Signal Detector 47 is a new Forex signal and expert advisor service that’s focused on providing “lower cost” options in a rather expensive market. They also offer managed account services, and claim to have over 4,500 clients. We will be analyzing each and every claim provided by this vendor, to let you know if it’s a viable investment opportunity.
There is little to no information provided about the creator of this service. We have no access to their trading history, location, or identity. They claim that they have 9 years of trading experience in the Forex market, but do little to back it up with fact.
In order to get in touch with support, traders can email email@example.com or phone +00 1 503-800-9888.
Signal Detector 47 Review
Our first impressions of the Signal Detector 47 product line is negative. The website is poorly put together, and comes across as unprofessional. There are many missing elements, and a real lack of transparency that we too often see from new vendors in the Forex market.
They offer three different services, so let’s just jump right in and analyze each one properly.
The Signal Detector 47 team promises “trusted Forex signals with verified results.” While this sounds great, the vendor really doesn’t provide us with any of the trading results that are promised.
All we could find are three screenshots in their testimonials section that can’t even be clicked on or enlarged in any way. So, even if screenshots were a viable method of trading result, we can’t see them. There is no sign of verified trading results anywhere on the website, making this a false claim. Until they give us access to their results, they won’t qualify for best Forex signal provider status.
This makes their promises less appealing, but here’s a list of what they offer:
- 12-15 signals per day
- Target of 6000 pips per month
- Live telegram alerts
- Analysis of Forex majors, indices, oil and gold
- Trading zones
- Exact entries
- Trade management advice
Traders get access to each of these features for $40/month or $225 for lifetime access. They also offer daily plans, weekly plans, and many more ways to access the service. They really offer more plans than necessary.
The Signal Detector 47 team offers two different automated robots. The Gold/GBP Hunter, and the Signal Detector 47 EA v2.0.
Both the programs utilized a “‘strong current trend following strategy” relying on a mixture of trading indicators. The EA’s are completely automated, and the support team promises to help when called upon.
In terms of trading results, there’s a 12 second YouTube video scrolling through the MT4 application on someone’s phone. The video sounds like it’s being recorded in an airplane hanger, and there is no voice. It’s really not what you want to see from an investment service.
Here’s what the robots have to offer:
- Compatible with all brokers
- Daily return of 4-8% (not proven)
- One time fee
- Risk management
- Trades XAUUSD, GBPNZD, GBPUSD, GBPJPY, GBPAUD, GBPCHF, GBPCAD, EURUSD, USDCHF, EURCHF, EURCAD, NZDCAD, AUDCAD, AUDUSD, NZDUSD
The issue with their robot service is that they don’t prove any verified results, the same issue we have with their signal service. If they want to compete, and be considered for best Forex robot status, this is the top requirement.
Managed Account Service
The Signal Detector 47 team also provides a managed account service, which requires a minimum balance of $500, a leverage over 200:1 on “standard brokers only.”
They promise a daily profit of 4-5%, with a maximum drawdown of 8-10%. There is profit sharing every two weeks, based on the amount of funds invested. Here are those numbers:
- $500-$900 balance, 50% profit share
- $901-$1499 balance, 45% profit share
- $1500-$3000 balance, 40% profit share
- More than $3000 balance, 35% profit share
All of these numbers are acceptable, but none of them really matter without any real trading results.
The issue with the Signal Detector 47 service and all of their products, is that they are based exclusively on unproven promises. They need to desperately upgrade their level of transparency, and their web-site design while they are at it. It does seem like they are trying to put too many logs on the fire, before even a single ember is hot. Until they meet the basic expectations of each product, we won’t be able to recommend any of their services.
If you have anything you would like to add to our review, please leave a comment or question below the article now.
Signal Detector 47 $13-$599
- Client Feedback
- Customer Support
Signal Detector 47 is a Forex signal service aiming to provide 4-8% returns daily.
Three different options
No verified results
Little strategy insight