WeTalkTrade Review: Things to Consider Before Investing

WeTalkTrade

WeTalkTrade is a trading solution for investors, traders, and those who seek to be profitable on Forex. The service generates signals for MT4 and MT5 platforms for all Forex pairs. They don’t have any mention of legal registration of a company. The portfolio includes: Best indicator for Mt4 – Pipbreaker, Velocity Finder Neural Trader, MT4 Session Indicator, Newsfeed Indicator, and Expert Trading Robot For MT4 & MT5.

The highlights of WeTalkTrade

We have short explanations about the system functionality and what we have to expect if we decide to work with it. 

  • The system generates signals for Forex, financial instruments, commodities, indices, etc. 
  • We have a money management feature that protects deals with SL and TP levels. 
  • The service can be used through MT4 and MT5 platforms. 
  • We can expect automatic, executing our orders. 
  • The win rate should be over 80%. 
  • The user interface is easy to use. 
  • Signals can help us with better understanding of Forex. 
  • All signals have proper details and explanations why they were generated. 
  • There’s intel from the economic calendar about what we have to expect from the market. 
  • The signals should be used on a demo account before starting using them live. 
  • We can customize risks to fit the signals of our trading expectations. 
  • The devs decided not to provide extra intel about the system and signals.

The developers think those features make WeTalkTrade the best choice in the FX market:

Money management

The system provides all signals with relevant and accurate SL and TP levels. 

Monthly income

We can expect that the signals are profitable and we can grow our account. 

Trading strategy of WeTalkTrade

  • We don’t know details about what strategies are behind the service. 
  • The devs mentioned Forex, commodities, and indices. 
  • We have no intel about time frames. 

Backtesting reports

The presentation isn’t featured by backtest reports. We can treat this as a disadvantage because usually the developers test their productі before they are released. It’s a common practice. So, the final report of the test would show us what we can expect from the system and how the robot handled the past data. 

Trading results in real-time

We have no trading results provided either. It’s a huge con because the devs informed us that the signals are generated on the account. Not showing it looks sad. So, we don’t know what pairs work better as well as know nothing about the system’s profitability, monthly and the total gains, drawdowns, accuracy, lots traded, strategies that are applied and so on. 

WeTalkTrade price

There are two packages available. The Basic pack is completely for free. We can rely on all asset classes, no copy trading, instant notification alerts, average success rate, and limited support. Another pack is a paid one – Premium pack. It can be bought for $79.99 every month. There are signals for all assets, hassle-free copy trading software, instant notification alerts, higher accuracy, and 24/7 live support. We have no refunds and pricing is a bit overpriced compared with the similar offers from MQL5. 

Customer support

The devs provide slow support that takes one-two days to respond to people’s questions. 

Are traders happy with WeTalkTrade?

This doesn’t look pretty right. We have negative comments about the signal quality.

A page of WeTalkTrade on Forex Peace Army
A page of WeTalkTrade on Forex Peace Army

We have a profile of the WeTalkTrade company on Forex Peace Army. There were 36 reviews that formed a 3.195 rate. The FPA warned the service for fake comments. 

Negative people testimonials on Forex Peace Army
Negative people testimonials on Forex Peace Army

People aren’t satisfied with the service quality and signals profitability. 

WeTalkTrade

WeTalkTrade
1 5 0 1
WeTalkTrade provides signals for traders in order to help them with being profitable. Alas, the presentation could convince us of this. We have no backtest reports, trading results or at least pips counters provided. The testimonials mentioned that we should stay aside from the service.
WeTalkTrade provides signals for traders in order to help them with being profitable. Alas, the presentation could convince us of this. We have no backtest reports, trading results or at least pips counters provided. The testimonials mentioned that we should stay aside from the service.
1/5
Total Score
  • Profitability
    1/5 Awfully
  • Strategy
    1/5 Awfully
  • Reliability
    1/5 Awfully
  • Price
    3/5 Neutral
  • Customer Testimonials
    1/5 Awfully

Advantages

  • Acceptable pricing available

Disadvantages

  • No team revealed
  • No strategies details explained
  • No settings explanations provided
  • No risk or money management advice given
  • No broker or leverage advice given
  • No backtest reports provided
  • No trading results shown
  • No pips counter available
  • No refund policy provided
  • Negative testimonials written
Total
0
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