The Skilled Trader (leapfx.com/theskilledtrader.html) is an automated forex trading robot created by LeapFX Group. One of the most significant selling points they have is the ability to double or triple profits. With this kind of a promise, a majority of investors have signed up without taking any review in mind. And the results are having several clients up in arms over what they term as ‘unsatisfactory services.’ This automated robot is another scam product from the Leap FX Group.
With members sending their complaints to our help desk, we decided to investigate. The Skilled Trader Review is meant to show traders the risks involved in trading with this platform. These scam artists have nothing else to do than offer unrealistic profit margins. Investors are ruing signing up as they are now stuck with an incompetent robot. This could be avoided if they took time to investigate the reputation of the robot.
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Most of the complaints we have seen are regarding the failure to update their signals. The support team is not available for comment, which is a huge problem. No one can use this platform and get to have double or triple the profit promised. And this is why we must insist that newbies should stay away. These scam artists target naïve investors who don’t have a clue about online trading. They claim to offer a high-profit margin, and all they want is for you to buy their ill-conceived robot.
The automated robot claims to trade with major currency pairs. They post EUR/USD, GBP/USD, and XAU/USD. It means that the robot only deals with silver as the only metal asset. They fail to disclose the timeframe available on the platform. Another problem with the robot is a lack of information. They should be bold enough to give users the full details on the assets. There has been a delay in providing signals, which is also a problem. The automated robot is also making users to make huge losses. One victim lost over 2,000 pips with this automated trading robot.
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They claim that the robot is owned by LeapFX Group, which is true. One of the biggest problems with this company is anonymity. They fail to give users full details regarding their whereabouts. It would be prudent for investors to know who exactly handles their funds. This creates transparency, as the owners will be held liable for any problems. And this is the very reason why they fail to indicate their headquarters. A look at various company registers does not yield any fruits.
We took a look at myfxbook for comments from several users who bought the robot. It is safe to say that the robot is unable to meet its claim of doubling or tripling profits. These remarks show how the robot is unable to provide accurate signals to members. One of the member’s complaints is the lack of updates in the signals. This robot does not work effectively as good robots. And this is another reason why investors should stay away from the software.
A look at the trusted domain checker whois.net reveals a disturbing feature with the site. It seems that the site has undergone several IP changes over the last 16 years. They claim that their robot was recently created, which is a lie. If this were the case, their records would show the site went live this year. With search records being open to everyone, it shows that the robot is not reputable. They are recycling old trading robots and selling them to unsuspecting investors. The habit must stop with this program.
They claim that the robot comes with auto-update software, which is not the case. If the robot updated software automatically, there would be no delays in signals. They also claim that the robot does not come with any broker incentives. Other notable features include low account risk with a minimum deposit of $100. The minimum deposit is not real, as clients must pay a higher amount when buying the robot. These features don’t offer any solid reason to go and buy the robot.
The Skilled Trader is NOT licensed or registered by any regulatory body. These robots, with no valid documentation, pose a considerable risk to members. They rarely insure funds, which means money-back guarantee is not on offer. Stay away from this robot as they rarely produce any desirable results. The mother company is not in any company register, which is proof of their lack of compliance. These are scam artists who have nothing else to do than steal from investors.
We checked the robot for any details on their compliance. The robot does not have a terms and conditions page, which is another huge problem. Investors are signing up blindly, not knowing the full terms. It could be why the platform is taking advantage of investors by refusing to offer money-back. Such platforms are risky as there is no insurance cover for clients. Once you buy the robot, it is the last time you get to see your funds. Even if the robot does not work, no compensation will occur.
The Skilled Trader is offering investors three account packages to choose from. What is weird with the account packages is that they come in the form of an estimate. These packages start from the Starter, One-year profit estimate, and Two-year profit estimate. When you look at the projected profit estimate, one would want to sign up immediately. These estimates are double the deposits made. The problem is that these are just numbers with no proof of concept. There are no results to prove that the robot works.
Another problem with this robot is the lack of a capable customer support team. One would expect that the platform offers a reliable support team. They don’t have chat support, which means users have to send an email. The problem with emails is that they rarely provide fast responses. And this could be the reason why these developers prefer emails. They want to control the communication channels. They will contact the member at their own time. Some had to wait for over two weeks to get a response.
They claim to use three principles or secrets as their strategy when developing the robot. The developers believe in following big money. They also rely on pullbacks and reversals based on available information. Their last approach is based on risk management, which is yet to be proven. As for the results, they have provided just one myfxbook results. And this is a problem as they only give us one trading result. It could be the only profitable results in a thousand. They should have done better and offer more trading results to investors.
The security of funds is far from being guaranteed by a platform with no credible results. After buying the product, users are complaining that they don’t get to see the results. The robot is also going for a high price and yet, fails to deliver. It is why no one else should sign up with the platform for obvious reasons. There is no money-back guarantee, which is a huge problem for investors. Stay away from this platform or else risk losing your entire funds with the robot.
The Skilled Trader is a scam robot that is not worth your money or time. Warn your loved ones on the risks of using such a robot.
We will be adding the robot to our scam blacklist and ensure no one else falls for this trap.
Stay safe and use industry-recommended forex trading robots. These robots are a way of ensuring a healthy and stable passive income. They safeguard your investment at all costs. Try them out today.
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