Introduction
TradeWithPat is a social trading website primarily dedicated to forex trading.
Operated by a person named Pat, who communicates his trading strategies via the website and a YouTube channel (https://www.youtube.com/@TradewithPat), the platform offers online trading education and a copy trading program.
Despite its alluring promise of teaching profitable trading techniques, several pieces of evidence raise significant concerns about the actual efficacy of these services.
TradeWithPat’s Trading Approach
Education and Copy Trading
Pat provides weekly video updates on the YouTube channel, actually offering great trading tips and strategies.
Meanwhile, the website promotes a copy trading service, where subscribers can follow Pat’s trades through discussion channels.
However, it’s vital to consider the associated risks. Despite the appeal of seemingly effortless trading, the performance of these copied trades doesn’t appear promising.
To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: shared989 and Plumtroid.
Questionable Performance
An independent review by another YouTuber who tested TradeWithPat’s services over a few weeks revealed some concerning statistics.
Following Pat’s trading signals resulted in a -3% return on investment, with 49 losses out of 67 trades, a staggering 73% loss rate. These results should serve as a warning for those considering to follow these trading signals.
However, we should take this with a grain of salt and consider the possibility that this individual may not have applied Pat’s strategy correctly, or could even be a deceptive competitor of Pat, showing falsified negative results.
Partnerships and Promotions
Forex Broker Commission
Pat encourages his viewers to sign up with particular forex brokers through his affiliate links, earning him a commission with every new account.
While affiliate marketing isn’t inherently wrong, it could create a conflict of interest if the platform promotes brokers solely for the commission, regardless of their performance or credibility.
Promotion of ForexFury
The only major red flag with TradeWithPat is its promotion of ForexFury, a trading robot he touted as the ‘best trading robot’.
As you can see on our own ForexFury review, this trading robot is far from being the best. In fact, it’s far from being profitable at all, clocking in an astronomical average of 80% losing trades.
Conclusion
While TradeWithPat appears to be a platform offering forex trading education and a copy trading service, the questionable performance of its trading signals and the concerning promotion of ForexFury cast a long shadow on the platform’s legitimacy and effectiveness.
It’s imperative that prospective traders exercise due diligence and consider these red flags before committing any funds or following any trading signals offered by these ‘forex influencers’.
FAQs
Who operates TradeWithPat?
Pat, who shares his trading strategies via YouTube and the TradeWithPat website.
How does TradeWithPat perform?
According to an independent review by a fellow YouTuber, following TradeWithPat’s trading signals resulted in a -3% return on investment and a 73% loss rate.
What are the risks of the copy trading service offered by TradeWithPat?
The primary risk involves the poor performance of Pat’s trading signals, as indicated by independent reviews.
Why is TradeWithPat’s promotion of ForexFury concerning?
ForexFury has been associated with deceptive practices, as its performance drastically differs between demo and real money accounts.
How does TradeWithPat benefit from promoting certain forex brokers?
TradeWithPat earns a commission whenever someone signs up with the promoted services through his affiliate links.
Ivan says:
I never did a trading with Pat yet, I am not promoting his services but before you become interested into his services there are things you should need to know. I have also Instagram account and when I joined his official channel I got tons deffo tons of fake accounts and people behind these fake accounts were claiming ” I am Patrick” but obviously he wasn’t. I used to talk with Patrick on email basis and when I asked the fake guy what was last email I sent him, he became rude af. So before you are writing reviews you should think about this. We have 21. century and many many people get scammed because they think ” I am talking to original person and is promising … bla bla bla” but you are not talking to that person. I didnt try trading with pat yet but maybe I will.. I will sacrifice few euros for sub. and I will use virtual money before I will make a real live account. Its easier to pay sub for idk 50euros and try virtual money if that wont work, you gonna be fine.
Most people´s problem is, I want everything and right now. World is full of cheaters and these people are actually making their income on you. Also I was reading some review ” I realized that he wants to take $ 2000$ more”.. Mate, this guy wrote me a msg on instagram too and it was a fake profile. All the time when I join some trader IG profile, I get 2-3 more friend requests claiming ” this is my new account” or “this is my private account”.
Ebi says:
This is my BAD story with “Trade with PAT”:
He has a fake investment plan and one of those is investing 300$,
I joined his Telegram channel and he said if you want to invest in this plan, you should buy Bitcoin and send it to my Bitcoin wallet and then I will send you my company website address and then you can monitor your investment on the website.
I bought Bitcoin and sent it to his Bitcoin wallet then he sent me the website address:
http://tickmilprofxoptiontrades.com
And said you need to sign up first. Unfortunately, I TRUST him and signed up and created an account, and put my personal information there. When I logged in to the website I saw all the icons like withdraw and deposit and all the information there are fake as well.
every 24 hours he increased my portfolio manually and after 3 days he said first you need to upgrade your account by paying 2000$ more, then you can withdraw your portfolio.
I realized that he wants to take $ 2000$ more, and the portfolio is also fake. I did not accept and asked him to pay back my 300$ but he did not answer my text anymore and apparently, my money is stolen now. I shared my BAD story with him for everybody who wants to know about his investment plans.
My message to Pat:
Good job man everybody is cheating people these days! Why shouldn’t you do that???? Hurry up Keep doing it as fast as you can. Good luck with your beautiful life, smart man!!!