Best Forex Signals Providers

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Contributor, Benzinga
January 18, 2024
verified by Luke Jacobi

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If you’re based in the United States and want to find the best forex signals, you can generally distinguish between using key factors such as cost, strategy, results and frequency.

Read on for more information about forex signals and to check out Benzinga’s picks for the best free and low-cost forex signal providers. Searching for simple tools that help you make informed choices is the duty of every investor. No matter how much money you make every day or long you’ve invested, there’s always something new to learn.

Quick Look: Best Signal Providers for Forex Trading

Disclosure: 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 CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Signals Providers

Take a look at the forex signals that made the list. When reviewing each signal provider, remember that these sites often provide additional services. Choose the signal provider that seems to dovetail best with your investing style.

1. Best for MyFXBook Tracking Verification: 1000pip Builder

  • securely through 1000pipbuilder's website
    securely through 1000pipbuilder's website
    Best For:
    MyFXBook Tracking Verification

1000pip Builder is one of the best Forex signal providers available. They have a long history of providing high-quality Forex signals and have reliably performed in the most challenging market conditions. The key benefit of 1000pip Builder is that they can prove their performance with independently verified historical data. Very few Forex signals services can provide this but 1000pip Builder have such confidence in their signals that they have MyFXBook tracking their FX signals. This verification means that you too can have confidence in the signals that you will receive.


As an established Forex signals provider, 1000pip Builder has built a very loyal following over the years and are highly recommended by their members. There are numerous user and expert reviews across the internet. As well as the high performance of the signals, members are often impressed by the one-to-one support that they receive from the lead trader, Bob James. It is this additional support that has enabled members to not only benefit from the signals but also significantly improve their own trading. If you are serious about advancing your forex trading then 1000pip Builder can help.


  • Well established in the marketplace
  • One-on-one support available
  • MyFXBook tracks their signals


  • The platform’s layout may not suit every investor

2. Best for Forex Signals: TWP (Trade With Pat) VIP

  • securely through TWP VIP's website
    securely through TWP VIP's website
    Best For:
    Forex Signals

Formerly known as Forex Robot Nation VIP, the TWP (Trade With Pat) VIP program pushes aside all the current trends in the fx market and works these markets properly with the fundamentals of a full technical analysis of each asset, price action, resistance and support. This system works, and you can join the community at any time to learn more about it.

When you subscribe, you get the best forex signals from Pat’s personal trading ideas and signal room, meaning that you learn about the market as you invest. Signals come with complete markups, and anyone can join through Telegram at any time.

Plus, there’s raffles coming that will help members potentially win as they trade, up-to-date trading advice and signals that will change the shape of your portfolio.


  • Raffles help members earn more
  • Full technical analysis available for all signals
  • Community helps investors learn


  • The system may feel simplistic to some investors

3. Best for Easy-to-Use Forex Platform: Trade Nation

  • securely through Trade Nation's website
    securely through Trade Nation's website
    Best For:
    Easy-to-Use Forex Platform
    Read Review

    86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money.

While Trade Nation is traditionally considered a forex trading platform where you may also access the CFD market, you can set up your account to send alerts concerning the currency pairs and investments that you want to watch.

Trade Copier is also available! With this tool, you can look through a full community of global traders, learn from their insights and copy their trading action. This is a great tool for those without experience or a lot of free time. You get to follow the trading portfolios of those you’re most interested in, discuss these strategies on the platform and improve that much more quickly.

Available under the Seychelles, Bahamas and Australia licenses, you can use also use the Trade Copier to chat with friends, gain insight and receive the forex signals you need. You can customize your exposure to certain strategies, focusing on the experts and signals you prefer. This also means that you will not be inundated with signals you don’t want. You learn faster, execute trades more quickly and increase your chances of profiting.


  • The Signal Centre itself stands alone, providing you with unbiased information
  • You can check the platform at any time to see new alerts that might have come through


  • Remember that the Signal Centre and Trade Nation are not available to U.S. customers, meaning that you need to do your research elsewhere

4. Best for Advanced Suite of Trading Tools: ChartPrime

ChartPrime is a cutting-edge suite of trading tools that helps guide your investments to perfection. You can analyze assets, review market trends, improve your portfolio and inform yourself about the markets rather than depending on someone else for every alert or storyline. 

Each toolkit points to a different type of trader, and you can try as many of those toolkits as you like. Plus, you can create a TradingView account that connects you with the alerts and data you need. 

