Review Is This Signal Provider Scam Or Legit

Best Binary Options Brokers 2020:
  • Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
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  • Binomo

    Good Broker For Experienced Traders!


Binary Options Signals

If you are looking for hands-free binary options trading, this is the place where you will find information about signal providers, robots and autotraders. Semi-automatic, fully automatic binary signals and robots, profitable or shady, they are all here somewhere. Read reviews, compare and choose what’s best for you!

Service name Membership cost Monthly signals Assets types E-mail alerts Sms alerts
UpDownSignals 97$ 30-40 forex & commodities Yes Yes
BinaryOptionsTradingSignals 97$/2Weeks 50-80 Currencies & Commodities Yes Yes
QuantumBinarySignals 149$/Month 40-60 Forex, Stocks, Commodities, Indices Yes Yes
ProBinarySignals 99$ /Month 50-80 Oil, Gold, Currencies, Indices Yes Yes
OptionBOT 97$-197$ Currencies Yes No
BinaryOptionsGo 97$ /2 Wee 50-80 Forex, Stocks, Commodities, Indices Yes No
Binary Options Pro Signals 97$ /Month 50-80 Forex, Indices Yes No
Binary Options Signals Europe 97$ /Month 50-80 Forex, Indices Yes No
Signal Coyote 150$/ Mont 100 Currencies, stocks, indices, commodities Yes Yes
Binary Options Live Signals $299/ 1 Se 48-60/ 1 Session Currencies No No
Cherry Coke $500/ mont 80 Stocks and Currency pairs Yes No
Signals Binary Free** 200 Currencies and Stocks Yes No
Signal Feeds 35$ /Week 100-120 Currencies, Stocks, Indices, Commodities Yes Yes
Million Dollar Insider Free* unknown unknown Yes No
Binary Options Experts 199$ /Mont 50+ Forex Yes No
Winner Binary Signals 49$ /Month N/A Stocks, Forex Yes Yes
AutoEABinary Affiliatio N/A Forex Yes Yes
Signal Push 100$ /500 N/A Stocks, Forex, Commodities Yes Yes
Profit in 60 seconds 997$ /Life N/A Forex Yes No
Binary Trading Robot 47$ /Life N/A Forex Yes No
Trade per Day Free 25-30 Stocks, Forex Yes No
The Binary Signals 97$ /Month N/A Stocks, Forex Yes Yes
Profit Binary Signals 199$ /Mont 40-200 Stocks, Forex Yes Yes
Binary Options BluePrint 77$ /Life N/A Forex, Stocks Yes Yes
BO Signals 50$ /Month N/A Stocks, Forex Yes Yes
Binary Options Bullet 68$ /Life N/A Forex Yes No
Binary Option Autotrader 100$-1000$ 80-150 Forex Yes No
VIP Binary Options Signals 299$ /Mont N/A Forex Yes Yes
The Real Binary Bot Free* N/A Forex, Stocks, Indices Yes No
Binary Matrix Pro 0.01$ /Sig 45-100 /Day Forex Yes Yes
Binary Options Trading Signals (Franco) 184$ 30-40 forex No No
KimSignals 2.0 60$/month 50 Forex No No
ZERO RISK Strategy 10$/month 100 Forex No No
BinaryOptionsArea 99$/month 100 Forex No No
Green Room Academy n/a >60 Forex, Futures No No
Auto Binary Signals 100$/month n/a Forex, Commodities No No
ITMSignals 125$/month n/a Forex, Commodities Yes Yes
