Top reliable signals providers
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RoboForex CopyFX – Free service for copy trading platform’s traders.
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AvaTrade – Free copy trading from external signal providers ZuluTrade and DupliTrade.
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DailyForex.com. Types of signals - Price action/indicators.
The forex market offers many opportunities to earn profits and achieve your trading and overall financial goals. At the same time, it’s a market that can also be very brutal. It requires both experience and knowledge to become a successful forex trader. But you can still take advantage of the opportunities and generate profits even if you’re not experienced. All you need is a well-established, verified, trustworthy, and reliable forex signal provider.
In its essence, a forex signal provider helps all types of traders to identify available trading opportunities at a specific price and time. Such platforms do all the heavy lifting for you - you only need to enter a position to earn profits. With that said, the market is filled with countless forex signal providers, which makes it a daunting task to choose the best option. That's why we have come up with this article that reviews the best providers of forex trading signals in 2024 with a high win rate. So, without any further ado, let's jump into it.
Top 12 best Forex signals providers
RoboForex CopyFX
RoboForex is renowned for its diverse automated trading services. The CopyFX platform at RoboForex is one of the best signal providers. Because they are primarily a copy trading signals provider, traders can subscribe to, and automatically copy the trades of, the most successful traders on RoboForex. Their signals cut across various financial instruments, including commodities, indices, forex, and more.
Furthermore, CopyFX is a free service, so there is no need to pay any subscription fees in order to receive high-quality trading signals. RoboForex is highly rated by both members and market experts, and its social platform allows traders to automatically copy trades of successful traders. You might come across a trader with an appealing strategy, but you don’t have the free time to execute the trades. CopyFX makes this easier and simplifies your work.
Currently, CopyFX from RoboForex is considered one of the best ways to generate profits in the forex market. It has a high success rate, but the exact winning percentage is currently unverified. Nonetheless, they have many positive reviews to back them, and they come very highly recommended.
- They have a user-friendly interface that makes it easy to navigate, even for beginners.
- Completely free service that allows clients access to world-class copy trading signals from top forex traders on RoboForex.
- Their automated service offers good analytics for traders.
- RoboForex is a credible, registered broker, meaning that they act first and foremost in the best interests of their clients.
- In the event that you choose to copy signals from a trader who incurs losses, then you will suffer losses as well.
AvaTrade
For manual trading, AvaTrade offers its own cutting-edge social trading app, AvaSocial. AvaSocial is a comprehensive social trading platform that integrates social media into the investing experience. It fosters a community environment where traders can interact, share, and stay updated on each other's trading activities. Some of the features of AvaSocial include message boards, chatrooms, customizable social news feeds, and access to trader statistics such as portfolio, risk score, and fail/success ratio.
AvaTrade collaborates with third-party forex trading signal providers — ZuluTrade and DupliTrade — to provide automated copy trading services. This means you can copy the trades of experienced and successful traders through your AvaTrade account automatically.
AvaTrade does not charge additional fees for copy trading services on their proprietary platform, AvaSocial, and for using third-party providers like ZuluTrade and DupliTrade. Traders benefit from the copy trading features offered by AvaTrade without incurring extra costs.
- AvaTrade offers a range of signal providers, including the AvaSocial app, ZuluTrade and DupliTrade
- It does not charge extra fees for using its signal providers or copy trading services, making it cost-effective for traders.
- The AvaSocial app provides a unique social trading experience, enabling traders to interact, share insights, and learn from each other.
- Users can research the performance, success rates, and portfolio allocations of traders they choose to follow, ensuring informed decision-making
- Different platforms have varying minimum deposit requirements, which may be a barrier for traders with limited capital. For instance, DupliTrade requires a minimum deposit of $2,000, while ZuluTrade requires $200.
DailyForex.com
DailyForex.com was established in 2008, during the global financial crisis when entire countries' economies were shaken to their core. During these trying times, DailyForex transformed from a small financial portal into a trustworthy site for market analysis and broker information. The company started from humble beginnings as a four-person team. Over the years, they have offered valuable services to traders globally, with reliable market insights around the clock.
