M15 Signals offers trade alerts for Forex and Gold Intraday trading on the M15 chart. The vendor claims the service helps you in reaching all your trading objectives. Over 100000 customers have benefited from the company’s products as per the vendor. While the vendor boasts successful service and many years of experience, we could not find verified performance results and an explanation of the strategies used by the company. The lack of a proven track record and transparency concerning the strategy and other aspects makes us suspect this is an unreliable trading service.
What is M15 Signals?
As per the vendor, here are the main features that make this service gain a competitive edge in the market:
- Live Telegram alerts consisting of 2 to 8 signals per day
- An accuracy of 90% with pips of 1500 to 3500 per month
- Trade alerts are sent for currencies and gold
- There is no manual closing of trades and the system works during the Asia, USA, and London times
- Risk management advice is also part of the services.
According to the info provided in the FAQ section, the alerts are sent from 8.00 to 19.00 GMT which enables traders in all time zones to use them effectively. The minimum balance required for using the signals is $100 but the vendor recommends $400 for better results. Further, the vendor prefers customers to use their recommended brokers to avoid variations in the price quotes.
Official M15 Signals website
The official website is well-designed with separate sections for the pricing, signals history, contact, and FAQ. As per the info provided on the site, the vendor is based in Singapore since 2018. The team consists of professional traders and experts in the stock market. We could not find info on the individual team members, their expertise, and their experience.
Further, there is no location address, phone number, and other details for contact. A live chat and an online contact form besides the FAQ section are the support methods present. The lack of vendor transparency makes us suspect the reliability of the company.
How can we use M15 Signals?
As per the vendor, the working of the system is a straightforward method. You need to pick from the premium packages offered, join the Telegram Channel of the vendor, and verify the plan account you have chosen. On completion of verification, you will receive the trade alerts and execute the trades.
Pricing & refund
For using the services of this company, you need to pick from the premium plans present. The one-month premium plan costs $60, while the 3 months and 6 months plans cost $120 and $190 respectively. All plans include 2 to 8 short-term trade alerts with an accuracy of nearly 90%. About 1500 to 3500 pips can be earned per month and there is no manual close. Three TPs are present for each alert. There is no mention of a refund offer which makes us suspect the reliability of the system. Compared to the prices of competitor services, the pricing plans here are expensive.
As per the vendor, the company uses accuracy strategies that minimize the risk unlike the risk to reward approaches that competitors use. Other than the mention of accuracy strategies, we could not find info on the strategy used by the company. There are no backtesting results present. The lack of strategy explanation and the absence of backtesting reports raise a red flag for this service.
Signal history for the company is provided as a separate section on the official site. From the info found in the results below, the results reveal the info on the profit gained, the winning, and the losing trades. We prefer trading results verified by sites like myfxbook, FXBlue, etc. as they provide better insight into the performance. The lack of a verified track record raises another red flag for this company.
What customers say
We found 28 reviews for this company on the Forexpeacearmy site with a rating of 2.095/5. The user review below indicates that the company is unreliable and a complete scam.
Summary: is M15 Signals a trustworthy signal service?M15 Signals
Trading Results2/5 Bad
- Signals for FX pairs and Gold
- Risk management
- No explanation of the strategy
- Lack of verified trading results
- Expensive pricing