M15 Signals review
General information
M15 Signals provides forex and gold market signals based on the 15-minute chart. The provider has a website, social media and a Telegram channel.
Website
There is nothing special on the provider's website. M15 Signals does not provide any information about their company. On the front page, the provider writes, "Fund your future with powerful Forex M15 Signals". They further claim that their services have helped 100,000 traders.
On the next page they show a history of the company's results, which have not been updated since last year. These results are of course unverified, there is no proof or list from any reliable source. The results and success rates raise a lot of questions and doubts.
Traders can access the M15 Signals premium service by purchasing a 1, 3 or 6 month subscription. All premium subscriptions offer the same services consisting of 2-8 signals per day, 3 takeouts per signal, and promise a 90% winrate and 1500-3500 pips per month. The entire page consists of short and similar offers.
Social network
The provider has an instagram account, to which more than 20 thousand people are subscribed. In the main channel, customer reviews are published. The provider's entire instagram almost consists of reviews.
https://www.instagram.com/m15_signals/
There is also a page with 36 782 subscribers in facebook.
https://www.facebook.com/m15signals
Telegram
The main source of signals is the Telegram channel. It has a large number of subscribers. 108,972 people. The average number of views is 7 320. And the audience engagement is at a low level for such a channel which is 6.71%.
The number of subscribers has been falling steadily since the beginning of this 2022. The provider lost 18% of the audience and it is about -24 728 people. This suggests that the provider has inflated their channel.
In the channel description they write that they are the most accurate and reliable forex signal provider. 2-5 free short term signals per week with almost 90% winrate and this sets them apart from other providers.
Signals
Let's analyze one of the latest signals from the provider's telegram channel. The signal was to sell GBPUSD at the price of 1.1723. Stop loss at 1.1873 and Take profit at 1.1703, second take profit at 1.1673 and third take profit at 1.1623. The risk/profit in this trade is negative. After opening the trade, the price went down and the trade closed with small profit.
Another example. The signal was to sell AUDJPY at 97.62. Stop loss at the level of 99.12. Take profit at the level of 97.42. The risk to profit ratio is terrible. After opening the deal, the price immediately went according to the forecast. The trade closed with a profit.
Reviews
Let's go to the review of reviews about this provider on Trustpilot.
https://www.trustpilot.com/review/m15signals.com
The company has only 599 reviews, the average score accordingly is 4.1. This is not surprising, 80% of the reviews give the provider the highest score. Most of the positive reviews are very short and generally express gratitude for successful signals without any specifics. It is worth noting that the authors of the posts have no photos and only one review written on this site. This casts doubt on their authenticity.
Negative reviews account for 8% of the total number. This is a bit alarming. But for this they describe in great detail, the way this provider works. So one user says that the provider does not show real results of signals. And another user says that the provider hides losing trades.
In Youtube there is a 7 minute video dedicated to the provider. In this video it is openly stated that the signals in the VIP group are not accurate and the real results are not shown. Clients always lose money because of the risk/profit ratio. The provider can easily cheat its clients. It is also said that the reviews in the provider are fake.
https://www.youtube.com/watch?v=QtjwLBn3ou4
Conclusion
Provider M15 Signals has a large number of subscribers in the Telegram channel, but the degree of audience engagement is quite low. This indicates the likelihood of fake subscribers. The provider is active in social networks, telling about its profitable trades, but the quality of forecasts, to put it mildly, leaves much to be desired. And as usual, providing a history of results as well as screenshots will not prove that the results are verified. A signal provider would have avoided this situation very easily if he had provided his myfxbook profile for example. Most of the signals and results are from the VIP channel, that again you have to buy a subscription to see the real results. I wonder why the provider no longer keeps a record of trades on myfxbook? And a winning percentage of over 90% seems highly unrealistic. Have they made over 30,000 pips this year alone? If they are so good, why so much secrecy? Why aren't they providing any proof. With these amazing results it seems more like a fraudulent service.
