19 Best Forex Signals Providers in 2020

As volatility hits the markets, more and more ambitious traders enter the market trying their luck in a chance to win big through trading forex. However, as most of them don’t have the time to read or analyze the markets they turn to services or professionals for guidance. This guidance is providided in the form of forex signals or trading alerts.


What Are Forex Signals?


forex signals


A forex signal by definition is a trading idea or suggestion for placing a trade on a specified currency pair or financial instrument, usually at a specific price point in time. The trading signal is generated either by an experienced trader or financial analyst or a forex robot. Then the signal is distributed by a specified signal provider or service.


Important: Always keep in mind that past performance does not guarantee future performance or guaranteed profits.


Best Forex Signals Providers in 2020


Here is an overview of the best signals providers you can use in 2020:

  • ForexSignals.com – More Than 83,000 Active Users
  • Etoro – The World’s Biggest Social Trading Network
  • Autochartist – More than 1,000 Trading Opportunities Every Month
  • FXStreet.com – Premium Signal Subscription Service
  • MQL5 – Trading Signals and Social Trading on MT5
  • ZuluTrade – Copy Trading Signals
  • Duplitrade – Automated Trading Made Simple

ForexSignals.com – More Than 83,000 Users


Forexsignals.com is a reputable online community of traders with more than 83,000 users worldwide. The community is run by advanced experts with a collective trading experience of more than 50 years. The service operates an advanced trading room, where traders can interact and test their strategies. To get access to the signals, one must choose a suitable subscription plan. Success Rate: Unverified as signals come from multiple sources (source)

forextrading.com subscription


Etoro – The World’s Biggest Social Trading Network


As Etoro suggest, they have simplified trading by allowing their clients to interact and copy each other through their advanced copy trading platform. As their latest campaign suggests – Trade Like an Eric, Copy Like a Sloth.

Etoro offers Copytrader, one of its most popular feature that allows you to view what real traders are doing in real time and copy their trading automatically. A usefule tool for beginners and experienced traders.

Success Rate: The 50 top copied traders of Etoro for 2019 had a 29.1% yearly profit (source)


Autochartist – More than 1,000 Trading Opportunities Every Month


AutoChartist offers proprietary technology that allows to monitor thousands of financial instruments across Forex, Commodities, Indices, Stocks, Futures and CFDs. This is done on an hourly and daily basis in order to provide timely and accurate trading opportunities within minutes of a pattern formation.

AutoChartist delivers the following:

  • 1000+ actionable trade opportunities per month across all financial markets
  • Chart patterns, Fibonacci patterns and Key Levels that are identified in real-time
  • High-quality trading opportunities that save traders time
  • Visual Quality indicators and advanced search function

Success Rate: 70% success rate (source)


FXStreet.com – Premium Signal Subscription Service

fxstreet forex signals

FXStreet.com has created a subscription service that provides premium manual forex trading signals to anyone. The FXStreet.com signal service can generate n average of 5 signals per day, depending on market conditions and trading opportunities identified by their analysts team.

The strategies provided work on a few time frames, anything from a minute to a daily timeframe. Therefore their holding times can be considered from short term intraday to long term position trading.

Success Rate: 45% -55% historic win rate(source)


MQL5 – Trading Signals and Social Trading on MT5

mql5 signals

MQL5 is the homepage of our beloved Metatrader 5 platform. Metaquotes provides a verified space where all traders can post and share any trading ideas or signals they wish to share with the world.

Forex signals provided by MQL5 divided into the following categories:

  • Maximizing profit
  • Based on the Reliability of the Provider
  • Being Profitable within a month
  • Intraday trading
  • For under 50 USD budget
  • Having good reviews
  • Trading with Leverage 1:100
  • Using robots or EAs

Success Rate: Unverified as the signals come from multiple sources (source)



ZuluTrade – Copy Trading Signals


zulutrade traders

Zulutrade is considered one of the largest copy trading communities in the world. Zulutrade is licensed and regulated in Europe and Japan.

What makes the services unique is that traders can connect any of their current broker accounts and copy any trader within the community. This can be done by paying a small fee(usually 20%) from the profits generated.

