Top 10 Forex Signals Providers for December 2024

If you’re looking to actively trade forex online but in a passive manner – forex signals could be the solution. Forex signals provide regular trade suggestions, based on advanced research and analysis. The algorithms analyze the market on your behalf and alert you of potential trading opportunities throughout the day. These systems are often used by traders to minimize the time needed for analysis and to take advantaged of the accurate predictions that AI and ML can provide.

In 2024, there are a number of appealing forex signals providers to choose from. Each platform is best suited to different traders so it is important to conduct research before making any decisions.

In this guide, we review the Best Forex Signals for 2024 and walk you through the process of getting started today!

What are Forex Signals?

Forex signals are trading suggestions based on algorithms that can be used to guide trading decisions. The signal provider that you sign up with will usually have a team of in-house traders and sophisticated systems that perform research and analysis throughout the trading day.

When the team finds a trading opportunity – they will then send a signal that contains all of the required information that you need to act on it. Back in the day, this would have been via SMS. But, these days, the best forex trading signals are sent via Telegram.

Once you receive a signal like the above from your chosen provider, you will then need to head over to your forex trading platform and place the suggested orders.

As you can see from the above, you are told what pair to trade (EUR/USD) and what direction the signal service thinks the forex markets will go (long). In terms of risk management, you are also told what price to enter the market at (1.1808), and what stop-loss (1.1890) and take-profit (1.1702) orders to place.

It is still a good idea to conduct some research of your own to justify each signal that comes through. However, using a signals provider is one way to minimize the amount of analysis required to find potential opportunities.

How do Forex Trading Signals Work?

The general process when using forex signals services works like the following:

1. You join a forex trading signal service
2. You receive a signal via Telegram – which tells you what entry, exit, and stop-loss orders to place
3. You head over to your chosen forex broker and place the respective orders
4. Your trade will close when the stop-loss or take-profit order price is triggered

Depending on the provider, the above process will be repeated 1-5 times per day. Over the course of the month, it is therefore important that the signals generate more winning trades than losing ones.

In some cases, it is possible to automate your trading using a signals provider. This removes the need to manually open and close trades yourself. Instead, a bot will automatically place trades when a signal is received.

The Best Forex Trading Signals Providers Ranked and Reviewed

With hundreds of forex signals services online – knowing which service to sign up with can be really challenging. In fact, you will find that the vast majority of forex signal providers make really bold claims that in reality – are impossible to validate with any certainty.

This is why it’s really important to perform lots of research in your search for the best forex signal platforms to ensure you are joining a legitimate provider.

To help point you in the right direction, below we discuss some of the most popular forex trading signals for 2024.

1. Learn2Trade – Overall best platform for forex trading signals

After reviewing the credentials of dozens of providers, we found that Learn2Trade offers the best forex signals in the market. The signal platform has been offering its service for many years – and reviews in the public domain are largely very positive. In terms of how the platform works, Learn2Trade specializes in forex and cryptocurrency trading signals.

It also offers a side package that includes stock trading signals. All signals are posted to the Learn2Trade Telegram group – which at the time of writing has more than 17,000 members.

Upon receiving a signal, you will be told what forex pair to trade and whether you should place a buy or sell order. You will also be told what entry price action to execute the trade at, alongside the suggested stop-loss and take-profit order.

All in all, Learn2Trade forex signals provide you with all the required information to trade in a risk-averse manner – without needing to perform any research yourself.

There are two forex signal plans offered by this top-rated provider. First, you might consider the free plan – which includes three forex trading signals per week. Or, if you want to get the full trading experience, the premium plans get you 3-5 signals per day.

This will cost you just £35 per month and even less when signing up for a 3-month, 6-month, or lifetime membership. Crucially, Learn2Trade is one of the few forex signal providers that offer that all-important moneyback guarantee. That is to say, if you sign up for the premium plan and decide that it isn’t right for you  – Learn2Trade will refund your purchase. This does, however, need to be requested within 30-days of signing up.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

2. 1000pip Builder – Popular signals provider with fully-verified historical results

1000pip Builder is the best Forex trading signals provider to provide fully verified historical results. We have seen many Forex signals providers claiming high win rates or pip targets but without verification these claims are meaningless. 1000pip Builder is one of the very few signals providers that has had their signals independently verified by MyFXBook. This means you can be confident in the quality of Forex signals that you will receive.

