Updated: 05/16/2024

20+ Best Forex Signals Providers

If you’re looking for the best forex signals, you can generally distinguish between using key factors…

Best Forex Signals Providers
04 Jul 2023
WRITTEN BY Chad Smith
EDITED BY Henry Hicks
REVIEWED BY Chris Padgett

Table of Contents

If you’re looking for the best forex signals, you can generally distinguish between using key factors such as cost, strategy, results, and frequency.

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

Read on for more information about forex signals and to check out Forexbrokerlisting’s picks for the best free, premium, and low-cost forex signal providers. We have gathered information on more than 20 providers from around the world to provide you with as much transparency as possible.

Summary Table
Are forex signals legal?Yes
InstrumentsForex, Commodities, Indices, CFDs
Are forex signals safe to use?Yes
Who is the best signals provider?FxLeaders

Best Forex Signals Providers in 2024

Here is an overview of the best signal providers in 2024:

  • FXLeaders – Best Tools For all Sorts of Traders
  • Learn2Trade – Best Signals Service with 82% Win Rate
  • CryptoSignals.org – Best Cryptocurrency Signals
  • 1000pipbuilder.com – Best For Technical Trader’s Satisfaction
  • DDMarkets – More Than 7+ Years of Transparent Trading
  • Zero To Hero Forex Signals – Most Consistent Performance
  • FXPremiere.com – Best for Beginners
  • Forexsignals.com – More Than 83,000 Active Users
  • Etoro – The World’s Biggest Social and Copy Trading Platform

FXLeaders – Best Tools For all Sorts of Traders

4.8 / 52314 ratings
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FXLeaders is a comprehensive hub for traders worldwide, offering a wide range of vital services. Traders using this platform gain access to essential resources such as financial news, market analysis, forex signals, trade ideas, an economic calendar, trading dashboards, live rates, and charts.

CategoryDetailsSources
Performance MetricsMonthly target: 200-300 pips, Win rate: Approximately 70%FXLeaders
Communication MethodsTelegram, Email, WebsiteFXLeaders
PricingFree signals available, Premium plans start at $39.99 per monthFXLeaders
User TestimonialsGenerally positive reviews, rated 4.5/5 on TrustPilotTrustPilot
Unique FeaturesReal-time signal alerts, comprehensive market analysis, educational resources, trading strategiesFXLeaders

Initially known as FX Market Leaders, the website was launched in 2012 with a primary focus on catering to Forex day traders. Over time, it expanded its scope to include commodities, stocks, indexes, and cryptocurrencies. The website’s operational team is spread globally, with analysts based in various locations from Australia to the US and its headquarters in Tel Aviv and Macedonia.

FXLeaders provides its services through multiple mediums, including web-based platforms and Android and iOS applications. To ensure global accessibility, the platform operates in five languages: English, Italiano, Deutsch, Arabic, and Norwegian. The website has gained significant popularity, boasting a large user base with over 500,000 registered members.

FXLeaders is now the largest forex signals provider, and most of its trading signals are free, making them user-friendly and easily accessible. Additionally, the platform offers a paid version that includes valuable features for day traders, such as alerts, long-term signals, and history reports. Here’s a breakdown of a typical trading signal on FXLeaders:

  1. Currency pair: The trading signal specifies the currency pair to trade, such as EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen), or any other combination.
  2. Signal Type: The signal indicates whether it’s a buy or sell recommendation, such as “Buy EUR/USD” or “Sell GBP/JPY.”
  3. Entry Point: The entry point is the specific price level for the trade. It’s the ideal price at which the trader should execute the trade.
  4. Stop Loss: A stop-loss level is provided to limit potential losses. If the trade moves in the opposite direction, reaching the stop-loss price, the trade will automatically close to prevent further losses.
  5. Take Profit: The take-profit level is the target price at which the trader aims to close the trade with a profit. Once the currency pair reaches this level, the trade will close automatically.
  6. Risk-Reward Ratio: The risk-reward ratio represents the potential reward compared to the risk taken on the trade. For example, a risk-reward ratio of 1:2 means that the trader aims to gain twice the amount they risk on the trade.
  7. Timeframe: The recommended timeframe indicates the period the trading signal validates. It could be for short-term day trading or longer-term swing trading.

It’s important to note that trading signals provided by FXLeaders are for informational purposes and not financial advice. Traders should exercise caution and perform their analysis before making any trading decisions.

Learn2Trade – Best Signals Provider with an 82% Win Rate

4.4 / 51036 ratings
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Learn2Trade is a renowned forex signal provider that offers signals through an exclusive Telegram channel. The service covers all major financial markets with 3-5 verified daily signals. It claims to enable traders to make an average of 30%- 40% monthly profits. 

CategoryDetailsSources
Performance MetricsWin rate: 82%, Monthly target: 500 pipsLearn2Trade
Communication MethodsTelegram, EmailLearn2Trade
PricingFree plan available, Premium plan at £35 per month, discounts for longer subscriptionsLearn2Trade
User TestimonialsHighly rated, with numerous positive reviews and success stories from usersTrustPilot
Unique FeaturesReal-time alerts, detailed trade setups, educational content, market analysisLearn2Trade

Powerful Signals Backed by Expertise and Technology

leearn2trade website

Learn2Trade’s signals are meticulously prepared by a team of expert traders based in the UK. These signals fusion their extensive trading experience and cutting-edge technology, incorporating AI and machine learning algorithms. By continuously monitoring and scanning the markets, Learn2Trade identifies potential trading opportunities in real time.

