The Best Forex Signal Providers

Feb 25, 2020 01:00 PM ET
  • Forex signal providers are the best solution for beginners. Here you will learn about the largest Forex providers, the principle of their work. We will examine in detail the examples of companies, the best solutions for beginners, and the possibilities of automated trading. Having familiarized yourself with the basic terminology, you can find the best solution for yourself.
The Best Forex Signal Providers

Forex trading signals can compare with tips for buying or selling a particular currency pair at a specific time. Trading signals can consist of all types of analysis: fundamental and technical. As a rule, such complex signals are expensive, but you can use the services of Forex signal providers.

Trading signals have many advantages for traders, namely:

  • It reduces risks;
  • Created by professional traders;
  • Enable to trade confidently;
  • Time and resources saving;
  • Forex signals at any time.

To begin with, a group of professional traders and analysts collects a vast amount of data. Then they conduct a complex mathematical, fundamental, and technical analysis to generate accurate signals as a result. Then these signals are transmitted to the signed traders, and on their basis, they make the right investment decisions.

List of the best forex signals:

1. TechBerry


TechBerry has been active in the financial market since its initial development back in 2015. It uses a self-created strategy fabricated via extensive data collection and analysis capabilities for trading. Traders have access to real-time trade performance on the website to check the live executions and current win rate. The platform is compatible with MT 4/5 software and is accepted among reputable parties such as FXBlue, Myfxbook, etc.

A variety of membership plans are available, including Gold, Silver, Infinite, etc. The packages demand a yearly subscription fee, starting from $19 up to $499. A personal manager is there to answer all of your inquiries, starting from the Gold option. TechBerry also has loss coverage assuring that your funds are completely free from any risk.

  • Price: Starting from $19
  • Year Founded: 2015
  • Suitable for Beginners: Yes
  • Trading strategy: Social Trading Analysis

2. JKonFX


JKonFX was created by Joel Kruger. It provides technical analysis, dashboard analysis, trade journals, and main signals. The provider is working since 2014. The service has a monthly subscription model. The main feature in this company is that traders receive information from professional experts in the field of finance. This is very important.

The company provides regular signals on the basis of which each user can draw up the strategy and get opportunities for profitable trading. Joel Kruger publishes daily video reviews where they comment on various strategies and provide valuable knowledge on further promotion of each trader. Thanks to a fundamental analysis of the market, beginners can get themselves basic information for profitable trading.

  • Price: from $30 per month
  • Year Founded: 2014
  • Suitable for Beginners: Yes
  • Trading strategy: Technical Analysis/Fundamental Analysis

3. MQL5


MQL5 is a trading platform for users of MetaTrader 4-5. The service has a set of trading systems. Thus, each trader can subscribe and receive trading signals. There is also a Cloud Network for testing robots. The main feature of this platform is the ability of each trader to become a signal provider. It publishes a variety of strategies and methodology tests for profit in the financial markets. The only caveat is the need to choose a reliable signal provider.

The main convenience of this service is the ability to filter signal providers by performance and find the most suitable results for own trading. Here you can track the real statistics and profitability of each trader. That will allow you to make the right choice.

  • Price: from $20 per month
  • Year Founded: 2001
  • Suitable for Beginners: Partly
  • Trading strategy: All strategies

4. is a company founded by Nick McDonald in 2012. The trading room consists of about 30 specialists. Thus, you can receive manual signals or automatic notifications from trading robots. These options can select during the subscription process. A key feature of the service is the daily live broadcasts and the publication of training materials in video format. Also on the site there is a chat allowing you to communicate with real traders to agree on the right strategy.

The service has a whole staff of professional traders who train beginners and help to understand the nuances of trading. The main feature of this company is its unique signals and copyright strategies. Project traders developed them based on their own experience and market understanding. This allows beginners to better learn the nuances of trading and begin profitable trading sessions.

  • Price: $97 per month
  • Year Founded: 2012
  • Suitable for Beginners: Yes
  • Trading strategy: Naked Trading, FX Propulsion, Trend Surfing

5. Digital Derivatives Markets

Digital Derivatives Markets

Digital Derivatives Markets is a company founded in 2014. Here you can get a swing, medium, and long-term strategies. If automatic signals are not your option, then you can subscribe to custom market research signals. The company works through a thorough analysis of stock markets, stocks and cryptocurrencies.

