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www.fx-review.com

FOREX TRADING SERVICE REVIEW

WHAT'S NEW ON THIS SITE ?
UPDATED the AUTO TRADE SERVICE LIST !

To access FX-Review Forum click Here !!!

Last updated : July 15, 2008

PREFACE
There is a lot kind of service for FOREX TRADING scatter everywhere in the internet, start from BROKERAGE FIRMS, TRADING SYSTEM, FOREX BOOK, FOREX ANALYSIS, FOREX COURSE, SIGNAL SERVICE, etc. When we start doing forex trading, often we got confuse to pick the best one for us. I'm not trying to point us to a certain service, but rather like to give us a clear perspective on this too many service provided, so at the end we can decide what is the best for us our self. I divide the review base on the previous area, and I will add as many as information I could found regarding any forex trading service. This job can't do it by myself alone, I need a lot of help from former user, current user, and other fellow traders, to give the review rich of information. FX-Review is 100% free review service. We don't charge any fee to any service provider nor to our user. FX-Review also didn't join any affiliate or referral program. If you see FX-Review's Logo on any service provider, please check it with us before you use their service.
THIRD PARTY VERIFICATION SERVICE AND AUTO TRADE
On 2004 when I started this site, everyone need to subscribe to a signal provider service just to feel and to know how they perform in real time. This will surely time consuming, nevertheless need quite amount of money to pay the subscription fee which is not cheap. Now 2007, three years later, we won't need to do the old way anymore. Now available third party service that doing the verification to a signal provider result. This service will execute every signal sent by the signal provider in real time, quite accurate to simulate the real condition. Then they will create a complete report for each signal provider performance. We only need to monitor and evaluate this report. This third party service even provides full auto trade service, where they will execute every signal from a certain signal provider company directly to investor's account. With this feature, we won't miss any signal and even won't need to open our computer.
THIRD PARTY VERIFICATION SERVICE
FXstreet.com Signals Tracker www.fxstreet.com/services/signals-tracker/tracker/
WITH AUTO TRADE SERVICE
FX-Auto www.fx-auto.com
Collective2 www.collective2.com
Zulu Trade www.zulutrade.com
Strategy Runner www.strategyrunner.com
ONLY AUTO TRADE SERVICE
Trade Bullet www.tradebullet.com
NEWS TRADER WITH AUTO EXECUTION
Now days, there is also new type of forex trading service. This service provides very fast economic news result for everyone who likes to trade the news. They also provide trade recommendation base on the news result.
NEWS TRADER WITH AUTO EXECUTION
Secret News Weapon www.secretnewsweapon.com
Forex Master Maker www.forexmastermaker.com

DISCLAIMER :

All review summary table is just base on last test performance of each signal service.
Profitable or not is base on single month result not from a long run performance.
Maximum drawdown is calculate in one month performance for the result since January 2004 (if any).

All detail review is at all times relative and subjective,
and regards a very short-term period of time which may not be relevant.
All opinions here are NOT controlled, NOT endorsed,
and they represent external opinions exclusively.

 

I started a FX-Review Blog, so people can give comment on any review posted here.
SITE CONTENT
FX-REVIEW Forum Forex Signal Service Avoid This Signal Service ! Warning List ! Forex Trading System Forex Analysis Service List of service without review yet Contact Guestbook
FX-REVIEW FORUM
I also opened a forum / buletin board just using a free ppBHB site. There we can discuss many things about any forex trading service. Do visit it by click here ! back to menu
FOREX SIGNAL SERVICE
Although still doing a test for several forex signal provider, I like to make a report summary so fellow traders dont have to search everywhere for the information. I will try to keep monitor the service that already been review so the information always update. The test itself is doing by independent trader and this site is not support by any signal provider, so I hope the review did not bias. The participant are : mkcky, sidekick, slick 60, emolina, mdaisy, SoyYoConBonete, buff, fijitrader, firedave

READ THIS FIRST BEFORE YOU DECIDE TO USE ANY SIGNAL SERVICE !


As a newbie in forex trading, we are tend to look short way to make money using this signal provider, although it's not wrong and there is a lot of service like this in the internet. I just hope we also have good knowledge about this forex thing, a technical and fundamental analysis maybe, charting and its indicator maybe, or even better a trading system of your own. So if we are going to "the battle" we have "good arsenal" with us. 