Comprehensive Coverage and an Exclusive Telegram Channel

Subscribers gain access to a VIP Telegram group where they receive timely trading suggestions. Learn2Trade covers all major and minor forex pairs and select cryptocurrencies such as Bitcoin, Ethereum, and Ripple. The exclusive Telegram channel ensures swift signal distribution, allowing traders to act promptly on the provided opportunities.

Clear and Actionable Trading Signals

Each Learn2Trade signal contains vital information for placing a trade, including the entry point, stop-loss, and take-profit levels. This transparency empowers traders to make informed decisions based on the provided guidance. Moreover, Learn2Trade allows clients to choose their preferred broker for executing the trades.

Subscription Options to Suit Your Trading Goals

Learn2Trade offers two subscription options: Free and Premium plans. The Free plan allows users to test the service and receive three signals per week. For those seeking a more comprehensive experience, the Premium plan delivers 3-5 signals daily, five days a week. The subscription costs for the Premium plan are as follows:

  • 1 Month: £35
  • 3 Months: £65 (£21.66/month)
  • 6 Months: £95 (£15.83/month)
  • Lifetime Access: £250

Endorsement by Regulated Forex Brokers

Learn2Trade’s credibility is further reinforced by its partnership with regulated forex brokers like Etoro, Alvexo, and Markets.com. These reputable brokers endorse and promote Learn2Trade’s signals through their regulated platforms, instilling confidence in the service’s legitimacy and reliability. Learn more about intelligent investing at Neo Invest Pulse.

Is Learn2Trade Legit?

Learn2Trade is a safe and verified service that adheres to industry standards. It is widely recognized and endorsed by well-known and highly regulated forex brokers. However, while forex signals can be valuable, they do not guarantee absolute future price predictions. It is advisable to use sensible stop-loss orders to manage risks effectively.

In conclusion, Learn2Trade’s high-quality signals, comprehensive coverage, and commitment to traders’ success make it a top choice for those looking to enhance their Forex trading endeavours. Learn2Trade is considered to be a safe and verified service.

*Note: As great as forex signals can be, they will never have the capacity to correctly predict the future price of an asset beyond doubt. As such, you should always install sensible stop-losses to ensure you are able to effectively mitigate your risks.

CryptoSignals.org – Best Cryptocurrency Signals

4.4 / 5512 ratings
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CryptoSignals.org is a cryptocurrency-specific signal service provided by the expert analyst team of Learn2Trade. It was formed by a team of highly trained traders who have been trading the cryptocurrency market since 2014; they decided to create a community on Telegram so that others can learn from our accurate cryptocurrency signals.

CategoryDetailsSources
Performance MetricsMonthly target: Not specified, Win rate: Approximately 85%CryptoSignals
Communication MethodsTelegramCryptoSignals
PricingFree signals available, Premium plans start at £35 per monthCryptoSignals
User TestimonialsGenerally positive feedback, rated 4.4/5 on TrustPilotTrustPilot
Unique FeaturesFocus on cryptocurrency markets, real-time alerts, comprehensive market analysis, and educational resourcesCryptoSignals

CryptoSignals.org boasts a dedicated team of in-house traders who tirelessly monitor the crypto markets, ensuring you never miss out on potential trading opportunities. Utilizing a blend of in-depth technical analysis, AI algorithms, and fundamental research, CryptoSignals.org is committed to providing valuable signals to its members and followers.

Here’s what sets CryptoSignals.org apart:

Real-Time Signals and Comprehensive Market Coverage

Like Learn2Trade, CryptoSignals.org offers an expanding VIP Telegram group to disseminate crypto signals. These signals are sent in real time and cover many cryptocurrency markets. Some signals focus on crypto-fiat pairs like BTCUSD (Bitcoin/US Dollar) and ETHEUR (Ethereum/Euro), while others target crypto-cross pairs like Polkadot, Cardano, and Binance Coin.

Transparent Pricing with a Money-Back Guarantee

CryptoSignals.org charges £42-£210 per month, with a slightly different pricing structure from Learn2Trade. The provider offers a 30-day money-back guarantee to ensure your satisfaction upon signing up. This allows you to test the service before committing. Additionally, CryptoSignals.org provides free weekly crypto signals for those who prefer to dip their toes in the water before committing financially.

cryptosignals.org pricing

High-quality signals with Technical Analysis

CryptoSignals.org delivers three VIP signals per week in their free Telegram group. Each signal is accompanied by a comprehensive technical analysis, providing insights into the trade’s reasoning and guidance on executing it through your preferred broker.

Premium Forex Signals Service with a UK Base

CryptoSignals.org is a premium forex signals service based in the UK. Its expertise and commitment to staying at the forefront of the crypto market makes it a reliable choice for traders seeking to capitalize on cryptocurrency opportunities.

CryptoSignals.org’s dedicated team, real-time signals, comprehensive market coverage, and commitment to customer satisfaction make it a notable provider in the crypto signals space. Whether you’re an experienced trader or just starting out, CryptoSignals.org offers the tools and insights to support your crypto trading journey.

1000pipbuilder.com – Best For Technical Trader’s Satisfaction

4.2 / 51005 ratings
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1000pipbuilder.com is a premium forex signal provider founded and operated by Bob James, a skilled forex trader who worked in multiple financial institutions across London. Bob has more than ten years of trading experience and is proficient in fundamental and technical analysis, which helps him identify opportunities where others can’t.