DailyForex experts provide market analysis and educational lectures, and also let users see them applying their knowledge in real-time trading themselves. They use the insights that they offer to plan and execute trading strategies. For more than a decade, the analysts at DailyForex have been watching political and economic trends from all around the world. So why get your signals from amateurs, when you can get them from the pros? Furthermore, you don't need to pay any subscription fees, since the DailyForex service is free.
- They have a great track record, so you can trust that they have reliable signals.
- Because of their several years of experience, through some of the toughest times in history, they are a proven source of excellent trading signals.
- Daily Forex offers reliable customer service round the clock.
- Apart from signals, the provider also offers trader educational materials to help clients understand the markets.
- Traders are sometimes required to open multiple positions at the same time to avert automatic stop loss.
Learn 2 Trade
Learn 2 Trade is one of the best UK-based forex signals providers, covering crypto, forex and other major financial markets. The platform offers 3-5 premium signals daily, and there are plenty of learning guides for starters. Both free and subscription based signals are available. No matter which option you choose, the platform provides the singlas timely through telegram to enhance user experience. Forex trading and analysis tips are available daily to help you improve your trading, and a forex trading strategies course is available for beginners.
Fees for forex trading services range from £50 to £250, while fees for funded accounts range from £350 to £700. Subscription plans can be billed monthly, quarterly, or yearly or you can get a lifetime subscription. A free plan is available for people wanting to test Learn 2 Trade services. The plan offers 3 to 5 daily free signals.
- Learn 2 Trade is an incredible platform with plenty of learning resources for starters
- 24/7 customer service makes it easier for people to trade at any time
- You only pay for the trading features you use
- There’s a 30-day money-back guarantee if you find the services unsatisfactory
- The signals have a high success rate of 82%
- Free weekly signals are available for starts
- The platform uses telegram only for its signals
- Alerts are sent to telegram only
ForexSignals.com
Forexsignals.com may have what you want if you need the best signals at affordable fees. The platform has an easy-to-understand, transparent pricing system with three packages: the apprentice, the committed and the professional. The apprentice has monthly access for $97 per month, while the committed has six-month access for $297. The professional package starts at $564 and provides access to all the platform features. If you are new to this signal provider, you can enrol for a seven-day trial and get your money back if you are unhappy with the service.
Forexsignals.com offers three trading strategies for traders: FX propulsion, trend surfing and naked trading. The site has great trading features like free tools, educational resources, live webinars, and clean charting.
To get forexsignals.com, create an account with this platform and get signals through telegram.
- Here is a seven days trial period with a payback money guarantee
- Plenty of earning resources are available for traders of all levels
- Traders have s 24/7 access to mentors and experts
- There is an active community where you can discuss anything with other traders
- A monthly subscription does not give you access to all features
FXTM
FXTM is one of the oldest, most successful, and leading online brokerages, established back in 2011. It's regulated by multiple regulatory authorities and offers many useful and valuable tools, including trading signals that you can utilize to improve your trading experience. You can use the trading signals for copy trading - all you need to do is to subscribe to the service. Once done, the FXTM Invest forex signals will allow you to copy each and every trade automatically made by the providers you’re interested in.
Forex School Online
Forex School Online is an out-of-the-box signals provider, offering an online course that teaches traders various strategies. It focuses mainly on price action trading signals. Forex School Online was established in 2011, in Australia, by Jonathan Fox, who continues to operate the school and offer insights to subscribers. The course is a 126-page PDF that traders are encouraged to read and re-read to fully understand and internalize the strategies.
The course focuses on highly relevant issues. Because it is primarily a price action signals provider, it is recommended for beginners because of the fact that its trading strategies usually aren’t as risky or complex as many other trading strategies. The website also has a forum where subscribers can directly engage with the founder and have their questions answered. This intimate one-to-one approach sets Forex School Online apart from the majority of signal providers.
To become a member of Forex School Online, all you need to pay is $294 AUD for a lifetime membership, which is fairly affordable, considering the value of the information you’re provided with. Users can choose between multiple views, from the classic view (which shows snippets), a list view (which shows a list of all topics), or the threaded view that shows the progression of each conversation. Overall, Forex School Online offers excellent value for forex traders, and the opportunity to continue gaining trading strategy knowledge and trading experience, with expert guidance and assistance for a long-term trading career.