My experience with signal service provider is not satisfy enough, so I won't recommend you to any service. But I can give you a guideline to find a service that suit with your trading style and capital.

The most important thing when using any signal service on live account is
DO NOT use HIGH LEVERAGE trade,
because there is no such thing called get-quick-rich-scheme on forex trading.
Use ONLY LOW LEVERAGE (1:1 or 2:1) so the account could survive from the worst drawdown.

- Look for the service with YES on EASY TO FOLLOW and HONEST RESULT.
- Check their trading time, is it match with yours or not.
- Go to their website and look at performance section.
- Pick service with the LOWEST DRAWDOWN or any service that suit your capital.
- Try them on demo first before you use any service on your live account
- If you already get comfort with them go live with VERY LOW LEVERAGE to reduce any worst drawdown.
- Start your subscription at the beginning of the month, so you can compare the result with them.

And AVOID any service on the next list, because we don't like any dishonest service.

Also please check FX-Review forum for more information on any service listed here.

 

AVOID THIS SIGNAL SERVICE !
Before further information on signaling service, please read this list carefully. This is a list of service THAT YOU MUST AVOID because several reasons, they are fabricated their report, mean they are provide dishonest report or they are really a scam artis anyway. Take note that this list is compile from a series of complaint from the former user of the service, and NOT BASE on my personal opinion only. Please contact me to
fx-review@fx-review.com if you got something to report on any dishonest service. TO SERVICE PROVIDERS : Please contact me should you find your service on this list and like to discuss about it.
LIST OF SIGNAL SERVICE
Genius Forecasting www.genius-forecasting.com fabricated performance report
Forex Country www.forexcountry.com fabricated performance report
Forex-Signals / FXSignals www.forex-signals.net fabricated performance report
FX-Unigma N / A charged by CFTC for fraud action
Forex Trading Signals www.forextradingsignals.com fabricated performance report
Forex Strategy www.forex-strategy.com fabricated performance report
Netpicks Forex / OneDayTrader / ForexTrader.biz www.netpicksforex.com / www.onedaytrader.com / www.forextrader.biz fabricated performance report
Deus FX Feb 22 2006 www.deusfx.com irresponsible act to customer
Aden Rusfeldt Apr 26 2007 www.easytrading.biz charged by CFTC for fraud action
more info on CFTC site
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WARNING LIST !
This is a list of service that have possibility to deliver unexpected performance in the future, because of some / many complaint on their past performance. If you still interesting on these service, please continue with cautions. Including in this list is all forex trading service (not limited to signal provider).
LIST OF SERVICE
Forex 618 www.forex618.net still being charged by CFTC
Rapid Forex www.rapidforex.com too many complaint on material delivery
iForex www.zifx.com have identic website layout with FX Unigma
See screen shot
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CRITERIA FOR SIGNAL SERVICE REVIEW
First thing first, the service should be profitable. But not just profitable, the second criteria is easy to follow. Easy to follow mean there is should be enough time to enter or adjust any order after we receive the signal. In other word, better to use entry order rather than market price to avoid miss the signal. The third one is the provider should be honest with their result reported in their site. About the fee, I think if the result is profitable enough than the fee is not a problem anymore.

