There are thousands of forex courses, educators and mentors out there looking to take money out of our hands in exchange for teaching us the craft of forex trading. With so many new players in the space, it’s created a huge amount of opportunities for budding forex traders but also a huge amount of opportunities for scammers looking to sell us repackaged content for a high price, without ever trading profitably themselves.
In this article we are going to be taking a look at Transparent Fx, a forex education service ran by trader Niccolo Testa, a very well known figure in the online retail trading community. Is this company legit? Is this the right education for you? Let’s find out now…
Who Are Transparent Fx?
Transparent Fx is a trading education service that teaches a range of rule based trading strategies to retail traders all around the world. They claim to have students in over 100 countries and over 2800 students have now passed their training academy – impressive!
The company, trading as TFX Education LTD is ran in Malta by a fairly well known figure in the space called Niccolo Testa. Niccolo appears in all of the free and paid training videos, preaching transparency and brings an air of trustworthiness that a lot of forex mentors really don’t have.
They, unlike some other companies, guarantee no profits at all and preach the fact this is not a get rich quick scheme, in fact, far from it. This is really great to see from TFX as we know by now that all get rich quick schemes are usually a scam. This may contribute to how the company has managed to become one of the best forex trading courses in 2021.
Now we have a brief introduction to who is running this show, let’s see what Transparent Fx is trying to sell us and what kind of value we can get out of this company…
What Does Transparent Fx Offer?
It’s important to actually consider what you’re getting for your money when buying forex courses. It can be really easy to jump from course to course, mentor to mentor over the space of a few years and before you know it you’ve spent £20,000 on garbage courses and still not making profits trading! With that being said, let’s see what’s on offer here…
This is what we are here for – the education and trading strategies being taught! Most mentors will teach the basics of trading and no actual trading strategies, which usually leaves the student clueless and still not profitable. However, Transparent Fx actually teaches 3 trading strategies that are completely rule based, for you to implement in your trading!
You’ll be getting access to a huge amount of education that will be beneficial for any traders around the world. This includes:
- 3 RULE BASED trading strategies (some of the best strategies in the industry)
- Risk management training
- Reading the market training
- Finding market direction training
- How to take swing trades
- Cheat sheets
- COT analysis
And much more with more content being uploaded every single day! In terms of value for money, it’s definitely here and the strategies alone will be worth the price tag if they’re able to make you consistent profits. Instead of spending the next 2 years backtesting to find your own trading strategies, implementing someone else’s is always a potentially faster way to reach profitability.
I don’t see any other forex trading courses looking into the COT/institutional data, which really sets Transparent Fx apart from the crowd.
After signing up, you’ll have access to constant market breakdowns that are focusing on trades, using the strategies taught in the course, with a minimum risk to reward of 1:3. Although Niccolo posts a lot of market breakdowns on his YouTube Channel for free, these videos are much more in depth and specific to your trading strategies.
Each and every day you’ll get market breakdowns which look at setups forming, stop losses, take profits, analysis and in-depth market sentiment coverage. If the strategies being taught are consistently profitable then this is absolutely ideal! You’ll be able to have eyes on the charts 24/5 without having to spend all day at the computer screens, in theory!
Transparent Fx offers account funding to students that are able to prove profitability over 6 months of live trading, using the strategies taught in the mentorship program. This will range from a minimum of £25,000, scaling up to £250,000 and you’ll receive a profit split of 50%-80%.
I actually reached out to Nicollo, the owner, about the funding as I couldn’t find too much information. It transpires that they don’t actually offer any funding – they sponsor traders to go on and get funded from the top forex prop firms, like FTMO and DT4X Trader.
I personally think this is a great idea and I love the fact that Niccolo isn’t actually offering funding, he’s just purchasing challenges and funding for traders! I don’t see any of the other forex trading courses doing that for their students.
If getting funded is something of interest to you, I’d highly recommend checking out our Best Forex Prop Firms List, where we look at the various funding options and break down which one would suit your trading style.
Transparent Fx Pricing Structure
Transparent Fx certainly isn’t cheap when you look at it on face value, costing around $800 currently for lifetime membership. This is until you have a look at what you’re actually getting access to and you realise that the cost is really not too bad! I’m much more of a fan of paying a smaller monthly recurring fee, but regardless, you’ll be getting access to:
- Constant market breakdowns
- 3 Objective trading strategies
- 12GB of educational material
And much more! Hypothetically speaking, if the strategies and mentorship being offered for $800 could make you a profitable trader within a year or so, you could then go on to getting funding and scale up your trading accounts very quickly. TFX actually offers a funding account program but I’d definitely advise using one of the Best Forex Prop Firms instead like FTMO as the capital being offered is much higher.
Transparent Fx YouTube
I actually found out about this company through their rapidly growing YouTube channel, which seems to be doing really well over the last few months. There is actually a huge amount of value for newer traders in the videos that are being put out here, especially if you’re interested in learning the strategies being taught in the full course.
Niccolo breaks down forex trades and general analysis pretty much daily, which again is a great use to traders looking to start learning how to break down the markets without having to buy an expensive course. There’s nothing ground breaking in these videos, but it’s a start! I’d say this level of teaching is just above the kind of content you’d find on Babypips. Regardless of the fact this YouTube channel pushes traders towards the course, the transparency, if you pardon the pun, of Niccolo coming on camera every day to break down these trades is a really good sign!
Transparent Fx Tradingview
Niccolo has a fairly well respected TradingView account as well, where he posts daily analysis and forecasts of various different pairs and markets. This again is nothing to groundbreaking but it’s just more free content that he is putting out there to benefit new traders or people just looking to get a feel for the markets. He has over 140 pages of content on there at the moment, all with 4-5 minute videos breaking down his thought process! I would highly recommend following the Tradingview Account here even if you have no intention of buying the course, there’s still a lot of value to be had!
I really like the fact that Transparent Fx have a very good reputation on Tradingview and constantly shares trade ideas – I don’t think any of the other top forex courses have this at all and it really does prove transparency.
Transparent Fx Reviews – What Are Traders Saying?
By looking at Trustpilot, we can see that this company has an Excellent reputation with nearly 500 reviews clocking in at 4.8/5! This is absolutely perfect and really rare for a trading education service to actually have such a high reputation on the platform, so it really bodes well for the quality of content being put out by Niccolo.
I would definitely feel free to have a read of the Trustpilot reviews here but the overwhelming consensus is that people absolutely love the content and mentoring that Transparent Fx is offering traders. It seems the rule based approach, transparency and risk management is what is really impressing traders, along with the fact their hands are being held by the mentors at all times in the community.
In Summary – Is Transparent Fx Legit?
In conclusion, Transparent Fx is a legitimate forex education service offering mentorship, support and 3 objective trading strategies to traders. With a focus on high quality setups, COT data and risk management it’s clear to see why over 500 traders are absolutely loving the content being put out by Niccolo, both for free and in the course. I personally think Transparent Fx is one of the best forex courses in the industry.
The selling point for me is the fact you are buying actual strategies, rather than basic knowledge then being told to find your own strategy, which frankly is useless.
If you have any experience with the company please do let me know in the comments down below, I’d love to hear how the strategies are working for you.