SIGNALS

Silicon Signals Review: Is This A Legit Or Scam Signal Service?

Siliconsignals.com Review: this is the website of a Forex signal provider that is created by the Silicon Signals team. Is buying this signal worth it? Read our review to see what experts have to say about the Forex trading software.

What Are Forex EAs, Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.

It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

Silicon Signals Review

When we accessed the signal provider’s website, siliconsignals.com, we found that it promises to equip traders in creating their own Forex signals. Thus, it is more of a platform than a traditional Forex signal provider.

Silicon Signals

It says as much when it states, ‘Create your strategy with conditions and implement this on our platform.’ If you are a trader, you can link your Forex strategy to your signal channel via SiliconSignals platform.

Also, according to the website, the team running it is based somewhere in London. They are likely not popular Forex professionals as their identity is not revealed.

How Silicon Signals Works

Silicon Signals is not the type of signal provider that we expected it to be. It instead turned out to be a platform for expert Forex traders to sell their own trading signals. While experts may gravitate towards it, beginner traders would not benefit from using SiliconSignals.

We appreciate the website’s transparency on its purpose. This is because we usually prefer signal providers that can explain what their purpose really is. To use the Silicon Signals platform, you can sign up for free on the website.

If you are a client, you will need to create trading conditions, rules, money management and indicators to use the platform. As we have said, it is for professional traders and if you are looking for trading tips, Silicon Signals is not your ideal destination.

Its strategy builder system uses such indicators as; price, RSI, moving average, linear regression forecast, ADX, Aroon and many more.

Silicon Signals Price

We could not find out how much it costs to sell your trading signals on SiliconSignals platform. But, we found that you can sign up for free.

Silicon Signals scam or legit

While this appears to not cost anything, it can still pose dangers because you are not really sure of what you are getting into. Likely, after registering and they have your contact details, they will start bombarding you with unsolicited messages.

Client Feedback

As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.

We could not find customer reviews about Silicon Signals on third-party websites. It is still a relatively new platform.

Silicon Signals does not provide trading results, at least, we could not find a link to any on its website. Without any sort of trading result, it is difficult to tell if this signal service actually works or not.

Support

To get in touch with the vendor and find out more about its platform, send a mail to info@siliconmarkets.ai

Conclusion

Silicon Signals does not tick any of our boxes when it comes to legit Forex trading signals. There are no details on strategy but its website does have a professional touch to it. Also, it does not claim to provide signals, this is a transparent move.

 

DO YOU KNOW!! Most Autotrading softwares, EAs or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, you can check out our recommended forex trading signals/EA and robots

3

PRICE

5.0/10

STRATEGY

4.0/10

TRADING RESULTS

1.0/10

CLIENT REVIEW

1.0/10

CUSTOMER SUPPORT

4.0/10

Pros

  • Professional and tidy website
  • No false or wild claims

Cons

  • No pricing transparency
  • No trading result
  • No client review
  • No clear trading strategy
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Silicon Signals
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