The best forex signals provide trading signals for the right time to buy and sell CFD assets like forex currency pairs, cryptocurrencies, ETFs and shares. Forex signals providers can be specialist signal tools or social trading tools.
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Here are the Forex brokers that offer access to the best signals providers:
A trading signal is a trigger or call to action that recommends buying or selling a particular asset. It can be either an algorithm or a technical analysis indicator. We listed the best forex trading platforms and then revised the list below based on their signal provider offering.
The following brokers are our picks for the best forex signal providers, based on one key feature or advantage.
The Best Overall Broker for Trading Signals
Overall, Pepperstone is the best forex signal provider. If you are new to the financial markets and don’t understand how day trading works within the foreign exchange market, then Pepperstone has the best free forex trading signal offerings. The Australian-based broker offers forex traders the opportunity to connect with one of the largest range 3rd party signal providers of any brokers. This forex broker is well-suited to offer free forex signals with no constraints from some of the best forex signal providers in the industry.
Pepperstone partnered with the following forex signal services:
| MyFxBook | MQL5 Signals | DupliTrade | Mirror Trader | Pelican | |
|---|---|---|---|---|---|
| Minimum Deposit | $1,000 | Starting from $0 | $5,000 | $200 | $0 |
| Trade Signal Fee | Markup spreads | $0 - $10,000 | No fees | Markup spreads | No fees |
| Best For | Automated portfolios of FX signals & CFD signals | MT4 & MT5 users | Proprietary FX signals | Algorithmic trading systems | Mobile Copy Trading |
Myfxbook
Myfxbook is a trusted forex signal service that allows you to follow professional traders (only real money accounts) and copy their trade signals. The copy trading is handled through AutoTrade, a technology provider owned by Myfxbook. When you sign up for the Myfxbook signals service, you don’t have to pay:
The only cost associated with copy trading might come from a small markup spread. However, Pepperstone clients can enjoy completely free service, if you link your Pepperstone trading account to Myfxbook AutoTrade.
The main feature that recommends Myfxbook AutoTrade is its robust and accurate performance statistics.
DupliTrade
DupliTrade is a service provider of trading signals with no set-up fees, a minimum deposit of $5,0000, zero fees for forex trading signals, and a database of professional traders and their win rates. DupliTrade’s unique copy trading solution allows beginner traders to connect with more experienced traders and mimic their trading results.
DupliTrade is a web-based platform that is supported by the popular MT4 trading platform. Moreover, manual trading is allowed, giving you more flexibility and control over your trading account. You can close and modify the take profit and stop-loss orders of the copied trades anytime you want.
MetaTrader Signals (MQL4 and MQL5)
MetaTrader Signals service gives access to forex trading signals from 1000s of trading strategies with automatic forex execution. The costs are relatively low, as the MT4 signals offering include both free signals and paid signals. Most MT4 forex signal providers have a subscription fee between $10 and $50 per trading strategy, but it can go as high as $10,000 for others.
You can also become a forex signal provider and have the opportunity to list your trading strategy to 1,000’s subscribers around the world. With MQL4 and MQL5 copy trading services, you can charge a subscription fee and earn an additional income from simply sharing your successful trades with other traders.
MirrorTrader
Mirror Trader by Tradency is the fourth trade copier supported by Pepperstone. Mirror Trader offers unique trading opportunities via sophisticated Algo-based strategies that support forex trading, stocks, commodities and indices. A quick glance at an internal customer satisfaction survey revealed that over 90% of its users are pleased with Mirror Trader easy-to-use platform.
Pelican
Pelican is a one-stop-shop social trading App available on iOS and Android. This copy trading App brings you the best forex signals and a chat feature that connects you with more experienced traders who prefer day trading. Pelican summary of benefits includes:
Verdict On Pepperstone’s Signal Providers
Overall, Pepperstone offers traders everything they need from a forex signal provider. By joining one of the signal service providers offered by Pepperstone, you can benefit from the benefits that come with a social trading network and the benefits of a forex signal service. The trading signals are copied in real-time, fully verified, and automatically copied into your account. Click the button below and start receiving the best forex signals today with one of Pepperstone’s trading accounts.
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The Best MQL5 Provider with MT4 and MT5
IC Markets is the premier choice for the best forex signals provider with MQL5. Used by 100’s of thousands of forex traders, MQL5 provides complete trading services for FX signals. The MQL5 forex signal service is compatible with both MT4 and MT5, and you don’t need to run any additional software if you’re using the MetaTrader platforms.
