Best CFD Signals Providers 2023 | Never Miss a Trade

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We live in a world where everything is changing day by day. Our lifestyle, our food, our entertainment, and even the way we communicate with others have been changed. Things are going so fast that it is difficult to follow them up.

As a trader, whether you work on Forex or CFD, you need to understand one thing very clearly; a single mistake can cost you a lot. Even if you have the best trade idea, due to lack of proper information or because of randomness, you will fail.

In this era of the internet, there are numerous online platforms that claim to provide elite services for trading with signals across different types of financial assets.

Many trading enthusiasts also try to generate their own signals, but the problem is that they are not sure whether it is reliable. For all these types of traders, there are some great service providers who have been in this field for a long time.

Hence I have shortlisted top CFD signal providers, which you can use to improve your rate of success. Here's an introduction to these platforms.

1. Learn 2 Trade

Learn 2 Trade is the first and only 100% free CFD signal service. This platform is basically designed for those who are new to day trading and want to improve their skills. You can easily find out whether your trade idea works or not by taking signals from this reliable platform.

All you need to do is sign up with your email id and enter the trading account details. The team of this platform will directly contact you to fetch your trading preferences and then start giving signals.

You can also ask them to give a demo about how it works before taking actual signals. I have used this platform for some time and found it pretty good. It offers multiple CFD currencies, so you can trade with your preference.

But it would be better if they also give a live chat facility where you can ask them to explain or change the signal according to your needs or conditions of the market.

Advantages

Signals win at a high rate:

As I have used this platform, I can tell you that the win rate of their signals is over 80%. They also do not give unnecessary signals as they check the depth and breadth of various trading ideas before providing a signal. This increases your accuracy too.

Detailed Analysis:

You can get all the required information about their signals in advance. This includes entry & exit prices, expected target levels, R/R ratios, etc. All these details help you to make an informed decision about your position.

Great Trading Strategy:

I have seen that all the traders on their platform follow a strict trading strategy. This strategy is made keeping in mind the current market conditions and helps you to increase your profit faster than others.

Covers all the instruments:

They provide signals for a wide range of trading assets. You can trade in Yen pairs, Crude oil, Gold, and Silver with them. This gives you a number of trading opportunities in a single platform without worrying about your broker.

Also offers Trading course:

They also give you access to a trading course designed by experienced traders. You can learn the basic and advanced concepts of day trading from them and earn more profits in the long run.

Easy to use:

Their platform is pretty simple and easy to use. The team also provides regular signals, which are very useful for beginners, as they can easily understand them. As I have experienced myself, it takes only a few minutes to trade using their signals.

2. ZuluTrade

ZuluTrade is a popular CFD signal service provider. Just like Learn 2 Trade, it also offers multiple currencies for trading.

The main advantage of ZuluTrade lies in its web-based platform. You don't need to install any kind of extra software or application on your computer to use this platform. Another big advantage is that this platform gives you signals from a long list of top traders.

ZuluTrade

So even if your own trade idea fails, you can make use of the other trader's signals and improve your success rate. Zulu Trade also offers a demo account so that you can test all their services without risking a single penny.

It would be better if they also provided a live chat facility where you can communicate with their trading experts to change the signals according to your preference or market conditions.

Advantages

Follow successful traders:

It is a web-based platform where you can learn about market trends, analysis methods, and other trading strategies from professional traders.

Moreover, their signals are also based on the same strategy, so it will be easy for you to understand them. You can follow any trader according to your choice without signing up with them again.

Copy Trading Feature:

ZuluTrade has a unique feature of copy trading, where you can follow other traders and make automatic trades based on their winning trades. You can either follow them fully or partially to enhance your win rate.

Real-time Analysis:

Their web platform contains real-time market analysis for all the major currencies such as Yen, Euro, US dollar, etc. So you can easily understand the market scenario and position yourself correctly to maximize your profit potential.

