There is a lot of opportunity to earn in the forex markets, though it also comes with plenty of risk and roadblocks as well. Part of staying well-informed with your forex trading strategy is having a reliable signal provider that offers you real-time market insights and recommendations to time your trades properly and help you earn a profit.
Throughout this guide we will cover the best forex signals providers out there. However, we would like to note that there are many signal provider scams out there, so don’t trust just anyone who offers to put you in a group and provide you with trading information. Do your own research, and request financial licenses and other documentation as necessary to verify their credibility before providing them with any personal or financial information.
Read More: Best Forex Trading Platforms 2023
10 Best Forex Signals Providers 2023
What are Forex Signals?
Forex signals are a recommendation or suggestions for a trade on a currency pair. In most cases, this will include the price and time that you should make the trade for your trading strategies to be successful. Signal providers can either be individual analysts or automated signal providers powered by a forex bot.
What are Forex Signal Providers?
A signal provider will help you recognize trading opportunities with the specific price and timing of the opportunity. In a sense, the best forex signal providers do the time-consuming research and analysis for you so you don’t have to. Because of this, it’s important to work with a forex signal service that is trustworthy and vetted so you know you’re getting quality information and fx signals to trade forex with.
Using a forex signal service can be very helpful when trading forex, though it’s in no way a guaranteed way to profit from forex trading.
- Signal service offered through copy trading feature
- Trusted brokerage platform
- Easy to implement forex signals
Learn 2 Trade
- Supports currencies, crypto, and commodities
- Serves a global client base
- Comprehensive provider including news, recommendations, technical indicators, signals, etc.
- Professional trading advice from an expert founder
- MyFXBook shows historical data and successes
- Long-standing reputation
- Access to a community of traders
- Helpful trading signals
- Video tutorials and live streams for additional support
- Run by traders across the world
- Supports any brokerage
- Free membership option
- 1-2 signals offered each day for free
- Straightforward signals
- Both paid and free options
Zero to Hero Signals
- Signals provided by a group of expert traders
- Free trial available
- Different subscription options are available
- Free trading signals
- Long-standing reputation
- Educational materials
- Both paid signals and free
- Clear signals
- Forex trading signal provider
Forex Signal Factory
- Forex signals services offered via social media pages
- Free service
- Signals service from professional traders
Top 10 Best Forex Trading Signals Providers March 2023
Even though eToro is mostly known for its brokerage services, they are also the best forex signal provider to us. This is because of how they send the forex signals to users directly through their platform with their copy trading feature, rather than sending the forex signals to the users to enter on their own manually.
All in all, this saves users a lot of time and potential errors since they can simply follow the professional traders they’d like to, and allow for automated trading following their activity.
Learn 2 Trade
Learn 2 Trade offers forex trading signals for users in addition to a number of other helpful information like real-time market news, market analysis, trade recommendations, and more. They have two main forex signals offerings, a free service, and a premium paid service.
It’s easy to get started with this forex signal provider, as they have an automated program that runs on most currency pairs and notifies you via a Telegram group.
1000pip Builder is a well-trusted forex signals provider with a good track record, based in London and run by the expert trader Bob James. This is the best forex signal provider to many, covering commodities, indices, and the global markets. They are known for their price action signals, and subscribers can receive trading signals via email, Telegram, or SMS.
ForexSignals.com is one of the most widely popular forex signals providers out there, helping traders with their trading strategy through the signals they provide on the financial markets, and the community of traders they’ve cultivated, in addition, to live streams and video tutorials that offer further support.
Pips Alert is another option that forex traders have. Their alerts all include an entry price, take profit and potential exit prices that traders should monitor for. Their free membership option makes their service approachable for all, and even their paid subscription is on the more affordable end compared to other paid services.
Many users point out that even though Wolfx Signals has only been around since 2017, compared to the decades that others have been around, they offer clear and straightforward signals that traders can take advantage of in their trading accounts. In addition to their free channel, they also have two other paid channels to receive even more signals.
Zero to Hero Signals
When you want to find the best forex signals service, you may come across Zero to Hero Signals. Many users have been impressed by the manual forex signals they offer, which traders can then implement in their own trading accounts.
Though they do charge a monthly fee for their service, it appears as if you can request a 7-day free trial to test it out first.
DailyForex.com has been around since 2008, during the last global financial crisis, and has grown largely over the past decade and a half. This free forex signals service gives users the insights they need to help plan and develop their trade ideas with the help of a reliable provider.
FXPremiere.com offers forex signals both for free and behind a paywall for subscribers. They have a very popular Telegram channel where they provide free signals, though the FxPremiere VIP channels are where the experts really weigh in and can help your trading strategies.
Forex Signal Factory
This service has been around since 2009 and is one of the best forex signal providers that’s free. Other forex signal providers send their signals via Telegram groups or their sites alone, but this provider has a unique method over social media platforms.
On Forex Signal Factory’s social pages, professionals can offer a trading signal without being associated with a particular brokerage. Trading signals are provided hourly and can cover securities like stocks, commodities, crypto, indices, forex, or a currency pair.
How to Choose The Best Provider?
If you’re looking for signal providers in the forex market to help you with your trading, you can consider some of the following factors to ensure you’re working with a reputable provider.
First, take a look at their reputation and see what their past and existing customers have to say about them. This can involve taking a look at their reviews, websites, social media pages, and more to get a good feel for their reliability and reputation in the marketplace. Preferably, you will work with an established forex signals provider.
Number of Signals
You may also consider how many signals they offer. Trading signal providers should offer a good number of signals to help you find opportunities in the market, and depending on your trading style, you may prefer your provider to offer a good amount of signals.
You should also see if the provider offers their success or win rate. This will show you how accurate their signals have been in the past. If they do not offer this, you may be wary of the claims they make. In either case, remember that past success does not indicate future wins.
Some signals providers offer a free service, while others only offer their signals on forex pairs behind a subscription. So, keep this in mind so you can find the service provider that fits your budget.
Some providers may offer a money-back guarantee if you are not satisfied with the signals they are providing. This isn’t necessarily something a provider needs to offer, though it can be an added benefit and a showcase of their confidence.
You may want to look for a provider that has some sort of support or customer service team that you can contact regarding payment issues, questions, or other concerns related to their service.
A signal provider can provide you with helpful information you can use to make profitable trades in the forex market. While no provider can promise you a certain level of profitability, or claim to eliminate all risk, taking the time to do your research and vet your signals provider can save you a lot of research time and set you off in the right direction.
Frequently Asked Questions (FAQs)
Yes, you may notice that a trading platform also provides signals in addition to its other services.
This will depend on the individual provider themselves. Some may offer signals on major financial markets, crypto, forex, and more, while others will be more specialized.
There is no yes or no answer to this. It all comes down to what your goals are, the provider you’re using, and how you use the signals, among other factors. You can be a successful trader with a successful trading strategy without the right forex signal provider, though it can help other traders.