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Signal Skyline Review – Scam? Here’s our Take

Signal Skyline Review – Scam? Here’s our Take

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Estimated reading time: 6 minutes

This review looks at a company called Signal Skyline. What exactly is Signal Skyline? It’s a company that claims to offer trading alerts generated by expert analysts. According to the website, there are 50 experienced market analysts working round the clock to deliver winning signals to clients of Signal Skyline.

These trading alerts are delivered with predetermined stops to make the trader’s work easier. The website promotes its products in such a way that you’d imagine that it’s very easy to use their trading alerts. The company actually says that all their plans are user-friendly, that you will not read any complex charts, and that your job will be to implement what you receive on your trading account. That’s all.

Now, Signal Skyline has done a good thing by including their physical address at 250 Younge Street, Toronto ON, Canada, M5B 2L7. We therefore assume that this is a Canadian company with a global reach. On top of that, Signal Skyline also has a working phone number and email where traders can reach them anytime.

The creator of this service has not been introduced anywhere on the website. But there is a message from the ”CEO” which informs us that choosing the right signal provider is as important as analyzing the right trades. This message can be found on the footer of the website.

signal skyline homepage

There also seems to be some grammar issues here and there. This is very weird especially if we consider that this company is coming from Canada. Most of the time, grammar issues tend to arise in websites that are hosted outside English-speaking jurisdictions.

Signal Skyline Review

We do appreciate the vast amount of information that this website publishes. We feel that this is aimed at making the work of their clients easier when considering the possibility of using this service.

The website clearly explains how their trade analysts plan their tasks ahead of time. This can be found on their ”How we generate forecast page”.

The company strongly believes that they can maximize gains while putting risks to the minimum, thanks to a combination of technical and fundamental analysis which is implemented every time market analysts are looking for signals.

To be precise, the company claims that they have specific fundamental elements which must be looked at even before any signal can be generated and delivered to customers.

The one factor to consider here is news, and this is usually grouped by country. They also consider trader psychology and how these factors can come together to influence a particular market. Once that is done, signals are generated (of course in conjunction with a number of technical tools).

how signalskyline work

So far, we are satisfied with their explanations concerning how their signals work. However, we do take issue with the claim that Signal Skyline works with 50 market analysts.

Honestly, we do believe that the owner of Signal Skyline is just trying to make traders think that this company is bigger and popular than most people realize it to be.

We also believe that if this was true, Signal Skyline would have introduced us to them. This would mean publishing their names, qualifications and track record. These details ought to be 100% verifiable. Unfortunately, the company never did so. Think about it. Even the CEO is not introduced. We do not know anything about them up until now.

We also see a video on the second page of this website. This video was uploaded on this website sometime in June 2016.

Today, it’s over a year and that video has only received slightly over 180 views. Given that this is the main and only video on the sales page of Signal Skyline, we could say that this website still doesn’t have a lot of customers. How could they afford 50 market analysts? We still don’t believe so.

Also, if this video has slightly over 180 views, then it means that they are probably having between 5 to 10 clients at a time — that is, if they are converting at a higher rate than anyone else.

First impression of the Signal Skyline website

We can say that their website is neat and well-organized. The fonts are also neat and well-chosen. Everything looks great from the visual perspective. It’s the true definition of a professional website presentation.

signal skyline website

We are sure that most people who visit Signal Skyline website are happy about it. Usually, consumers feel more relaxed and reassured when intending to do business with a website that wears a professional design.

However, we also noticed a stock ticker on the header section of this website. The question is, why does Signal Skyline highlight stocks which they don’t provide signals for?

That stock ticker is probably out of place. It looks weird to display stocks that you have nothing in common with.

Break down of products/services offered

Basically, this is a Forex signal provider. You therefore expect them to deliver signals under various plans.

Pricing starts at $7 (for a 7-day trial), $99 for one month and $270 for 3 months.

Signal Skyline promises up to 140 signals per month for all plans. The least number of signals that you should expect from them in a given month is 120.

However, the trial plan does not have message support. Communication is strictly kept to email. However, the monthly and quarterly plan allow flexibility in how support is offered to their clients.

Signals are delivered across major pairs in the Forex market. However, we notice that the 3-month plan is the only package that comes with a money-back guarantee.

The rest do not have any form of money-back guarantee. This kind of arrangement favors the company more than the consumer because most clients tend to go for the cheaper plan which costs $99 per month.

The risk is: if you don’t make profits that month, you will have lost the subscription fee for that signal plan in addition to a fraction of your trading balance.

Then when we scroll down to the footer of the Signal Skyline website, we find a disclaimer statement warning clients that this website makes no guarantees that their signals will produce good results.

So there it is: no guarantees yet there is no form of money-back guarantee to protect you in case luck is not on your side.

Again, we see this as a trick which favors the company instead of the trader.

Trading performance

Another issue is that despite this website being in the market for over a year now, they don’t have a trading history which proves that indeed their ’50 market analysts’ are producing signals that win.

The company claims that they do offer between up to 140 signals every month. So it’s safe to assume that this website keeps records of their wins and losses as well.

However, it is shocking to realize that despite producing so many signals in a month, this website does not appear to be trading them.

Our best advice for you

The viability of this service is still questionable. This is because they have denied us their historical data, which would have made our work easier in determining whether Signal Skyline was a good or bad service. While they started very well, they ruined everything along the way. This is the reason we are not recommending them today. You are better off with these trading tools.

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