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WaveRunner Forex Robot: Is it a Trustworthy Forex Trading EA?

WaveRunner Forex Robot: Is it a Trustworthy Forex Trading EA?

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WaveRunner Forex claims to be an artificial intelligence robot that helps its investors in their trading activities. The company claims to utilize the power of evolving technology, which gives its investors a reasonable return with reduced risks in a short time. The website offers its clients the opportunity to earn a lucrative steady income.

The company is easy to use, and all you need is to sign up to register an account and get started. You should not let this raise your confidence in them because the company is shady.

The website claims that you only require a small amount of time to get used to the user interface and can potentially earn many returns. The issue is that the site has inadequate information about its plan and returns.

WaveRunner Forex does not do a background check on its investors and alleges that their clients do not need extensive knowledge on Forex to make returns. They boast of their expertise and how their software guarantees investors fast transaction speeds and the safety of funds.

The website also claims to have a qualified team of experts in the Forex niche with many years of experience. The website states that developers are always adapting to changing trends to maximize investors’ profits.

Forex trading is a very competitive and highly volatile niche, making earning high and consistent returns hard. The platform does not have any information on how they try to mitigate the client’s risks. Always venture with tested and tried trading bots.

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WaveRunner only aims to attract investors deposits, and newbies are likely to fall prey to their false claims. Additionally, Wave Runner lacks any form of documentation; therefore, it is operating illegally. The website is subject to prosecution, and you will lose all of your deposits.

WaveRunner bot is another untrustworthy platform that you should avoid. The company does not have any form of regulation, which is a red flag. The forex niche, especially bot and Artificial intelligence software, has attracted many scammers in recent years, and it is essential to exercise due diligence before investing your funds.

Wave Runner Forex Bot Review

WaveRunner is an automated Forex trading software made by the Forex Robot Trader developers. An Expert Advisor (EA) is a tool developed to guide and assist traders in trading and can operate automatically according to pre-programmed instructions to execute trades. An EA is a beneficial, added advantage when handling numerous variables that humans might be slow or fail.

Wave Runner robot is an EA that operates on the Meta Trader 4 platform. The platform can work on numerous currency pairs such as USD/CAD, EUR/USD, CAD/JPY, AUD/EUR, AUD/GBP, among others in all timeframes.

The company claims that its software is unique and will not be interrupted during trade by manual actions or transactions. The user interface is smooth, and the platform claims that the robot functions are adjustable to client preferences. Forex Robot trader, the team behind Wave runner, was famous for creating many different trading bots but has declined in recent years.

The platform’s website lacks some features on its site and does not have extensive details on the sales page or new products. Wave Runner only has the features section, the about section, and a trading results section. There is no FAQ section to learn more about the software and the website. It claims to use a unique zig-zag theory combination to obtain many automated pips.

The company also claims to be able to guarantee its clients high returns for a small investment. With the rise of many pyramid schemes and scam sites, the narrative has become a cliché. It is mostly a marketing structure used to lure new investors into making the deposits. Many people are searching online for a hassle-free way to get rich overnight, which is a misconception.

Investment strategy and plan

WaveRunner utilizes its proprietary software to execute trades. The company claims to be automated, fast, and reliable. It claims to have adopted the ZigZag theory in collaboration with Elliot Wave theory to get favorable trading opportunities. The strategy time frame is M30, H1, H4 and the price of this EA is $49. The website does not state the estimated profit spread or the withdrawal limits. The information available on its platform is very lacking.

The founders

The Forex Robot Trader developers created WaveRunner Forex, and it is one of their initial creations. The Forex Robot was created in 2006, and they offer both free and paid EAs since then. The company claims to have over 20 other Forex trading EAs, for example, Falcon, Odin, Vader, and reaper, among others. The company appears to be focused more on marketing and has neglected development. Wave Runner software is not up to date, which has reduced its reputation further over the years.

The founders are also known to be from a Forex robot, but not much information is known about them. They are still operating anonymously, and there is no information or social media handles to verify their claims. Anonymity is not a suitable characteristic of online investment ventures.

Regulation

For a platform to be certified and generate money from public investors, regulation is a necessity. WaveRunner is operating without any licensing documents. There are no measures in-store to help investors from being robbed because machines do the operation. The lack of a license also discredits the reputation of the scam platform, so you should be wary of such websites.

The company also does not have a terms and conditions page, an FAQ as well as a demo account to help new investors get to learn the software. Clients cannot familiarize themselves with their investment, and they do not showcase their trading history to verify their returns. The site has a lot of red flags to be trusted.

Customer support

Customer support is a crucial element in any business. WaveRunner Forex does not have a strong customer support base. This is a major red flag because scam sites do not know how to reach them. In case of a problem, complaint, or suggestion, you cannot reach out for help.

When the scam site steals your money, they will suspend your account and ghost you leaving you stranded. WaveRunner does not have a telephone number or any social media handles to reach out. The physical location address or email is also unknown.

Final Verdict

WaveRunner is a scam site that only aims to benefit from client’s deposits. The company is not transparent in what it does, and the information available on its website is very little. The site does not state any information about its withdrawal limits, business plan, returns, or an FAQ.

WaveRunner also fails because it is not regulated; thus, it is operating against the law. It does not have any form of documentation, and it could quickly go away with all your deposit.

WaveRunner does not have any customer structures to help its clients. Before investing in any, you should venture with tested and tried trading bots and perform adequate research and improve your knowledge to avoid unnecessarily losing your deposit.

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