Best Trading Signals In The UK
Best trading signals provider in the UK - RoboForex
RoboForex CopyFX - best for copy trading signals
1000pip Builder - for technical analysis signals automation
ForexSignals.com - top forex signals by API
Learn2Trade - best Forex education and signals
eToro - biggest social trading signals community
TU experts explore the top providers of Forex signals in the UK, exploring their legitimacy and efficiency. They have discussed the top Forex signal providers along with their subscription plans, pros, and cons for each, allowing traders with noteworthy insights. Additionally, the guide navigates alternative avenues to acquire Forex signals.
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Is giving Forex signals legal in the UK?
Yes, providing Forex signals is legal in the UK. However, it's crucial for signal providers to operate within the regulatory framework set by the Financial Conduct Authority (FCA) to ensure compliance with licensing and authorization requirements.
Are Forex signals legit in the UK?
Yes, Forex signals are legitimate in the UK. The legitimacy is reinforced by the robust regulatory framework established by the Financial Conduct Authority (FCA). The FCA ensures that brokers adhere to strict guidelines, including proper licensing and authorization. To navigate the Forex market safely, traders are encouraged to choose FCA-regulated brokers, providing a secure environment with measures such as capital requirements, fund segregation, fair pricing, transparency, and effective risk management.
Best Forex brokers
Top 5 Forex signals providers in the UK
| Provider | Regulatory Authority | Licensing |
|---|---|---|
International Financial Commission (IFC) |
IFSC license No. IFSC/60/191/TS/195 |
|
NA |
NA |
|
Financial Conduct Authority (FCA) and Australian Securities & Investment Commission (ASIC)579111315 |
FCA license No. 609306 and ASIC license No. 41748256 |
|
NA |
NA |
|
CySEC, FCA, ASIC, MAS, FSA, IIROC, DFSA, CIMA, SCB and FSCA69111315 |
CySEC license No. 191/13, FCA license No. 609746, ASIC license No. 417482, MAS license No. S128282, FSA license No. 22639, IIROC license No. 20081158, DFSA license No. F004356, CIMA license No. 0000120, SCB license No. SCB000001 and FSCA license No. 4664569111315 |
RoboForex CopyFX
RoboForex CopyFX, a dynamic copy-trading platform, empowers users to replicate transactions of successful traders, unlocking the potential for additional income. Its user-friendly interface ensures accessibility for beginners, while its compatibility with MetaTrader 4, MetaTrader 5, and the R StocksTrader mobile application provides flexible trading options.
Subscription Tiers
CopyFX offers a free service with no subscription fees, enabling traders to access premium signals without additional costs. Two commission schemes, Performance Fee and Subscription Fee, cater to diverse trader preferences. The fixed commission, ranging from 5 USD to 100 USD, operates on a one-week investment period.
👍 Pros
• User-friendly interface – the platform boasts a seamless and intuitive interface, ensuring accessibility for both beginners and seasoned traders.
• Free access to premium signals – CopyFX offers a cost-free service, granting users access to high-quality copy trading signals without subscription fees.
• Automated service with analytics – traders benefit from an automated service complemented by robust analytics, enhancing their decision-making process.
• Credible, registered broker – RoboForex, the platform's host, is a reputable and registered broker, prioritizing the best interests of its clients.
👎 Cons
• Potential losses when copying losing traders – If a user chooses to copy signals from a trader experiencing losses, they may incur corresponding losses, highlighting the inherent risk.
1000pip Builder
With over 10 years of experience, 1000pip Builder stands out as a trusted provider, delivering 1-5 premium signals daily for 15 currency pairs across major trading sessions. These signals, aiming for a monthly gain of 350 pips, reach subscribers via email, SMS, and Telegram, ensuring timely access to trading opportunities.
Subscription Tiers
| Subscription Plan | Duration | Price | Discount |
|---|---|---|---|
|
Monthly Plan |
1 month |
£77 |
- |
|
Quarterly Plan |
3 months |
£157 |
- |
|
Annual Plan |
12 months |
£247 |
73% off |
👍 Pros
• Dependability – 1000pip Builder is recognized for providing dependable signals, giving traders accurate and actionable information;
• Signal quality – users appreciate the high-quality signals, emphasizing effective risk management — a critical factor in successful Forex trading;
• Communication excellence – the platform excels in proactive communication, offering regular market updates and maintaining responsive feedback channels for an enhanced user experience;
• User satisfaction – positive user reviews highlight consistent profits and a genuine approach, indicating a high level of user satisfaction.
👎 Cons
• Signal frequency – some users express a desire for more frequent signals, although the existing ones maintain a high standard.
• Flat returns – periods of flat returns, though part of trading, have been noted in a few reviews, potentially discouraging traders seeking continuous profitability.
ForexSignals.com
ForexSignals.com has earned its reputation as one of the most reputable and enduring Forex signal companies globally, boasting the trust of over 83,000 Forex traders worldwide. The company offers professional trading signals for a fee, delivering buy or sell signals, optional take profit and stop loss levels, and an extensive range of educational content.
Subscription Tiers
ForexSignals.com provides a 7-day free trial and offers three quotes where prices range from $58/month for the first tier, $37/month for the second, to $26/month for the third, catering to varying levels of trader commitment.