FOREX SIGNAL SERVICE

REVIEW SUMMARY

Service Name Profitable Easy To Follow Honest Result Max Drawdown in pips Max Consecutive Loss in pips
SET AND FORGET TYPE
Systemforecast NO YES YES + 1,020 + 800
Neural Investment Forecast Aug 15 2007 WAITING NEW REVIEW !
Forex MHV Feb 14 2006 WAITING NEW REVIEW !
Genius Forecasting NO YES NO + 310 + 175
Forex Leads ? YES YES + 380 + 345
FX Master Jun 20 2005 YES YES YES + 800 + 1,000
4XSignals ? YES YES + 560 + 370
FX System ? YES n/a + 215 + 215
FX Crew Feb 20 2005 ? YES YES + 1,260 + 1,274
FX Axis Jun 20 2005 YES YES YES n/a n/a
FXTargets Mar 06 2005 ? YES YES n/a n/a
Forex Country Jun 20 2005 ? ? NO n/a n/a
Forex Trade Oracle Jun 20 2005 ? YES YES + 653 + 634
FortKnox TradingMar 27 2005 ? YES YES n/a n/a
Next24Hours Apr 24 2005 ? YES YES n/a n/a
NFG Consulting Dec 15 2005 SERVICE CLOSED
KB Advisory May 22 2005 ? YES YES n/a n/a
Signals.jptrade.net Jun 20 2005 ? YES YES n/a n/a
Forex-Signals / FXSignals Aug 06 2005 NO YES NO n/a n/a
Genuine Forex ? YES n/a n/a n/a
KEEP UPDATED TYPE
Computrade Australia ? NO n/a n/a n/a
Forexresults NO NO YES n/a n/a
FX Guru YES YES YES + 30 + 100
FX-Unigma / iForex Dec 15 2005 NO NO NO + 50 + 200
Acetrader YES NO YES n/a n/a
Forex Trading Signals NO YES NO + 20 + 220
Prosignal STRATEGY CHANGED, WAITING NEW REVIEW !
FX-Dealer YES YES ? + 145 + 310
TAPS E.P. Mar 27 2005 ? YES YES + 250 + 220
Forex Strategy ? YES NO + 55 + 80
FBS Investment May 12 2006 SERVICE CLOSED
Winning Forex Feb 20 2005 ? ? ? ? + 600
Forex Trader NO YES NO ? ?
Daily FX Guide Mar 27 2005 SERVICE CLOSED
4XNS / FXN Capital May 22 2005 NO ? NO n/a n/a
Interbank Dealer Jun 20 2005 ? NO YES n/a n/a
FXWinTrades Aug 06 2005 ? NO ? n/a n/a
FX Analytics Aug 06 2005 YES YES YES + 503 + 503
DeusFX Feb 22 2006 ? YES YES n/a n/a
FREE SERVICE
E-Forex.ro Jun 27 2005 YES YES ? n/a n/a
FXToday.co.uk Jun 27 2005 YES YES ? n/a n/a
KJ Forex Investment Nov 22 2005 ? ? ? n/a n/a
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SET AND FORGET TYPE
Systemforecast event though they reported their true result, but the past few months performance is having bad result. Only June is their best month, but after that is full of loss trading. Lately I don't know if the service still available or not because they seems don't update their result page.
ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME 2 times a day at 05.00 and 18.30 GMT
MONTHLY FEE US$ 400, free if profit less than 300 pips
FREE TRIAL 10 days
LINK www.systemforecast.com
Back to Review Summary
Neural Investment Forecast signal send once a day and you don't even have to look at the market. We just put the entry and SL, then forget it until next signal. Their report is same with our performance, just sometime there is big draw down. So if you can handle such big draw down ( +/- 400 pips ) you can use this service.
ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR
SENDING TIME 1 times a day at +/- 18.00 GMT
MONTHLY FEE US$ 500
FREE TRIAL NO
LINK www.neuralinvestmentforecast.com
Back to Review Summary
Forex MHV real performance is matches approximately with what they reported on their site, which is updated each week. They have 2 system, the 171322182723 formula, which performs pretty well for a very simple system, and the DIMONX6 system, the range trading system. ( as reported by sidekick ).
ALERT SYSTEM input several parameter to generate the signal everyday
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME n/a
SYSTEM PRICE US$ 200
FREE TRIAL NO
LINK www.forex-mhv.com
Back to Review Summary
Genius Forecasting definitely not an honest business. They still publish a 60 pips profit although the test give 270 pips loss on September result. They try to make-up the result to be always profit when publish. Basically the signal is send once a day, so any order or open trade will last until next signal.

