
Based on looking at the website, Elitesignals.com presents itself as a platform offering AI-driven trading tools, indicators, signals, and alerts for various financial markets, including forex, stocks, and crypto.
The site claims to cater to both beginners and experienced traders, boasting a community of over 56,000 users.
While the platform focuses on providing analytical tools and signals to help users make trading decisions, it’s crucial to understand that trading, especially with leverages and complex financial instruments, involves significant risk and often relies on speculative practices.
In Islam, engaging in financial transactions that involve excessive uncertainty gharar, gambling maysir, or interest riba is forbidden.
The nature of day trading and speculative ventures, even with advanced tools, often falls into categories that carry high levels of uncertainty and can resemble gambling due to the high risk of capital loss and reliance on market fluctuations rather than tangible assets or productive endeavors.
Therefore, while the platform offers “tools,” the inherent risks and speculative nature of the activities it facilitates should be carefully considered from an Islamic perspective.
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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Elitesignals.com Review & First Look
Upon an initial review of Elitesignals.com, the website immediately emphasizes its use of “AI” and “revolutionary algorithms” to help users automate trades and maximize profits.
The homepage is designed to instill confidence, prominently featuring a count of “56,000+ people globally” who allegedly use their services and glowing testimonials.
The overall aesthetic is professional, with clear calls to action for signing up and accessing their tools.
- Claimed User Base: The figure of “56,000+ traders” is a significant claim, aiming to convey widespread adoption and trustworthiness. While this number is displayed prominently, independent verification is not readily available on the site itself.
- Emphasis on Automation and AI: The primary selling point revolves around automating trades and leveraging artificial intelligence. This appeals to individuals looking for a hands-off approach or those intimidated by the complexities of manual trading. However, it’s critical to remember that even AI cannot eliminate market risk.
- Market Coverage: The platform claims to cover a wide range of markets, including “forex, stocks, and crypto,” which suggests a broad utility for diverse traders. This broad appeal can attract a larger audience but also indicates a generalized approach rather than deep specialization in one market.
The website’s design guides visitors through the purported benefits, starting with the problem of trading complexity and positioning Elite Signals as the solution through its “Next-Generation Trading Solutions.” It then details the components of its “Master Suite,” which includes alerts, real-time analysis, and tools to identify high-probability setups while avoiding high-risk trades.
The “Expert Engineering” section reiterates the AI focus, linking it to success for all levels of traders.
- Transparency: While pricing is clearly listed, the specific details of how the “AI bots” or “algorithms” function are generalized. Users are presented with the promise of results without a into the underlying mechanics.
- Target Audience: The language used, such as “No trading experience required” and “from beginners to seasoned experts,” clearly targets a very broad audience, potentially attracting those new to trading who might underestimate the inherent risks.
- Visual Cues: The countdown timer for a “SALE ENDS IN” promotion aims to create a sense of urgency, encouraging immediate sign-ups rather than prolonged deliberation.
Elitesignals.com Features
Elitesignals.com promotes a suite of features designed to simplify and enhance the trading experience, primarily through its “EliteAlgo” indicator and associated toolkits.
The core offerings revolve around automated signals and analytical tools.
- EliteAlgo Buy & Sell Indicator: This is highlighted as the primary tool, providing clear signals for market entries and exits. The website suggests it helps identify trends and avoids mistakes common among beginners, such as trading against the trend.
- Oscillator Companion Toolkit: While not explicitly detailed, this likely refers to additional technical analysis tools that work in conjunction with EliteAlgo, providing further confirmation or alternative perspectives on market conditions.
- VIP Access & Analyst Signals: Subscribers reportedly gain access to a VIP members area and a Discord server where they can receive “signals from pro traders” and interact with other community members. This feature aims to foster a sense of community and provide additional insights beyond the automated tools.
- Market-Specific Alerts: The platform claims to offer “Forex, Stocks, & Option Signals” as well as “Indices & Futures Alerts,” indicating comprehensive coverage across various asset classes. These alerts are meant to be real-time, keeping traders informed of potential opportunities.
- ChartLabs Premium Access Advanced Plan: For higher-tier subscribers, this feature provides access to “Price Action Toolkit,” “Unlimited Charts & Indicators,” and “Unlimited Alerts & Customization.” This suggests a more robust analytical environment for advanced users who require more detailed customization and charting capabilities.
