The arbitrage trading approach in Forex is generally considered free of risks but requires the trader to act swiftly and accurately. This is achievable only if you are skilled in identifying the opportunities when they arise. Or, if you have an automated system that does the hard work for you.
AutoArb from the LeapFX team, uses a stealth arbitrage approach to produce high returns. The AutoArb review our experts have compiled will give you a better insight into this system and its reliability.
Is Investing in AutoArb a Good Decision?
Our experts have a meticulous and comprehensive analytic process for assessing the efficacy of the various automated systems including Forex robots and signal services. We look at the team behind the system, the features they offer, the price, performance, and a few other prominent aspects.
From our analysis of AutoArb, our initial conclusion is that the system needs to provide verified trading results and a few other features for it to be worth trying. Here, we have elaborated on the key factors we consider crucial for deciding the reliability of a system.
We could not find any mention of the developer of this automated system save for the mention of the LeapFX team. LeapFX is headed by Lance Hunter and has several other Forex robots in circulation such as Bounce Trader, Quick Scalp Trader, etc.
Other than the contact form featured on the official site, the vendor does not provide location information or phone contact. We also could not find a live chat feature. From the obvious absence of these crucial features, it is clear this vendor lacks transparency.
Features of this system include the use of the Stealth Arbitrage system, compatibility with MT4, MT5, Binary Options, and more, the use of auto-click technology, the capability to work on unlimited accounts, and $100k live proof.
To trade with this software, you have to install it on a broker platform that provides a fast price feed. You can select the demo or the live account you want to use and this software will detect the arbitrage trading opportunities and trade automatically.
This system works on all currency pairs, stocks, CFDs, Indices, and other trading instruments. The only stipulation is you need to use a fast and slow broker. From the name of the Forex system, it is clear that the main strategy it relies on is the arbitrage approach.
Two different payment options are provided for this automated trading system. One option is paying two equal monthly payments of $297 and the other is a single payment option that costs $497. The features offered include the trading software, auto close software, automatic updates, support, and best trading recommendations. A 30-day money-back guarantee is offered by the vendor. While this shows reliability, the cost of the software is very high compared to prevailing competitor rates.
We were unable to find the trading results of this system in verified or unverified form. A couple of YouTube videos are posted on the site to show how the system trades. The screenshots are provided below:
We prefer trading results posted on reliable third-party sites like the myfxbook.com site or the FXBlue site. These sites post relevant trading stats such as the drawdown, risk to reward ratio, profit factor, lots, etc.
Since the vendor does not provide verified results, we are unable to assess the system’s performance and verify the claims of the vendor.
Furthermore, backtests are also not provided by the vendor. The strategy reports help provide info on the historical performance that aids in better assessment of the reliability of the system.
No reviews from customers are posted on the official site and trusted sites such as Forexpeacearmy.com, Trustpilot.com, etc. However, we found reviews for the LeapFX team, which are mostly negative. Here are screenshots of some of the reviews:
From the reviews, it is clear that the system is not providing the profits it assures and that the money-back guarantee has not been honored. With more negative reviews on the various expert advisors of the group, we could only expect similar feedback with this system of the LeapFX group.
AutoArb Review Summary
Summing up our AutoArb review, the system uses the arbitrage approach for successful trades but does not provide adequate proof. Additionally, there are several other issues we could detect in this system.
Firstly, the vendor lacks transparency and this is seen in the other products of the LeapFX group also. The price of the packs is too expensive when compared to other such systems in the industry.
Without solid proof in the form of verified trading results and backtests, and the other downsides we mentioned make this system fall short of our expectations. Unless the vendor provides verified results, we cannot recommend AutoArb.