This paper studies the performance of Traffic Engineering (TE) signal protocols used for load balancing in Multi-Protocol Label Switching (MPLS) networks, namely;Constraint Based Routed Label Distribution Protocol LDP (CR-LDP) and Resource Reservation Protocol (RSVP). Furthermore, the performance of an MPLS network uses these TE signal protocols is compared to that of a conventional Internet Protocol (IP) network. Different applications including voice, video, File Transfer Protocol (FTP) and Hyperlink Text Transfer Protocol (HTTP) are used for the performance evaluation. Simulation results show superior performance of the MPLS network with CR-LDP TE signal protocol in all tested applications.