Thanks to the general activities of the company, each user can receive daily signals and detailed information. The company publishes daily market research and various strategies and also explains how the market works. This can be especially important for beginners who are just starting to study the Forex market.

  • Price: $59.90 for 14-day Plan
  • Year Founded: 2014
  • Suitable for Beginners: Yes
  • Trading strategy: Forex Signals/ Technical & Fundamental Analysis

6. 1000pip Builder

1000pip Builder

1000pip Builder is a signal provider founded by trader Bob James. The company focused on three personal strategies: Trend Capture, Range Trap, and Momentum Rider. Here you can receive signals to your email. The company promises from 600 to 1000 pips per month. The company also works on its own strategies developed during the ten-year trading of all specialists.

Users can expect an email notification or SMS with examples of alerts. thanks to this, each user can create their own trading strategy and take into account the recommendations of trusted traders. It is worth noting that the company does not seek to divulge the process of creating signals and offers only a monthly subscription with analytical results.

  • Price: $97 per month
  • Year Founded: 2017
  • Suitable for Beginners: Yes
  • Trading strategy: Undisclosed

7. ForexGDP


ForexGDP provider began work in 2015. The company uses sending signals to WhatsApp. In addition to technical signals, the company conducts training courses and various comprehensive packages of market analysis services. The main difference between this service and competitors is a small number of signals per month. This is due to the fact that the company positions itself as an accurate signal provider with a high percentage of profit.

Thus, you can count on 2-25 signals per month. It is worth noting that a free package can include up to 4 signals per month. This is one of the few providers that allow you to receive trading signals for free. Company traders use different strategies to provide signals to users.

  • Price: from $20 per month
  • Year Founded: 2015
  • Suitable for Beginners: Yes
  • Trading strategy: Big trades, News, Trend Reversal

8. Forex Signal Factory

Forex Signal Factory

Forex Signal Factory has been operating since 2009, providing customers with manual signals. All provider traders work on real accounts, with exclusive strategies. The company positions itself as a free signal provider with a minimum commission for a successful transaction. It promotes certain Forex brokers for collaboration.

It is worth noting that the ready results are published on Twitter and Facebook, which allows you to monitor the activity of company traders. Here you can get free signals that you can use at your own risk. It is worth noting that this company has mixed reviews from various traders.

  • Price: 1-2 pips commission per 1 lot traded
  • Year Founded: 2009
  • Suitable for Beginners: Partly
  • Trading strategy: Undisclosed

9. Traders Academy Club

Traders Academy Club

Traders Academy Club is a comprehensive online resource. Here you will find training courses, signals from analysts from Live Trading Rooms, and expert strategies. Trader Vladimir Rybakov founded this Forex provider. This service also provides video training, trading signals from guest traders, daily market analytics and various strategies.

In general, the head of the company focused on activity for 50 minutes trading sessions and an explanation of their various trading activities. The site menu has a section with algorithmic and trading strategies and the ability to view trading results. The company holds various webinars and training for young traders daily.

  • Price: $197 per year
  • Year Founded: 2011
  • Suitable for Beginners: Yes
  • Trading strategy: Multiple

10. FX Leaders

FX Leaders

FX Leaders is one of the largest providers of signals, analytics, and Forex strategies. Here you can get messages and find out about current quotes of currency pairs. According to company representatives, they use support and resistance signals, special oscillators, Bollinger bands and Fibonacci levels.

Every 6 months the company creates a detailed report on all completed transactions. Nevertheless, you cannot verify this data with real examples. It is worth noting that the service provides many signals for subscribers and send daily notifications by e-mail or via SMS. Thus, each trader can get information about future transactions.

  • Price: from $39,90 per months
  • Year Founded: 2012
  • Suitable for Beginners: Yes
  • Trading strategy: Indicator based

11. Forex Mentor Pro

Forex Mentor Pro

Forex Mentor Pro is a company founded in 2008 by Marc Walton. Leading analysts provide beginners with trading signals and comprehensive training in trading. The company offers a monthly subscription with gradual training and video courses. Each user can get 3 effective trading strategies and mentor support.

