Signalator Managed Account Review

Signalator is a UK based company, offering forex signals since 2000. They have extended their services throughout the years, adding EAs, Automated Trading and Managed Account service. This review will cover the Signalator Managed Forex Account Service, detailing the conditions, the minimum deposit, the fees and the charges, and the overall customer experience.

Signalator Managed Forex Account Overview

As we mentioned, Signalator has started as a provider of forex signals. The service is provided by industry specialists who personally select and deliver the information via email and text messages.

The many years of experience and in-depth knowledge of the forex market are why Signalator has decided to offer a managed account service.

As we read on their website: “the managed account service is the extract of our knowledge and our experience.”

What essentially Signalator offers to the clients is individual management on their accounts, regardless of which broker they’ve chosen.

This is an interesting approach as most of the managed forex account companies are partnering with particular brokers.

Additionally, Signalator promises to develop a personal investment plan for each customer based on factors like trading and maximum drawdown. The project also includes what kind of trading strategies they will use and the expected results period.

The company highlights that the results are strictly customised and depends entirely on the specific conditions. If the client approves the proposal, they need to enable Signalator to access their account.

The company’s specialists will then step in to trade on their behalf using their know-how of the market and experience in working with forex signals.

Signalator Managed FX Account Conditions Review

Signalator offers two types of managed fx accounts:

► +100% deposit

► Profit-sharing plan

The difference between the two accounts is only on the way the fees to Signalator are paid. In every other aspect – trading conditions, requirements and trading tools are the same.

To start with, you need to make an initial payment to Signalator. After they receive the payment, the team will prepare your individual plan. When your plan is ready and approved, Signalator will step in and start managing your account.

As we mentioned, the company is broker-independent. However, it is essential to keep in mind that not all type of brokers is eligible.

Signalator highlights their website that they work only with FX spot brokers and Spread betting brokers’ accounts. Furthermore, your trading account should have a minimum of 25 000 USD in it to be accepted by Signalator.

Signalator Managed Forex Account Fees

Now let’s have a look at what it will cost you to work with Signalator. Above we said that they require an initial payment. This first payment is a fixed amount but depends on your account funding.

If your capital is between 25 000 – 50 000 USD, the amount is 950 USD, between 50 000 and 100 000 USD – 1500 USD, and it is 2500 USD for above 100 000 USD deposit.

The rest of the charges depends on the type of managed account service you’ve chosen. If you select the +100% deposit plan, there will be three more payments when your account reaches the 25% gain, the 50% gain and the 75% gain.

The total fees you’d be paying on this plan are between 9 100 USD and 21 000 USD (and above), depending on the deposit in your account. What is interesting about this plan is that the contract you sign has an expiring date – once you receive a 100 % gain on your account. After that, if you wish, you can renew your contract.

The Profit-sharing plan, on the other side, doesn’t have a finish date. You can cancel your subscription at any moment.

According to this plan, Signalator will charge you a performance fee between 20% and 30%, depending on your account deposit (20 % above 100 000 USD, 30 – between 25 000 – 50 000 USD). The performance fee is paid on each 10% gain on your account.

Signalator Trading Results Review

Due to the tailor-made approach on the managed accounts, Signalator can’t provide performance results on a public account such as myfxbook.

Is Signalator a Scam?

No. Signalator has been on the market for around 20 years and managed to build a loyal customer base. They have positive feedback on their forex signal providing service, but we struggled to find any testimonials on their controlled account offer.

Conclusion

The team behind Signalator makes a great effort to explain thoroughly how their managed account service is performed. What is impressive is how precise are they when it comes to describing their fees, which often is hidden by many service providers. However, due to the very personalised approach and the lack of customer feedback, it isn’t easy to judge how successful their methods are.

Pros:

► Customised trading plan

► Two types of contracts regarding fees

► Many years of experience in the forex market

Cons:

► No verified results

► No customer feedback