Best Forex Signals Provider 2024: A Comprehensive Guide

Forex, or foreign exchange market, is the world’s largest financial market offering a plethora of benefits to traders. Major advantages are high liquidity, leverage, volatility, hedging, margin trading, and convenient market hours. However, to execute lucrative trades, one has to invest a lot of time analyzing the Forex market. As the largest forex market in the world, its working hours differ as per the respective time zones. Hence, executing your trade ideas at the right time also matters.

A forex trader must constantly observe the currency market insights for movements of price, and apart from applying a much better trading strategy to start trading, they must always look out for viable market signals. It typically entails two types of analysis technical and fundamental. But it’s impossible to monitor the currency markets constantly, and here’s where forex signals come into the picture.

This guide compares the 11 best forex signals providers in the market based on reviews, ratings, fees, success rates, and more that can help you determine profitable trading opportunities.

Paid & Free Forex Signals Providers in the FX Market

  1. Learn 2 Trade – Real-time Accurate Signals With a 76% Success Rate
  2. 1000pip Builder – 5-Star Rated Trusted Forex Signals Provider
  3. DailyForex.com – Get Forex Signals by Well-known Forex Traders
  4. DDMarkets – Best Forex Signals Provider for Transparency
  5. ForexSignals.com – One Stop Shop for All Forex Signals Ideas and Education
  6. WOLFX Signals – Get the Most Reliable Signals for the Forex and Crypto Markets
  7. eToro – Forex Trading Signals From the Popular Traders
  8. Forex School Online – Ideal Forex Signal Analysis Hub for Novice Traders
  9. Zero to Hero – Premium Signals From Just $95 Per Month
  10. FOREX.com – Get Trade Ideas Driven by Statistics, Not Opinions
  11. MQL5 – Daily Forex Signals by Top Trades and Posts

List of 11 Best Forex Signals Providers 2024 (Free and Paid)

A Forex signal provider can help traders by providing forex signals. While this is true, no two forex signal providers are the same. One should consider certain factors when it comes to choosing one.

There are hundreds of providers and online trading platforms. The key lies in identifying and using forex trading services of the best forex signal providers to ensure you never miss a lucrative trading opportunity.

In this best forex signal provider list, we have compiled the best forex trading signal providers that offer both free and paid forex services.

1. Learn 2 Trade

Based in the UK, Learn 2 Trade is a trading platform predominantly focused on Forex and cryptocurrencies, catering to both novice and experienced traders. The platform provides 24/7 customer support and a user-friendly interface. Unlike other FX signal providers, Learn 2 Trade derives its trading signals exclusively from technical indicators, offering chart analysis and market trends.

Learn 2 Trade

The site delivers signals via the Telegram app and offers both free and paid services, including up to three free Forex signals per week, complete with stop-loss, take-profit, and entry price details. Paid plans start at ₤35 per month, with premium subscriptions available for swing trading and fund trading at ₤50 per month and a one-time fee of ₤450, respectively.

Premium account holders receive 3 to 5 signals per day for various asset classes like Forex, indices, commodities, and cryptocurrencies, with a reported 82% success rate and monthly gains of 30 to 40%. Learn 2 Trade also offers three-month and six-month subscription plans at ₤65 and ₤95, respectively, providing cost savings compared to monthly fees. 

Users can opt for a free service with a one-year subscription by registering with Learn 2 Trade’s recommended brokers and making the necessary deposit. This comprehensive approach and flexible subscription options make Learn 2 Trade as one of the best forex signal providers and also an attractive choice for traders wishing to save on fees while accessing quality signals.

Pros

  • 24/7 customer support
  • Three free forex signals/week
  • Three to five trading signals/day with the premium plan
  • 93% success rate and 82% win rate
  • Real-time trading advantage

Cons

  • Lack of trading training videos

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2. 1000pip Builder

1000pip Builder, popularly referred to as pip Builder, differs from the other signal services: the site has an independently verified history by third party for delivering some of the best trading signals. In fact, even in some of the most complicated market conditions, the site has always met the trader expectations consistently as per their performance statistics. Some of the analysis hubs like MyFXBook, DailyTrading.com, among others, actively track 1000pip Builder’s trading signals.

1000Pip Builder
Its major highlight is the one-on-one trading support provided by its lead trader, Bob James.