- Dedicated Setup Support: The advanced plan also includes “Dedicated Setup Support,” implying personalized assistance for integrating and optimizing the tools, which can be valuable for users who are less tech-savvy or new to complex trading software.
- Mobile Compatibility: The website states that EliteAlgo works on the Tradingview website and app, making it accessible on both Android and iOS devices. This ensures flexibility for traders who need to monitor markets on the go.
- Educational Resources: While not a standalone product, the platform mentions providing a course with video tutorials upon sign-up, along with additional tutorials available on their website header and Discord server. This indicates an effort to educate users on how to utilize their tools effectively.
The primary benefit highlighted is the ease of use, with claims that it works for beginners and that signals “do not repaint,” which is a common concern among traders using indicator-based systems.
Repainting refers to when a signal appears and then disappears or changes retrospectively, making it unreliable for decision-making.
The assurance that EliteAlgo doesn’t repaint is a significant claim regarding its technical reliability.
However, the website clearly states in its disclaimer: “EliteSignals and its team members are not registered as financial advisors and hold no formal qualifications to give financial advice.
Everything that is provided on this server, on the EliteSignals website or by EliteSignals and its team members is purely for educational purposes only.
EliteSignals and its team members are not accountable or liable for any losses or damages. You are responsible for all the risks you take.
Any content provided here should not be construed as financial advice.” This disclaimer, while standard, underscores that users bear full responsibility for their trading outcomes and should not consider the provided tools or signals as financial advice.
This highlights the inherent risks associated with speculative trading, even with the assistance of advanced tools.
Elitesignals.com Cons
While Elitesignals.com presents a seemingly attractive proposition for traders, a deeper look reveals several considerations that users should be aware of, especially from an Islamic perspective where certain financial activities are impermissible due to their speculative nature and the presence of Riba interest.
- High Risk of Capital Loss: The fundamental nature of trading, especially in highly leveraged markets like forex, futures, and even speculative stock and crypto trading, carries a very high risk of capital loss. The website’s own disclaimer states, “Day trading does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake.” This directly acknowledges the potential for significant financial detriment, which is a major concern when dealing with potentially impermissible financial instruments.
- Speculative Nature of Trading: The core service of providing “buy and sell signals” for rapid market movements often aligns with speculative trading, which is akin to gambling maysir in Islamic finance due to its reliance on chance and prediction rather than tangible economic activity or productive investment. Even with “AI” and “advanced algorithms,” the outcome remains uncertain, and success heavily depends on market volatility and timing, which are outside of human control.
- Absence of Halal Alternatives: The platform focuses exclusively on conventional trading instruments and strategies. There is no mention of halal investment options or ethical trading practices that align with Islamic principles. This means that users seeking to adhere to Islamic finance guidelines would find the platform’s core offerings problematic.
- Potential for Riba Interest: While Elitesignals.com itself does not charge interest, the underlying financial instruments it facilitates often involve interest-based mechanisms. Forex trading, for instance, frequently involves “swap” fees overnight interest that can be a source of Riba. Engaging in such transactions, even indirectly through signals, can lead one into impermissible dealings.
- “Set and Forget” Fallacy: The emphasis on “fully automate your trades” and “minimal effort” can create a false sense of security, implying that users can simply set up the AI and expect profits without active engagement or understanding of market dynamics. This can lead to complacency and greater losses, as even automated systems require monitoring and adaptation.
- Reliance on External Tools: Users become dependent on the platform’s algorithms and signals. If these tools fail or misinterpret market conditions, users are directly exposed to losses. This dependency can hinder the development of genuine trading skills and critical thinking.
- Subscription Model Risk: The service operates on a subscription model $67/month or $40/month annually for the standard plan. If users do not achieve profitability, these recurring costs further eat into their capital, adding to the financial burden without a guaranteed return.
- Vague Explanation of “AI”: While “AI” is a buzzword, the website offers limited technical detail on how their “revolutionary algorithms” actually work. This lack of transparency can make it difficult for users to assess the true efficacy and reliability of the underlying technology.
- Customer Testimonials Caveat: While the website features positive testimonials, it’s important to remember that these are curated and may not represent the typical user experience. Trading success is often statistical, with a significant percentage of retail traders losing money.
