What is the truth about FX signals?

On the MQL5 site among the most reliable signal providers there are many results showing 500% to 1000% profit per year for several years, even though they only have a 100 or 200 subscribers. This should be a legitimate site but I can't believe the figures actually exist. Other sites claim figures that also seem unachievable. What is really happening here? By comparison Myfxbook's most successful traders are showing an honest 1-2% per month.

In my opinion, it's bs. The sell tactic of , "Wanna get rich, buy my " is very much out there. Up to 10% monthly returns is great and any promises to go higher probably comes with headaches.

honestly having a consistent profit of 10% every month with secure transactions is already a good number especially if the transaction can be done with a compound. do a back test on the following expert and learn how open positions have more than 90% profitable short positions. I hope this becomes an open rationale for us to view forex transactions can be very promising for anyone who is willing to share information that can be proven before making a real transaction.
https://drive.google.com/open?id=1rw...I7wVo4dOIgdSMW

I found their site to be accurate and updating fast when I had my accounts on there. The admins are really fussy tho. There are unwritten rules that you only find out about after they delete your account or they use their reasons as excuse if they want to delete your account for whatever reason. For example, they deleted one of my accounts on a Monday because they claimed my account's server could not be contacted by their server even though the last update had been on the previous Friday. So, even if it was true, within 12-18 hours of supposed disconnect, they delete your account. They also have limits on open trades and on how long a trade has been left open.

I personally won't post my accounts there any more because of admins. Sometimes they answer you if you ask a question, sometimes they don't. The replies are one sentence long and not really thorough.

I can't see the numbers and signals being fake tho. There are free signals you can subscribe to I think. Throw one on a demo And compare what happens in your demo vs. the site....and let us know how it goes.

Whatever the source of the signals. Unless you are an experienced trader and can verify the signals, it will be foolish to follow them. Thanks and
Regards

The most successful on MQL5 MT4 seems to be Bushmills. 2944% growth in 83 weeks and 297 subscribers. However the stats show monthly growth of 0.9% and yearly of 10%. Something obviously doesn't add up.

Exactly, if things don't add up then its bs.

Anything above 10% monthly is pushing the limits imo.