United Forex Traders Review

“United Forex Traders” is a new robot that just recently started to get more attention in the market place.

United forex traders is a software development company specialised in professional and high-quality programming solutions for Forex Automated Trading strategies (Expert Advisors). Their fascination for automated trading systems (or Robot trading) began many years ago and they decided to share their knowledge with humans who most likely have a bad experience trading forex. They provide sophisticated automated trading solutions for forex traders, asset managers, money managers, financial institutions and investment funds and cooperate with top notch EA friendly brokers. All our EAs are developed in close cooperation with our customers. Their MQL4 programming services include expert advisors, custom indicators and scripts. This development group has 5 different EA’s that can be accessed when traders deposit a specific amount of money with one of their recommended brokerages. This is more of a binary options trading approach, so it’s interesting to see this leak into the Forex market when it has been a very unsuccessful model in the other market.

The parent company for UFT is PlanInvest. They are located at Raadhuisstraat 24, Amsterdam, NL. The CEO is Sebastian Van Hilten, and the support for this product can be contacted via skype, support.unitedforextraders, email [email protected] and phone UK: +44 20 3287 5203, NL: +31 20 894 3930, HK: +852 8125 6515, NZ: +64 4 889 0910.

Features

• Provides free robot installation.

• Free trial for robot testing.

• Settings : Default.

• Free update

• Type: Forex Robots

• Price: Deposit $3,000 – 10,000

• Strategy: Undisclosed

• Timeframe: Undisclosed

• Pairs: Undisclosed

United Forex Traders doesn’t require any specific fee , whereas others require a fee from $100 -$200.They will give you access if you are registered with either AxiTrader or Varianse. There are 5 years in total, and they all have different minimum deposit requirements in order for you to gain access.

• Acceleration EA – $3,000 deposit

• Turbine EA – $3,000 deposit

• Torque V.6 EA – $3,000 deposit

• Backdraft EA – $10,000 deposit

• Metal V.2 EA – $10,000 deposit

• Exclusive Account – $100,000 deposit

Each & every robots have one line explanation. The Acceleration system & the Torque V6 apparently slowly and steadily looks for trades, the Turbine EA “uses the latest algorithm”. These explanations are short & that is why not reliable. Also because these explanations are normally used by developers who doesn’t have much knowledge about Forex, historically which is an issue.

Trading results

Unites Forex Trades provide Fx book account for each fx robot. Some of the results are amazing but they do hide a lot of information. The acceleration software doesn’t provide us with the open trades or history so we really can not do any analysis or draw any conclusion. Although the turbine robot turns on $10000 demo account it’s showing a drawdown of nearly 40 trades open totaling a -36% of the entire account. Hiding trades are normal because you don’t want them to copy your system but hiding history doesn’t make sense.

Feedback

Some of the customers feedback is very negative whereas there are also some excellent feedbacks on it .

Conclusion

There’s not much information about the system.To invest in it obviously I need to know a lot more about the system & have much more transparency in the process.It’s very interesting what the United Forex team is offering to the firex market but with the high price tag of $3000 I don’t see myself investing in it.Their systems are promising but they’re also some detractors & very little information to go on. Results look impressive but I can’t verify open trades or history of trades, to understand how they work & if it’s dangerous or not.