Given these points, especially the inherent speculative nature of the activities and the potential entanglement with Riba, Muslims should exercise extreme caution and ideally seek alternative, permissible avenues for wealth generation and investment.
Elitesignals.com Alternatives
Given the speculative and potentially impermissible nature of conventional trading and signal services like Elitesignals.com from an Islamic perspective, it’s crucial to explore alternatives that align with Shariah principles.
The focus should shift from quick, speculative gains to ethical, sustainable, and productive investments.
- Halal Investment Funds:
- Description: These funds invest only in Shariah-compliant businesses and assets, avoiding industries such as alcohol, tobacco, gambling, conventional banking Riba, and entertainment deemed impermissible. They are screened by Shariah boards to ensure compliance.
- Benefits: Professional management, diversification across various halal sectors, and adherence to Islamic ethical guidelines.
- Example: Funds investing in halal real estate, ethical technology companies, sustainable agriculture, or Shariah-compliant equity portfolios.
- Islamic Sukuk Bonds:
- Description: Sukuk are Islamic financial certificates, similar to bonds, that represent an undivided beneficial ownership in tangible assets or a Shariah-compliant venture. Unlike conventional bonds that pay interest, Sukuk generate returns from the profit or rental income of the underlying assets.
- Benefits: Provides a fixed income stream from real assets, avoids Riba, and supports tangible economic activity.
- Example: Sovereign Sukuk issued by governments or corporate Sukuk issued by Shariah-compliant companies to fund specific projects.
- Direct Equity Investment in Shariah-Compliant Companies:
- Description: Directly investing in shares of publicly traded companies that adhere to Shariah screening criteria. This involves analyzing a company’s business activities, debt levels, and revenue sources to ensure they are permissible.
- Benefits: Direct ownership, potential for capital appreciation, and alignment with Islamic principles of ethical business.
- Criteria common examples: No excessive debt e.g., debt-to-equity ratio below 33%, primary business activities are halal, minimal non-halal income.
- Halal Real Estate Investment:
- Description: Investing in residential or commercial properties through direct ownership, joint ventures, or Shariah-compliant real estate investment trusts REITs. Income is generated from rental yields or capital appreciation upon sale.
- Benefits: Tangible asset, potential for stable income, and generally considered a permissible and stable investment.
- Considerations: Location, property management, and market conditions.
- Zakat-Compliant Investments and Charitable Giving:
- Description: While not an “investment” in the traditional sense, focusing on charitable giving and ensuring one’s wealth is purified through Zakat is a fundamental Islamic principle. Donating to reputable charities, supporting needy families, or investing in Waqf endowments that serve the community can be highly rewarding.
- Benefits: Spiritual reward, purification of wealth, and direct positive impact on society.
- Example: Supporting orphanages, educational initiatives, clean water projects, or small business development for the poor.
- Ethical Entrepreneurship and Business Ventures:
- Description: Investing in or starting businesses that provide genuine goods and services, operate ethically, and avoid Riba in their financing. This involves direct participation in the economy and creating value.
- Benefits: Active involvement, potential for significant returns from productive efforts, and contributing to the real economy.
- Examples: E-commerce businesses selling halal products, tech startups providing ethical solutions, or sustainable agriculture projects.
These alternatives prioritize ethical considerations, tangible asset backing, and the avoidance of speculative activities and Riba, offering permissible and potentially rewarding avenues for financial growth and wealth management within an Islamic framework.
Elitesignals.com Pricing
Elitesignals.com offers a tiered pricing structure, with both monthly and annual subscription options, designed to provide discounts for longer commitments.
The core offerings are divided into “Standard” and “Advanced” plans.
- Monthly Plans:
- Standard Plan: Priced at $67 per month.
- Includes: EliteAlgo Buy & Sell Indicator, Oscillator Companion Toolkit, VIP Community & Analyst Signals, Forex, Stocks, & Options Alerts, Indices & Futures Alerts, Real-Time Alerts.
- Advanced Plan: Priced at $97 per month.
- Includes everything in the Standard Plan, PLUS: ChartLabs Premium Access, Price Action Toolkit, Unlimited Charts & Indicators, Unlimited Alerts & Customization, Dedicated Setup Support.
