A manual trading forex signal provider, Power Trader review, is what we will be looking into. PowerTrader promises to deliver accurate trading signals to its members. Although we don’t doubt the developer’s credibility, this product is not as expected. There have been numerous complaints regarding this indicator. Most of the complaints centered on the inaccuracy of the trading signals. When this starts to happen, then trouble is brewing within the product’s walls. Read this thorough critique of the LeapFX’s manual indicator.
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About Power Trader
When the developer started making trading robots, he didn’t venture into signals until recently. Power Trader is the latest product and also his first official trading product. We immediately see that the vendor decides to offer the platform via manual trading. The overall presentation of the system is poor, to say the least. Users can only find minimal information regarding the signal platform. And this is where we start seeing loopholes with this inaccurate manual signal platform.
Once you land on their homepage, it’s clear to see that the vendor was in a hurry. The landing page is entirely poorly designed with no information on the signals. There’s only a small headline with two images of their trading performance. After looking at the landing page, it’s clear that this is not a professional platform. The developer has done a shoddy job when it comes to his first manual trading signal provider. And there are more problems we saw with this system.
Assets covered by the indicator
One of the positives about this indicator is that they offer all currency pairs. What we don’t know is whether the robot offers any Crypto pairs. We are sure that the platform is ideal for Forex pairs, which is what most sign up for. The vendor should have done a better job of ensuring users can cover more trading assets. With different currency pairs, it makes it easy for users to increase their spreads. Those that want to use Crypto pairs have to search for another alternative.
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Business and product developer
Lance Hunter is the lead developer at LeapFX and is the brainchild behind this indicator. There are other similar products under his wing that include Econ Power Trader and Quick Scalp Trader. He mainly focuses on automated products that do well for some time. The reason behind him wanting to create a manual trading platform is beyond us. With the high number of complaints, we would suggest that he focuses on automated products. The team behind this platform is also not available for comment, which is a bit odd.
Feedback from users helps us learn more about how the product behaves under different classes of traders. It turns out that the platform has several low ratings due to the inaccuracy of the signals. When users start complaining about a particular product, then there’s a problem. Even the trading chat rooms are buzzing with the failure of this manual trading platform. The comments are pointing fingers at the developer for coming up with a poor indicator. With their strong online presence, LeapFX will have to make amends with traders.
User access to the trading tool
To get access to the trading tool, users have to leave their email address. It is another odd practice as traders should get a login page on the homepage. The reason why we doubt the credibility of this platform is how they present the access tool. With your email, the vendor is now able to send you different products under his LeapFX platform. Not only is Lance taking advantage of users, but he could also be selling their personal information. It is the reason why new users get bombarded with spam from products they hardly subscribed to.
Features of Power Trader
The platform is an indicator and signal provider that operates manually. When it comes to the strategy, the vendor claims the platform uses price action. We still have an undisclosed timeframe, and the indicator offers all currency pairs. From our view, this is more of a forex indicator than a signal provider. With the vendor being in the automated world, we are surprised he turned into manual trading. All these features point to a vendor who was unsure of what his end product would look like.
License and registration of Power Trader
Power Trader is not yet a valid trading platform as it doesn’t have a permit to operate. And this has been the case with most of LEAPFX’s products. The vendor should by now have a trading license as they have been in the industry for long. Such features are what make us doubt the intention of the platform. With an unregulated platform comes a huge burden to the user as they face huge risks. Lack of a valid trading license means there’s no security of funds with this platform.
We checked with various regulators to check whether this platform is registered. What we found out was a platform with no heads or tails. None of the regulators has ever heard of this platform. The vendor has a problem with licensing his products as there is chatter to block his website. Without a valid trading license, it means that we will have to face huge security threats. Once you deposit funds with the platform, there’s no money-back guarantee. And that’s a problem for all users.
Pros and Cons of Power Trader
Power Trader is going for $88 and claims one can profit in as little as 30 minutes. All these are false claims meant to drive user signups. The vendor is clearly on a rant to ensure he gets naïve investors to use the indicator. One problem with his price tag is that he keeps on changing it depending on user interest. When more users get interested in the product, he increases the price. It’s too bad that the indicator is not a proven success, and exposing it will help newbie traders.
Contact and support
The only way to make contact with the vendor is by sending an email. Users should remember that the vendor already has your address when signing up. Once you send an email, Lance and his team may decide not to respond to it. The fact that most people are complaining about how they were treated speaks volumes. Lance is not prepared to answer any questions regarding his manual trading platform. These are clear signs we are dealing with a spammy product.
Results and trading performance of Power Trader
What is even more shocking is that the vendor uses invalid charts to act as a performance checker. We would expect that such a developer would have by now started using FX Blue or myfxbook. These are third party websites where users can validate trading results of any online product. The fact that he uses random charts makes us doubt the objective of the platform. These charts do not represent the actual trading conditions available on the platform. Random data does not qualify as proof of concept for the product.
Scam or Legit Power Trader
Power Trader is a scam as there is no evidence to prove otherwise. No trader has come out with evidence of making any profit with the indicator. And this is why we have to warn users regarding this platform. Lance should stick to automated platforms and ensure he puts this fiasco down. It’s the only way he can save his online reputation.
We won’t be recommending this indicator as it has a lot of loopholes. Those who sign up should know they are using an indicator with no credibility.
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Our entire team wishes everyone a happy and prosperous trading experience.
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