Today we are bringing a very important website to your attention. It’s called Altredo.com. This website makes traders believe that it’s the go-to market place for Forex, stocks, binary and Cryptocurrencies robots and signals hub. There is a wide assortment of products that cost $360 or more. The homepage immediately makes it clear that Altredo is all about trading robots and signals.
However, even before you can learn about their trading tools, the website makes a bold statement when they announce on the homepage that their signals are 95% accurate and that their software has 90% win rate. You can allegedly make $250 per month with their products/services.
It is also clear that thee guys have implemented a variety of ways to communicate with their support. These include Whatsapp, Telegram and Skype platforms which are also used to deliver signals or any form of communication to their clients.
The question is, can we trust Altredo? Is it a good website to spend money on? We’ve identified a few red flags here and there. We are not going to sweep it under the carpet.
Their trading products are quite costly as the minimum price is $360 and maximum is $1500 per year (if you’re subscribing to their Cryptocurrency trading robot.
This Cryptocurrency trading robot trades all major altcoins with an alleged win rate of 90%. The most popular Crypto pairs that this robot trades are ETHBTC, DSHBTC and many more.
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Take profits and Stop losses are allegedly implemented too. These features are traditionally implemented in Forex trading as opposed to options trading. Therefore, it is not yet clear whether this is a Forex robot or a Cryptocurrency trading robot which trades the Binary options market.
The software can be downloaded for $1500 per year. Free technical support is provided via TeamView application.
These features might sound exciting to those who are new to this kind of promotion. However, to the experienced trader who knows what to look for, making a purchase decision will still require due diligence which may involve finding out whether or not there’s proof of performance among other things.
Unfortunately, Altredo does not present us with any form of trading history of past performance. There is a video and a screenshot on the page dedicated towards promoting this Cryptocurrency robot. However, that video does not show us anything that would lead us to conclude that indeed this software works with 90% accuracy.
The point is, all claims that have been made in support for this software cannot be verified. The only thing we can verify is that this software works on auto-pilot 100% of the time.
There are a number of Forex robots and indicators on offer. The most popular one would be the Forex Scalper Profit Progressor Robot EA which they claim can trade any market condition. However, this would also suggest that the robot doesn’t have a specific strategy of trading, which can be very dangerous to your bankroll. We often advice traders to choose Forex robots that have been proven to work with one consistent strategy as opposed to many strategies.
According to Altredo, this Forex robot is a scalper that can pick between 50 to 100 trades a day. Return on investment per month is between 50% to 250% per month. And of course they also had to lie about the maximum draw down which they claim is at 10%.
First of all, scalping Forex robots tend to have a high draw down. There is no way a Forex scalper can trade so many times in a day while having a maximum draw down of only 10%.
We have been trading for a number of years now, and we know that this is not possible. Believe it.
As always, Altredo has posted a video and a screenshot right below it showing the features of this robot as well as the alleged past performance.
We can only say that these cannot be treated as proof that this Forex scalper performs as claimed by Altredo. These records can be fabricated to fool visitors of this site. And even if they don’t fabricate things, then we could say that what is presented as trade history is just a small sample of data.
They could have only selected the best trades to show us. What about the losers? That’s something they are not going to show you. And believe it or not, the probability that this software losses money is quite high. You can take that to the bank. Apparently, Altredo is selling this Forex robot for $360. Our take: You better invest a little amount in Forex robots that have been proven to work.
And of course Altredo is selling Forex signals for $360. You are supposed to receive 50 signals every day. These signals have an alleged win rate of 90%. You can trade all pairs and nearly all time frames using these signals. But as you can see, there is no proof that these signals have been working. You can ask all things and get answers except when it comes to inquiring about their signals past performance.
In as much as Altredo has been around since 2010, we are afraid to say that we didn’t get anything therein that would have persuaded us to believe that this is a trustworthy website.
We can reach them through a number of communication channels. That is fine. However, their lack of transparency when it comes to presenting trade performance is a concern. You can’t spend $360 on a trading product if you have not laid your hands on proof that the product works.
The other thing is that this website is anonymously registered. We don’t know who the owner is and we definitely have no idea whether or not they are traders in real life.
Those are the reasons why we cannot trust Altredo yet. But if they can address these concerns, then probably we will make those changes in this review accordingly.
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