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The Forex sees the rise of new companies offering trading solutions now and then. One of the latest companies in the market is EA Tech. This company has a team of developers that claim to provide the best robots in the market. This is not uncommon in the forex space. Every developer says this about their systems.
We cannot just take them for their word. We have to assess the company and the system to see whether they are a worthwhile investment. This is because not many companies deliver the results they promise. Moreover, some of the companies are only in it for the money. They end up stealing people’s funds and exiting the market.
With EA Tech, we found some worrying details that make it hard to trust their products fully. For starters, the company does not introduce us to the people behind the operations. This is always a bad sign. No legitimate company should see the need to hide its team members’ identities. We do not understand why companies keep doing this in this day and age. Still, we will not count the out based on that alone. This review will also look at the strategy and the performance of the trading systems the team provides.
In the meantime, there are trading robots operated by trustworthy individuals. Try the market’s best Forex trading robots for a smooth trading experience. They will give you consistent results without compromise.
EA Tech Review
EA Tech was established in early 2017, but only recently did they start to sell their robots. The team claims they are a group of like-minded professionals in the area of finance and information technology. They aim to make a profit in the forex market. We cannot verify that these people have any experience in trading. Moreover, we have no idea what reputation they have in the market.
The team is selling three forex trading robots. EA Tech v3, EA Tech V4, and Repede Pro. The team claims that you can trust their products because they use these products themselves. We can’t just take them for their words. Let’s look at the forex systems and see what they are made of.
EA Tech V3
EA Tech is selling this robot for €99. This gives you a fully automated trading robot compatible with MT4. This robot trades on the H1 timeframe and accepts a minimum deposit of $100. Further, the robot requires minimum leverage of 1:30. Clients should expect a profit of 10% to 70% each month, and the drawdown is at 10% to 40% for this trading system.
EA Tech V4
The developers are selling this forex robot at €199. This gives clients a more advanced robot compared to the EA tech V3 robot. This one works on the M15 timeframe and accepts a minimum deposit of $200. The leverage for this system is 1:200. This leverage is too high for some regions. Consequently, this robot will not work for everyone due to FIFO regulations.
The developers promise a profit of between 40% and 120% per month, with a drawdown of 5% to 20%.
EA Tech is selling the Repede Pro robot at €175. Like the EA Tech V4, this one works in the M15 timeframe. However, this system requires a minimum deposit of $100. The developers assure a profit of between 20% to 80% per month with a drawdown of 5% to 30%. This robot focuses on both daily and weekly trades while using advanced tread and auto delete mechanisms.
All of these trading robots come with a two weeks money-back guarantee. However, it is important to note that the company offers two different versions of the same bot at different prices. This means that one is just an update of the other one. Therefore, it seems that clients do not receive free updates with this company. We do not appreciate this approach.
EA Tech Account Management
Other than the Forex robots, eatech.uk also offer forex account management services. The company expects a minimum deposit of $1,000 from anyone wanting these services. The profit share is 25% per month. Moreover, the minimum leverage required is 1:200 to 1:1000. Not all clients can enjoy this leverage due to regulations. In this case, EA Tech asks clients to send them money directly to set up the account on the client’s behalf.
This is a very weird way to do business. You should not send anyone money directly like that. These are mysterious people whose identities cannot be verified. Moreover, there is no record of their performance anywhere on the website. This means clients cannot assess the viability of the Account Management services. As long as they operate in full secrecy, no one will trust them with their money.
EA Tech Trading Strategy
Eatech.uk does not feature any descriptions of the trading strategy the systems use in the markets. There is no mention of the market setups they look out for open or close a trade position. This is inexcusable in this day and age. Clients always want to have an insider’s look at how a system works before they invest their hard-earned cash.
Moreover, an insight into the strategy allows investors to assess whether a system best fits their financial needs. They will see whether the robot takes an aggressive approach or a slow, methodical approach. At the very least, knowing the trading strategy makes the purchasing decision much more comfortable.
The company should do a better job of informing clients about the trading strategy in the market. Otherwise, no one will take them seriously.
The best way to convince clients that your trading system is viable is by providing verifiable trading results. EA Tech attempts to provide trading results, but the one they provide just won’t cut it. The company only provides a few screenshots of trading statements. But, these are not verified by any third party platform like Myfxbook.
There are a few screenshots of a Myfxbook account. However, we do not understand the idea behind this. The company could easily provide a link to the account, but they do not. We feel like this company is hiding something from investors. Therefore, we cannot trust the trading results that they provide. Moreover, we do not appreciate this lack of transparency from a company that handles people’s money.
We cannot recommend this company and its products to you at this time. The design of its operations is worrying, saying the least. The lack of transparency the company exhibits is only common in companies that cannot deliver. The website is faceless, and we have no idea where these people operate from.
Additionally, the company does not give clients and insight into the strategy they use in the market. Moreover, the trading results they provide are not verified. Under these conditions, it is easier to lose money than it is to make any returns.
There are many legitimate Forex robots that have proven to work for a long time. Moreover, the developers of such systems operate in full transparency. Only use such systems if you want to make any money in the forex market.
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