Signal service scams are certainly something to watch out for within the crypto and forex trading industries but not all such services are scams. Many traders use some kind of signals service, often alongside other trading tools, techniques, and indicators. Although some signals providers can help traders make more profitable trades, they should never be regarded as any kind of guarantee of success. Today we are looking at the Learn2Trade signals service. Are the Learn2Trade scam claims correct, or is it a legit service? We have taken a close look and give you our take on this provider.
What is Learn2Trade Signals Service?
Learn2Trade is a UK-based website that provides both forex signals and crypto signals, along with trading education in the form of online courses in forex trading and what they refer to as ‘F1 Strategy’. The organisation offers free signals or a paid subscription, which offers more regular signals and extra benefits.
As is often the case with signals providers, some customers are not happy with the service, and there are even those who may consider it a scam, but there are also plenty of satisfied customers. At the time of writing, the organisation’s overall rating on Trustpilot was average, with many Learn2Trade signals reviews demonstrating a range of customer experiences. The majority (55%) gave the provider a rating of ‘excellent’.
What does Learn2Trade Signals Service Offer?
Learn2Trade signals sends daily forex and crypto signals to traders across the globe. The firm offers its subscribers up to five accurate, profitable signals per day, along with daily technical analysis and trading tips and access to a community of over 70,000 active traders. Learn2Trade daily trading signals are sent out as real-time alerts via the Telegram app.
The firm provides a limited number of free crypto and forex signals each week, but most users will sign up for the VIP premium plans, which offer multiple daily signals with a claimed success rate of 76%. The details sent out with each signal include the entry price and the stop loss or take profit points, along with the amount to risk per trade and the risk-reward ratio. You can sign up for either forex or crypto signals, or both, and all paid subscribers have access to the VIP Telegram group and community.
Paid subscribers to forex signals can choose from a monthly, quarterly, or six-monthly subscription, with the cost per month reducing (from £40 a month to £21.50 a month) depending on the amount of time you are willing to commit to using the service. There is also a separate specialist swing trading group you can subscribe to that offers daily video analysis and weekly webinars. It claims a success rate of 84%, for £50 a month. In addition, there is a copy trading group that costs £119 a month.
If you are a crypto trader, you can access signals for £40 a month to £21.50 a month, depending on the subscription length. Crypto traders also have the option of a yearly subscription that takes the monthly cost down to as low as £18. At the time of writing, the site was offering free lifetime access to their VIP crypto signals for those who registered with one of their recommended brokers. That might be a red flag if they were recommending scam brokers, but the brokers offered appear legit. One of them is eToro, a highly respected forex and crypto broker in the UK. However, you will have to be a new customer signing up through the site to access this deal.
The site also offers forex education through online courses, which are paid options. While the price for the basic forex trading course is fairly reasonable, at £99, the strategy course is much more expensive at £599. It should be noted that many reputable brokers offer free education and training to all their clients, and there are also several very affordable books on the topic. Therefore, many traders do not find it worth their while to pay for courses on forex or crypto trading.
Is Learn2Trade Signals Service Regulated?
Signal services providers differ from forex brokers and other financial services providers as they do not need to be regulated. That is one of the reasons there are so many signals scams out there, as, in effect, any trader can claim that they are successful and sell their signals to other traders.
Learn2Trade is, therefore, not regulated. This does not mean the provider is definitely a scam or something to be wary of. It does, however, mean that if you lose money or feel you have been treated unfairly, your only recourse is to complain to Learn2Trade directly and hope they help you. There is no regulatory authority or governing body with which to lodge a complaint.
Is Learn2Trade Signals Service Safe?
While you can never guarantee that a signals provider is 100% safe, it does not appear that Learn2Trade is a scam site. It is a provider that has been around for a while, and it has many customer reviews on Trustpilot that rate the service as excellent. However, as with almost any provider, there is some negative customer feedback. A free option is available, so it is worth trying out Learn2Trade before you buy to ensure it fits your needs.
We urge all traders in any space to remember that no one tool or technique can guarantee your trading success, and this applies to a signals provider as much as anything else. Trading is complex, and there is a lot to learn. Although using a signals service may appeal, it’s also a good idea to focus on your education and training, learning to analyse the markets and develop strategies that fit your own needs, requirements and appetite for risk.
Safe Forex Brokers
| Broker | Features | Min Deposit | EURUSD Spread | ||
|---|---|---|---|---|---|
 Your capital is at risk
US Clients: No Regulated : Yes
|
– Regulated by FCA, FSCA, CMA and FSC |
$200 | ECN 0.1, Standard 1.6 | ||
 Your capital is at risk
US Clients: No Regulated : Yes
|
– 40% New Member Bonus
|
$100 | Fixed |
Sign
Up
Europe* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|
|
 Between 74-89 % of retail investor accounts lose money when trading CFDs
US Clients: No Regulated : Yes
|
|
$200 | NDD 0.09 / Standard 0.69 |
Sign
Up
Between 74-89 % of retail investor accounts lose money when trading CFDs
|
|
 * 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
US Clients: No Regulated : Yes
|
|
100GBP/AUD/EUR/USD | variable |
Sign
Up
* 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
|
|
 Your capital is at risk
US Clients: No Regulated : Yes
|
– Flexible leverage up to 500:1 |
$200 | From 0.1 | ||
 Your capital is at risk
US Clients: No Regulated : Yes
|
$50 | 0.02 | |||
 51% of retail CFD accounts lose money
US Clients: No Regulated : Yes
|
|
$50 (varying by Country) | from 1 |
Sign
Up
*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
|
|
 Your capital is at risk
US Clients: No Regulated : Yes
|
|
$5 | From 0.0 pips | ||
 Your capital is at risk
US Clients: No Regulated : Yes
|
– CySEC, FCA, FSCA, SCB Regulated |
$100 | |||
|
|
|||||
As our Learn2Trade signals review has shown, this service offers traders detailed and regular signals, with some claims of a reasonably high success rate, although, as with all signals providers, this is hard to verify. While no signals provider can guarantee your trading success, you may find a signals service that helps you, alongside other trading techniques, and increases your number of profitable trades. We suggest you track this carefully to analyse what’s working and what isn’t. We also advise you to check out customer reviews and try the service out for free before making a long-term commitment.