We have seen that the historical performance of the signals has been excellent and the service been able to deliver consistently strong results year after year. It is no surprise that the service is one of the highest rated Forex signals services available. This service has almost 100% 5 star ratings on Trustpilot and is widely recommended by experts across the web.

From looking at the reviews, we noted that many members of 1000pip Builder have been particularly impressed by the one-to-one support that they have received from the lead FX trader, Bob James. Many members have left glowing reviews, praising the help and attention that they have received from Bob. This kind mentoring is extremely rare from a Forex signals provider and would be hugely beneficial to anyone who wants to improve their Forex trading.

Bob is known for being an expert FX trader with over 10 years of investment experience and the signals provided by 1000pip Builder are based on the trades taken by Bob on his personal trading account. We believe that being able to follow the trade of such an experienced trader is a fantastic opportunity that should not be missed.

1000pip Builder really is an excellent service, offering fully verified high performance FX signals, one-to-one support and has been rated outstanding by members. If you want to join a signal service that could dramatically improve your trading we believe that 1000pip Builder is the best place to start.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

3. PriceAction FX- Best platform for daily expert signals

Among the many forex signal service providers in the market, PriceAction Forex Ltd. has definitely positioned itself at the top. PriceAction Ltd. provides robust trading solutions for forex traders. Since its launch, the company has been serving hundreds of thousands of global traders. PriceAction Forex Ltd. has the biggest trading community on the Telegram platform, which it uses to communicate and provide its signal service.

Operating from the UK, PriceAction Ltd. was founded by a group of professional and veteran traders in the year 2017. On its Telegram platform, it serves 260K+ global clients with the most accurate and precise trading signals.

Every day, approximately 5 to 7 signals are sent. The sent signals consist of the entry position, take-profit, and stop-loss. Traders just need to copy the position and paste it on their MT4 or MT5 platform. PriceAction Forex Ltd.’s signals are so accurate that in the year 2024, it has kept its signal accuracy level above 92%, a 19.079+ pips gain already.

According to the team behind PriceAction Ltd., they are constantly monitoring and analysing the market and, based on that, have constructed their own personalised trading strategies which are suitable for scalpers, day traders, and swing traders. Based on the smart money concept and technical analysis, PriceAction Forex Ltd.’s traders are regularly in profit. If new traders want to verify the signals’ accuracy, PriceAction Ltd. has a free Telegram channel for them as well. At least 2 signals are sent every day on that channel.

The company also offers signal services for indices, commodities, and others. PriceAction Forex Ltd.’s subscription fees for forex signal services start from $119/month to $499/lifetime. It has its own customised Algo and Copier bots that can assess and execute according to the most volatile hours of the market. Along with these, professionals behind the company come to light every week for the signals projection, trade analysis, and share educational content.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

4. Mega FX- A complete solution for forex trading

MegaFX Signals is one of the most popular forex signal providers in the market due to its high accuracy and transparent team behind the firm. This highly reputed signals provider is committed to serve traders of forex, indices, commodities and others simultaneously. MegaFX Signals has 100K+ clients around the world.

After trying out the forex signals from the MegaFX Signals VIP Telegram channel, we are pleased with its services. Keeping its promises of high accuracy, we have profited within this short period of experience. MegaFX Signals provides 5 to 6 forex signals every day on their Telegram VIP Channel. For the fastest and smoothest trading experience, the company sends signals with the entry position, take profit, and stop loss.

One of the notable things we noticed about MegaFX Signals is that it constantly tries to educate traders, training them in risk management. Which is why we think MegaFX Signals is best suited for all kinds of forex traders, especially beginners. The subscription fees start at $54 a month to $349 for a lifetime service.

Moreover, unlike many signal providers in the market, MegaFX Signals has a Telegram channel if anyone wants to verify its signals’ accuracy. Along with its signals service, MegaFX Signals also has a top-rank Expert Advisor(MegaTrader EA) and Copier. Every week, professional traders behind the firmprovide real-time trade projections and weekly trade analysis for their premiumtraders.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

5. Daily Forex Signals – Receive up to 5 forex signals each day

Launched in 2014, Daily Forex Signals specializes in forex. Like the other best forex signals providers discussed thus far, all suggestions are sent via Telegram. In total, Daily Forex Signals claims that it is home to more than 3,000 members and has so far generated gains of over 27,000 pips.

