Best Forex Signals in South Africa – Get Free Signals Today

Many traders in South Africa are now turning to forex signals – as they allow you to actively buy and sell currency pairs without needing to do any research. Instead, your chosen forex signal provider will do this on your behalf – so all you need to do is place the suggested orders.

In this guide, we review the Best Forex Signals South Africa to ensure you are able to choose a provider that meets your trading objectives.

Best Forex Signals List

Here’s a quick overview of where you will find the best forex signals South Africa right now. You can scroll down to read our review of each forex signal provider.

1. Learn2Trade – Overall Best Forex Signals South Africa 2022
2. CryptoSignals.org – Best Trading Signals for Beginners
3. Direct Forex Signals – Dedicated Forex Trading Signals App
4. 1000Pip Builder – Strong, Verifiable Track Record
5. Daily Forex Signals – Forex Signals Target of 100 Pips Per Month
6. FXPremiere – Receive Forex Trading Signals From 50+ Sources
7. ForexSignals.com – Best Forex Signals South Africa for Education
8. Algo Signals – Live Forex Signals Placed on Your Behalf
9. MLQ5 – Forex Trading Signals for MT5
10. FXLeaders – Best Trading Signals in South Africa for Those on a Budget

Best Forex Signals Reviewed

With hundreds of providers active in this industry, finding the best forex signals in South Africa is not easy. Crucially, many of the forex signals services you come across will make fake claims about how much money they have previously made. However, in most cases, it’s impossible to know whether or not the provider is legitimate.

To help point you in the right direction, below you will find reviews of where to find the best forex signals South Africa for 2022.

1. Learn2Trade – Overall Best Forex Signals South Africa 2022

Learn2Trade is an established and trusted provider of top-rated forex signals. To illustrate how popular with forex signal provider is – the Learn2Trade Telegram group is now home to over 24,000 members. This is where the provider sends out its forex signals in real-time. When a signal has been posted to the group, it will tell you which forex pair the suggestion relates to and whether you should buy or sell. For example, you might be told to buy EUR/AUD at 1.5850.

Most importantly, Learn2Trade will also give you a suggested stop-loss and take-profit price. This means not only means that you will be trading in risk-averse conditions, but you don’t need to sit and wait for the signal to play out. Instead, your trade will be closed automatically when either the stop-loss or take-profit order has been triggered. In most cases, the team at Learn2Trade will target a profit of 3% on each position and at a risk level of 1%.

When it comes to pricing, Learn2Trade charges just £35 per month – which will get you between 3 and 5 quality forex signals each day. You can reduce your fee further by signing up for a longer plan. We like the fact that unlike a number of providers offering forex signals in South Africa – Learn2Trade offers a 30-day moneyback guarantee on its premium plan. As such, by starting off with a brokerage demo account, you’ve got nothing to lose.

In fact, Learn2Trade also offers 3 free forex signals per week for those that want to test the provider without spending any money. We should also note that the Learn2Trade website is packed with educational content. This includes hundreds of comprehensive guides on forex trading, risk management, choosing a broker, leverage, and more. You will also find an abundance of daily financial blogs, forex courses, and videos.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

2. CryptoSignals.org – Best Trading Signals for Beginners

The team at CryptoSignals.org has been offering quality cryptocurrency trading suggestions since 2014. The platform has since built a huge following on its Telegram channel – not least because it boasts a long-term success rate of 85%. This means that for every 100 trading signals posted, 85 will return a profit.

In a similar nature to Learn2Trade, all suggestions that the team at CryptoSignals.org distribute come with the required pair and whether you should go long or short. You are also provided with those all-important stop-loss and take-profit orders. If you want to try CryptoSignals.org out before making a financial commitment – you might consider signing up for the free plan.

