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The Criteria to Look Out for When Choosing the Best Forex Signals App

Estimated Reading Time: 3 minutes

Ali Qamar

Updated:


Learn how to Choose the Best Forex Signals App

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Forex trading is one of the best ways to make a passive income. Sometimes, even though you have learned all the basics, you might not make the best trading decisions.

 

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4 Providers that match your filters

Payment methods

Trading platforms

Regulated by

Support

Min.Deposit

$ 1

Leverage max

1

Currency Pairs

1+

Classification

1or more

Mobile App

1or more
Recommended

Rating

Total cost

$ 0 Commission 3.5

Mobile App
10/10

Min.Deposit

$100

Spread min.

Variables pips

Leverage max

100

Currency Pairs

40

Trading platforms

Demo
Webtrader
Mt4
MT5

Funding Methods

Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill

Regulated by

FCA

What you can trade

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Average spread

EUR/GBP

-

EUR/USD

-

EUR/JPY

0.3

EUR/CHF

0.2

GBP/USD

0.0

GBP/JPY

0.1

GBP/CHF

0.3

USD/JPY

0.0

USD/CHF

0.2

CHF/JPY

0.3

Additional Fee

Continuous rate

Variables

Conversión

Variables pips

Regulation

Yes

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

Rating

Total cost

$ 0 Commission 0

Mobile App
10/10

Min.Deposit

$100

Spread min.

- pips

Leverage max

400

Currency Pairs

50

Trading platforms

Demo
Webtrader
Mt4
MT5
Avasocial
Ava Options

Funding Methods

Bank Transfer Credit Card Neteller Skrill

Regulated by

CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA

What you can trade

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Etfs

Average spread

EUR/GBP

1

EUR/USD

0.9

EUR/JPY

1

EUR/CHF

1

GBP/USD

1

GBP/JPY

1

GBP/CHF

1

USD/JPY

1

USD/CHF

1

CHF/JPY

1

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

Yes

CYSEC

Yes

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

Yes

CBFSAI

Yes

BVIFSC

Yes

FSCA

Yes

FSA

Yes

FFAJ

Yes

ADGM

Yes

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

Rating

Total cost

$ 0 Commission 6.00

Mobile App
7/10

Min.Deposit

$10

Spread min.

- pips

Leverage max

10

Currency Pairs

60

Trading platforms

Demo
Webtrader
Mt4

Funding Methods

Credit Card

What you can trade

Forex

Indices

Cryptocurrencies

Average spread

EUR/GBP

1

EUR/USD

1

EUR/JPY

1

EUR/CHF

1

GBP/USD

1

GBP/JPY

1

GBP/CHF

1

USD/JPY

1

USD/CHF

1

CHF/JPY

1

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

Your capital is at risk.

Rating

Total cost

$ 0 Commission 0.1

Mobile App
10/10

Min.Deposit

$50

Spread min.

- pips

Leverage max

500

Currency Pairs

40

Trading platforms

Demo
Webtrader
Mt4
STP/DMA
MT5

Funding Methods

Bank Transfer Credit Card Neteller Skrill

What you can trade

Forex

Indices

Actions

Raw Materials

Average spread

EUR/GBP

-

EUR/USD

-

EUR/JPY

-

EUR/CHF

-

GBP/USD

-

GBP/JPY

-

GBP/CHF

-

USD/JPY

-

USD/CHF

-

CHF/JPY

-

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

 

Even the most experienced traders still face the same issue; this is why Forex signals app are the best tools for traders to drive their investment to the height they want it to attain.

But how can you choose the best Forex signals application? Well, let’s find out.

Choosing the Very Best Forex Signals Application

There are lots of Forex trading signals apps globally, and it is needful to make the right research on the best. Well, we have done most of the research for you. Here are five requirements you need to look out for when choosing the best Forex signals app.

  • Steady Profits

A good forex signal app should be able to provide consistent profits all the time. Providing steady gains is not an easy task to achieve; the app needs to be backed by a team of experts. The team should know Forex markets and be able to adapt to the dynamic market conditions.

  • A Few Consecutive Losing Trades

There are no doubts that the best forex app will not only give you consistent profits and performance, but it will achieve this with a low drawdown. This implies that a good trading signal app will offer sequential losing trades, thus producing a constant equity growth curve for you.

  • Abundant Frequency of Trading Signals

The best trading signal app provides constant signals regularly with lots of frequencies. This is due to the fact that a proper signal application is the one with a win rate of more than 65 percent in the market.

However, an excellent forex signal app would provide you with the best alerts to make the right trades all the time.

  • An Excellent Track Record

A great forex trading signal app needs to have an excellent track record; this is one criterion you need to consider critically. The reason is that; you are staking your hard-earned money when trading in the market.

It if essential that you don’t increase the chances of risks at any time, and you can only do this by making use of a forex signal application that is reputable and has an excellent track record.

  • A Wide Range of Financial Instruments

The best forex trading signal app will surely offer a variety of financial instruments – not just in the Forex market alone. The app itself will provide high trading signals on currency pairs, cryptocurrencies, and commodities. It will also increase your diversification level making you earn pips all the time with fewer efforts.

 

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Our Rating

  • Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
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71% of retail investor accounts lose money when trading CFDs with this provider.

 

Final Words

There is no harm in using a Forex signals app in making the right trading decisions and to increase your level of confidence. Nevertheless, it’s advisable never to use just any signals app you find on the internet: you need to do your research or follow the points mentioned above. And above all, in Forex, don’t stop learning.

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