The automated copy trading solution powered by MQL5 has the following key features:
Robust performance statistics – all key parameters to evaluate the performance of a trading strategy are provided (drawdown, success rate, percentage of loss and profit trades and much more)| Compatibility | Type of FX Signals | Markets Covered | Social Trading Feature | Trading Method | Track Record | |
|---|---|---|---|---|---|---|
| MQL5 Signals | MT4 & MT5 | Paid and Free | Forex and CFDs | Yes | Automated (EAs) and Manual | Verified |
MQL5 Forex Signal Service
The list of trading signals you can subscribe can be found under the Signals tab inside the MetaTrader platform or directly on the MQL5.community website. The MetaTrader 5 trading signals offer an all-inclusive list of risk metrics on the basis of which forex traders can make a better selection of whom to follow.
The most important trading signals statistics include:
Slippage Statistics
Probably one of the most useful statistics includes the average slippage you’ll get with each trading system. The slippage is measured in pips based on real accounts only. Since the forex market is a decentralised marketplace, different brokers might quote you slightly different FX prices.
If the signal provider uses IC Markets, but followers use other brokers, it may lead to higher slippage.
Note* To reduce slippage and trade latency, it’s best to only use MQL5 signals providers from the same forex broker as yours.
Final Words – Best MQL5 Forex Signal Provider
The MQL5 trading signals were carefully designed to allow MT4 and MT5 users to mimic the performance of more successful traders. Like with all forex signals, each copied trade has attached to it a stop-loss order and a take profit order which can also be modified manually. Start trading with a demo account and test drive the best forex signals by clicking the button below.
A Good Platform For Social Trading Signals
The absolute best platform for social trading signals is offered by eToro. Being around since 2007, eToro has become synonymous with social trading. Forex traders can capitalise on the benefits of a social trading network along with getting trade alerts on the Forex market, stocks, cryptocurrencies, indices and more.
eToro was selected as the best platform for social trading signals based on:
eToro Copy Trading Platform
eToro’s CopyTrader is a proprietary trading signal software that gives you the flexibility to interact with other traders, follow their trading strategies, learn from their market analysis and automatically copy their performance.
The social trading signals are located under the “Copy People” left side vertical tab. The user-friendly web interface is divided into 4 main useful tabs.
The Feed tab is the social network place where you can interact with eToro’s portfolio managers. The key feature of the Feed tab includes the daily posts that are similar to how Twitter works. Basically, the Feed tab contains a live stream of useful market insights, market analysis, trade alerts, technical analysis with insightful charts, fundamental analysis of stocks and any useful updates from your favourite portfolio manager. You can like, comment and share any useful content about your favourite market.
The “wall” also includes a short biography of your favourite portfolio managers, along with a full explanation of his/her trading strategy. More, you have useful statistics like the number of followers, copiers and top traded markets.
If you’re new to online trading, you can use the Feed tab
The stats tab is a useful performance analytical tool that lets you assess the profitability of eToro’s portfolio managers. You can monitor trader performance and review the following risk metrics:
The Portfolio tab simply shows a track record of all open positions along with real-time updated PnL.
The Chart tab is a snapshot simulated performance chart based on a $10,000 initial investment and copy stop-loss level set at 60%. The simulated results are only indicative of what you can expect to gain in the future.
Final Words – eToro’s Free Forex Signals
With over 10 million users, access to 6 different asset classes, a proprietary copy trading platform, and innovative risk metrics recommends eToro for the best social trading network. eToro’s copy trading feature only requires a minimum deposit of $200. To access eToro’s list of portfolio managers, see their performances and results and decide if you want to copy their free signals by clicking the button below.
*Your capital is at risk ‘68% of retail CFD accounts lose money’
The Best Forex Signals Software
AltSignals is a powerful paid forex and crypto signals software provider. Over 50,000 subscribers worldwide trust AltSignals for their real-time trading signals, technical analysis insights, transparent track record, telegram group and AltAlgo proprietary technical analysis tool. In addition to their daily forex and crypto signals, you can learn how to start trading with one of their trading guides.
To start copying AltSignals trade calls you’ll be charged a standard flat fee of GBP 99 across 3 different membership levels:
Your membership will give you access to additional resources including a telegram group, weekly news forecasts and video tutorials.
Advantages of AltAlgo
AltAlgo is proprietary software that runs on TradingView designed to generate optimal buy and sell signals. The bot combines 15 technical indicators and multiple trading strategies that are now available to all AltSignals telegram members.
Some of the most popular trading strategies at AltAlgo revolve around forex patterns. Learn how to read forex patterns the right way with the complete chart patterns trading course.