Binary Options Signals Experts n/a n/a Forex, Futures Yes Yes
Binary Option Beast 397$ >50 Forex, Futures Yes Yes
Binary PowerBot 69$ n/a Forex No No
SixtySecondsOptions 40$/month n/a Forex, Futures Yes Yes
BINARY OPTIONS ROBOT Free 300+ Forex, Futures, Commodities Yes Yes
TrendXpert N/A 50-200 Forex, Futures, Commodities Yes Yes
Binary Option Robot (2nd one) N/A 200+ Forex, Futures, Commodities Yes Yes
Signals365 Free 150+ Forex, Futures, Commodities Yes Yes
John Anthony Signals Free 100+ Forex, Futures, Commodities Yes No
Disrupt Trading App Free* 100+ All No No
Binary Signals App Free 150-300 Forex Yes No
TheBinaryProfi No No
1K Daily Profit Free N/A Forex, Commodities Yes No
Dubai Lifestyle App Free N/A Forex No No
Option Robot Free 50-150 Forex Yes No
Tesler App Free >200 Forex, Commodities Yes Yes
Infinity App Free N/A Forex, Futures, Commodities Yes Yes
TAI Robotic Free 250 Forex, Futures, Commodities Yes Yes
Freedom Circle Robot Free 150-300 Forex, Futures, Commodities Yes Yes
HBSwiss App Free 200 Forex, Futures, Commodities Yes Yes
Bitcoin Robot 2.0 n/a n/a n/a No No
DesertMillionaire Free N/A Forex, Commodities Yes No
30KChallenge Free 150-300 Forex, Futures, Commodities Yes Yes
Binary Robot 365 Free 150-300 Forex, Futures, Commodities Yes No
Bitcoin Code Free >200 Forex, Futures, Commodities Yes No
Crypto Robot 365 Free 150-300 Forex, Futures, Commodities Yes No
Fintech LTD Free >200 Forex, Futures, Commodities Yes No
BitcoinMillionaire Free N/A Forex, Futures, Commodities Yes No
Bitcoin Trader Free >200 Forex, Futures, Commodities Yes No
Maximus Edge Autobot Free >200 Forex, Futures, Commodities Yes No
The Crypto Genius Free >200 Forex, Futures, Commodities Yes No
The Bitcoin Method Free 250 CFD, Bitcoin No No
Ethereum Code Free >200 Forex, Futures, Commodities Yes No
Bitcoin Loophole n/a n/a n/a No No
Blazing Trader Free >200 Forex, Futures, Commodities Yes No
FXMasterBot n/a n/a n/a No No
Delta Tech n/a n/a n/a No No
Maximus CryptoBot n/a n/a n/a No No
Profit Wizard Pro n/a n/a n/a No No
Bitcoin Focus Group Free 200 CFD, Bitcoin Yes No
Postero Free N/A cryptocurrencies No No
CryptoTrader n/a n/a n/a Yes Yes
CryptoUnlocked Free >200 Cryptocurrencies, Bitcoin No No
CryptoSoft Free >200 Cryptocurrencies, Bitcoin No No
Huber Free >200 Cryptocurrencies, Bitcoin No No
50K a Week Free >150 CFD, Options No No
Crypto Dukes Free >200 Cryptocurrencies, Bitcoin No No
CentoBot Free >200 Cryptocurrencies, Bitcoin No No
BinBot Pro Free* >200 Forex, CFD No No
BitcoinsWealth Free* >250 Cryptocurrencies, Bitcoin No No
Cryptocurrency Institute Free* >250 Cryptocurrencies, Bitcoin No No
iMarketsLive Free* >200 Forex, CFD, Cryptos No No
Gunbot Free* >150 Cryptocurrencies, Bitcoin No No
The Inside Trader Free* >100 CFD, Forex, Bitcoin Yes No
Bitcoins Wealth Club Free* n/a n/a No No

