Best Forex Trading Signal Providers of 2023

By: Jitan Solanki
Reviewed By: FX Empire Editorial Board
Updated: Nov 6, 2023
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Trading signals can be an excellent way to identify new opportunities in the market and to help build more confidence if you are a beginner. Some signals are created by professional traders who share trading ideas with their followers. Other signals are created by algorithms scanning the market for different technical analysis price action patterns.

It can be difficult to determine the best forex trading signal providers yourself, as there is a multitude of options available. Below, our team of experts has identified and shared the best, regulated, and trustworthy brokers, offering high-quality forex trading signals that are well worth exploring.

List of Top Brokers with Forex Trading Signals

Best brokers for US traders

  • IG US – Best Overall in the US
    Forex trading signals from Autochartist and PIA-First. Free signals easily accessible from the IG Trading platform. Trade forex signals on 15-minute to daily charts. Trade with forex leverage up to 1:50.

Best brokers for international traders

  • IG – Best Overall
    17,000+ tradable instruments. IG WebTrader, MT4, ProRealTime, L2 Dealer platforms. Free IG trading signals on forex, indices, and commodities. Extensive market research and educational resources.
  • FP Markets – Best Trading Tools
    Professional copy trade service from Signal Start. Trading signals from MetaTrader Marketplace. Trading Central and Autochartist research and signals. Traders Toolbox for additional MT4/MT5 indicators
  • BDSwiss – Best for Beginners
    Real-time trade alerts from a professional trader via Telegram. Automated trading signals from Autochartist. Trade from MT4, MT5, BDSwiss Web Trader, and Mobile App. Selection of educational videos, articles, and guides
  • Vantage – Best Low Spreads
    MT4 Trading Signals directly from the MT4 platform. Have signals automatically copied onto the MT4 account. Competitive trading fees across multiple asset classes. Test MT4 trading signals with a free demo account.
  • AvaTrade – Best for Professional Traders
    Signal providers from FCA-regulated Pelican Trading app. Have signals automatically copied onto your own account. Interact with signal providers through AvaSocial app. Become a signal provider yourself to earn more.

How did FXEmpire select the Best Forex Brokers with Forex Trading Signal services?

  • We ensured each broker scored above 4+ in our 250 data point broker rating review.
  • We confirmed each broker offers entities that are authorized and licensed by a reputable financial regulator.
  • We checked each broker offers access to high-quality forex trading signals.
  • We researched the brokers’ trading signals to ensure they cover a wide range of financial instruments.
  • We checked each broker offers copy trading to follow the signals in an easy way through different trading platforms and/or apps.
  • We researched the live spread of different instruments for each broker by opening a live account to check their competitiveness.
  • We tested the brokers’ customer support methods to ensure you can access good quality assistance whenever you need it.

Our team of experts has identified brokers’ strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s explore the selected brokers.

Best Overall


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 1974, IG is a publicly listed company on the London Stock Exchange. There are more than 17,000+ tradable instruments from a range of world-class beginner and advanced trading platforms. With free forex, indices and commodities signals from Autochartist and PIA-First IG is our best overall broker for trading signals.

Key Broker Features:

  • Regulation & Max. Leverage: FCA (1:30), ASIC (1:30), FINMA (1:200), MAS (1:20), BaFin (1:30), DFSA (1:50), FSA Japan (1:20)
  • Trading Signal Provider: Autochartist & PIA-First
  • Trading Signal Fee: Zero
  • Tradable Assets: Forex, Indices, Commodities
  • Frequency of Trading Signals: Every 15 minutes, depending on the market conditions
  • Platform: IG Trading, MT4, ProRealTime, L2 Dealer

IG is our best overall broker for good reason. There are more than 17,000+ tradable instruments covering forex, stocks, indices, commodities, ETFs, bonds, and options that can be traded on margin using spread betting or CFD trading accounts, as well as several investing accounts too. While there are several excellent trading platforms available, IG’s trading signals are only available through its IG Trading web platform and mobile trading app.

I found you can access the Signals section easily on the web and mobile trading app. Searching through the list of trading signals is quick and you can trade the signal, or copy the trade, at the click of a button. IG’s signals are provided by two third-party providers called Autochartist and PIA-First. Autochartist provides real-time, automated technical analysis patterns to trade on, while PIA-First provides trading signals from two human traders with over 45 years of experience.

