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27 Best Forex Signal Providers

27 Best Forex Signal Providers

 

Overview

Forex signals are best described as detailed trade recommendations or ideas. The sources of the best forex signals are usually experienced traders. Scores of online entities provide forex trading signals, for a fee, or even for free.

Because a forex signal is in essence a small bundle of text-based information, one can transmit it through a variety of different channels.

 

 

Forex signal providers will deliver their “product” through live messaging, email, Skype and various dedicated apps. There are even forex signal Telegram channels out there.

The trading signal ecosystem has created fully-featured, dedicated trading environments as well. Such signal-based trading solutions allow signal providers to use interactive charts, to stream video and to monetize their activities.

In this article, we explore the 27 best Forex brokers that provide trading signals complemented by advanced trading conditions.

Here are our 10 Best Handpicked Best Forex Signal Providers.

 

 

Let’s get started with the full breakdown of the Best Forex Signal Providers:

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

Though eToro has several trading tools available to customers, crypto-trading is very helpful. Apps such as CopyTrading and CopyPortfolios render it highly efficient. For traders having the same forum for crypto and fiat trades, it can be really useful.

It is also a great platform for regular stock and Forex trading or simply investing in pre-built portfolios in different areas.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated Limited account base currencies
Advanced trading platforms Withdrawals can be slow
Low minimum deposit

Features

Feature Information
Regulation CySEC, FCA, ASIC
Minimum deposit from $50
Average spread from 0.75 pips
Commissions from No commission on stocks and ETFs
Deposit/Withdrawal Fees $5
Maximum Leverage 1:30
Bonuses $50 Welcome Offer And $50 Per Referral
Customer Support 24/5 – multilingual

 

Forex.com

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FOREX.com is one of the largest and Forex brokers in the U.S. As part of the StoneX Group, a Fortune 100 company that has been operating since 1921, FOREX.com offers the financial strength and security that all forex traders crave.

In addition to forex, the platform allows for the trade of gold, silver, and futures.

FOREX.com offers a low-cost and supportive way to start forex trading. The educational materials are excellent, you only need $50 to get started, and the mobile app is impressive too.

There’s plenty for trading pros to appreciate too, including more than 80 currency pairs, and great desktop service.

 

Pros and Cons

✔️ PROS ❌ CONS
Low Forex fees Limited asset portfolio
High number of currency pairs

Well-regulated

High stock CFD fees

Features

Feature Information
Regulation FCA, CIMA
Minimum deposit from $50
Average spread from 1 pips
Commissions from Commissions on the commission account only
Deposit/Withdrawal Fees None
Maximum Leverage Variable dependent on instrument traded
Bonuses 20% Welcome Bonus
Customer Support 24/5

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Pepperstone is favored for its outstanding trading conditions, including trading platforms offering spreads and liquidity, while the company had developed several top execution technologies that perfectly suit modern-day traders.

As an online Australian foreign exchange broker, Pepperstone specializes in forex trading and is headquartered in Melbourne, while the company also has offices in Shanghai and Dallas and offers to trade on seventy-two currency pairs, commodities, and metals.

 

Pros and Cons

✔️ PROS

No minimum deposit

Low trading fees for forex

No added costs for withdrawals or deposits

❌ CONS

A limited number of instruments

No additional research tools

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips
Commissions from ‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

IC Markets

 

Overall Rating

4.7/5

Rated #37 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC, CySEC, FSA, SCB

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IC Markets was founded in 2007 and is a broker based in Australia. This company is one of the safest as it is regulated by ASIC (the Australia Securities and Exchange Commission).

IC Markets spreads are very competitive on the commission-based accounts for forex and CFD trading.

Currently, they offer traders access to both IC Markets MT4 and MT5. You will be able to access 63 forex pairs and 41 CFDs on crypto, metals, indices and futures contracts.

 

Pros and Cons

✔️ PROS ❌ CONS
Low forex fees

Easy and fast account opening

Free deposit and withdrawal

No Negative Account Balance Protection

A limited number of available CFDs

Features

Feature Information
Regulation ASIC
Minimum deposit from $200
Average spread from 0.0 pips
Commissions from ‎None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/7

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

XM.com is known for its outstanding welcome and loyalty bonuses, it’s changeable spreads, as well as the choice of either narrow or wide leverage, allowing traders to customize their experience as much as is possible.

 

Pros and Cons

✔️ PROS ❌ CONS
Low CFD and withdrawal fees Average forex fees
Great educational tools Inactivity fees

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses $30 Trading Bonus
Customer Support 24/5

 

AxiTrader

 

Overall Rating

4.6/5

Rated #70 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, DFSA, FCA, FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

66

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Axi

 

Overview

AxiTrader is an Australian-based brokerage company. Its activity is controlled by ASIC. AxiTrader provides trading for both individuals and legal entities.