Binary Options Signals List 2020

In Binary Options, CFD and Crypto trading, trading signals refer to suggestions made by experts or automated robots specializing in Binary Options trading. Therefore, trading signals are trade recommendations made by analysts after their assessment of the market and the identification of certain opportunities. Trading signals are more likely to expire in the money as traders who suggest them have years of experience in the trading field. Therefore, with trading signals, you can achieve an increase in the overall return on investment. While using trading signals you must take into consideration certain factors in order to make the signal work.

One of these factors is time. A Binary Option trade needs to be placed at the right time; immediately after receiving the signal from your signal provider. After all, a good signal has no value if it is executed later because market conditions can change very rapidly and that might invalidate a signal. This is quite important as a Binary Option and CFD usually expires within a very short period. Therefore, traders have to be very fast in buying the right options.

Example of a Binary Options Signal

Asset: EUR/USD = 1.150

The trade: Call Option

Expiry time: End of the day

When: on a daily close above 1.150

Are Binary Options Trading Signals a Scam?

Overall, good signals could, in fact, provide great opportunities for new and advanced traders. The problem is; it can be an opportunity, but it is also a risk. There are indeed good signal providers, but many crooks are offering fake trading signals. I truly hope we’ll see more legitimate signal providers in the near future. If I was a newbie, I wouldn’t pay more than 60 to 80 dollars a month for such signals. Also, I wouldn’t rely solely on these signals. I would first practice strategies, learn my game, use good judgment and turn to forums and professional sources for advice.

Trading Signals Providers

Signals and signal service providers fall into two categories; those that suck and those that don’t suck. And just because the type of SSP you choose may fall into the general category of not sucking doesn’t mean that it doesn’t suck. You have to be careful with signals and understand them for what they are. Some are tips, actionable advice that you can follow through if you so desire. These tips are a great way to find possible trading opportunities that you might otherwise miss. Other types of SSPs are automated services aimed at taking the risk out of trading. They claim that by automatically following their trades you can make profits. These types of signals are not so great. You should never blindly follow any tip, signal or service. If you need someone to trade for you then you don’t need to be trading binary or any kind of option.

There are several Binary options trading signals available in the market. Most perform this service online, therefore, you can access them from the comfort of your home. Some will provide you with trading signals in exchange for a monthly subscription fee for this service. After choosing the most suitable Broker for you, only then you can start looking for your right signals provider.

Monthly subscription fees often range around 30 to 200 dollars (in accordance with the number and the quality of signals given by the suppliers). This is indeed a small price to pay to increase your returns on your investments. However, the trading signals are not completely foolproof; they don’t always guarantee returns. According to an analysis by various experts, it came out that the trading signals could increase your level of returns by up to 60%.

To be on the safe side, check on their past trading signals achievements to determine how accurate the providers are at predicting market trends. Professional Trading signal providers strive to hand out only accurate signals in order to maintain their customer loyalty. Some Binary Options signal providers have become more prominent and reliable than others, yet one must be aware of Binary Options signals scams. will continue to monitor and recommend only the trusted signal providers available.

Many trading signal services are offered on the market. Few of them are given free of charge and the remaining percentage is delivered to traders who have subscribed to their service. Subscribing to their service is the best way to guarantee that you will receive the best trading signals they have to offer. But as I stated numerous times already, some SSPs are bad for your wallet, either because they are straight up scams or because they are not as experienced as they would want you to believe. That’s why next we will give you 5 tips to help you avoid the “bad apples” of the signal service industry.

Best Binary Options Brokers 2020:
  • Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo

    Good Broker For Experienced Traders!

4 Things You Need to Know in Order to Avoid Signal Service Providers Scams

1. Always Know What You Are Getting

There are a lot of different types of signal service providers. Things like newsletters, blogs and forums are great. These are a basic form of SSP, usually free and offer a wealth of knowledge and experience for traders to take advantage of. I read several different newsletters each week as part of my routine. A step up from newsletters is the dedicated signal providers. These guys, some free some not but all with a cost, in the end, provide signals you are intended to follow. Some make it easy with auto-trading, others force you to keep up with them on your own. Still, others install software on your computer that tracks the markets and can even make trading decisions for you. Because there are so many types of signal providers out there, you have to know exactly what yours does: if you sign up for a newsletter, don’t expect it to put trades for you (duh!). If you sign to a manual signal service, make sure you are in front of your computer, ready to put on trades when you receive a signal. If it’s an automatic signal service, make sure you monitor it constantly.

2. Paid Versus Free Services

When a service asks you for money, a credit card number or even just your basic personal information you need to take a step back and decide if it is really worth it. Free Signal services are one thing. You can take it or leave it as you want with no worries (… almost no worries, but more on that later). When you pay for a service there is a higher expectation of profits. If you choose to use a paid service be sure to pick a trusted source. There are a lot of chances to get scammed on the internet, especially with binary options. Getting scammed sucks. You need to know what the motives are that drive the website. And you need to be aware of another thing too: some paid signal services offer you a free trial. Being free, it costs 0.00$ but in order to sign up, you still need to give them your e-wallet account or credit card details. Don’t worry, they won’t charge you anything… but once the trial period is over you will be charged the full fee of the service if you don’t cancel your subscription and remove your CC from their website. This information is usually given to you in very small letters, somewhere at the bottom of the page (they are required by law to provide it but of course they don’t want it to be easily seen). So the advice is: if you subscribe to a free trial for signal service, make sure you cancel the subscription once the trial period is over.

