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Signals Premium Review: Is Signals Premium Scam?

Signals Premium Review: Is Signals Premium Scam?

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In this review, we are taking a closer look at a signal service that provides trading alerts for Forex and Crypto currencies, Signals Premium. Their official site can be found at signalspremium.com. The vendor has at least 3 signal plans and one of those plans is actually free to use. The rest are premium signal plans and depending on what level of membership you are in, you can receive between 2 and 16 signals a day. The success rate between 60 to 80%. I’m not sure how they navigate the quality of their signals, but the performance fluctuates depending on what type of plan you are signed up with.

It’s unknown who the creators of this service are, but it’s clear that they own many different signal services. Such as signalstips, signalsplace, primefxsignals, signalscfd and others. It’s unclear whether or not these signal services are providing all the exact same signals, but there are certainly similarities which lead me to believe that that is the case. Their head offices are located at 1 Bridge St Omagh BT78 1BA United Kingdom, and they can be contacted via email at [email protected], or phone +442080891537.

When we come across a site that looks similar to this one, we always conduct investigative analysis to ascertain the truth. If this does not happen, then we probably might end up recommending a mediocre service to you guys and this might ruin our reputation. Therefore, you should be assured of the fact that this review is unbiased and it is written with those who are looking for a reliable signal service in mind. In the meantime, if you would like to find out where genuine trading apps including signals are found, we ask you to check out this page and pick any of the products that you will find there. No actually we are just kidding. Pick the product that is most relevant to your needs.

Signals Premium Review

There is very little information in regards to how the Signals Premium trades are being generated. As I mentioned above, we are presented with 4 different artificial intelligence signal providers to choose from. This section of the website is contradictory, because there are images of people, with names, locations, ages, and occupations but then at the bottom we are told that these are real people. For example, we are introduced to Denise K, who is age 38, focused on Forex trading, works as a bank analyst and has the favorite asset of CAD/USD. Yet, right underneath and above this profile is the statement that this is AI.

This type of approach really makes very little sense to me. I don’t understand why the developers would be creating these weirdly personal profiles that are obviously fabricated and have no bearing on the strategy. Meanwhile, they give is no actual information about the strategy and trading approach of each artificial intelligence based system.

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The main aspects of this service are confusing, and need to be flushed out much better by the development team. There is simply too much secrecy and indecision. I think part of the reason for this, is that the developers want traders to chat with their support staff via their persistent live chat popup. I’ve seen similarities in recent signals service reviews like, WeTalkTrade, and FX Premiere.

A quick breakdown of the signal service

The website reveals that the people who operate it are sending out signals for a number of trading instruments which include SILVER, GOLD, EURJPY, AUDUSD, EURGBP, USDJPY, EURUSD and USDCAD. They are trading all time frames which appears to be the reason why they can afford to send so many signals in a day. Generally, higher time frames have less signals for trading while lower time frames tend to have numerous opportunities for entering the market.

In order to access the Signals Premium service traders are required to register with brokers that they recommend. Traders have the option of signing up with KayaFX, AlphabetFX, EverFX and Prestige Financial Markets. All of these brokers have minimal experience in the Forex marketplace, but likely provide some of the best affiliate commissions. I do believe that we have to be somewhat cautious with these recommendations, considering the developer doesn’t recommend any of the most popular and trusted brands in the market.

Does Signals Premium have verified trading results?

The Signals Premium trading results are hosted directly on their own website, so we can’t verify or validate these results in any way. The vendor claims that they’ve made over $20,000 in the past 7 days, and just over $70,000 in the past 30 days. These results are provided to us showing the asset, direction, strike rate, strike date, exit rate, exit time, pips won or lost, and total profit.

The issue with these type of results, is that the vendor can essentially cherry picked trades whenever they want. These have the potential of being actual signals, but there is no way of us knowing whether or not there are more or less than the signals provided. The vendor could easily not report the losses, and only report the large wins because they are in total control of this results table.

Now, we would like you to grasp this; that the website is telling us that their trading results are simulated. What this means is that these people are not showing us real trading results. For this service to actually sell any of their signals, they need to prove to us that their signals are making money. This requires them to use a live myfxbook account which will give us the chance to scrutinize their trading results and see whether or not the signals are reliable. Otherwise, we encourage those who must use this service to try out their free service for at least one month before making up their minds.

Our best advice for you

Signals Premium does not have client feedback yet. On top of that, they have failed to provide verified trading performance. Honestly what do they expect from us? To make your work easier, just stick to these recommended trading products. 

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