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15 Best Forex Signals Tested and Reviewed

With 52 providers vetted, and fully tested, I’ve come to distinct conclusions about which companies are currently providing the most accurate, and best Forex signals available. There are many aspects that go into determining the viability of a signal provider, but there are some that are more important than others. When it comes to signal vendors, it’s important to know their trading strategy, market approach methodologies, and fundamental beliefs in terms of transparency. The most important of all of these elements to the Forex Robot Nation team, is the trading results. If a vendor is unable to provide verified, third party trading results in 2020, when the market is full of free statement sharing services, then we can’t recommend them.

There’s no reason why signal providers, shouldn’t be held to the same high standards we hold the best Forex robot vendors to. Signal services need to be transparent, and that includes the utilization of statement sharing providers like Myfxbook, and FX Blue. If these aren’t being used, then they should at least provide some sort of verified proof. In today’s article, we will hold all of the signal services to this standard, with no exception.

Just because a provider made the top 15 list, does not mean that we recommend them. When trading with a signal provider, there is inherent risk, as human error and a lack of transparency are frequent issues in this market.

While there are 52 reviews, we won’t be analyzing every single one of them in this resource, but we have these full reviews available for you to peruse at any point in time, via our complete Forex signals table.

In this article, we’ll walk you through the top Forex Signals providers. In specific, we’ll analyze the following features of each service:

  • Price (free or paid)
  • Signal frequency
  • Trading results
  • Trading strategy

To make sure you get the most out of your daily trading opportunities, we’ve put together a list of the 15 best Forex signal providers in 2020. This list will help you understand what the market has to offer, and who you can trust for quality trade alerts. I do want to be clear in that we are skeptics, and we do not find this method the best approach to trading the markets, as we are expert advisor connoisseurs first and foremost.

15 Best Forex Signals Providers 2020

1. MQL5

MQL5 is one of the main Forex MT4 resources available. Their marketplace specializes in Forex signals, expert advisors, indicators and much more, but today our focus is on the signals. In this area, they have a much different approach than most commercial providers, because they allow anyone with Forex trading experience to provide signals. While, this can scare off some potential clients, this does allow for a very diverse and unique network of traders that are judged solely on their performance, and nothing else.

Along with diverse strategies, the MQL5 market also provides verified trading results, which is surprisingly rare in comparison with other Forex signal providers. In fact, traders can filter through the potential signal providers based on their results alone. The only real negative, is that you have to sort through the providers, and trust that they won’t abandon their service. Though, with the most popular providers, this shouldn’t be an issue.

  • Price: Varies from $20-$50 for most services
  • Signal frequency: Depends on the provider (you can find whatever you prefer)
  • Trading results: Verified
  • Trading strategy: All Forex strategies are covered

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2. Forex Signal Factory

Forex Signal Factory is a much lesser known entity than many of the other providers, and it’s position in this list could certainly be challenged. Yet, it’s rare, if not impossible, to find a Forex signal service that isn’t looking to make money, or profit from their services. In this case, the vendor doesn’t always provide the most reliable alerts, but they are free, and are often a great guide to assist with manual traders looking for quality entries.

In a market full of sharks, you really can’t wrong with a provider that isn’t looking to take advantage of you. In providing signals for over 3 years now, they’ve managed to grow a very large following with over 13,000 followers on Facebook, and over 78,000 on Twitter, just through word of mouth. If you don’t feel like spending any money, check out some of these free signals via Twitter for yourself.

The results aren’t tabulated or presented, but every single signal is accounted for, win or loss in their Twitter account. So, you could analyze them and add them all up, but I contest that it would be too much work.

  • Price: Free
  • Signal frequency: 15+ per day
  • Trading results: Available, but unorganized
  • Trading strategy: Undisclosed

3. FX Leaders

FX Leaders is a popular Forex signal provider run by Smart Financial Traffic LTD. They provide trade alerts to the community via mobile alerts, sound alerts and email.

Like many other providers, they get traders in the door by offering free signals, and then charge a monthly fee for premium access. You can see in the image above that the entry price is only available for premium members, which essentially makes the free service useless.

While a specific strategy or trading approach isn’t delivered, they do tell us that their analysts rely on many technical indicators including “‘Support and Resistance Levels’, ‘Fibonacci Levels’, ‘Bollinger Bands’, ‘Breakouts’, ‘Moving Averages’, ‘Oscillators’ (trend determiners), and ‘Stochastic Lines’ (overbought/oversold indicators).”

