WeTalkTrade is a service providing free and paid Forex signals. Through this application, traders receive instant notifications on price movements and signal updates. It is a platform where you can learn Forex trading and confirm your market forecasts by consulting the signals.
Detailed Forex robot review
The presentation on the official website is quite brief. After a short introduction, the vendor has shared a list of features. Here, you can also find the pricing details, the timeline of the company history, and an FAQ section. Traders can download the official apps directly from the website.
WeTalkTrade is a company that was founded in 2009. It has been providing free signals since 2012, but we don’t know exactly when the premium service was introduced. There is no information on the founding members and the vendor has not revealed the identities of the traders generating the signals. The headquarters of this company is located in Wilmington, Delaware, USA.
You can use this system for all Forex pairs. Each signal has a precise stop loss and take profit levels. There are intermediate target levels in each signal, and the seller claims that this effectively reduces the losses. The stop loss values are more precise and the target levels are higher for premium signals.
Premium signals offer more than 2000 pips each month and according to the vendor, they have an overall success rate of 79.97%. By signing up for Premium, you can get instant notifications for all signals. You can also contact the support team 24/5 for any queries you might have.
WeTalkTrade offers signals for all major pairs and those involving EUR. You need to enable copy trading on Metatrader 4 or Metatrader 5 platforms. The signals contain all the trading details and you can check between the presently active and the most recently closed signals. According to the vendor, the user interface is very elegant and even novice traders can easily work with it.
This platform has an economic calendar where you can see the financial news releases for various nations and how they influence the price of Forex pairs. WeTalkTrade also has a copy trading feature where you can mimic the trades placed by seasoned professionals.
You can choose the trading lot size and switch between automatic and manual copy trading. There is a web app for this signals provider, but you can choose to download the Android or iOS versions as well. The platform only sends notifications for the preferred pairs and you can receive them without opening the app.
WeTalkTrade strategy tests
The vendor has not explained the trading schemes behind the signals. Different traders have different trading styles and thus they look for some strategy insight. Without it, it might be difficult to use the signals efficiently.
It is a common practice for EA vendors to test their automated strategies using historical data. These tests reveal the ability of the system to deal with various market scenarios. Since this is just a signals provider, there is no backtesting data for it.
Live account trading results
We don’t have the verified trading results for this signals provider. Without them, it is impossible to determine whether the signals are profitable in the live market or not. We cannot verify the 80% success rate promised by the vendor and it is not known since when the system has been active in the Forex market.
There are two pricing plans for WeTalkTrade, namely Basic and Premium. The Basic plan is free and has an average success rate. For the Premium plan, you have to pay a monthly fee of $79.99. This plan comes with 24/7 live support, hassle-free copy-trading, and a high success rate. Unfortunately, there is no refund policy.
We came across multiple reviews for this service provider on Trustpilot. One of the users has stated that this is a scam service. Another one has claimed that the company extracted money from their account without their permission. Apparently, all their emails were ignored and they weren’t provided with a refund.
WeTalkTrade is a signals service for which there are no verified trading accounts on third-party websites. We don’t exactly know what strategy the traders follow and there is very little information on the parent company. The premium service carries high monthly charges and the vendor does not offer you the protection of a money-back guarantee.