Signals Review: Signalator

Signalator is a Forex signal provider that claims to have been serving traders with trade alerts for over 15 years. The service offers trading signals sent by professional human traders via SMS and E-mail. They also offer the automated execution of trades for any of their clients utilizing the MT4 platform. They understand that it’s difficult to devote time to trading when you are working a full-time job, but they want their signals to be available to as many Forex traders as possible.

The service is owned by Signalator Ltd., originally called TrumpGain Corp, then SignalsForex. They are registered in “England and Wales, no:06219867. 53 Rodney Street, Liverpool, L19ER, UK. VAT: GB993299751.” Support can be contacted via their live chat button, or by filling out their contact form for an email response. They claim that the expected response time is 2-3 hours during business hours.

Signalator Review

The Signalator service prides itself in their signals, but also in their risk management services, their signal delivery options and their customer support. The main difference between this provider and most of the other signal services in the market, is how they organize their packages. They feel that it’s necessary to “offer several types of signals for the same currency pair,” for traders with different trading deposits, risk levels and investment expectations. These 3 types of signals, include Basic, XT, and Plus.

Basic Signals

The basic signals are advertised as “the least efficient signals available.” The signals have higher expected levels of drawdowns of up to 350 pips, with a short intraday trading methodology with SL and TP levels approximately 30 to 40 pips. Throughout the description, the vendor consistently downplays the usefulness of these signals, to the point where I certainly wouldn’t recommend them, or have them included in our Forex signal provider reviews.

XT Signals

The XT signals are advertised as much more efficient Forex signals because the analysts use much more advanced techniques. This signal type has lower drawdown levels of approximately 200 to 250 pips per pair, and the vendor provides about 11 trades per month. The signals are built for every level of trader, because they avoid erratic market conditions that can be caused by extreme or high importance news events.

Plus Signals

The Signalator Plus signals are advertised as the most efficient type of trading that they offer. With this service traders get access to 7 signals per month with the lowest drawdown level of 150 pips, and an expectation of 50 pips or more per trade. The vendor believes that these signals are perfect for long-term traders that want consistent results, as they use these exact signals for their managed Forex account service.

Breakdown

• Type: Forex signals
• Price: $105 – $295 per month
• Strategy: Undisclosed
• Signal Frequency: 7-20 per month
• Trading Results: Unverified
• Pairs: GOLD, GBPJPY, GBPUSD, USDJPY, EURUSD, AUDUSD, EURJPY, AUDJPY, USDCAD, USDCHF, NZDUSD

Sadly, the Signalator team does not give any real insight into their Forex trading strategy. Based on the website, the vendor comes across as intelligent and knowledgeable about the Forex markets, but a little more information about the strategy would go a long way. I also recommend that they introduce us to some of their analysts, so we know what type of traders are providing the Forex signals, which is what services like FX Leaders and DD Markets do.

In terms of price, this varies based on the package traders sign up for. The Basic signals cost $105 per month, the Signalator XT signals cost $135 per month, and the Plus signals cost $295 per month. These are certainly the highest these I’ve ever come across in the Forex marketplace. They offer a demo account subscription as well, and even these are exorbitantly priced with the basic signals demo account somehow costing more then the basic live signals package.

I believe that one of the main expenses making the service this exorbitantly priced, is the fact that they provide a VPS with their service. This is a nice touch, but they may want to look into offering packages with and without this edition.

Trading Results

The Forex Signalator service provides very detailed results on the website, providing full breakdowns that go all the way back to September 2014. These signals are separated by signal type, and show the commutative results for many years. In looking at the equity curves for these accounts, it’s quite clear that most of them profit very quickly, and then look to sustain those gains. It’s worth noting that the majority of the gains of each of these accounts came in the first 6 months of trading.

There doesn’t seem to be any major gains for any of the signal types since 2016.

While the results are consistent, and detailed well by the vendor, they are not verified by any third party. I don’t have made your questions about their transparency, as the company comes across as very legitimate, but before I spend hundreds of dollars on a monthly basis, I do require verified results. This is easily achieved by opening a Myfxbook account, so there’s no reason why this should an issue.

Conclusion

We found both positives and negatives for the Signalator Forex signal service. The positives are that they come across as very professional, offer many different signal sets, a free VPS and obvious expertise. The negatives are that the vendor doesn’t introduce us to their analysts, doesn’t provide us with trading strategy, and there are no verified trading results. If they rectify a few of these areas, we will certainly give this a much closer look.

If you have anything you would like to add to the review, please leave your comments below the article now.