3. Robots are Scary

Auto trading is an attractive feature of some Signal Providers and robots Auto trading is an attractive feature of some Signal Providers and robots are an extension of this. The scary thing is that you have to download software onto your computer. The software will take control of your trading account and enter trades based on signals provided by the parent company. This is completely nuts to me. It’s like downloading a virus onto your computer on purpose! Robots and auto-traders only increase your risk in my opinion. You have all the risk of trading plus you are letting someone else make your trading decisions. The scariest part is that a computer program is in charge and you know what happens when a computer program goes out of control… “Dave, this is HAL…”.

There’s another major issue that we need to talk about: auto-trading robots/apps have been around for quite a while now, they are nothing new, but out that massive horde, is there at least one that performs decently? And by “decently” I mean: does it make at least a small amount of profit every month? Forget about what they promise (thousands and thousands of dollars every day/month), and just point me to a single one that makes a profit every month. I bet you can’t… because there isn’t one. At least not one that I know of.

4. Don’t be Lazy or Stupid

Learn to trade for yourself. Binary options are a speculative instrument, if you want to get involved you need to do it yourself. Take the time to learn about trading, the markets, and the economy and you will also learn something about yourself. Look, if you want signal providers, we’ve given you lots to choose from in our List of Binary Options Signals, but just because we’ve given you a list, it doesn’t mean we say it’s a good thing to trust signal providers completely. Ultimately you are your best signal provider but to become that, you need to learn first. Don’t be lazy and start reading our Binary Options Trading School.

Wrapping It Up

Overall, Binary Options Signal service providers are not all bad. Some are truly in the business of helping traders. Nevertheless, do not put much faith in this kind of trading. It is imperative that you learn to trade for yourself. You have to take responsibility for your own trading or you will never reach the profits that are available.

Search Signals

If you haven’t chosen your Binary Options broker yet, it’s time for you to go back and pick the right broker for you. No use in a signal without a broker, right? If you already did, it means you have already seen a flashy “Make Easy Money” sign somewhere around the web. Look it up right here.

Learn about Various Signal Provider

Do you even know what a binary options signal provider is? If the answer is NO, go back to school and learn more about it. If YES is your answer, get ready for the fun. There’re so many Signal Service Providers out there, read our reviews carefully and check twice on our forum.

How To Know If a Forex Trading Signal Is a Scam

The forex market trades about 1 trillion dollars a day. With this kind of money floating in a market that is not very well regulated, forex scams are all over. Most of the popular scams have ceased to exist thanks to the enforcement of rules by bodies such as the FCA. Today more advanced scams exist in the name of forex signal service. Don’t get me wrong, not every signal service is a scam. There are some good reliable signal services and all you need to do is identify them.

Forex signal providers may be an individual or retail firm that promises to trade your account or give you signals to enable you to make a kill out of the market. Some of them will tout their experience and back it up with a few testimonies.

Signal providers will give you entry and exit signals but remember you have no idea how they came up with the entry and exit points, all you have to do is follow. With all these promises, you will be tempted to subscribe. That is the moment it will dawn on you that whatever you have subscribed to is a pack of lies.

In this article, you will be shown how well to distinguish bad from good forex signals, and at the same time know what to look for when buying signals.

How to know if a forex trading signal is a scam

1. There are no verified trading results on myfxbook, forex peace army or similar websites.

Any credible forex signal service should have been verified in websites such as the Forex Peace Army.

Metatrader backtests, as well as an MT4 statement in Pips, are not enough as they could be easily be manipulated.

Trading performance results from one signal service website. Such results can easily be manipulated.

