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I get it. We’ve all been there, searching for signal services to boost our binary options trading performance. However, choosing the right one and being able to differentiate the legit binary options signal providers from others can be hard. In this article, I’ll provide my honest vfxAlert review, which is one of the most popular binary options signal services.
• vfxAlert offers both free and Pro accounts, with the free plan providing limited features like reduced signal power and fewer assets, while the Pro plan unlocks stronger signals and more tools.
• Signals are generated using four main technical indicators (MA, P-SAR, CCI, RSI) and come with detailed information such as asset, price, signal type, and expiration.
• Payment options for the Pro plan include debit/credit cards, Payeer, and Perfect Money, ensuring secure and convenient transactions.
• While user reviews are mixed, many traders find vfxAlert helpful for short-term trades, though it performs best for 1-minute and 5-minute signals.
What is vfxAlert?
Let’s begin our vfxAlert review by introducing the platform. vfxAlert is a popular binary options signals service. In fact, many traders consider it one of the best signal providers out there.
It was created by Russian trading expert Aleksandr Mikolyuk with the aim of providing traders with reliable binary options signals that are based on the strategies developed by the vfxAlert team.
vfxAlert generates several signals for different assets every day. Naturally, these binary options signals are short-term due to the fact that binary options also have rather short expiration times.
vfxAlert Account Types
Unlike many of the best binary options signals services, vfxAlert offers two different plans and account types, Free and Pro. Let’s break them down:
vfxAlert Free Account
This option lets you try out the vfxAlert signals for free. You can use these free binary options signals forever, but there are limits. You get signals for only a few assets and with reduced power (less signal power means less accuracy).
If you’re looking for free signals, this is a good starting point. There are also other free binary options signal providers that can be used as vfxAlert alternatives, like the OBSignals free Google Chrome Extension. In fact, you can compare their accuracies to see if paying for the vfxAlert Pro account could be worth it.
vfxAlert Pro Account
The Pro account has more features for serious traders. You get better binary options signals with higher power for more assets. The platform will also be ad-free, which is not the case for Free users. You also get signals through their Telegram channel.
The Pro account has five different plans. Each plan offers different features to match your trading needs. We’ll summarize these plans later in this vfxAlert review.
vfxAlert Signals Structure
There are some key details that come with vfxAlert signals. These include:
- Asset: The trading asset (for example, EUR/USD)
- Price: Current market price
- Execution Time: When the signal should be executed
- Expiration: When the signal expires
- Signal Type: Call (buy) or Put (sell)
- Signal Power: The strength or winning probability of the signal.
- Heatmap: An overview of market sentiment
How Are the Signals Generated?
Similar to almost any automated signal service, vfxAlert uses technical indicators to generate its binary options signals. By indicators, I specifically mean these four:
- Moving Average (MA)
- Parabolic SAR (P-SAR)
- Commodity Channel Index (CCI)
- Relative Strength Index (RSI)
Why does the vfxAlert team use these indicators, and how do they use them to generate signals? No one knows but them. Yet, these indicators are all among the best indicators for binary options trading, so there’s that.
How to Use VFXalert?
Well, using vfxAlert is somehow different from other binary options signal services. You can use the platform in two ways:
- Build Your Own Strategy: You can create your trading strategy using vfxAlert signals. Analyze the signals and add them to your strategy.
- Confirm Your Strategy: vfxAlert’s algorithm helps you get a confirmation for your binary options strategy and boosts your confidence in your entries.
I always recommend traders use signals as an additional confirmation for their own binary options strategies. It’s almost never a good idea to rely solely on signal services for your trading.
Additional Tools
This vfxAlert review is primarily focused on the binary options signals provided by the service. However, what I really like about vfxAlert is that it doesn’t stop there and offers some useful additional tools, which include:
- Pivot Points that show key price levels.
- Summary of the market sentiment.
- Bulls & Bears, which measures buyer and seller strength.
- Trends tool that shows market direction.
- Volatility measure that indicates the magnitude of market fluctuations.
While these tools are mostly available on all top trading platforms, having them on your binary options signal provider is always helpful.
Payment Methods
While the payment methods are not the reason you’ve visited this vfxAlert review, it wouldn’t be so bad to know about them. The platform offers several easy ways to pay for the Pro account. These include debit/credit card payments, Payeer, and Perfect Money.
Why Choose vfxAlert?
As I’ve already mentioned in this vfxAlert review, the platform is quite popular. Many binary options traders, especially in Russia, subscribe to its services. Yet, while having its advantages, it also has some drawbacks. Here’s an overview of both:
Advantages
- Easy-to-Use: You shouldn’t necessarily be an experienced trader to figure out how vfxAlert works.
- Technical-Based Signals: Signals are generated based on reliable technical indicators and analysis.
- Statistics: vfxAlert provides data on market trends to help improve your win rate.
- Free Account: You can try the platform risk-free before making a purchase.
- Broker Support: vfxAlert works with many popular brokers like IQ Option, Pocket Option, and more.
Disadvantages
- Limited Free Features: The free account has fewer features compared to Pro, which is quite understandable.
- No Live Chat: Support is only available via email. I personally don’t like this at all.
- Best for Short-Term Trades: Signals work well for 1-minute and 5-minute binary options trades but not for longer-term trades.
vfxAlert Review by Users
So, Is vfxAlert legit? How accurate are its signals? Well, vfxAlert reviews on Trustpilot are mixed. Some traders mention that the signals are helpful for their short-term trading and scalping.
Negative vfxAlert reviewers complain about fake signals or technical issues on the platform. Some users even reported problems accessing Pro features after payment, a claim that could be a massive red flag but should be verified.
Either way, if you want my personal verdict, I suggest you start with the Free account first to test signal accuracy. You can also purchase the cheapest Pro plan and test it on a binary options demo account before risking real money on the signals.
vfxAlert Pricing Plans
The table below shows the pricing plans for vfxAlert Pro accounts. All plans come with technical support, educational materials, and, of course, community access.
| Plan | Price | License Validity | Signals | Telegram Alerts |
|---|---|---|---|---|
| Free | $0 | Lifelong | Limited | 10 |
| Test | $39 | 30 Days | Unlimited | 1000 |
| Basic | $89 | 3 Months | Unlimited | 10000 |
| Premium | $169 | 1 Year | Unlimited | 100000 |
| Ultimate | $299 | 3 Years | Unlimited | 100000 |
All plans come with technical support, educational materials, and community access.
How to Sign Up for vfxAlert?
If you want to try out the vfxAlert binary options signal service, you can follow the step-by-step guide below:
- Visit the Website: Go to the vfxAlert website.
- Sign Up: Click the registration button.
- Enter Your Details: Fill in your information or sign up using Google.
- Confirm Registration: Check your email and verify your account.
- Choose a Plan: Pick a Pro plan if you want extra features.
- Pay: Complete the payment using your preferred method.
- Start Trading: Download the software and start using signals.
Conclusion
vfxAlert is a signal service tool for binary options traders. It was created by Aleksandr Mikolyuk and offers binary signals based on the vfxAlert team’s trading strategies and technical indicators. The platform is easy to use and offers both paid options and a free plan to test their signals.
Meanwhile, vfxAlert reviews online are mixed, as some traders are concerned about its signal accuracy. I recommend you use the free account first or test signals on a demo account before risking your funds. You can use this link to download vfxAlert for both Mac and Windows.
