We have not tried this service from iForexSignals, but the performance claims are substantial. If you can afford the membership fees, you might want to take them for a test run. A one month subscription will cost you $199.95, 3-month costs $499.95 and the 6-month runs $799.95.

Daily trades are generated for 9 different currency pairs. They provide you with the complete trading signals – currency pair, type of trade, time to buy, time to sell and stop loss. After signing up as a member, you login and get the signals that are provided each Sunday for the week. You review them, follow the instructions and place the trades at the designated times.

Their track record seems pretty impressive. Check out the chart shown below for the past few months.

It should be noted that the average number of PIPs gained per month are probably the results of aggressive leveraging and placing multiple trades from the signals. This means you will have to maintain a large account with enough funds to be able to have 9 or 10 positions open concurrently.

According to the site, they will provide auto trading capability in the near future so that you will not have to place the trades manually. Currently the brokers they recommend are QuestradeFX, MB Trading and Dukascopy. All three brokers offer demo accounts which is not a bad idea to test out the system and confirming that they are as good as they say. It is better to lose the membership fees than losing all the money in a real live account.

The only guarantee they have is that you get a free month of service if you do not make a profit in the first two months. We are not sure if it’s a marketing ploy, but the site suggests that they have a cap on the number of subscribers and space is limited. If this is true, then they will close out to new members once the quota is met.

Feel free to comment and provide feedback. We are curious to hear some testimonies from anyone who is currently using the service. Happy trading, and remember – past performance is not indicative of future results.