The company also provides a special forum where users can ask questions and receive answers. The service has the ability to make audio calls with a mentor and discuss various trading strategies. In general, it is a multifunctional service that allows beginners to raise their level of trading strategies and get convenient signals for subsequent trading.

  • Price: $47 per month
  • Year Founded: 2008
  • Suitable for Beginners: Yes
  • Trading strategy: Personal Trading Strategy/Indicators

12. Premium FX Signals

Premium FX Signals

Premium FX Signals is a provider specializing in automated trading. Here you can subscribe to receive trading signals for financial and cryptocurrency markets. Machine learning helps company analysts generate highly accurate signals. This company has developed its own software that allows you to analyze current rates of cryptocurrency and financial fluctuations.

The company specializes in automatic trading and is suitable for those traders who are willing to analyze a large amount of information. The main part of the company's audience is on the floor professional and experienced Forex traders who want more opportunities for automated trading. It is worth noting that the company allows you to analyze various trading strategies and automate the trading of traders.

  • Price: $324 for premium FX Signals Alerts Package
  • Year Founded: 2018
  • Suitable for Beginners: Partly
  • Trading strategy: Personal Strategy

13. Honest Forex Signals

Honest Forex Signals

Honest Forex Signals is a company offering exclusive trading strategies for customers. Here you can find new signals and automate trading. Robbie Newton is the head coach of the company that provides automatic transactions and daily SMS alerts for traders. Here you can trust automatic trading and copy all current strategies, or create your own trading path based on the recommendations of the company's main trader.

It is worth noting that in the case of manual trading, you will have to have basic trading skills and understand the current price movement with trends and various nuances. It is worth noting that this service provides a small number of transactions per month but their accuracy is relatively high. The only caveat is that emails don't always include SL and TP.

  • Price: $177 per month
  • Year Founded: 2010
  • Suitable for Beginners: Yes
  • Trading strategy: Technical Analysis/Fundamental Analysis

What is a Forex Signal Provider?

Providers are companies that provide trading signals for beginners and experienced traders. As a rule, they consist of specialists who analyze the market and leave a trading strategy. Also, such companies have special software that allows you to analyze the current state of the market and make various forecasts. It is worth noting that most providers provide their online training courses, software, and platforms for obtaining information. The company combines manual and automated results to provide users with the broadest functionality for trading.

Best Signal Providers

Of course, you can independently search for suitable companies. You need to rely on the history of each company in the market, user reviews, and other cumulative factors. More reputable providers use combined methods of market analysis with the help of real traders and automated software. Recently, the cryptocurrency analysis market has been rapidly developing. All of these factors help beginners, and experienced traders get a steady income from predicted signals. We recommend that you familiarize yourself with the following organizations in detail. They can be an excellent option for you on the way to break-even trading. Let’s get it started from the basics.

Forex Signal Basics

Trading signals are an information alert that indicates the point of entry into the transaction and exits from it. These signals are used not only by beginners but also by experienced traders to confirm their analysis results. Forex trading signals developed by experienced analysts based on fundamental and technical analysis. Their paid distribution on the Net is practiced. Today, many brokerage companies offer users access to automatic sending of signals on a paid or free basis.

Types of Providers

Providers are divided into two types, depending on the type of signals generated. First, these are providers with software algorithms. They use programs that automatically make signals for customers. The second option is the services of providers with real Forex advisors. They manually analyze the market according to specific criteria and send out signals to customers. These signals may also vary. A company can send signals for daily or even weekly intervals - others will offer a cascade of signals throughout the day.

How to Choose a Provider

The choice of provider depends on several factors. First of all, it is the ease of use of parameters and clear signals. Pay attention to trading conditions and their transparency. Choose your preferred option for subscribing or paying for services. The effectiveness of trading signals is also essential. In this case, you need to pay attention to the quality of the signs, and not their quantity. And pay attention to user reviews. You can find them on thematic forums.

The Bottom Line

Before choosing a Forex signal provider, you need to study all the reviews on the network. Many companies still manually analyze the market, giving customers signals. If you are a fan of automation and machine learning, then you should pay attention to automated trading. Pay attention to how long companies have been in the market. Great traders appear like mushrooms after rain, but pure facts should guide you. Then the use of trading signals will be justified.

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