What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
Signal2Forex states on its website that it provides Forex robots that are engineered to automatically trade the Forex market for clients. They are all said to be compatible with the MetaTrader 4 trading platform.
How Signal2Fore works
“Our Forex advisors (Forex robots for automated trading) based on different indicator signals”, this is how the strategy their products use explained. They mention that it is also “correlated by difficult methods with each other”.
There are 13 different robots up for sale on the page and it is said that each of the products have detailed description in their “store” as well as “videos, screenshots, profit and drawdown statistics”.
However, we also found that this website seems to act as an introducing broker to the Pepperstone brokerage. Clients are advised to open a broker account with this broker that they “recommend”. Then they “recommend” again that clients get the Forex VPS Provider “to ensure the 24-hour operation of the MetaTrader 4”.
This is a fishy discovery as it makes it look like Signal2Forex is more interested in getting customers for the two firms above than sell their own products.
Pricing Structure
The prices of EAs offered by this vendor ranges from $37 to $249 but some are said to be free if clients complete the process of joining the Pepperstone broker and acquire the Forex VPS Provider.
Clients Feedback
We could not find reviews online regarding the products offered by the vendor and leads us to conclude that it is not popular. Results that are offered as proofs are mainly screenshots but traders can check out their account on Myfxbook.
Support
To contact the customer care representative of this vendor, use the following mediums: WhatsApp: +7 906 517-88-35 and Skype: Signal2forex
Conclusion
Generally, we are not satisfied with our findings on Signal2Forex and we hope the vendor can give more in future. It has a result of a third party website but this is not encouraging as it seems recent. Clients reviews are also not available.
Lastly, it looks like a front whose main business is getting customers for other businesses.