Agree with you. Signal providers are waste of time (and money in many cases). PAMM accounts are similar easy way to lose money with hands down.
I do not have an idea about this account but I know that signal provider are always fake because if they are true then they do not need to sell it for money.
Of course, you need to have lots and lots of knowledge and learn how to trade manually, else if not, you could be just wasting your time in it.
Most of the signal providers are a complete waste of time. Some of them would want you to register with their broker where they have an IB account. In the end they won't trade the signals they provide. Be careful what you choose. As for the facebook group signal posted on the start of the thread, the guy is now posting his signal on http://www.singtip.com/showthread.php?tid=92&pid=183#pid183 , the signal is not regular, but there is decent profit.
There is nothing new in that, you need knowledge of what you are going to work. Forex is about your skills that how you manage your money in difficult situation.