5 Best Forex Signal Providers in 2024

Anyone who has tried to consistently post a profit trading forex pairs will tell you how difficult it is. It requires years of experience, discipline, a deep understanding of fundamental and technical principles, and a degree of risk tolerance.

For a quicker path to forex success, many traders turn to forex signal providers to get trading ideas, including entry and exit prices, as well as take profit orders. However, it can be difficult to know which service is trustworthy and which is preying on new users and their hard-earned money.

In this article, we are going to examine the best forex signal providers and highlight their main features.

The 5 best forex signal providers: Examining top services in 2024

In the sections that follow, we are going to review the best forex signal providers on the market right now. We’ll examine their key features, pricing plans, and their strengths and weaknesses to help you decide which is the best option for you.

1. 1000pip Builder – The best forex signal provider overall

1000pip Builder is a forex signal platform that’s been in operation for more than 10 years, providing currency traders with useful investment tips and strategies for forex markets. The team at 1000pip Builder consists of experienced traders who conduct complex analytics and send their findings to their users via Telegram, SMS, and email. Each message includes the entry price and stop loss and take profit levels.

1000pip Builder’s strategies revolve around three primary approaches: trend capture (using technical and fundamental analysis to identify and follow a Forex pair’s long-term trend), range trap (identifying clear support/resistance zones), and momentum rider (analysis focused on major news, political, and market events). 

There are three pricing plans available to users. The 1-month membership costs $44 per month and comes with every signal. A 6-month membership offers 63% savings compared to the 1-month one, costing $24/month. Finally, there’s the annual membership subscription, which costs $19/month and offers 75% savings compared to the 1-month membership.

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2. Pips Alert – Signal alerts with up to 1500 Pips monthly target

Founded in 2014, Pips Alert is a UK-based firm with a team of 15 experienced forex traders spanning the US, UK, Japan, Canada, and other parts of the world. The signals are sent to users during New York and London trading windows, targeting between 600 and 1500 Pips per month, depending on the membership package.

The Pips Alert is not focused on the forex markets alone but also analyzes commodities markets as well, which include the price of gold and other precious metals like silver, as well as oil and other commodities. Signals can easily be entered using forex brokers or popular trading software like MetaTrader 4 and MetaTrader 5.

There are 2 distinct membership packages offered by Pip Alert, a Standard and a Premium plan. The Standard plan costs $57.95 per month and comes with up to 750 pips/month. The Premium plan is considerably pricier at $97.95 per month but doubles the pips to 1500/month.

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3. ChartPrime – A comprehensive trading offering with advanced signals

ChartPrime is a comprehensive trading platform designed for traders of various experience levels. The platform includes several tools such as the Market Oracle, Chart Prime Oscillator, Pattern Detection Algorithm, and Peak Seeker. These tools are designed to provide traders with advanced signals and overlays for identifying trends, breakouts, and other trading opportunities. 

ChartPrime takes complex trading formulas and algorithms and simplifies them into user-friendly tools and signals. This approach is designed to give users an advantage in various markets, including stocks, commodities, forex, and digital currencies. The platform also offers 1v1 tutorials for beginners.

The platform offers different subscription plans, including monthly ($67/month), quarterly ($47/month), and annual ($40/month) options. Each plan provides full access to all ChartPrime features.ChartPrime works in conjunction with TradingView, a popular charting and social networking site. 

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4. Learn2Trade – A forex and crypto signals provider

Learn2Trade focuses primarily on providing premium forex and crypto signals and educational resources to help traders navigate the dynamic world of markets. The platform offers forex signals based on both fundamental and technical analysis, delivered by experienced traders or automated services. These signals alert users to potential trading opportunities and suggest entry and exit points for a broad range of trading pairs, like USD/EUR and USD/GBP.

For experienced traders, Learn2Trade offers funded forex accounts. This allows traders to trade with capital provided by the service without risking their own funds. The program includes clear guidelines and a profit-sharing arrangement, similar to other top prop trading firms.

In addition to trading signals and tools, Learn2Trade provides educational materials like video tutorials, articles, and guides. These resources cater to traders at different levels of expertise. There’s also a supportive community on their Telegram group, where traders can exchange insights and learn from each other​

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5. FOREX.com – A reputable forex broker providing access to algorithmic signals

FOREX.com is an online forex broker founded in 2001. It offers a range of services, primarily forex trading but also gold, silver, and futures for U.S.-based clients. It is regulated by multiple top-tier bodies, including the CFTC, FCA, and CySEC. The platform is available on various devices, including iOS and Android.

A notable feature of FOREX.com is its SMART Signals, accessible via their proprietary trading platform and MetaTrader 4. These signals are generated by an automated algorithm monitoring 36 major global markets, identifying potential short-term trade ideas based on historical data patterns. 

The platform’s algorithm is designed to identify over 800 different candlestick patterns, analyzing hundreds of thousands of different price data points per day. Each signal comes with a suggested take profit and stop loss level.

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The bottom line

Forex signals can help traders identify market trends and inefficiencies that can potentially lead to lucrative traders. However, it must be noted that signals are not a surefire way to profitable trades – you should still do your own research and not trust proposed strategies blindly. That goes for traders who use regulated or unregulated forex brokers.

If you need a similar service for financial derivatives, consider checking our list of the best options trade alert services.