Last Updated on April 12, 2022 by Stephan Lindburg
Today we shall briefly examine the various signal providers that offer their services via Telegram and explain why they are all potential scams according to our opinion. Telegram has become an immensely popular instant messaging platform, and it is revered for its speed, ease of use, and highly functional user interface. For the better or for the worse Telegram is an anonymous service, and when it comes to finance and investing that is a very dangerous thing.
Telegram Signals for Crypto. What Is So Appealing About Telegram?
We were able to find no less than 50 crypto signal providers that offer their services on their Telegram channel. However, these are the top 7 providers which seem to be getting all the attention these days.
1. Verified Crypto Traders
2. Fat Pig Signals
3. CoinCodeCap Crypto Signals
7. Universal Crypto Signals
All signal providers offer 2-5 signals per day, and durations range from short-term, mid-term, and long-term trading signals. Some services also offer help with scalping or swing options. But that has more to do with the educational side of the service, something which is a separate issue altogether.
Why We Believe All Signal Services On Telegram Are Potential Scams
It is our opinion that all of these services are fraudulent because messages on Telegram can be erased. Anyone can say anything they want and then delete the message without having to be accountable for their actions. This is not only conjecture, this opinion is based on facts and due to the massive amounts of complaints we have recently received about Telegram signals.
For that reason we are advising all our members to refrain from joining these groups. Try to get all your communication via email or anything that can be documented and used as a point of reference should you have grievances.
Are All The People Involved With The Telegram Signals Scammers?
Not necessarily. A lot of these companies have employees working for them and these employees don’t really have a full grasp of what is going on. They are merely told that they are providing a service as a signal provider to customers and need to be courteous and professional. What happens afterwards is not discussed and swept under the rug.
Telegram Signals Educational Programs
The educational programs are designed to provide users with just enough knowledge and self-confidence in order to get started with a real money trading account. Once that is done the baton is passed to the broker where they start talking about leverage, spillage, and strategies which they will try to sell you in order to keep you trading.
Tested Systems That Work
Our staff constantly tests systems and once we find an app that generates money consistently we add it to our recommended section on a provisional basis. We keep monitoring performance and as long as the app performs it stays and we offer it to our members as free service.
Telegram Signals For Cryptocurrencies. Our Conclusions and Recommendations
As we have mentioned previously in our article, Telegram Signals are anonymous and can be deleted at any time. The people who choose to use their Telegram channel as a messaging tool to convey their ideas have an alternative agenda. They want to reach out and get personal via direct chat, and in that way get you to invest with CFD or Forex brokers which may or may not be licensed or regulated.
The bottom line is that we keep receiving complaints, and while its true that not all the people who operate the Telegram channel are scammers, in general we can conclude that you are being led astray and intentionally misled by sophisticated con artists who specialize in investment scams.