REVIEWS
Forexsignals.com Review 2022
Reviewed
Tested
Safe
ForexSignals.com focuses on its service as a signal provider and also takes a step further by offering numerous trading tools and learning resources. It was founded back in 2012 by Nick Mcdonald, a professional forex trader with the goal to achieve a completely transparent and inclusive trading site for the traders. At present time it can be considered as a fully-fledged company with over 500,000 registered users.
Their unique service offers a trade screen with a bunch of options to engage with fellow traders in the community. Their service extends with the 24/7 attachment of professional mentors for receiving support and feedback through live streaming, video content, and chats.
The system also provides a broader functionality of live trading in real-time with no delays. Professional mentors hold attractive live webinars of trading ideas 4 times a day where the analysis of the current market situation is observed. Therefore it’s a great learning place for everyone irrespective of any experience level who are seeking guidance towards trading.
About forexsignals.com
ForexSignals aims to provide benefits to traders in all possible ways through trading rooms and communities. Nick Mcdonald’s understanding and tactics was an advantage in the world of Forex Traders as he knew he could bring value to the table. At present, the company has more than 40 trade experts as part of its team who not only contribute to educating clients but also provides insights into trading along with helpful strategies for forex traders.
Is Forexsignals.com Safe Or A Scam?
Forexsignals.com is well-chosen for its verified service and safety. For traders or clients looking for a highly transparent trading community, client education in forex trading and useful tools to make trading easier, then Forexsignals.com has to be the best choice. To get the best out of Forexsignals.com, clients need to be active members and always remain connected. From live streams to video tutorials, Forexsignals.com has a lot to offer. The company has built a community of forex traders who happily share valid knowledge on trading.
What are the Pros and Cons of forexsignals.com?
Here are the key Pros and Cons of forexsignals.com:
| Pros | Cons |
|---|---|
| • Clients can experiment with a wide range of trading strategies | • Not the best platform for clients looking for passive signals and don’t want active engagement |
| • Live streams and video tutorials on trading | • People have mixed opinions on the additional services provided |
| • Live streams and video tutorials on trading | • A basic monthly subscription does not include access to all services |
| • A forex signal provider that offers comprehensive service | • The signal provider is not completely verified |
| • Great community for forex traders to share knowledge on trading | • The trading strategy is undisclosed |
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The Best Features of ForexSignals.com
More than 83,000 members have benefitted by using the services of Forexsignals.com and the signal provider continues to thrive.
Most of Forexsignals.com’s success comes from its “Trading Room” which allows traders to join and connect with professional mentors and thousands of trading members who discuss and share their opinions.
The trading room allows users to prepare themselves with motivation, the right tools, and market knowledge and analysis. Clients can follow every trade and enjoy live trading without delays.
The proprietary tools provided by the signal provider are added advantage for traders of all types, be they a beginner or an expert. Every client can get access to a wide variety of trading tools in all membership plans.
Trading Strategies
One of the best features of Forexsignals.com is that it shares a plethora of information and helpful details with its clients and members. Many other forex signal providers do not practise transparency and are not client-oriented as Forexsignals.com.
Members who use Forexsignals.com can try three different trading strategies. Every member or trader receives a vast amount of information, guidance, and resources to support them in using one of the three strategies. Clients also receive community support and learn from live streams to extend their trading knowledge on the specific trading strategy. Unlike others, Forex signals.com offers triple strategies options instead of focusing on a single strategy. With this freedom of strategy choice, members or clients of the platform can choose what works best for them.
- FX Propulsion Strategy
- Trend Surfing Strategy
- Naked Trading Strategy
Forexsignals.com Trading Tools
At Forexsignals.com, MetaTrader 4 and MetaTrader 5 expert advisors are readily available. Clients can easily find a MetaTrader expert advisor and a simulator in the trading tool section. Some of the available and downloadable expert advisors are:
- Pattern Finder EA
- Risk Manager EA
- Momentum Meter
- Profit Simulator
- Trend Surfing Software
- Support Resistance EA
- Naked Trading EA
One of the best features of Forexsignals.com is that it shares a plethora of information and helpful details with its clients and members.
ForexSignals.com Membership Fees
Forexsignals.com offers three exclusive membership plans that are packed with value for affordable costs.
In “The Apprentice” membership plan, clients are charged $97 per month with 1-month room access, many other useful features but does not include everything that the signal provider has to offer. Clients get access to the trading room, pro trading video academy, trade sentiment analysis, live interactive workshops, daily live trading sessions, weekly hot-pick analysis, real-time global news stream, and access to pro trading tools.
For traders looking to get more out of their membership plan with Forex Signals, the Committed Tier can be a good option. It offers all of the features in The Apprentice membership plan plus direction from mentors, exclusive brokerage access and one to one with a mentor. Clients are charged $297 every six months or $49.5 every month with access to the room for all six months. With this plan, clients can save up to almost 50% on monthly charges.
If you’re into trading and want to stick with Forexsignals.com for a year, “The Professional” membership plan might be the best fit. With this plan, clients are charged $564 for 12 months or $47 every month with access to the room for the same period. With this premium plan, clients get access to all the amazing features, including direct access to mentors and all the best trading strategies.
Along with all of that, clients can watch four videos streams per day and stream up to 25 times a week. For those who might miss the live stream, recordings of the stream help busy individuals keep up with everything at their own pace.
If you’re not looking for any commitment, Forexsignals.com also offers a free trial and some free features so that clients can test out their services without having to invest their money.
How to Get Started with Forexsignals.com?
Customer support
Client Education Support by ForexSignals
From beginner to expert, every type of trader can benefit from the educational support that Forexsignals.com provides. The educational curriculum is designed in such a way that complex information is broken down and explained in very easy to understand bits. Their official site currently holds 350 learning videos with the numbers growing every week. The structured modules of the education videos act as a guide for the learner and allow them to stay on track.
The secret to becoming a successful trader is through knowing forex trading psychology, which is taught by Forexsignals.com. Along with that, traders also learn backtesting and how to use support and resistance.
Learners can quickly solve their confusion by asking the experts through a live chat. The in-depth learning structure, ease of contacting mentors and overall resources offered by Forexsignals.com is what makes it stand out from other forex signal providers.
Conclusion
To be successful in the world of forex trading, traders must have in-depth knowledge about the markets, know how to analyze, understand every trading strategy, and make use of the best trading tools that are available.
Even though most forex signal providers allow clients to get access to all of that, ForexSignals.com takes it a step further with their live streams, video tutorials, one-to-one mentorship, useful trading tools, personalized feedback, easy-to-reach customer service, and the list goes on.
For traders looking to learn, develop their trading knowledge, and experiment with various strategies in the financial markets, ForexSignals.com is one of the best options out there.
Looking for a different forex signals provider? Check our up to date guide here
Methodology
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.
2023 Review Methodology
For our 2023 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
Chad Smith
Director of Research & Analysis
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.