Bob James is renowned for identifying profitable real-time trading opportunities by utilizing his expertise in both fundamental and technical analysis; the site also offers an exclusive signal service by their lead trader, providing new and experienced traders to enhance their trading skills.

1000pip Builder focuses on maximizing returns by closely following the movements of price in the major financial markets. It is one of the reasons for the site’s very high level successful trading results.

1000pipBuilder - Maximizing Returns

Pros

  • Successful trade ideas
  • High success rates (even during the most challenging trading conditions)
  • One-on-one mentoring with lead traders

Cons

  • For certain locations, no real-time execution of trades is available

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3. DailyForex.com

DailyForex.com is a popular financial portal and comprehensive, authoritative site for information on trading platforms, and market analysis, among others. With a monthly traffic of over half a million visitors, DailyForex.com has transformed into a go-to site for anything concerning Forex.

DailyForex.com provides free signals for most of the paired currencies and some of the popular cryptocurrencies like bitcoins. As a matter of fact, every paired currency has a web page of its own.

dailyforex
On these web pages, traders can find complete information about trending profitable currencies. These predictions are based on the estimates of certain parameters, including the percentage of high risk evaluation, the optimum trading period for the currencies in question, forex signals, etc.

Every signal offered by the financial portal projects take profit and stop loss, entry, and exit levels, among others. The signals offered are a culmination of investment advice, technical analysis, and chargeable signals provided by the best forex signal providers.

Pros

  • Reliable site for beginners and experienced traders
  • Simple website

Cons

  • No 24/7 customer support

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4. DDMarkets

Since 2014, DDMarkets has provided forex traders worldwide with forex signal service covering popular financial markets. DDMarkets forex signal provider  fundamental and technical strategies are communicated via email, offering medium, long-term, and swing trading options across forex, cryptocurrencies, and CFDs. For beginners, the platform offers comprehensive educational resources on forex trading, strategies, analysis, and other guides.

DDMarkets - One of the Best Forex & Crypto Signals Providers

Traders can choose from various subscription plans, including Global Trade Alerts and IntraDay Strategies, with prices ranging from $49.70 to $392.40. DDMarkets strategies aim to balance risks, providing carefully selected trade updates and alerts utilizing technical tools to filter false entries and signals requiring significant stops. Most trades rely on technical analysis, adapting to market conditions and aiming for a 1:3 risk ratio.

Subscribers must calculate the approximate pips cost based on trade size. DDMarkets allows full trade customization, enabling traders to determine leverage and allocate funds according to their expertise. This level of flexibility and risk management accommodates seasoned, experienced traders, aligning with the platform’s commitment to delivering quality forex trade updates and strategies.

Pros 

  • Provides real technical and fundamental analysis
  • Established brand name with over 8 years of track record
  • User-friendly and easy-to-use interface
  • Provides free forex signals
  • Suitable for professional traders

Cons

  • Lacks a 24×7 live chat support
  • It may be expensive for beginners
  • It lacks free trials

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5. ForexSignals.com

We have listed ForexSignals.com at the top of our list for many reasons. The primary reason is that it gives users access to mentors recognized as veteran traders in the trading pits. New and experienced traders can also interact with these trading mentors via the trading room.

Forex Signals

Apart from providing forex signal service, it also provides live market updates, market analysis, charts, etc. In fact, traders can also have one-on-one private sessions with qualified mentors to further hone their trading skills. The site provides a trading performance report and signals in English and German only.

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User Reviews

This platform offers novice traders top-tier educational training videos and workshops while providing forex trading signals for optimal buying/selling times and currency pair selection. The signals include entry limit orders, exit limit orders, and stop-loss guidance, presented in a user-friendly manner.

Utilizing advanced algorithms, the platform offers forex signal service that determines trade entry and exit points, entry prices, and stop-loss limits. It features various signals such as Yen Men, Queenspan, BlocShock, and more, supporting numerous currency pairs like EUR/USD, USD/JPY, GBP/USD, and others.

Traders should carefully select a signal provider based on their preferred currency pairs, as not all providers cover every currency. Signals are updated at least twice daily during London/Tokyo and New York trading hours.

With a competitive subscription fee of $97 per month, users can also opt for a 7-day trial at a reduced rate of $47.25/mo when billed annually. Registration is straightforward, with various payment methods available, including PayPal and credit/debit cards. Additionally, by subscribing to endorsed brokers like GCI Financial and FOREX.ch, users can access free forex signals.