IG’s trading signals are limited to forex, indices, and commodities but offer a good range of timeframes to trade them on. During our live fee test, I found the spread for EUR/USD during the most active trading times in the London and New York sessions averaged 0.75 pips which is better than the industry average of 1.0 pips for a commission-free trading account.

  • 17,000+ tradable instruments
  • Free forex, indices, commodity trading signals
  • Multiple trading platforms
  • Commission-free trading
  • Range of markets and platforms may overwhelm some beginners

Best Trading Tools

This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2005, FP Markets provides an excellent range of financial trading products which include trading signals from professional signal service provider Signal Start. With more than 850+ tradable instruments, 3 different trading platforms, and ECN pricing FP Markets is a top broker to consider.

Key Broker Features:

  • Regulations & Max. Leverage: ASIC (1:30), CySEC (1:30), FSCA (1:500), Unregulated SVG entity (1:500)
  • Trading Signal Provider: Signal Start
  • Trading Signal Fee: $25 per month subscription fee + monthly fee from the signal provider
  • Tradable Assets: Forex, Commodities
  • Frequency of Trading Signals: Varies depending on the signal provider
  • Platforms: MT4, MT5

During our live test, I discovered that FP Markets offers trading signals through a third-party company called Signal Start. To access the list of professional signal providers in Signal Start – as well as advanced analytics and a breakdown of performance – a monthly subscription fee of $25 is required. Additionally, each signal provider charges their own monthly subscription fee, ranging between $30 and $100.

There are not many signal providers from before 2021, so I would advise sticking with those that have an established, lengthy track record. For those considering newer signal providers, it's wise to start with a smaller capital investment, given that demo accounts are not an option. The Signal Start technology enables trades to be copied directly into your MT4 or MT5 trading account with FP Markets, provided your price is within a 3-pip range of the signal provider's price. FP Markets provides an excellent range of additional trading tools such as trading signals from Autochartist and Trading Central. Autochartist provides real-time technical analysis patterns developing in the market, while Trading Central provides good fundamental trading ideas from its research team. From our live fee test, I found the spread for EUR/USD on the commission-free Standard Account averaged 1.1 pips, closely aligning with the industry average of 1.0 pips.
  • Professional signal service provider.
  • Multiple traders to choose and copy from.
  • Advanced performance analytics.
  • Easy to get started.
  • No demo account for trading signals from Signal Start.

Best for Beginners

This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 2012, BDSwiss offers an excellent way for beginner traders to access trading signals via the broker’s real-time daily trade alerts in Telegram. Alerts are provided by a real trader with experience in managing a €450 million forex fund and can be a great way for beginner traders to improve their knowledge.

Key Broker Features:

  • Regulations & Max. Leverage: FSC Mauritius (1:500), FSA Seychelles (1:500)
  • Trading Signal Provider: BDSwiss’s Professional Trader & Market Analyst
  • Trading Signal Fee: Zero for VIP and Raw account holders
  • Tradable Assets: Forex, Indices
  • Frequency of Trading Signals: 1 – 4 per day
  • Platforms: MT4, MT5

During our live test, I found that BDSwiss offers real-time, daily trading alerts through its Telegram channel for VIP and Raw Account holders for free. These trade alerts come directly from BDSwiss' current Professional Trader and Market Analyst. The trade alerts and signals are effectively short technical analysis posts and do not come with entry, stop loss, and take profit levels.

However, beginner traders can get started easily from the Cent account – one of the five account types BDSwiss offers. It allows you to trade with zero commission and requires a low minimum deposit of $10. Although BDSwiss doesn't provide a direct copy trading feature for signal following, there is a wide range of excellent educational materials in their academy that can help you follow the trade alerts from their Telegram channel.

  • Multiple account types, including demo.
  • Low minimum deposit.
  • Commission-free trading.
  • Wide range of educational materials.
  • No copy trading service to automatically follow trade alerts.

Best Low Spreads

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2009, Vantage provides convenient access to MT4 Trading Signals, featuring a selection of more than 3,200 traders to copy from. These trades can be copied onto any of the Vantage trading accounts, which offer low spreads and both commission-free and commission-based trading options.

