Signal Factory is a company that is known because they generate signals for Forex investors, traders, and people who want to become profitable. The developers claimed that this service is best forex signals from live & profitable professional traders. We have decided to check it out.
There are four packages that vary by features. The Telegram news package costs $49.99 monthly. We can copy trade signals from the Algobot Gold for $199.99. There are also Algobot Signals Package for $99.99 monthly and Algobot Trade Copier for $199.99 monthly. Everything that costs over $50 monthly for signals is overpriced. We have no money-back guarantee applied to these offers.
We managed to find some details about the system and its features and systemized everything in the following list.
- We can become profitable on the Forex market more quickly than if we’d like to work our own.
- “Signal Factory provides a bridge between professional Forex traders and retail traders that are looking for real time advice.”
- The signals will be delivered automatically. No extra effort is needed.
- The main account (which we couldn’t find) works under real market conditions.
- It has to work with low drawdowns.
- They claimed that their community includes over 45,000 satisfied traders.
- It’s impossible to check this out.
- The advisor doesn’t use risky strategies like Martingale.
- It works with fixed lot sizes only.
- If the account starts losing money, owners stop it.
- They have received signals from different robots and traders to unite under their brand.
- We can customize our risks.
- There are no hidden commissions.
- The system isn’t sewed to any broker.
Signal Factory trading approach
- The system generates the signals.
- A copy-trading software copies them to our account.
- The account settings apply our risks.
- An order is placed on the market with SL and TP levels.
- It’ll be closed automatically.
The presentation doesn’t include any sign of backtest reports. It’s a huge con because we have no idea if those systems or the robot that belongs to the developers were tested properly. It’s important because the final report can show to us what we have to expect from the system.
Signal Factory live trading results
The owners decided to skip the part where they have to share a real account verified by Myfxbook or Fxblue. These services can visualize the data via charts, graphs, and tables. So, we don’t know real win rate, drawdowns, risks, leverage, brokers, average monthly and weekly gains, profit factors, average win and loss in pips, and so much more information.
What are the risks with Signal Factory?
The risks are high because we have no idea if the system fits current market conditions or not.
Signal Factory has created a profile on Forex Peace Army. The last update was on November 8, 2021. There were three reviews written that formed a 2.081 rate.
Former clients blamed the service for being not profitable. So, we have nothing to add.
What are the pros & cons of investing in Signal Factory?
|Various levels of pricing provided||No team revealed|
|No strategy or settings explanations provided|
|No risk or money management advice given|
|No backtest reports provided|
|No trading results available|
|Various negative testimonials published|
Signal Factory Conclusion
Signal Factory is a signal providing company that focuses on generating signals for Forex. The presentation includes no proof that the system and its signals are profitable. So, we can’t suggest it. Clients mentioned that the service wasn’t good for them on FPA.