Rent a Signal to shut down

Rent a Signal is one of the smaller signal/trade following providers in the market. The group behind the firm, operating out of Spain, is the same that also manages Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term-tsd and forexppc. Apparently the service is going to be discontinued within days - the reason is not known however it's not hard to guess that the service wasn't profitable. According to our sources Rent a Signal (a NFA member, IB and CTA) staff is now discontinuing its current retail business to focus its resources on new related business, the details of which we should soon be able to announce.

Other companies active in the space are Tradency, Zulutrade, Collective2, social networks such as Currensee and TradeO and brokers such as eToro.

This email was sent to traders today:

Dear Rent a Signal User,

Since 2007, Rent a Signal is proud of providing with its services to thousands of clients around the globe. However, it is the time to focus on the rest of the services provided by the firm who owns Rent a Signal and accordingly, it was decided to discontinue the Rent a Signal's operations in October 2012.

In order to ensure an ordered disconnection of its services with regards its clients Broker trading accounts and your Signals, Rent a Signal will be disconnected according to the following calendar:

• October 14, 2012: Rent a Signal will not receive new trades anymore. Only changes related with trades that were opened before 14 will be received and sent automatically to the subscribed client's Broker trading accounts.
• October 21, 2012: Rent a Signal will be completely disconnected, so no communication will be received and sent anymore.
• October 28, 2012: Rent a Signal website will be completely disconnected.

Any outstanding payment will be cleared according to the Terms and Conditions, as usual.

We would like to take the opportunity to thank you all your confidence.

Sincerely,

The Rent a Signal team