Free Demo Account:

ZuluTrade also provides a demo account, where you can follow the other traders without any risk. You can learn from their strategies and modify your own strategy accordingly to get a better profit rate in the future.

Portfolio Diversification:

They offer a wide range of trading instruments that allows you to diversify your portfolio. You can also create a single My Strategy and follow it on all the instruments. This will increase the chances of your success rate without much effort.

Great customer support:

Their customer support team is quite active and provides instant help whenever you need it. They have a number of other services, such as trading tutorials, strategy videos, etc., which will be useful for beginners to start their trading journey successfully.

Reliable:

With ZuluTrade, you can rely on their signals as they are generated by a pre-programmed algorithm that takes the trader's success rate into account. This ensures that your chances of winning are much higher than other signal services.

3. eToro

eToro is a popular CFD signal platform that offers thousands of CFDs on various stocks, commodities, currencies, and indices.

It also provides an auto trading facility for the users where they can easily copy the signals received from other traders who are using this platform. Hence you can replicate their success with fewer efforts. On eToro, you can also find a number of top traders who are working day by day to make profits.

You should follow them and test their trade ideas. If you are convinced, then go ahead and replicate their signals for your account.

eToro

Though eToro has a good platform still, there is some issue with its customer services. As they don't have any chat or phone support, you can't talk to them easily. They recently started offering webinars for the traders where some experts share their tips and tricks about trading on eToro.

So this is also a good way to learn new concepts without any delay. If you are passionate about day trading, then I would recommend you to try this platform at least once.

Advantages

Copy Trading:

On eToro, you can easily copy the trades of other successful traders by setting up a Trader Pro account. Once done, you should copy your chosen trader's trades on your own account according to their signals.

Real-time Analysis:

Their web platform contains real-time market analysis for all the major currencies such as Yen, Euro, US dollar, etc. So you can easily understand the market scenario and position yourself correctly to maximize your profit potential.

Free Demo Account:

eToro also provides a demo account, where you can follow the other traders without any risk. You can learn from their strategies and modify your own strategy accordingly to get a better profit rate in the future.

Easy to use:

eToro is quite easy to use and doesn't take much time to get used to their web platform. So if you are just new to the CFD trading market, then I will recommend trying this platform first before going anywhere else.

Trustworthy:

Though it has some issues regarding customer support, its services are 100% genuine and reliable. It doesn't charge any fee or commission for using its platform, so you can get the best possible deal here.

eToro has around 3 million registered users and over 200,000 subscribed traders. It provides a number of educational resources for beginners, including webinars, trading tutorials, etc., to get started with CFD trading easily.

4. 1000 Pip Builder

1000 Pip Builder is one of the best CFD signal providers. This service has been providing its signals for the last 10 years and has earned a good reputation among traders. Though it is not as popular as ZuluTrade or eToro still, many traders use this platform to increase their rate of success.

If you visit their website, you will get to know that this platform offers CFDs on commodities, cryptocurrencies, indices, and stocks. Therefore you can easily replicate their signals in your own account to earn profits.

1000 Pip Builder

The best thing about 1000 Pip Builder is that it gives free daily market watch videos for the traders where they provide detailed analysis of the currencies moving up or down.

You can use these videos to learn about the new trending currencies and earn profits. The only downside of this platform is that they don't offer any demo accounts. You cannot test their signals or services without risking your actual funds.

So you should use it with caution and only after having a good experience with other signal providers like Learn 2 Trade, ZuluTrade, or eToro.

Advantages

Safe and Secure:

On 1000 Pip Builder, you will find many professional traders who are doing their job day by day to help people to earn profits in CFD trading. You can also subscribe or copy their trades to your account and gain guidance for free.

User-friendly platform:

1000PipBuilder provides a user-friendly web platform with detailed market updates and alerts for traders. So you can easily get the signals and follow them in your own account without any delay or confusion.

