Trading Signals

Trading signals are notifications that help investors find the best time to open and close trades. Live signals are available for various trading markets including forex, stocks, commodities, and cryptos, with a range of providers to suit different budgets and experience levels. This review ranks the best UK brokers with trading signals, explaining how different types of services work, plus the benefits and risks.

Brokers With Trading Signals

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    AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support.

  2. XTB

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    Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.

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    Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.

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    Eightcap is an award-winning, FCA-regulated broker offering industry-low trading fees. They are also the highest-rated brand by TradingView’s 50 million-strong users, who can trade directly on the platform. UK traders can sign up for a live account with an accessible £100 minimum deposit.

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    FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.

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    Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.

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    IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

  8. XM

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    XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

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    City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders.

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    DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

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    Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

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    eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail CFD accounts lose money.

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    RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

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    Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.

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    Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

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    Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

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    Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

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    GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.

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    Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MT4 and MT5 platforms and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.

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    Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.

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    NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.

  22. Axi

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    Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.

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    EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.

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    Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

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    Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader.

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    FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.

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    FXTrading.com is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC.

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    Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies.

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    M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

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    Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.

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    Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

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    IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.

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    Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.

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    4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.

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    Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

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    FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.

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    ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.

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    GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.

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    Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.

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    MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.

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    Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.

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    SimpleFX is an online broker specializing in CFD and cryptocurrency trading, with multi-currency accounts, STP execution, low pricing and no minimum deposit. Bringing innovation and gaining recognition at numerous industry events since 2014, SimpleFX now caters to retail traders from over 190 countries, boasting a client base exceeding 200,000 active users.

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    Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.

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    ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.

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    FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

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    Anzo Capital is an offshore broker that offers leveraged CFDs on 100+ instruments including forex, stocks, indices and metals. The MetaTrader 4 and MetaTrader 5 platforms are supported, and traders can choose between an STP account with spreads starting from 1.4 pips and zero commission, or an ECN account with a $4 round-turn commission and spreads from zero. A decent range of payment methods are accepted, including crypto deposits.

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    Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.

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    FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.

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    Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.

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    Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

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    TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.

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    Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.

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    RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.

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    AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on trading strategies.

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    Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.

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    EZ Invest is a CySEC-licensed broker, launched in 2008, that offers trading on popular financial markets through leveraged CFDs. Traders can choose between multiple respected platforms, including MetaTrader software and a user-friendly in-house app. The reliable multilingual customer support team are also on-hand to support new users.

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    Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

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    Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.

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    Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.

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    World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

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    FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.

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    Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.

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    LegacyFX is a multi-asset broker offering an MT5 download & free signals.

Our experts have also listed the top independent providers of trading signals, operating via specialised software, platforms and apps:

Third-Party Signal Providers

Autochartist is a technical analysis tool that assists with trade set up and patterns, as well as providing signals, market reports and other useful features.
Forex Signal Factory offers free trading signals to investors looking to speculate on the FX market.

What Is A Trading Signal?

Trading signals are alerts that are sent to investors to notify them of potential market opportunities. They include information that helps users plan a trade, such as entry price, take profit and stop loss. Traders can then decide whether to act on the signal.

Subscriptions for trading signals are available on a range of markets, such as forex, stocks, cryptocurrency and commodities. Additionally, you can find signals for different trading vehicles, for example, CFDs and binary options.

Trading signals can be issued by algorithms scanning the markets or by experienced traders conducting technical and fundamental analysis. Signals can also be sent through a variety of channels, from SMS and email to Telegram, Discord and WhatsApp groups.

Note that there is a degree of subjectivity to trading signals – you are reliant on the judgement and skill of the issuer. One expert or bot may interpret charts as indicating that the price of Bitcoin (BTC) will increase over the next few days, whereas another may disagree that there is enough data to suggest this. In other words, not all signal providers are the same, and some will have higher hit rates.

How Do Trading Signals Work?

Trading signals can convey information from both technical and fundamental analysis. With the former, experts or robots may use indicators such as the MACD, RSI and support and resistance lines to identify upcoming trends or trend reversals. Fundamental analysis signals can be based on key information related to certain companies or countries, such as earnings reports or central banks’ interest rate decisions.

The best trading signals typically include the following information to help set up trades:

  • Asset: Gold
  • Order Type: Buy Stop
  • Current Price: £1,527
  • Entry: £1,530
  • Target: £1,540
  • Stop Loss: £1,525
  • Take Profit: £1,542

Using this signal, you would place a buy order on gold at a strike price of £1,530 to capitalise on an upcoming bullish trend. This means that if gold were to increase by £3, a buy order would be processed. You would then hold this position until the price reaches the take profit price, falls to the stop loss price, or you close it yourself.

Pros Of Trading With Signals

  • Help find opportunities in multiple markets from oil to crypto
  • A long list of trading signal services available in the UK
  • Traders retain control over whether to act upon signals
  • Signals can be fully automated with copy trading software
  • Compatible with the best platforms like MT4, MT5 and TradingView
  • The top services also have volume and volatility reasoning explained

Cons Of Trading With Signals

  • Fees can eat into profits
  • Scam providers operate online avoiding UK regulations
  • Success is dependent on the quality and reliability of the issuer
  • Past performance is not always an accurate indication of future results

How To Compare Trading Signal Providers

Fees

Fees for trading signals can be recurring payments for a subscription, a one-off fee, or the service could be offered free of charge at the best brokers. Subscription fees typically range from around £10 per month up to £150 per month.