Daily Forex Signals offers four different packages to choose from – all of which come with 3-5 trading suggestions per day. The cheapest package costs £29.99 per month, while a 3-month package costs £74.99. Other packages include a 6-month and annual plan – which gets the fee down even further.

The provider notes that all forex signals are generated via technical market analysis – which is performed in-house. Commonly used indicators include the Resistance Levels, Moving Averages, Parabolic SAR, and Elliot Wave. Daily Forex Signals notes that it has a success rate of between 64.5% and 75%.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

6. Forex Signal Factory – Telegram free forex trading signals with 83k members

Forex Signals Factory is an established signal provider that has a huge Telegram channel with over 83,000 members. This makes the provider one of the largest signal service groups globally.

The provider explains that it has no conflict of interest because it is not partnered with any third-party broker. Most forex signals are sent with two take-profit prices. This allows you to trade a risk/reward level you feel comfortable with.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

7. Algo Signals – The best free automated signals provider

Algo Signals offers free forex signals in the form of an automated robot. Unlike most robot providers, you won’t have access to the respective software file. Instead, the robot will trade on your behalf behind the scenes.

Algo Signals doesn’t charge anything to join the platform but you will need to register with one of its partnered brokers. The minimum deposit to activate the robot is $250. Once you have funded your brokerage account, you can first test the robot out in demo mode

On top of forex, Algo Signals will also trade cryptocurrencies like Bitcoin and Ethereum. The platform allows you to set up risk-management trading strategies to ensure you do not blow through your account. For example, you can install a maximum stop-loss value – which the robot will need to follow.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

8. FXPremiere – Access to over 50+ forex trading signal providers

FXPremiere does things differently from other forex signal platforms. In fact, it does not offer a proprietary signal service at all. Instead, by joining FXPremiere – you will have access to 50 different signal providers through a single account.

As you can imagine, this means that you will be receiving the best forex signals around the clock. You can, of course, filter your signals by the respective service – should you have a number of providers that you prefer.

When it comes to fees. the basic plan will set you back just $37 per month. All signals come with the suggested entry, exit, and stop-loss prices. If you want to reduce your monthly fee further – you can get 4 months for $97 or 1 year at $199.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

9. ForexSignals.com – A reputable signals provider with a long history of returns

ForexSignals.com has a great reputation in this industry. It offers a cutting-edge platform that is really easy on the eye – and we like the fact that the provider explains the importance of learning technical analysis yourself.

That is to say, ForexSignals.com encourages all clients to combine its trading suggestions with ongoing education. This is something provided by ForexSignals.com itself through video guides and mini-courses.

In total, more than 83,000 people are using the provider. You will pay $97 per month to gain access to its forex signal room – and you have the choice to follow individual traders. Most importantly, the platform offers a 7-day free trial – which illustrates that ForexSignals.com is confident in what it offers.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

10. MQL5 – Best forex signals provider for MT5

MQL5 is a premium service offered by popular third-party trading platform MetaTrader 5 (MT5). This operates more like a Copy Trading service, insofar that you will need to select an MT5 trader that you like the look of.

You can do this by browsing through the trader’s profile – looking at key metrics like their historical performance, preferred forex pairs, and maximum drawdown. Once you find a professional trader that you wish to copy, all ongoing positions will be mirrored in your own account. MT5 charges a fee for its signals service – which averages $30 per month.

Take note, you will still need to have an account with an MT5 broker if you wish to use this service. After all, MQL5/MT5 are third-party platforms that sit between you and your chosen broker. In your in search for a top-rated MT5 broker, you might want to consider Libertex.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

11. FXLeaders – Best free forex trade signals delivered by experts

Although FXLeaders offers a premium service, it also provides lots of free forex signals throughout the trading week. There is no requirement to download a forex signals app as all suggestions are available through the provider’s website.

The team behind FXLeaders relies solely on technical indicators. In particular, the platform likes to focus on Fibonacci Levels, Breakouts, and Bollinger Bands.

In total, the platform sends out between 90-100 free forex signals per month. Perhaps the main drawback with FXLeaders is that it doesn’t offer the suggested entry price. Instead, you’ll need to sign up for the premium service for this.

There is no guarantee that you will make money with this provider. Proceed at your own risk..

