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Arbitrage EA Review: Scam Forex Robot?

Arbitrage EA Review: Scam Forex Robot?

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Arbitrage EA (don’t confuse with Full Arbitrage trading tool) is a Forex robot based on the concept of Arbitrage trading. The developer tells us that this is a high frequency trading robot that allows traders to achieve gains with virtually no risk. This is something that is unheard of in the Forex market place. There is no realistic way to trade without risking a penny in the Forex market.

In as much as we’d like to know who the developer is and what type of trading experience they have, the sales page where Arbitrage EA is promoted at does not provide these details. Therefore, they are anonymous and we have to rely on what they tell us about their software. However, the domain where the site is hosted at was created in 2015, meaning that the developer has been around for some time. It is not clear whether they have other trading products.

To contact them, traders have to utilize a contact form which has already been provided on the homepage.

Note: To find a reliable trading software, visit this page.

Arbitrage EA Review

Should you buy a license for this robot? The answer is you must use caution because in as much as this domain has been around for quite some time, there are no reviews or customer feedback concerning the operations on this site. It is weird, but we will not let this discovery influence this review.

arbitrage-ea

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Some of the characteristics of this robot include Arbitrage Fully Risk free Trading, Algorithmic High-Frequency Trading, 99% server uptime, auto lot calculation and money management. From the name of this expert advisor, we can figure out that the robot is an arbitrage trader. Basically, this means that it is exploiting price discrepancies which may result from server problems or liquidity issues. But this also brings the question of whether this is a reliable trading strategy for the long run? Is it consistent? How about when a broker decides to seal the loophole so that we can’t use any more arbitrage trading strategies? These are the questions that we should be asking the developer before purchasing the robot.

There are 3 price plans under which the Arbitrage EA is offered. The price of this robot is anywhere between $99 and $199 per month. This is definitely not a cheap Forex robot because this is a recurring fee instead of a one time payment. However, under price plans, there is a chance to try the software for 30 days free of charge. We advice traders to utilize this offer effectively before committing money towards purchasing a copy of this software.

For the $99 per month plan, we get 1 live account, 2 broker servers, full documentation, set files and 24/7 customer support.

The second plan costs $399 and it gives us a lifetime access to this robot so that we do not have to pay recurring fees ever again. With this plan, we can use Arbitrage EA on 100 live accounts, 16 broker servers, setting files and documentation and 24/7 customer support.

If you are to buy this software, it would be best to purchase a lifetime license since it’s way cheaper to go this route. The other license costs $199 per year and you get to use this robot in 5 live accounts, 8 broker servers, set files, full documentation and 24/7 customer support. The only difference between these plans is the duration that the license can take before requiring renewal.

When we analyze this pricing model, we realize that the developer of Arbitrage EA is enticing users to sign up for the lifetime plan since it’s way cheaper compared to the other two plans. It’s a way to encourage sign ups for this particular plan. The good thing is that they are providing free trial for 30 day, and you should utilize this feature. But on the other hand, there is a downside to using this free trial. You see, it is very common for a trading software to perform well during the first few week especially if the market permits it. If you are unlucky, you might end up purchasing a one month’s license or a lifetime’s license only to be disappointed with the performance in the long run.

Trading performance or history

Arbitrage EA does not have a demonstration of its trading performance which means that the developer is expecting us to trust them blindly. There is a section of the site which appears to have been dedicated for this task. However, this section is blank. The link which they have given us is also leading to nowhere. This simply means that the developer of Arbitrage EA has not created a myfxbook account yet.

It is important that they do it if they want to achieve credibility. Even if there is a 30 day free trial, this is not an excuse that can justify the lack of verified trading performance from a statement sharing site like Myfxbook.

We don’t know about you. But we believe that most traders will not pay the cost of a license if they can’t get past trading results for the last 3 months.

The drawbacks of Arbitrage EA

Also, the minimum capital is $500. Most traders want to start with $250 because they don’t want to risk a lot on a Forex robot if they are not familiar with its typical results.

The second most disturbing concern is the fact that this expert advisor is utilizing arbitrage trading strategy. This strategy does not work with most brokers because it has to exploit price flaws in order to make a profit. If these lags are not present, we can’t make money with the EA.

As a result, we are forced to stick with certain brokers even if we don’t like their quality of service. And brokers are not that stupid. They will eventually fix the price lag, thus rendering Arbitrage EA a useless app.

Our best advice for you

We don’t believe that Arbitrage EA can provide us with reliability and consistency in the long run. That’s probably the reason there is zero trading history to back the claims made by this developer. It is therefore wise to stick with these robots.

Summary
Review Date
Product Name
Arbitrage EA
Author Rating
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