CategoryDetailsSources
Performance MetricsMonthly target: 350 pips, Win rate: Approximately 75%1000pipBuilder
Communication MethodsTelegram, Email, SMS1000pipBuilder
PricingPlans start at £44 per month, discounts for longer subscriptions1000pipBuilder
User TestimonialsHighly rated, numerous positive testimonials and verified results on MyFXBookTrustPilot
Unique FeaturesVerified performance, real-time alerts, comprehensive trading strategies1000pipBuilder

1000pipbuilder.com is based in London. Therefore, the signals focus on the Asian, US, and European sessions. The service provides signals 24/5 and covers multiple financial instruments, from majors to commodities and indices. Subscribers can receive their signals via email, SMS, or the premium Telegram channel, where the signals are posted. The prices are flexible; anyone can join this service for as little as $97 monthly.

1000pipBuilder.com is one of the best Forex signal providers available. It has a long history of providing high-quality Forex signals and has reliably performed in the most challenging market conditions.

As an established Forex signals provider, 1000pip Builder has built a loyal following over the years and is highly recommended by their members. They have achieved numerous 5-star ratings from experts and members. Just check their TrustPilot ratings to see how highly rated this service is compared to other Forex signal providers.

Is 1000pipbuilder.Com Safe?

The service is entirely transparent with its clients, and the key benefit of 1000pip Builder is that they can prove their performance with independently verified historical data.

Few Forex signals services can provide this, but 1000pip Builder has such confidence in their signals that MyFXBook tracks their FX signals. This verification means that you, too, can have confidence in the signals you will receive.

The team at 1000pip Builder is led by Bob James, a highly skilled forex trader who worked in multiple financial institutions across London. Bob has more than ten years of trading experience and is proficient in fundamental and technical analysis, which helps him identify opportunities where others can’t.

In addition to the high performance of the signals, members are often impressed by the one-to-one support they receive from Bob. Rather than providing random educational guides (like many other Forex providers), Bob believes that the best way to benefit from the Forex signals and to develop as a trader is to have direct contact with a professional trader.

Only by trading with a professional Forex trader and mentor can you succeed in Forex. This additional support has enabled members to benefit from the signals and significantly improve their trading.

DDMarkets – More Than 7+ Years Of Transparent Trading

DDMarkets works on a subscription model and provides 1-4 daily forex trading signals. Their signals cover all financial markets and are usually based on fundamental and technical analysis.

Their goal is to provide genuine and transparent forex signals through their extensive market analysis.

They cover most major instruments, including forex, crypto, commodities, indices, and stocks, and offer swing, medium, and long-term trading strategies based on technical and fundamental analysis.

CategoryDetailsSources
Performance MetricsMonthly target: Not specified, Win rate: 70-80%DDMarkets
Communication MethodsEmail, WebsiteDDMarkets
PricingPlans start at $59 per month, discounts for quarterly and annual subscriptionsDDMarkets
User TestimonialsPositive reviews, transparency in trading history and performanceForexPeaceArmy
Unique FeaturesTransparency in trading performance, detailed market analysis, educational resourcesDDMarkets

Who Is DDMarkets?

Established in 2014, DDMarkets provides transparent signals in multiple markets. The main focus is on the Foreign Exchange (Forex) market. The trading strategy for the signals is provided, ensuring all members understand why the trade was initiated.

DDMarkets control the number of open trades to limit the potential drawdown provided for every trade. In addition, the size of the stop-loss orders is driven via technical analysis. The stop losses are not fixed and greatly depend on the time frame used for the signals. DDMarkets dismiss trades with huge stops, such as 400 pips, as recovery from such losses takes some time.

Besides the above, the DDMarkets team controls the currency exposure and potential loss from open trades. The number of stops for all open trades is below 500 pips. This is done to prevent losses from spiralling out of control. Like more signal providers, there are profits as well as losses. The key component is consistency, which is available in the +7 years’ performance.

The trade signals are sent via email, and most trades are initiated around the daily close, but trades are also occasionally sent during the European and US sessions. You will also receive daily updates on the open trades and the market.

All the majors and crosses are monitored; minors and exotic crosses are rare. The website has a dedicated section where members may see the current open trades. DDMarkets is also available via email should any trader require clarification on the open trades.

Zero To Hero Forex Signals – Most Consistent Performance

Zero to Hero Forex Signals has been one of the sector’s most consistent performers. They aim to create signals that bring steady gains with minimal drawdown. Zero to Hero focuses just as much on minimizing any drawdown as they focus on achieving the maximum profit of pips. This strategy is particularly well suited to traders with a small trading account.

What Is It Like To Be A Member Of 0toheroforexsignals.Com

This service provides around 4-10 daily Telegram, email, and SMS signals. The signals are elementary to follow and use a single-take profit level. New members receive an email explaining everything about the service and how to track the signals.

Example Forex Signal

  • USDJPY BUY
  • Open at: 110.52
  • Take Profit = 110.95
  • Stop Loss = 110.30

This service has several membership options, with significant discounts for multi-month subscriptions. If you value consistency in your Forex signals (especially if you have a small account), Zero to Hero Forex Signals would be an excellent choice of Forex signals provider.

Success Rate: Unverified(source)

FXPremiere.com – Best for Beginners

FxPremiere FX Trading Signals started in 2010 and has more than 12 years of experience in the market. It takes lots of experience, moderate knowledge of economics, and hard work. FXPremiere is considered an intermediate Online affiliate in the Forex Signals Arena. The service provides signals only on FX currency pairs and does not endorse any binary options brokers.