Key Broker Features:

  • Regulations & Max. Leverage: ASIC (1:30), FSCA (1:500), CIMA (1:500), VFSC (1:500)
  • Trading Signal Provider: MT4 Trading Signals
  • Trading Signal Fee: Set by signal provider, ranges from 0 USD to 5,000 USD per month
  • Tradable Assets: Forex, Indices, Commodities
  • Frequency of Trading Signals: Varies depending on the signal provider
  • Platform: MT4

The MT4 trading platform from MetaQuotes is widely regarded as the industry standard for forex trading. Within the MT4 desktop interface, there is a ‘Signals’ tab in the Terminal window. Here, you can browse the performance and copy trades from an extensive list of over 3,200 signal providers. The platform offers detailed statistics for each system to help you find the most suitable option. Search filters such as maximum drawdown, winning trades, number of subscribers, and total funds are also available to narrow down your choices.

During our live test, I confirmed that signals from any of these providers can be copied onto either the Standard or Raw Accounts. Additionally, our live fee assessment showed that the spread for EUR/USD on the commission-free Standard Account averaged 1.3 pips during the London and New York trading sessions, aligning closely with the industry average of 1.0 pips.

  • 3,200+ signal providers to choose from.
  • Multiple account types are available.
  • Copy trades automatically in MT4.
  • Some free and low-priced signal providers.
  • Some signal providers have very high monthly fees.

Best for Professional Traders

71% of retail investor accounts lose money when trading CFDs with this provider
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 2006, AvaTrade provides an excellent range of products for professional traders. The AvaSocial app allows you to follow, interact, and copy trades of professional traders across all asset classes, as well as trade on more than 1,250+ instruments on your own account commission-free, making it a broker worth considering.

Key Broker Features:

  • Regulations & Max. Leverage: CySEC (1:30), CBI (1:30), ASIC (1:30), FSC BVI (1:500), FSCA (1:400), FSRA (1:400), ISA (1:30), FSA Japan (1:25)
  • Trading Signal Provider: Pelican Trading
  • Trading Signal Fee: Performance fee set by signal provider, 0% to 50%
  • Tradable Assets: Forex, Indices, Commodities, Stocks
  • Frequency of Trading Signals: Varies depending on the signal provider
  • Platform: AvaSocial app linked to MT4 account

The AvaSocial app is a partnership with FCA-regulated investment firm Pelican Trading. I found the app easy to download for both Android and iOS devices. Setting up a social account and linking it to your AvaTrade MT4 account is also straightforward. Once the account is funded, you're free to choose from thousands of signal providers available on the app.

During our live test, I observed that the app allows for a high degree of customization when it comes to auto-copying. You can set parameters such as stake size and total risk size, both as percentages of your equity as well as the total cash amount you're willing to risk. There's also a feature, enabled by default, that copies existing open trades if they are within 10 pips of the entry price and were placed within the last 10 minutes.

The app's level of customization is particularly advantageous for professional traders seeking greater control over risk management. I also found that most signal providers on the platform offer advice on what best suits their systems. Plus, the app's social function allows for direct communication with these providers for further insights.

  • Pelican Trading FCA regulated.
  • Auto copying of trades.
  • Choose your own risk levels.
  • Multiple asset classes for trading signals.
  • Performance fees can be high for some signal providers (but some are also free).

Best Overall in the US

74% of retail CFD accounts lose money
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 1974, the IG Group expanded into the U.S. market with the launch of IG US in 2019, offering margin-based currency trading to American citizens. The platform also provides an impressive range of technical analysis and fundamental analysis-based trading signals from Autochartist and PIA-First.

Key Broker Features:

  • Regulations & Max. Leverage: CFTC and NFA Member (1:50)
  • Trading Signal Provider: Autochartist & PIA-First
  • Trading Signal Fee: Zero
  • Tradable Assets: Forex
  • Frequency of Trading Signals: Every 15 minutes, depending on the market conditions
  • Platform: IG Trading

During our live test, I found that IG US provides free trading signals from two third-party signal providers. Autochartist, established in 2004, is a market leader in delivering automated technical analysis ideas, covering all the currency pairs offered by IG across various timeframes, from 15-minute to daily charts. PIA-First provides trading signals from two market professionals who manually offer trading ideas.