- Standard Plan: Priced at $67 per month.
- Annually Billed Plans:
- These plans offer significant savings, advertised as “Save Up To 50% Annually.”
- Standard Plan Annual Billing: Priced at $40 per month when billed annually.
- Total annual cost: $480 $40 x 12. This represents a 40% discount compared to the monthly Standard plan $67 vs $40.
- Advanced Plan Annual Billing: Priced at $48 per month when billed annually.
- Total annual cost: $576 $48 x 12. This represents a 50% discount compared to the monthly Advanced plan $97 vs $48.
Key Observations on Pricing:
- Discount Incentive for Annual Commitment: The annual plans are clearly positioned as the more cost-effective option, heavily incentivizing users to commit for a full year. This is a common strategy for SaaS Software as a Service companies to secure longer-term subscriptions and reduce churn.
- Tiered Features: The Advanced plan primarily adds more charting capabilities, customization, and dedicated support, suggesting it’s aimed at users who require more sophisticated analysis tools or more personalized assistance.
- No Free Trial: The website does not explicitly mention a free trial period. This means users are expected to commit financially from the outset to test the service, which can be a barrier for those hesitant to spend money without experiencing the product first.
- “All Inclusive Access”: The pricing structure is presented as offering “All Inclusive Access” within each tier, implying that there are no hidden fees beyond the stated monthly or annual charges. The website also explicitly states “absolutely no hidden fees.”
- Urgency Marketing: The presence of a “SALE ENDS IN” timer on the pricing page further reinforces the idea of a limited-time offer, pushing potential subscribers to make a quick decision to avail the advertised discounts.
From an Islamic perspective, while the pricing itself is a service fee and not directly Riba, the expense becomes a concern when the underlying service facilitates impermissible activities speculative trading, potential Riba in instruments. Paying for a service that guides one into non-halal financial dealings would be problematic.
The cost-benefit analysis should therefore include a rigorous assessment of whether the investment activity itself is permissible.
How to Cancel Elitesignals.com Subscription
Based on the information provided on Elitesignals.com’s FAQ section, cancelling a subscription appears to be a straightforward process, offering multiple avenues for users to manage their membership.
Methods to Cancel:
- Logging into Your Account: The primary and most direct method mentioned is to simply log into your personal account on the Elitesignals.com website.
- Steps Implied: Once logged in, users would typically navigate to a “Membership,” “Subscription,” “Billing,” or “Account Settings” section where they should find an option to manage or cancel their recurring payments. This is the standard procedure for most online subscription services.
- Via Email: Users also have the option to cancel their subscription by sending an email.
- Email Address: The FAQ specifically provides the email address:
[email protected]
. - Recommendation: When cancelling via email, it is always advisable to include all relevant account details e.g., registered email address, username, subscription ID if available to expedite the process. Request a confirmation of cancellation for your records.
- Email Address: The FAQ specifically provides the email address:
Important Considerations for Cancellation:
- Timing: While the website states “You can cancel your subscription at any time,” it’s crucial to check the specific terms and conditions regarding billing cycles. Most subscriptions are billed in advance, and cancelling might prevent future charges but not refund the current billing period’s fees.
- Annual vs. Monthly Plans: For annual subscribers, cancelling typically means the subscription will not renew for the next year, but no refund will be issued for the remaining portion of the current annual term. Monthly subscribers might be able to cancel before the next billing cycle to avoid further charges.
- Access After Cancellation: Generally, access to the indicators, signals, and Discord server will continue until the end of the current paid billing cycle, even after cancellation.
- Confirmation: Always seek confirmation of your cancellation, whether through an automated email from the website after an in-account cancellation or a direct reply from customer support if you cancel via email. This serves as proof in case of any future billing discrepancies.
Given that the platform facilitates activities that may not align with Islamic financial principles, cancelling the subscription would be a necessary step for those seeking to divest from impermissible financial engagements.
Elitesignals.com vs. Competitors
When evaluating Elitesignals.com against its competitors in the trading signals and AI-driven indicator space, it’s essential to consider the common features and differentiation points.
Many platforms offer similar services, often leveraging various forms of technical analysis, proprietary algorithms, or community-driven insights.