In terms of results, the vendor provides a new report every 6 months which shows the amount of signals, and the monthly gain or loss in pips. The performance report can be downloaded, but none of these trades are verified or in collaboration with a third party.

  • Price: $39.90/month
  • Signal frequency: 90-100/month
  • Trading results: Provided, but not verified
  • Trading strategy: Indicator based

4. WeTalkTrade

WeTalkTrade is a relative newcomer to the Forex market, but they’ve secured a solid level of popularity thanks to providing their signal service through an app. They promise an 85% success rate on 12 major currency pairs with instant notifications coming via their application which is compatible with both Android and Apple devices.

Despite promising an 85% return rate, the vendor doesn’t provide us with any verified trading results. They don’t really come to any assertion as to how they came to the 85% number, which means it’s likely a guesstimate. This is certainly not ideal.

The strategy is also undisclosed, so the only way to really test this service is to use their free membership. Yet, the free membership promises an “average success rate” so it’s really a crap-shoot with these signals.

  • Price: $79.99/month
  • Signal frequency: 90-100/month
  • Trading results: Provided, but not verified
  • Trading strategy: Indicator based

5. JKonFX

JKonFX is one of the more reliable signal providers on this list, as they provide in-depth market analysis from 13 year trading veteran Joel Kruger. Unlike most other services, Joel gives us direct insight into his strategy. He tells us that it consists of a trade journal, trader psychology, bank reports, dashboard analysis, technical analysis and fundamental analysis. There are no specifics as to how these are established in the methodology, but at least we are getting something.

The trading results, while not verified, are very believable. While most Forex signal providers promise huge monthly returns, and landslide pip rushes, this is certainly not the case here. Instead, there is a trade journal with performance percentage gains ranging anywhere from -1.57%, to +59.18% for an entire year. The fact that a losing year is included in the trade journal goes to show that this is a transparent service.

  • Price: $30-$45/month
  • Signal frequency: Undisclosed
  • Trading results: Not verified, but trustworthy
  • Trading strategy: Technical analysis, fundamental analysis and more

6. AndyW LTD

AndyW LTD is a Forex signal service that advertises a strategy that’s built to earn traders 50 pips per day. Started in 2015, this provider promises an 83.4% success rate on all trade alerts, which is a very aggressive claim. The problem with this claim, is that it puts more pressure on the vendor to provide verified trading results, but Andy does not. There is a graph on the chart that shows huge gains, but none of the information provided is confirmed by a third party.

There are no details on the trading methodology.

Trades are sent directly to your mobile device via the application which can be found on Google Play, or the App Store.

  • Price: Undisclosed
  • Signal frequency: Undisclosed
  • Trading results: Not verified
  • Trading strategy: 50 pips per day

7. ToolsTrades

ToolsTrades is a Forex signal provider that offers daily trading signals twice a day Monday to Friday, at 11:00 GMT, and 16:00 GMT. At each of these times 4 signals are provided to the trader, so it’s important that you are available at these times in order for the signals to be viable. Don’t sign up for this service if this is during the night for you, when you are sleeping.

While the vendor claims the service was founded in 2012, all of our evidence suggests that they are actually relatively new to the market with their domain being registered in 2017.

With each of the trades, the vendor provides the strike rates, the trade direction, buy or sell, stop loss and multiple take profit levels.

The trading results are very lackluster for this provider. They are not verified, and many of the results they provide us contradict with each other.

  • Price: $200
  • Signal frequency: 8/day
  • Trading results: Not verified
  • Trading strategy: Undisclosed

8. Pips Alert

Pips Alert is a Forex signal provider that promises a net of between 1000 to 9500 pips per month. These alerts are provided during the London and New York trading sessions, from a team of 15 different traders that have combined for 98 years of experience in the Forex marketplace.

Trades can be accessed directly through MT4 or MT5, or via the online platform dashboard which can also be used for customer support. This vendor believes that there should be no charts, no analysis and no stress with their trading services.

There is no strategic discussion on the website, nor is there verified trading results. The trading results they do provide, are generally unorganized and not up-to-date, which is not a good sign. At the time of the review, the developer was 3 to 4 months behind on their trading results. This vendor needs to do a much better job at providing important aspects that the community require, trading results and trading strategy information.

  • Price: $17.95-$124.95/month
  • Signal frequency: Undisclosed
  • Trading results: Not verified, and unorganized
  • Trading strategy: Undisclosed

9. FX Profit Signals

FX Profit Signals is a Forex signal provider that claims to have 10 years of experience in the financial markets. It is unknown who the creators of the service are, or where they are located. Their trade alerts are provided via telegram messenger, or email notifications.

