Source: https://elliottwave-forecast.com/forex/best-forex-signal-providers/
Forex markets are brutal and uncertain territories to explore but at the same time, it offers an immense opportunity to build wealth, prosperity, and enable you to achieve your financial goals in no time.
It is nearly impossible for everyone to be an expert but the great news is you don’t have to be an expert to take advantage of such rewarding opportunities that come at your door every single day.
All you need is a reliable, trustworthy, verified, and well-established trading and forex signal provider who will do all the heavy lifting and you would just need to take a position and see your profits grow.
With that being said it can be a highly daunting task to find a forex signal provider you can rely upon, especially when the market is flooded with false claims and more than 150 providers.
Therefore we have compiled a detailed analysis for you showcasing 8 Best Trading & Forex Signal Providers with an extensive detailed review to help you choose the best forex signal provider for yourself.
List of Best Trading and Forex Signal Providers
Forex Signal Providers | Price | Signal Frequency | Results | Strategy Adopted |
1. Elliott Wave Forecast | 14 days free trial and later subscriptions. Starts $99.99 per month | Personalized services | Verified | All strategies covered |
2. Learn 2 Trade | £35 per month | Between 3 – 5 each day | Verified | All strategies covered |
3. MQL5 | $20-$50 per month | Depends upon the provider | Verified | All forex trading strategies covered |
4. Forex Signal Factory | Free | Over 15 each day | Available but disorganized | Not disclosed |
5. FX Leaders | $39 per month | 90 – 100 per month | Provided but difficult to Verify | Mostly Technical Indicators |
6. WeTalkTrade | $79.99 per month | 90 – 100 each month | Provided but difficult to Verify | Mostly Technical Indicators |
7. ForexGDP | $84 – $147 per month | 2 – 25 each month | Difficult to Verify | Commodities, News analysis, and Trend reversals |
8. Signals Premium | Based on broker deposit | Not disclosed | Difficult to Verify | Automated technological analysis |
1. Elliott Wave Forecast
Being one of the largest technical analysis firms in the world, Elliott Wave Forecast offers a wide range of asset groups including Forex, Commodities, Crypto Currency, World Indices, U.S. stocks & ETF.
With such varied asset groups, you can conveniently benefit from almost every upcoming market opportunity and make exponential profits.
The other aspect the makes Elliott Wave Forecast one of the best forex signal providers is its team of experts. As they say, profits can only be in the market when there is solid research behind your decision making.
Hence at Elliott Wave Forecast, you can bank upon the experience of 10+ market analysts with an extensive background in the financial market and technical analysis. Experts include Eric Morera (Founder & Chief Strategist), Daud Bhatti (Partner & Senior Analyst), Hendra Lau (Analyst & Live Trading Room Host), Lewis Jones (Analyst), Hassan Sheikh (Analyst) Aidan Chan, Vlada Bojic (Chat Moderator), Robb Hutzal (Analyst) and Helgi Diehl (Chat Moderator).
With the above-mentioned names, it is quite evident that Elliott Wave Forecast intends to provide transparency to the users and this immensely enhances their credibility and reliability.
When it comes to service delivery, Elliott Wave Forecast offers a 14 days free trial to its users before any commitments which is a very rare facility to find these days when it comes to forex signal providers making it the best free forex signal provider. This also provides users with an opportunity to get the experience of the platform & builds a long term trust among clients.
Price: Offer Free 14 days Trial and later Subscription Plans can be opted ranging between $99.99 – $399.99 per month
Signal Frequency: Offers personalized services with trading education for an all-round experience
Results: Verified
Strategy Adopted: All strategies covered
2. Learn 2 Trade
One of the trusted forex signal providers, Learn 2 Trade is known to provide real-time market analysis, trending news, forex trading recommendations as well as ideas.
Learn 2 Trade offer their services in various premium plans where a user can choose among Monthly, Quarterly, Bi-annually, or Lifetime access account to get daily forex signals and daily forex analysis. If you are into investing in stocks do research and invest in best day trading stocks.
Being one of the best forex signal providers in the UK, Learn 2 Trade services begin from £35 and go up to £250 for a Lifetime Account.
Price: Starting with £35 per month
Signal Frequency: Between 3 – 5 each day
Results: Verified
Strategy Adopted: All forex trading strategies are covered
3. MQL5
Being one of the most unique and diversified platforms, MQL5 is one of the major resources for Forex MT4 & MT5 platform users making it one of the best trading platform for forex. Its unique facilities include a Web terminal to provide a full-featured technical analysis platform, social trading facility, and an open marketplace for trading services like applications, hosting services, and others.
Putting more emphasis on performance instead of a stereotypical approach, allows any trader with forex trading experience to offer signals and solely judges the traders on the basis of their performance.
Such a unique approach provides users to experience a diversified network of traders globally.
As this is a competitive marketplace for traders to provide forex signal services, therefore every trader has a different price point for their services depending upon their historic success rate.
However at an average, the service price ranges between $20 to
$50 for the majority of services and all the results claimed are verified.
