Forex Brokers and Signal Services

How can you find the broker that is right for you? Finding the best Forex broker is more difficult than it first appears if truth be told. Out of the hundreds of online trading brokers available in 2017, only a good dozen brokers are regulated and legal to invest with depending on where you reside. Never allow yourself to settle for the first Forex broker website that you come across and certainly not for the first pop-up advertisement either! Below are a few key factors to consider before you decide to invest:

  • Regulation. The enforcement of ethical trading practices and the eradication of fraudulent trading operations has become of paramount importance with regulatory agencies and governing federal authorities. Which is why I will only ever encourage traders to sign up with regulated online trading brokers and reliable investment services! To learn which brokers and services are best for you make sure to refer below!
  • Fees and Profit Potential. Why settle for overcharged trading fees with less lucrative profit potential? On average you can expect trading fees to range between $4.95 to $7.95 with investment firms such as TD Ameritrade or E-Trade but when investing with Forex brokers you can expect investment fees and profit potential to be less costly and more rewarding.
  • Reliability. Is the broker licensed, regulated and operating in compliance with one or more regulatory agencies? Make sure you search for reviews and avoid any scams.
  • Platform Features. One of the main attractions of the Forex industry would be the wide number of trading features and investment tools that Forex brokers empower their investors with. These features can range from Portfolio Building, Portfolio Advisors, Automated Account Management, Advanced Charting Integrations and much more. If you want a platform that is regulated and safe for you to use then refer to my collective list of approved Forex brokers and investment services.

Interested in Forex? My favorite Forex review site is

Best Forex Signal Services

Looking for Forex investment brokers that are atop the pinnacle and fulfill the standard of what every Forex trading broker should aspire to be? Stay safe and only create accounts with one of the leading brokers with a clean record, absence of negative reviews and one that is regulated.

Mike’s Signals Group

Price: $0 (Free Forever)

Description:  The largest and most popular signal group for binary option and Forex traders! We have over 12,000 active members and we are the fastest growing trading community for online trading! On average, our admins generate a success rate over 70% while our top performing admins oftentimes generate between 75 to 85% success rates. Read more: Open Letter to my Favorite Binary Options Trader. For more evidence of the success of our group, visit my YouTube Channel to browse our vast array for testimonials, live trading results and many comments by members of our group who are generating great profits! Interested in joining our family? Please follow the instructions on the Signals Group Registration Page.

10 Reason Why We Are The Best Online Trading Group

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Forex Signals and Software – Questions & Answers

Provided to you below are a list of some of the most commonly asked questions and answers related to Forex day-trading. All of the information provided will cover some of the most overlooked areas of discussion that are oftentimes pondered upon for investing online. Everything from the relationship between the brokers and investors, Forex signal services and brokers, how to get free demo accounts and how to make money online from home.

What are Forex signals?

Forex signals tend to be generated by investment software, service providers, charting solutions with custom alerts or online day-traders. Oftentimes these signals arrive in the form of email, SMS feeds or through live investment rooms. The information provided in the signals should share which type of investment you should execute, the recommended stop-loss, a recommended expiration period along with of course the asset to be traded.

What are the differences between indicators and signals?

Signals, as partially explained above, is quite a broad term in regards to investing and can cover two different definitions. Indicators are technical based applications and tools that an investor can add to a charting solution such as or MetaTrader4 (MT4). Another definition for an indicator would be a software-based indicator that is used to generate and signal investments. Contrary to popular belief indicators are by no means a signal telling the trader to trade a certain asset but rather an indication that an investment possibility may be present if a criterion is met.

Where can I find Free Indicators for Forex trading?

The most common place to find free indicators would be with charting solutions. Charting solutions such as:, MetaTrader 4 and MetaTrader 5. Each of these indicators offer a vast variety of technical indicators to use with their charting solution and the ability to customize indicators and signal alerts also serve as a great advantage to traders.

How can I receive Free Forex Signals?