They don’t tell us the direct trading strategy to utilize, but they have written articles about fundamental and technical analysis, as well as trader psychology, so these are likely all intertwined in their methodology.

The vendor provides free signals, the AP signals, and platinum signals. Each one of their packages provides a different amount of signals per day, and different guarantees on how many pips can be earned per month.

In terms of trading results, the vendor provides some trading statements, but none of them are verified by third-party website. These results are not transparent.

  • Price: €45 – €310
  • Signal frequency: 1-7/day
  • Trading results: Not verified
  • Trading strategy: Short term / Long term trend reversal

10. ForexGDP

ForexGDP is a Forex trade alerts service aiming to provide traders with gains of 300 to 1500 pips per month. They believe that quality is the most important aspect of any signal provider, which is why they provide very few signals per month.

The company claims to be started in 2001, but their website was first registered in 2015, which doesn’t quite add up.

The service provides anywhere from 2 to 25 signals per month depending on how much the trader is looking to spend. The free package offers 2 to 4, the premium package offers 8 the 12th any supreme package offer 16 to 25.

Much like many of the other signal providers we’ve reviewed, there are no verified trading results, and very little in terms of detailed strategic analysis.

  • Price: $84-$147/month
  • Signal frequency: 2-25/month
  • Trading results: Not verified
  • Trading strategy: Big trades, commodity, news, jackpot, trend reversal

11. FX Premiere

FX Premiere seems to have recently changed their name to Forex Signal SMS, but they are reference to their own service as FX Premiere multiple times on their website. There doesn’t seem to be any information as to why they have decided to rebrand their services, but it may have something to do with a handful of one star reviews floating around hurting their reputation.

This group was first established in 2010, with the aim of winning 72% of their trades. They provide trades for EUR/USD-GBP/USD-EUR/GBP-USD/JPY-AUD/USD-USD/CHF-CHF/JPY-AUD/JPY-EUR/JPY-NZD/JPY-GBP/JPY-NZD/USD-GOLD-OIL, on a daily basis via email or SMS at 9AM and 3PM Switzerland time.

They provide a monthly recap of their trading results, showing each of the trades that they have provided, and the corresponding result. As is too often the case, none of these signals are verified by third-party.

  • Price: £37/month
  • Signal frequency: 8/day
  • Trading results: Not verified
  • Trading strategy: Big trades, commodity, news, jackpot, trend reversal

12. Forex Profit Signal

Forex Profit Signal is a signal service that started in 2010, that believes the swing trading is the best way to approach the markets. They promise a gain of 100 pips every 2 days, which also could be simplified to 50 pips per day.

Trade alerts are sent to traders and all sessions, the email or SMS which is an extra charge of $20 per month. Each signal comes with the currency pair traded, the direction of the trade, the entry price, take profit price and stoploss level to ensure the trade doesn’t run in the wrong direction.

Their swing trading approach isn’t elaborated on, and while the trading results are very impressive showing gains of hundreds of pips per month, they are not verified by third-party. The performance graphs of being provided could easily be manipulated by the vendor, which makes them lacking in transparency.

  • Price: $50/month
  • Signal frequency: Undisclosed
  • Trading results: Not verified
  • Trading strategy: Swing trading

13. 1000 Pip Builder

1000 Pip Builder is a Forex signal promises the community that their Forex signal service has unbeatable performance that is 100% independently verified. While this is certainly what we are frequently looking for at Forex Robot Nation, the vendor fails to come through with their promise. They do provide a Myfxbook account, which is a great first step, but this trading account was only active from May 9th 2018, to May 23rd, 2018. It hasn’t traded in over half a year, which is hardly the unbeatable performance this group is advertising.

The vendor promises gains of around 600 to 1000 pips per month, and none of the trading results they provide albeit in small sample sizes, come anywhere close to their promises.

The signals are provided via real-time notifications by email and SMS. There are no sample signals provided, so it’s unknown what they provide in the notification. There is no explanation when it comes to the trading strategy either.

This vendor lacks in transparency and detail.

  • Price: $97/month
  • Signal frequency: 3-4 signals per day
  • Trading results: Verified, but sample size too small to trust
  • Trading strategy: Undisclosed

14. Signals Premium

Signals Premium specializes in trade alerts for Forex traders and those interested in cryptocurrencies as well. They aim to send to do 16 signals per day with a success rate that varies between 60 to 80%.

