Forex Latency Arbitrage Software is a very interesting robot in the sense that it compares quotes between slow broker and those of Live FIX API by Lmax. When it detects an arbitrage situation, it immediately opens trades with the slow broker.
Forex Latency Arbitrage Software is an MT4 robot, although it can be used on broker platforms that support FIX API.
This software does not have any user reviews yet. But the website is quite popular, which suggests that people are visiting it every other day.
Is it that this traffic is not converting so that we can have some user opinions on this robot? We might never know the reason why there is no user feedback on the robot at all.
Let’s review it anyway. Perhaps we may find something worth talking about. Or maybe we may end up finding disgusting things about the robot in question.
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The software in question is hosted at iticsoftware.com, which seems to be the company that manufactures it.
Because it’s a latency arbitrage software, this might not go very well with some individuals, especially traders who don’t welcome the idea of trading based on the idea of arbitrage.
So in this review, we will be analyzing the robot to see whether or not it’s worth your investment. The price for a copy is $500. That means it’s not a cheap investment to try. You must be very informed on what the advantages and disadvantages of this software are.
Also, we don’t want to believe that iticsoftware.com is a scam project since who.is reveals that the domain is registered to a corporation by the name BJF Trading Group.
Little is known about BJF Trading Group. However, they look like they’ve been working in this industry for a significant length of time now.
Forex Latency Arbitrage is not the only software that they’ve produced and sold through the domain iticsoftware.com. In fact, there are a couple more robots which they are selling for the price of $199.
The software developer also claims that this robot is user friendly. More emphasis is put on fast execution as this is the basis on which the framework of this software is allegedly built on.
We see that there are a few problems with this trading robot. First, there is the price, and secondly, the trading performance.
We will be reviewing these things carefully to see whether this software is worth the price.
If there is no free demo in place, trading performance is often appreciated by many traders who are looking to seriously invest in the Forex market.
Forex Latency Arbitrage Software has a Myfxbook and FXBlue accounts where its activities are allegedly being tracked at.
Let’s start with their FXblue account because there are very interesting things going on with this particular account.
The first thing we realize is that there is a net gain of +141.4% on this account. The maximum draw down is -23%.
If you look at the equity graph, you will see that the trading activities of the Forex Latency Arbitrage Software were not tracked for the whole of 2017. Instead, this account was setup in 2016 and then somehow it stopped being operation in the same year.
That could be an indication that Forex Latency Arbitrage Software crashed the account, hence there was no need to track its trading activities.
The message here is that Forex Latency Arbitrage EA performance on Fxblue cannot be trusted. These trading records are unreliable. In addition to this, they are not live trading records. So we don’t even have any idea what might have happened with this software. But we are aware that the robot is still being offered for the price of $500.
The second concern is that even though they have a Myfxbook account, that account no longer exists. You can click on the myfxbook screenshots to see what happens. You will end up on a blank myfxbook page, which suggests that this account may have been closed after the robot lost it all.
The bottom line here is that Forex Latency Arbitrage EA does not have any live performance being tracked by these two platforms. If you can’t see live performance, then it could mean that spending $500 for a license would be a risky investment venture. We don’t recommend this kind of thing at all.
There is something very wrong with the pricing of this robot. The first mistake that this developer did was to pull down their myfxbook and fxblue accounts.
Now they are selling a copy for a very exorbitant price. The question is: why are they selling Forex Latency Arbitrage for that price when they can’t even prove the efficacy of this robot? It beats logic.
So clearly the pricing is just not right. They should consider fixing whatever is wrong with their myfxbook account, then adjust pricing accordingly.
Equally, the alleged trading statement on this website cannot be verified. Why is this developer so willing to show us their account statement when they don’t even have an active myfxbook account? That bothers us a lot because these statements could have been fakes easily.
The idea of arbitrage trading is that you buy from one broker and sell with another.
We wonder how this can work in Forex because there is only one broker to trade with. The price feed which you’ll be getting will be from one brokerage firm as opposed to multiple brokers.
So this concept clearly doesn’t make any sense when it comes to trading Forex. We are not sure how Forex Latency Arbitrage software plans to do it.
There are no user feedback to help us make a conclusive statement in relation to the profitability of this robot.
Forex Latency Arbitrage has been around for some time now. Despite this fact, no review or user testimonial can be found about this product on the internet.
That is a strange thing because we do expect the opposite to happen. The longer a product exist on the internet, the more it gets reviews and user testimonials.
Unfortunately, there is nothing in the way of reviews for this product. We are wondering why?
There are so many gaps in relation to the features, working and profit potential of this robot. If you’re buying a robot for the sake of buying a robot, Forex Latency Arbitrage will suit your needs very well. But if you’re going for something that has been proven to be profitable, then we are afraid to say that Forex Latency Arbitrage is not the best expert advisor to spend money on.
Furthermore, the price of this robot doesn’t make sense at all. Unless they are willing to work on a few things, which also includes pricing, many traders will keep resisting it.
Forex Latency Arbitrage is not the robot to go for. With the pricing and lack of proof of performance, it can be a risky investment.
We therefore advice that you stick with these robots instead. They’ve been tested for the longest time now. Their concept is proven, unlike what you’re getting with Forex Latency Arbitrage.
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