More detail

ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, AUD
SENDING TIME 1 times a day at +/- 04.00 GMT
MONTHLY FEE US$ 64
FREE TRIAL NO
LINK www.genius-forecasting.com
Back to Review Summary
Forex Leads is another honest business. All their report are same with what I got. I found that the signal is easy to follow and use small Stop Loss ( 25 / 35 pips ). September is a bad month for them, they had a negative result. So is the service profitable or not, we must evaluate them more.
ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, JPY, CAD
SENDING TIME 3 times a day before Asia, Europe and US session open
MONTHLY FEE US$ 150
FREE TRIAL NO
LINK www.forexleads.com
Back to Review Summary
FX Master signals although not very frequent but the result reported to be same as published on their site. The signal sent to mobile phone is a market price so had to be execute immediately. Past few months performance published is profit. ( as reported by dally )

More detail

ALERT SYSTEM signal sent using sms to mobile phone
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME during trading time
MONTHLY FEE US$ 150
FREE TRIAL NO
MISC have separate service for training course and daily forecast
LINK www.fxmaster.net
Back to Review Summary
4XSignals is back in service after a long vacation. The claim to give a better performance after some improvement on their old system. Right now only provide October 2004 result for new improved system and look honest because they update it daily.
ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, CHF, CAD
SENDING TIME 24.00 GMT
MONTHLY FEE US$ 295 / 195 if use FXSOL
FREE TRIAL NO
MANAGED FUND start from $25K
LINK  www.4xsignals.com
Back to Review Summary
FX System signal is sending not very often. The signal try to catch big move by using 100 pips TP and 40 pips SL. They also had a long term signal, but no update since couple months. They provide signal for several pairs but only give update for 4 majors pairs. Last performance reported is August 2004 and no update since then.
ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME 3 times a day before Asia, Europe and US session open
MONTHLY FEE US$ 75
FREE TRIAL NO
LINK www.fx-system.com
Back to Review Summary
FX Crew is one times a day signal service. It uses market price so user must immediately enter the recommended price. The signal sent already with SL and reverse entry if the SL hit. All SL for original and reverse trade sets to 30 pips. No TP provide but all trade must be closed at 17.00 / 18.00 GMT depend on US time system. The exit strategy can cause a different result between user and provider. The signal have 10 pips trailing stop option.

More detail

ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME 1 times a day at around 06.00 - 07.00 GMT
MONTHLY FEE US$ 95
FREE TRIAL NO
LINK www.fxcrew.com
Back to Review Summary
FX-Axis full premium package includes 6 distinct trading models that generate primarily daily signals for EUR, GBP, CHF and JPY, which are delivered by email. The models are mutually exclusive so signals can conflict (e.g., trading model 1 might recommend long EUR at certain price while trading model 5 might recommend short EUR at certain other price). It helps if your broker offers advanced hedging so that you can use all the trading models. Open positions carry over until profit targets or stops (which can be modified at each daily update) are triggered. FX-Axis posts performance results weekly to subscribers and I have found them to be accurate. The signals have done very well and drawdowns have been few and limited. It can be complicated, however, to manage all the signals generated by the models and unless your broker provides advanced hedging capabilities, you will have to discriminate signals among models. FX-Axis has tried to address this problem by introducing a new "Select Trade" signal that combines two of its models to generate one daily signal that clients without access to advanced hedging can use. The Select Trade signal is still very new (about a week old) but early results are encouraging. ( as reported by fundmgr )

More detail

ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME 23.00 and 07.00 GMT
MONTHLY FEE EUR 150 / 200 (Package A / B)
FREE TRIAL NO
MANAGED FUND start from $25K
LINK www.fx-axis.com
Back to Review Summary
FxTargets provides short-term daily signals generated by the TradeStation platform. Poor risk/reward because it bets 80 pips to make 20 pips and relies on a high percentage of trades being successful. If you like instant gratification (win or lose), want to be busy trading everyday, and don't mind having to get four good trades to make up for one bad one, then this signal provider is for you. They have discountinued their longer-term signals, which targeted more than 20 pips, but start new daily strategy. ( as reported by fundmgr )
ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, AUD
SENDING TIME during US session opening
MONTHLY FEE US$ 50
FREE TRIAL NO
LINK www.fxtargets.com
Back to Review Summary
Forex Country once copied Forex Leads signal and claim as their own. After being complaint about this copycat matter, they said they are going to change it. But on the next month, they caught being copied another signal service again, this time from KB Advisory. Last complaint didn't get any response from them at all, although several email had been sent. Surely it's not a good start for a signal service. ( Jun 20 2005 )

