We Talk Trade works on multiple financial instruments and allows traders to use their exclusive mobile application for accessing trades. The company claims to have an 80% success rate with its strategy and has an easy-to-use platform that others can easily understand. We will be covering all the pros and cons of We Talk Trade in our review and see if they are good enough to be added to our portfolios.
The company offers its signals for free, but traders will have to copy the trades manually on their accounts. For the automated copy trading options, the services come at the cost of $79.99 a month. There is no money-back guarantee available for traders.
Is the We Talk Trade good?
We Talk Trade is not transparent on their live and backtesting records, which raises many concerns about their service. We could not find any details on the developers or their trading methodology.
Features of We Talk Trade
The algorithm has the following features:
- Free and premium signals
- Automated copy trading
- Mobile application available
- Live chat available on the website
|Customer Reviews||3.272 for 36|
What strategy does We Talk Trade use?
The developers are not transparent on their strategy to trade the markets. From the images on the website, we can deduce that each trade comes with a single stop loss and multiple take profits. The provider claims to have an 80% success rate with trades on all financial instruments.
Backtesting vs live trading results
There are no backtesting records available that we could use to discuss the historical performance of their strategy. Failure to provide us with proper results raises many concerns about the service.
There are no live records available on the website that could show us the current performance of the signals. Again this is a poor approach from the company that leads us to question their authenticity.
The core team
The developers do not share any information regarding their trading experience in the markets. They state that they have been in the financial industry since the start of May 2009 and later on developed their own algorithms. They found profitability with a couple of custom strategies and then shared it with traders.
The company has a total rating of 3.272 for 36 testimonials on Forex Peace Army. One of the traders says that the company is not as profitable as they have mentioned on the website. The winning rate stands at 65% only, and traders should avoid their signals on gold.
Another customer states that he bought one of the indicators from the website, and it is giving out a lot of false trades. Traders should stay away from it as it will eat their account balance.