Estimated reading time: 3 minutes
Neosignals.com is a Binary Options signal service provider that allows you to receive trading signals directly on your desktop.
You can choose from a range of signal providers (who charge a monthly fee) and view their win-rates and historic trades before you copy them. The downside is that you need to use the same platform or broker as the signal provider for it to work.
Neosignals.com’s signals focus on a wide variety of assets including, indices (FTSE 100, NASDAQ) currencies (EUR/USD) and commodities (Gold, OIL). The signals are sent 24 hours a day, 5 days a week during trading market hours (Monday through Friday).
As expected, getting started is simple enough – you just sign up at Neosignals.com. There is no download required, which is a nice change. They work with top brokers, so choice isn’t a problem either.
The interface is clean and simple. The signals appear on the left side of the screen, leaving the rest of the screen real estate to your trading platform. You get up to 3 signals simultaneously, with the name of the asset to the left of the signal, the percentage of the signal accuracy underneath, and the date and expiry time above the signal. My advice? Invest only on signals that are 70% or higher to achieve a better chance at success.
Next to each signal, a small timer will appear, and you will typically have between 45-60 seconds to act on the signal. Once you chose an asset and signal, go to the trading platform, choose your asset, make your investment
One of the advantages of Neosignals.com is that its interface blends seamlessly with your broker of choice: there is no clash of platform or technical glitches that marred my experience: you see the signal, make the trade on you broker and watch for the results.
You can also review a recent history of the signals by clicking on the signal history button.
The average win-rate for signal providers on Neosignals.com.com is around 62, however this varies depending on the signal provider, the number of signals provided each month and their trading methods. For example, Dolphin Options currently shows a success rate of 75%, however they only provide a few trades per week. This means it’s probably not worth it given their $100/month subscription fee.
You can expect something of between 10-20 signals per day.
Neosignals.com supports many different brokers including OptionRally, UkOption and more. They’ve made it clear that they work only with regulated and respected brokers, but unless you have already a favorite broker that you trust, you should always verify about the validity of a broker prior to signing up.
Advantages of Neosignals.com
No download, for one. Choosing your own broker, for two. In addition, you get 2 free months. The third advantage is that, unlike many other sites, the signals provided here are tracked manually by the site’s Binary Options Trading experts and are computer generated or automated.
Additionally, Neosignals provides signals by email and SMS.
Disadvantages of Signal Service
Nothing is foolproof. Just because it says “signal service” doesn’t guarantee the money pouring into your wallet, certainly not on every signal. If you pay attention (which you most certainly should), you’ll notice signals marked around 40%-50%. Ignore those. Like I mentioned before, save your trading for assets with signal strength of 70% or higher. Neosignals proclaim their objective to get you “in the money” (profitable) in 70% of the time, just take that with a gram (or more) of salt.
How Much Does Neosignals.Com Cost To Use?
Neosignals.com offers users the first 2 months for free. You can also purchase a monthly subscription ($100 per) or a yearly subscription ($1000 per).
How Accurate Are The Signals?
As in every profession in life, there’s no thing as a sure thing, so it’s is impossible to be correct all the time. The more you know about trading and the markets, the better position you’ll be in to make good decisions. Remember, what you invest is what you risk – nothing more, nothing less.
Do I Recommend Using Neosignals.com?
That depends. The first 2 free months make it a tempting offer to give it enough of a try to see if it suits your trading requirements. The smooth, user-friendly interface integrates easily with many top brokers and should make it an appealing option for beginners in particular.
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