Providing comprehensive trading services in diverse niches including Forex, CFDs, and more, Learn 2 Trade claims to be the best signal service. Boasting of delivering global market news anytime and anywhere, this vendor offers a slew of features intended to lure newbie traders.
This service claims to have around 82% winning rate amounting to an average monthly profit of around 40%. Is this service as efficient as it promises? Will it be the right fit for your trading level and approach? Our Learn2Trade review will throw light on whether this is the right system to rely on.
Is This The Right Signal Service You Should Opt For?
Learn 2 Trade is a company about learning to trade forex, cryptocurrency, and stocks online. It’s based in the UK. It was founded on January 2, 2019. Contact information is provided in the form of a phone number, location address, and an email.
Features of this service include daily tips as well as detailed technical analysis, real-time alerts through Telegram, and access to an active trader community on Telegram.
The service deals in major, minor, and exotic pairs. Technical analysis is the main basis for signal generation. This service uses automated technology to use well-known technical indicators and other advanced charting tools like Fibonacci, Moving Averages, and more.
How to Start Trading With Learn 2 Trade
Learn 2 Trade has two formats for users to choose from, namely a free and paid service. You need to join the Telegram account of this provider to gain entry to the free signals.
The premium plan offers three signals per day for five days a week. Its cost ranges from £40 to £119 per month. There is no info on the recommended balance. One-month, 3-month, and 6-month subscription options offer up to 3 signals daily, a 76% success rate, entry TP and SL, and a good risk-reward ratio. A monthly subscription option of £50 provides the same amount of signals as the previous three packages. However, it includes daily video analysis, weekly webinars, 84% success rate, and swing trading signals only. The most expensive subscription option that is available for £119 includes copy trading with L2T, swing and forex signals, EightCap broker, and a promise that if you are subscribed for it, you will never miss VIP signals.
Once you have joined you get real-time notifications on the signals such as their open/close/updated status. Notifications are sent as text or email and entry price levels are shown. You need to pick a broker of your choice and start trading.
Instead, the vendor provides the alerts and notifications for traders to execute effective trades. An algorithm that analyses many currency pairs to provide the highest trading opportunities every week.
L2T provides access to the following instruments: EURUSD, EURGBP, EURCHF, EURAUD, EURNZD, GBPUSD, GBPJPY, GBPAUD, GBPCHF, GBPCAD, GBPNZD, NZDUSD, NZDJPY, AUDUSD, AUDNZD, AUDJPY, CADJPY, CADCHF, USDCAD, USDCHF, and USDJPY.
Learn 2 Trade Backtests
No strategy tests are provided by the vendor. Backtests or strategy tests help in assessing the performance of the service. It is unfortunate to note that this service does not display backtests.
Just as we found with the backtests, no trading results verified by Myfxbook or FXBlue sites are found here. The telegram account reveals profitable trades and the vendor also assures a profit of around 82% on an average. Despite all this info, it would be better to see verified results to get an honest perspective of the trading approach and efficiency. Unverified trading results make it difficult to rely on this system.
Learn 2 Trade as the name implies provides all the necessary guides to help traders know about trading different instruments including Forex, CFDs (Stocks, Indices, Hard metals, futures, options, etc.), individual shares, and the stock market indices. The guides comprise of tutorials on how to use the Forex signals, economic calendar, signals report, and how to choose the right broker.
Brokers and Regulation
The devs promote AVATrade, Tickmill, Markets.com, Moneta Markets, Interactive Brokers, HYCM, CMC Markets, and TemplerFX brokers.
Scrolling the website, we can find the info about regulations.
User reviews for this service are found on the Trust Pilot site. We found both positive and negative reviews. The screenshots of the reviews are shown below:
As you can see from the screenshots above, the negative reviews indicate that users have lost money and that the service is not proper. In spite of the site displaying several positive reviews, the negative reviews indicate that all is not well with this service and that it needs some sprucing up. Given the fact that we were not able to find verified trading results, the negative feedback only serves to strengthen our reservations regarding the dependability of this vendor.
On FPA the system has only 1 review written in 2021.
This trader is not satisfied with this signals provider.
Learn 2 Trade does not provide verified trading results or strategy tests, which are critical to judging the performance of the system. Without verified results, we cannot know how reliable a system is. Although the vendor claims a winning rate of 82%, we need verified statistical data to believe it. Secondly, the negative user review on the Trust Pilot site indicates that the company is not as successful as it claims to be. While the vendor provides free service with restricted access, there is no money-back guarantee provided.
- Free signal service is provided
- The guide comprises sufficient trading-related info
- Does not provide verified trading results
- Negative user feedback
- The premium package is expensive