Free Education:

This service offers free education and training to its subscribers in webinars and market videos. You can easily learn about new trading concepts from these sessions, which will increase your success rates in the long run.

Demo Option:

1000Pip Builder provides a free demo account to the traders. In this account, you can follow other successful traders and learn from their strategies without risking your actual funds.

Mobile App:

You can also download their Android or IOS app for following market updates and signals on the go.

Customer Support:

1000Pip Builder provides 24/7 customer service to its customers. If you are facing any difficulty while following the signals or purchasing their services, then you can contact them through email, phone call, or Skype.

5. Forex Signals.com

Another popular CFD signal provider is Forex Signals.com. It has been providing its service for around 3 years, and most traders recommend them because they offer various trading signals across all major currencies like AUD, CAD, GBP, EUR, etc.

It does not provide any demo account to the new users, but you can get acquainted with its platform by signing up for free. If you are satisfied with their services, then you can proceed with their premium service to increase your earnings.

Forex Signals.com

One good thing about Forex Signals is that they have a large number of followers on Twitter too. So if you are not comfortable following them, then you should at least follow them on Twitter to get their latest updates about the market.

Their customer services are not that good as you cannot talk to them through phone or live chat. So before taking any service from them, you should read the reviews and testimonials of other traders who already used their service to increase your success rate.

Advantages

Reliable:

Forex Signals is one of the most reliable CFD signal providers in the market. They have a good number of followers on Twitter, and the best thing about them is their signals are very accurate, which makes you win 80-90% of your trades.

User-friendly platform:

It provides a user-friendly web-based platform for its traders. So you can easily take their signals and execute them in your own account with a single click of your mouse.

Safe and Secure:

Forex Signals never ask for any login or account details from the traders as it is completely secure. You can subscribe to its services or follow other users' signals without any fear of hacking because they never share any type of information with anyone.

Mobile App:

Forex Signals doesn't provide any Android or IOS app yet. But you can visit their website through a mobile browser to get the latest market updates and signals.

Customer Support:

Forex Signals has a good customer support service that is available 24/7 for its users, even though they cannot be contacted through phone or live chat. You can contact them via email and Skype, and they will reach you within a few hours.

Real-Time Analysis:

Forex Signals provides real-time analysis on its website along with the signals so you can learn how to analyze the market on your own.

Good for Advanced Traders:

These signals are not for the new traders because they need some knowledge about technical analysis to understand their charts. If you can understand the chart patterns, then you will be able to earn good profits using these services. Now that we have known the best CFD Signals Providers, let us understand some basics:

What Is A CFD?

CFD stands for Contracts For Differences. It is an agreement between two parties to exchange the difference in the price of the security between when the contract is opened and when it is closed. The CFDs are considered to be complex financial instruments, so they should only be traded by experienced traders who fully understand all the risks involved with them.

What Is A CFD?

How Does CFD Work?

CFD trading involves buying and selling contracts, which are nothing but agreements between two parties to exchange the difference in the price of the security.

There is no delivery of any actual currency, equity, or commodity at any point in time. You do not own anything; you are simply speculating on the rise or fall in prices of these financial instruments.

Also, in CFDs, you are leveraging your position; the margin required in CFD trading is much smaller than in buying or selling actual shares.

Why Trade With CFDs?

CFDs provide numerous advantages to their traders, like leverage, tax efficiency, etc. One of the biggest benefits is that you can benefit from both falling and rising markets with just a small margin of money.

No other market can provide such an opportunity, so it is a useful instrument for day traders who generally scalp the market and take advantage of short-term price movements in currency pairs or commodities.

When Do We Need To Use CFDs?

Currently, there are two types of CFDs, i.e., one based on indices and another based on shares. Indices CFDs are also known as spread betting, where you can bet on any index like BSE Sensex, FTSE 100, etc. Share CFDs are an alternative to buying the actual share when you think that its price will go up in the short term.