More detail

ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME during trading time
MONTHLY FEE US$ 97
FREE TRIAL YES (2 weeks)
MISC guarantee +100 pips / month
MANAGED FUND start from $5K
LINK www.forexcountry.com
Back to Review Summary
Forex Trade Oracle have a decent track record calling the expected trend for the day. However, because they employ no stops (time-based close) their service should only be used as a guide, especially for smaller accounts. There is an old trading maxim that says "in order to make money, you have to avoid losing money". You can't avoid losing money if you don't use stops. Recently they introduced a new strategy that already used Stop Loss and Target Profit, and aiming for 120 pips per week. ( as reported by fundmgr )

Now they don't accept any new client for signal service, just for the automated trading. ( Jun 20 2005 )

More detail

ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF
SENDING TIME around 06.00 GMT
MONTHLY FEE US$ 347
FREE TRIAL YES (30 days)
AUTOMATED TRADING available
LINK www.forextradeoracle.com
Back to Review Summary
FortKnox Trading send daily email with limit orders in the major currency pairs. Honest results and well-intentioned trades but often too wide with limit orders. Consequently, orders often don't get filled in daily timeframe and major moves (in the direction anticipated) are missed. Fixed stop loss of 30 pips does reduce risk but because it is arbitrary (and not necessarily based on a technical set-up), positions often "pip-out." Has not been profitable during my subscription. ( as reported by fundmgr )

More detail

ALERT SYSTEM signal send to email and Yahoo / ICQ messenger
CURRENCY PAIR EUR, GBP, CHF, JPY, AUD, CAD
(Silver Service)
SENDING TIME during trading time
MONTHLY FEE US$ 100 (Silver Service)
FREE TRIAL NO
LINK www.fortknoxtrading.com
Back to Review Summary
Next24Hours is a simple and honest service. They send signal only once a day, either to BUY or SELL at market price, and then forget it until next signal. If the next signal is reverse then we close the current trade and open new trade with reverse position. If the next signal is still same then we can let the current trade open. Their report is same with our performance. The strategy didn't use any STOP LOSS, so user should be prepare for big loss when wrong signal happen on a trending day. ( as reported by firedave )

More detail

ALERT SYSTEM signal send to email
CURRENCY PAIR GBP
SENDING TIME around 05.00 GMT
MONTHLY FEE US$ 200, should pay for first three months
SETUP FEE US$ 840
FREE TRIAL YES
MANAGED FUND no minimum capital just US$ 400 monthly fee
LINK www.next24hours.com
Back to Review Summary
NFG Consulting is a long term trading service. The longest open trade is almost 10 months to date (open at July 4 2004). It uses an artificial intelligence model with no manual input based on a myriad of technical and other non-fundamental factors. The system tries to maintain a low volatility portfolio by taking balanced positions during ranging markets and more skewed positions when they trend. The result, in theory, is that the portfolio will thrive when markets trend and at least break even when they range. During my trial the closed trades have not been profitable, but I find the portfolio approach to currency trading intriguing enough that I will continue to monitor the service. Too little information available to make a recommendation. ( as reported by fundmgr )

This service has been closed, no reason found. ( Dec 15 2005 )

