ForexArbitrages.com Review

I asked the dealer whether I can pay via Moneybookers Escrow payment, but after I read the replies on this page, this is probably become unnecessary, thank you !

Sorry to hear some of you guys got snookered into buying this. It came in my junk mail today and as soon as I looked at it, I knew it was %$#@! I first got interested in the forex market because of a concept I learned of called forex arbitrage. I searched high and low looking for everything I could find on it. Long story short: Yes, it DOES exist. And yes, theoretically, a person can make a lot of money risk-free in a short period of time. But...and here's the BIIIIG "but", it is not something that your everyday retail trader, trading through a retail market maker brokerage can even remotely take advantage of. It is literally a "big boys" game, that requires big money from the start, coupled with super fast computer technology and being wired directly into the banking system itself. So, if ANYBODY tells you or attempts to sell you a software program (for $27 no less!!!!!!!!!) that will use arbitrage in the forex market to make you rich, they're a fool for trying to sell it and you would be a bigger fool for buying it. No offense intended; I've did the exact same thing myself a few times. Sorry some of you got taken and hope you get your money back. If I've saved someone $27 or the hassle of trying to get it back, then it's a good day. Education is everything and forex arbitrage is reserved for the George Soros' and Warren Buffets of the world.

Good luck out there.

100 % agree with all previous comments - only effect of that package if bought is that one will get flooded with the advertisement of 2 other products - both for 47 $ promising unrealistic performance. i all ready regret that i exposed my contact data to them scammers.

Seems we in Australia are just too trusting, I wish I had read the reviews before being suckered. I am asking for a refund after a few hours of having this robot. Always said that I would not buy anything that upsells, but got suckered this time

Agree with other comments... Forex Arbitrages EA is real piece of c****! It doesn't even look for arbitrages. It is just your basic five pip "scalper" on the EURUSD 1M chart. The "so-called" Manual program only looks for trends on higher time-charts and then you're supposed to place the trades yourself. There is no explanation or rationale provided, just a generic installation pdf booklet for the Basic, Plus and Manual versions of the software.
I will be asking for a refund immediately because the advertising is completely misleading, even the very name itself is not representative of the product.
Total garbage - almost consider this EA should be given a "scam" rating. What do you think?

The product is offered at a really low one off cost, then once you pay it, you are taken to screens to try and sell more (eg this add on will triple your results etc). I got suckered. So I went back to the original website and had a look at the trade examples. I noted...(a) they all occur on a minute boundary - my first warning, (b) when I checked them against the EURUSD they all occurred at perfect trend times - a bit too coincidental for me, and (c) arbitrage occurs in fractions of seconds, yet these trades run for hours!

I will let it run for a while, but expect I will be asking for a refund. I'll let you know whether I get it or not.

@Rob is completely correct. The sales page was completely different to what was provided. I was expecting something that required setup with 2 forex brokers (at least), and software that would pick between the bid and ask spreads to arbitrage between them. The download page led to 2 EA's. The "user manual" on one of them was amateurish to the extreme. The title was "Forex Arbitrages Secret Manual System". It was made up of 1 page of setup info, and 2 pages of EA parameters. OMG I felt like such a fool for being scammed.

I guess I should have known. For someone that claims to have made $3.4m in the markets and then sells a software for $47 limited to 200 customers... hmmmm. looks like I was the idiot to believe it...

I agree with Rob. My demo is also raking up 30+% of floating losses over just a few hours. Really a piece of s****y EA. The manuals are disorganized and even the spelling of "arbitrage" on the EA itself is wrong! Confirmed I will be seeking for a refund...

Forex arbitrages sound very promising, since they should lead to no-risk trading.

The sales page (standard Marketing 101) wouldn't let me out easily. A decent product doesn't need this. A rat entered the room.

The download page is crappy, leading me to download everything twice, only to receive two copies of the same thing. The rat started to smell when there was no .dll file and no way for two instances of MT4 to communicate with each other.

The manuals don't even relate to the product and are probably the worst I've seen in my many encounters with forex scam robots. The rat was getting smellier.

A 10K trial run with 1.0 lots on a demo has done nothing with the standard version and has lost 33% with the upgrade. The rat positively stinks.

Arbitrages, my ass. How can you do that with only one broker? The rat is putrid.

I've never gone after a refund so quickly from somebody who is such an out-an-out liar and scammer.