- Traditional Signal Providers: Many services simply provide buy/sell signals via Telegram, Discord, or email, often based on manual analysis by experienced traders or simple algorithmic scripts. These can vary widely in quality and transparency.
- Proprietary Indicator Platforms: Companies like Lux Algo, TrendSpider, or TradingView’s premium indicators offer advanced charting tools and custom indicators that users can apply to their own analysis. Some also feature “backtesting” capabilities to evaluate indicator performance historically.
- Automated Trading Bots/Platforms: Platforms like 3Commas, CryptoHopper, or even some brokers directly offer automated trading bots that execute trades based on predefined strategies or signals. These require users to connect their exchange accounts.
- Educational Platforms: Many services bundle signals with extensive educational content, courses, and live webinars, aiming to teach users how to trade rather than just providing signals.
How Elitesignals.com Positions Itself:
Elitesignals.com attempts to differentiate itself by emphasizing:
- “AI” and “Revolutionary Algorithms”: This buzzword appeal suggests a cutting-edge approach beyond simple indicators. While competitors might also use AI, Elite Signals places it front and center.
- “EliteAlgo” as a Core Product: They market a specific, branded indicator EliteAlgo as their flagship offering, promising non-repainting signals and multi-market compatibility. Many competitors offer a suite of indicators rather than focusing on one primary one.
- Community and Analyst Signals: The inclusion of a VIP Discord server with “signals from pro traders” adds a human element and community aspect, which can be appealing for networking and learning from others. This is a common feature among many signal providers.
- Beginner-Friendly Claims: They explicitly target beginners “No trading experience required” with an accompanying course, suggesting a more accessible entry point compared to some complex professional-grade platforms.
- All-Inclusive Pricing: Their tiered pricing aims to provide comprehensive access without hidden fees, unlike some platforms that might charge extra for specific features or markets.
Key Differentiators and Considerations from the website’s perspective:
- Non-Repainting Signals: If true, this is a significant advantage over many poorly coded or free indicators that can mislead traders by changing historical signals.
- Multi-Market Coverage: The claim to work across forex, stocks, options, indices, futures, and commodities offers broad utility, potentially reducing the need for multiple subscriptions.
- Integration with TradingView: Their exclusive integration with TradingView is a strong point for users who already utilize or prefer TradingView’s charting capabilities, as it’s a widely popular platform.
From an Islamic Perspective Comparison with Alternatives:
When comparing Elitesignals.com or any conventional trading platform to Shariah-compliant alternatives, the distinction is clear:
- Conventional Platforms like Elite Signals: Focus on maximizing profits through speculative trading of financial instruments, often involving leverage, short-selling, or interest-based components, which are impermissible. They provide tools to engage in activities with high uncertainty.
- Halal Alternatives e.g., Islamic Funds, Sukuk, Ethical Equities: Focus on real economic activity, tangible asset ownership, avoiding interest Riba, excessive uncertainty Gharar, and gambling Maysir. They prioritize ethical investment and wealth generation through permissible means.
Therefore, the “competition” from an Islamic standpoint isn’t about which signal provider is better, but rather about moving away from such speculative ventures entirely towards intrinsically permissible and ethical financial activities.
How to Cancel Elitesignals.com Free Trial
The Elitesignals.com website’s FAQ and general content do not explicitly mention or offer a free trial period. This is an important distinction, as many online subscription services use free trials as a primary method for customer acquisition.
Given the absence of information about a free trial on their website, it’s safe to conclude that:
- There is no free trial available. Users are expected to sign up for a paid subscription from the outset, either on a monthly or annual basis, to gain access to their services.
- Cancellation procedures would only apply to paid subscriptions. Therefore, the guidance provided earlier on “How to Cancel Elitesignals.com Subscription” would be the relevant procedure if a user has signed up for a paid plan and wishes to terminate it.
Implications of No Free Trial:
- Higher Barrier to Entry: Without a free trial, potential users cannot test the efficacy of the indicators or the utility of the platform before committing financially. This requires a greater leap of faith from the customer.
- Customer Acquisition Strategy: The absence of a trial might suggest a focus on attracting users who are already convinced by the marketing claims or testimonials, rather than those who wish to “try before they buy.”
