Do you like to play on the edge of legality? That’s what this EA is about. The system claims to make it easy to gain exponential profit by playing with slow and fast brokers. But how legit is it? Today we perform an EA review of Arbitron by going through its website and analyzing its trading techniques, stats, and user reviews to figure out how well it does in the Forex market.
What is Arbitron?
Arbitron is a fully automated trading system by LeapFX, which runs on the MT4 platform. The robot was developed by Alex and Nick, who claim to be geniuses in the investment space. According to its website, Arbitron uses. Arbitrage trading, which the developers insist, is a legal method of identifying market direction using a slow broker’s price feed to compare currency prices to create either a buy or sell opportunity.
This would mean gaining access to market prices a few minutes before other traders. If traders can successfully use this robot and get away with it, then there is a possibility of making an exponential profit.
Advantages of using Arbitron:
- Both amateur and professional traders can use it
- Easy to install and setup
- Minimalistic design
- High success rate
- You can use it right after purchase; the adjustments are already preset
- The system provides crucial information to its traders, including a trade’s profit potential, speeds, and final results
- In-built protection feature that makes the arbitrage operation look like a normal feature
The robot was created by two supposed finance Gurus, who we only know as Alex and Nick. These creators are said to have an average of 7 years of experience working in top brokerage firms.
Arbitron EA can work with multiple currencies, including AUDJPY, AUDNZD, AUDUSD, CADJPY, EURAUD, EURCHF, EURGBP, EURJPY, EURUSD, GBPJPY, GBPNZD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. The good thing about trading using multiple currency pairs is that it reduces risk.
You can subscribe to this software in four ways; the first is a $347 quarterly payment plan, which gives you access to the bot, a lifetime license, lifetime updates and upgrades, 24/7 technical support, and a 30-day money-back guarantee for those three months.
The most popular plan is a one-time payment of $799 that gives you the same features as the first plan, but for a lifetime. The third and fourth plans are also one-time payments of $799, but one covers CFD pairs for indices, gold, silver, and oil, while the other supports both MT4 and MT5.
EA Review: Arbitron
There is two separate software for this type of trading; one is a price feeder whose work is to get the fastest pricing and beat a trader’s broker speed. The fast speeds are made possible by making the robot minimalistic; anything that hinders its performance is removed. The robot uses the M1 timeframe.
This software is built for speed. It’s then connected to either an MT4 or MT5 Arbitron trader, which works automatically in the background to trade for you. The Arbitron trader has an in-built protection mode that masks your account such that your broker doesn’t realize which trading method you are using.
This is where the problem comes in; despite the creators harping on how legal the robot is, we see a different scenario on the brokers’ side in that they don’t accept this kind of trading, which is why the creators try disguising their trade methods. The bot is compatible with any trade pairs and works under the M1 timeframe.
EA Review: Arbitron Stats and User Reviews
We first looked at the bot’s webpage, and it’s well done and explained, although the creators are a bit stingy with their trading technique. It’s aesthetically appealing and looks professional.
We couldn’t access any backtests, but we got different Myfxbook stats, both from demo accounts and real accounts. We will focus on an objective account with verified data. The stat shows that the trader began with a $470 deposit in February 2019, whose profit had grown +3902.39% by March when the trader closed the account.
The stats show a 0.46% monthly gain. The drawdown is at 48%, which is relatively high, but high return trades are usually high risk. The investment grew to $7956 at its highest point. This was perhaps one of the lucky traders who didn’t get caught by his broker.
Looking at the summary, the robot won 82% of the long trades and 85% of the shorts out of 889 trades. The profit factor stands at 3.16. We were able to find reviews from a third-party review site, and the user reactions are more of warnings about the EA being a scam.
We put a gigantic red scam flag during these reviews when we see a robot promising exponential returns. Couple that with the fact that these traders want to play in the legality of “no man’s land,” and we are out. The developers are trying too hard to distinguish arbitrage from insider trading, making the technique sound even more suspicious. If arbitrage isn’t a problem, why are brokers so against it? Some of these brokers go as far as to cancel trades when they suspect traders of arbitrage.
Some traders prefer the thrill of risky trading, but they can cause trader accounts to explode in losses. Imagine losing $470 as an amateur trader? The robot is more expensive than most traders in the market, and risky trading makes it worse. Risky trading also brings about higher transaction costs.
The developers even try convincing us of the bot’s legitimacy by providing us with login details to an account. The only problem is that they tell us to log in and view the account in action but don’t provide us with the username, password, or MT4 server.
Remember that it’s not possible to get consistent profit with this kind of robot. You will win sometimes and lose on other occasions. The problem with this is that the profit is usually erratic. We don’t recommend trying out this robot.