Is Pipbreaker reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex indicator is worth your money or not.
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About Pipbreaker
Pipbreaker is a Wetalktrade product available on developer’s website.
According to the vendor, the system has a user friendly design that is easy to understand (Green arrow for BUY and Red arrow for SELL) and 24/7 support.
Pipbreaker claims to give advantage in the financial market with its expert strategies. Here, the system offers forex traders a low risk trading account with its stop loss.
Pipbreaker: Reasons to Avoid This System
Pipbreaker is a forex indicator that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
The system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
There are many positive customer reviews on the vendor’s website which are too good to be true. However, this leaves us in doubt because this is a way to lure traders into buying the system.
Again, the system provides no back test result to tell us how effective the product is on a trade before it was released.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Pipbreaker Trading Strategy
Pipbreaker fails to mention the trading strategy it uses on trades. All it can tell us is that the indicator works on any trading style be it short term, long term or scalper.
Also, the indicator operates on any type of counters/pairs.
As for the time frame, there is no information on that for traders.
Pipbreaker Trading Results
According to the USD demo account on JustForex, the account had 3 months life span(Oct 2020 to Jan 2021) traded on a deposit of $199,999 with an average monthly gain of 0.47% and drawdown of 0.72%.
Also, the account closed 1040 trades with an average win of 18.26 pips and an average loss of 26.66 pips.
Conclusion: Is Pipbreaker a Reliable Forex Indicator?
Pipbreaker does not seem like a reliable forex indicator for traders even though it promises offers that look good to be true.
The lack of details on important insights is a turn off. Forex indicator like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
It is our duty to review forex robot and also share reasons. For now, we do not recommend this system for trading.
Kindly share your comment about this broker in the comment section.