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 belongs to the Gadget Geek Online Ltd. Group based in London, UK. Contact information is provided in the form of a phone number, location address, and an email. This service is focused on providing easy and quick access to crypto and Forex signals.
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. Nearly 10 accurate and profitable signals are given by this service.
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. For the free option, three signals per week are given without the need to sign up. You need to join the Telegram account of this provider to gain entry to the free 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.
With the premium plan, three signals per day for five days a week are provided. The cost of the premium package ranges from £35 for a month up to £ 250 for lifetime access. There is no info on the recommended balance.
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.
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.
Trading Results
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 40% 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.
Trading Guide
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.
People Feedback
User feedback for this service is 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.
Summary
Advantages
- Free signal service is provided
- The guide comprises of sufficient trading related info
Disadvantages
- Does not provide verified trading results
- Negative user feedback
- The premium package is expensive
Summary
Summing up our Learn 2 Trade review, this Forex signal service provider does not meet our review criteria. In the first place, the service does not give 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 reviews 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 for the premium pack. With so many drawbacks we would not recommend this system.
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