A decent Metagrid Trademanager (Metagrid.com) review is complete, and the details are there for all to see. What we found out regarding this forex indicator should be shared with the trading community. Although the indicator is not regulated, it does offer some exciting features. The platform also has a Zero Hero Scanner, which is another product on their list. They also claim to provide Agimat Trading System, although no information is posted on this product. For more on this indicator, continue reading this detailed review.
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The platform claims to help lower the risk of trading when the market goes the wrong way. They also claim that the indicator increases profit when the market goes the right direction. According to their homepage, the indicator does this thanks to in-built money management features. They also claim to use flexible settings that allow users to meet their trading style. How the platform exactly works is private information that is not determined. And this is a problem with some developers; they fail to explain how their platform works.
It is safe to say that their homepage is not that impressive. The menu bar is not efficient as one has to click numerous times to get the full details. Other pages are not working, such as the Agimat Trading System page. The contact page is not working, which could be a problem for newbies. Communication is essential for online products as it links the buyer to the developer. We could not see any reason why the site has failed to update this issue over the last few weeks.
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Metagrid Trademanager has a total of four products available on their site. These include Agimat trader, Metagrid trade manager, The Ultimate Scanner, and Zero Hero scanner. They claim to offer the best signals through uncle scanner products. Agimat trader is also referred to as uncle scanner and goes for $50. They don’t disclose the frequency of the signals, which is a huge big deal. Metagrid Trader is going for $79 with lifetime free updates. The Ultimate Scanner is going for and also comes with free updates. Zero Hero Scanner is their last product and goes for $67.
With a platform that has been available for years, we fail to see why they don’t have any reviews. There have been no clients who have posted any reports or complaints regarding the platform. It could mean that the products are not selling and no one is interested. With such interesting features, we fail to see why there is no trust rating. The platform is not on any social media platform, which is another problem. We could not find any comments or feedback from users via social media platforms.
The products are the brainchild of the Forex Pip Manager Group. From what we see, the disclaimer at the footer of their homepage shows who owns the platform. The names given are IT+ Median and Roland Beck. A search on these names could not yield any fruits which are worrisome. In most cases, indicators provide a brief history of the people behind them. The reason why most fail to give their past is because of licensing issues. And this could be a significant problem in the future for users who buy the product.
After we used a trusted domain tool checker, shocking detail was revealed. It seems that the site is over 15 years old. The website went live on 2nd November 1998. For all their products, they have no reviews posted even with years of online presence. It could only mean one thing; the website has been changing ownership. And this is true as 12 changes over the last 15 years. The current owner is selling the indicator and is using the site to try and buy their online presence.
Metagrid Trademanager is NOT LICENSED or REGISTERED to offer any trading product and services. They claim to be located in Germany, and the German authorities discredit them. We contacted the regulator BaFIN, and they could not find a product licensed under this name. And this goes to show that there is a security risk with the platform. Without any compliance, features such as money-back guarantee don’t work. And this is the reason why we have to be careful with such indicators.
The problem with such platforms is the fact that they rarely offer a safe trading place. Ownership of the website can change and leave users in the cold. Imagine buying the products today, and the site goes off. It could be the reason why there have been over 12 changes over the last 15 years. The risk alone is not enough to make us recommend using this indicator. Even though the platform is impressive, the risk is not enough to warrant our recommendation. It is something we hope the developers can work on.
What makes Metagrid Trademanager sound impressive are the features available. They have outdone themselves when it comes to available features. These include an auto trailer, changing settings while trade is active, and grid size. Other features available include auto lot size calculation and hidden stop loss, target, and pending orders. Users get SL and TP by pips and risk percentage. Members will get two pending orders and a random button available on the indicator.
They have a chat box which was not live the entire time we investigated the platform. None of our messages got any response, which goes to show the problem facing investors. After buying the product, there is no guarantee that users will get any help from the developer. The phone number is another issue as it could not go through. We tried calling on regular working hours, and it seems no one is picking calls. It is a shame that such a platform would be treating users with such vile communication practices.
Metagrid Trademanager is using effective payment methods to ensure users make the deposit. Buying the product is easy as they have used available payment options. These options are MasterCard and Visa. There are no other options that make it possible for anyone across the globe to purchase the product. What we don’t know is whether their payment channel is secure for everyone. The platform has no DDoS protection or SSL encryption. It means third parties can quickly take over the payment process and steal credit card information.
There are trade examples posted on their website. The only problem with this is that there is no way of verifying these examples. A competent developer would have used real accounts to test the indicators. With a real account, it would have been easier to post the results on myfxbook. Without credible results, there is no way of trusting the published results. The developer should have done a better job with the trading results. We only recommend indicators with a proven track record.
From what we have gathered, Metagrid Trademanager is an indicator with the right impression. The only problem with this indicator is execution and licensing. There are no results to show that the indicator works. They have posted a chart which could be from another product. It is the reason why we insist that traders should be careful with this indicator. Before buying the product, ensure you understand the terms and conditions. Try to ask the developers whether they offer money-back to users.
With the indicator failing to have concrete proof of their concept, we are not recommending it.
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