Service Review: Signals Premium (SignalsPremium.com)

Today I’m taking a closer look at a Forex and crypto signal service with 4 different artificial intelligence options, Signals Premium. Depending on what you plan you sign up with, this provider looks to send out anywhere between 2 to 16 signals per day, with the success rate between 60 to 80%. I’m not sure how they navigate the quality of their signals, but the performance fluctuates depending on what type of plan you are signed up with.

It’s unknown who the creators of this service are, but it’s clear that they own many different signal services. Such as signalstips, signalsplace, primefxsignals, signalscfd and others. It’s unclear whether or not these signal services are providing all the exact same signals, but there are certainly similarities which lead me to believe that that is the case. Their head offices are located at 1 Bridge St Omagh BT78 1BA United Kingdom, and they can be contacted via email at Info@signalspremium.com, or phone +442080891537.

Signals Premium Review

There is very little information in regards to how the Signals Premium trades are being generated. As I mentioned above, we are presented with 4 different artificial intelligence signal providers to choose from. This section of the website is contradictory, because there are images of people, with names, locations, ages, and occupations but then at the bottom we are told that these are real people. For example, we are introduced to Denise K, who is age 38, focused on Forex trading, works as a bank analyst and has the favorite asset of CAD/USD. Yet, right underneath and above this profile is the statement that this is AI.

This type of approach really makes very little sense to me. I don’t understand why the developers would be creating these weirdly personal profiles that are obviously fabricated and have no bearing on the strategy. Meanwhile, they give is no actual information about the strategy and trading approach of each artificial intelligence based system.

The main aspects of this service are confusing, and need to be flushed out much better by the development team. There is simply too much secrecy and indecision. I think part of the reason for this, is that the developers want traders to chat with their support staff via their persistent live chat popup. I’ve seen similarities in recent signals service reviews like, WeTalkTrade, and FX Premiere.

Breakdown

• Type: Forex Signals
• Price: Deposit
• Strategy: Undisclosed
• Timeframe: All Timeframes
• Pairs: SILVER, GOLD, EURJPY, AUDUSD, EURGBP, USDJPY, EURUSD, USDCAD

In order to access the Signals Premium service traders are required to register with brokers that they recommend. Traders have the option of signing up with KayaFX, AlphabetFX, EverFX and Prestige Financial Markets. All of these brokers have minimal experience in the Forex marketplace, but likely provide some of the best affiliate commissions. I do believe that we have to be somewhat cautious with these recommendations, considering the developer doesn’t recommend any of the most popular and trusted brands in the market.

Trading Results

The Signals Premium trading results are hosted directly on their own website, so we can’t verify or validate these results in any way. The vendor claims that they’ve made over $20,000 in the past 7 days, and just over $70,000 in the past 30 days. These results are provided to us showing the asset, direction, strike rate, strike date, exit rate, exit time, pips won or lost, and total profit.

The issue with these type of results, is that the vendor can essentially cherry picked trades whenever they want. These have the potential of being actual signals, but there is no way of us knowing whether or not there are more or less than the signals provided. The vendor could easily not report the losses, and only report the large wins because they are in total control of this results table.

It’s also stated that the “results are simulated in a trading technology,” which essentially means that they aren’t real.

In order for this service to be taken seriously, they need to upload their trading statements to real statement sharing services like FX Blue or Myfxbook. This would go a long way in providing some sort of credibility.

Conclusion

Normally, I would include a section before the conclusion with the client feedback, but there doesn’t seem to be any real client feedback about this service at this point in time. In terms of my final decision, I don’t believe that I’ll be signing up just yet, because the trading results are not transparent enough and I would like to know more about the brokers that I’m required to sign up with before I invest my money.

If there’s anything you would like to add, please leave your remarks and comments below the article now.