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Signalator.com Review: Scam or Real Professional Traders?

Signalator.com Review: Scam or Real Professional Traders?

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Signalator.com is allegedly a team of professional Forex traders with 15 years of experience. When traders decide to subscribe to the service, Signalator will send alerts in SMS, email and also through MT4 automated trading – assuming the trader has a full time job and rarely has time to trade the Forex market.

The service is owned and operated by a company known as Signalator LTD. This entity was originally SignalsForex, then TrumpGain Corp before they created the name Signalator.

According to the website, the company is located on this physical address: England and Wales, no:06219867. 53 Rodney Street, Liverpool, L19ER, UK. 

To keep in touch with these folks, we can either chat with them on their site or send them an email through an integrated contact form.

They tell us that the average response time is between 2-3 hours. The question is, should you spend your money and time pursuing the signal alerts offered by this website? Are they legit in the context of high win rate and reliability?

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Signalator Review

When we look at the various signal packages from this vendor, we realize that they are optimized for traders with various amounts of deposits, account sizes and investment expectations.

More emphasis is being put on risk management, signal delivery, customer support and signals service in general.

For each currency pair, Signalator ensures that they have various packages to cater for the needs of traders based on their risk level, account size and their expectations in relation to what they could make from the market.

Signalator Basic Signals (least efficient signals available)

It’s quite ridiculous how they advertise this service as they claim it’s the least efficient signal package available.

So the first question we are asking is why they would want to provide such a package to their customers in the first place.

But here is the overview. In this plan, Signalator offers signals with TP and SL levels of between 30 to 40 pips. Draw down is up to 350 pips. Perhaps they could have expressed this in percentage form to give us a clear picture of what draw down looks like in this basic plan.

In their description, Signalator constantly downplays the usefulness of this plan, which makes me think this is a poor quality signal plan. We wouldn’t include this in my list of Forex trading tools at all.

Signalator XT Signals

XT Signals are allegedly more efficient because their traders use more advanced analysis tools. In this plan, we expect 11 trades a month and draw down are anywhere between 200 and 250 pips.

Signalator wants their customers to believe that this plan is built for every type of trader.

On top of this, they focused on avoiding erratic market situations which are sometimes experienced when their is high impact news.

Signalator Plus signals

With this plan, traders get up to 7 signals per month and one trade is supposed to aim at 50 pips. According to the team, this is the most efficient plan with lowest draw down at 150 pips.

The website tells us that these signals are good for long term consistency and that they are using this technique to manage funds for their clients as well.

Summary of the service

They are trading a number of pairs which include GBPUSD, USDJPY, GOLD, GBPJPY, EURUSD, AUDUSD, USDCHF, NZDUSD, AUDJPY, USDCAD and EURJPY.

In terms of signal frequency, we should expect between 7 to 20 signals per month.

The cost of Forex signals here is between $105 – $295 per month. 

The problem, however, is that even though Signalator sounds quite intelligent, they do nothing to add their trading strategy.

There is no disclosure of which trading strategies or techniques they are using to identify signals.

Also, a good Forex signal provider should find time for introducing their trade analysts too.

But unfortunately most of them fail to do so. I have reviewed the likes of 1st Class Trades, Affix Forex, Zero to Hero and so on. None of them ever wanted to disclose their trade analysts.

The cost of the signals

Signalator has various prices depending on the plan you want. The basic plan costs $105 per month. The XT Signals plan costs $135 a month while the Plus signals package goes for $225 a month.

The good thing is that Signalator is offering a demo subscription too. The bad thing is that this demo subscription cost more than some of the live signals package highlighted above.

 

We have noticed that Signalator offers signals together with a VPS service, which may explain the cost structure of their plans. But in my opinion, they should also provide signals without a VPS plan so that if a customer already has a VPS plan, they can pay less to get signals plans from this vendor.

Signalator trading results

They’ve provided a table for their trading results starting 2014. This table shows us the cumulative results for the years and the signal type as well.

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Upon careful observation, I realize that most of the gains in these signals were recorded during the first 6 months. The gains started to slow down bit by bit.

The problem is that these results have not been audited by a third party. So while Signalator looks very legitimate, the fact is that no trader should spend a penny on a signal service with no verified trading results.

Our best advice for you

Signalator has both their pros and cons. They offer a wide range of pairs to trade, an integrated VPS service, and are very professional in their marketing approach.

The negative is that the vendor does not disclose their trading strategy, their analysts, and certainly there is no verified trading performance.

So we will have to watch Signalator and if they address these areas, we will be looking to revise this Signalator review as well just to be fair on them.

Also, do remember that our traders like these recommended trading products. It forced us to compile them together into a list so as to make it easier for your picking.

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