Success Rate: Unverified as signals come from multiple sources (source)


Duplitrade – Automated Trading Made Simple


Duplitrade is on a mission to become the world’s leading automated trading platform, by offering a unique trading experience through proven strategy providers. The objective is simple, bring experienced traders and new traders together.

One of the advantages of the service is that all strategy providers are audited regularly and have to prove they know how to trade professionally before providing any signals or strategies.

The drawback of this service is that there is a minimum deposit of 2,000 EUR in order to use the service.

Success Rate: Unverified as there are multiple signal providers (source)


Other Forex Signals Providers

  • MyFXBook – Automated Trading Forex Community 

    A Social Trading community that allows traders to trade ideas and copy other traders. The website also offers portfolio management services. Success Rate: Unverified(source)

  • Markets.com

    One of the leading award winning forex brokers in the world. Markets.com offers a tailored solution of forex trading signals to their clients via their proprietary trading platform MarketsX. Success Rate: Unverified(source)

  • CMTrading

    CMTrading, a leading broker in the Africa region, offers its clients the ability to utilize forex trading signals provided by their team of experts. Signals are provided as a trading tool and are advised to only be used as guidance. Success Rate: Unverified(source)

  • DDMarkets

    DDMarkets work on a subscription model, and provide 1-4 forex trading signals per day. Their signals cover all financial markets and are usually based on both fundamental and technical analysis. Success Rate: Unverified(source)

  • Forex Signal Factory

    Forex Signal Factory is a global community of traders, with more than 45,000 members. In contrast with other signal provider services, they refer their members to selected brokers and earn a commission from the clients successful trades. Success Rate: Unverified (source)

  • Darwinex

    Darwinex is an online broker that enables sophisticated traders to trade the market and investors to back them. Darwinex supports algorithmic trading and therefore copy trading and social trading. Success Rate: Unverified(source)

  • Learn2Trade

    Learn2Trade is a forex signal provider that offers signal through an exclusive telegram channel. The service covers all major financial markets with 3-5 verified signals per day. The service claims to enable traders to make an avarage of 30%-40% monthly profits. Success Rate: 82% Win Rate(source)

  • Pips Alerts

    Pips Alerts is a forex signals providers that offers signals through their app or MT4 plugin, through selected traders within its network. The service charges a subscription fee and does not guarantee any results. Success Rate: Unverified(source)

  • Fxleaders.com

    Once a forex affiliate website, fxleaders.com now operates s a forex signal provider on a subscription basis. You can either follow the signals provided by the website directly, or utilize the signals through their premium partner, Avatrade. Success Rate: Unverified(source)

  • Signal Start

    Signal Start is a signal provider that charges a fee of only $25/month per account, but also a seperate fee on selected premium signals. You can also join the service as a signal provider for a 70% reduced subscription fee and support on generating signals. Success Rate: Unverified(source)

  • FX Luxus

    Success Rate: Unverified(source)

  • 4xClone

    Success Rate: Unverified(source)

Types of Forex Signals


There are mainly two types of forex signals, manual or automated signals. This clasification is based on how the signal is generated. In addition, a signal might be provided for free or through a paid service for a fee or a subscription. Signals can either signal a trader to enter or exit the market.

  • Manual Forex Signals or Copy Trading

Manual forex signals are usually generated by a person who is deemed a professional analyst or a seasoned trader with multiple trades under his boots.

  • Automated Forex Signals

Automated signals are usually generated by a software or algorithm that analyses multiple points on market price action.


Are Forex Signals Worth Using?

Forex signals are useful for both new and experienced traders.

  • New traders can use signals to accelerate the process of learning how to trade, and make money while still practising and reading on how to properly trade the markets.
  • Experienced traders can use forex signals as a guide to new trading strategies, instruments and styles of trading. In a way they can get an idea of what is possible to trade, outside of their usual scope of assets.

However it is essential to note that, in the fast and dynamic foreign exchange market, a trading signal is only as useful if received and used within the specified timeframe. If obtained or used late the opportunity is already gone.