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InstantEA is a product from LeapFX Team, which means it’s likely another Indicator scam. The platform is about converting signal indicators to an automated forex trading robot. What is clear is that this service is not for amateur traders but the skilled class. This is a signal converter. There a lot of unexplained features. And this is the main reason why we are investigating the converter to see whether it works. Just like most of their products, this, too, was a flop.
The platform starts by selling itself as the savior of both indicators and signals. They claim that the platform is used to convert signals for MT4 and MT5 terminals. The developers claim that no one can match the features available. From our investigation, we can see that the website is lacking professionalism. There is a tutorial video on the homepage which does not give much information. For a video that runs for nine minutes, one would expect to comprehend the tutorial fully.
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When it comes to their website, there is a lot of information cramped on one site. They should have done a better job than to have such a colossal failure. One gets bored immediately after watching the video. The information on the entire homepage may be exhausted after two hours. No one has the time to keep on looking at one website for over two hours. And this is what InstantEA is demanding from investors. To keep them glued to a website with trading jargon.
One of their main selling points that might attract traders is bonus signal indicators. Everyone wants a bonus that will enable them to get a step ahead of the pack. What if the reward is a trap to keep traders using a signal provider that has no proof of concept? It is what scam artists are doing to give themselves time to convince traders to sign up. Their bonus signal is at the end of the tutorial video. They claim that members can use it as long as they wish. It is a sales tactic to get naïve traders to sign up.
LeapFX Group is the company behind this converter. They are in the wrong business module as investors are unhappy with the platform. What makes this a ridiculous trading platform is a fact that no one can prove the concept. There is no demo account that traders can use to convert signals. These owners are also culprits, with most of their products failing to work. It is why we knew that this converter is most likely a scam. They use it to convince traders to try and sign up with their other products.
The comments we have seen from investors is not that convincing. Most are not able to convert the signals, as indicated in the tutorial. Remember that LeapFX will scope in and claim to help you learn. All you have to do is pay a little extra for the one on one course. And this is what a majority of investors are complaining about. They feel that they should not have to pay for learning. And this is the reason why the converter is proving to be a problem for investors.
Leapfx.com has been in the trading world for long, and the problem is their products. Records do show that the site was registered on 24th October 2008. What got our attention is that their IP address has changed 14 times over the last 16 years. It shows that the site was also used to sell other products. And this is true as we have a list of their scam products that we have seen over the years. They include Jet Trader Pro and News Action Indicator. These are just but a few of their unproven products.
Some of the features they claim to be available on the converter include fixed lots and money management. Users are also promised that they can set trading times and control trading frequency. Other notable claims include partial trade closure controls and close on opposite signals. The converter is also able to allow and disable hedging when converting indicators to robots. They also claim to have a magic number feature and a place where users can leave their comments.
InstantEA is NOT Licensed or registered to offer their conversion services. The problem with such a platform is a failure to comply with trading rules. One of the most significant flaws with LeapFX is the failure to comply with regulations. The problem is that their money-back guarantee is not working. Investors who buy the converter do not get their deposit covered by insurance. And this is why a majority of users are up in arms. They are not able to recover their funds once they fail to learn using the platform.
The law dictates that this service provider gives back the funds. It is what the platform developers won’t do in a hundred years. And this creates tension as no one will want to use such products. The CFTC and NFA have had complaints with the company behind this converter. And it is why it is best to stay away from the platform. Users who sign up will have a terrible time trying to recover funds. These scam developers already have put the money in use to create the next scam.
InstantEA is only furnishing traders with one package plan, which goes for $247. They claim that they will increase the price to $347 without giving any warning. These are scare tactics that are meant to drive sales. They hope that investors will believe that this is a good platform. Before the prices go up, naïve investors will feel that this is the right time to buy. After buying the converter, they later find out that this is another problematic platform. It is why no one buys the package.
Disclaimer at the footer of their homepage has the contact link. They have posted their email address but failed to do so with their phone number. A phone number would have been ideal as it gives direct access to support. And this is the exact reason why there is no direct communication channel such as live chat. These scam artists don’t want to be tracked down by authorities and victims. They prefer to control the communication process by offering a message dashboard to investors.
The security of funds is not guaranteed by a platform with a history of blocking money-back requests. Once you buy the converter, it is the last you will see of this platform. And this is why no one should sign up with the platform. They are a bunch of online scam artists who want to steal your funds. By providing a converter that does not fully work, no one can retrieve their funds. The website is also at risk of being attacked by hackers for credit card information. Watch out for such scam products.
There is no doubt in our minds that InstantEA is a scam that is waiting to pounce on you. Stay away from it, or else risk becoming a problem. It is better to be safe and use recommended products that go for a converter with no proven record.
By adding this converter to our blacklist, we help protect our readers from such online scams.
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