The company’s clients may trade various financial instruments such as currency pairs, futures, CFDs, stock indices, and commodities. MetaTrader 4 is used as a trading platform.

AxiTrader traders may rely on round-the-clock technical support; get low spreads, immediate order execution, as well as lack of requotes.

The company’s distinguishing characteristic is that a trader may earn interest on a deposit in Australian dollars. Besides, traders may deposit their own accounts transferring money from another broker’s account.

 

Pros and Cons

✔️ PROS ❌ CONS
No Minimum Deposit Limited research tools
MetaTrader 4 available

Features

Feature Information
Regulation ASIC, FCA, DFSA
Minimum deposit from No minimum deposit
Average spread from 1.24 pip
Commissions from  $ 7 commission charged per round
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses 20% Deposit Bonus
Customer Support 24/5

 

Markets.com

 

Overall Rating

4.7/5

Rated #199 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

📱 Trading Desk

MetaTrader 4

MetaTrader 5

Markets.com propietary platform

Crypto

Yes

📈 Total Pairs

67

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Owned and managed by Safecap, Markets.com is an online Forex and CFD trading platform which operates under a license from CySEC. It has also obtained a license to provide financial services from the South African FSB (Financial Services Board).

Markets.com is able to offer a choice of more than 2,000 tradable instruments including indices, currencies, commodity CFDs, and trade stock. It is also available in more than 15 different languages.

 

Pros and Cons

✔️ PROS ❌ CONS
Free and fast deposit and withdrawal Limited product portfolio
Easy and fast account opening

Features

Feature Information
Regulation CySEC, FCA, ASIC, FSC, FSCA
Minimum deposit from $100
Average spread from 1.9 pips
Commissions from 1%
Deposit/Withdrawal Fees None
Maximum Leverage 1:300
Bonuses $25 No Deposit Bonus
Customer Support 24/5

 

Vantage FX

 

Overall Rating

4.7/5

Rated #66 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

VFSC 

📱 Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Vantage FX is an Australian forex broker, which is regulated by the Securities and Investment Commission (ASIC) and FCA GB.

The company has strict regulatory control by ASIC and guarantees traders full transparency of all aspects of financial transactions.

Vantage FX also provides traders with the speed of execution of trade transactions. Along with ultra-low spreads and a large selection of trading instruments, the broker offers a real competitive advantage and safety.

 

Pros and Cons

✔️ PROS ❌ CONS
Well regulated

Advanced trading platforms

Has indemnity insurance

Limited range of tradable instruments

Features

Feature Information
Regulation ASIC
Minimum deposit from $200
Average spread from 1.35 pips
Commissions from ‎$3 added per side
Deposit/Withdrawal Fees 20 units of trading account base currency
Maximum Leverage 1:500
Bonuses 50% Welcome Bonus
Customer Support 24/5

 

CM Trading

 

Overall Rating

4.8/5

Rated #7 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

154

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Founded in 2013 by a group of experienced industry professionals, CM Trading is an international broker who boasts that they have everything on offer to help you “trade with confidence”.

Trading is delivered through four unique account types, each of which comes with its own distinct advantages. In addition to a number of different escalating benefit schemes, the spreads get progressively tighter.

 

Pros and Cons

✔️ PROS ❌ CONS
Well regulated Limited range of instruments
Segregated client funds
Extensive industry experience

Features

Feature Information
Regulation FSCA
Minimum deposit from $250
Average spread from 1.5 pips
Commissions from None
Deposit/Withdrawal Fees 3% and 4% respectively
Maximum Leverage 1:400
Bonuses $25 YFM Bonus
Customer Support 24/5

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXTM, also known as Forex Time is an experienced Forex brokerage with years of presence in the financial markets.

The brokerage has years of operational history and is, therefore, one of the most desirable companies to trade with. It is also a legitimate brokerage with multiple high-authority licenses and recognitions.

FXTM has also won multiple awards in the past and has legitimized its trade offerings.

 

Pros and Cons

✔️ PROS ❌ CONS
Superb customer service Inactivity and withdrawal fees
High maximum leverage Limited product portfolio
Great educational tools

Features

Feature Information
Regulation CySEC, FCA, FSCA
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission
Deposit/Withdrawal Fees $3
Maximum Leverage 1:500 on average
Bonuses $300 Trading Bonus
Customer Support 24/5

 

Admiral Markets

 

Overall Rating

4.2/5

Rated #214 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

MiFID 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Admiral Markets investment firms operating under the Admiral Markets trademark, are leading online trading service providers, offering investment services for trading with Forex and CFDs on indices, metals, energies, stocks, bonds, and cryptocurrencies.

