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Slicktrade Review – Scam or Quality Education for $179/month?

Slicktrade Review – Scam or Quality Education for $179/month?

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We are reviewing a website that believes that through providing free and subscription-based learning materials, they can significantly influence the way their clients trade and make money. Slicktrade.net claims to be the ultimate trading academy, offering a signature product known as the Slick Trade Sapphire Membership which caters to both beginners and experienced traders.

This package costs $179 per month, and contains a number of features which Slick Trade claims will help traders gain financial freedom. To be specific, this product contains 32 winning Forex strategies, 10 expert advisors and auto traders, Forex and Nadex signals, strategy templates and custom indicators, technical support/remote assistance, MT4 work setup, friendly customer support, Twitter alerts, private membership chat, optional SMS or email alerts, new member orientation, Price action trading course, training tutorials, and an online trading journal. It looks like you are getting a lot with Slick Trade.

Slick Trade also claims that they are adding more stuff into the list to enhance the trading experience of their users. And then on another part of the website, they make a declaration that Slick Trade has consistently managed to enjoy a win rate of between 81% to 94% since 2014. We wonder if this website can produce some sort of proof that this has been the case. There are a couple of ways that vendors can prove their worth. One of them is by showcasing their past performance on a verified myfxbook account. In fact, this is the most reliable method or proving who they claim to be. So my question is why there is no past performance to authenticate these claims?

Note: Trade with these tools if you want to be successful in FX.

Slick Trade Review – the truth

Having gone through the entire website and its content, we feel that it can be quite overwhelming to the first timer who doesn’t know where to start as far as information overload is concerned. Free education on Slick Trade website involves news, charts and a free Forex margin calculator. We feel that this free education is quite lacking in content. It is just there to help persuade new users of this site that Slick Trade is offering more if they signed up.

SlickTrade

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It is also a mechanism through which Slick Trade can funnel new leads into their program so as to nature them until they can convert into paying customers. So this is definitely a marketing strategy as opposed to something that was done in your best interest.

Slick Trade is also purely a membership website. One has to register to learn most things. If a visitor is only interested in information, they can’t get it until they sign up. The only information that is freely accessible is the ridiculous promise that Slick Trade is delivering signals that have a win rate of 94% since 2014. The other freely available material that doesn’t need registration is there testimonials where supposed users claim that they have been able to attain some sort of financial freedom since they joined the site.

Of course there is no way to verify these testimonials. It’s quite difficult and unless the owner of the site provides some sort of proof that these texts were written by happy users, we think it’s quite useless to provide these testimonials. They might have been published for purposes of fooling new traders who end up getting convinced that Slick Trade is a real trading school.

The products which they promote

EAs and Forex indicators is big business on this website. They even admit it by saying in their disclaimer that when students buy any of these affiliated products, they will receive a cut of the cost of the product. While there is nothing wrong with promoting products on a site like Slick Trade, it only amounts to a criminal offence if the site owner is knowingly misleading users or promoting the products for the sole purpose of earning and not because of the welfare of their users.

On top of that, these EAs and indicators have not been proven to work as effective because no myfxbook performance was given to showcase how these indicators and robots have been working in the past. Therefore, it’s quite difficult to trust that the whole package which is based on $179 monthly subscription will give us quality products which can help us achieve the touted financial freedom that this website wants its users to believe in.

No trading performance

While this website comes across as professional, it does not give us any proof to show that their signals have consistently beaten the markets by a percentage of between 81-94. So these claims are unsubstantiated and we cannot really trust Slick Trade on this no matter how bad they would want us to.

It’s going to be very disappointing when we send an email to support only to be told that there is no need to verify anything because the site already has a ”reputation”. What traders need are proven results rather than just numbers since figures take us nowhere as far as the credibility of this site is concerned.

At the moment, we feel that this site isn’t quite transparent with their visitors. There is a lot of marketing declaration which can’t be verified. There needs to be some sort of transparency here. If they have been operating from 2014 (who.is has this information) and winning nearly all Forex signals sent to their clients, they should have no problem proving it. But even if they do not have any myfxbook account, there should be at least a redacted broker statement for the last one month of their trading operations. We are afraid that this document can’t be produced either. But they will still tell their clients how Slick Trade is able to win trades 94% of the time.

Our best advice for you

Slick Trade is a ridiculous trading operation that only seeks to lure in unsuspecting students to sign up for their monthly subscription plan. They will then deduct the amount from your credit card and if you are not careful to cancel early, you will end up with another subscription without authorizing the transaction. Trade with these tools. 

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2 Replies to “Slicktrade Review – Scam or Quality Education for $179/month?”

  1. I am Afolabi.I am a Nigerian who currently is doing a background check on this slicktrade company,you have only speculated withouting giving any prove to back you up.If you must put up these allegations and smearing campaign against them ,you must have proven first by subscribing for this 175$ plan,so as to know the truth .You smeared slicktrade’s EA and advertised yours,check:https://www.valforex.com/2017/06/best-recommended-forex-robots-forex-training-resources.html
    Please give me a concrete evidence that will inform my choice

  2. almost every company has a marketing strategy to bring in customers. most of whom will not provide any documented evidence of their performance unless you actually suscribe or purchase what they’re selling you. So unless your a sceptic of overall marketing you shouldn’t have doubts.

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