ChartPrime combines algorithms and a Discord community so that you can see all the information you need. Stock traders, forex traders, crypto traders and more can all benefit from using ChartPrime, with its incredible indicators, charting and automatic updates, you can get started right away.


  • You have the freedom to shift to the toolkit that’s best for you
  • You can manage your entire portfolio’s worth of alerts in one place


  • You may not want to get your data or ideas from a Discord community

5. Best for Advanced Technical Analysis: Learn 2 Trade

  • securely through Learn2Trade's website
    securely through Learn2Trade's website
    Best For:
    Advanced Technical Analysis

Learn2Trade delivers forex trading signals, real-time market news, trade ideas, market analysis, trade recommendations and more. The platform supports traders worldwide with insights on major commodities, crypto and currency pairs.

It offers 2 forex signal options: a free service and a premium subscription plan. No matter which plan you choose, Learn 2 Trade's automated technology will run advanced technical analysis on most major and minor currency pairs, along with some exotics. Once a signal has been identified, you'll be notified via the Learn 2 Trade Telegram group.


  • Quick notifications via Telegram
  • Automated technical analysis of assets
  • Covers commodities, crypto and currency pairs


  • Service is fairly basic compared to others

6. Best for Overall Forex Trading:

  • securely through's website
    securely through's website
    Best For:
    Forex Trading in and Outside the U.S.
    Read Review

    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 CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Clients of, which is arguably the best forex broker based in the United States, have free access to the broker’s Advanced Trading Platform tools, which provide trading signals you can use to enter and exit trades, such as Pivot Points.

The broker’s Autochartist tool automatically scans the forex market to highlight trade opportunities you can use as trading signals. It identifies chart patterns that occur in the markets you prefer to trade. It also gives a forecast of what could happen next based on the traditional technical analysis interpretations of those patterns. This is based on how they resolve when trigger points are reached under certain conditions. also offers a free Recognia technical analysis portal that makes it easier for you to plan trades. It displays short term trading opportunities based on pivot points, support and resistance levels and a diverse range of indicators that technical analysts use.

It gives you a clear and detailed reason why the trade makes sense and even proposes alternatives if market conditions change and displays the trading opportunities on charts in a visual manner.


  • Autochartist tool
  • Free technical analysis portal
  • Varying trading angles and alternatives


  • Untangling varying trade options could confuse novices

Best Forex Course for Beginners

Asia Forex Mentor started after Found Ezekial Chew had numerous requests from friends to learn how to trade forex. Ezekial and his team now train corporations and banks to trade forex.

You can learn from Asia Forex Mentor when you enroll in its One Core Program. It's considered among the best forex trading courses. The Road to Millions formula has turned many new traders into full-time traders.

Sign up for the Golden Eye Group to listen to Chew analyze the market each week. He covers forex pairs, stock indexes, gold, silver, oil and anything that makes money. You'll get forex technical analysis, forex news, forex charts, forex signals for the upcoming weeks.

The One Core Program is comprehensive and costs $997. The Golden Eye Group is $118 per month or $1,200 annually.

  • securely through Asia Forex Mentor's website
    securely through Asia Forex Mentor's website
    Best For:
    Forex + Crypto Courses

What are Forex Signals?

forex signal is an indicator derived from a factor or combination of factors that suggest an optimal time to buy or sell a currency pair. An example would be a technical indicator signal like a moving average crossover that can indicate a point of trend reversal which might suggest a counter-trend position.

Traders with a technical analysis background commonly use a number of forex signals in their trading. One important advantage of signal trading is that you get rid of gut feeling trading, which might get you in trouble if you make a bad market call.

Most technically-inclined traders and automated trading systems use trading signals derived from technical analysis. This allows them to objectively determine when to get in or out of currency positions based solely on observations like price action or volume.

Using signals in your own trading could significantly enhance your trading results, whether you use your own signals or rely on a forex signal provider with a proven track record.

How to Use Forex Signals

One of the most basic forex signals used by traders consists of areas on the price chart where buyers and sellers tend to converge. These are known as support levels if below the current market price and resistance levels if above the market.

Traders might use these well-defined regions to place buy limit orders ahead of support levels and sell limit orders ahead of resistance levels as part of their trading plans. They might also put their stop-loss orders below support and above resistance levels.

Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence is a market indicator that relays divergence from the market price, either demonstrating a regular divergence that indicate a price drop or a hidden divergence that indicates a continuation of the current trend. You read the MACD as two line graphs that point to the price and the divergence.