Pros

  • Economically viable monthly subscription
  • Start trading by accessing the trading room
  • Easy to use and User-friendly interface. Also, it gets 5-star reviews on various review platforms
  • Provides information on most of the currency pairs
  • signal provider offers a 7-day trial period for only $47.25/mo
  • Free signals for select subscriptions & a great way to start trading

Cons

  • The fees could be lower

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6. WOLFX Signals

Founded in 2021 and based in Spain, WOLFX Signals is a company launched by a team of qualified crypto experts specializing in providing crypto investors and forex traders with the most effective trading signals. Using these signals, these investors can readily make clued-up decisions regarding when to invest and how they can improve the odds of their profitability.

WOLFX Signals
The guidance and assistance provided by the team members of WOLFX Signals have been extensively appreciated by thousands of its clients worldwide. They can win the trust and confidence of their increasing customers because they have a decade of experience in the crypto and forex markets. Despite unmatched standing and prominence in the market, WOLFX Signals does not rest on its laurels. It continues to offer better quality professional services using its comprehensive, rich expertise and experience in the two domains that can contribute to making you a clued-up investor.

By choosing WOLFX Signals, traders can get forex and crypto intraday signals, risk management strategies about them, and even more on the whole!

Pros

  • Offers wide-ranging trading signals for crypto trading, forex trading, Telegram live trading, etc.
  • Hassle-free and easy-to-use interface
  • Flexible and affordable subscription plans conforming well to different budgets
  • 24/7 customer support assigning a top priority to premium and VIP users
  • Educational tools and other resources to nurture the trading skills of new traders

Cons

  • Free plan has a few limited features
  • No mobile app is available yet

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7. eToro 

eToro, one of the most prominent UK forex brokers and forex signals provider, differentiates itself through its unique emphasis on copy trading and social trading. Unlike traditional signal services, eToro’s profit potential is tied to a trader’s live strategy, centered on copy trading or social trading.

etoro homepage

Copy trading allows users to replicate the proven strategies of successful traders, minimizing risk. eToro offers three copy trading programs – CopyTrader, CopyPortfolios, and Popular Investor, enabling traders to follow and emulate the strategies of established investors. 

Ultimately, trading outcomes on eToro broker depend on the success of the selected professional or popular investor’s strategy. Traders have the option to buy/sell signals or automatically copy the strategies of successful traders.

This distinctive focus on strategy replication sets eToro apart as a signal provider, highlighting the effectiveness of leveraging established traders’ expertise for profitable trading.

Pros

  • Enables copy trading
  • Supports automated mirror trading

Cons

  • Account verification process could be quicker
  • Very high withdrawal fees

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8. Forex School Online 

Forex School Online is tailored for novice and trainee forex traders, offering an array of educational resources, trading tools, and price action guides. The platform provides daily and weekly forex charts based on technical analysis techniques, aiding traders in comprehending currency movements. Despite the initially overwhelming technical lists, the site offers 24/7 customer support to help users navigate its offerings.

forex school online

The platform’s daily forex signals are derived solely from price action, and the trading guides and tutorials enable traders to effectively interpret entry prices, take profit margins, and stop-loss parameters. Forex School Online claims an 81% success rate, with average monthly gains of 38%. Members of the Telegram group can access the Price Action Guide at no cost. Additionally, traders can avail of free lifetime access to forex trading signals and the VIP group by registering and depositing with recommended forex brokers.

We recommend joining the site’s Telegram group to access the Price Action Guide and utilize the comprehensive trading resources available. With the wealth of resources, including educational materials, trading tools, and daily forex signals, Forex School Online serves as an excellent platform for forex education and analysis, particularly for new traders and those in training.

Pros

  • Offers complete training in forex trading
  • Free trading tools and calculators
  • Free trading signals for VIP members

Cons

  • Learning how to read forex chart patterns can be a steep learning curve

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9. Zero to Hero 

UK-based Zero to Hero is a forex trading signal provider specializing in paired currencies and crosses, including EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, USD/JPY, EUR/JPY, and more. Their paid services include a standard $95 monthly fee or a 7-day free trial followed by a monthly subscription. Despite not offering trading education, Zero to Hero provides at least ten forex signals from major markets daily. Their trading results are independently verified, making them suitable for professional and experienced traders, with benefits for new traders. Account holders receive real-time signals via email and SMS, facilitating profitable trading opportunities.

