ForexSignals Review – Compare The Best Forex Signals Providers 2023

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On this page, you can read a detailed profile of the ForexSignals provider. At Acorn 2 Oak, we aim to provide you with comprehensive information on various forex products and services. Follow this link to read more forex signals providers’ reviews.

ForexSignals.com is one of the most popular forex signals providers on the market. They provide a variety of services, including educational courses, video tutorials and live chat. Their YouTube channel has thousands of subscribers and viewers.

This ForexSignals.com review will present more details about their signal service, the trading strategies used by their experts, the performance results and the customer feedback.

ForexSignals.com Overview

ForexSignals.com was launched in 2012 and, until today, is owned and operated by Nick McDonald and his partner Will Thomas. They both collaborated in creating the website and developing the forex signal service.

Today, according to their bio, the website has over 500,000 registered members, 52 full-time employees and a team of three mentors, supporting, on a daily basis, the traders participating in their trading room.

After so many years on the market, ForexSignals.com has undoubtedly learned how to present its product and services in detail.

To provide more transparency and create a trustworthy environment, ForexSignals.com have presented with short bios and photos of their team of mentors providing signals and supporting the trading journey of their members.

According to the info, Mark Bennell, Andrew Lockwood and Max Norbury have a combined experience of 80 years in trading, as one of them has been participating in the financial markets since the 1980s.

Those are certainly impressive facts, which will attract the attention of many potential clients. Let’s take a look at the company’s forex signals service – how it works and how much it costs.

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ForexSignals.com Forex Signals Service Review

Those interested in joining the ForexSignals.com service need to know that the company has built their delivery system. The standard ways are via email, SMS or Telegram group.

However, as we learned from their promotional site, ForexSignals.com aim to provide additional mentoring and educational services, which they believe will enhance the trading experience for both novice and advanced traders.

Therefore, the vendor has created their own Trading Room that offers various social trading opportunities in forex too. To join as a potential client, you need to register for the Trading Room. Once the registration is completed, you are entitled to a one-week free trial.

Joining the Trading room enables you to select traders and follow them. The traders you follow will start sending you daily signals on your ForexSignals.com email. Additionally, you will receive daily market analysis and help from the mentors any time you need.

After the seven days free trial, you can continue using the ForexSignals.com service on a monthly subscription. They have three types of plans:

► The Apprentice for 79 USD allows one month of access to the trading room

► The Committed for 41.5 USD per month allows six months access

► The Professional for 39 USD per month allows 12 months access.

ForexSignals.com Trading Strategy

The traders in ForexSignals.com use three types of trading strategies – Forex Scalping, Swing Trading and something they called Naked Trading Strategy. As the first two are traditional strategies in forex, the Naked Trading Strategy is invented by Andrew Lockwood.

According to the information on their website, he has been using this strategy for over 15 years. The idea behind this is to present a “powerful Forex trading in its most basic form” – pure price action, key support and resistance levels, simple entry and exit rules.

Additionally, he claims that easy to learn and requires just 10 minutes per day. The Naked Trading Strategy works in 28 currency pairs, the same as ForexSignals.com Swing Trading.

ForexSignals.com Performance Results

With all the detailed information about the trading strategies of the team behind the brand, it is surprising that ForexSignals.com didn’t provide any performance results to verify the quality of their service.

They are listed on myfxbook account but only in the forum area. Ideally, we wish we could have a look at some clients’ accounts on myfxbook or at least a demo account of ForexSignals.com

Conclusion

As mentioned, ForexSignals.com is quite popular. The company has been on the market for over a decade, which speaks for itself. Additionally, they have many positive comments on various websites. In our opinion, their service is professional and have withstood the taste of the time.

Still, we wish they have provided some trading results, which will allow us to build a better idea of the quality they claim to offer.

Pros:

► Well-designed professional website

► Long history on the market

► Several trading strategies

► Group of mentors to help traders

Cons:

► No performance results provided

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