Best Forex Signals 2021 – Top Free Signals

If you’re looking to actively trade forex online but in a passive manner – forex signals could be the solution. This is because your chosen signal provider will send you suggestions on which currency pair to trade and what entry and exit orders to place.

In this guide, we review the Best Forex Signals for 2021 and walk you through the process of getting started today!

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

Best Forex Signals 2021 List

Stuck for time and looking to get started with the best forex signals right now? Check out which providers made the cut below. You can scroll down to read a full review of each forex signal provider!

  1. Learn2Trade – Overall Best Platform for Trading Signals
  2. 1000pip Builder – Best Trading Signals for MT4
  3. Direct Forex Signals – Established Forex Trading Signals via Telegram
  4. Daily Forex Signals – Upto 5 Forex Signals Per Day for £29.99/Month
  5. Forex Signal Factory – Telegram Forex Trading Signals with 83k Members
  6. Algo Signals – Free Forex Signals (Automated)
  7. FXPremiere – Access to Over 50+ Forex Trading Signal Providers
  8. ForexSignals.com – Great Reputation in the Forex Signal Arena
  9. MQL5 – Best Forex Signals for MT5
  10. FXLeaders – Best Free Forex Signals

Best Forex Robots 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 2021.

1. Learn2Trade – Overall Best Platform for Trading Signals

learn 2 trade best forex signal Telegram groupAfter 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.

Learn2Trade signals best trading robot

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.

learn2trade

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.

Pros:

  • Top-rated automated trading signal provider
  • More than 17,000 members in the L2T Telegram group
  • 3 x free signals per week
  • 3-5 premium signals per day
  • All stop-loss and take-profit levels provided
  • Great educational tools

Cons:

  • Not fully automated as you need to act on each signal

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

 

2. 1000pip Builder – Best Trading Signals for MT4

1000pip Climber System 1000pip Builder is a fully-automated forex signal service that allows you to trade in a 100% passive manner. This is because the signals come in the shape of a forex EA (Expert Advisor). For those unaware, EAs are trading robot files that you install and deploy through a third-party platform like MT4.

This means that the signals offered by 1000pip Builder will be traded on your behalf via your chosen MT4 broker. As such, there is no requirement to evaluate each signal nor head over to your trading platform to place the suggested orders.

1000pip Climber System best trading robots

While this is super-convenient, this does mean that you need to have full confidence in the 1000pip Builder. The number of signals that the robot executes will vary. But, most users claim that this is usually in the region of 10 trades per day. Nevertheless, the 1000pip Builder typically focuses on six major forex pairs and three candlestick timeframes.

The latter covers the 15-minute, 1-hour, and 4-hour pricing feeds. When it comes to pricing, the 1000pip Builder charges a one-time fee of $97. This means that once you have bought the signal robot there is no ongoing fee. Although this will save you money, it’s important to remember that the team at 1000pip Builder might not be overly motivated to regularly backtest the robot as it doesn’t collect monthly subscription fees.

Pros:

  • Claimed gains of 20,000 pips in three years
  • One-time fee of $97
  • Works with MT4
  • Fully-automated
  • Easy to install and deploy

Cons:

  • Unable to verify performance claims
  • No moneyback guarantee

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

 

3. Direct Forex Signals – Established Forex Trading Signals via Telegram

Direct Forex SignalsDirect Forex Signals is a UK-based provider that claims to have been active in this space for over 10 years. Specializing exclusively in currency trading, all signals are sent in real-time via the Telegram group.

This signal provider claims to have a win rate of between 89.54% and 93%. There are several plans to choose from at Direct Forex Signals. The lowest-priced plan will cost you £30 per month and will get you 1-5 signals per day.

Direct Forex SignalsThe key problem with this plan is that it does not come with the suggested take-profit or stop-loss order prices. For this, You would need to opt for the £55 plan, albeit, this gets you access to the platform for three months. The other option you have is the £85 plan – which gets you access to the signal service for 6 months.

Pros:

  • Claimed win rate of 89.54% – 93%
  • Signals sent by Telegram
  • 1-5 forex signals per day
  • Active in this space for over 10 years
  • 30-day moneyback guarantee

Cons:

  • The basic plan does not come with take-profit or stop-loss orders

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

 

4. Daily Forex Signals – Upto 5 Forex Signals Per Day for £29.99/Month

Screenshot 2021-03-30 12.46.52Launched 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.

daily forex signals

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%.

Pros:

  • All signals based on technical analysis
  • Claimed success rate of between 64.5% and 75%
  • Launched way back in 2014
  • Claims to have made more than 27,000 pips

Cons:

  • Win rate is lower than other providers

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

 

5. Forex Signal Factory – Telegram 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.

Pros:

  • More than 83,000 Telegram members
  • Two take-profit orders supplied
  • Stop-loss orders on all signals

Cons:

  • Not clear how much the provider charges

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

 

6. Algo Signals – Free Forex Signals (Automated) 

Algo SignalsAlgo 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.

Pros:

  • Trade in a semi-automated manner via signals
  • Option to switch over to auto mode
  • $1,500 demo account offered for backtesting
  • Trades crypto and forex
  • Well-known in the signal scene

Cons:

  • Algo Signals does not give you access to the robot file

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

 

7. FXPremiere – Access to Over 50+ Forex Trading Signal Providers

FXPremiereFXPremiere 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.

Pros:

  • Receive signals from over 50 different providers
  • Monthly plan starts at just $37
  • No need to rely on a single signal service
  • All plans come with entry and exit prices

Cons:

  • The sheer number of signals you receive might feel overwhelming

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

 

8. ForexSignals.com – Great Reputation in the Forex Signal Arena

https://www.forexsignals.com/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.

forexsignals.com

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.

