Review of ForexSignals

ForexSignals is a live forex trading signal platform. It’s designed for beginner and intermediate traders to learn how to become better traders by copying trades or getting feedback on their performance from the pros.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
4.5/5 Star rating
16 min read
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The ForexSignals platform is an educational and learning platform rather than a forex broker or exchange. Signing up gives you access to information like trading signals and useful tools to help you trade forex, but you have to actually place the trades elsewhere. Read on to find out more about ForexSignals and whether you should sign up.

Pros & Cons

Pros:

Offers access to trading tools and professional guidance
Offers a 7-day free trial
You can cancel your subscription at any time

Cons:

What can I do with ForexSignals?

With ForexSignals you can learn how to become a better forex trader. It offers tools like daily live streams, pro feedback, and 24/7 live chat alongside daily or weekly trading signals to help you decide when to make trades.

The platform provides enough academic resources to understand what trading forex is and how you can profit from it over the long-term. It provides access to trading ideas and strategies, a profit calculator, and currency pairs. You can also find global news, a blog, and hundreds of free educational videos.

ForexSignals markets and trading signals

How do ForexSignals’ trading signals work?

Once you have registered for an account with ForexSignals, you will receive daily and weekly updates and trading signals on your phone, email address, and push notifications via the app. 

Using signals alone isn’t enough to turn any trader into a successful one, and this is why ForexSignals offers much more than just signals. It provides detailed data, videos, market commentary, trade ideas, and mentoring on specific forex pairs, among other features. 

How regularly will ForexSignals send me trading signals?

Based on the type of subscription you choose, you can expect anywhere between 5 and 25 signals per week, alongside 24/7 live chat with pro mentors. 

ForexSignals provides five types of signals, with innovative names like Queenspan, Yen Men, BlocShock, CrossBoss, and MboOST. Each signal offers information on 3-7 currency pairs and you can choose the ones you want based on your personal trading needs.

Also, depending on the report option you select, you will receive trading signals 1-2 designated times a day during the New York and London/Tokyo trading hours. 

Which markets will ForexSignals send me signals for?

With ForexSignals you can receive signals for up to 7 different major currency pairs, 21 minor pairs, and 64 exotic pairs, including:

  • Major pairs: EUR/USD, USD/JPY, USD/CAD, USD/CHF, NZD/USD
  • Minor pairs: EUR/GBP, EUR/AUD, GBP/AUD, CAD/NZD, AUD/NZD
  • Exotic pairs: USD/CNH, USD/RON, EUR/NOK, CHF/HUF, AUD/HKD

What assets and products can you trade on ForexSignals?

Currently, ForexSignals provides trading signals for 7 major forex pairs, such as GBP/USD, AUD/USD, and USD/CAD, along with 21 minor pairs, and over 60 exotic pairs.

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Can ForexSignals place trades automatically?

No, as ForexSignals is strictly a forex trading community and signals provider. It does not offer a trading/exchange platform or automated trading, this includes third-party brokers and exchanges.

Can I trade with leverage using ForexSignals?

No, while the ForexSignals community will provide some educational materials and tutorials regarding trading with leverage and its associated dangers. It does not provide an integrated trading platform or any leverage to trade with.

ForexSignals platform

What devices can I use ForexSignals on?

You can use ForexSignals as a web application directly in any browser or you can choose to download the mobile app available in both the App Store and Google Play.

  • Web browser
  • Tablet
  • iOS mobile devices
  • Android mobile devices

Can I use ForexSignals in my country?

ForexSignals is available to anyone, anywhere in the world with no existing country restrictions.

Is ForexSignals available in my language?

Currently, ForexSignals and its trading alerts are available in English and German.

How easy is it to use ForexSignals?

ForexSignals was built for anyone wanting to become a more successful forex trader, it boasts a user-friendly interface with quick access to its main features. The mobile app can be easily accessed wherever you are and offers all the elements of the online version as well as quick access trading alerts.

The broader ForexSignals platform offers a wide series of educational resources combined with professional trading tools such as profit calculators, a forex economic calendar, and a free weekly report. 