FxPremiere is not run by a team of financial analysts. It is solely an intermediate to over 50 signal source of Forex Signals online, and they send packages to their premium members starting from $37 per month. FxPremiere does all the hard work for you and saves you the effort.

They are more than happy to let their traders know that they recruit more professional and experienced FX trading analysts according to demand and supply. They are always committed to considering their traders’ interests first. Subscribers will not be frustrated if they buy the Forex signals package from top-rated FX signal providers like FxPremiere Group.

Is The FxPremiere Forex Signal Service Free?

Although it is correct that FxPremiere also offers a premium service, they provide several free signals to those yet to subscribe from the Free FX Signals Telegram Channel.

With this in mind, they allow free members to receive up to 2 signals daily. You’ll be able to get our signals from the FxPremiere telegram group, and of course, you can try them out for yourself before committing.

If you then decide to upgrade to the premium plan, you will gain access to the entire members’ VIP Telegram Channel. This means you will get up to 15 signals daily, five days per week.

Success Rate: Unverified(source)

ForexSignals.Com – More Than 83,000 Active Users

Forexsignals.com is a reputable online trading community with more than 83,000 users worldwide. It 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 access the signals, one must choose a suitable subscription plan.

ForexSignals.com was founded in 2012 by avid trader Nick McDonald, who was relatively new to the Forex industry at the time. Having noticed a lack of community-based support resources within the industry, he decided to take action and create a platform for fellow traders to share ideas and help each other.

ForexSignals.com has more to offer to its subscribers. While using the service, you gain access to hundreds of educational videos and workshops to help you become familiar with a trader’s mindset, and individualized private sessions with mentors are available if you want to learn even more about trading.

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

Etoro – The World’s Biggest Social and Copy Trading Platform

As Etoro suggests, 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 features. This feature allows you to view what real traders are doing in real time and copy their trading automatically. It is useful for both beginners and experienced traders.

One innovative feature of Copytrader is CopyPortfolios, where eToro groups traders into a single fund you can copy or mirror. CopyPortfolios help bridge the gap for investors who want to use eToro passively, as they can create a portfolio based entirely on one or more CopyPortfolios, from various verticals and trading philosophies. On the other hand, self-directed traders can also use CopyPortfolios to diversify their trading, making it potentially useful for all eToro clients.

All traders on eToro trade manually. Fully automated trading systems, such as those supported on MetaTrader, are prohibited at eToro. Therefore, when you copy another trader on eToro, you can be sure they place each trade manually. This quality is useful to know as many other social trading platforms that aggregate traders’ performance usually permit both discretionary (manual) trading and automated strategies. At the same time, eToro’s network consists solely of real traders doing manual trading.

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

Other Forex Signals Providers

Autochartist – More Than 1,000 Trading Opportunities Every Month

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

AutoChartist delivers the following:

Success Rate: 70% success rate (source)

FXStreet.Com – Premium Signal Subscription Service

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

The strategies provided work on a few time frames, from a minute to a daily timeframe. Therefore, their holding times can be considered for 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 is the homepage of our beloved Metatrader 5 platform. Metaquotes provides a verified space where traders can post and share any trading ideas or signals they wish with the world.

Forex signals provided by MQL5 are 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

MQL5 allows anyone to provide trading signals and ideas, which might put off some potential service users since it is unfiltered. Still, each trader’s performance is evaluated and rated concerning their return on investment (ROI), the number of trades within a given time frame (trading frequency), and the maximum drawdown experienced in their trading account.

In addition to the wide range of diverse strategies, the MQL5 market verifies all of its providers’ trading results, compared to other forex signal providers that may be reluctant to do so.

The site also provides software to filter the numerous traders by variables such as ROI, maximum drawdown, and net profit.

While the service itself is offered free of charge, you must pay a signal fee of $20-$50 to most individual traders to get trading signals, although some star traders ask as much as $500 for their signals.

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

ZuluTrade – Copy Trading Signals

Zulutrade is considered one of the world’s largest copy-trading and forex signals communities. Zulutrade is licensed and regulated in Europe and Japan.

The services are unique because 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.

The ZuluTrade service is a social and copy trading online platform that allows users to mimic the investing strategies of trading “experts” in forex markets. The user base is typically split into signal providers and followers.

Signal providers are generally traders who have developed a strategy that is willing to share and can be copied by their followers. Followers can also mimic the strategy of the portfolios created by other followers. Signal provider compensation fees are based on the success and popularity of their trading strategies.

The platform also has several features, including ZuluGuard, that automatically unfollow signal providers if their trading strategies change. Lock Trade allows users to verify the execution of a trade after the signal has been received. The website also features several social network-like features, including comments and forums.

The platform also has a ZuluScript feature that allows users to create scripts that designate specific parameters as criteria for trading robots (known as “Expert Advisors”) to start making trades automatically. Additionally, ZuluTrade operates a binary option social trading platform.

ZuluTrade ranks investor performance and allows investors to observe and copy other traders’ portfolios immediately. The simulator provides this, which shows an overall profit, alerts the user if a margin call occurs, and even allows the user to download a spreadsheet of all the simulated trades. The platform works with many verified and reputable forex brokers.

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: to bring experienced traders and new traders together.

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

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

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

MyFXBook.com – 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.  You can set up automated systems to copy the trades of successful traders, track their performance, and get access to analytics tools for better decision-making. The website also provides educational resources to learn from experienced traders and improve your trading knowledge.