Forex Signals Fees Comparison

Below you will find a comparison table that outlines the fees applicable at each forex signal provider and the type of service offered.

How to Choose the Best Forex Signals

You certainly aren’t spoilt for choice when it comes to choosing a forex signal provider. After all, there are hundreds of such providers active in this space – most of which promise huge monthly returns.

To ensure you find the right forex signal provider for your needs, below we explain the most important metrics to look out for.

✔️ Past Performance

It goes without saying that you need to have a firm idea of how the forex signal provider has performed since it was launched. This is somewhat challenging, as it is often difficult – if not impossible to know whether the provider’s claims are valid.

For example, just because a signal service claims that it generates gains of over 1,000 pips per month, doesn’t mean that this is true. This is why it’s crucial that the provider offers a free trial or moneyback guarantee of some sort – which we elaborate on in more detail below.

✔️ Free Trial / Moneyback Guarantee

Those behind the best forex signals will always offer a free trial or moneyback guarantee to new members of its service. This shows that the provider is confident in what it offers. For example, Learn2Trade offers a 30-day moneyback guarantee which allows users to get their deposit back if they do not make the expected profits.

This is fundamental, as it gives you enough time to test the forex signals out via a free forex demo account. All you need to do is register with a broker offering a free demo platform and place all of the orders that the signals suggest.

✔️ Pricing Structure

We find that those offering the best forex signals will charge a monthly subscription – as opposed to a one-time fee. The reason for this is that it ensures the signal provider is motivated to keep its client base. This is a sign that the platform will continue to provide profitable signals.

But, by putting in the legwork and ensuring the forex signals constantly outperform the market, platform’s will be able to encourage members to renew their subscriptions each month.

At the other end of the spectrum, you have providers that charge a one-off fee to buy the signals – which usually comes via a downloadable software file that you install into MT4. Naturally, the provider has already maximized the amount of money they can get from you – so has no interest in ensuring the robot is able to continuously stay ahead of the curve!

How to Get Started with the Best Forex Robot

If you’re ready to get started with the best forex signals right now – we are going to walk you through the process with Learn2Trade. This top-rated provider offers a 30-day moneyback guarantee which means that you can make sure that the platform works without risking too much of your capital.

Step 1: Register at Learn2Trade

You will first need to register at the Learn2Trade website. You will need to choose a premium plan, albeit, it’s best to stick with the 1-month option to start with so you can test the signals out risk-free.

As soon as you have registered and paid for your plan – you will be provided information about how to join the Learn2Trade Telegram group.

Step 2: Join Learn2Trade Telegram Group

Open the Telegram app and join the Learn2Trade premium forex signal channel.

It’s also a good idea to set up your Telegram notifications so that you receive a unique sound every time a Learn2Trade signal arrives.

Step 3: Set up Forex Demo Account

Now that you have joined the Learn2Trade Telegram group, you’ll need to open a forex day trading account that offers a free demo facility. Libertex is a great option as the commission-free forex broker offers demo accounts with a $50k paper balance. This is more than enough to test Learn2Trade out.

There is no requirement to deposit any funds to use the Libertex demo account. Instead, you just need to go through a quick registration process – which should take you no more than a few minutes.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Step 4: Place Signals via Demo Account

Now it’s just a case of waiting for your first Learn2Trade forex signal to arrive via the Telegram group. When it does, all you need to do is head over to Libertex (or your chosen forex demo account) and place the suggested orders.

This will include the forex pair, whether you should go long or short, and what entry, stop-loss, and take-profit prices to deploy.

Repeat the above process every time Learn2Trade sends a new signal and most importantly – make sure you keep track of your results. 

Conclusion

Forex signals can be used to guide trading decisions without having to manually conduct technical analysis. The best forex signals provide regular trading suggestions with stop loss and take profit targets as well as an explanation of the potential trade. In this article, we have taken a look at the best FX signal providers to consider in 2024.

Before deciding on a signals robot, it is important to conduct your own research into each provider. The best platform for you will depend on your experience level and trading goals.

Overall, we found Learn2Trade to be the best forex signal system in 2024. The platform has a strong reputation and provides daily signals via telegram.

Learn2Trade – Best Forex Robot Signals 2024

There is no guarantee that you will make money with this provider. Proceed at your own risk..

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