If for example, you take a look at the above chart, it is one of the performance chart ranking high in Google. There is no criteria or method to verify the above results. The results are not in myfxbook neither in forex peace army nor in any credible website on the internet. The chart has no losing months or weeks which makes it very suspicious. It does not show records for drawdown or open trades. It means with this performance chart you cannot make any meaningful decisions and there you could be easily scammed.

Another example is like the one shown below. The charts do not even indicate the period, whether these are monthly or weekly results. You cannot establish how long these trades took before closing. There is no verification in any of the websites stated earlier. By all means, this is a Forex scam and users should be keen when dealing with such products.

Fake Forex trading signal results

2. There is no information about current open positions

Another thing to check when choosing a forex signal is whether they have kept information public on Myfxbook. If a signal is working well, then why some of its results should be hidden? Why should current open positions be private?

Information such as equity, balance, withdrawals should be public to enhance your decision making. We need to note that not every signal in myfxbook should be trusted. If for example, a signal indicates a profit of 200 pips but the open trades indicates a loss of 2000 in an account of 5000 that is a bad signal. In this case, if you close the current open trades, then you end up losing like half your account. Some signals will only show you the closed profits and hide the gains or losses on open trades for you not to realize it’s a bad signal.

Hidden information on Myfxbook is not a good sign

3. There is no trial period or at least money back guarantee

A good signal should give you an option to test their product. There should be a free trial period or some cheap option to allow a user test and feel comfortable before making the actual purchase. If that is not available, then, at least they should offer a money-back guarantee for a period within 30 days. In this case, you pay, and if you are not satisfied with the product, you get your refund in 30 days. If this option is not availed, chances are high it’s a scam.

4. Trading signal does not match trading history on the website

In some cases, you may come across this signal that has impeccable results, but the same does happen in your account when testing it. This signal is verified on myfxbook, but you notice your results are not similar to what you see on the website. There is a possibility that the website may be displaying results from a different strategy. They are simply using these websites as baits to capture the attention of unsuspecting client/ trader. These could be results from other sites they don’t control but the good result will obviously help market them on myfxbook or even forex peace army. Such acts are very suspicious and traders need to be careful.

5. Anonymous company/trader with anonymous payment methods

You may come across this signal provider located in a country you have not heard of before. Then, he/she requests you to do a wire transfer into their account.

This obviously sounds suspicious.

Firstly, ensure you deal with signal service providers originating from locations you have heard of before.

Secondly, if they are genuine, their payment method should be one of the common online payment methods such as PayPal or credit card payments.

I think everyone should learn at least the basics of how to spot Forex scams.

With all these in mind, the obvious question in one’s mind should be what trading signals are worth following? Listed down here are some of the attributes to look into before following a signal service:

  1. The signal should have verified records of myfxbook, FPA, and other credible verification websites. The rule here is, if the results are not verified, just move on do not waste time or money on unverified results. Considering that in most cases, you will not know on what basis their decisions are made on, this makes the verification part very important.
  1. Focus on signals with over 6 months record of profit and with over 100 trades. If whatever is being shown as results are for less than 100 trades that means the statistics are not sufficient to make any judgment. The result should be sufficient to offer statistical significance to inform your decisions.

Again if the results are for less than 6 months, then the strategy could just be lucky and with time it will be proved wrong.

  1. Make sure the signal operates with drawdown levels you are comfortable with. This will vary from one trader to the other. Some traders have a greater appetite for risk some have low. If for instance, you take a strategy with 30% drawdown, that means 3,000$ could be in drawdown with an account of 10,000$ and you remain comfortable. So work with a drawdown that does not give you sleepless nights. Don’t just focus on how much a strategy earns, take a look at its drawdown too.
  1. Get a signal with reasonable performance or subscription fees. When you are subscribing to a signal service, make sure the fee charged is reasonable so that you are left with some profits. So if you have an account of 200$ and Forex signal service gains 20% in a month then subscribing to this service at 50$/month does not make any economic sense, you end up in losses. Unless you are doing this to test the strategy, this strategy will only make sense if you have a huge account.
  1. As earlier stated any forex signal service should offer you trial period or at least money back guarantee. If they trust their product, then they should allow traders test before buying. If that is not the case, move on and don’t do not waste your money. They don’t trust their strategy, why should you?
  1. Signals should be showing the current open positions. Remember a signal may be showing huge profits yet the current open positions are in huge losses capable of wiping the whole account.

