Forex Robot ReviewsPassive Income

WeTalkTrade Review: Is It Wise to Hand Your Trading Over to This EA?

3 Mins read
4.4

WeTalkTrade is a live Forex signals application that notifies merchants on market shifts and signal updates. It supports all assets and according to the vendor, is capable of generating signals that are 80% accurate. 

To check the truthfulness of the vendor’s promises, we are going to analyze the live trading performance of the system. We are also going to analyze other factors like vendor’s reputation, features, packages, customer support, and user reviews.

WeTalkTrade company profile 

WeTalkTrade is a company based in Wilmington, DE, USA. It was launched in 2009 and the free Forex signals app was introduced in April 2016. We don’t know who the traders and developers working in this organization are. It is unknown whether they have the experience required to develop Forex trading systems.

The highlights of WeTalkTrade

For all the signals the analysts provide precise take profits and stop losses. You can set the copy trading feature on your MT4 or MT5 trading platforms without any further manual input. The signals get executed automatically on your account. Users can check between the signals that are presently active and the ones that have been closed recently.

Whenever there is a signal update, the app sends you an instant notification via push notification alerts. You don’t even need to open the app to get notified about the signals. You can choose to receive notifications only for the selected currency pairs. 

The WeTalkTrade app has an economic calendar where you can see the different economic news updates from different countries and their impact on the price of currency pairs. By consulting the news releases, you can forecast future price movements. We don’t know anything about the strategies the analysts use for generating the signals.

Facts & figures 

The vendor has not shared the verified trading results for this signals provider. As such, we are unable to substantiate the vendor’s claim of an 80% success rate. Without live statistics, it is impossible to determine where the signals are profitable in the current market scenario. Since this is not an expert advisor, there is no need to analyze the historical performance. 

WeTalkTrade packages 

Pricing packages of WeTalkTrade
Pricing packages of WeTalkTrade

There are two plans for this signals provider app, namely Basic and Premium. With the free plan, you get trading suggestions for all pairs, but there is no copytrading feature. The success rate for this plan is average and you get access to limited support. For $79.99/month, you can get the Premium plan that allows for hassle-free copytrading. This plan has a higher success rate. Additionally, users get access to 24/7 live support. 

The Premium signals are confirmed by the expert trade managers prior to being published. These signals have higher target levels and the stop loss values are more precise. As per the seller’s claims, the Premium signals offer more than 2000 pips in profit on a monthly basis. Compared to the market average, the plan is quite affordable. However, the vendor does not have a refund policy in place.

Assistance

The official website has a live chat feature and you can contact the support team 24/5 to answer your queries. Alternatively, you can drop an email at the address shared on the website. The website also has a contact form that you can use to send a message to the support team.

User review on Trustpilot about the customer service
User review on Trustpilot about the customer service

On a Trustpilot review, one user has mentioned that the customer service representative was not responsive. They have stated that the support representative asked them to send an email, but even that was ignored.

Customer reviews 

Customer reviews claiming that the service is a scam
Customer reviews claiming that the service is a scam

On Trustpilot, more than one user has claimed that this signals app is not a reliable one. One user has claimed that they were unable to access the app and were blocked from the central panel.

Is WeTalkTrade a reliable system?

WeTalkTrade app doesn’t have any verified statistics to back up its claims. The vendor refuses to offer refunds and there is a lack of transparency.

WeTalkTrade Summary

4.4
This signals app has some handy features like economic calendar and copytrading. However, without any verified statistics, we cannot say with confidence that it is capable of generating steady profits in the Forex market. The vendor does not have a decent reputation and there is no refund policy.
4.0

Performance statistics

4.0

Reviews from customers

5.0

Ease of use

4.0

Implemented strategies

5.0

Pricing

Pros

  • +All pairs supported

Cons

  • -No verified performance statistics
  • -No money-back guarantee
  • -No information on trading strategy
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