ALERT SYSTEM signal send to email
CURRENCY PAIR several pairs
SENDING TIME during trading time
THREE MONTHS FEE US$ 300
FREE TRIAL YES
MISC money back guarantee for 6 & 12 months subscription
LINK www.nfgconsulting.com
Back to Review Summary
KB Advisory sends signal 3 times a day before the opening sessions of Asia, Europe and US and you need to close the position at 21.00 GMT. They has 2 packages, Standard Service covers 8 pairs and Mini Service covers the 4 majors. The system is a trend follower and actually works on a breakout of the last high or low in the past 24 hours. ( as reported by iad )
ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF, JPY (mini) + EUR/JPY, EUR/CHF, EUR/GBP, AUD (standard)
SENDING TIME 3 times a day before Asia, Europe and US session open
MONTHLY FEE US$ 50 / 100 (mini / standard)
FREE TRIAL NO
LINK www.kb-advisory.co.nz
Back to Review Summary
Signals.jptrade.net is very affordable alternative to ForexTradeOracle and Next24Hours. They using the same style, mostly don't use stops and just hold 1 day at a time. The results are pretty accurate. 10,000 pips over 1 year seems very good. I have only been with them shortly though. The drawdowns can be large and fast. A 1000-1500 pip drawdowns over the course of the year seem frequent, but they are made up quickly. Another low leverage type provider. You can feel safe though that they report honestly, which is always the first rule to a good provider. ( as reported by chartguy )
ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF, CAD
SENDING TIME signal send once a day
MONTHLY FEE US$ 65
FREE TRIAL NO
LINK signals.jptrade.net
Back to Review Summary
Forex-Signals.net / FXSignals.info offered a 400 pip guarantee. Still in my first month and we are underwater. Of course! Never had a losing month until I started! This system usually has 50 pip stops and 50 pip targets. Looking at their past history and the % of winners compared to the % of losers, it looks like this month is way out of whack. Either the track record is fabricated, or the month just sucks. I will get my free month and keep reporting the results, but something tells me I'm going to keep getting free months for awhile. ( as reported by chartguy )
ALERT SYSTEM signal send to email and ICQ
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME around 07.00 to 09.00 GMT
MONTHLY FEE US$ 125
FREE TRIAL NO
MISC 400 pips a month guarantee
LINK www.forex-signals.net and www.fxsignals.info
Back to Review Summary Genuine Forex - The link is www.genuinefxonline.com
KEEP UPDATE TYPE
Computrade Australia is out of reach because of the expensive course. They send trend indication not the exact entry price. You must find the entry price using strategy they teach in their course.
ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME during trading time
MONTHLY FEE AUD$ 264 quarterly
COURSE FEE AUD$ 8,800
FREE TRIAL 10 days
LINK www.computrade.com.au
Back to Review Summary
Forexresults is signal service using Stop And Reverse method, so it is "always in" system. They also have scalping system being tested, should be ready to use now. And I think they are honest with their report, but I don't think they are profitable because you can see a lot of minus in it.
LINK www.forexresults.com
Back to Review Summary
FX Guru is an honest service, using small SL 15-45 pips. After 4 months since they start the service, only had bad month in August 2004. They keep improving their performance.
ALERT SYSTEM signal send to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME during trading time
MONTHLY FEE US$ 99
FREE TRIAL for EUR signal
LINK  www.fxguru.net
Back to Review Summary
FX-Unigma is having too late signal and reported different result with the user performance. But you can use their daily forecast for day trading guidance.
ALERT SYSTEM signal send to Instant Messenger and email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME 05.00 to 15.00 GMT
MONTHLY FEE US$ 99
FREE TRIAL NO
MANAGED FUND start from $50K
LINK N/A
Back to Review Summary
Acetrader have major draw down, for given month you may actually loose money instead of making it. Make sure that you have good money management strategy. You will make money in long run by using their services. Latest performance is good. ( as reported by mkcky and mdaisy )
ALERT SYSTEM alarm to their site for every update
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME during trading time
MONTHLY FEE US$ 300
FREE TRIAL NO
LINK www.acetrader.com
Back to Review Summary
Forex Trading Signals is signal service that using a conference room to trade together with the member. Last report there is a problem with un-professional behaviour of the moderator towards those that take, and pay for, his services. Other thing is they now change the method of payment to Western Union to prevent any re-fund from the customer. At the end, the in-consistency of the official result and the one made by the traders should be take into consideration before subscribe to this service.
ALERT SYSTEM use conference room to trade together and receive signal
CURRENCY PAIR EUR, GBP, CHF
SENDING TIME 12.00 to 17.00 GMT
MONTHLY FEE US$ 150
FREE TRIAL NO
LINK www.forextradingsignals.com
Back to Review Summary
Prosignal is signal service using their own automatic system that's based on 15 min charts for EUR/USD, GBP/USD and EUR/JPY, and they can come at any time of the day. Anyway, it's possible to setup the software they provide to send signal alerts to an email address. Although the signals are generated from a mechanical system, they claim that better results can be obtained by combining their signals with technical analysis; but since they don't provide evidence (ie, past performance figures) to support this claim, I'll keep following the signals blindly (for test purposes, of course). The software they provide can backtest the signals, the results it shows don't seem to be "cooked", although they don't take in account spread. You can see their historical performance up to June in their site. The July performance looks to be quite below average. At the end, the in-consistency of the official result and the one made by the traders should be take into consideration before subscribe to this service. ( as reported by SoyYoConBonete )
ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, CHF
SENDING TIME during trading time
MONTHLY FEE US$ 197
FREE TRIAL NO
AUTOMATED TRADING available
LINK www.prosignal.net
Back to Review Summary
FX-Dealer signals are better then FX-Unigma and Forex-Strategy although have very strange way of reporting the profits. One cannot match the profit levels of signal providers. There is always difference in profit/loss of 5 to 7 pips per trade and eats up most of the profits. ( as reported by mkcky )