The combination of automated and human-based trading signals can be an excellent way to trade the forex market with confidence. All these signals are readily accessible via the IG Trading platform, whether you're using the web interface or the mobile app. The signals are not automatically copied onto your account as IG US is an execution-only broker, but you can activate a signal you are happy with at the click of a button.

  • Major, minor, exotic, and emerging forex pairs.
  • High leverage (up to 1:50).
  • Automated and human-based trading signals.
  • Easy to use IG Trading platform.
  • No automated function to copy trades.

How to Choose the Best Forex Broker with Trading Signals?

Below are a few things to take into consideration when choosing the best forex broker with trading signals to partner with.

1. Choose a safe, well-regulated broker

Choosing a regulated forex broker is essential for ensuring the safety of your funds and reliable trade execution. Unregulated brokers could expose you to various risks, including conflicts of interest, poor trading execution, and the loss of your trading funds.

However, not all financial regulators are created equal. Here is a brief overview of the three tiers of financial regulators we use to evaluate brokers:

  • Tier-1 regulators operate within well-established financial jurisdictions and have a proven track record of protecting investors. Examples of Tier-1 regulators include the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Commodity Futures Trading Commission (CFTC).
  • Tier-2 regulators are based in less recognized financial jurisdictions but still maintain high standards. Examples of Tier-2 regulators include the Dubai Financial Services Authority (DFSA) and the Financial Sector Conduct Authority (FSCA) of South Africa.
  • Tier-3 regulators are commonly associated with offshore-based nations and may not have the same level of oversight as Tier-1 or Tier-2 regulators. Examples of Tier-3 regulators include the Financial Services Commission Belize (FSC Belize) and the Seychelles Financial Services Authority (SFSA).
  • In addition to regulated brokers, there are also unregulated brokers. These brokers are not subject to the same level of oversight as regulated brokers and may pose a greater risk to your funds. From my own experience, it is best to avoid unregulated brokers, as there is no legal recourse if they act fraudulently with your capital.

You can check the regulatory status of a forex broker by visiting the website of the relevant regulator and searching their online register. You should also review the terms and conditions of the broker before opening a trading account.

Tier-1 regulators such as the UK FCA and CySEC offer the highest level of investor protection. They make it a legal requirement for brokers to offer a negative balance protection policy so your account does not go below zero, to have client funds segregated from company funds, and to be part of a compensation scheme to cover your funds up to a certain amount in case the broker becomes insolvent.

Check out our comprehensive guide on the best regulated forex brokers.

2. Check the trading and signal provider fees

There are a variety of broker-related trading fees to be aware of, including:

  • Spreads: The spread is the difference between the bid and ask price. You want the spread to be as low as possible. See our guides for the best lowest spread and best zero spread forex brokers.
  • Commissions: This is a charge to buy and sell. Some brokers will offer accounts both with and without commissions.
  • Swap fees: Swap fees are charged when you hold a position overnight and vary depending on the interest rate and broker markup.
  • Inactivity fees: Some brokers charge inactivity fees if no activity has taken place on your account for a certain number of months.
  • Deposit and withdrawal fees: Some brokers charge fees for depositing and withdrawing funds.

When choosing a signal provider to trade with, there are other fees to take into consideration, including:

  • Monthly subscription fee. Some signal providers will charge a monthly subscription fee to follow their trades and have them automatically copied onto your own account.
  • Performance fee. Some signal providers will charge a performance fee as a percentage of profits made.

Some brokers and signal providers offer free trading signals for you to explore. Providers who generate income based on performance are likely to be more motivated to deliver strong results as if they don’t perform well, they won’t earn.

3. Choose the right account type

Most brokers offer a variety of different trading accounts that can be generally separated by the fee structure. Some trading accounts offer zero commission with higher spreads, and some offer lower spreads but with a commission to pay.

When following a trading signal provider, it’s crucial to understand the type of account they’re using to generate the results you see. After all, if their results are based on a commission-free account, then if you choose to trade on a commission-based account, the commissions will eat away the profit, and your results will be very different.

Some copy trading apps allow you to interact with the signal provider so this is an excellent way to ask questions to see what best suits their system (usually, they also write it in their profile to make it easier for you to follow them).