With these in mind, I will demonstrate how signal providers can make thousands of pips in a minute and still verify them. This may sound like a lie, but it still does happen.

A signal provider will open like five positions in all possible directions. Then he will wait for one of the trades to be profitable and then close that profitable trade in different micro lots. Assume that a trade is entered for 1 lot. When it turns into profit, the trader will then close them in 0.01 micro lots creating 100 trades. This is called partial close.

The trader will then update the record in Myfxbook but instead of showing profitability in dollars, he will show the profits in pips. If in the example above, we started closing deals with a profit of 13.22 pips, and then closed the deal in micro lots it means 100 deals were closed.

This means if we update on myfxbook a total of 1321 pips (100*13.22) will be shown.

If that is repeated over a month, a user will be easily tricked by the number of pips earned. On opening the results on Myfxbook, this is what you are likely to see. As you can see, a single trade yielded 100 trades (in partial closes) and profitability and 1322 pips. In a real sense, only one trade of 1 lot was entered and yielded only 13.22 pips.

Not sure how about you but this looks more serious than just a simple repainting indicator scam.

Just like in most trading scams, the scam will not only be in the service itself but in the manner in which it’s marketed too. Most of these scams will promise you a billion dollars, and one has to stop and wonder why aren’t they billionaires?

There is that obvious temptation to follow reviews by users, remember most of these individuals know that an aspiring user of forex signals will heavily rely on what other users say about the product. They will, therefore, hire people to review them well. The rule in this game is, make your own observation, and follow the stated guidelines in this article.

Always remember, if it’s too good to be true, then it probably is. Look for a strategy that is honest, one that at some point has some losses. It is practically not possible to earn continuous profits in the long run without losses. If you look at the results below, in a span of one month, it is said to have won over a million dollars. If you look at the investment and payout, it does not add up and should obviously raise your eyebrows.

On the same note, when the signal provider only uses demo account or very small amounts to demonstrate his strategy, that should raise some questions too. Why are they not willing to use their own money if they trust their strategy. It doesn’t mean that every strategy tested on a demo account is not good, there could be some good ones, what I mean is it easier to trust a signal where the provider invests real money as opposed to those using demo accounts. In a nutshell, users of signals need to go beyond those beautiful ads all over the internet, to try and substantiate the results offered in order to come up with a working forex signal.

When choosing from a number of providers, the focus should not be on who among the providers makes more money. Instead, you should get that provider who gives good results but with a high level of consistency.

Are Binary Options Signals a Scam?

Binary options signals is a service which you can use to increase your profit in binary options trading.

Binary options trading has gained huge esteem since its introduction to the market.

Most investors want to switch to binary options from traditional trading as it offers a large number of benefits like controlled risk, fixed payout, less complexity, and a huge number of assets to choose from. As the market of binary options trading is growing at a very fast pace, services related to it are also increasing.

One of the services which you can avail to increase your profit in binary options trading is binary options signals.

What are binary options signals?

Binary options experts and automated robots that are trained to analyze market conditions do their analyses and create recommendations.

These recommendations, which are formed after complete assessment of the market, are known as binary options signals. With these signals or recommendations, a new trader can also trade like a pro. Traders just have to place their trades according to the signals generated by the service providers.

Most of the signal providers offer forex signals, because the asset will always be in a pair like EUR/USD or GBP/USD and hence it becomes easy to keep track of and analyze future price movement direction.

Example of binary options signals

Asset – GBP/USD = 1.2000
Option – CALL Option
Expiry Time – 1 Hour

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There are few things to take into consideration while using a signal. The most important thing is time. A signal should always be used immediately as it is received. The market changes rapidly and hence a good signal would be of no value if it is not used at right time.

Binary options signals: legit/scam

We have witnessed a huge number of scams in binary options and so it is legitimate to be worried about your investment.

