Signals Premium Review: Is Signals Premium Scam?

Signals Premium Review: Is Signals Premium Scam?

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Signal Premium views itself as the leading signal provider in the market. It welcomes all forms of traders, is it a novice or expert traders to join their venture. The platform promises investors that they will help them to meet their target through the use of the firm expert team.

The company generates its trading signals twice every day from Monday to Friday. Additionally, the firm assures investors that it carefully vets a broker before recommending them to traders. It will try their services first.

What Signal Premium looks for is whether a broker is reliable, the quality of the customer support, and the withdrawal process. The platform assures that it does not recommend something that is not the best.

The company looks like a dedicated venture that is looking after its customers. The platform publishes the latest articles daily on the trending news in the market. The firm wants to assist traders in building their trading portfolios.

You should know the spread, leverage, and success rate of a company. Considering Signal Premium does not have a trading bot, and we do not know what the firm depends on to generate their signals, we would advise investors to use other alternatives in the market.

Signals Premium Review, Signals Premium Platform

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The company offers free signals for their clients. Often you find that customers rely on a company that provides trading signals for them to earn profits. The company seems genuine. However, there are several issues that we have concerns about.

Signal Premium Review

One of the thing that you check on is the reliability of signals that comes your way. We cannot take this word for it that they will only recommend regulated brokers while, in reality, they are not licensed.

The company is getting a commission from the brokers that they are recommending to their clients. Traders need to be careful because some signal provider companies recommend their customers to Ponzi schemes.

The platform is allegedly producing both digital currency and Forex trading signals. The company was registered in August 2013 and has been around for a couple of years. It appears the website is not getting much traffic as it should be. According to Alexa global ranking Signal Option has about 3.1 million traffic.

The firm is filled up with multiple contents that clients can read and boost their knowledge. However, regarding the quality of performance, their signals have we do not have much data. The company has around 80% trading success rate.

We did not encounter investors backing up the services of Signal Premium. It is linked to various signal providers in the market. Nonetheless, information regarding the owner of this venture remains anonymous. It would be better to utilize the best Forex brokerage in the market instead of depending on this firm.

The platform lacks transparency, which is something that is not great when it comes to investment. Despite the long duration, the firm has been in the market; no performance report can help clients to determine the success rate of the signals. It is better to deal with proof rather than relying blindly on the word of an investment venture.

How Does Signal Premium Operate?

The company is allegedly sending its signal to many traders. They have a currency pair of several Forex products. Additionally, it also sends signals of Gold and Silver. The firm only provides its services at a specific time during the day.

Signal Premium is accused of recommending their clients to mediocre brokers in the market. The websites that they endorse do not have tremendous success in the Forex niche. When it comes to verifying the profitability of trading signals that the company is offering, we cannot speak much on the issue. Signal Premium has not used a third party to prove the platform is indeed profitable as it claims.

The company brags of having made huge profits in just a couple of days. The platform does not showcase the drawdown they have encountered. The firm is probably only selecting its best outcome leaving behind the losses.

We would request the platform to provide their MyFXbook live trading results. To win the trust of clients as well as for people to stop having doubts about how they run things.

The company strategy of coming up with the signals is not disclosed. You have to become a member of the brokers that Signal Premium endorse.  Some of these brokerage platforms are EverFX, AlphabetFX, Prestige Financial Markets, and KayaFX.

The only positive thing that these brokerages have in stock has a high affiliate bonus. We wonder why the signal provider fails to endorse some of the best Forex brokerages in the industry. The company has no feedback from those who have engaged with them in the past, and it is worrisome. Why would anyone venture with an entity that is not reputable?

Customer support and Regulation

Signal Premium assures investors that their chat reps are ready to help their clients. You can rely on them to answer any of your queries. The company is allegedly located at 1 Bridge St Omagh BT78 1BA, UK.

The support can also be contacted via telephone number as well as on email through; [email protected] and +442080894413, respectively. Any financial watchdog on land does not regulate the company.

We feel that it would be best if Signal Premium set by an example. If it is indeed based in the UK they need to be authorized by the FCA. Even if they are not taking funds from investors, they are recommending other websites to their clients.

Investors need enough assurance that their money will be in safe hands. On the matter regarding the quality of customer support services that clients can expect from Signal Premium, we cannot verify the matter. We did not encounter any investor who has used their signals.

Final Verdict

Signal Premium is a company that is providing free trading signals to traders across the world. The platform is a scam, as we have not encountered any complaints yet. However, we would not recommend their services as the Forex brokerage that they recommend to their customers is not performing very well in the market.

You should invest with legit Forex brokerage in the industry instead of relying on a firm that is not reputable. The level of anonymity that Signal Premium exercise is also worrisome. Until the venture can be able to prove their legitimacy, we would ask traders to avoid investing with mediocre Forex brokerages.

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