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, it refers its members to selected brokers and earns a commission from the clients’ successful trades

They provide daily trading signals, news and updates, and various tools to help traders make more informed decisions. The service also provides educational material for those new to the Forex market or just starting out. To ensure quality, the team monitors all signals before they’re posted on their website.

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, copy trading, and social trading. Investors can use the platform to back, follow, and replicate trading strategies created by experienced traders. Darwinex focuses on helping investors get returns from their investments while controlling risk.

The broker also offers competitive spreads, fast execution, and comprehensive analysis tools to its users. With its innovative approach, Darwinex is quickly becoming one of the leading brokers in the online trading industry. With Darwinex, investors can soon diversify their portfolios and access global markets. The platform constantly innovates to provide its clients with the best possible experience. If you’re looking for a reliable broker to trade the markets, then Darwinex should be your first choice.

Success Rate: Unverified(source)

Pips Alerts

Pips Alerts is a forex signals provider that offers signals through its app or MT4 plugin through selected traders within its network. The service charges a subscription fee and does not guarantee any results. Unlike other services, it doesn’t work with binary options brokers like IQCent and Pocket Option.

Pips Alerts provides traders with signals and setups created by its network of professional traders. These traders analyze the market and provide timely, targeted information to subscribers that can be used for trading decisions. With Pips Alerts, you get real-time entry points, stop loss levels, and take profit targets so you know exactly when to enter.

Success Rate: Unverified(source)

Signal Start

Signal Start is a signal provider that charges a fee of only $25/month per account and a separate fee on selected premium signals. You can also join the service as a signal provider for a 70% reduced subscription fee and support in generating signals.  We offer a variety of platforms, including MT4/MT5, Meta Trader 5, and NinjaTrader 8. You can also connect to our 24/7 support team via email or live chat for help with installation, setup, and signal analysis. With Signal Start, you get the best possible experience in online trading signals and access to top-tier market analysis.

Success Rate: Unverified(source)

FX Luxus

The idea behind this service is to provide users with Free Forex Signals via the MT4/MT5 Copier. This allows the team to provide reliable and accurate information on the trades you need to make to maximize your profits and improve your trading strategies. Their signals are carefully analyzed, tested, and verified by their experts who have specialised in Forex Trading for years. They will inform you of which currency pairs are most profitable at any given moment.

Success Rate: Unverified(source)

4xClone

4xClone has been designed for clients who don’t have time to trade or want to earn passive income manually. This platform allows users to copy and synchronize the trades of their chosen traders, which will be automatically placed in their accounts. 4xClone also offers a unique Algo trading feature, allowing users to build custom strategies that can trade on autopilot with minimal input from the user.

  • Use ANY Broker of your Choice
  • 150-500+ Pips Weekly Average!
  • Fully Automated Copy Trading
  • All Forex Signals are Automatically Traded to your Broker (no manual trading)
  • €500.00 Six-Month Subscription

Success Rate: Unverified(source)

Best Forex Signals Providers Comparison

CriteriaFXLeadersLearn2TradeCryptoSignals.org1000pipbuilder.comDDMarkets
Performance MetricsMonthly target: 200-300 pips, Win rate: ~70%Monthly target: 500 pips, Win rate: 82%Monthly target: Not specified, Win rate: ~85%Monthly target: 350 pips, Win rate: ~75%Monthly target: Not specified, Win rate: 70-80%
Communication MethodsTelegram, Email, WebsiteTelegram, EmailTelegramTelegram, Email, SMSEmail, Website
PricingFree signals, Premium: $39.99/monthFree plan, Premium: £35/month, discounts for longer termsFree signals, Premium: £35/month£44/month, discounts for longer terms$59/month, discounts for longer terms
User TestimonialsRated 4.5/5 on TrustPilotHighly rated, positive reviewsRated 4.4/5 on TrustPilotHighly rated, positive reviewsPositive reviews, transparent trading history
Unique FeaturesReal-time alerts, market analysis, educational resourcesReal-time alerts, trade setups, educational contentFocus on crypto markets, real-time alerts, educational resourcesVerified performance, real-time alerts, comprehensive strategiesTransparency, detailed market analysis, educational resources

Analysis and Recommendations:

  • Performance Metrics: Learn2Trade and CryptoSignals.org have higher reported win rates, which might appeal to those prioritizing performance.
  • Communication Methods: If you prefer receiving signals via multiple channels, 1000pipbuilder.com offers the most options.
  • Pricing: FXLeaders and CryptoSignals.org provide competitive pricing with free plans available.
  • User Testimonials: TrustPilot ratings can provide insight into user satisfaction. All providers have positive reviews, but Learn2Trade and 1000pipbuilder.com stand out.
  • Unique Features: Each provider offers exceptional benefits. For instance, CryptoSignals.org is best for those interested in cryptocurrency, while DDMarkets is notable for its transparency and detailed analysis.

Best Trading Signal Channels on Telegram

Trading signals are indispensable for traders, providing insights into market conditions and potential trading opportunities. With the advent of social messaging apps, receiving these signals has become more convenient than ever. Telegram, a cloud-based instant messaging service, has risen to prominence for its ability to deliver timely trading signals to users around the globe.

When trying to find the best trading signal channels on Telegram, it’s essential to consider a few factors like the accuracy of signals, reputation, and user reviews and experience. Amongst the plethora of channels offering trading insights, three have markedly risen to the zenith – Learn2Trade, CryptoSignals.org, and FXLeaders. With a sterling track record of accuracy and a burgeoning community of satisfied traders, these channels have cemented their place as indispensable resources for market lovers.