There are a lot of signal service providers in the market today, some of them are legit but there are also some crooks who are always waiting to rob you. Being a new trader, it is hard to distinguish between a legit and a scam SSP (Signal Service Provider). Thankfully, today we can read different blogs about binary options scams and avoid being a scam victim.

It is advised that you never solely rely on a signal, always try to follow a strategy and improve your trading skills. However, traders should ensure that the signals they are choosing are genuine and follow some proven strategies.

Why choose to follow signals?

A good signal provider will charge you $80-$100 a month but the profit that those signals will generate, will be many times more than their fees. Binary options signals can provide great assistance to new and intermediate level traders.

We always recommend not to go for some automated trading platforms, choose those signals which have some proven strategies behind them and help you to nourish your trading skills too. New traders should always be eager to learn, instead of just putting a robot to do all the work for them.


Binary options signals can be a profitable option and could accelerate your earnings, but they should be used wisely. You are also advised to do complete background checks of your SSP before using their services.

Forex Signals Provider: This is What They Hope You Never Find Out

Last Updated on April 3, 2020

Do you want a Forex signal provider that gives accurate calls regularly?

You can rely on their signals and generate consistent profits every month.

And it won’t be long before you can quit your job and have your FREEDOM — no boss, no politics, and no stress.

And best of all…

No money worries because your Forex signal is doing all the “work” for you.

Now, how great would that be?

There’s always a BUT, right?

It’s only a fantasy (I’ll explain why later).

For now, you might be wondering…

“What’s a Forex signals provider and how does it work?”

A Forex signals provider gives buy & sell “calls” so the user can generate profits from the market.

And you’re charged a monthly fee for this service (whether you make money or not).

Still, you might consider it when you see profits like this…

“This makes sense as I’m getting signals from a professional trader. So all I need to do is follow his trades and I’ll be successful like him.”

Let me explain why…

You won’t have the confidence to trade the Forex signals

You’ve no idea how your Forex signals are generated.

It can be a “professional” trader giving out discretionary buy/sell calls, or a “black box” programmed to spit out buy/sell signals.

And this is a problem because…

When the drawdown comes (and it definitely will), you’ll lose the confidence to stick to the trading strategy.

You’ll have thoughts like…

“Did the trading strategy stopped working?”

“Do I still follow the strategy after the last 5 losses?”

Know what I mean?

So here’s my point…

If you don’t know how a trading strategy works, or WHY it works — you’ll never have the confidence to trade it.

You won’t make money even if the Forex signals are “working”, here’s why…

Most Forex signals provider charge about $100/month (or more) for their service.

  1. You have a $3000 Forex trading account
  2. You pay $100/month for Forex signals

This means at the end of the year, you need a return of 40% to break even.

And it gets worse.

Because with a $2000 account, you need a return of 60% to break even.

And with a $1000 account, you need a return of 120% to break even.

You’re better off gambling at the casinos; at least you have free booze.

Free Forex signals is a LIE

You’ve probably come across “traders” giving free Forex signals.

But is it really free?

Nope. It’s a lie and here’s why…

Yes, you don’t have to pay a monthly subscription fee but…

You’ll have to sign up at a brokerage of their choice.

Do you wonder why?

It’s because they’ll earn a “commission” every time you place a trade with them.

  1. The more you trade
  2. The higher your transactions costs
  3. The more they profit from you

Clearly, there’s a conflict of interest here.

So be aware of this marketing gimmick because there’s no such thing as free Forex signals.

The markets are always changing

The markets are always changing. It moves from trend to range, low volatility to high volatility, downtrend to uptrend, etc.

This means your Forex signals might work for now.

Will the signal still work?

Or will it go bust?

You’ll never know.

And that’s why I said…

If you don’t know how or why a trading strategy works, you’ll have no confidence to trade it — especially in ever-changing market conditions.

Right now:

You’ve realized that most signal service is junk.

But, if you still want to subscribe to one, then here’s what you must do…

Put the odds in your favor, here’s how…

I said with a $3000 account, you need 40% a year to break even.

However, if you increase your account size, you reduce the returns needed to be break-even.