- Affordable service offering, where users pay a one-off fee of $249 AUD.
- Well-written content in the online course, with detailed explanations.
- Offers fresh content tailored to market conditions, rather than static content.
- They provode free education without a marketing team selling paid-for courses.
- Actionable trading signals are available on their website without registration.
- Since it is a 126-page PDF document, some users find it time-consuming to read and re-read.
Forex Signal Factory
Established in 2009, Forex Signal Factory is an online forex signal provider that offers free services on its social media platforms. They offer free trading signals on their Twitter and Facebook accounts, as well as on their Telegram channel. Their platforms allow professional traders to share free trading signals without the need to open an account with any associated brokers. The provider offers signals on stocks, forex, indices, commodities, and cryptocurrencies.
They have a substantial following on their platforms, with signals posted hourly each day on their social sites. All you need to do is follow their accounts and keep an eye on their posts. The signal providers lead by example, using the trade signals they provide to trade their own, real-money trading accounts. This shows that they have confidence that their signals will have a high success rate. When measuring performance, the service looks at profit in terms of net pip changes, rather than in terms of percentage return on investment.
The platform runs primarily as a social signals provider. This means that the signals may be posted by any members of the community, making it hard to verify the background and performance of those publishing them. Furthermore, if you are looking for in-depth training, then Forex Signal Factory might not be right for you, as it doesn’t provide that service. But given that it is a free signals provider, you shouldn't expect to receive the rosy treatment common with premium signal providers.
- Completely free signals providers.
- Since it is based on social media platforms, it allows interaction among different traders.
- They have no official sign-up, and it is not a requirement that traders use any specific broker(s).
- Forex Signals Factory publishes signals multiple times every day.
- They have no official customer support, but you can message them on their social websites.
FXPremiere.com
FXPremiere.com can be a truly great solution for beginners. Today the platform has one of the most popular thematic Telegram channels that provides free trading signals. Admittedly, the real, maximum value that’s offered by FXPremiere.com’s expert traders can only be obtained with paid access to the FxPremiere VIP channels. VIP channel subscribers receive up to 15 signals for trading currency pairs, gold, and oil.
eToro
eToro's unique approach to forex trading signals streamlines the process and allows users to benefit from the expertise of seasoned professionals. With over 20 million users from 140 countries, eToro's extensive user base provides a diverse range of traders to choose from, making it one of the best Forex signals providers.
Another advantage of eToro's copy trading system is that it's completely free to use. There are no additional charges for utilizing the CopyTrader feature and no hidden management fees. This makes eToro an attractive option for both beginners and experienced traders, as it provides an accessible way to learn from the best while minimizing costs.
However, it's important to understand the platform's specific conditions. Users need to invest a minimum of $200 in a trader to ensure adequate distribution across multiple trades, thus reducing the impact of a single trade on the overall portfolio. Additionally, eToro limits the number of traders you can copy simultaneously (maximum 100) and the maximum investment amount per trader ($2,000,000).
- eToro has a large user base — over 20 million users from 140 countries
- eToro does not charge any additional fees for using the CopyTrader feature, making it an accessible and cost-effective option for clients
- Copy trading saves users time by eliminating the need to monitor the markets or handle forex signals manually
- Many of eToro's top Investors consistently outperform market averages, often achieving yearly returns in excess of 20%
- Users might become overly reliant on copy trading and neglect developing their own trading skills and strategies
MetaTrader 4
MetaTrader 4 is considered the gold standard when it comes to online trading platforms. It’s a free platform, supplied by many forex brokers, where you can trade forex and other financial instruments as well. It’s available through more than 750 banks and brokers, and offers its services to tens of millions of users across the globe.
MetaTrader 4 is also a great option for copy trading of your favorite successful traders, by using its trading signals. You can access MT4 signals either for free or by paying a reasonable fee, and you won't need to leave the platform to start copying trades from a signal provider.