👍 Pros
• User-friendly interface – ForexSignals.com provides a user-friendly platform for traders to navigate efficiently.
• Time-saving – Forex signals save traders valuable time by providing pre-analyzed market insights, freeing them from extensive market analysis.
• Access to expertise – signals are generated by experienced traders, allowing users to benefit from the knowledge and insights of market professionals, especially beneficial for beginners.
👎 Cons
• Reliance on others – relying on external analysis means potential losses if signals are inaccurate. Thorough research and choosing reputable providers are crucial.
• Expensive for beginners – the cost of subscription plans might be relatively high for novice traders.
• Signals only via telegram – while alerts are available, they are exclusively delivered through Telegram, potentially limiting accessibility for some users.
Learn2Trade.com
Learn2Trade, a reputable UK-based signal provider established in 2019, offers an array of services tailored for both beginners and seasoned traders. Known for its advanced technical analysis, the platform is committed to delivering accurate and timely signals. Utilizing Telegram for real-time notifications, the platform provides background data for each signal. As a global provider, Learn2Trade delivers signals across various timeframes, ensuring accessibility for users worldwide.
Subscription Tiers
| Subscription Plan | Duration | Price |
|---|---|---|
|
1-Month Plan |
1 month |
£40 |
|
3-Month Plan |
3 months |
£30/month |
|
6-Month Plan |
6 months |
£21.5/month |
|
Annual Membership |
12 months |
£18/month |
|
Lifetime Subscription |
Lifetime |
£399 |
👍 Pros
• Technical precision – signals are crafted with technical prowess, utilizing support and resistance, Fibonacci retracement, and Bollinger bands.
• Comprehensive education – Learn 2 Trade offers extensive educational resources, empowering traders with knowledge.
• Frequent alerts – the platform ensures traders stay informed with frequent and timely alerts.
👎 Cons
• Cost for beginners – some may find the premium plans relatively expensive, especially for those new to trading.
• Exclusive telegram usage – signal delivery exclusively via Telegram may limit accessibility for certain users.
eToro
eToro a platform granting access to 51 currency pairs featuring competitive spreads stands out as a user-friendly social trading platform, granting users the unique opportunity to replicate the trading strategies of successful investors
Subscription Tiers
Traders on eToro should be aware of a $5 withdrawal fee, a 30% withdrawal minimum, and a $10 inactivity fee after 12 months. Notably, the platform provides commission-free stock and ETF trading, but crypto transactions come with a 1% fee.
| Fee Type | Description | Amount or Percentage |
|---|---|---|
|
Conversion Fee |
Applies to non-USD deposits and withdrawals. 0.5% for bank transfers, 3% for credit/debit cards |
Varies |
|
Spread |
Difference between buy and sell prices of assets. Varies based on market conditions and asset type. |
Varies |
|
Commission |
Fixed fee per trade or per month. Depends on asset type and usage of CopyTrader or CopyPortfolios features. |
Varies, e.g., $10 per month |
|
Inactivity Fee |
Monthly fee for accounts inactive for more than 12 months. |
$10 per month after the first year |
|
Other Fees |
Various fees for specific transactions or services, e.g., overnight fees, withdrawal fees, currency conversion fees |
Varies |
👍 Pros
• TSocial and copy-trading – eToro stands out for its social and copy-trading features, allowing users to replicate the success of experienced investors.
• Safety for new traders – copy trading provides a safer avenue, especially beneficial for novice traders.
• Small minimum deposit – with a modest $10 minimum deposit, eToro is accessible to traders of varying experience levels.
👎 Cons
• Antiquated fees – eToro imposes various fees, including withdrawal, inactivity, and a 30% withdrawal minimum.
Where can I get Forex signals in the UK?
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Forex signal providers – as mentioned above, specific providers deliver signals through applications, emails, or various platforms.
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Financial news portals – stay updated on market trends and potential trade opportunities by monitoring trustworthy financial news websites such as Bloomberg and The Financial Times
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Alternative channels – participate in trading communities, forums, or social media platforms where seasoned traders exchange valuable insights and signal recommendations.
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Trading platforms – explore online trading platforms that either have integrated signal services or collaborate with third-party providers to offer signals directly on their platforms.
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Paid subscription services – apart from standalone signal providers, consider educational and analytical services that offer premium subscriptions, providing access to advanced signals and market insights.
Rules and Regulation
Licensing in the UK
Brokerage activity in the United Kingdom is licensed and regulated by the FCA. The country's main public legal institution imposes strict requirements on applicants:
- registration with Companies House
- payment of membership fees to a British bank
- maintaining an office within the jurisdiction
- preparing a document package to substantiate licensing objectives and compliance with all regulatory requirements
Investor protection in the UK
Investors in the UK are protected by the Financial Services Compensation Scheme (FSCS). The FSCS’ purpose is to pay traders compensation (up to £85,000 per client) in case a financial company goes bankrupt or is liquidated.
Taxation in the UK
If a trader’s profits are £50,000 or more, he must pay a 20% income tax. Profits under £50,000 are tax-free.
Team that worked on the article
Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).