FXLeaders: Leading the Charge in Forex Trading

For those entangled in the forex market’s intricate web, FXLeaders is a beacon of clarity. The channel (@FXLeaders) provides real-time forex signals, complemented by expert market analysis. The user-centric approach and high accuracy rate have fostered a positive user experience, earning FXLeaders a robust following and sterling reviews.

Learn2Trade: Your Gateway to Informed Trading

Learn2Trade is not just a Telegram channel; it’s a seasoned guide assisting traders in navigating the often turbulent waters of the financial markets. With a battalion of skilled analysts, Learn2Trade provides precise forex and cryptocurrency signals, aiding traders in making informed decisions. The positive testimonials flooding their Telegram channel (@Learn2Trade) underscore the accuracy and the consequential positive trading outcomes its members enjoy.

CryptoSignals.org: Decrypting the Crypto Market

In the cryptic world of cryptocurrencies, having a reliable source of trading signals is a godsend. CryptoSignals.org stands out with its meticulously analyzed crypto trading signals. The channel (@CryptoSignals_org) has garnered a loyal following by offering accurate signals often accompanied by insightful market analysis, providing a comprehensive trading resource for both novices and seasoned traders.

Beyond Signals: A Community of Market Enthusiasts

What sets these channels apart is the accuracy of their trading signals and the thriving community of traders and market analysts they’ve nurtured. The interactive discussions, coupled with the shared experiences of triumphs and lessons learned, foster a rich learning environment. Moreover, the responsive support teams ensure a seamless user experience, enhancing the value derived from these channels.

How To Find The Best Forex Signals Provider?

Finding a good forex signals provider can be tricky, especially with the rise of global forex signals scams. Here are a few things to consider when choosing a forex signals provider:

  • Do proper due diligence. Verify the provider’s experience and determine their signal success rate over the past few months.
  • Is the provider regulated or audited? Brokers regulated by top-tier institutions and services audited by third parties usually provide more accurate signals.
  • Word of mouth and social proof – See what other traders say about the service provider.
  • Sign up for a free trial – Try the service before committing to a subscription or investing a lot of money.

How To Find The Best Forex Signals?

Using Forex Signals is as simple as riding a bike. Once you get the hang of it, not much skill is needed. However, choosing the right signal is essential in making or losing money.

Here are a few things to consider before choosing a signal:

  • Time zone and Time Frame—Before committing to a signal, ensure the provider is in your time zone. You must also ensure the signal is relevant and usable when you use it.
  • Success Rate – Have a look at the historic success rate of the signal provider to assess whether the source and signal are reliable
  • Go through the details – do your due diligence properly. Low-effort signal providers with only the entry price and the stop-loss and take-profit levels should be ignored. A successful trader needs to know why a signal will work and how to use it.

What to Look for in Good Forex Signal Providers

Many forex signal providers are online, but not all offer the same benefits. Some signal providers offer sound advice and are focused on achieving successful trade results. However, some could be involved in foreign exchange fraud. These essential elements will help you choose the right forex signal provider for you.

Success rate

A signal provider’s success rate (or win rate), is an indicator of how profitable their recommendations are. A high success rate of 50 to 80% for forex signal providers means that most of their signals are profitable and winning.

Many forex signal providers list their win rates on their websites. Learn2Trade, for example, states that its success rate in winning trades is 82%. A forex signal service that does not disclose its win rate may be unable to predict the market activity. Therefore, you should not trust its signals to deliver profitable trading results.

Number of Signals Per Day/Week

Forex signal providers that provide the best signals can send traders five to ten daily signals. If you intend to trade full-time, you will want to find a provider that sends signals often.

However, the reliability and accuracy of a provider are more important than the number of signals they give. You can’t trust a service that sends ten signals daily, but only one or two are successful.

Signal Delivery Methods

To make the provider worthwhile, you must receive a signal within a reasonable time frame. A forex signal provider that delays sending signals can result in outdated information being found, which could result in you losing money.

The best forex signal providers use multiple channels to ensure their signals reach their customers quickly. These providers also send trading signals via Telegram, a cloud-based instant messaging application that delivers messages quicker than any other software. Telegram signals ensure that traders receive important trading information promptly, enabling them to trade profitably. Signal services do not use Telegram.

Years in the Markets

Signal providers typically employ experienced traders who mentor customers, perform technical analysis, and conduct research. This group of traders usually has at least five years of forex trading experience. They are well-versed in the FX market trading process. When searching for the best forex signal provider, check how experienced they are and whether they receive advice from professional traders.

Customer Reviews and Satisfaction

You can learn from other customers about their experiences with a specific trading platform or signal provider. Positive reviews are more common than negative reviews for forex signal providers, which indicates that customers have had a positive experience.

It is essential to check for customer reviews on websites other than the platform’s. As a marketing strategy, the best forex signals provider should include positive website reviews. However, these reviews might not reflect customers’ overall experience.

Types of Currency Pairs/Opportunities They Cover

Forex signal services may limit their signals to major currency pairs such as EURUSD or BTCUSD. Some services offer a more comprehensive range of major, minor, and exotic pairs.

It is okay to only offer significant signals. Major pairs are the most widely traded, and most platforms profit from this popularity. To concentrate on exotic or minor currency pairs, you should look for a platform offering signals for these currencies.