This typically gets you three trading signals throughout the week. If you sign up for the premium plan, this increases to 2-3 quality trading signals per day. The premium plan comes with a 30-day moneyback guarantee, so it’s a good idea to test the provider out by placing the suggested orders through a demo account.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

3. Direct Forex Signals – Dedicated Forex Trading Signals App

If for some reason you’re not a fan of Telegram, you might consider Direct Forex Signals. This provider of forex signals will distribute its suggestions via its own native app. This is available on both iOS and Android – so you’ll never miss a trading opportunity again.  Direct Forex Signals claims to have a win rate of 89% – which is impressive.

Although these figures cannot be verified, the forex signals provider does have over 12,000 members on its books. Plus, Direct Forex Signals also offers a 30-day moneyback guarantee. There are no free forex signals offered by the provider, so you will need to sign up for a premium plan. This will cost you just £25 per month. For a 3 and 6-month plan, this will cost you £55 and £85 respectively.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

4. 1000Pip Builder – Strong, Verifiable Track Record

The next forex signals provider on our list is that of 1000pip Builder – which was launched over a decade ago. The platform sends out between 2-7 forex signals per day, five days per week. In total, the provider will aim to make gains of 350 pips per month – so your profit potential depends on how much you are willing to risk.

Bearing in mind that 1000pip Builder specializes in 15 currency pairs, you’ll want to make sure you choose a forex broker that gives you access to a wide variety of markets. Nevertheless, all forex signals come with a clear entry, stop-loss, and take-profit order.

You can elect to receive your trading signals via Telegram, email, or SMS (additional charge). In terms of pricing, 1000pip Builder will cost you $97 per month or $227 when signing up for a 3-month plan. The provider is currently offering a flash sale on its 12-month plan – which now costs just $337.

Pros:

Cons:

Your capital is at risk.

5. Daily Forex Signals – Forex Signals Target of 100 Pips Per Month

As the name suggests, Daily Forex Signals is a specialist provider of currency trading suggestions. The signals are sent out by the provider’s mobile app – which is available to download from the Google Play and App Store. Through the course of the month, Daily Forex Signals will aim to make slow and steady returns of 100 pips.

All forex signals come with the required stop-loss and entry price, alongside multiple take-profit orders. The team at Daily Forex Signals claims to focus on short-term pricing trends via technical indicators. One of the provider’s most favoured pricing trends in the daily pivot breakpoint.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

6. FXPremiere – Receive Forex Trading Signals From 50+ Sources 

If you are finding it difficult to choose the best forex signals provider for your needs – it might be worth considering FxPremiere. This is because the platform collects forex signals from 50 different providers that are active in this space. On the one hand, this means that you will have an abundance of forex signals throughout the day.

On the other hand, the sheer number of signals coming through might be a bit daunting to cope with at first. As such, it’s best to spend some time assessing which forex signal providers are best for your financial goals.  You can elect to receive the signals via Telegram or WhatsApp – both of which offer real-time notifications.

Plans start from a very reasonable $37 per month and all signals come with suggested risk management order prices. This includes up to three take-profit targets on each signal – meaning you can choose an exit strategy that aligns with your appetite for risk.  If you want to have lifetime access, this will cost you a one-off fee of $500.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

7. ForexSignals.com – Best Forex Signals South Africa for Education

ForexSignals.com is an established provider with a huge online following. The provider makes it clear that traders should never rely fully on forex signals – so it promotes ongoing education. Not only does this include handy guides and a 24/7 chat room, but frequently posted videos and webinars.

In terms of its forex signals service, suggestions are posted by verified traders throughout the day. As such, you can choose to follow specific traders rather than attempting to act on each and every signal.

In terms of pricing, ForexSignals.com charges $97 per month – which is on the side of expensive. It is possible to get this down to $49.50 per month when signing up for a 6-month plan ($297) In addition to this, ForexSignals.com offers a 7-day trial. This at the very least allows you to take the platform for a test drive before making a longer-term commitment.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

8. Algo Signals – Live Forex Signals Placed on Your Behalf

Unlike the other providers discussed today, Algo Signals offers an automated service. This means that you are not required to go and place the suggested trading orders yourself. On the contrary, Algo Signals does this on your behalf. You will, however, need to open a brokerage account with one of its partnered platforms to benefit from this fully automated system.