- Risk for the User: For anyone considering the service, the lack of a trial means they must invest their money upfront to experience the product, bearing the full financial risk from day one.
In light of the Islamic perspective on speculative trading, the absence of a free trial further emphasizes the financial commitment required for an activity that is often deemed impermissible.
This lack of a “test period” for a potentially problematic service means an immediate financial outlay into a high-risk, potentially non-halal endeavor.
3. Frequently Asked Questions
How does EliteAlgo work?
Once you choose a plan, you receive access to Elite Signals indicators within 8 hours.
These indicators appear in your Tradingview account under “invite-only” scripts.
They work with both free and paid Tradingview plans.
You also get access to their VIP members area and VIP signals in their Discord server, along with setup instructions via email.
What markets and timeframes does EliteAlgo work with?
EliteAlgo is stated to work on any international market, including stocks, options, indices, forex trading, futures, and commodities.
It operates on all timeframes available on Tradingview, supporting scalping, swing-trading, and intraday trading.
Does EliteAlgo repaint its signals?
No, according to the website, EliteAlgo signals do not repaint.
This means that a signal, once it appears, will not change or disappear retrospectively.
Is EliteAlgo beginner-friendly?
Yes, the website claims EliteAlgo is beginner-friendly.
It comes with a course teaching setup and proper usage of its features. Americanvanlines.com Reviews
How much does EliteAlgo cost?
EliteAlgo offers all-inclusive memberships starting at $67/month for the Standard plan or $97/month for the Advanced plan.
Annual billing offers discounts, bringing the cost down to $40/month Standard or $48/month Advanced when billed annually.
Does EliteAlgo work on mobile devices?
Yes, EliteAlgo works on the Tradingview website and the Tradingview App, supporting both Android and iOS devices.
Do you have tutorials on how to use EliteAlgo?
Yes, upon signing up, users receive an email with video tutorials.
Tutorials are also available in the header of their website and within their Discord server.
Does EliteAlgo work with MetaTrader?
EliteAlgo indicators work exclusively on the Tradingview website and mobile app.
While charting and analysis are done on Tradingview, users can execute trades with any broker or platform, including MetaTrader 4/5.
Is the Buy and Sell indicator good for beginners?
Yes, the website states it is good for beginners because it clearly shows the current trend, helping beginners avoid trading against it. Tutorials and support are available for guidance.
How can I cancel my Elite Signals subscription?
You can cancel your subscription at any time by logging into your account on the Elitesignals.com website or by sending an email to [email protected]
.
Why do I need to join the Discord server?
Joining the Discord server provides access to strategy sections, signals from professional traders, watchlists, screeners, and allows for direct interaction and chat with other community members. Fiscozen.it Reviews
Does Elite Signals offer a free trial?
No, the Elitesignals.com website does not mention or offer a free trial period for its services.
Users must sign up for a paid subscription to access the tools.
What is included in the Elite Signals Advanced plan?
The Advanced plan includes everything from the Standard plan, plus ChartLabs Premium Access, a Price Action Toolkit, Unlimited Charts & Indicators, Unlimited Alerts & Customization, and Dedicated Setup Support.
Are there any hidden fees with Elite Signals?
No, the website states there are “absolutely no hidden fees” and that their pricing options are transparent and straightforward.
How many traders reportedly use Elite Signals?
The website claims to be trusted by over 56,000 traders globally.
What kind of support does Elite Signals offer?
Elite Signals provides 24/7 world-class support via email and within their Discord group. They also offer live chat on their website.
What is the EliteAlgo Buy & Sell Indicator?
It is presented as a primary tool that provides clear signals for identifying high-probability trade setups and avoiding high-risk trades, helping users enter and exit markets effectively.
Does Elite Signals provide financial advice?
No, Elitesignals.com explicitly states that its team members are not registered as financial advisors and do not provide financial advice.
All content is for educational purposes only, and users are responsible for their own trading risks and decisions.
Can I use Elite Signals for swing trading?
Yes, EliteAlgo is designed to work on all timeframes available on Tradingview, including those suitable for swing trading, in addition to scalping and intraday trading. Nhlaw.co.uk Reviews
How quickly do I get access after signing up for Elite Signals?
Once you decide on a plan, you will typically get access to all Elite Signals indicators within 8 hours after receiving your activation email.
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