Signal2Forex Review: Scam or Profitable Signals?

Signal2Forex (Signal2forex.com) review is out after users insisted we investigate the developer. One might think that this is a signal provider, don’t be fooled by their name. The platform is an all in one robot provider. They have a total of thirteen robots under their belt. Most go for $49 and $99. One of their biggest robots is Mega storm version 10 which goes for $219. They also claim to offer indicators on their platform. All these robots are offered in a portfolio system.

Features of a reliable trading robot

• Error free

As long as the code on these robots ARE error-free, traders have a chance of making huge profit margins. The code usually is set on certain actions and rules to follow on the market. And this gives less chance of making losses.

• Setting aggressive and passive trading parameters

With the trader having complete full control, you can set the best in terms of how aggressive or passive you want the bot to trade. If you want the bot to be more market specific, it will act according to the input settings.

• Multiplying trading speed

No trader can trade with the speed of a robot and thus gives traders a chance to have multiple open positions. With these positions, you get the best in terms of productivity. These are the best options for getting a robot.

• Accuracy of trading and results

As a trader, you want a platform that offers much in terms of reward. Accuracy of trading and performance is one of the reasons to sign up with these robots.

The robots have been a favorite when it comes to ensuring the best are available. Here’s what you need to offer traders with the best trading results.

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• Better trading performance overall

Experts and traders look for a robot furnishing traders with reasonable ROI. That means you will be in the leading position to offer the best in terms of positioning.

The robots were seen to produce results of over 85 percent in most cases, and these were consecutive trading days.

• Customer support

When it comes to customer support, this is what every trader must try and find especially for reliable and fast support.

Most of the robots on the list offer 24/7 support which ensures members get the help they need no matter the time zone.

About Signal2Forex

Signal2Forex is a mere shop for robots that have no proven track record. None of their thirteen robots have any success which points to one direction. The vendor is only interested in his professional appearance. He/she wants to appear professional and has trading tools for the public. There are a lot of questions in terms of the credibility of these robots. And this is where we have to caution investors in regards to this trading robot. They should be keen on producing actionable robots.

Assets covered by the robot

From the look of things, the platform is offering multiple strategies. These robots are also offering major and minor currency pairs. Some of the currency pairs include AUDCAD, AUDCHF, AUDUSD, EURUSD, USDCHF, and many more. The platform claims to use H1 and M5 timeframes. What is evident is that the sales page is driving users towards a portfolio. The page does not give direct access to each robot individually. Users get a system that trades on your behalf.

Breakdown of the developer

The team behind this platform is numb on who actually operates the platform. In terms of developing the platform, the information is missing from their homepage. And this is the problem with these robots, anonymity. Any anonymous online trading platform will lead to more problems. There is no way of reaching the developer and his team for comments.

Comments from current and previous members

What is funny with all the robots is that there are no comments on the robots. It could mean that the trading community did not receive the robots with open hands. How else can we explain not finding a single comment in regards to any of the robots? These comments help determine user experience. Without any comments, we are sure that no one has tested the robots. Traders are now aware of the risks involved with such robots. The sales page is enough to tell us that this is not a promising aspect of trading.

Domain information and reputation

On their homepage, they claim to have eight to ten years of online trading experience. Domain tools cancel this claim with the exact date the site went live. The website went live on 17^th December 2017. What is weird with the site is that they have made numerous changes over the past twelve years. The IP history shows 16 changes on 16 unique addresses over the past 12 years. And this shows that the platform has been changing ownership for some time. It is best to stay away from such tools.

Features of Signal2Forex

They claim that their main activity is trading forex, second activity is forex software. These robots are compatible with MT4 trading software according to the platform. There is no mention on how the robots work or their accuracy levels. And this is a loophole as they claim that all the robots make a substantial profit margin. Ensure you sign up with robots that are transparent in their capabilities and features.

Is Signal2Forex licensed or registered?

From the look of things, Signal2Forex is not licensed or registered to offer any trading products or services. They show no indication of having a valid permit from any industry regulator. Since the servers are located in Atlanta, USA, we checked with CFTC and the NFA. Both of these regulators have not heard of such a robot provider. And we also checked with Belarus authorities for any regulation. They too have not heard or regulated this robot developer.

As far as safety goes, the robots don’t cover users. Anyone who deposits with this robot will not get insurance cover. And the robots don’t come with any money back guarantee features. Once you deposit funds with this platform, it is the last you will see of it. The problem with such robots is that they are not transparent. They should let users know before signing up about their regulatory status. We could not find any information regarding this robot in terms of license status.

Pros and cons of Signal2Forex

Available robots and their packages

Signal2Forex is targeting newbies with their thirteen robots. The robots come at a price of $49 which is the least to $219 for their mega storm robot. In fact, they only state that these robots will make you money and no other information is offered. They should have done a better job than just selling their robots. Interested clients would want to know the accuracy of these robots. Others would want to know the speed at which these robots execute trades.

Contact and support staff

They have listed a Skype contact Signal2forex and a Whatsapp number. These are the only available contact information on the website. There is no email or live chat support on the homepage. They want to make sales as opposed to offer insight on their trading tools. And this is where we have a problem with them.

Payment options

Disclaimer at the footer of their homepage shows vivid details on the available payment methods. The payment methods include Bitcoin, MasterCard, Neteller, PayPal, Skrill, and others. One safe way of depositing funds is through PayPal as they are able to dispute any chargebacks. If the customer is unhappy with the robot, they can file a chargeback claim with PayPal. Other depository options have no such feature leaving users heartbroken. And this is why investors should be more careful with the robot.

Scam or Legit Signal2Forex

After viewing all facts, we are certain that Signal2Forex is not offering reliable trading robots. These robots have no verified results from a trusted third party such as myfxbook. The robots don’t protect users from third party attacks since there is no security software. And this makes the robots a target for hackers.

Final thought

We won’t be recommending the use of any robots under this platform. The risks outweigh the expected ROI which puts investors at a disadvantage.

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