Trading in Forex requires a certain amount of skill and experience if you want to safeguard and grow your investment. Luckily, with automated trading software systems, you do not need much experience or skill. Nowadays, there are many Forex robots that claim to bring big profits with very little effort on your part. Super EZ Forex is one such system that assures a simple enough trading method. In this review, we have analyzed the trading system and provided you with the relevant facts.
Is Investing in Super EZ Forex a Good Decision?
At the outset, the Super EZ Forex system reveals a simple trading software without any frills. From our analysis of the features, presentation of the system, and vendor info provided we could not gain a proper insight into the system. The information provided is very negligible so it is difficult to know about the pertinent aspects of the system such as the performance, the strategy used, and similar features.
From the About Us page, we find the system belongs to the Triple Arrow Trading System. It includes downloadable software that gives financial details, trading, investment, and financial risk modeling. As per the vendor, this system is designed to generate big profits every month for the trader. The vendor does not divulge information about the developer behind the system and we could not find details such as location address, phone number, etc. All these shortcomings point to the system being an unreliable one.
We could not find any explanation of the trading approach used by the system. There is just a vague mention of a simple color matching algorithmic system. In the FAQ section, the vendor mentions that the method used works with most trading approaches. Some of the features highlighted include the use of any timeframe, currency pair, metals, indices, and cryptocurrencies.
Super EZ Forex comes with an email and mobile notification system, and a customizable smiley face feature for identifying noise-canceling trend filtering. Hot zones form another feature present that helps you to confirm the stop loss, entry and exit points.
This system costs $299 exclusive of taxes and includes two licenses, video tutorials, a trade tracking journal, a few guides, and access to the private member Telegram group. The vendor does not provide a refund guarantee which is to be expected with the system being expensive. But the lack indicates that the system is not as reliable as the vendor claims it to be.
We could not find verified trading results for this system. The few trading screenshots that the vendor provides do not reveal any important details.
The above image of a live trade shows the currency pair traded, the pip value, and open positions along with the timeframe used. With verified trading results, we could find about the performance of the system in more detail than just the number of pips as highlighted in the image above.
With sites such as myfxbook, FXBlue, etc. the trading account statements are clear and reveal plenty of information about the account. Details such as the balance, gain percentage, drawdown, profit factor, and more are important. These disclose how effective the trading approach used is and whether the system can be relied upon.
A single customer review is posted on the Trustpilot site. A screenshot of the review is shown below:
From the review, we can see that the user feels the system is a good one but is not happy with the broker feature as the license given works with only one broker. We could not find any other reviews on sites like Forexpeacearmy, Myfxbook, etc.
Reviews from such third-party sites help throw light on the effectiveness of the system, the type of customer support offered, and any other issues that a user has to know of. Without such reviews, it is difficult to evaluate the system properly.
Super EZ Forex Review Summary
Summing up our review of the Super EZ Forex system, we could see the system is lacking in several aspects. For one, there are no verified trading results or backtests posted by the vendor. With any automated trading systems verified trading results are expected as a given. This is because the results are solid proof of the system’s workability and reliability.
While the cost is expensive compared to other similar systems in Forex trading, the vendor does not provide a money-back guarantee which makes us suspicious of the reliability. There are other factors too that indicate the system is not as reliable like lack of vendor transparency, inadequate strategy explanation, and poor customer support. In short, the vendor has to be more transparent about the results, strategy, and efficacy in order to make this system worth investing in.