Price: Averaging between $20-$50 per month
Signal Frequency: Depends upon the provider you choose as this is an open platform
Results: Verified
Strategy Adopted: All forex trading strategies are covered
4. Forex Signal Factory
Fairly a new entrant and a much lesser-known forex signal provider, Forex Signal Factory is one of the best free forex signal providers in the industry.
It is natural to doubt a forex signal provider with dependable services if not the best services, to offer these services for free and definitely can make you raise your eyebrows.
However, Forex Signal Factory has been in the market for the past 3 years and has gained a reputable position among traders.
With its increasing following on social media like Twitter and Facebook, Forex Signal Factory is determined to become one of the best daily forex signals providers.
Moreover, Forex Signal Factory is the best forex signal provider for beginners as you can get a first-hand experience of forex trading analysis without spending any money.
Talking about the drawbacks, one of the major limitations of this forex signal provider is that the results are provided but are entirely unorganized. Therefore if you would like to verify their forex signals then it would be immensely challenging and require a lot of work.
Price: Free
Signal Frequency: Over 15 each day
Results: Available but disorganized and difficult to verify
Strategy Adopted: Not disclosed
5. FX Leaders
Being a well-known forex signal provider backed by Smart Financial Traffic Ltd., FX Leaders provide forex signal alerts through multiple media like mobile, sound as well as email alerts.
FX Leaders follows a similar approach to that of other forex signal providers with free signal offerings and then charging for premium access.
Varied strategies are adopted by the platform by utilizing the most popular technical analysis tools like Support & Resistance levels, Fibonacci, Bollinger Bands, Breakouts as well as various oscillators and stochastic indicators.
When it comes to results, FX Leaders does provide a reference report every 6 months with all the signals as well as monthly gain or loss however none of these trades are verified.
Price: $39 per month
Signal Frequency: Between 90 – 100 per month
Results : Provided but difficult to Verify
Strategy Adopted: Mostly Technical Indicators
6. WeTalkTrade
Even after being a newbie, WeTalkTrade has built strong popularity and reputation among traders. One of the reasons that make WeTalkTrade the best forex signal provider is its application services through which they deliver their services.
Moreover, WeTalkTrade adapts to the new age technical demands with their app which is compatible with both android as well as iOS and offers services through instant notifications.
Post-in-depth analysis of their results it is difficult to comment on their claim of providing an 85% success rate on 12 currency pairs. We weren’t able to find any verified results backing their promise of an 85% success rate and it will be wise to assume that this number is most probably a guesstimate.
Price: $79.99 per month
Signal Frequency: Between 90 – 100 each month
Results: Provided but difficult to Verify
Strategy Adopted: Mostly Technical Indicators
7. ForexGDP
Considered one of the best forex signals providers, ForexGDP has made a name for itself in forex signal providing services. ForexGDP offers trade alerts with targeted gains of around 300 – 1500 pips each month.
Being focused more on quality and aiming to provide trades with a high probability of profitability, ForexGDP provides a limited number of signal recommendations. In fact, after reviewing their signal frequency we can deduce that they offer an average of only 2 – 20 forex signals each month.
The reason why ForexGDP is one of the most sought after forex signal provider is its free package offerings that provides 2 to 4 recommendations and can be beneficial for beginners to get free forex signals online.
Price: Between $84 – $147 per month
Signal Frequency: Between 2 – 25 each month
Results: Difficult to Verify
Strategy Adopted: Mostly based on commodities, news analysis, and trend reversals
8. Signals Premium
Being one of the best forex signal providers in the UK, Signals Premium is a specialized platform that offers trade alerts for Forex traders as well as cryptocurrency enthusiasts.
Their focus is to provide around 16 signals per day and deliver around 60% to 80% success rate, which sounds pretty reasonable.
Headquartered in the United Kingdom, Signals Premium also runs various other providers like signals tips, signals place, primer signals, signals, and few others.
One thing to be wary of is the negative reputation all the brokers have gained due to bad reviews and lack of regulation.
This impacts Signals Premium tremendously as the platform requires the user to put a deposit with one of these brokers to sign up and with such a negative reputation, it will be natural for users to be hesitant.
Moreover, the forex signals results are also not verified raising many questions. Their claims made on the platform also could not be verified and naturally raises few concerns about their transparency.
Price: Based on broker deposit
Signal Frequency: Not disclosed
Results: Difficult to Verify
Strategy Adopted: Automated technological analysis
Other Forex Signal Providers worth Checking
9. Pips Alert
10. Forex Profit Signal
Conclusion
Conclusively, it is quite evident from the above-mentioned details that all 8 forex signal providers are best in many aspects, however, it is always suggested to choose the forex signal service provider who is transparent, reliable, and focuses on long term business relations with its clients.
Therefore considering all these factors, Elliott Wave Forecast trumps all the rest of the providers with its state-of-the-art technological platform, reliable customer service, and convenience of access to over 75 instruments under one roof.
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