Zero to Hero

How do the signals work?

Zero to Hero sets itself apart by basing its signals on the interaction of short-term momentum with support levels and longer-term trading support and resistance levels, creating a successful trading strategy. Traders can utilize predefined stop-loss and take profit levels, automating trade execution when signals align. The platform offers high levels of mentoring and support. Signals are delivered during London, NY, and Asian business hours, providing global usability. This distinguishes Zero to Hero from other providers and enhances its appeal to traders worldwide.

Pros

  • Suitable trading signals to trade anywhere in the world
  • 7-day free trial period
  • Up to 10 signals/day

Cons

  • Unverified historical trading performance

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10. FOREX.com

FOREX.com is yet another service that is US-based. The site features some of the most advanced trading tools apart from signals with a high rate.

forex.com homepage
The trading signals delivered by FOREX.com offer entry, exit points along with Pivot Points. One of the advanced trading tools, Autochartist, constantly scans the financial markets to ensure all opportunities are conveyed to the trader. In fact, once the trader sets a predefined criterion, signals are triggered automatically.

A free Recognia technical analysis portal is yet another salient feature of FOREX.com platform. This feature enables the trader to plan their trades as per their trading strategy. The site also showcases short-term opportunities instead of the long term derived from trend lines, support and resistance levels, various indicators, and pivot points. FOREX.com, one of the best forex brokers Australia, also provides detailed charts for fundamentals that are usually preferred by experienced traders.

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11. MQL5

MQL5 is ideal for traders using the MetaTrader4 and MetaTrader5 platforms. MQL5 features independent signal pages updated by much better signal providers. The site enables account holders to automatically copy the trading strategies of the providers.

MQL5
The unique feature of the MQL5 signals tab is that anyone can post trading signals making it an unfiltered signals provider. Nevertheless, every trader’s ROI, along with the number of trades executed in the given time, is highlighted to overcome this problem.

All the trading results showcased on the MQL5 platform are verified, allowing the account holders to copy the strategy of any trader with the maximum ROI.

Most of the signals tab are provided for free. But for particular signals from select individuals, the account holders must pay a standard fee ranging from $29 to $50. Based on their reputation, some traders may also charge a fee of $500 for delivering the signals.

Pros

  • Ideal for MetaTrader 4 and MetaTrader 5 platforms
  • For copy trading, every account holder’s ROI is displayed

Cons

  • Anyone can post the signals; no strict criteria for screening of signals

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Forex Signals Providers Comparison

Forex Signal Providers Fees Trading Signals Real-time alerts
Learn 2 Trade £35/Month 2-3 Trading Signals Sent Daily VIP Telegram Group
1000pip Builder $97/Month Not disclosed email, Telegram and SMS*
ForexSignals.com $92.75/Month Weekly Forex Signals Approx 5-25 Inside of the Trading Room
DailyForex.com Freemium Daily Forex Signals (Top Trades and Posts) Web and mobile app
DDMarkets $77.40/30 days for Global Trade Alerts Not disclosed Email
WOLFX Signals $139/month 1 to 4 analysis per day Telegram Group
eToro Free Daily Tips (Top Trades and Posts) Copying live trading strategy
Forex School Online Freemium Not disclosed Telegram Group
Zero to Hero $95/Month Daily Tips Approx 4-10 Telegram, email and SMS*
FOREX.com Free Not disclosed Inside of the Trading Room
MQL5 $29-$50/month Daily Forex Signals (Top Trades and Posts) MQL5 signals tab

What are Forex Signals?

Forex signals are mathematical calculations based on historical price action and volume used to predict future price movements. In short, they provide trade entry and exit signals. These signals predict a probable time and price level based on Artificial Intelligence & other algorithms, indicating when a human trader may enter or exit a trade to profit from the forecasted price movement.

Forex signals offer a thorough analysis of the forex market. Typically, they are provided by brokers, market analysts, professional traders, etc., via email alerts, SMS, desktop notifications, etc. New traders and professional traders who do not have the time to analyze the forex markets also utilize FX signals.

