SIGNAL PROVIDER SCAM is a modern-day scam. New to trade or beginners are the most affected ones from this scam. They like to do the trade but fail to wait or analyze the market and acquire the knowledge.
Some retailers or individuals who promote as a signal seller with an attractive website and have paid testimonials and reviews stating them as 99% accurate signal provider and get the beginners to attract into them for subscription in terms of daily, weekly and monthly. And once the investor paid for that signal, the signal provider will not provide the signals at right time or giving excuses like server issue, they get vanished from the client in few days resulting in the loss of subscription fees for the investor.
But there are honest signal providers who can be the best pick for traders.
An experienced trader will choose the signal provider but they do background work about the quality and trustability of the provider.