Pros:

  • Established reputation in the forex signal industry
  • More than 83,000 clients
  • Free 7-day trial
  • Signal rooms operational 24/7 to cover all timezones
  • Strong emphasis on learning technical analysis

Cons:

  • Signals are pricey at $97 per month

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

 

9. MQL5 – Best Forex Signals for MT5

MQL5MQL5 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.

Pros:

  • Allows you to copy an MT5 trader like-for-like
  • Reasonable fees that average $30 per month
  • Ability to view all statistics related to the trader you copy
  • Trade at an amount you feel comfortable with

Cons:

  • Doesn’t offer direct signals
  • Perhaps not suitable for small stakes when you factor in the $30 fee

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

 

10. FXLeaders – Best Free Forex Signals

fxleadersAlthough 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.

Pros:

  • Offers 90-100 free forex signals per month
  • In-house traders focus on core technical indicators
  • No need to download a third-party app

Cons:

  • You need to pay to reveal the suggested entry price

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.

Broker Fee Type of Signals
Learn2Trade Free or Premium at £35/month Telegram signals app
1000 Pip Builder $97 one-time fee MT4 robot
Direct Forex Signals £30 per month Telegram signals app
Daily Forex Signals £29/99 per month (no TP/SL) Telegram signals app
Forex Signals Factory Does not publish Telegram signals app
Algo Signals Free, but need to deposit $250 into a partnered broker Automated robot
FXPremiere $37 per month 50 signal providers combined
ForexSignals.com $97 per month Private signal room online
MQL5 $30 Copy trading
FXLeaders Free service but not entry price Available through provider’s website

 

What are Forex Signals?

Forex signals are trading suggests that essentially tell you what orders to place at your chosen broker. The signal provider that you sign up with will usually have a team of in-house traders that perform research 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.

An example of a forex signal is outlined below:

  • FX Pair: EUR/USD
  • Entry: 1.1808
  • Order: Short
  • Stop-Loss: 1.1890
  • Take-Profit: 1.1702

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.

etoro forex signals

This means that there is no need for you to personally perform technical analysis or fundamental research. Instead, you can actively trade forex without needing to lift a finger.

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.

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 – no questions asked.

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.

A few weeks later, you can tally up all of the results band and determine whether or not the signals are worthwhile. If they are not, you simply need to trigger the 30-day moneyback guarantee and the entire process will have cost you nothing.

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. After all, if the signals start to lose subscribers’ money, then they will not stick around.

etoro forex signals

But, by putting in the legwork and ensuring the forex signals constantly outperform the market, subscribers will happily renew their membership 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 – so as long as you test the provider out first via a forex demo account – you’ve got nothing to lose.

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.

learn2trade signalsAs 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.

learn2trade signals

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. eToro is a great option as the commission-free forex broker offers demo accounts with a $100k paper balance. This is more than enough to test Learn2Trade out.

etoro forex signals

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

Your capital is at risk.

69% of retail investor accounts lose money when trading CFDs with this provider.

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 eToro (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!

Learn2Trade – Best Forex Robot Signals 2021

learn 2 trade best forex signal Telegram group

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

 

eToro – An Alternative to Forex Robots

Although Learn2Trade offers the best forex trading signals in the market – there is another option to consider if your main objective is to trade forex in an automated manner. At eToro – which is home to over 20 million clients and is regulated by three financial bodies – you can copy experienced traders like-for-like.

For example:

  • Let’s suppose you invest $1000 in an experienced forex trader that specializes in major pairs
  • The trader risks 5% of their portfolio on EUR/USD with leverage of 1:30
  • You mirror the same trade in your account – so you are risking $50 (5% of $1000)
  • The trader makes gains of 10% on this trade
  • On your stake of $50 – that’s a profit of $5
  • However, you also applied leverage of 1:30 – so you actually made $150

There are thousands of verified traders that you can choose from and no concern about the volatility of results. This is because each and every trade that the individual has placed at eToro is publicly available. As such, this presents a full range of core statistics – such as average monthly returns and maximum drawdown.

Perhaps even more attractive is the fact that eToro doesn’t charge any commissions, fees, or subscriptions to use its Copy Trading service. Plus, you don’t need to share any of the gains you make with the trader in question!

eToro – Best Alternative to Forex Robots – 0% Commission

Your capital is at risk.

69% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What are forex signals?

Live forex signals are the equivalent of trading suggestions. The signal provider will essentially send you tips throughout the day as to what forex trades you should place - based on its own research.

How to use forex signals?

Once you receive a signal, you need to head over to your preferred forex broker and place the suggested orders. For example, you might be told to place a buy order on GBP/USD at an entry price of 1.3740. You might also be told to set up a stop-loss order at 1.3650 and a sell order at 1.820.

How to get forex signals?

To get forex signals you will need to first choose a provider and then subscribe to the service.

When to buy and sell forex signals?

If the forex signal tells you to go long, this means you need to place a buy order. If you are told to go short, you need to place a sell order.

Are forex trading signals legit?

Yes, foreign exchange trading signals are legit - but there is no guarantee that you will make money. This is why you need to perform lots of research on the provider before parting with any money. In fact, it's a no-brainer if the signal service offers a free trial or moneyback guarantee as you can test the providers out risk-free.

How much do live forex signals cost?

Most forex signal providers charge a monthly fee. This is usually in the region of $40-$100 per month.

Where to get the best free forex signals?

Learn2Trade - which has over 17,000 members in its Telegram group, offers 3 free forex signals per week. If you like the free signals and wish to upgrade to the premium plan, you'll get 3-5 signals per day.

 

 

 

 

 

 

About Kane Pepi

Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck, Motley Fool, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.