Professional and foreign exchange traders who have years of trading experience can take advantage of market indicators and price movements as they have both fundamental and technical analysis forex trading experience. The latter involves analyzing the price movement of currencies via charts; the former involves following news announcements and current events about the FX markets around the world.

How to Choose the Best Forex Signals Provider?

When choosing a forex signals provider, it is essential to evaluate several key factors to ensure you select the most suitable forex signals services for your trading requirements.

First and foremost, examining the track record and performance history of forex signal providers is crucial. Look for providers with a demonstrated history of delivering accurate and timely signals, ideally verified by transparent third-party sources.

Next, it is important to consider the trading strategy employed by the signal provider. Some providers may specialize in short-term trades, while others may prefer a long-term approach. Aligning the provider’s strategy with your own trading objectives and risk tolerance is essential for success. Moreover, evaluating the level of customer support provided is vital, particularly during periods of market volatility.

Transparency plays a significant role in assessing the best forex signals. The best providers are transparent about their trading methodology, risk management practices, and past performance. Seek out providers that offer thorough analysis and justification behind their signals, enabling you to gain insights and make informed trading decisions.

Lastly, it is important to evaluate the cost of the service relative to the value it offers. While price should not be the sole determining factor, it is essential to assess whether the subscription fees are justified by the quality of signals and additional educational resources provided.

How do Forex Trading Signals Provider Work?

Determining when to enter and exit positions a trade is crucial for lucrative forex trading. fundamental and Technical analysis of the markets suggests the probable entry and exit points where indicators act as a trading signal. Such analysis requires a lot of dedication and time, along with the knack to determine the right time zone to execute a trade. A Forex signal provider solves this dilemma by offering the forex trading signals; they also guide you on when to open or close a trade on different signal status: Active, Get Ready & Closed.

There are different types of forex signals providers; they can be free service or paid so the first step for traders is to choose a platform. Some signals providers charge additional fees to provide signals for any rare currencies pair. Most often, some of the best forex signal providers also share the charts they analyze to provide the trading signal.

Forex Signals Providers Vs. Expert Advisors

A Forex trading signal provider differs from expert advisors; they not only provide the trade’s entry and exit points but also suggest which paired currencies to trade for more profits. Expert Advisors (EA) are trading robots or, simply put, an algorithm or set of rules that automated trading when certain forex trading criteria are satisfied. An EA can be created using predetermined indicators like entry, price, stop losses, etc., that act as signals to automatically execute a trade.

Conclusion

In Summary, choosing the right FX signals provider or forex signal service provider is crucial for successful trading. With numerous options available, it can be overwhelming to select the most suitable one, especially considering that many lack independently verified records. To make an informed choice, it Is essential to prioritize your requirements. Factors such as track record, cost, and frequency of signals should be carefully evaluated. This comprehensive guide highlights some of the top forex signal service providers, catering to a diverse range of investors and traders. Identifying the best provider is paramount for accessing profitable trading opportunities, as they offer timely insights on when to buy or sell, ultimately leading to favorable trading outcomes. By aligning your preferences with the features provided by these providers, you can streamline your decision-making process and enhance your trading experience.

FAQs 

Are Forex Signals Legit?

Yes. Forex signals are legit and are derived from a culmination of trader psychology, technical and fundamental analysis, market research, forex charts, to name a few. While this may be, one must also consider the forex signal provider. Always make sure that you are familiar with the means of deriving the forex trading signals. Also, look into forex trading forums and communities associated with forex trading signal providers to verify their authenticity.

Are Forex Signals Reliable?

They are reliable resources, especially when the trader does not find the time to analyze the forex market and the price movements of the paired currencies. However, one must consider the reliability and credentials of the signal providing websites before relying on the forex trading signals offered by the said signal provider. We have listed some of the popular forex trading signal providers to help you find the best forex signal provider matching your trading needs.

Who is the Best Forex Signal Provider?

As every forex trader is different, the features and how the trading signals were obtained also matters based on your risk profile. While some traders prefer free signals, some are confident using the paid forex signal provider. A lot depends on how the signals were derived. For instance, if they were derived via fundamental & technical analysis or solely fundamental and vice versa. Also, the type of indicators used matters, for example, if the signals provide only stop loss and take profit parameters or also suggest the entry price, the paired currencies to trade, etc. Thus, based on one’s preferences & due diligence, the trader can choose from the above list of best forex signals providers.

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