While countless signal providers offer Forex signals daily, most of them are affiliates of brokers who try to get your deposit and count on you trading for at least a month to earn revenues, or to sell you “VIP services” as their signals typically fail to provide consistent results. However, among the crowd are several quality signal providers offering a genuine service. Telegram has become the most popular app for active trading communities and trading signals.
Below I present my guide to finding the best Forex signals Telegram channels, tips on avoiding scammers, and a list of the best Forex brokers for signals.
Ultra-low commission-based trading fees & price improvement technology.
Customizable demo account & micro account ideal for evaluating signal providers.
Fee-based Ava Protect as an insurance policy on losing Forex, gold, and silver trades.
Well-balanced asset selection, including cryptocurrencies, options, and ETFs.
Excellent asset selection, including cryptocurrencies and ETFs & competitive fees.
Three trading platforms plus TradingView & unlimited demo account to test 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.
5.0/5 in this category
Best all-around broker with high floating leverage and fast execution
FXTM 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.
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
Proprietary copy trading platform, low minimum deposit, and high leverage
4.5/5 in this category
Highly regulated, choice of fixed or floating spreads
AvaTrade 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.
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
4.5/5 in this category
Great ECN execution on MT4 platform
Pepperstone 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.
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
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.
Traders can use Telegram Forex signals by downloading the app from the Telegram homepage, creating an account, and joining the Telegram channel.
- 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.
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.
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.
Which Telegram group has the best free Forex signals?
This depends on what traders seek and given the abundance of free and paid-for Telegram signals; it is impossible to pinpoint the best. Traders can check user reviews and the popularity among the best Forex signals Telegram channels to narrow the list of which ones to try.
Are Forex signals on Telegram worth it?
That is a challenging question each trader must consider. It depends on the quality of the signals and the costs.
Which app gives Forex signals?
Telegram is the most popular app for Forex signals.
Who has the best Forex signals?
Some of the best Forex signals Telegram channels offer quality, paid-for Forex signals. Alternatively, MT4 plugins like Trading Central and Autochartist can yield quality results. Another viable option is EAs on MT4/MT5 or robots on cTrader, which provide Forex signals and execute them.
Can I get free Forex signals?
You can get free Forex signals from many sources but should consider the quality and motivation behind them. Unfortunately, most are an entry to up-sale subscriptions or by Forex affiliates trying to stimulate trading volume to generate affiliate earnings.
Where can I find the best trading signals?
The best trading signals are usually from paid-for subscribers, but some Forex brokers offer services by third-party providers, Trading Central and Autochartist. Alternatively, some brokers publish actionable trading recommendations.