M15 Signals Review

M15 Signals

As a trader, you are invited to finance your future with M15 Signals. The team promises to do all the hard work to ensure that you attain all of your trading goals in the Forex market. They say that they will achieve this by providing you with lucrative Forex and gold intraday signals on the 15 minutes chart. 

The M15 Signals Company claims to have more than 9 years experience in Forex trading and the Stock market. However, they only began selling their services about 2 years ago and have assisted more than 100,000 clients so far. 

The team is composed of experienced traders and stock market experts based in Singapore. However, we are not satisfied with this information. We would like to know who these professionals are, the roles they play, their expertise, reputation, etc. This way, we can be sure they know what they are doing. 

M15 Signals at a glance

Price$60, $120, & $190
Trading platformsN/A
Currency pairsCADJPY, CADCHF, EURJPY, EURUSD, EURNZD, EURCHF, EURGBP, EURCAD, CHFJPY, XAUUSD, GBPUSD, GBPAUD, GBPJPY, GBPNZD, AUDJPY, AUDNZD, AUDUSD, AUDCAD, AUDCHF, USDJPY, USDCHF, USDCAD,NZDCHF, NZDJPY, NZDUSD, and NZDCAD
StrategyN/A
TimeframeM15
Recommended deposit$400
Recommended leverageN/A
Money managementN/A

M15 Signals functionality

The service also features the following:

  • A total of 2-8 signals per day for premium subscribers and 2-5 signals weekly for free subscribers
  • Telegram live alerts
  • Risk management advice
  • Signals for currencies and gold
  • Short term signals
  • No manual close
  • Customer support.

M15 Signals trading strategy tests

The company does not say which strategy the analysts use to generate the trading signals that they supply to their customers. This is odd given that they are sure that their services produce accurate results 90% of the time. Chances are that the professionals are lying to us, and they are using guesswork to select signals. 

Data that shows how the signals performed in the past is not presented. It is highly likely that the team did not conduct any backtest. Trading algorithms are usually tested to establish if they can work. This makes it possible for developers to take care of any problems in their approaches before they apply them in the live market. This may augment the chances of long-term success. In this case, we may be dealing with signals that use unproven strategies. As a consequence, they can have a negative impact on your trading experience. 

What about M15 Signals live trading results

The vendor does not furnish us with any verifiable results. We only have a table that highlights the pips gained between December 2018 and January 2021. According to the data, the signals generated thousands of profitable pips every month. From the look of things, the stats have been manufactured to appeal to traders. 

Trading results
Trading results

Customer reviews

We found several mixed customer reviews for this service on Trustpilot. A significant number of traders have brought to light some disturbing things about the signals. Contrary to what we have been made to believe, these services are not profitable at all. In fact, one customer indicates that the signals are very bad and have managed to wipe out his account. Furthermore, there are concerns that the signals are generated randomly, and no technical analysis is used. 

Customer testimonials
Customer testimonials
Customer testimonials
Customer testimonials

M15 Signals Review Summary

M15 Signals
2 5 0 1
M15 Signals is nowhere near being a reliable service provider. The devs are just too secretive. We have learned that the analysts are amateurs, and that’s why they are reluctant to reveal their identities. Also, their signals are products of guesswork, and this explains the hesitance to include the strategy in the presentation. Lastly, we are not supplied with backtest results since the team does not have any strategy to test.
M15 Signals is nowhere near being a reliable service provider. The devs are just too secretive. We have learned that the analysts are amateurs, and that’s why they are reluctant to reveal their identities. Also, their signals are products of guesswork, and this explains the hesitance to include the strategy in the presentation. Lastly, we are not supplied with backtest results since the team does not have any strategy to test.
2/5
Total Score
  • Functionality
    3/5 Neutral
    The company includes several desirable features in its services.
  • Trading strategy
    2/5 Bad
    The vendor fails to highlight and explain the strategy that the analysts use to identify trading signals.
  • Live results
    2/5 Bad
    The live trading data provided is not credible as it has not been verified by a third-party site like FXStat, FXBlue, or Myfxbook.com.
  • Customer support
    3/5 Neutral
    The devs provide various contact details, including Email, Facebook, Twitter, and Instagram handles that traders can use to contact them.
  • User reviews
    2/5 Bad
    Some of the M15 Signals customers have disclosed that the services offered are unprofitable.

The Good

  • Provides Telegram alerts
  • Offers customer support

The Bad

  • There are no backtest results
  • The live trading data provided is not credible
  • The signals offered are not profitable
  • Vendor transparency is lacking
Total
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