Is Ary Trader Ponzi scheme guys? Is it true or not?
The devs offer us to purchase successful trading robots (?). So, there’s a list of over 20000 running robots. The offer is adding a single robot to our MT4 terminal. The minimal amount of deposit should be $250. If we don’t like robots’ performance we can change them easily. They’re don’t use scalping or other hard to brokers strategies.
“Watch videos that show how robots do transactions and earn money. You can see the entrance and exit points for the transaction and see if these selections will fit your strategies. Arya Trader only offers account history to prevent getting lost with numbers. You can simply see how transactions happen on videos. Of course, we are offering statistics and account history.” It looks like another version of PAMM services.
Performance
The devs suggest us to watch the real performance of various robots (RoboID column) on the Youtube live stream. It’s kind of messy because we can’t check any parameters of trading.
Statistic for us is just number on the screen without any verified data on the background.
Transaction details are inclinable too. We can check nothing from this. These numbers could be randomly generated and shown to us.
It warns us. If you take a look at the sheet, you may notice the “start date” column. According to it, during the first day, they have launched almost 12200+ robots (!). It’s impossible. Just ask yourself about the possibilities of creating 12200 robots and how much it should cost. As well, ask yourself about they have time to test that amount of robots well. If yes, why do they try to surprise us numbers of robots instead to apply 10-30 well-work patterns in one well-designed product and sell it for $500-1000? See, there’s no logic in their deeds.
Having googled, we’ve found this account with Arya Trading’s name. Looks like someone has lost -3257 EUR during a month.
Looks like the robot tries to recover but no avail.
The offer
As it usually goes with PAMM services, we’ve got many packages. The cheapest one called “Simple” and costs $30. We’ll get one robot to choose, unlimited changing option, and using a robot for 30 days. For $60 we’re allowed to use 6 robots. For a $300 offer, we’ll be able to use 6 robots for 6 months. For $500 – one year.
A welcome gift offers us to sign up to get $15 on an account balance.
Summing up
Advantages
- Cheap price to try
Disadvantages
- Lack of strategies explanation
- Lack of every info that should help us to make a decision
- No 3rd part verified results
- No backtests provided
- Provided data about robots’ performance can’t be verified
They run 20000+ robots (where 12200 robots have been launched in one day) and no one of them has 3rd part verified results. All of this means that it’s a kind of Ponzi scheme. They provided us with any opportunity to check how real they (devs and robots) are. If you want to make a $30 gift to them you nay try, but we wouldn’t suggest playing that game.