Located in the United Kingdom, this group is also the owner of signalstips, signalsplace, primefxsignals, signalscfd and a few other providers.

All of the recommended brokerages for this service are unregulated, and the majority of them are all receiving negative reviews here at Forex Robot Nation. This is detrimental to the service, because the only way to sign up is to deposit with one of these brokers struggling with their reputations.

The trading results are labeled as “simulated in a trading technology,” which essentially means that they are not real or verified. In this section, the vendor claims that they’ve made over $20,000 in the past 7 days, but there is nothing transparent about these results whatsoever.

Price: Broker deposit
Signal frequency: Undisclosed
Trading results: Not verified
Trading strategy: Artificial intelligence

15. Max Pip FX

Max Pip FX was first started in 2014 by Julien Detouche, who is located in France. This Forex signal provider tells the community that they’ve been trading since 2011, but this must of been under a different brand, because their domain has only been active since 2014.

The vendor looks to provide traders with 2 to 10 Forex signals per day, using basic economic calendar analysis to provide profitable trades. They tell the community that all trades are vetted by analysts coming from a “professional trading team,” so that clients can be very confident in the potential for success.

Trades are provided via email or SMS, for all of the major currency pairs. In terms of trading results, the vendor shows us a trading account that has gained over $725,000. While this performance is certainly outstanding, none of these results are verified by a third party.

Price: $99/month
Signal frequency: Undisclosed
Trading results: Not verified
Trading strategy: Economic Calendar

Forex Signals Table

Here at Forex Robot Nation we provide the most in depth Forex signal provider reviews on the market. Thus, we are constantly updating our approach, our criticisms, and adding to this table which is nearing over 40 different service. If there is a provider we are missing, that you want to see added to this list, just email us, or leave a comment.

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Conclusion

While the market is filled with Forex signal providers, it’s apparent that few live up to the billing. Most of the services lack in the most important areas, providing very little in terms of strategic analysis, in-depth coverage of their analysts, or even baseline trading results. That being said, our main recommendations continue to be automated Forex EA’s. Utilizing these tools are a great way to increase your trading accounts with consistency.

Top Recommendations

Thanks for reading our full analysis, and feel free to leave a comment with your impressions. We will update this review often, so check back soon to see who is currently the #1 rated Forex signal service.

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52 Comments
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Alphonso
Alphonso
1 month ago

Thanks for such a great list of Signal providers.

I’ll check out MQL5, as well as your robot recommendations too, they sound promising.

Hasn’t been easy navigating Forex, but I think I found a home.

Tricia
Tricia
2 months ago

Please review Xtreme Trader. They have both a free and paid premium group. thanks

Daris
Daris
3 months ago

I have been using Forex Green Pips for a couple months. I’m curious if you have done a review of them. My experience has not been great. It seems their math is a little skewed. They say to take 2 trades with TP about 20 pips on first one and 80 pips on the other and a SL about 45 pips on both. When the first trade closes TP they move the SL on the second to entry point to break even. This is all fine, but the issue is when the trades hit the SL, they only count it once when in reality you have two trades hitting the SL. So, my results are much different than theirs. while they are showing a profit, a lot of times I am showing loss. Maybe I am missing something, I don’t know. But, I’d be curious to see what you thought of this service.

Michael
Michael
8 months ago

Hello, I am Michael from Nigeria, I have subscribed to 2 channels within 3 days, I have blown my account from $400 to $360. I’m tired. Can someone just help me and talk to me about the best forex signal provider I can subscribe to.
Pls.

Keith
6 months ago
Reply to  FRN Team

Good advice 🙂

rich
rich
8 months ago

MQL5 has been a non starter for me. After trying a couple of their most successful providers I’m having to quit.
Not one trade was copied successfully. Market orders on their end and slippage on my platform do not go together.

Daniel Okereke
Daniel Okereke
9 months ago

You recommended automated Forex EA’S, where can i find these?

Aik Zu Yang
Aik Zu Yang
5 months ago
Reply to  FRN Team

Hi sir. Pls make a review on fxstreet signals

Andrew
Andrew
10 months ago

Hi admin, could you please check out Elite Forex Signals nl. Thanks.

Ryan
Ryan
11 months ago

Who’s the best signal provider to fade trades? One who loses more than wins? I’ll be happy to pay them to fade their trades ????

Ryan
Ryan
11 months ago
Reply to  FRN Team

I know it sounds silly, but seriously, what provider out there has a high % of losing? Just fade the trades.

isabella wilson
isabella wilson
1 year ago

This is the best Forex signals provider list I’ve ever seen.Thank you for sharing this blog!.

