Signal Factory Review – Compare The Best Forex Signals Providers 2023

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Below, you can find Signal Factory’s product and service review. To check more reviews on forex signal providers, click here.

The company also announced that they aim to provide “a bridge between professional Forex traders and retail traders that are looking for real-time advice.” In this Signal Factory review, we analyse their service and monitor the overall customer experience based on feedback.

Signal Factory Overview

Signal Factory is one of the newest forex signal services on the market. They claim they are different from other services in the industry because their signal providers “trade live accounts with their own money”.

Signal Factory’s official website is well-designed but not very informative. There’s no information provided on who is behind the company or where they are located. We only have found a phone number that has the UK country code, and therefore, we assume the company is British based.

However, we believe that more transparency will benefit the company, appearing more trustworthy to the potential clients.

According to their website, the service provided by the Signal Factory is entirely free. The vendor claims that they have been annoyed that many forex signals providers will claim free service, but then they will force traders to open an account with brokers they’re working with.

Therefore, the team behind Signal Factory aim to create a service without any hidden charges. And from what we have seen, that is true. To get in touch with them, you need to join their social media communities. Their Twitter account has already more than 98 000 followers, while their Facebook account exceeds 13,000.

Additionally, the company claims that over 45,000 people are using their services.

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Signal Factory How It Works Review

As a free service, the best way to take advantage of what Signal Factory can offer you is to follow them on Twitter or Facebook. Once you sign up, you will receive 10-20 free signals a day.

They come prepared with the entry price, the time of the trading GMT, and the recommended stop loss and take profit levels.

Traders can use the forex signals regardless of their time zone and among the following currency pairs: GBP/CAD, EUR/NZD, GBP/AUD, EUR/NZD, GBP/NZD, EUR/AUD, EUR/CAD, EUR/JPY, NZD/JPY, USD/JPY, GBP/JPY, GBP/USD, CHF/JPY.

Unfortunately, there aren’t details on the signal strategy, no information on how the signal provider analyse and approach the markets. Yes, it is a free service, but we believe it would still be helpful to have more details.

Signal Factory Trading Results

The vendor hasn’t provided any trading results. However, they’re pretty transparent about the forex signals they provide, as most of them are posted on Twitter (currently over 100 000 posts). Verifying the results based on these thousands of trading signals is overwhelming.

Therefore, in our opinion, it would be useful if in the future the company finds a way to organise this information and provide it for references.

Conclusion

Signal Factory provides a free service, and this is an advantage hard to compete with. Additionally, they have positive comments from many traders on some of the respected feedback platforms.

Therefore, we believe that it is worth trying their service. Perhaps, you could start with a demo account and see how the signals will perform before applying them to a live account.

Pros:

► Free forex signals

Cons:

► No verified results

If this Signal Factory forex signals review was useful for you, click here to check more reviews on other fx signal providers.