  1. You have a $30,000 trading account
  2. You pay $100/month for Forex signals

This means you need a return of 4% per year to break even.

And if you have a $100,000 account, you need only 1% per year to break even.

See the difference?

However, you might not have a large trading capital.

Well, what you can do is opt for a profit-sharing scheme.

Here’s an example:

If you have a 30–70 profit-sharing scheme, you’ll pay 30% of your profits to your signal provider and keep the remaining 70%.

If there’s no profit, you pay nothing.

Do you want to grow your trading account steadily? Then you must have this one thing…

You can find a profitable Forex signal provider.

You can have the appropriate account size.

But without proper risk management, you’ll still lose.

And this is something your Forex signal provider can’t help you with.

Let me share an example…

There are two traders, John and Sally.

John is an aggressive trader, and he risks 25% of his account on each trade.

Sally is a conservative trader, and she risks 1% of her account on each trade.

Both receive profitable Forex signals that win 50% of the time with an average of 1:2 risk to reward.

Over the next 8 trades, the outcomes are Lose Lose Lose Lose Win Win Win Win.

Here’s the outcome for John:

-25% -25% -25% – 25% = BLOW UP

Here’s the outcome for Sally:

-1% -1% -1% -1% +2% +2% +2% +2% = +4%

Do you see my point?

So as a guideline, you don’t want to lose over 1% of your trading capital on each trade.

This means if you have a $10,000 trading account, your maximum loss per trade shouldn’t be more than $100 (1% of 10,000).

Why you must know the trading strategy inside out

Let’s take Trend Following for an example…

How does it work?

  1. You trade breakouts across many markets
  2. Those breakouts that fail, you cut your losses
  3. Those breakouts that trend, you ride your winners

And WHY does it work?

Because of fear and greed in the markets.

In times of greed, traders keep buying and it pushes the price higher.

In times of fear (or Recession), traders keep selling to stop “the pain”.

So, as a Trend Follower, you can take advantage of this phenomenon as you buy high and sell higher (and vice versa).

Does this work all the time?

Which brings me to my next point…

A simple test to tell whether your Forex signal provider is legit (hint: 99% of them will fail this test)

One year of trading results isn’t enough to prove that your trading strategy works.

Because market conditions change.

In 2020, Bitcoin traders were “killing” it as the market was in a strong uptrend.

You could buy and close two eyes and still make money at the end of the month.

But in 2020, things changed drastically.

The price of Bitcoin collapsed 60%, and many traders blew up their account.

Now here’s the thing…

These traders were using the same trading strategy.

In 2020 they made huge profits, but in 2020 they lost everything.

Because market conditions change.

If you want to know whether a trading strategy will work, you must verify the results over the last 5 years and take into account one major recession.

A backtest period of 2007 to 2020 is good because it has 5 years of results that includes the 2008 financial crisis.

So, before you sign up for a Forex signal service, make sure they can pass this test.

Frequently asked questions

#1: Do you consider offering Forex signal service which I can follow?

No, I don’t offer Forex signal service. I’d rather teach you how to fish (and you’ll be able to fish for a lifetime) than to simply give you the fish.

#2: Which Forex broker do you use?

I don’t wish to publicise and disclose which brokers to use over here, but if you want more information, you can just reach out to support(at)tradingwithrayner(dot)com and I’ll be glad to give you some recommendations.

#3: If the Forex signal services are provided by professionals, wouldn’t they adapt to the change in market condition?

Yes, that’s possible. If a signal service is given by a professional trader, then the signal could possibly adapt to changing market conditions. But so far, I haven’t come across any who survives in the long run.


Here’s what you’ve learned today:

  • If you don’t know how a Forex signal is generated, you won’t have the confidence to trade it when the drawdown comes
  • It doesn’t make sense to use a Forex signal service if your account size is small
  • Forex signal usually stops working when market conditions change

And if you want to subscribe to a Forex signal provider:

  1. Have a decent account size
  2. Adopt proper risk management
  3. Understand the trading strategy used
  4. Know how the strategy performs over the last 10 years

Now here’s a question for you…

Do you use a Forex signal service and did it work for you?

Leave a comment below and share your thoughts with me.

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