The key feature of this forex signal bot is the fact that the profit level is broken into multiple targets based on support and resistance levels. The short-term targets make sure you cash in some profits, while the long-term targets ensure you also compound your profit potential. To receive the notifications of any movements, you have the option of mobile notifications, emails, or an SMS
Final Words – Crypto and Forex Signals Service Provider
AltSignals is a good forex and crypto signals provider, but it focuses more on quality than quantity. In this regard, a trader can expect on average to receive only around 20 trade signals/month. Please note that their track record is not independently verified by third-party providers. To avoid scams, it’s important to verify track records through 3rd party reliable industry sources.
The Top Forex Signals App
Forex Signal Factory brings you the best forex signals App plus a telegram group that connects you with professional traders. The FX signals are delivered in real-time directly to your trading platform, with exact entry price, stop loss, and multiple take profit levels.
Forex Signals Factory was selected as the most reliable forex signal app based on:
Final Words – Forex Trading with Top Signals
Overall, Forex Signals Factory allows its users to receive live buy and sell signals directly on their mobile devices. However, on the downside, there is no way to verify their track record or their past performance. More, from their website, you can’t know how much their signals service is going to cost and they claim fast-growing of your capital with around 15,000 pips per month, which is hard to believe.
The Broker That Offers ZuluTrade Social Trading App
FXCM offers the best social trading App ZuluTrade based on these factors:
All these features and more are available through FXCM ZuluTrade Account. The mobile applications are available on iPhone, iPad and Android devices.
| Compatibility | Service Fee | Markets Covered | Trading Methods | Track Record | |
|---|---|---|---|---|---|
| FXCM ZuluTrade | Trade Station | $30 Subscription Fee 25% Performance Fee |
Mostly Forex | EAs and Manual | Verified |
ZuluTrade is the best paid social trading App since 2007. In order to enhance your trading experience, you need to expect to pay both a monthly subscription fee and a performance fee. The trading services fees depend on the account type you will choose.
Profit-Sharing Account
For profit-sharing, you will need to pay USD 30 monthly subscription fee and a 25% performance fee (the fee from the profit gained by your traders).
Trader’s Combos Account
The combos accounts offer an optimised risk profile by combining diversified trading strategies that you can follow. The copy-trading portfolios are carefully hand-picked by a team of ZuluTrade experts using only high-performance traders.
We can distinguish 2 combo types:
Note* In order to use trader combo plus you need to have at least USD 3000 with the leverage 30:1.
When using the Classic account type, the user will have the option to use classic combos, and there is no monthly subscription fee, however, the user will pay a markup. This markup varies between brokers, you may find the markup for each broker by click on the broker’s name. For example, when IC Market only offers the classic account, and the markup is 1.5 pips.
When using the Profit Sharing account type, the user will be charged a monthly subscription fee of $30 per month, and 25% of profit if the trader you follow close the month in profit.
ZuluTrade Forex Signal Service App Features
The ZuluTrade social trading app accommodates over 100,000 trading systems that are screened through ZuluRank proprietary algorithm. With ZuluGuard protection, all trading strategies are closely monitored and automatically removed when they stop performing, as per the previous risk profile.
Additionally, the Traders’ Auto-rotation system will automatically replace under-performing systems with stable trading strategies. More, traders can enjoy a risk meter bar, Margin Call-o-Meter, reverse function, integrated economic calendar, trade history, live quotes with technical indicators such as moving averages and so much more.
Final Words – Best Social Forex Trading App
Overall, ZuluTrade via FXCM gives you the advantage of using FXCM’s competitive spreads along with the ZuluTrade social trading feature. While ZuluTrade is a paid forex signal provider, you can test drive the FX signals with a demo account. For more info, you can contact customer support, which is available 24/7. Click the button below!
*Your capital is at risk ‘67% of retail CFD accounts lose money’
The Best Choice for Myfxbook AutoTrade
FP Markets was hand-picked as the best choice for Myfxbook AutoTrade’s copy trading service. AutoTrade technology operated by Myfxbook is a powerful Algorithmic Trading Australia, feature-rich, with MT4 compatibility, verified track records and fully customizable.
There are many features that recommend AutoTrade, but we based our assessment on:
| Compatibility | Service Fee | Markets Covered | Trading Methods | Track Record | |
|---|---|---|---|---|---|
| FP Markets AutoTrader | MT4, MT5 and cTrader | Free | Forex and CFDs | EAs and Manual | Verified |
Best Forex Trading Signal Software
Myfxbook advanced trade analytics give you an in-depth overview of the trader’s performance, including daily and monthly percentage gains; system type (technical or fundamental); trading type (manual, automated or mixed) advanced statistics and so much more.
