Forex Signals by TREND IS FRIEND – Paid Referrals

Verdict up front: This app does something unusual in its category. It states plainly that it operates as an introducing broker for two brokerages and is paid when users open and fund accounts. The disclosure is to its credit. What it discloses is a conflict of interest that should change how you read every signal it sends.

What an introducing broker arrangement means

The listing says it in one sentence, describing the operator as an official Introducing Broker of two named brokers. An introducing broker refers clients to a brokerage and is paid for it. Payment usually comes as a share of the spread or commission those clients generate, or as a one off fee when an account is funded, or both.

The two brokerages named here are regulated firms, and there is nothing improper about the arrangement itself. Introducing broker relationships are a normal, disclosed part of the industry, and a disclosed one is considerably better than the undisclosed referral links that are common in this category.

The point is what the arrangement does to incentives. If income arrives when you fund an account and grows with how much you trade, then the app benefits from you opening an account and trading actively. It does not benefit from you profiting, and where payment is spread based it does not lose anything when you lose. The interests of the app and the interests of the user are not aligned, and that is true no matter how honestly it is disclosed.

How that incentive shows up in signals

A provider paid per trade has a reason to issue more signals rather than better ones. Frequency generates volume, and volume generates revenue.

It is worth noticing what that predicts. More signals than a careful method would produce. Short holding periods, which generate more round trips. Little emphasis on sitting out unclear conditions, even though not trading is often correct. No position sizing guidance that would reduce volume.

None of this proves any individual signal is bad. It means the number of signals is not evidence of opportunity, because the incentive rewards quantity. When you assess this app, treat a busy feed as a cost rather than a feature, and be sceptical of any push towards frequent short term trades.

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What is still missing

The disclosure is genuinely better than the category norm. It does not fill the other gaps, and it is not the only way the app earns. It also sells a premium subscription, opening with an eight day free trial before payment is required, so there are two revenue streams and neither depends on your trades being profitable.

The listing does invite users to review past signal accuracy inside the app, which is more than most offer, but a record the provider compiles and displays on its own screens is not a verified one. There is still no third party audited statement, no named analyst, no win rate published outside the app, no drawdown figure and no authorisation to provide investment advice. Being paid as an introducing broker is not a substitute for any of those.

So the honest summary is narrow. This app has told you how it makes money, which most of its competitors have not, and that single fact makes it easier to reason about than an app that hides the same arrangement. It has not shown you that its signals work, and no amount of transparency about revenue does that.

How to use it if you use it

Take the disclosure seriously and treat the signals as advertising for account activity rather than as advice. Where the incentive is volume, the correct response is to trade less than the feed suggests, not more.

Choose your own broker rather than the referred one. Verify it yourself on your own regulator’s register, typing the name in rather than following a link from inside the app. If a broker is only worth using because an app recommended it, it is not worth using.

Then apply the usual test before any money is involved. Log every signal for three months on a demo account, count winners against losers, and note the longest losing run. If the feed is dense, you will have a large sample quickly, which makes the test faster here than elsewhere.

Our view: This app discloses a paid referral model that most of its competitors conceal, which is a point in its favour. It is still paid when you fund and trade rather than when you profit, and it has published no evidence the signals work. Trade less than the feed suggests and pick your own broker.

Sources, checked 25 September 2026: Google Play listing for com.trendisfriend.forex_signals, introducing broker disclosure text, regulator registers

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