More detail

ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, JPY, EUR/JPY
SENDING TIME 10.00 to 18.00 GMT
MONTHLY FEE US$ 100
FREE TRIAL NO
MISC have own signal platform
LINK www.fx-dealer.com
Back to Review Summary
TAPS E.P. is another honest service on the net. They use own platform to give exact entry point, SL and TP. They also use small SL like 30 pips .They give 2 result reported. If you like to know their real performance just look at the second report, because the first one is base on best case scenario only. Even they got bad result on past few months, but I think in the long run it will still produce profit as my last try with them. About the fee, a bit expensive for a mini-account holder, but maybe it is not a problem for full-account holder, since they can breakeven at 30 pips profit.
ALERT SYSTEM n/a
CURRENCY PAIR EUR, GBP, CHF
SENDING TIME during trading time
MONTHLY FEE US$ 199 / 295 ( Basic / Enhanced service )
SETUP FEE US$ 499 / 995 ( Basic / Enhanced service )
FREE TRIAL NO
MANAGED FUND available
LINK www.tapsep.com
Back to Review Summary
Forex Strategy is having more bad comments than good ones because the user can't get the same result as publish in the performance section. Their response about this matter is user should take their online forex course first to produce same result with theirs. They have 2 types of service, Gold Service ( signal send twice a day ) and Platinum Service ( signal send during trading time ). I suggest to use Gold Service because it's easier to follow and I think it still can produce profit ( ? ), although they don't publish Gold Service result.
ALERT SYSTEM signal sent to email
CURRENCY PAIR EUR, GBP, CHF, JPY
SENDING TIME 2 times a day / during trading time
MONTHLY FEE US$ 60 / 120
COURSE FEE US$ 490
FREE TRIAL NO
LINK www.forex-strategy.com
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FBS Investments uses a system of hedging where you buy and sell a currency at the same time or stop and reverse. System is pretty profitable if you have the capital to sustain losses. While one side of the currency is making you money the other side of the currency can be deeply in the neg. You take profit when there is profit & wait for neg. to become positive this can take a couple of months. This service should only be for those that are willing wait to see big profit. Signals can be very confusing when coming in on the cell. I only used the service for the two-week trial. ( as reported by Ron B )

This service has been discontinue. ( May 12 2006 )

ALERT SYSTEM signal send to email / mobile phone
CURRENCY PAIR EUR, GBP, CHF, JPY / 14 pairs ( Basic / Advance )
SENDING TIME during trading time
MONTHLY FEE US$ 300 / 500 ( Basic / Advance )
FREE TRIAL NO
MISC use full hedging system to avoid cut loss
LINK www.fbsinvestments.com
Back to Review Summary
Winning Forex signal is basically a breakout type system based on some sort of mathematical formula, there are times when there can be quite a large drawdown.  This can be a little daunting at times, but you just have to realize that once a trend has been caught, it doesn't take much to recover those losses very quickly. Their main target is to book 200 pips profit per week and once this is achieved, that's it for the week - no more signals offered.  The week may end on Tuesday or it may end on Friday at 5pm, and may even possibly carry over to the following week. One small problem is that because different people use different platforms, you may be wise to set your entry points 2-3pts on the other side of the suggested entry point.  You may sacrifice a couple of points each trade but this will make sure that you remain in sync with their calls.  If there are quite a few losses on a long week, these 2-3 pips every trade soon add up, and instead of making 200 pips for the week, you may only make 150 pips.  You may be able to make this up at times when targets are set and you choose to remain in a trade.  But the way I look at it, 150 pips for the week is still very good. ( as reported by buff )

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ALERT SYSTEM signal send to email or Yahoo Messenger
CURRENCY PAIR EUR, GBP, CHF
SENDING TIME