If you are using a signal provider that requires you to execute trades manually, then it’s beneficial to use a broker’s demo account first to see what fee structure will suit you best. Explore forex brokers with the best forex trading demo account offering in our guide.

4. Use the right trading leverage

Leverage is a tool that can magnify both profits and losses. It allows traders to control a larger position with a smaller deposit. For example, with leverage of 1:30, a trader can control a position worth $30,000 with a deposit of just $1,000.

However, it is important to note that leverage also increases risk. If the market moves against the trader, they could lose more money than they initially deposited. For this reason, it is important to use leverage wisely and to understand the risks involved.

Tier-1 regulators, such as the UK FCA, CySEC, CFTC, and others, restrict leverage for retail traders to protect them from excessive risk. These regulators typically set a maximum leverage of 1:30 for forex trading or 1:50 if based in the US.

Offshore and unregulated brokers often provide access to higher leverage levels. However, these brokers may not be as safe or reliable as regulated brokers. It is important to do your research before choosing a broker and to avoid brokers who offer excessive leverage. You can check out FX Empire’s carefully selected list of the best forex brokers with high leverage.

When following a trading signal provider, it is also important to identify what leverage they have used to achieve the results that you see. If they’re trading on an account with high leverage and you opt for an account with lower leverage, you won’t have sufficient trading capital to replicate all of the provider’s trades, leading to very different performance outcomes.

Ask the signal provider what leverage they use through the social trading function if the copy trading app has one to get similar results.

5. Test the trading platform or app

It is important to test the ease of use of the trading platform and app used to receive trading signals. Most brokers will use the MT4 trading platform as a basis to send trading signals or to have them copied. For example, the trading signals provided by FP Markets, AvaTrade, and Vantage all use an MT4 trading account to have trades copied onto it – even though you don’t even need to access MT4 to do so.

Brokers that offer signals from third-party providers such as Autochartist may provide a website for you to access the signals, an MT4 plugin, or have them embedded into their own proprietary trading platform like IG US does.

The most important aspect is to make sure you can access forex signals with ease and have them copied onto your own automatically or at least be able to execute a trade yourself as quickly as possible.

If you are new to trading, check the broker’s educational materials, as they may have platform tutorial guides and videos that can help you. You can also read more about the platform in our detailed guide on the best MT4 forex brokers.

What to avoid when choosing a forex broker with trading signals?

When choosing a forex broker offering trading signals, it is important to do your research and avoid brokers that exhibit any of the following red flags:

  • Claims of high returns: There are no guaranteed results in trading the market. If a broker advertises this, then they are most likely unregulated and a scam that you should avoid.
  • Not enough performance data: Make sure the signal providers have long track records – the longer, the better. If a broker only shows systems that have generated returns over a short period of time, they may be disguising the longer-term providers who eventually went bust, which is another red flag.
  • Lack of transparency: If a broker is not transparent regarding its trading, non-trading, and signal provider fees, it is a major red flag, and you should avoid them.
  • No physical presence: If a broker does not have an office in a well-established jurisdiction and no way to contact them through live customer support, it is a major red flag that you should avoid.

We’ve also compiled a comprehensive list of reliable brokers by jurisdiction here, to help you navigate the complex world of forex trading safely.

How to avoid forex and CFD trading signal scams?

Offering high-reward trading signals is an easy way for scammers to lure people in. Scam brokers are a major problem in the industry, and they can easily take advantage of new traders.

There are a few things you can do to avoid such scams, including:

  • Verify the broker’s license and regulation: Always make sure that your broker is regulated by a reputable financial authority and is based in a well-established jurisdiction.
  • Check the broker’s physical address: Check your broker has a physical address in a reputable country. Make sure you can contact them when needed and that there is a large team of employees working in the business.
  • Conduct a reputation search: You can search for your broker in Google and use the ‘News’ function to check there are no news reports of issues relating to your broker.
  • Use well-known payment methods: If a broker provides payment options you have never heard of, it is a red flag. Stick to well-known deposit methods to safeguard your transactions.
  • Read the terms and conditions: Always read and understand the terms and conditions provided by the broker before opening an account with them.

By following these steps, you are more likely to protect yourself from falling victim to a scam crypto broker.

