Apollo-trading.fr Review Is Apollo Trading Legit Or Scam

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Apollo-trading.fr Review: Is Apollo Trading Legit Or Scam?

Apollo Trading Review: this is the name of a signal service provider that is new. Is Apollo-trading.fr a legit signal provider or a scam?

The website of this signal provider claims that it will “improve your finance”. It is totally in character for Forex service providers 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.

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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.

Apollo Trading also claims that besides giving Forex signals, it extends into stock signals too. From one external source, we were able to see that the name of the vendor is Benjamin Bellois. This is not a popular name in the trading market but not to be dismissed entirely.

How Apollo Trading Works

This is where we start to encounter red flags. Nothing worthy of note is provided regarding how the signal service are generated. We are only informed that after a “pack” is chosen, clients will receive an email guide. They will also get access to information and methods to get different tools to start trading.

It then talks about copying trades and how it takes only a few seconds. Users are instructed to copy the signals sent via Telegram. The vendor says their trader gives his data after analysis that includes Entry Point, SL and TP and when to close trade.

The details are not well passed across as we encounter lots of mistakes in terms of grammar and unnecessary explanations like what Telegram is. It also recommends clients to start a trade with BDSwiss Forex broker.

Pricing Structure

Clients are required to pay 50 EUR each month to use this signal service. They can also pay 100 EUR for 3 months or make annual payments of 300 EUR.

Clients Feedback on Apollo Trading

There are some clients’ reviews published on the page that as we expect are all positive. We find it hard to recommend the vendor based on this. We will be more inclined to believe this if it is on a third party website at least.

Trading results are not also available on verifiable third party websites. Instead, what we find are screenshots from a mobile phone that cannot be trusted. The vendor would do well to fix these two areas.

Support

The website provides a link to speak to the “advisors” of this vendor via phone.

Conclusion

The pricing of Apollo Trading is not very encouraging but not excessive. The presentation of its strategy is poor and it has no results. Assets offered include Forex and CFDs which is impressive.

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MetaTrader Programmer Review: Is It Legit Or Scam?

MetaTrader Programmer Review: this is a company known as Dynamic Programming Solutions that offers a unique trading solution. Is MetaTrader Programmer a scam?

We are familiar with EAs and signals service providers and many examples of Forex robots. They promise to increase profit of traders. It is totally in character for Forex service providers 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.

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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.

MetaTrader Programmer is offering to help traders turn their trading strategies into programs. Currently, only a handful of players are on this field of programming.

We found that the page is run by an organization called Ferenci Kiado Kereskedelmi es Kiadoi Bt. It is owned by a certain Ferenci Zoltan Laszlo and based in Budapest, Hungary.

How MetaTrader Programmer Works

They promise to “customize MetaTrader” so that clients “can do more & make more”. These programmers are telling traders not to allow software shortcomings pull them back. The company offers to develop custom programming solutions for MetaTrader that can make manual trading simpler.

It offers of services are as follows:

Indicators: they give visual representations of combinations of variables like price, volume and other signals.

Scripts: these execute repetitive operations that can consume a trader’s time. This includes opening and closing orders.

Expert Advisors: formulate traders’ trading ideas into EAs to make complex tasks simpler.

Program Collaboration: merge EAs with indicators and scripts and create hotkeys for designated functions.

Existing Program Modification: help customize current EA or indicator.

The group is said to be made of experienced MetaTrader programmers who are familiar with the software and usually complete jobs within 2 to 5 days.

Pricing Structure of MetaTrader Programmer

Clients who already have a plan of programs like scripts, indicators, or EAs can contact the vendor via an online form for price quotes.

Clients Feedback

We could not find clients reviews on MetaTrader Programmer. They may be relatively new and not yet popular among traders. Because it is a competitive field with however few players, the team can reach more people via ads and social media campaigns.

Trading results are also not found and this may be because of their lack of popularity. But if they have already designed software, they should test them and show results.

Support

To reach the customer care agent of the team, clients are to fill an online message form.

Conclusion

The lack of feedbacks and results are negatives and does not help their image. We believe the creators of MetaTrader Programmer can find a way to fix this. Also, they can also provide pricing estimates to let traders know what they should be expecting before making contact.

Exploring Scams Involved With Forex Trading

While foreign exchange (forex) investing is a legitimate endeavor and not a scam, plenty of scams have been associated with trading forex. As with many industries, plenty of predators exist out there, looking to take advantage of newcomers. Regulators have put protections in place over the years and the market has improved significantly, making such scams increasingly rare.

Foreign exchange trading involves the trading of pairs of currencies. For example, someone might exchange euros for U.S. dollars. In September of 2020, 1 euro ranged in value from about $1.09 to about $1.12. So, a trader who exchanged 100 euros for $112 when the value of the dollar is high could profit by exchanging those $112 for euros when the value of the dollar drops back to $1.09 per euro. Such a transaction would result in a net profit of less than 3%, which likely would be wiped out by the broker’s commission.

Forex is a legitimate endeavor. You can engage in forex trading as a real business and make real profits, but you must treat it as such. Don’t look at forex trading as a get-rich-overnight business, no matter what you may read in hyped-up forex trading guides.

Exchange rates are volatile and can go up or down unpredictably. When accounting for commissions brokers take from transactions, making money requires significant changes in exchange rates in favor of the trader. High profits are possible, but it’s not a market where anyone should expect quick and easy cash.

What Makes a Scam?

Forex trading first became available to retail traders in 1999. The first handful of years was wrought with overnight brokers that seemed to pop up and then close down shop without notice.

The common denominator was that these brokers were based in nonregulated countries. While some did take place in the United States, the majority seemed to originate overseas where the only requirement to set up a brokerage was a few thousand dollars in fees.

A distinct difference exists between a poorly-run brokerage, which isn’t necessarily a scam, and a fraudulent one. Even a poorly run brokerage can run for a long time before something takes it out of the game.

Some common examples of scams investors should look for include churning and brokers who simply underestimate risk. Churning involves brokers who execute unnecessary trades for the sole purpose of generating commissions.

Additionally, some brokers often overestimate the ability of investors to make a lot of money quickly and easily through the forex market. They typically prey on new investors who don’t understand that forex trading is what is known as a zero-sum game. When a currency’s value against another currency gets stronger, the other currency must get proportionally weaker.

How to Avoid Being Scammed

The first step to take is to check the location of the brokerage’s headquarters and research how long it has been in business and where they are regulated. The more the better.

If you feel you are being scammed, contact the U.S. Commodity Futures Trading Commission.

The simple act of finding out who you should call if you feel that you’ve been scammed, before investing with a brokerage, can save you a lot of potential heartache down the road. If you can’t find someone to call because the brokerage is located in a non-regulated jurisdiction, this is usually a red flag and a sign that it’s best to find more regulated alternatives.

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