For example, if you expect that the price of Apple shares will rise in the next few days, you can buy the share CFD instead of spending hundreds of dollars on buying actual shares.

How Do Trade CFDs Safely?

Before you start trading in CFDs, ensure that you go through all the documentation and understand how this type of trading works. However, as a general rule, it is better to trade on an exchange or with a well-established company.

You should also try to use risk management tools like stop-loss orders and diversify your portfolio to minimize the risks involved with CFDs.

How Are CFDs Taxed?

When you trade-in CFDs, it is considered betting rather than investing. Because of this, you will have to pay taxes according to your country's gambling laws. You may also have to pay taxes on any profits you make. Since this is a speculative instrument, any losses you incur during trading are not deductible for tax purposes.

How Can I Test My Trading Strategy?

If you want to test your trading strategies without risking any capital, then the best way is to use a demo account. Once you get comfortable with the signals provided by these services, then you can proceed with their premium service to increase your earnings.

One good thing about Forex Signals is that they provide you access to demo accounts with virtual money. You can use the signals provided by them and test your strategies before using their services for real money trading sessions.

However, having a demo account is not enough, as you also need to perform appropriate backtesting on the historical data of the market. So that you can know how effective your strategy is and how much % return you will get for your investment.

What Is The Process Of Backtesting?

When you do backtesting, it means that instead of using historical data to trade with real money in live sessions, you try to use this data in your strategy and see when and how it performs in different market conditions. If you are able to get a good profit from your backtesting, then you may proceed with live trading sessions.

Why Is Backtesting Required?

No matter how experienced you are in the field of finance and currencies, it is always better to test your strategies before using them for real money trades.

By doing this, you will be able to identify and remove all the flaws and errors that might occur while using your strategies in live sessions.

What Are Signals?

Trading signals are indicators that have various ways of predicting the direction in which a currency will move. Some of them can be technical, while others may be related to news or economic factors.

You can use these predictions for your trades and earn a lot of money just by following a couple of simple steps.CFD Signals have been around for a long time, and there are some good ones as well as bad ones.

One should always take a lot of care before choosing a service provider to ensure that they do not fall into the wrong hands and end up losing all their money.

How To Choose A Good CFD Signal Provider?

  • First, you should check for their performance in previous years and how much return they provided to their investors. If you do not find any record of them, then it is better to stay away from them as they might be providing fake signals.
  • Try to find out whether the company provides support in all major pairs like EUR/USD, GBP/USD, USD/JPY, or AUD/USD. If you are not able to get any information on this, then you should try another signal service provider.
  • Check whether they provide other useful services like webinars, educational videos, or any other program for their members. You should also see whether they offer daily market reviews to update all traders with the latest happenings in the market. In addition, it is always better to have a reliable customer support service as well so that you can bounce off your doubts and queries when you face them in trading sessions.
  • Try to find out whether the company employs professional traders who trade on the live market and provide signals for their subscribers. If they do, then it is a positive point as experienced traders will be able to provide better trading signals than newbies without any prior experience in trading currencies in CFD markets.
  • Finally, you should check whether the company provides a free trial for their service so that you can test the quality of their signals before opting for a paid subscription.  

The hardest part is to identify one who will suit your style and give you reliable trading signals. But if you follow these simple steps, then it will become a lot easier for you to choose the service that best meets your needs.

Conclusion

With that being said, I would like to conclude this article. Through the above-mentioned information, you should have gained enough knowledge on why backtesting is necessary and how it can help you in picking a good CFD signals provider. So do not wait any longer, as your money deserves good investment strategies and profitable trading sessions!

Michael Restiano

I lead product content strategy for SaltMoney. Additionally, I’m helping our broader team of 4 evolve into a mature content strategy practice with the right documentation and processes to deliver quality work. Prior to Instacart, I was a content strategy lead at Uber Eats and Facebook. Before that, I was a content strategist at SapientNitro, helping major Fortune 500 brands create better, more useful digital content.

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