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HAS MTF Robot Review: Another Unverified Robot

HAS MTF Robot Review: Another Unverified Robot

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HAS MTF is the brainchild of forexrobottrader.com which was owned by Don Steinitz. The company is under new management and we still don’t know their qualifications. Before signing up with the various robots under their belt, a Has MTF Review is necessary. Most of the traders don’t have a clue about what the robot is all about. And this is the reason why we have conducted this investigation to help reveal the product. Go through this entire post to find out more about the robot.

HAS MTF Review

About HAS MTF

On their forex robot’s page, users get to see that the website has a number of robots. The only problem with most of these robots are not having the necessary qualifications. They have not been any verified results of any of the robots. And this is a huge problem as the so-called professionals should have covered this by now. The one problem we have with robots is the lack of verified results. It seems these developers are selling their products so that investors can verify them with live accounts.

To be totally safe when using online trading tools, the best forex trading robots are your only option. These robots have been proven year in to produce a realistic ROI. They have been tested by experts and the trading community. The reason why these robots are a favorite among traders is they protect your investment. It is the reason why some investors succeed where others fail. The successful trader uses authentic forex trading tools that have been tested by trading experts.

HAS MTF is on the other hand a good robot with no proven results. And this means that users are buying a product that has no proof of concept. Even after landing on the homepage, one can see that the developers are only interested in selling these robots. There is no interaction between the developer and the clients. And this is one of the reasons why a lot of investors shy away from the platform. They know that the robots have no verified results to back the claim of their capabilities.

Back Testing Results

There are no backtesting results shared by this robot which is another failure on their part. An experienced trader would use Bits Tick Data Suite to backtest the robot. Also, traders would have to use 99 percent modeling quality using real commissions, spreads, and data. By doing so, it would help determine the best currency pairs to use with the robot. Conducting a backtest could also show historical performance. Users should note that performance is not a guarantee of future performance.

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Comments from users

Sadly, there have been no comments from users months after rolling out. And this means that either the robot is not selling or no one is interested. There has been no chatter from online trading forums or groups regarding this robot. What is weird is that the robot has no social media presence which is necessary for communication. Without any comments, it is safe to assume that the robot has no user rating. And this spells doom for a robot that has been in the market for a while.

Developer of the robot

The passing of Don Steinitz indicates that there is a new person in the helm. There is no information on the website regarding the people behind this platform. What we do know is that the platform claims to be located in the United States. Other than that, there is no valid information to show who the developer is. And this means the robot is blocking vital information to users. It could mean that the robot is developed by newbies who use the platform to sell this robot.

Domain Details of forex robot trader

After looking at research.domaintools.com for information, the truth finally came out. The site has been in existence since 21st July 2007. It means that the platform has over 13years in existence. Their reputation has been held strong by their developer who proved to be versatile in creating working robots. There have been over 40 changes made on their IP address. A recent change would mean that the site has new owners. After the developer’s demise, the platform is now owned by an anonymous team of robot developers.

Features of HAS MTF

HAS MTF Features

HAS MTF is a unique robot that has some interesting features that would attract investors. These include multiple currency pairs, MT4 Platform, and multiple time frames. Other notable features include fully automated forex trading systems, trend analysis, and combined indicators. They claim to have a money-back guarantee which is not indicated. They should indicate the days the guarantee exists. And this is the reason why we have to hold our hands when recommending this robot. With no money-back guarantee timestamp, users are left on their own.

License and Registration of HAS MTF

HAS MTF IS NOT licensed or registered to offer any trading products and services. To confirm this, we contacted regulators in all jurisdictions. The CFTC and NFA have no robot regulated under the above name. Other regulators in Europe plan to ban the use of this robot since they are selling it to European investors. With a ban on the way, it is up to the developer to find a legit license to operate. Without a license, investors are buying a risky robot with no insurance cover.

When buying such a robot, the risk of losing your money is higher than any other. Without a valid license, the regulator is not there to help investors recover funds. And this is the reason why the platform fails to mention their money-back timestamp. They do this hoping that investors will either give up in recovering funds or seek other means. The regulators will not be in a position to help investors with an anonymous platform. For all we know, the new owners could be based offshore.

Available Price

HAS MTF is selling for $99 which they claim is a 50 percent off the original price of $199. They claim to have made $61,052 profit in the last 30 days. What is weird with their numbers is they don’t change even after a month. A month from now, the price and profit will remain the same. And this goes to show that the developer does not update their page. They are only interested in the sales of the robot and not the actual results. At the end of the day, investors want to see results.

Contact and Support

Another problem with this robot is its contact and support. The contact page only has a message board where interested individuals leave their messages. They should have posted a direct link on the page such as a phone number. Without a direct link, there is no way of telling when the platform will respond to your message. And we believe the new developer does not want a ton of complaints heading their way. It is the reason why they choose not to post their direct link.

Live Results and strategy

HAS MTF Trading Strategy

Even though the platform explains its trading strategy, there are no valid results. With all their hard work, it goes down the drain as, without valid results, this robot is not going anywhere. Traders are now signing up with recommended robots that have verified results. Without results to show their proof of concept, it all becomes a simulation. They have posted results on their homepage which is not enough. A real developer will post live results on FX Blue or myfxbook for all to verify.

Scam or Legit HAS MTF

After checking all the facts, it remains to be seen that HAS MTF is not a verified robot. And that’s why we don’t recommend buying the robot. They should post verified results which will make us change our verdict on the robot. Ensure you sign up with robots with a proven track record and backed by experts.

Bottom line

Since the robot does not have a live result’s page, we have to be extra careful. For those who have bought the robot, kindly share your experience below.

Smart investors will use authentic robots that are transparent and suitable. These robots come highly recommended by the trading community. It is the secret ingredient for online trading success. These robots will protect your investment and provide users with useful trading strategies.

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