MyDigiTrade Forex Signals Review

MyDigiTrade is a company focused on copy and social trading. Through their copy trading platform, they also provide automated forex signals. This review will focus on this aspect of their business, providing more details about it, how it works, and customer feedback about the company.

MyDigiTrade Overview

MyDigiTrade is among the first vendors providing social and copy trading. The fintech company was established in 2010 by a group of independent traders. They have combined efforts with skilful software developers to create a state-of-art trading platform.

MyDigiTrade established an active community of beginners traders and advanced signal providers throughout the years, interacting daily.

MyDigiTrade Forex Signals Service Review

MyDigiTrade Forex Signals Service connects forex signal providers with less experienced traders through the vendor’s copy trading platform. The service aims to help users to identify and copy a forex trading strategy suitable to their requirements.

How Does It Work?

According to the MyDigiTrade official website, currently, there are over 200 forex signal traders listed with the platform. The vendor claims that they all are pre-screened and approved for they provide moderate risk and solid performance.

MyDigiTrade platform gathers data directly from the fx signal providers accounts and displays many parameters for an in-depth trading strategy analysis.

The displayed information is only a preview. When users decide to follow a certain signal, they can check an entire trading history, including recent profitability, drawdowns, recovery period and other helpful information.

All provided signals are updated daily, and they are free by joining the MyDigiTrade service. According to their website, MyDigiTrade receives compensation included in the spread they receive from partnered brokers and share with their signal providers.

Additionally, MyDigiTrade offers an opportunity for experienced traders to become signal providers. If you’re one such trader and wish to take advantage of these offers, first check if the MyDigiTrade platform accepts your broker account.

They partner with over 500 brokers, so the chances are good. Once you have the confirmation, you can connect your account to the trading platform, where you can start sharing your trades and earn a commission. The commissions reach up to 50% of the commission/spreads that MyDigiTrade gets from the brokers.

MyDigiTrade Forex Signal Service Performance Results

MyDigiTrade website displays the performance results of their signal providers. The information includes the age of the account, growth in percentage, total number of pips, max drawdown, DD recovery period and profitability. Users who wish to select a signal provider to follow can make their choice ordered by Top Ranking or Top Growth.

Customer Feedback

MyDigiTrade has a user profile with myfxbook where their customers can rate and comment on their services. There are over thirty comments, dating from 2011 until recently. Most of them are positive, with clients commenting that there are some good traders to follow. However, there are lots of comments talking about technical difficulties.

Conclusion

MyDigiTrade has been on the market for more than a decade, and they managed to build a loyal customer base. The vendor has a good ranking position as a copy trading platform. The forex signal providing service is part of the offer for signing up with them.

Pros:

► Free forex signals

► Large number of forex signal providers

Cons:

► Technical problems reported by users