Trading signals are recommendations made by either experienced traders or specialized software that help traders decide when to buy or sell currency pairs. These signals can be particularly useful for novice traders or those looking to enhance their trading strategies. Several reputable forex brokers offer free trading signals as part of their service offerings. Here’s a list of some well-known forex brokers that provide free trading signals:

1. eToro

• Features: eToro is renowned for its social trading network where traders can follow and copy the trades of other successful traders. This platform effectively offers free trading signals as users can see when and what the experienced traders are buying or selling.
• Regulation: CySEC, FCA, ASIC

2. XM

• Features: XM provides free trading signals via the MQL5 signals service, which is built into the MT4 and MT5 trading platforms. These signals cover a range of assets, including forex, commodities, and indices, and are updated twice daily.
• Regulation: IFSC, CySEC, ASIC

3. AvaTrade

• Features: AvaTrade offers free trading signals through AvaTradeGO in partnership with MQL5 signals service. Traders can access a range of signal providers within the trading platform and choose which to follow based on their performance history.
• Regulation: ASIC, FCA, BVI, FSCA, ADGM, FRSA

4. FXTM (ForexTime)

• Features: FXTM provides free trading signals developed by their in-house market experts. Their signals are accessible via email and cover key forex trading pairs, including analysis and expected target levels.
• Regulation: FCA, CySEC, FSC, FSCA

5. IC Markets

• Features: While IC Markets itself does not directly provide trading signals, it offers access to third-party services that provide trading signals, such as Autochartist and Trading Central. These services are free for IC Markets clients and integrate directly with the trading platform.
• Regulation: ASIC, CySEC, FSA

6. Pepperstone

• Features: Pepperstone offers free trading signals via their partnership with Trading Central, a respected provider of technical financial analysis. Signals are available through their secure client area and can be a valuable tool for trading decision support.
• Regulation: FCA, ASIC, DFSA, SCB, CySEC, BaFin

7. Intertrader

• Features: Intertrader provides free trading signals from Trading Central, offering technical analysis and potential trade opportunities directly within the platform interface. This can be particularly helpful for traders looking for actionable insights without the need to conduct the analysis themselves.
• Regulation: GFSC

Conclusion

When choosing a forex broker that offers free trading signals, it’s important to assess the quality and reliability of these signals, considering they can significantly impact your trading decisions. Ensure the broker is well-regulated and the signals are provided by reputable sources. Moreover, consider testing these signals via a demo account before applying them in live trading conditions to understand their effectiveness and how they align with your trading style.