Subscription Price

There are many options for forex signal services. Some platforms offer free signals, while others have several membership levels. Others only allow users to pay up to $100 monthly for signals.

Free signals may not be the most reliable or profit-oriented, but they do not necessarily indicate success. Signal providers may charge more to make their services valuable, while others may charge less to get more customers.

You will have the best chance to find profitable signals from a forex signal provider at a reasonable price.

What Are 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, financial analyst, or a forex robot. Then, the signal is distributed by a specified signal provider or service. These signals can help you determine:

  • Which forex pair to trade
  • Whether to buy or sell a pair
  • What time to enter the market
  • How much profit you can expect to make
  • How much money you could lose if your exchange fails

Traders and Investors with a technical analysis background usually use several forex signals when trading. Signal trading can improve a trading strategy by mitigating the risk of making assumptions.

Most technical traders and automated trading systems use trading signals based on technical analysis. This allows them to efficiently determine when to open or close a position based on historical data and price action.

Using forex signals in your trading could significantly enhance your profits, whether you use your signals or rely on a forex signal provider with a proven track record.

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

Is it Worth Using Forex Signals?

Overall, Yes! Forex signals are helpful for both new and experienced traders.

  • New traders can use signals to accelerate their learning of how to trade and make money while practising and reading about how to trade the markets correctly.
  • Experienced traders can use forex signals as a guide to new trading strategies, instruments, and trading styles. This gives them an idea of what is possible to trade outside of their usual scope of assets.

However, it is essential to note that a trading signal is only as helpful if received and used within the specified timeframe in the fast and dynamic foreign exchange market. If obtained or used late, the opportunity is already gone. Even though there is a certain level of risk, using signals is nothing like playing in an online casino or gambling away your money. It is more efficient.

What Do Forex Signals Include?

Forex Signals Include the following elements:

  • Signal Status – whether the signal is Active, Get Ready, or Closed. Active signals can be used right away. Get Ready signals will become operational shortly. Closed signals have expired.
  • The instrument to be traded – for example, EURUSD or Gold
  • The direction of the trade – Whether it is a BUY or SELL signal
  • The Entry point or price – Where you will enter into the trade
  • Stop Loss Level – Where the trade will automatically close if the market goes against you
  • Take Profit Level – Where the trade will automatically close once it reaches the desired outcome
  • Commentary and Details – explaining the philosophy behind the inception of the particular signal

What does a Forex signal look like?

Five pieces of information are required to create the best forex signals: pair, order price, entry price, and stop-loss. This is what a trading signal might look like:

  • Currency Pair: EURUSD
  • Order Type: Sell
  • Entry Point: 1.116
  • Stop-Loss: 1.1215
  • Take-Profit: 1.108

A trading signal should contain all the information you need to make informed trades. If you are new to trading, however, it is possible not to be able to interpret these metrics and use them to your advantage. Let’s look at each of these critical data points in the larger trading context.

Currency Pair

A “pair” is a pair of currencies, and a signal is quoting each other in forex trading. EUR is the base currency, and USD is the quoted currency in this example. Forex traders often trade in USD, so most forex trades are quoted against USD. The market categorizes currency pairs based on their liquidity and activity. There are three types of currency pairs: majors and minors.

Major pairs are the most popular and liquid currency pairs worldwide. This example shows that the EUR/USD pair is the most in-demand currency pair, accounting for approximately 30% of all forex traders. Minor pairs are those that don’t include the U.S. dollar. These pairs usually contain one of three major currencies: EUR, GBP, or JPY.

Exotic pairs are currency pairs from developing markets such as Mexico, Sweden, Norway, or Norway. They are less liquid and more volatile than other pairs, making exotic trading riskier.

Order Type

The order refers to the actions that will be taken within the trade. The signal “Sell Order” in the above example indicates that the signal predicts that the pair’s price will fall. This means you should try to profit by selling the order. If market trends predict that the pair’s value will increase, then the order would be called “Buy Order” to indicate a profitable purchase.

Entry Point

Entry refers to the entry cost at which an exchange will allow you to buy or sell. Determining the entry price can be difficult, so this information is valuable. Suppose the current EUR/USD price is 1.108 and your entry price is 1.116. This price difference indicates that your signal provider anticipates the price increase to 1.116. After you have placed your order, the EURUSD will reach your entry price of 1.116. Your order will be canceled automatically if the exchange does not reach your entry value within 24 hours of placing the order.

Stop-Loss

Your forex signal will indicate the “stop-loss price” at which you will exit a losing trade. In the above example, your entry price is 1.116 and your stop-loss price is 1.1215. You want the pair value to decrease because you have placed a sell order. The pair value will rise and you’ll lose more money the higher it climbs. The broker will close the trade when it reaches 1.1215. This will prevent you from losing more than you can afford. You can use stop-loss orders to manage your trading risk. You can make your trades less risky by indicating take-profit and stop-loss prices.

Take-Profit

Your stop-loss price and your “take-profit price” are identical but in the opposite direction. The broker will close your trade at a lower price, which allows you to lock in your profits. Your take-profit value in this example is 1.106. This is ten pips less than your entry. Your broker will automatically close the trade if the exchange value exceeds 1.106 in your trade. This will ensure that you get your profits.

Signal providers may include two take-profit pricing options in forex signals. One is more conservative, one is riskier. In our example, the take-profit prices might have been 1.106 or 1.076. You, the trader can choose the value that you want to cap the trade at. It could be one of these prices or somewhere in between. Or a completely different value.