Once you sign up, you will be able to trade with virtual money via a demo account. This allows you to test out Algo Signals in real-time without risking any capital. You also have the option of tweaking the signal strategy so that the software aligns with your financial goals and appetite for risk.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

9. MLQ5 – Forex Trading Signals for MT5

MetaTrader 5 (MT5) is a popular third-party trading platform that you are able to connect to an online forex broker. The platform is particularly useful for experienced traders – as it comes packed with charting tools and technical indicators. With that said, MT5 also offers its MLQ5 marketplace – which allows you to trade forex in a passive manner.

This marketplace gives you access to thousands of third-party signal providers. Once you purchase a signal package, you can install the software into MT5. This allows you to trade autonomously, as the signals will transition in live trading orders. Prices and past performance will vary widely, so make sure you do some homework before choosing a signal provider.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

10. FXLeaders – Best Forex Signals in South Africa for Those on a Budget

If you’re interested in the best forex signals in South Africa but are on a budget – you might want to consider FXLeaders. This popular online forex signal service charges just $39 per month. With that said, if you are prepared to purchase an annual plan via a single payment – you’ll reduce your price to $9.80 per month.

Alternatively, if you sign up with AvaTrade – the platform’s partner broker, you can get a 1-year premium signals membership for free. Although FXLeaders also claims to offer free forex trading signals throughout the week for users without an account, the platform blacks out key data. For example, some free trading signals come without a stop-loss or entry price.

Pros:

Cons:

There are no guarantees that you will make money with this forex signal provider

What are Forex Signals?

Forex signals are essentially trading suggestions that are sent to you in real-time. Each signal will contain a set of key data that allows you to head over to your chosen forex trading site and place the suggested orders. For example, the forex signal might tell you to short GBP/USD at an entry price of 1.4201.

The best forex trading signals also come with a stop-loss price. This ensures that you never lose too much money on a single trade.  Additionally, you’ll also receive a take-profit order, so that you can target modest gains without needing to sit at your computer watching the position unfold.

Ultimately, the overarching benefit of signing up with a forex trading signals provider is that you don’t need to do any research or technical analysis. As you likely know, this is something that can take a long time to master. While in the long-term learning how to read pricing charts is crucial to make consistent gains, the best forex trading signals offer you a shortcut.

This is because your chosen provider will perform technical analysis behind the scenes and let you know when a trading opportunity has presented itself. Then, it’s just a case of placing the suggested orders. The most challenging part is finding a top-rated forex trading signals provider that is able to outperform the market – as there are hundreds active in this space.

How do Forex Signals Work?

As noted above, forex signals are suggestions or tips that tell you what orders to place with your forex broker. Before you get to the stage of receiving forex trading signals, you first need to choose a provider. This normally entails opening an account and signing up for a plan. Most providers charge a monthly fee that gives you access to premium signals in real-time.

For example, Learn2Trade offers 3-5 quality forex signals per day (Monday to Friday) for just £35 per month – and less if signing up for a longer plan. Once you have paid for your chosen forex signal plan, you then typically need to join the provider’s Telegram group. This is usually where the signals are posted.

A forex trading signal will often look like the following:

• Pair: NZD/USD
• Signal: Buy
• Entry Price: 0.7166
• Stop-Loss: 0.7070
• Take-Profit: 0.7310

The example above shows that the best forex signals in South Africa will tell you which pair should be traded and at what entry price. You also provided a stop-loss and take-profit price. In some cases, you might receive multiple take-profit prices – which allows you to choose one that meets your preferred risk/reward ratio.

