Expert AdvisorsForex

M15 Signals Review: Things You Need to Know Before Investing

3 Mins read
2.8

M15 Signals is a company purporting to offer profitable and accurate low-cost Forex and Gold signals. The devs say that they have created an all-in-one solution to make your trading time lucrative, interesting, and easier than ever. Let’s assess the different characteristics of the services one by one to find out if these claims are true and if you can rely on the signals. 

M15 Signals trading strategy

The M15 Signals team does not feature their trading strategy in the presentation. The only obvious thing is that the professionals focus on the M15 chart. The lack of strategy description or explanation denies traders the opportunity to gauge if the approach suits their unique trading needs. 

M15 Signals backtesting report

The company has not posted any backtesting report. We cannot overlook the importance of testing a strategy before introducing it to the public. If created and interpreted in a proper manner, the testing can help developers to enhance their strategies and identify any theoretical or technical flaws. In addition, the devs may gain confidence in the ability of their approach to benefit traders in the real world markets. In this case, we are concerned that the vendor cares less about finding out the efficiency of their signals in the long run since they didn’t bother to test them.. 

M15 Signals live results

There aren’t any verified or credible trading results. What we have, instead, is a screenshot of the signals’ performance from December 2018 to January 2021. There is no technique or criteria to verify the results below; they are not in FXBlue, neither in Myfxbook.com, nor in any trusted website. As you can see in the chart, it is highly suspicious that there are no losing months. We also don’t have records for open trades or drawdowns. Moreover, it is impossible to tell how long these trades took before they were closed. Therefore, with this performance chart, you can’t make any smart decisions.

Trading results
Trading results

Some features of M15 Signals

Total returnN/A
Maximal drawdownN/A
Average monthly gainN/A
DeveloperM15 Signals
Created, year2018
Price$60, $120, $190
TypeN/A
TimeframeM15
Lot size2% of equity per signal
LeverageN/A
Min. deposit$100
Recommended deposit$400
Recommended brokersN/A
Currency pairsEURAUD, EURCAD, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, USDCAD, XAUUSD, and many more.
ECNN/A

Other features include:

  • Risk management advice. 
  • Two to eight signals per day.
  • Telegram live alerts.
  • Makes about 1500-3500 pips per month.
  • No manual close.
  • Focus on Asia, London, & USA times.
  • Take profits and stop losses.

Main things that make M15 Signals unreliable

  1. Insufficient vendor transparency

At the moment, the only thing we know about M15 Signals is that it is a Private Limited Company situated in Singapore. There is no information whatsoever about the people who are working behind the scenes to generate the signals. In light of this, it would be risky to entrust them with your money because you don’t know if they are legit or if they know what they are doing. 

  1. Undisclosed trading strategy 

As mentioned earlier, this vendor fails to mention the strategy used to identify which signals will produce favorable results. Any serious trader would want to know how the vendor is handling their investment. So, in this case, it is possible that the team involved consists of amateurs who lack basic knowledge about signal trading and will consequently bungle your investment. 

Pricing details

M15 Signals is offering 3 different premium plans. We have the 1-month, 3-months, and 6-months subscription options that cost $60, $120, and $190, respectively. All of them offer similar features. The only difference is the period you will enjoy the services. None of the packages come with a money-back guarantee. 

M15 Signals’ pricing details
M15 Signals’ pricing details

Other notes

M15 Signals is quite popular among Forex traders if the many customer reviews on Trustpilot are anything to go by. Sadly, a significant number of traders are not satisfied with the services offered. As you will see below, there are concerns that the company’s signals are not as profitable as advertised. We are also informed that the devs pick up signals randomly and keep on changing SL levels. 

Customer feedback
Customer feedback

M15 Signals Summary

2.8
M15 Signals is not a reliable service provider. The devs are not willing to reveal their identities and qualifications, the strategy they use, the historical performance of their signals, and credible results showing us how the services are doing in the current market. Therefore, you cannot trust them to manage your investment efficiently.
4.0

Functionality

3.0

Reliability

1.0

Strategy

4.0

Price

3.0

Trading results

2.0

Vendor transparency

Pros

  • +Telegram alerts are offered

Cons

  • -Undisclosed trading strategy
  • -Missing backtest results
  • -No verified live trading stats
  • -Inadequate vendor transparency
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