WeTalkTrade Review

Dec 28, 2021 09:58 AM ET
WeTalkTrade Review

WeTalkTrade trades on cryptocurrencies, metals, currencies, and indices. Traders can use the copy trading option to automate the signal receiving process. The company claims to have an 80% accuracy in the market which we will verify in our review. We will also go through the various offerings and discuss the pros and cons so traders can get an idea of whether they should purchase the service or not.

All the information about the robot is available on the website, where the developer explains the installation procedure and lists the records. The interface of the webpage is poor, and traders can struggle to find the necessary knowledge.

WeTalkTrade Strategy

Type

Fully-automated EA

Price

$79.99

Strategy

N/A 

Compatible Platforms

MetaTrader 4

Currency Pairs

Multiple

Timeframe

N/A

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

N/A

Trading strategy explanation

The developer states that they trade on multiple financial instruments, including currencies, metals, crypto, and indices. They use numerous take-profit levels to exit the market partially when they reach a certain level. There is no further information present on the strategy. There are also no live records on Myfxbook that we could use to analyze the methodology.

How do the signals work?

Traders can use the signals in the following steps:

  1. Purchase the signals from the website after signing up

  2. Log in to the mobile app to start copying signals

  3. Traders can also use a copy trading option to mimic the positions automatically

Features

The signals have the following features:

  • Mobile app available for both android and iPhone

  • Automated copy-trading available

  • Free signals available for a trial

  • The economic calendar for determining important market events

  • Multiple indicators are available on the website

Backtest data analysis

There are no backtesting records available for the signals or the indicators present on the website. We searched under each tab but could not find the related information.

Live trading data analysis

The company does not provide us with live or manual tracking. We searched for Forex Peace Army, Myfxbook, and FXBLue records but could not find any details.

Vendor transparency

The product's author is unknown as no portfolios are present about them on the webpage. There are no details on their whereabouts or trading experience. In the about us section, the company states that they had started working on the markets back in May 2009. Since then, they have been doing developments on their products. There are no advancements from July 2019 and onwards. 

Price

Traders can get their signals for free, but no automated copy trading options are present. The premium services come at $79.99 for a single month, allowing trades to be copied automatically on your account. This model's success rate is high, and the support is available 24x7.

Pricing model.

Customer reviews

We have 36 reviews available on Forex Peace Army which gives the company a total of 3.195. 

WeTalkTrade’s page on FPA.

One of the traders says that he had purchased one of the indicators from the website, and it is not working correctly. It gives out a lot of false signals.

Customer review.

Another customer states that the technical support is not good enough and the company is always trying to sell their products. He says he is working to install their news feed on the charts, but the purchase notification keeps popping. These expert advisors do not make money, and traders can lose money.

Customer review.

Review summary

Pros

  • Uses automated copy trading

Cons

  • There is not enough transparency on the strategy

  • No live records are available

  • No information on the developer

WeTalkTrade is not transparent on a number of factors. We cannot find any live records that could show us the trading performance. The company is not clear on their experience in the market and whereabouts. 

Rating: 5/10


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