How to Pick the Best Forex Signals for You

As noted throughout this guide, there are hundreds of forex signals services available in the online space. This can make it a very cumbersome process in choosing one that meets your requirements. In fact, many of the forex signal providers offering their services are nothing short of a scam – as they make hyperbole claims that cannot be independently verified.

To ensure you give yourself the best chance possible for selecting the best forex signals for you – check out the list of considerations highlighted below.

• Success Rate: The success rate of a forex signal service indicates what percentage of trades have resulted in a profit. For example, Learn2Trade has a risk-averse success rate of 79% – meaning that 79 out of every 100 signals return a profit. The most important thing is that you can verify the success rate of your chosen forex signal provider.
• Myfxbook: Leading on from the above point on success rates, the best forex signal providers will have a linked account on Myfxbook. This is a third-party platform that is able to publicly verify each and every trade entered by a signal provider. In other words, if the provider is legitimate – they will have no issues opening up their positions to Myfxbook.
• Fees: Although you should avoid choosing a forex signal provider based solely on fees, this should still be a core consideration to make. This is especially the case if you are only planning to trade small amounts. For example, if your average trade size is $20 and you are paying $100 per month for forex signals, this likely won’t be viable for you.
• Free Trial: An even better way to test out the claims of a forex signal service is to run the suggestions through a demo account. This allows you to try the provider risk-free. However, for this to be possible, your chosen provider must offer a free trial of some sort. Learn2Trade offers a 30-day moneyback guarantee to all new premium plan members.

As you can see, there is a lot to consider in your search for the best trading signals.

Free Forex Signals

Looking for the best free forex signals for 2022?

Here’s what you need to know:

Free vs Paid Signals

It goes without saying that you will need to pay for the best forex signals in the market. After all, somebody is doing the hard work for you by performing advanced technical analysis in the background. By consistently outperforming the market, the forex signal provider rightly charges a fee for their efforts.

At the other end of the spectrum, quality free forex signals are few and far between. Once again, this is because it just doesn’t make sense for a team of traders to dedicate their time to research the markets on behalf of somebody else – to then give their findings away for free.

What you will find in many cases is that free forex signals will often come with at least one piece of key data that is blacked out. As we noted earlier, the likes of FXLeaders will cover the stop-loss or entry price. If you need to pay money to reveal the respective order price, the signals are not really free at all.

Best Free Forex Signals

Although the best free forex signals require a paid subscription, we were impressed with what Learn2Trade offers. This is because the platform offers 3 x free forex signals per week – with no requirement to open an account or deposit any money. Unlike FXLeaders, Learn2Trade still provides all of the same entry and exit prices as offered to its premium members.

This means that nothing is blacked out. The reason that Learn2Trade offers free forex signals, is that it allows people to get a feel for its service in a risk-free manner. And of course – the provider also offers a 30-day moneyback guarantee.

Best Forex Signals App

Without a doubt, the best forex signals app in the market is that of Telegram. In fact, this is the messenger application utilized by the vast majority of the signal providers discussed today. The reason for this is that Telegram allows signals to be sent in real-time.

The end-user will receive a notification as soon as the signal is posted to the Telegram group – so they can then act on it straight away.

Telegram is also the best forex signals app as it allows members to communicate and receive support from a verified team member. Additionally, Telegram allows the forex signal provider to post charts and graphs, detailing the technical analysis behind the trading suggestion.

Conclusion

In summary, the best forex signals in South Africa allow you to trade currencies without having any knowledge of fundamental or technical analysis. The provider will instead do that on your behalf in return for a fee. As such, you can trade forex in a semi-passive nature, as all you need to do is place the suggested orders.

If you’re looking to start receiving forex signals to your Telegram in real-time – Learn2Trade is a great option. The provider offers a 30-day moneyback guarantee on its premium plan – which will get you 3-5 forex signals per day. Plus, Learn2Trade also offers a free forex signal group – should you wish to test the provider out.

Learn2Trade – Best Forex Signals in South Africa

There is no guarantee you will make money with this forex signal provider.

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