Many of the websites that you come across will claim that you can receive free Forex signals if you sign up with their system. However, more often than not these systems will require you to complete a deposit with a Forex broker. Finding free Forex signals that are legitimate are even less likely so make sure to do your homework and contact me if you need any help finding a reliable and profitable investment path!

What is the difference between a Forex broker’s signals and independent signal providers?

Forex broker signals are signals that are offered by Forex brokers typically after a large deposit has been made. Although this practice is more common in binary options than it is with Forex due to a variety of reasons, you should still refuse the offers. Your money is always safest in your control. Never give up your control in the hopes of generating a quick buck because more often than not it won’t work out in your favor! Independent signals typically come from services providers that are operated by seasoned traders who have had high success or a team of traders that combined have years of online trading experience. When it comes down to it though you need to be responsible and careful with your money before you sign up with any signal provider.

What is the difference between Forex and Binary Options trading?

Forex, also referred to as foreign exchange, allows online traders to invest small volumes of the financial markets through a Forex broker. Now, the chief difference between Forex and Binary Options trading would be that with binary options you are trading against the broker and other investors (unless you’re using an exchange such as Nadex in the US, whereas with Forex you are trading the financial markets and not some derivative price value. Binary options offers more assets to invest with typically although most Forex brokers offer CFDs (Contracts-For-Difference) as well which allows traders to invest popular shares (stocks), commodities and indices in addition to currency pairs. The binary options industry has less liquidity than Forex but a more simplistic style of trading. Both are great methods to making money online from home as long as you trade with regulated brokers and proven signal services/software.

Can I make money online using Forex signals and generate a monthly income this way?

Absolutely! If you come into the Forex industry with an open mind and put in some hard work there is no reason why you cannot generate a monthly income through Forex day-trading. Investors of all experience levels have been taking advantage of Forex trading for the past decade and due to regulatory enforcement trading online with Forex is safer than ever before! Remember, it is up to you which brokers and service providers you ultimately start with so try to choice the best and most trusted one for your needs. I’ve received hundreds of thank you emails from my subscribers and fans for helping them make money through online trading. The profit potential is unlimited with Forex and binary options and if you use a great signal provider so can your income.

Join My Signals Group FREE!

If you have any questions or feedback to leave concerning the Forex brokers and services discussed above, I encourage you to leave a comment below. The more feedback that we have the more everyone will be able to benefit from the feedback shared! For those of you looking to learn more about investing, I invite you to browse the various educational and strategy articles made available on my site and ask any questions that you may have!

Please Read The Following Warnings Carefully

IF YOU ARE TRADING WITHIN THE USA, I do not encourage you to register with a non CFTC regulated, US Based binary options or Forex broker. It is against the law to solicit U.S. persons to buy and sell commodity options, even if they are called prediction’ contracts, unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt.

Important Risk Note: Trading binary options and Forex can generate significant benefits but also involves a risk of partial or full funds loss and should be considered by initial investors. We strongly advise that you read our terms & conditions and disclaimer page before making any investment. customers must be aware of their individual capital gain tax liability in their country of residence.

10 thoughts on “Forex Brokers and Signal Services

  1. Dragan

    Hi Michael, please tell me is it Epix Trader scam or not ?

    1. Michael Freeman Post author

      The Epix Trader for Forex is not a scam, but I’m not sure it’s still available.

  2. Vroumz STI

    Hi Mike,
    Is FX Pro any good, regulated, recommended? I really like using their CTRADER software…
    Please advise.

    1. Michael Freeman Post author

      FX Pro seems to be a regulated Forex broker, however there are too many complaints about them so I’m not able to recommend them at the moment. I will however write a thorough review so feel free to check with me in a couple of days.

  3. yanny

    hey mike i just wanted to ask u if iq options is legit

  4. Duncan MacNicol

    Mike Hi. How far with this. I have bought your Grandad’s book . Good reading actually. Spying was perhaps the wrong decision 🙂


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