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Hamster Scalping Review: Is it a Risky Robot?

Hamster Scalping Review: Is it a Risky Robot?

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Before we get started, this robot has an amazing track record, according to its users. Not many robots will start with a bang and keep the momentum going for months. And this is exactly what Hamster Scalping is doing thanks to the constant updates. The developer of this platform is doing above and beyond what others are failing to do. By offering a safe trading robot, the vendor assures users of a stress-free trading experience. Get to know more in this detailed h hamster scalping Review.

Hamster Scalping Review

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About Hamster Scalping

Hamster Scalping is what most traders are happy about when it comes to reliable trading robots. Although the platform seems to have positive feedback from clients, there are a few issues. We hate to be the ones that point it out, but the truth has to be revealed. According to what we saw, the platform is most likely going to bust your account. The profit level is not that great as users get a small profit margin. In forex trading, the best traders earn more because they invest in quality trading tools.

To get the service of this platform, users have to sign up via the MQL5 trading platform. It is the spot where upcoming developers sell their merchandise to online traders. One would expect that such a successful platform would have their website. We say this as the MQL5 platform does not show any relative information on the robot. One would expect to find information on how the robot works, but it’s not there. And this made us investigate the platform even deeper to find out more.

Assets and trading instruments covered by the robot

What may come as a shock to you is not new to us as it only offers one currency pair. No wonder they have a high success rate as they play it safe. The problem is that members also get to enjoy small gains within the platform. No one can get huge win rates as the vendor only goes for safe trades. With such a platform, the traders don’t have the option of spreading their risk. It would have been easier to gain much more if the platform offered a variety of trading instruments.

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Business owner

Ramil Minniakhmetov is a Russian developer who has been in the game for a while. The name has over 10 products under them, which means they have trading knowledge. Of all his other products, this is the only one that has some positive kick to it. The other products have been brought down due to several issues. What we do know is that the vendor is unknown as we have no pictures of him. Anonymity can, at times, be a risky feature in the online trading business.

Comments and feedback from members

Once you click on the MQL5 product page, the comments and reviews say it all. The comments are updated, and we can see comments from this month. Although there are several positive comments, there are a few disgruntled members. Most want to earn huge amounts, but the platform limits them. What the vendor did is offer one-way traffic to earning small wins. To become successful, the vendor needs to employ several trading pairs. And this might probably cost him positive reviews. He rather plays it safe than lose his MQL5 rating.

Demo Account

The vendor has made it possible for traders to test out the platform. As of posting this article, we can see there are over 21,000 downloads. Readers should note that most of the positive comments come from users who used the demo. The demo account does not paint a clear picture of what it takes to trade. These demo accounts produce positive results but are not close to a real trading platform. And at times, the developer takes advantage of the situation and boasts of it reflecting on real accounts.

Features of Hamster Scalping

Ramil is using the scalping strategy with the M1 timeframe. Users will only find one currency pair, which is the EURUSD. Major currency pairs are a sure thing when it comes to online trading. And this is the reason why the gains are small as most traders rely on these currency pairs. It is worth mentioning that Ramil ensures that the robot comes with free updates. Users don’t have to pay for the updates as the vendor offers them for free. It is also one of the cheapest robots we’ve seen in the market.

Hamster Scalping License and Registration

Hamster Scalping Trading Results

Hamster Scalping is not yet a valid trading product as the vendor fails to register it. And this is one of the few mistakes we have seen with the product. With over ten products under his wing, Ramil should know better by now. He should show users that he follows trading guidelines and apply for a license. Without a valid license in the online trading, world means users are facing a huge risk. The vendor will not be able to cover any money-back claims if the platform goes under.

And the problem will persist if one of the disgruntled members sends a message to regulators. These regulators will want to know why such a vendor fails to make an insurance deposit. The vendor will be liable for any damages since they fail to follow the procedure. It is what has happened with the majority of his products. The regulator ends up issuing a warning or pulling them down for security issues. Those who sign up with the platform should know the vendor does not offer the safety of funds.

Pros and Cons of Hamster Scalping

Available Price

Hamster Scalping is selling at a ridiculously low price of $35 and comes with a demo account. The low price is also a concern as the quality of the indicator will diminish. Ramil should at least come up with a better pricing model to avoid over-crowding. Once it happens, there will be no way or making a recovery. Any other product he comes up with will be associated with overcrowding. And these are the reasons why expert developers also come up with a strong pricing strategy.

Contact and support

Another problem with his platform is the slow pace at which he responds to comments. In case you have a grievance, the vendor will respond in a week. Other members say that most negative comments have been deleted from the MQL5 page. And this goes to show that the vendor is not making it easy for users. He only wants to show a lucrative platform that has no problems. It’s too bad that we have to expose these few mistakes to protect naïve online investors.

Performance and trading results of Hamster Scalping

When it comes to the performance of the platform, we don’t have any real results. And this is a problem as the two myfxbook accounts haven’t been updated for a while. As we pointed out, not all that glitters is gold, and the platform seems to fail at what’s important. A genuine trading platform will offer valid trading results for all to see. We took notice of the accounts and saw there is a drawdown of over 90 percent. There is a high probability the platform will blow your account.

Scam or Legit Hamster Scalping

Hamster Scalping Developer's MQL5 Profile

Hamster Scalping is failing to produce legitimate trading results, which is a bummer. The platform is, without a doubt, one of the most promising in the industry. Without a third party to verify these results, we won’t be recommending any of Ramil’s products.

Our stand

By failing to provide ample proof that they protect users, we won’t recommend using this robot.

Ensure you sign up with authentic online trading robots for a safe trading experience. These robots have what it takes to take your trading to the next level. With the backing of experts and the trading community, it’s what every trader needs.

We wish everyone a prosperous trading experience.

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