Our Methodology

For more than a decade, FX Empire has been the prominent source of broker evaluations. Our review procedures have undergone continuous enhancements throughout the years, encompassing over 250 research data points, covering nine core categories:

  • Trustworthiness: We examine the broker’s regulatory status, reputation, and license to operate within different jurisdictions.
  • Fees: We open live trading accounts and test the broker’s trading fees to identify how transparent and competitive they are.
  • Trading platform and tools: We test the broker’s trading platforms and tools on offer for how user-friendly they are and the number of features they provide.
  • Tradable instruments: We research the number of tradable instruments available across the broker’s trading accounts to check how diverse their offering is.
  • Customer support: We test how easy it is to access customer support and the level of the representatives’ knowledge.
  • Payment methods: We explored all of the different deposit and withdrawal methods, including the processing times and fees associated with each one.
  • Account types: We evaluate the broker’s account types to check their features, such as the type of execution method, minimum deposits, and general account features.
  • Research and education: We assess the depth and quality of market research and education materials offered by the broker.

We detail all of these findings for you to read in our comprehensive broker rating reviews. For this guide, we’ve built upon these findings and introduced additional criteria to identify the top forex trading signal providers for this year.

  • We checked the broker provides high-quality forex trading signals.
  • We ensured there are low barriers to accessing the forex signals.
  • We tested for the ability to copy signals automatically through copy trading.
  • We researched any fees associated with trading signals for full transparency.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan Blystoneauthor

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan Solankiauthor

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen Stoyanovauthor

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir Zernovauthor

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Forex trading signals are trading ideas and setups that are either sent to you to trade on or are automatically copied onto your account.
Forex trading signals work by either a human trader or an algorithm identifying a potential trading opportunity. The parameters for this trade, such as the currency pair, entry, stop loss, and take profit levels, are then sent to the trader to execute manually or automatically copied onto the trader's account.
Forex trading signals can be reliable, but there are also some that are not. As with any form of investing, there will be wins and losses, and nothing is guaranteed.
Brokers such as FP Markets, BDSwiss, Vantage, AvaTrade, and IG US provide access to trading signals.
The cost of forex trading signals varies depending on the provider. Sometimes they are free, and sometimes, there is a monthly subscription fee or a performance fee.
Always trade with a regulated broker in a well-established jurisdiction and make sure they have a long track record of providing high-quality forex trading signals.
Forex trading signals are great for beginners to build confidence in trading the market and also to understand the ideas behind a potential trading setup.
Manual trading signals are sent to a trader to manually execute the trade. Automated trading signals are automatically copied onto your trading account.
The frequency of forex trading signals varies depending on the provider. A human trader may send signals multiple times a day, a week, or a month. An automated technical analysis signal software may provide ideas every 15 minutes of the day, 24 hours a day.
Trading signals are sent to the trader or can be viewed on a trading signal web page for the trader to decide if they manually want to execute a trade based on the parameters given. Copy trading is where the trading signal is automatically copied onto the trader’s account.
Yes, there are forex brokers that offer both trading signals and copy trading, such as FP Markets, Vantage, and AvaTrade.
Some platforms, like copy trading platforms, already offer performance details for signal providers. However, when it comes to manual trading signals, performance data is only available if the provider shares it with you or if you maintain your own records to build a historical performance track record.
No, there are no guaranteed profits in forex trading.
A VPS is not necessary for forex trading signals. However, if you want a signal provider to have their trades copied onto your account 24 hours a day, then a VPS can be useful for this.
Negative balance protection is a policy in which a trader’s account cannot go below zero in the event of an adverse move in the market.
You can check the broker’s terms and conditions document. If it is not stated, they do not offer it. Tier-1 regulated brokers under the UK FCA, CySEC, and ASIC must offer this to retail clients as a legal requirement.
A compensation scheme protects investor capital up to a certain amount in the event a broker becomes insolvent.
You can check the broker’s terms and conditions document. If it is not stated, they do not offer it. Tier-1 regulated brokers under the UK FCA and CySEC must offer this protection to retail clients as a legal requirement.
A segregated fund is where client funds are held separately from company funds.
You can check the broker’s terms and conditions document. If it is not stated, they do not offer it. Tier-1 regulated brokers under the UK FCA, CySEC, and ASIC must offer this to retail clients as a legal requirement.

About the Author

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

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