 

Pros and Cons

✔️ PROS ❌ CONS
Segregated client accounts No fixed spread accounts
Advanced trading tools

Negative balance protection

Features

Feature Information
Regulation FCA, ASIC, CySEC
Minimum deposit from $100
Average spread from 0.6 pips
Commissions from  0.01 USD (or the equivalent in another currency) per share per side
Deposit/Withdrawal Fees 1% on e-wallets
Maximum Leverage 1:500
Bonuses 50 EUR No Deposit Bonus
Customer Support 24/5

 

LegacyFX

 

Overall Rating

4.7/5

Rated #250 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

CySEC, FCA, VFSC, NBRB

📱 Trading Desk

Meta Trader 5

Crypto

Yes

📈 Total Pairs

104

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

LegacyFX is the brand name of a Vanuatu registered company by the name of AN ALL-NEW INVESTMENTS (VA) LTD. This broker has been active since 2017. It offers a nice selection of assets and is among the rare breed of brokers that only offer the MT5 trading platform.

 

Pros and Cons

✔️ PROS ❌ CONS
Regulated Not the lowest spreads
Personal training available

No fees on deposits or withdrawals

Features

Feature Information
Regulation CySEC
Minimum deposit from $500
Average spread from 1.5 pips
Commissions from  None
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses None
Customer Support 24/5

 

 

NordFX

 

Overall Rating

4.3/5

Rated #139 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

VFSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

33

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

NordFX offers you the opportunity to open ECN accounts which means that they outsource all of their client’s orders to external liquidity providers. Given this direct connection, traders are able to get spreads that are as close to the market as possible.

 

Pros and Cons

✔️ PROS ❌ CONS
High maximum leverage

Advanced trading platforms

Low minimum deposit

Limited analytical tools

No social trading capabilities

Features

Feature Information
Regulation VFSC, CySEC
Minimum deposit from $10
Average spread from 0.0 pips
Commissions from ‎0.0035%
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses $8 No Deposit Bonus
Customer Support 24/5

 

IronFX

 

Overall Rating

4.5/5

Rated #187 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, FSCA, CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IronFX, a brand of Notesco, was founded in 2010 with the goal of creating a trading company bringing together customized trading functionality, the widest suite of trading products, the best pricing, execution and liquidity.

Regulated incomparably better than most brokerages including the ASIC, the FCA, CySEC and the FSCA, and offices in over 50 countries around the world and 30 languages spoken by customer service, IronFX has taken their product offering to a global audience.

 

Pros and Cons

✔️ PROS ❌ CONS
Low fees

Great deposit and withdrawal

User-friendly account opening

Poor customer support

Features

Feature Information
Regulation FCA
Minimum deposit from $100
Average spread from 0.3 pips
Commissions from No commissions
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 100% sharing bonus
Customer Support 24/5

GO Markets

 

Overall Rating

4.9/5

Rated #34 of
Recommended FX Brokers

💰Minimum Deposit

$200

🌐 Regulators

ASIC, CySec, FSC, FSA and SCA

📱 Trading Desk

Hybrid

Crypto

Yes

📈 Total Pairs

600

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

GO Markets – considered by many to be the first MetaTrader4 broker to open in Australia – has more than a decade of experience in this part of the world, and represents the southern hemisphere with distinction on the global trading stage.

GO Markets provides a solid collection of financial instruments available for trading, with more than 350 CFDs on Forex, Indices, Shares,  Commodities and Cryptocurrencies.

 

Pros and Cons

✔️ PROS

Low trading fees

Ultra-fast execution

Advanced analytical tools

Low minimum deposit

❌ CONS

Limited account options

Features

Feature Information
Regulation ASIC
Minimum deposit from $1
Average spread from 1.5 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses 30% Deposit Bonus
Customer Support 24/5

 

LiteForex

 

Overall Rating

4.7/5

Rated #197 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

Marshall Islands

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

LiteForex (Europe) Ltd. is registered in Cyprus (CIF) as an investment company under number HE230122, and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 and it acts in compliance with the directive on financial market instruments (MiFID).

LiteForex is a member of the European Compensation Fund for investors, allowing the company to guarantee the security and assurance of their clients’ funds (up to €20,000).

LiteForex provides traders with a choice of various account types, one for each currency trading strategy or capitalization.

 

Pros and Cons

✔️ PROS ❌ CONS
Social trading available

MetaTrader 4 and 5 are available

Multilingual customer support

Limited trading instruments

No VPS available

Features

Feature Information
Regulation Marshall Islands Business Corporation Act
Minimum deposit from $50
Average spread from 1.9 pips
Commissions from No commissions
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 100% forex deposit bonus
Customer Support 24/5

 

FxOpen

 

Overall Rating

4.8/5

Rated #30 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC 

📱 Trading Desk

No Trading Desk

Crypto

Yes