Moving Averages (MAs)

Other technical indicators based on price include moving averages (MAs). These generate a popular trading signal when a short term moving average crosses above or below a longer-term one. If the short term MA crosses above the longer term MA, then the crossover generates a buy signal. If the short term crosses below the longer term MA, then that generates a sell signal.

Bollinger Bands (BB)

Bollinger Bands were created by John Bollinger to demonstrate the moving average in the middle of the upside and downside of that average. This indicator can either open up, indicating a bullish market, or the lines can squeeze, indicating a bearish market. If the bands are rejected by the current price movement, that is a possible market entry. Meanwhile, a breakout from a current trend could indicate a possible trade.

Directional Movement Indicator (DMI)

Another indicator, the directional movement indicator (DMI), can be useful in getting a sense of whether or not prices are trending in a particular direction or not, as well as the strength of the trend if any.

Historical Volatility

The calculation of historical volatility can help you assess the risks involved in taking a trade based on past price action, which can also give you an idea of what sort of position size you should take on a risk-weighted basis. Higher historical volatility signals greater risk.


Oscillators are technical indicators often used in technical analysis to determine overbought and oversold market conditions. One of the most popular technical indicators of this type that can be used to generate forex signals is the Relative Strength Index (RSI).

Relative Strength Index (RSI)

The RSI is a bounded momentum indicator that has a range of 0 to 100, and it can signal that a possible trend reversal is likely when it moves into extreme territory.

A reversal in a rising market can be signaled when the RSI indicator is overbought above the 80 level, while a reversal in a declining market can be signaled by an oversold condition when the index falls below 20. The divergence between the price and RSI when the indicator is in extreme territory above 80 or below 20 gives an even stronger market reversal signal.

Where to Get Forex Signals

One of the easiest ways of obtaining forex signals is from a signal provider through software that scans the forex market for trading opportunities or it can be a company that provides trading signals to its clients, often via SMS text messages, Telegram messenger, WhatsApp, email or online platform notifications. Many online brokerage companies also provide trading signals to their customers.

Additionally, you can often add indicators to stock charts you are reviewing. As you review a stock, you can select the indicator you want to compare to the stock’s movement. Additionally, you can often stack indicators to compare their movements.

No matter how the trading signals you follow are generated, or if you are just focused on forex trading or also want to trade the stock market, ultimately the most important factor — and the best way to invest in a signal provider — is to find one that gives the most profitable trade signals over a given time frame.

To use a signal provider, you usually just enter orders manually based on what the signal provider suggests to you. Some providers can automatically enter signal orders for you, which can prevent the market from moving away from you between the time the signal is sent and when you get around to trading on it.

Select Your Signal Provider

The right signal provider can impact your potential for profit and influence your long-term decision making. Choose wisely among these recommendations considering your needs, budget, trading style and risk tolerance. Often, a mixture of forex signals is more powerful than living and dying by just one figure.

The more you use these signals, the better you can predict movement in the market, when to buy, when to sell and when to hold. The more indicators you review, the more informed your decisions will be. It’s easy to create a strategy when you have reliable and diverse information.

Some high-quality brokers like will provide you with trading signals as part of the services included with trading accounts. Check with your broker regarding your package before selecting a paid signal service. Review our recommended forex signal providers, register and research your currency investments in a deeper way.

Frequently Asked Questions


What do forex singals do?


Forex signals give buy and sell “calls” to the user so they can generate profit.


Are forex signals worth it?


Forex signals are worth it if you do your research and pair that information with the appropriate signals.

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About Jay and Julie Hawk

During her financial career, Julie developed world-class expertise in technical analysis, including Elliott Wave Theory, and was deeply involved in initiating research into automated trading and trading signal systems. As a member of the San Francisco Writers’ Guild, Julie regularly wrote trade strategies, educational material, market commentary, foreign exchange newsletters, reports, articles and press releases. In addition, Julie was interviewed for various financial markets magazines and news wires in her professional capacity as a forex and derivatives expert. Since retiring from working at banks, Julie has been writing and editing books and articles about financial markets for companies like Benzinga, as well as trading forex online and mentoring other traders as part of TheFXperts’ financial team.

In addition to trading stock index, forex and commodity futures and options professionally on exchange floors, Jay also has experience trading stocks and options for private investors and trading forex online for his own account. He has also developed extensive experience in performing and using fundamental economic and corporate analysis to inform his trading and investment activities. Jay is also an expert financial writer with particular expertise in reviewing online brokers and investor services.