Trend Signal Review: Things to Consider Before Investing

Trend Signal is a website providing Forex indicators and strategies. It was launched in 2003 as a collaborative effort between IT professionals and traders having a combined experience of more than 90 years. The company headquarters is located in Bedford, United Kingdom. 

Trend Signal is headed by a team of professionals, namely Managing Director Jerry Miller, Director Adrian Buthee, Associate Director Zoran Vucenovic, Associate Director Sam Lewis, and others. Unfortunately, there is no info on whether this company has built other signals, indicators, or automated systems in the past.

The highlight of Trend Signal

Let’s look at the main features of this platform:

Identify trades in just 20 minutes 

Trend Signal claims to have simple strategies based on rules that are easy to follow. The vendor claims that by spending only 20 minutes each day, you can identify lucrative trades in the Forex market. To us, this seems like an unrealistic claim. No matter how effective the strategy is, a successful trader must spend a few hours studying the market every day.

No complex analysis

On the official website, the vendor promises customers that they don’t need to analyze complicated candlestick and chart patterns. They have attempted to paint the system as self-sufficient, but haven’t clearly explained how the strategies work.

Tailored services 

Trend Signal offers personalized coaching sessions for clients. According to the vendor, these sessions are focused on results and they help customers attain efficiency and get them ready for the market. Again, we don’t know what these sessions involve, so we can’t comment on their effectiveness.

Reliable support 

When you sign up with Trend Signal, you enroll yourself into a training program that lasts at least 6 months. We don’t know what strategies and techniques are taught in this program. The vendor should have shared more information on this topic.

Trading strategy of Trend Signal

Unfortunately, there is very little information on the Sniper trading strategy offered by Trend Signal. Apparently, customers have to sign up for the service and attend the webinars to know the details. This is quite inconvenient for potential customers who wish to gain some insight into the strategy before committing to an investment. 

Backtesting reports 

EA vendors often test their automated strategies using historical data. These tests typically last a few years and they test the system’s performance in different market conditions. Since Trend Signal is not an automated trading system, the vendor has not deemed it necessary to share the backtesting data on the website.

Trading results in real time 

Verified trading results are the most important factor to consider before investing in a trading system. Reliable vendors always share the live performance of their systems on verified trading accounts hosted on third-party websites like Myfxbook, FXBlue, and FXStats. These results reflect the true performance of the system since the vendor doesn’t have the opportunity to manipulate them. Since there are no verified trading statistics for this system, there is no way we can consider it profitable.

Trend Signal price 

It is quite odd that we don’t have the pricing details of the service available on the website. Clients need to complete the registration process to get the details, but we don’t think this is the proper way to sell your services. Most traders wish to know beforehand what they are getting into, and nobody wants to invest in an overpriced service. The vendor offers a 14-day money-back guarantee, which means you have very little time to test the system’s performance. 

Customer support 

On the official website, we have an email address and a telephone number for the customer support team. There is also a contact form you can use to send a message to the team. However, there is no live chat feature.

Are traders happy with Trend Signal?

We came across multiple reviews for Trend Signal on the Forex Peace Army website. Many customers are not pleased with the service, and some of them have complained about suffering heavy losses. It is obvious that it doesn’t have a stellar reputation in the Forex trading community.