While countless signal providers offer Forex signals daily, quality varies. A standout option is Telegram, which has become the most popular app for active trading communities and trading signals.
Below is a guide to finding the best Forex signals Telegram channels, tips on avoiding scammers, and a list of the best Forex brokers for signals.
- FXTM, Best all-around broker with high floating leverage and fast execution.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Pepperstone, Great ECN execution on MT4 platform.
FXTM
In Summary Best all-around broker with high floating leverage and fast executionFXTM is an ideal Forex broker for using free Forex signals Telegram providers, as it offers ultra-low trading fees, directly impacting profitability. Traders get the MT4/MT5 trading platforms and the proprietary mobile app FXTM Trader. Should the best Forex signals Telegram channels not suffice, FXTM has its copy trading service, FXTM Invest, which complements the embedded MT4/MT5 options. FXTM also offers demo accounts, allowing traders to test their signal providers. The Micro account has a minimum deposit of only $10, making it an ideal demo account substitution and an excellent account type to evaluate free Forex signals Telegram providers.
Pros & Cons
- Excellent commission-based Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
- No cryptocurrencies and limited choice of commodities
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsAvaTrade is a good choice for free Forex signals for Telegram traders preferring a reasonable commission-free cost structure. It ranks among the most trusted brokers and complies with nine regulators. Besides the MT4 and MT5 trading platforms, free Forex signals Telegram users can trade on the user-friendly web based AvaTrade WebTrader or opt for the mobile app, AvaTradeGO. The proprietary copy treading service Ava Social provides a genuine alternative, and traders may also use the embedded MT4/MT5 copy trading services or third-party provider DupliTrade. The MT4 plugin Guardian Angel may help traders improve the results from their preferred Telegram signal providers.
Pros & Cons
- High-quality educational offering via SharpTrader
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
Pepperstone
In Summary Great ECN execution on MT4 platformPepperstone is a leading algorithmic trading broker with a superior trading infrastructure and excellent order execution, making it an ideal broker for free Forex signals Telegram trading. It offers traders a choice between the platforms MT4, MT5, and cTrader. All three have integrated copy trading services should traders require more diversification. TradingView and third-party copy trading providers Myfxbook Autotrade and DupliTrade are also available. Traders benefit from low commission-based Forex trading fees and volume-based rebates. The unlimited and flexible Pepperstone demo accounts allow traders to evaluate signals from the best Forex signals Telegram channels for several months before adding them to their live portfolios.
Pros & Cons
- Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
- Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
- Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
- Leverage of up to 1:30 and superb trade execution
- Demo accounts have 30-day time limits
Top Telegram Channels for Forex Signals
There is a wide choice of Telegram channels offering forex trading signals. Here are a few of the most popular, with a breakdown of the main benefits and drawbacks of each.
ProSignals FX
Providing three signals per day and 45,000 pips per year, ProSignals FX is a popular Telegram channel with a win rate of 76%. While an annual subscription is $199, a lifetime subscription is only $299. To be eligible to use their account management service your broker account balance must be $10,000.
Pros
- Account management services.
- 45,000 pips per year
- Customizable risk profiles
Cons
- A high deposit is required to use management services.
Top Trading Signals offers a win rate of 78% and a 1:2 risk to reward ratio. Each day, the channel offers four intraday trading signals and promises net winnings per week of more than 600 pips. While a monthly subscription is $79, an annual subscription is $199, and a lifetime subscription is $299. There is also a free Telegram group sharing daily forecasts.
Pros
- A win rate of 78%.
- A max drawdown of just 11%.
- A 15% monthly return rate.
- A decade of industry experience.
Cons
- An additional subscription must be paid to receive crypto signals.
This tool-rich Telegram channel, with a win rate of 70%, offers trading signals and money management services, while using correlation metrics as well as technical and fundamental analysis. SignalProvider offers at least 3 daily Forex signals, promising at least 800 pips per week and 3,000 pips per month. A monthly plan is $79, while an annual plan is $199, and a lifetime plan is $299.
Pros
- A guaranteed win rate of 70%.
- Support 24/7
- Customizable risk profiles
Cons
- A $10,000 balance is required to use the management services.
- An additional subscription must be paid to receive crypto signals.
Learn2Trade provides a win rate of 76% and a risk to reward ratio of 1:3. It offers up to five Forex signals every day and is popular with beginners since no previous experience is advertised as needed. Users are told what positions to enter, they get a suggested price for SL and TP orders and positions are automatically closed once the price is triggered. Cancellable monthly plans cost £40 per month, while biannual plans cost £21.50 monthly.
Pros
- A win rate of 76%.
- An analysis of each trade and explanation of the methodology used.
- 30-day money-back guarantee.
Cons
- A $10,000 balance is required to use the management services.
This UK-based Telegram Forex signals channel advertises a win rate of 76%. It offers a risk to reward ratio of 1:2, 3-5 signals per day, and up to 4,000 pips per month. Subscriptions cost $99 monthly, $199 for three months, and $299 annually.
Pros
- A win rate of 76%.
- Real-time day trading signals based on RSI and Moving Averages.
- Free signals so the platform can be evaluated at no cost.
Cons
- 24/7 customer support is only offered to subscribers.
- Comparatively high subscription fees.
How to Choose Telegram Forex Signals & Telegram Forex Channels?
A genuine signal provider helps traders to earn consistent long-term profits. Before using signal providers, traders should understand that not every signal will be a winner, and even the best Forex signals Telegram channels will have losing positions.
A 100% success rate is impossible to achieve. Traders using free Forex signals Telegram providers should consider our below tips to ensure they trade with the right signal provider for their trading style.
Traders should consider the following guidelines:
1. Signal quality: Regardless of if traders use free or paid-for subscriptions, the quality of the signals is the primary factor to consider.
2. Testing signal providers: Before committing capital to any signal provider, you should evaluate signals in a demo account or micro account for several months.
3. User reviews: Despite many fake reviews, they can offer insight into the quality of the best Forex signals on Telegram.
4. Money-back guarantee: Should a provider fail to deliver Forex signals, a money-back guarantee will reimburse traders the fee, if it is offered.
5. Free trial: A limited free trial is available at all genuine paid-for Telegram Forex signals providers.
How to Use Free Forex Signals
Traders can use Telegram Forex signals by downloading the app from the Telegram homepage, creating an account, and joining the Telegram channel.
Noteworthy:
- Traders can find a free channel by searching for it in the search bar.
- Paid-for subscriptions require traders to pay the fee at the provider’s home page to get access.
- Turning on notifications ensures traders get the signals immediately, as they have a short shelf life.
Using the Telegram Forex Signals
The signals usually consist of a recommendation, buy, or sell, an entry-level, stop loss (SL), and take profit (TP) levels. Traders should use the signals when the provider posts them, as they are often valid only for a brief period.
How to Test Forex Signal Telegram Results
The most effective way to test Forex signal Telegram results is in a customizable and unrestricted demo account. Traders should use settings like their plan for an eventual live deposit and follow providers for several months to evaluate the results. Alternatively, a micro account is an excellent option to test the best Forex signals Telegram channels recommendations in live trading conditions.
Bottom Line
Traders have countless Telegram channels filled with Forex signals but should approach them cautiously. Many scammers post fake account screenshots showing tremendous profits, a notable red flag. Most free Forex signals Telegram channels try to up-sale subscriptions, but traders might verify the track record, preferably via third-party sites like Myfxbook. The same applies to the best Forex signals Telegram channels. The most effective way to evaluate them is in a demo account, for several months, with settings identical to live portfolios.
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