- Min. Deposit
- Min. Investment
Forex or options signals are experts’ recommendations that are formed as a simple rule that trader can implement. They are a form of professional recommendations for traders who may not have the necessary skills or time to conduct the analysis of financial assets themselves. For more info on signals and signal providers in binary options, read the rest of our article below the list of best signals providers.
We have reviewed many signal providers and decided to recommend only some of them. Our readers can see all the brands we have ever tested below in the list. Only some of them are recommended. We support free services, with auto delivery if possible and most importantly, only services where we have been able to verify results.
For an ordinary investor, the question remains – how to detect trading opportunities and make money. Two basic tools are the fundamental and technical analysis. Fundamental analysis is a look at long-term determinants of growth, such as price-earnings ratio, liquidity analysis, capital structure etc… The technical analysis rests on the idea that various patterns that can be discovered in graphs tell us something about future moves of the price.
In order to understand and implement these two types of analysis, many years of experience are needed. Signals can be used as an additional piece of information during the trading process that helps traders decide on their next move. The signal includes strike price, expiry time, asset and prediction of direction in which the price could move. Traders can use signals to confirm their own prediction or to place a trade directly, by using special software.
There are several ways to deliver signals to customers
Before using any signals provider, traders must make sure they are suitable for trading. They can educate themselves about financial markets and trading risks. Some signal services are also providing suitability tests that are estimating traders’ knowledge, experience, understanding of risks and the entire trading process.
In past, it was common to pay for signal service, but as the options, forex and CFD trading industry progresses we see more and more of these services becoming free. Don’t forget that options signals do expire after a certain time while the CFD signal type usually needs to be defined through stop loss and take profit functions of the platform. Signals can also be delivered trough notifications, SMS, e-mails and trough direct signals software.
Signals can be created on the basis of both – technical and fundamental analysis. Algo trading usually uses some sort of indicators and various trend line strategies since these are the easiest rules for the computer to understand. There are many financial indicators that are used by both traders and algorithmic trading. Some of the most popular are:
Traders can do this themselves when they master the market analysis, however, it does not mean they cannot profit from signals even in the case they are experts themselves. Signals can help traders who know how to trade well, expand their portfolio by increasing the overall number of trades trader can place. The trader can only analyze so many opportunities himself so signals can be helpful to cover more ground.
Binary options signals providers are vigilant in terms of providing a number of different types of these signals. Signals can be based on almost all of the types of the underlying assets which are widely available for carrying out the binary trade including forex, indices and a number of commodities.
It is imperative that binary options signals and options should be categorized or classified in lines to the varying types of assets specified above. It is recommended that binary options signals should be brought to use or utilized in accordance with the type of asset you are interested in. For example, if a trader has opted for the stocks, then using Apple, Microsoft, Pepsi and many more can be termed to be the most appropriate and applicable choices for the trader.
There are push signals and act signals. With push signals, traders get a notification – these are usually signals that need to be acted upon in that exact moment. With other binary options signal types, traders need to wait for the price to reach the level that was indicated and then act upon the instructions.
Naturally, both of these have pros and cons. Push signals have a problem that one must see it in order to capitalize on it immediately. However, they can be more reliable. The second type is better because traders can miss it at first as long as they do not miss the level. However, since they have to wait for the level, it is natural that the waiting may be a problem and many variables may change the level of price needed to trade is reached.
One of the most important facets in the binary trading world is to select the most experienced and professional binary options signals service provider in the industry. According to the most recent statistics, signal services mostly manage to reach win rates of over 65%. Some binary options auto trading software solutions are trying to implement algorithmic trading, but experts that are coming from financial institutions are still proving to be a better choice in binary options. Learn more about binary trading signals.
At the moment, the best signal service, which is actually also a trading bot is the Binary Options Robot. While we understand that they are not a strict signal provider, but understanding that the cost is zero and that manual trading is also possible with some added portfolio features, it was expected to consider it a signal provider. Fair Binary Options tries always to review the best in the industry. This year the Binary Options Robot swept two FBO Awards and managed to become the Best Auto & Signals 2015. This is why they can be considered to be the recommended service for this year.
This signal service is one that will cost customers money – $99.00 / month. They are a professional signal provider focusing heavily on mobile. A 7 Day trial will set you back only USD 9.99. They claim that one can get up to 500% returns in one week. We found rates not to be that high, however. In comparison, Binary Options Robot provides much more legit numbers on their website.
They have a complex system of asset monitoring, pre-report release trading, trend watching, modeling asset moves and more. When the analysis is done they generate SMS signals they send to their customers. It costs from $25 to $97 per month.
Pip365 is the premium signals service created by some of the best traders in binary options. They have a free version and all traders need to do is sign up with their account to a broker. Performance is excellent and they won the Best Signals at the 2014 FBO Awards.
Also, charge their service – USD 97.00 per month. Trial period costs $14.00 and it lasts longer than with Quantum Binary Signals. The return rates are set at 72% which is plausible and changes with time. As always, one must warn traders that past returns are not a guarantee of future gains. They also offer a 60-day money back guarantee and deliver their signals via e-mail and SMS.
Is an indicator based service. They mostly use MACD and probability of risk distributions for their algorithm. Return rates are shown to be over 70%. They also have a 90 day free test period after which they charge from $297 up to $4997 per month for their signals. They claim the system makes up to 100 positions a day for the Silver account and up to 500 for the gold account. We are not sure what does “unlimited” positions for the VIP account mean, but the cost is substantial.
Binary Options Vic is a trade copier – meaning they have a way to push signals into the trading interface in a very simple way. They use the SignalPush Trade Copier for that. Binary Options Vic has several payment plans – from $49 for the “Learn as you go” to $199 per month for the Premium account.
Signal push is a software that integrates various signal providers and binary options brokers in order to offer one of the widest selections of binary signals out there. However, the trial and fail system here will not work unless you have a load of money. Signal push publishes success rates with any provider but note that the future return guarantee does not exist. They work with a bit confusing credits system and there is an opportunity to get one month for free.