You also need to consider these charges alongside the frequency of trades. For instance, if the provider charges a monthly fee of £40, but only provides two or three signals per week, you need these signals to generate a profit of above £10 each week. This is also before accounting for brokerage fees and any taxes.

In addition, consider bid-ask spreads, trading commissions, fees for deposits and withdrawals and any inactivity charges. These will need to be paid on top of the cost of the trading signals.

Payment Methods

Most brokers accept deposits made using bank transfers as well as credit and debit cards. Many leading firms with trading signals, including Pepperstone and CMC Markets, also allow clients to use e-wallets such as PayPal.

When comparing brokers with signals, also consider the time taken to process payments, the fees they charge for each method and any minimum/maximum deposit and withdrawal limits.

Frequency

The frequency that trading signals are sent is likely to be linked to the range of assets covered. For instance, if a provider covers all the stocks in the FTSE 100, you are likely to see receive more signals than you would for a provider covering a single forex pair.

Ultimately, make sure you choose brokers with signals or third-party providers that align with your strategy, whether that is day trading or long-term trading.

Notification Method

Signal providers may send notifications in a variety of ways. Common methods include text messages, email alerts and notifications via trading apps or smartwatches.

You can also find providers that post trading signals in online groups and communities. Some firms also use free social media apps such as Telegram, Twitter, Discord, Reddit and WhatsApp to share alerts for assets like crypto, forex and stocks.

Platform Integration

Certain providers integrate their services directly into your trading platform via an API. This makes it easier for you to view and then act on suggestions. Popular examples include MetaTrader 4 (MT4) and MetaTrader 5 (MT5); clients can choose from over 3,200 providers through these terminals.

The software developer, MetaQuotes, also allows traders to compare providers with a snapshot of details such as growth and success since inception, number of subscribers, win percentage and costs.

An example of the MetaTrader 4 hub for choosing signal programs can be seen below. By clicking on a profile clients can access a more in-depth review with a strategy definition, gross profit and gross loss amongst other information.

Best signal providers on MT4

Note, certain brokers, such as eToro, offer their own platform. Other firms, such as XM and Pepperstone, offer third-party platforms like MetaTrader 4 and MetaTrader 5. There are also brokers, including IG, that offer both proprietary platforms and third-party solutions.

Also check for mobile compatibility. This is key because if you receive a trading signal while away from your computer, you can still make the trade. The best brokers with trading signals offer an app that is available on iOS and Android devices.

Markets & Vehicles

Some brokers and platforms such as KuCoin specialise in cryptocurrency trading, investing in tokens like BTC, ETH, and XRP. Other brokers with trading signals, such as AvaTrade, offer stocks, forex, indices, ETFs, bonds and commodities.

You should also look a the different vehicles available, for example, trading on margin with derivatives such as CFDs, options, futures and spread betting.

Research

Selecting the wrong provider could hurt your portfolio – either by giving you bad signals or if its costs outweigh the returns. For this reason, completing research on different providers is key.

Read customer reviews by investors that already use their services to get an understanding of which providers are worth paying for. Alternatively, see our list of the best brokers with trading signals.

Use Several Sources

You do not need to limit yourself to one trading signals provider – you can use several to help increase your chances of finding good investment opportunities.

For instance, if two providers both send signals for the same asset and side, this could be a good sign that it could be a good trade to make.

Education

Top-rated signal programs and brokerages offer daily market insights and news updates. They may also provide copy trading tools, which are popular with beginners – offering a more automated approach to signals trading.

In addition, the best brokers help clients learn how to trade with signals today through free PDFs, books, and excel definitions etc.

Regulation

A key advantage of signing up with reputable brokers with trading signals over third-party platforms is increased regulatory oversight. The best firms for UK traders hold a license with the Financial Conduct Authority (FCA).

FCA-licensed brokers have to implement protective measures such as negative balance protection, which helps clients to avoid becoming indebted to the company in the event of large losses.

Note, you can take the brokerage’s license number from the bottom of their official website and check it on the FCA’s register.

Bottom Line On Trading Signals

Trading forex, commodity and other markets using signals can be helpful, particularly for newer investors. They are easy to sign up for and many real providers are operating on a range of online platforms and in multiple asset classes. For this reason, there are trading signals that align with most strategies and trading styles.

With that said, be wary of relying solely on trading signals. Also with various scams online, only use trusted brokers with trading signals. Alternatively, choose independent providers with good reviews and ratings.

FAQ

Are Trading Signals Legit?

Many trading signals providers are legitimate, however, there are also scams so due diligence is required. Fortunately, with popular platforms like MT4 and MT5, you can review each provider, with metrics on their overall returns, reliability ratings, and the number of subscribers.

Yes, it is legal for UK-based investors to follow trading signals. While you may be geo-blocked by certain providers outside of the country, many top-rated brokers in the UK will let you trade with signals. Alternatively, there are third-party providers of signals that accept British traders.

Are Trading Signals Worth It?

Trading with signals can be worthwhile, but it depends on your approach and risk tolerance. For instance, if you plan on day trading crypto using moving averages, you need a higher-risk provider that sends out signals daily. You should also consider the cost of trading signals, with average monthly fees coming in at around £100.

Do Trading Signals Work?

There are providers of trading signals that have generated decent profits in the long run. However, no platform can guarantee you will generate profits 100% of the time, so be wary of companies promising huge returns. Make sure you check the history of the signal provider, their approach to risk, and the number of subscribers.