focus. One benefit, however, is the fact that the quick trades would be perfect for someone looking for funding.

I would highly recommend looking at some of the industry leading prop firmsOpens in a new tab.

In Summary – Is It A Scam?

In short, it’s impossible to be sure about whether or not G7FX is run by a consistently profitable trader, or just an ex Barclays trader that is now more focused teaching. G7FX does have a huge amount of really valuable content, with lessons being extremely lengthy and in-depth, as well as a huge amount of positive reviews from students – I personally really enjoyed the content as well and I think it’s certainly one of the best forex trading courses in the market.Opens in a new tab.

NV, the founder, has been around in the retail space for many years now and is very well known for a number of reasons, not all positive, leading to a huge amount of negative pushback as well regarding his authenticity.

If you have any experience with this mentorship I’d love to know your thoughts in the comments below.

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

Recent Content