Smart Forex Trading EA Review: this is the name of a Forex Expert Advisor that is relatively new in the market. Is smartforextradingea.com legit or a scam?
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What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
Smart Forex Trading EA claims that traders can improve their profits with minimum effort.
It is totally in character for Forex EA vendor to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Results are posted on the page and on third-party websites as well. A brief summary of some of the benefits to be gained from using the robot are:
Live Account Video Feed
Easy to Use
How Smart Forex Trading EA Works
The Expert Advisor is said to be fully automated like all Forex robot vendors claim. We discovered that it uses a Grid- Martingale strategy for trading and something called an Internet Trade Mirror. This is much like a trade copier.
On the page, it is described as a free service for sending trading signals over the internet to other computers. This works only on the MetaTrader 4 trading platform for now. It is said to be widely used by traders as an alternative to MAM systems, giving them a broker-independent operation.
The sender of the signals, like this vendor, runs an EA from which trading activities are broadcasted. Subscribers are connected running a copier EA that receives the signals and mirrors the sender’s trades. However, each trader or subscriber can change settings how they prefer. In each receiver EA there are adjustable parameters.
Smart Forex Trading EA Pricing Structure
Monthly – $350
Yearly – $2500
Lifetime – $5000
Each of the plans come with 1 ultimate EA license that allows changing accounts unlimited number of times. There is detailed manual 24/7 support and a 30-day money-back guarantee. Payments are available via Skrill and Neteller and the monthly payments include card payment option.
Since the service is new, we do not find much by way of reviews. The FPA profile is also devoid of reviews but well detailed showing results.
To reach the vendor or any of the customer care representatives, traders can email: email@example.com
We find the 24/7 support encouraging as well as the user friendly interface. The pricing is quite higher than those of other competitors and the results are unreliable as they are backtests. Company information is also missing.