ForexSignals is a platform that provides signals and other services for traders and various investors. The presentation looks well-written and quite informative. The developers inform us that “Forex trading signals alone are not enough. You need tested strategies, powerful tools, and experienced traders to arm you with knowledge. That’s where we come in.” Let’s check if it’s true.
Detailed ForexSignals review
We have united all useful information from all that information written on the site.
- There are over 83,000 traders that work with this company.
- If we decide to be profitable we need “more than just signals.”
- There’s a one-stop-shop for all Forex things.
- We receive analyst material from knowledgeable traders.
- There are real-time live streams.
- We can share our trading ideas with others.
- They have over 55 years of trading experience.
- We can chat with pro mentors 24/7.
- “Every question will be answered.”
- There are 300+ hours of easy to understand video lessons. Suitable for new and advanced Forex traders.
We have a screenshot of an application and what it includes.
- There’s a strategy for every type of trading.
- An intra-day trading strategy that uses powerful technical indicators to identify moves in the markets before they happen.
- A swing trading strategy supercharged by our Trend Surfing EA will help you identify trading opportunities on the charts.
- There are risk managers provided.
- There are several EAs mentioned but without details.
ForexSignals strategy tests
The presentation doesn’t include backtest reports that could convince us that the system was properly tested before it was released as Trend Surfing EA. It’s important to understand if it was profitable on the past tick data and what results it could achieve.
ForexSignals trading results
The same picture we have when we talk about trading results. It’s the most important part of every presentation. We need them to make for us clear how the system works on the current data and if it’s possible to be profitable with it. We have to know such parameters as win rate, profitability, trade length, average win and loss, drawdowns, and many other details.
The developers provide three packages. The apprentice pack costs 79 EUR monthly. We have only 8 first options. The committed pack costs 41.5 EUR monthly for half a year period. There are 11 features. The professional pack costs 39 EUR monthly. It charges annually. The list of features is the next:
- “We have access to the trading room.
- There’s a pro trading video academy.
- Daily live trading sessions
- We’ll get trade sentiment analysis
- We can receive weekly hot-pick analysis
- Real-time global news stream
- Live interactive workshops
- We get access to pro trading tools
- There’s exclusive brokerage access
- We have direction from mentors
- There are one-on-one chats with a mentor
- There’s a direct line to Mentors
- We get Trend Surfing EA
- We get a license Key to forex tester 5”
We can start a 7-day free trial by providing our email.
We have some onsite testimonials that look like feedback from Trustpilot.
The company created a page on Forex Peace Army. We have 161 testimonials written that formed a 4.5 rate.
The company has a page on Trustpilot as well. There are 1,677 testimonials provided. 94% of them are positive.
This person mentioned what exactly we did. If they are that great, they must have provided trading results verified by Myfxbook to convince us that they are real traders.
The person couldn’t trust this service all the way.
The company is another educational portal without trading results provided. Everything we have is just the wording of how our account will grow if we subscribe to them. We know it doesn’t work like that. The pricing is high for this type of service. We have no refund policy provided.