Sam Haider
Sam Haider
1 year ago

Goody,
What do you think of PipPhenes
I have been keeping looking at these guys for a while now, and their services seem very tempting.

Levi
Levi
1 year ago

Your sincere reviews are all i need right now. This has been very helpful. However, i need a review on imarketslive signal providers. They are the most talked about in my country Nigeria. Also, help me checkout ONEBILLIONSIGNALS. Can i trust them?

Andrew
1 year ago

Be very very careful before signing up to AndyW. I got no pips through his service and had a hard time getting a refund. Total waste of money

johnathon
johnathon
1 year ago

Are these listed in order? meaning number one is the highest rated one? Im assuming it is but i didnt read a countdown so now im confused lol.

And do you guys have a review on best paid signals for options trading?

Kolawole
Kolawole
1 year ago

Thank you for the great work you are doing. I will like you to help check and review the activities of a service provider (FOREXTRADE1) . I have been following their free channel on telegram for about 3months and was able to double my 3k account with my personal money management anyway. I believe your honest opinion and review will help a great deal.

Tim
Tim
1 year ago
Reply to  Kolawole

I just checked this one out and it is nothing but a scam. Shame on you for even mentioning it here. Obviously you work for them or else you are them. Check out reviews from other users. They all say they were scammed by this group.

Messaoudi Imededin
Messaoudi Imededin
1 year ago

Hi
Which one is more compatible with etoro booker

Janet T
Janet T
1 year ago

Your Forex signal list is very helpful, but it doesn’t seem to include a provider that you REALLY trust. Is that just something that doesn’t exist? Or are you on the hunt actively trading to find this?

I would like to know, and I’m sure many of the FRN readers would too.

I’ve been seeking a signal provider I can trust for a while now. One with telegram, whatsapp or some sort of SMS would be preferable.

Thanya
Thanya
1 year ago

Hi admin. Do you know about Forex Trade Forecast provider. I looked on this result, and it have been a great profit and never get lost on their record. It would be awesome if you make a review. Thank you

Douglas Mungai
Douglas Mungai
6 months ago
Reply to  FRN Team

Hi admin.do you know about priceaction forex LTD..it would be awesome if you review
Thanks

James Howard
James Howard
1 year ago

This is a really good list of Forex Signal providers.

I to, like you have been with many different providers, and I’m still on the hunt for one that I can really rely on. I’m hoping that your search for more transparency helps shape the market, and that we start to see the providers change their practices.

Reliability and proof is what we need.

komola
komola
1 year ago

Admin,

Please Check this Forex Signal provider, is it a scam or legit: easy forex pips
if someone uses their signal please give feedback.

Celly
Celly
1 year ago

This signal provider list is outstanding.

I like how you categorize each provider, and put an emphasis on transparency.

In 2019, my resolution is to stop dealing with Forex signal services that aren’t going to show me real, verified trading results.

Kilo
Kilo
1 year ago
Reply to  Celly

Great advice Celly!

I’m going to follow suit. It shouldn’t be my job to test out a 7 day free trial in order to see if the Forex signals are worth my time. They should be able to prove that the signals are worthwhile, before we ever receive a single signal.

Maureen
Maureen
1 year ago
Reply to  Celly

I’ve decided to start dealing only with transparent providers.

I like Forex signals that come with free trials, but even 7-14 days isn’t really enough. I’ve signed up with a service, used them for 7 days, thought they were good, and then had my account take a major hit after using their signals for an extended period of time.

You really have to be careful with some of these signals.

GSW
GSW
1 year ago

Great list.

Been playing around with MQL5.com signals for a bit.

I’m also starting to run some robots as well, and I’m having success there too.

Thanks for your help.

Dezzi
Dezzi
1 year ago

This is the best Forex signals list I’ve ever seen.

I have gone through all 15 providers though, and I’m not very enthused with the options. I feel like the majority of them don’t provide performance results, and I appreciate that you show this in your breakdown of each.

That being said, I think I’ll pursue the automated options instead, for now.

TheWolfie
TheWolfie
2 years ago

This review is super useful, thanks a lot.

So if you should choose, what is the best?

Thanks

Sinsur
Sinsur
2 years ago

Thank you so much for this signal provider list.

Do you think there will be any changes to MQL5 at the top?

Why is it that so many of the services don’t have any verified proof?

Look forward to hearing from you.

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