ARBITRON (EA) Review | Arbitrage EA SCAM?
ARBITRON is an arbitrage EA.
Arbitrage is a technique that uses a temporary price difference in a financial product to earn money.
Arbitrage is almost never defeated because it makes a profit from price differences without predicting the price direction.
If this arbitrage can be executed on MT4 terminals, it is a dream system！
Basic information of ARBITRON
- Support：Email support
- Money back guarantee：30 days unconditionally
No information is written on the sales page of this EA.
Although details can be received by email, it is recommended that you do not register your email address on this site because there is a risk of spam.
There also seems to be an unconditional 30-day money back guarantee, but don’t trust it too.
Live performance of ARBITRON
The results of 4 accounts are published on Myfxbook.
■Broker：Hantec Global Ltd,【Real】
The results at FXDD have been quite profitable.
The monthly profit rate is + 578% and the total is + 8039%.
However, please note that this is result of just demo account.
In particular, arbitrage is a transaction that targets a small number of pips, so the results in a real account are quite different.
These EAs tend to lose as soon as they move to real accounts.
However, this EA is surprising because it is profitable even with a real account.
Although the profit rate is not as high as the demo account, it has succeeded in producing a high profit rate even with a real account.
Looking at these results, there are many people who want to use this EA.
However, please note that all information such as account balances and transaction history is kept private.
In particular, the lot size is expected to be operated at extremely small value. In particular, the Alpari NZ account currently in operation is cent account and the lot size is much smaller than usual.
Because it is a system that targets a small number of pips, you lose if the lot size increases and the order execution speed starts to slow down.
Believing in high profitability in the forward test is dangerous. If the profit rate is high but the lot size is small, it will be difficult to recover the purchase amount of $ 799.
Risk of Arbitrage
ARBITRON’s vendors argue that “our special price feed is faster than broker pricing, so you can use the price difference to make a profit in seconds.”
However, arbitrage is a gray zone transaction that is often banned by many brokers.
If you are in conflict with a broker’s ban, you may be subject to sanctions such as canceling profits or refusing to withdraw money.
Vendor Reputation is Bad
ARBITRON is for sale on LeapFX.com.
The EA currently on sale from LeapFX.com is “Funnel Trader”, “Econ Power Trader”, “The Wave Scalper” and so on.
In addition to the EAs listed above, it seems that many EAs have been sold in the past.All have bad reputations.
There is almost no reliability as a vendor.
Conclusion of ARBITRON
The promotional phrase “A premium price that flows into MT4 faster than the broker’s price enables arbitrage” is very appealing.
However, it is very unclear whether it is a profitable system.
In the vendor forward test, the result of the real account is also released, but probably the balance is very small.
Even considering that the cent account is currently in operation, it is presumed that there will be no profit unless the lot size is extremely small.
The reputation of the vendor LeapFX.com is also very bad.
The purchase price is $799, which is high.
Purchasing ARBITRON is not recommended.
I think there is a higher possibility of SCAM!!