Signal2Forex is the vendor of automated trading software for MT4 that claims to have more than 10 years experience in trading, researching and developing forex trading software (advisor, indicators, utilities). Signal2Forex offers different brands of EAs (12), indicators (1) and free robots to download (10). They believe that they can ”help you to find your own profit place in forex money flow.”
Now, most financially unsophisticated people will find the above statement quite appealing. Our review lets you know whether Signal2Forex is legit or a scam.
Note: These trading products can be of help if you’re an MT4 trading platform user.
The company behind this trading system is known as ”Unitrading” Ltd and they are located at 210015, Belarus, Vitebsk, Leningradskaya str., 34, office 9a. Their Whatsapp number is +79065178835. Their website, signal2forex.com, was created in December 2017.
Apart from this information, nothing else is known about the company and their trading history in the Forex market place.
While the website is trying very much to give enough information about their products, their webpage is rife with bad English. This makes it quite difficult for their explanation to come out clearly.
This team believes that Forex robots trade better than humans because of fatigue, fear, inattention, inaccuracy and greed that we encounter in manual trading.
According to them, Forex trading robots earn more often than traders because:
- The Advisor trades whole day, that is, uses all the opportunities for trading without exception.
- Forex expert works much faster than a person. Therefore, it concludes deals at the most optimal price (without losing profit points).
- An automatic expert, unlike a person, can trade in high-frequency and high-precision strategies, which bring significantly more than classic trading systems.
- The trading expert is not afraid of the psychological burden, which, as practice shows, reduces the profitability of trade of an average person.
Signal2Forex provides description for each of their expert advisors. Most of the Forex robots work based on indicator. You will see setup description and indicator that works on each robot page. It is important that you get conversant with each indicator before using any of their robots. The algorithm of these indicators are integrated into their EA trading strategy invention. They said that these algorithms make their Forex robots trade like a professional trader.
The price for their series of EA ranges from $37-$249. The EAs trade on multiple Forex pairs including AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, CADJPY, EURAUD, EURCAD, EURGBP, EURUSD, GBPUSD, NZDUSD, USDCHF, USDJPY. Time frame ranges form M5-H1.
It is commendable that Signal2Forex provides a verified trading result for each of their EAs, but most of these accounts have stopped trading for a couples month ago.
This means that this vendor is not trading with any of their robots currently.
The most recent trading account is a client account. Unfortunately, this account is not doing very well with most of the equity in negative side.
The account is hosted on ICMarket platform with a deposit of $1790.82. This account have placed 2644 trades. Total gain is -58.11% and drawdown is as high as 94%. This means that this trader have burnt about 94% of his account equity during this trading period. Average trade duration of this account is 8days and the last trade date is 29 May.
We know that different clients use different specifications and adjustments, but as it stands now, this is the only updated account to reckon with. We might not have an active account of signal2Forex if this client account eventually crashes to zero and the vendor fails to update their account.
Signals2Forex should update their trading performance as soon as possible for us to compare this client account.
We would never recommend a trading product that is not currently in use by the vendor. Not at all, an EA with potentials to crash an account.
For us, we’ll only recommend Signal2Forex if we confirm that this client account poor performance is due to some personal adjustments and not originating from the core algorithm. Signal2Forex team has to do something asap.
Thanks for reading our Signal2Forex review.