LCF Theta Vector Review: Is it a Scam?

LCF Theta Vector Review: Is it a Scam?

LCF Theta Vector is another forex advisor that uses the custom variation as the basis of their indicator. After a few months in the MQL5 platform, the system has started gaining some traction. Most members are happy with how transactions have become, but we have noted a problem. The lack of any updates over the past few months shows a concerning feature with the platform. What started as a valid EA is now in tatters. Read this entire LFC theta vector strategy review.

LCF Theta Vector Review

About LFC Theta Vector

The MQL5 platform is a venue for new and upcoming developers to showcase their apps. LCF Theta Vector is taking advantage of this and has produced an exciting robot. The vendor has, up until now, been having positive comments from users all over the world. What makes the platform a huge scare at the moment is the lack of updates. Users are now worried that the platform is out of touch with today’s market conditions. The traders have the right to demand an update as most have already bought the platform for a year.

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It is no doubt that the platform was a potential rising start in the forex trading scene. The overall presentation is also lacking as the vendor fails to explain his claim on the platform. Those that don’t know much should check out his MQL5 page. The developer has other robots, which means he is not a newbie. When it comes to selling your robots, information on how it works should be available. We don’t see any information on how this robot works, which is a shame. Investors have to sign up with it to know how the robot behaves.

Assets covered by the Vector

When it comes to trading instruments, developers have a habit of going for major currency pairs. And this is the case with this platform as the vendor goes for major currency pairs. Users don’t get the chance to spread their risks with crypto or exotic pairs. A versatile developer will ensure their robot works on all currency pairs, including minor ones. The robot deals with four main currency pairs, including XAUUSD, EURUSD, USDJPY, and XAGUSD.

Business owner or developer of the robot

Artur Brud is the owner of this platform and has other robots under his belt. Other robots he has helped develop include Kappa Trender, Parabolic Oscillator, and Parabolic Switch. All his products are available on the MQL5 platform. By now, the developer should have his own website and sell all his robots under one roof. Since he wants to take advantage of the MQL5 platform, he chooses to remain small. And this is his problem as most seasoned traders won’t trust his products.

Comments and feedback from MQL5

After landing on his product’s profile, we checked the comment section. Most of the first users were happy with how things turned up. For a while, the platform was heaping praise from all corners. When the 2019 financial year started, the vendor started delaying his updates. According to the profile, the last update was on 7th August 2019. There have been questions regarding his update where the vendor replies it will be done soon. It has now been over a year with no update yet.

Free demo account

What is interesting with his robot is that Artur offers a demo account. Not most traders will offer a free demo account to users. With a demo account, traders get to test how the robot performs without committing any funds. These are reasons that made traders fall in love with his robot. The only problem is that the demo account is not a representation of what to expect. With the demo account, traders are making a killing. Users sign up expecting to make the same with the live robot, which is not the case.

LCF Theta Vector License and Registration

LCF Theta Vector Developer's MQL5 Profile

LCF Theta Vector is far from being a licensed entity as the vendor fails to disclose it. Even though we are dealing with Forex robots, regulation is of utmost importance. Without regulation from authorities, we are left with a huge risk. Users have to face the risk of having no security of funds. The vendor is not obligated to make depository insurance for users. Once you deposit funds with this platform, the regulator won’t help in the event of bankruptcy. And that’s a huge problem in the online trading world.

What looks like a real trading platform is suddenly a threat when it comes to securing funds. Without a valid trading license, the vendor is clearly throwing shade at a huge problem. A smart investor will use products that have been verified by trading regulators. Once you deposit funds with the platform, there’s no getting it back. With the lack of update imminent, traders are losing due to the platform’s setup. The vendor should be held responsible as they fail to do their duty.

Pros and cons of LCF Theta Vector

Available plans and price

LCF Theta Vector is not a cheap robot as the vendor is selling it for $342. There is a rent option which is divided into two plans. The two plans are for three months and one year, respectively. Three months’ rent goes for $67 while a year’s worth of rent is charged at $197. With the vendor categorizing the platform as an expert, users should expect some gains. Remember that those who had already made gains used it when updates were constant. Today’s platform is different, as it is still operating under the 2019 setup.

Contact and support

The only way to make contact with the vendor is via the comment section. We see that the last comment was from the developer, and it was on 2020/02/07. It means that the vendor has over eight months without commenting on his platform. And this goes to show that the platform is by far a flop. The whole of 2020 has no updates, and no one has made any gains using the robot. There is no direct link to the vendor, such as a mobile phone number or live chat. It’s why we have to flag down the platform.

Results and trading performance of LCF Theta Vector

As the results of the performance differ with year, the platform has no valid documents. One would expect that the platform offers FX Blue or myfxbook links. There is no such document as this is proof the vendor is not serious with his robot. A real developer would want to share his results with the world. We have an MQL5 signal page, which is not enough to tilt the review in their favor. We insist on transparency, and developers should post their performance on third-party websites.

Scam or legit LCF Theta Vector

LCF Theta Vector Features

LCF Theta Vector is a scam as of 2020; it worked just fine during the previous year. It seems the vendor has lost interest in the robot and is now making investors pay. He should do the noble thing and scrap off the entire system. More and more users are ruing signing up since the platform is available on MQL5. After many positive reviews, the vendor is taking advantage of selling an out of date robot. Please stay away from it or else become another angry member of the platform.

Our view

We don’t recommend the use of LCF Theta Vector until the vendor makes full updates. The developer should also come clean with his trading performance. Stay away from this rough trading platform.

Stay safe and use industry-backed forex trading robots that help make realistic profit margins. Make passive income with industry-backed robots that offer transparent trading conditions. Go for these robots that the whole trading community hails as the best.

Our entire team wishes everyone a safe trading experience.

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