Why are signal services always connected to a broker?

how come they are not independent services?

Comments

  • OkaneOkane Posts: 1,279 admin
    fxcode said:

    how come they are not independent services?

    Because most BO traders don't want to pay for education/help/signals.
    They want to get rich fast and for free, so the supplier fill the demand with such garbage services that are often scams.
    They make more money that way because they cash in when you lose money and that's why these signal services are never good.
  • kudorsLVkudorsLV Posts: 36
    In one word- affiliates.
  • Blue Sky BinaryBlue Sky Binary Posts: 157 ✭✭
    edited January 2017
    fxcode said:

    how come they are not independent services?

    There are a few independent services; Signal Hive (our service) is one of them. You are not forced to deposit at any broker, obviously if you wish to autotrade, you need to connect with an integrated broker.

    The most important thing is that signal services do not hide losses; bad must be shown along with the good.

    Any service that requires a deposit signals many alarm bells. Also, if any trader tells you they are 70-80% ITM, ask them for a 6 months to 1 year proof of track record. Showing some account statements of streaks or some videos or screenshots of wins is in poor taste and very spivvy.

    Team BSB
    Blue Sky Binary - Research, Education & Technology. Signal Hive - The No.1 Binary Signals Marketplace.

  • fxcodefxcode Posts: 21

    There are a few independent services; Signal Hive (our service) is one of them. You are not forced to deposit at any broker, obviously if you wish to autotrade, you need to connect with an integrated broker.
    Well according to your website FAQ , you are independent as well as affliated?

    "The other alternative is to signup using one of the listed binary option brokers on the Signal Hive website and receive a 1 month free trial to all signal streams."


  • fxcodefxcode Posts: 21
    Thank you all for your replies☺
  • Blue Sky BinaryBlue Sky Binary Posts: 157 ✭✭
    Hi Fxcode,

    Yes we are independent in that you do not need to signup with any broker at all in order to avail our service. After the 7 day free trial to all signal providers, you can go live at your own pace at any broker. If, however, you wish to subscribe to all signals in Hive, then the monthly cost can run up to around $200-250.00 (including VPS). If you are happy to pay that, that is fine, however many are not, so they would rather deposit at a safe broker who pays us a commission of around $250.00, which allows us to meet that cost. So its a passthrough for us, we don't make profit on it.

    Hope that clarifies,
    Team BSB
    Blue Sky Binary - Research, Education & Technology. Signal Hive - The No.1 Binary Signals Marketplace.

  • OkaneOkane Posts: 1,279 admin

    Hi Fxcode,

    Yes we are independent in that you do not need to signup with any broker at all in order to avail our service. After the 7 day free trial to all signal providers, you can go live at your own pace at any broker. If, however, you wish to subscribe to all signals in Hive, then the monthly cost can run up to around $200-250.00 (including VPS). If you are happy to pay that, that is fine, however many are not, so they would rather deposit at a safe broker who pays us a commission of around $250.00, which allows us to meet that cost. So its a passthrough for us, we don't make profit on it.

    Hope that clarifies,
    Team BSB

    I would say that is very fair deal.
  • foxbinarysignalsfoxbinarysignals Posts: 29
    edited January 2017
    fxcode said:

    how come they are not independent services?

    We provide a independent service without promoting or using any broker deposit. Simply, you can test our service 10 days for FREE, and after this use the full service for only 40€/month or with one-time payment of 175€.

    We started this project one year ago to provide a real service with real results, that's all. We want to contribute our experience to the signal services to provide a quality product at an affordable price so we can help as many traders as possible. Our traders open Binary Options when there is a clear opportunity and generate automatically a signal in our system. We operate directly on the MetaTrader 4 platform and orders are immediately copied to the server to reach all users through our platforms. This system ensures that you receive the signals at the exact moment of execution. Check all trades history on: https://foxbinarysignals.com/results

    And of course you don't have to open an account with any affiliate broker... simply use your broker to trade Fox Signals wherever you are! You only need to download "Fox Signals" app for iOS/Android and receive push notifications with the signals!

    Also, you can copy these signals 100% hands-free directly to your accounts with Fox Signals AUTOTRADING systems (from 49€/month or 350€/year). You can choose any compatible broker: We developed a platform for web-based brokers like Binary.com (soon compatible with StockPair) and an Expert Advisor copy-trade to place signals on your MT4 (for brokers that allow BO through it like GoMarkets, CoreLiquidity, GDMFX, DirectFX...).

    And the most important thing for us... the transparency! You can follow our HIGH probability signals performance in a GoMarkets account fully verified by myfxbook.
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  • OkaneOkane Posts: 1,279 admin
    Thanks ForexBinary, we like transparency here.
  • fxcodefxcode Posts: 21
    If, however, you wish to subscribe to all signals in Hive, then the monthly cost can run up to around $200-250.00 (including VPS)
    how come your site says: "subscribe via PayPal at $49.99/month* without depositing at a broker!"

    Does the price depend on how many signals one can get a month?
    Simply, you can test our service 10 days for FREE, and after this use the full service for only 40€/month or with one-time payment of 175€.

    Does the one time payment has an expiry date?

    How many signals do you offer a month? What expiry times do you use? Do you send by sms?
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