ESignal may not be the cheapest trading platform on the market, but it aims to be one of the best. They promise to offer the best trading software out there, covering stocks, futures, mini futures, options, ETFs, foreign currency options, OTC markets and Forex markets. eSignal is competing against free trading platforms so its paid model needs to deliver in terms of quality and performance. Keep reading to find out whether this trading platform is worthy of your investment.
Facts & Figures:
- Name: eSignal
- Year Founded: 1983
- HQ: Foster City, California
- President: Chuck Thompson
- Estimated Annual Turnover: $20 million
How To Trade
The first step to take in order to begin trading with eSignal is to download their application. Review the eSignal system requirements and then go to the Download page to get the appropriate version for your desktop computer. You can modify the appearance of the platform according to your requirements by using the Appearance menu once the download is complete.
eSignal is primarily an information portal, allowing traders to get the best up to the minute information on how the markets are performing at any given time. eSignal is affiliated with over 50 brokers, allowing traders to use the information provided by the site to carry out transactions with the broker of their choice.
eSignal is a paid service, with monthly fees, but there are some promotions available to new sign-ups. For example, this platform offers a 30 day money back offer where customers can trial the system before deciding whether to go ahead and pay the monthly subscriptions.
The 30 day trial period also extends to the Market Scanner platform. This trial period of the Turbo package includes a suite of five scanners giving in-depth and real time information on hundreds of financial markets. Another option is to prepay for a year’s membership rather than on a monthly basis. Doing this results in a saving equivalent to three months of membership.
eSignal provide a number of different learning resources to assist both novice and veteran traders. For those new to eSignal, there is a page dedicated to explaining how this platform works, and this is backed up with numerous videos providing step by step guides. Free educational webinars allow traders to keep abreast of the latest developments in the markets.
These range from beginner guides to advanced seminars on the finer points of online financial trading. By subscribing to the eSignals Elite or GET programmes you can avail of advanced GET monitoring from an experienced instructor to make the most of your online trading. There are also a series of video tutorials to assist with learning the basics of how eSignal works and optimizing your trading experience.
eSignal provide a range of trading tools to allow their customers to have the best opportunity to conquer the financial markets. These tools come at a premium but will enable canny traders to make considerable profits. With eSignal you can avail of the same market data used by leading global financial institutions.
eSignal claim to make the best trading software on the market, which is why they are able to use a pay model and still compete with free platforms. eSignal provides advanced charts and drawing tools, customizable charts and institutional level analytical tools, plus the option to choose from over 50 brokers to execute trades.
Given that eSignal is primarily a trading tool provider, there is no issue with security when it comes to this site. There are links to more than 50 brokers where financial transactions can be carried out, and it is up to the individual trader to check out the credentials of these brokers. eSignal is most certainly a legitimate site and not a scam operator, as it has been providing the highest quality trading tools for a number of years and can refer to numerous satisfied customers for testimonials.
There are three different plans available from eSignal which differ according to the needs of their customers. All feature the 30-day money back guarantee, however, meaning that you can try before you buy. The Classic plan costs $52 per month and allows access to the charts and tools that have made eSignal one of the market leading brands, but there is a 15 minute delay on intraday data.
For real time data customers would need to sign up to the Signature plan at $168 per month with additional features such as Market Profile and Volume Delta. Advanced traders will prefer the Elite plan at $342 per month which in addition to the features available on the other plans also offers personal mentoring, over 20 GET indicators and trend analysis.
eSignal makes customers a priority, which is why they provide a number of avenues of communication for their clients from around the world. Different phone lines are available for customers in the Americas, Europe, Singapore, Australia and the Middle East. Support is available between the hours of 8 am and 6 pm Eastern Standard Time. eSignal can be contacted either by phone, email or live chat and customers can expect an immediate response within those hours.
eSignal is a market leader when it comes to providing high quality market data and analytical tools. This service is not cheap, but high-stakes investors will be happy to pay for the Elite service on offer in order to give themselves the best opportunity to profit from the financial markets. Newbies may prefer to start off with a free platform but for experienced traders it is hard to beat the resources on offer from eSignal.
Is this your final decision?
We suggest you visit one of the most popular trading platforms instead!
- Great customer support
- Fantastic charting platform
- Mobile and tablet apps
- Expensive compared to competitors
7 Binary Options review: eSignal: 4 stars