Types Of Forex Signals

There are mainly two types of forex signals, manual and automated signals. This classification 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 professional analyst or seasoned trader with multiple trades under his belt. These people are usually experts in the forex market and possess a deep knowledge of technical indicators, fundamental analysis, and other factors that can affect currency prices. These signals often come as detailed instructions on how to open or close trades, when to enter or exit the market, stop loss levels, etc.

Manual signals are more reliable than automated ones because they come from experts with a high success rate. However, reliance on manual signals also requires more active monitoring and significant effort to ensure accuracy. Nevertheless, manual forex signals can be extremely useful for traders as they provide information that can help them make profitable decisions.

Automated Forex Signals

Automated signals are usually generated by software or algorithms that analyze multiple points on market price action. These signals help traders to identify when to buy or sell a particular asset. Automated signals can be generated based on technical indicators, fundamental analysis, or news events. Using computerised signals, traders can make decisions quickly and accurately without spending countless hours analyzing markets.

Which is better?

Both automated and manual trading signals have pros and cons. However, we prefer automated signals in general. The forex market is huge and dominated by experienced professionals. Automated signals offer traders the best chance to produce profitable trading results.

Automated algorithms can analyze unlimited currency pairs 24 hours per day, seven days a week. They don’t act on impulse or emotion. Instead, they follow predetermined conditions which allow them to make rational, low-risk, and informed recommendations without fatigue or opinions.

Although the market is unpredictable, these algorithms use technical analysis to predict future changes in value. Although even the most skilled traders can’t predict the future, analysing thousands of historical exchanges is possible to get as close as possible to reality. Automated signals are more profitable than manual forex markets because they outperform them more often. The type of signal that you choose will depend on your preference.

Free vs Paid Forex Signals

Forex trading platforms often offer trading signals for free. Although these signals can be appealing, we recommend not following them. It takes a lot of analysis and research to find the best forex signals, which is why providers charge for their services. A platform that offers signals to non-paying customers may have acquired them through a less involved process, which could mean they are not as accurate or profitable. Free signals might also contain less information than paid signals. We recommend paying for a reliable Forex signal service to trade signals. You could end up wasting time and losing your money.

How To Use The Different Types Of  Forex Signals

Proper use of forex signals can maximize a trader’s potential profits. One thing to keep in mind is that most forex signals use a fixed pip amount. Some of them set limits for up to 50 pips. Using the take-profit and stop-loss orders properly can increase and optimize the potential of forex signals.

How to use the various types of signals and their components:

  • Live Signals – Live trading signals are delivered daily and frequently. Such signals are suitable for day trading.
  • Premium and Exclusive Signals  – High-quality paid signals that provide efficiency. Such signals, if purchased, should be used as-is.
  • Free Signals – These signals are usually used for promotional purposes. It should only be used as an indication and comparison of trading ideas.
  • Correlated Instruments – Correlated instruments usually have a signal intended for one of the assets applied to both. This is a great way to gain an advantage in a volatile market
  • Take-Profit and Stop-Loss Orders – Essential orders that can prevent disaster and solidify potential profits. However, closing a trade manually can also be beneficial. A trade signal should not be followed blindly. The market has proven to be unpredictable many times.
  • Trade Size – Changing your trade size can help you gain the expected profit from a signal. Usually, with excess capital, you can solidify your position and avoid a margin call.

You can read more on investopedia.com

Frequently Asked Questions

Are Forex Signals Legit?

Forex signals can be legitimate by reputable and experienced traders or companies. However, it is essential to exercise caution as there are many scams in the forex signal industry. Thoroughly research the provider, read reviews, and consider their track record before trusting and using their forex signals.

Are Forex Signals Reliable?

Forex signals can be reliable if generated by a reputable and experienced source. However, it’s important to note that no signal is always guaranteed to be accurate. Traders should exercise caution and perform their analysis before making any trading decisions based on signals.

Who is the Best Forex Signal Provider?

The best forex signal provider is subjective and depends on your trading needs and preferences. However, some famous and reputable forex signal providers include FXLeaders, Learn2Trade and cryptosignals.org. Researching and comparing different signal providers is recommended to find the one that aligns with your trading style and goals.

Is it worth paying for forex signals?

Paying for forex signals can be worth it if you find a reputable provider with a proven track record. However, it’s essential to thoroughly research and evaluate the provider’s performance, accuracy, and reliability before deciding.

How can forex signals help me?

Forex signals provide trading recommendations and alerts to help guide you on potential trades. They can help simplify the analysis process and take some guesswork from deciding when to enter and exit positions. Signals allow you to leverage the research and expertise of professional analysts.

How much does it cost to access forex signals?

Forex signal prices vary widely based on the features included. Many fundamental text/email alerts are free. Paid subscriptions range from $30-100 per month on average. Higher-end premium packages with extra research or personalized guidance may cost $200-500 monthly. Review pricing plans to find one that fits your budget and trading needs.

How accurate should forex signals be?

Most forex analysts do not achieve 100% accuracy or win trades. Aim for a provider with a high accuracy rate, ideally above 60%. Also, consider the risk-reward of their average trades. Consistent profits over time are more important than chasing signals with a perfect win rate.

What are the different types of forex signals? 

Common types of forex signals include buy/sell alerts, trade recommendations via text, email, or app notifications, and economic calendar alerts that inform you of upcoming news/event risks that could impact currency pairs. Signals may be based on technical analysis, fundamental analysis, or a combination of both approaches.

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Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

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