Additionally, clients also have access to a section entitled “Forex Education”, where they can apply for a mentorship program to learn more about forex options trading, scalping, or how to set up the MetaTrader 4 (MT4) trading platform to integrate with its trading signals.

Key features

ForexSignals strives to be an all-in-one forex investing and learning platform, here are some of its key features. 

7 day free trial

Unlike many other similar platforms, ForexSignals allows its clients to try the perks of their services for seven days, absolutely free. If you like what ForexSignals has to offer, you can then sign up to any one of three account types and be billed starting only from your eighth day. 

Trading rooms 

You’ll never miss a trading opportunity anymore with ForexSignals’ trading rooms. You can tune in to daily live streams to watch pro analysis of the forex market. You can also watch, learn, and copy trade setups, and even ask questions throughout the day.

Professional traders as mentors

ForexSignals values learning and offers a team of professional forex mentors at their clients’ disposal. You can leverage their 50+ years of direct market experience and trade based on their professional tips and market calls. 

Security and regulation

Is ForexSignals safe?

ForexSignals is not an online forex broker and it does not hold client funds. Instead, it was created as a platform where forex traders from around the world can share trading strategies, tips, tricks, and years of their experience to teach others how the trading market works. 

Any account subscription payment made to ForexSignals is secured by Norton Secured. 

Am I and my money protected?

ForexSignals doesn’t provide any online brokerage services and as such does not hold client’s funds in custodial accounts. The only type of fee ForexSignals’ charges is its monthly account subscription fee.

Is ForexSignals regulated?

Currently, ForexSignals is not regulated by any recognised financial authority anywhere.

Do I have to verify my account with ForexSignals?

You do not have to provide any private information when signing up to ForexSignals, as it is not an online trading platform or broker.

Extra information

Educational resources 

ForexSignals is created to meet the needs of beginners, novices, and intermediate traders. It provides access to a wide array of educational materials and other free resources, such as a knowledge base, a forex forum, and even one-on-one mentorship depending on your account type.

Tools and charting

Although ForexSignals mainly caters to the requirements of beginners, the tools and charts provided are designed to make trading both easier and faster. The platform only offers the option of manually trading its signals, but still provides access to a lot size calculator, a profit calculator, a currency heat map, and a forex market economic calendar.

Customer support

You can get in touch with ForexSignals’ customer support team directly via the live chat box on the right bottom corner of the homepage. Any other inquiries can be sent to [email protected]

Alternatively, you can choose to contact ForexSignals through any of its social media accounts, such as Facebook, Instagram, Twitter, LinkedIn, or Telegram. 

Our verdict

Launched back in 2012, ForexSignals is one of the most respected forex trading signal providers in the industry, with an all-in-one service for those who want to not just copy successful trades, but also learn more about the fine art of trading and develop their own skills and trading strategies. 

You can choose from any one of three account types – Apprentice, Committed or Professional, which give you access to trading rooms, a pro trading video academy, daily live trading sessions, and of course trading signals. ForexSignals has built up a solid reputation online, with good user reviews for its platform on trusted sites such as TrustPilot and it is vouched for by over 80,000 clients worldwide. 

Overall, ForexSignals appears like a well-established forex trading community that has a vested interest in helping you learn to trade better, which is a rare thing nowadays. Given that a free trial is on offer combined with all the rest of the aforementioned features, you literally don’t have anything to lose by giving ForexSignals a try.

How to open an account with ForexSignals

How to open an account with ForexSignals

  1. To open an account, you just have to go on the main page
  2. click on the “Login” button on the top right corner of the page. 
  3. You can choose to get authenticated using your Gmail, Facebook or an email address. 
Who owns ForexSignals?
How does ForexSignals make money?
Does ForexSignals work?
Is ForexSignals free?
Is ForexSignals a scam?
What are forex trading signals?
What are crypto signals?
Is ForexSignals worth it?
Does ForexSignals give free forex signals?
Does ForexSignals give free crypto signals?
Does ForexSignals have an app?
Can I make money with ForexSignals?
Can I get signals over Telegram with ForexSignals?
Can I trade forex on ForexSignals?
Does ForexSignals offer CFD trading?
How do I delete my ForexSignals account?
What if I forget my account password?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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