M15 Signals claims to deliver intraday signals on FX and Gold that bring about high returns. This company uses the M15 timeframe. As per the vendor, the company consists of a Singapore-based team of traders with experience and expertise in FX trading. It assures accurate and profitable services and boasts more than 100000 customers.
This is a subscription-based service of 1-, 3-, and 6-months duration costing $60, $120, and $190 respectively. All packages include similar features like delivery of 2 to 8 short-term signals via Telegram with 3 TP levels for each, a profit potential of up to 3500 pips monthly, and no manual close. We could not find a money-back guarantee which makes us suspect this is not a reliable service.
M15 Signals trading strategy
To use this service, you have to pick from the available subscription plans and join the Telegram Channel of the firm. Once you verify your specific plan account, you will start receiving the alerts. The vendor does not reveal the strategy or strategies used by the company. Instead, there is a vague mention of using accuracy strategies that reduce the risk of losses drastically. This does not reveal much info on the trading approach. The lack of transparency in the strategy explanation raises a red flag for this company.
M15 signals features
Some of the features that the vendor highlights as the main reason for its competitiveness are accuracy of 90% and working during the USA, London, and Asia trading sessions. Live alerts are sent via the Telegram channel and they are of market execution type. The minimum deposit needed as per the vendor is $100, but the recommended deposit is $400, which the vendor claims can produce better results. We could not find further info on the recommended leverage or the currency pairs this service focuses on.
M15 signals backtesting results
We could not find backtesting results for this company. Besides not divulging the strategy it uses for generating the alerts, the firm also fails to provide strategy tester reports. Although backtests are not predictive of future performance due to the use of historical data, traders find them a useful tool to evaluate a trading system. The absence raises a red flag for this service.
M15 signals live trading results
The vendor does not publish live verified trading results. As per the vendor, the results can be easily manipulated so the company asks users to try the free signals and know the accuracy and profitability. Under the History section, the vendor provides info on the pips gained every month since December 2018 and the number of successful and failed trades as shown below.
We prefer a track record verified by a reputed third-party site like myfxbook, FXBlue, and FXStat as we can find out useful info on the system. Details like the profitability, drawdown, risk to reward ratio, lot size, etc. help in better evaluation of the efficacy and risks involved in using the service. The absence raises another red flag for this company.
M15 signals reputation
According to the info present on the official site, the company is based in Singapore. It was founded in late 2018 and the vendor claims that the trading team has over 9 years of experience in professional trading in Forex. We could not find further info on the team members, their credentials, and other related info. A registration number is provided but we could not find the location address or phone number for the company. The lack of info raises doubts regarding the trustworthiness of the firm.
We found 28 reviews for this service on the Forexpeacearmy site with a rating of 2.095 out of 5. Here are a few of the user testimonials.
From the above feedback, we can see that the company scams people by not returning the profits made. As per the users, this is an unreliable service. One user mentions that there is no difference between the free and the premium channel services it offers.
M15 signals review summary
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 4/10
M15 Signals assures traders profitable and accurate services. Our evaluation of the features, trading approach, pricing, support, track record, and other aspects, reveals that this is not a trustworthy company. The vendor does not provide a verified track record or backtests for proving the claim of profitability. Further, the lack of strategy explanation, expensively priced plans, and negative user reviews confirm that this is not a reliable service. In short, we would not recommend this provider.