As a third-party provider, Myfxbook ensures that the signal providers aren’t manipulating their performance and you get to see real results. Myfxbook dashboard also gives you the ability to interact with other traders and search for professional traders based on your risk profile.
The notifications and price alerts can also keep you updated with the latest price action developments. If there is a breakout happening in the EUR/USD, Myfxbook will make sure you won’t miss out on that price development.
Final Words – AutoTrade Free Forex Signals
If you’re looking for a combination of low trading costs and systems with a high success rate, then Myfxbook AutoTrade powered through FP Markets is the best choice. Signals subscribers have full control over how signals are copied through the multiplier function, drawdown settings, drawdown stop %, instruments to ignore and allowed trading hours. Click the button below and test the next generation of forex signal providers via a demo account.
The Lowest Fee Copy Trade Broker
Fusion Markets is recommended for the lowest fee copy trading broker. Fusion Markets allows its clients to automatically copy trades 24/5 via three of the best forex signal providers (Myfxbook AutoTrade, DupliTrade and MAM/PAMM solution). With Fusion Markets there are no hidden fees, only competitive commissions of $2.25 per 100,000 units traded and EUR/USD average spread of 0.12 pips.
If you’re new to forex trading, the best signal provider is the leading premium solution offered by DupliTrade. DupliTrade comes with the following advantages:
| Compatibility | Service Fee | Markets Covered | Trading Methods | Track Record | |
|---|---|---|---|---|---|
| Fusion Markets DupliTrade | MT4 and MT5 | Free | Forex and CFDs | EAs and Manual | Verified |
DupliTrade Strategy Providers
DupliTrade only features 12 Strategy Providers that have been meticulously scrutinised. There are three lengthy stages of the audit process which ensures you’ll only follow trading systems with a high success rate.
For example, the best strategy provider has generated triple digits returns of over 580%, which translates into a net profit of over $59,000 since 2011. The Strategy Provider has over 514 weeks of trading history and almost 1,500 followers.
DupliTrade Dashboard
DupliTrade innovative dashboard covers a detailed description of each trading system, trade frequency, trading style, proposed timeframe, instruments traded, trader type and whether the strategy is automated or manual. Additionally, the trading history covers all the trades taken since the inception of the strategy and risk metric profile to analyse the strategy performance.
Final Words – Daily Forex Signals with Low trade Costs
DupliTrade can save you a lot of time that you otherwise would have spent in front of your charts. The low trading costs offered by Fusion Markets enable clients to also choose scalping systems. Overall, it’s safe to say that DupliTrade provides a good copy trading platform can meet the minimum deposit requirement of $5,000.
A forex signal is a trading recommendation to buy or sell a specific currency pair at a predetermined price and time. Usually, forex signals are transmitted via automated alerts or directly copied in your trading account via specialised platforms.
Copy trading is the automated process of duplicating another trader’s performance (usually a professional trader) into your personal trading account. Whenever the master account (copied account) opens and closes a trade, the same trade will be opened and closed in the slave account (your personal account).
By definition, a signal provider is anyone (individual professionals or companies) that allows other traders to follow their trading activities on their own trading accounts. A signal provider can publish his trading ideas via automated third-party providers or alternatively via social media channels.
Pepperstone is one of the best forex signal providers. The Australian-based broker allows its clients to connect with 5 of the best forex signals providers all from one single account. Pepperstone clients can use the following forex signal services: Myfxbook, MQL5 signals, DupliTrade, Mirror Trader and Pelican.
For an in-depth review along with the best features that come with Pepperstone please click HERE.
Finding a trustworthy and reliable signal provider is hard. While no one can guarantee profits, our list of most trusted trading signals providers is a good place to start searching for trading services that are more in line with your financial goals. We can recommend Pepperstone which has a broad selection of signals services that is transparent, compatible with MetaTrader 4 and MetaTrader 5, includes proprietary strategies, in-depth performance statistics, verified track records and so much more.
For social trading features, we recommend eToro’s innovative platform while IC Markets claims the best MQL5 Forex signal provider. These recommendations are based on our proprietary star scoring system.
Disclaimer and risk warning : Before you follow a signal provider test drive them on a demo account for at least one month. Secondly, only trust signals providers with at least 1-2 years of verified and profitable track record.
There are other trading signal providers that are not on this list that do a similar service including 1000pip builder, learn 2 trade, and forexsignals.com.
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