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Signals Review: WeTalkTrade

As I settle back in from the Christmas break, this first review is of a signal provider, with multiple different products in the Forex marketplace, WeTalkTrade. Last week, I did an analysis of their Pipbreaker Forex indicator, but today I’ll be looking more at their live Forex signals application, and anything else they have to offer on their website.

The head offices for WTT are located at 2711 Centerville Road, Suite 400, Wilmington, DE 19808. The best way to get in touch with support, is either via the chat box on their Facebook page, or emailing support@wetalktrade.com.

WeTalkTrade Review

To start, the WeTalkTrade website is professional looking, with just over 20 blog posts, ranging in topics from MQL programming to trading tips and strategies. They also provide access to a Forex trading strategy e-book that they utilize to collect emails of potential clients. Unlike most developers, they have many different social profiles and provide an exact location of their service headquarters.

While the website is quite aesthetically pleasing, I find that there is a real lack of substance when it comes to the information being provided. Whether it’s the blog posts, or the product explanations that they provide, there are usually quite a few missing elements as the vendor does a poor job at getting underneath the surface level.

On the main sales page for the signals application, we are told that the system works on 12 major currency pairs, for all levels of traders, and provides an 85% success rate. Hopefully there is some proof to verify this success rate, as the Pipbreaker indicator they provide, did not give us access to any trades, or trading history. This is also the case with recent signal provider review I did of AndyW Ltd.

Breakdown

  • Type: Forex Signals
  • Price: $79.99/month
  • Strategy: Undisclosed
  • Timeframe: All Timeframes
  • Pairs: 12 Pairs

The WeTalkTrade signals can be accessed for free as a basic member, but in order to get a high success rate, the vendor promotes their premium version. This is the main highlighted difference between the 2 plans, as the free version also provides access to the 12 major currency pairs, and the instant notification alerts. With the premium version, traders are promised a high success rate, and 24 7 live support. The basic version offers an average success rate and limited support.

Before signing up for the premium version, I would recommend testing out the free signals as this will give you some insight into what you can expect from the service.

Trading Results

Much like the Pipbreaker indicator, the WeTalkTrade signals service doesn’t provide the level of trading results I was expecting. Considering that the developers of this product are telling us that they have an 85% success rate, I’m surprised there are no trading results to back up these claims.

This means that the developer is either being deceptive about the success rate, or they are making a rough guesstimate. In both of these scenarios, we are not getting access to long form trading statements, or FX Blue accounts that could verify the validity of the signals being sent.

In the early days of Forex, this was acceptable, but as there are hundreds if not thousands of trading products on the market now, it’s best that we see verified trading results before we register.

Client Reviews

The only other way to decipher the level of success of the WeTalkTrade signals, is by sorting through the application reviews on Google Play. Here is the current breakdown of their client reviews:

  • 5 star: 438
  • 4 star: 129
  • 3 star: 63
  • 2 star: 34
  • 1 star: 113

While these ratings are pretty good, I still prefer trading results, because reviews can be manipulated.

Out of the last 3 customer reviews, there have been two 1 star ratings, and one 5 star rating. The one thing I appreciate about this, is how the developer answers every review.

Update 2021

There hasn’t been much change since our original review. In fact, it’s almost entirely the same.

The only clarity we were really looking for was in terms of trading results and transparency. Despite this being a major request in our review, there are still no updates to this 3 years later.

There is still nothing on the website proving the 85% success rate promise. This needs to be resolved before they can be considered for the best Forex signals page.

Conclusion

I certainly appreciate the professional approach pushed forward by the WeTalkTrade vendor, but when it comes to the services, I still need to see more. I would be much more comfortable signing up for the premium signals, if I was able to see some trading results that verify the success rate being promised. Maybe I’m too skeptical, but I appreciate a certain level of transparency that I’m just not seeing here.

If you have anything you’d like to contribute to this review, please do so now.

WeTalkTrade $79.99/mongh
  • Pricing
  • Strategy
  • Trading Results
  • Client Feedback
  • Customer Support

Summary

WeTalkTrade is a Forex signal service that provides trades on 12 separate currency pairs.

Overall
2.9
Comments Rating 1 (1 review)

Pros

Good support Professional company

Cons

No results No strategy insight

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

14 comments

  1. Worst signals

    Is completely crap no results at all. Give a review and check wave FX signals no prices and Im following them since June and have made some profits

  2. Hi I bought Pip Breaker, And The Moment I was about to use it last year, the broker I was using got Liquidated and when I asked them to Change my Details To a Different broker, no one helped me till today and this thing happened last year around March…

  3. I could not recommend this product. Purchased the Pipbreaker and found it to just randomly pick a direction. When asked for help. I was told just take every signal and you should win more trades than you lose. They also offered to zoom call me to teach me how to be successful with the system. After setting up a day and time, they didn’t even bother to pitch up. My opinion, this is a waste of money. After complaining again they told me if I can’t be successful with Pipbreaker, I should try there other system which is better. What a joke.

  4. Hi everyone i bought the velocity finder indicator from wetalktrade totally useless indicator .im not used it anymore it not make sense you waste your money.just warning to everyone its not good investment or what i say just give your money to them for free.

  5. I was following their free signals for 1 month and verified each one of them and ended up with 350 approximately pips of revenue, they usually send 3 to 5 daily signals with an entry point; take profit 1 and take profit 2 ; stop loss and sometimes they will close it before reaching any of those to prevent losing,
    ; I will give it a try to their paid signals where they claimed being more accurate and with more revenues; based on what I can say from their free signals seems pretty solid to me

  6. I signed up to WeTalkTrade yesterday and have had three losses in a row so far, I have called it quits and will be sticking with my current signal providers. They would post a trade, lets say for example a sell trade that would be touching a very strong support line, all of my other signal providers say buy, and it doesn’t take an expert to see that the trend they are going with is about to reverse, my fourth trade I went against their signal and bought instead of selling, my trade won! having put that trade on with their advice I would have lost again. I admit that their interface looks nice, but you can pay a developer a small amount of money to fix a nice looking site up for you, as this review reads, I would like to see some actual trade results!

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