AutoArb Review

Feb 9, 2021 04:21 PM ET
AutoArb Review

AutoArb

Type

Expert Advisor

Price

$297 annually, $497 lifetime 

Strategy

Arbitrage

Compatible Platforms

MT4, MT5, Binary

Currency Pairs

All

Timeframe

Any

Recommended Min. Deposit

n/a

Recommended Deposit

n/a

Leverage

n/a

Trade length

n/a

 

AutoArb presentation

AutoArb is a “brand new, easy-to-use arbitrage system that snatches risk-free daily profits trading on MT4, MT5, Binary Options-based platforms.” We don’t know how close it is to true. LeapFX is also well-known for wordy presentations, as usual. For more details, please, read this AutoArb review.

Trading Strategy Explanation

AutoArb has a huge number of features:

  • The system can work automatically. We can interact with it, closing and opening orders.

  • The system uses a stealth feature to hide arbitrage trades from the broker’s eye because arbitrage is legal just before you’re going to withdraw money. So, these deals have to be covered as manual ones.

  • The presentation doesn’t mention that arbitrage is part legal. 

  • We have to run it only on ECN accounts.

  • The software works without knowing where the market will move in the next second.

  • It works making profit proceeding data from the slowest and the fastest brokers.

  • It can be run on Forex, CFDs, Crypto, and other financial instruments. We don’t know about the other instruments.

  • We can run it on any number of real accounts.

AutoArb trading instruments

  • The system works for MT4, MT5, Stocks, Binary Options, Indexes, and CFD.

AutoArb arbitrage trading

  • We can make money with trading with increased Lot Sizes, but if something goes wrong like losing internet connection or disconnecting Data Center (especially IC Markets’) - the account will be blown.

AutoArb - risk

  • But the vendor insists that the case of burning the account will never happen.

  • The system has an auto-clicking feature.

  • There’s a well-designed User Interface that’s easy to use and work with.

AutoArb - data feed

  • The arbitrage software uses the MT4 protocol to place orders on the company’s servers directly.

Backtest Data Analysis

Usually, the arbitrage programs don’t have backtest reports because there are no strategies behind the system. It’s just a latency play, nothing more.

Live Trading Data Analysis

Trading Results

Myfxbook Account

n/a

Started

n/a

Deposit

$19979

Balance

$156181

Gain

781%

Daily

n/a

Monthly

n/a

Drawdown

n/a

Profitability

n/a

 

AutoArb Live Trading Data Analysis

We’ve got several videos where we can see how the system performed. Alas, we don’t have any myfxbook-verified account like other LeapFX’ arbitrage software has. It’s important because we have to be sure that these gains are withdrawable. 

AutoArb Live Trading Data Analysis

As we can see, there are AUD/JPY and EUR/JPY currency pairs traded in the same account. The system allows us to open and close deals manually.

The company

AutoArb customer reviews

There’s a LeapFX profile on Forex Peace Army. It has twelve reviews and a 3.453 rate. This page is for all their robots. It was updated on January 21, 2021, the last time.

AutoArb customer reviews

The last review wasn’t about AutoArb, but about the company in general.

Pricing

AutoArb Pricing

There are two lifetime membership plans. It’s a mistake because the first pack has to be a one-year membership. So, the annual-subscription will cost $297. The lifetime membership costs $497. The devs insisted that it’s One Time Payment Never Pay Again. Both packages are featured by AutoArb trading software, bonus autoclose software, free auto-updates, upgrades, 24/7 and welcome support, best risk and account balance recommendations, and a 30-day money-back guarantee.

AutoArb registration form

To finish a purchase we have to fill a registration form. 

Review Summary

 

Pros

Cons

  • The strategy is well-explained
  • No team revealed
  • LeapFX hosted
  • No settings explanations provided
  • No negative feedback
  • No money-management advice given
  • Standard pricing
  • No backtest reports provided
  • Affordable pricing as for arbitrage software
  • No verified trading results
  • The 30-day money-back guarantee provided
  • No people feedback provided

 

Conclusion

AutoArb is an all-new arbitrage software that was released on LeapFX several months ago. As usual, the presentation looks and sounds so wordy. The vendors didn’t provide myfxbook-verified trading results and this is a huge con. It’s such a big deal because anyone can make money trading arbitrage strategy - the masterpiece is to convince the broker to allow withdrawing.

Rating: 4/10


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