MT4trendindicator.com Review Is TrendViper Legit Or A Scam

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MT4trendindicator.com Review: Is TrendViper Legit Or A Scam?

TrendViper Review: this is a Forex signal service provider that is also a trend detector. Is MT4 Trend Indicator legit or a scam?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

MT4 Trend Indicator is a signal provider and trend indicator that gives a system called TrendViper. It claims that this is a non-repainting legit indicator that works on MetaTrader 4 platforms.

The software is said to be able to act in a “intuitive” manner that can be used by both beginner traders and experienced ones. This vendor does not give the name of those running the system but only mentions that they are a team of ‘technical analysts’.

They are said to be passionate about Forex trading. They offer some other products on their websites for sale as well.

How MT4 Trend Indicator Works

This indicator is designed with a “Smart Display” which gives traders a view of features like: trend direction, trend power bar, current price, candle time countdown and the candle direction on upper time frames. It is said that it “helps to detect valid trends with higher accuracy”.

Note that after installation, traders can choose to switch ON or OFF the Smart Display.

How TrendViper Works

It is said to have been designed with new traders in mind but experienced ones can also find it valuable. Using TrendViper is said to help detect stronger trends and follow with greater ease and understanding.

Because MT4 charts may look raw and confusing to some traders, but with the TrendViper dark templates, it looks clearer and easier to understand and follow.

The website gives two screenshots to show the way two different charts are displayed by the product. Above is one of the examples on the page. A video is also provided to help clients see how the indicator recognizes strong trends and capture bigger market moves.

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With this product, a clearer and smother view of price action is provided. It is like eliminating background noises. Free trading alerts are also offered after clients install the software.

Pricing Structure of TrendViper

TrendViper costs $67 and gives license for two separate MT4 accounts. A 30-day purchase guarantee is offered as well.

Clients Feedback on TrendViper

We could not find any clients reviews online except those on its page. We have found that these could easily be fake. For a product that have been in the market for nearly 3 years, lack of customer review is discouraging.

Results are also not made available. If the vendor is to be considered, a TrendViper account should be created on MyFxbook with results.

Support

In order to contact the vendor, clients can send emails to [email protected]

Conclusion

The information on the website looks professional but lots of reputations are made. In this aspect, the vendor can contact a copywriter to make their presentation more concise. Also, it lacks results and clients’ feedback. But we find the price encouraging as well as the strategy.

Liteforex.com Review: Is LiteForex Legit Or A Scam Broker?

LiteForex Review: this is the name of a Forex broker that is located in an offshore location. Is Liteforex.com a legit broker or a scam?

The Forex broker claims to offer the largest, most liquid market for trading. Educational materials and demo contests are offered for beginners. Tutorials for learning and improving trading strategies are also made available.

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LiteForex has been trading as far back as 2005 and the trading platforms it offers are encouraging. Its address is:

Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands.

It boasts of a large collection of trading instruments in its trading portfolio which we find impressive. Regional offices are in about 7 countries but it is prohibited in quite a number of places including the US and UK.

Trading Platform of LiteForex

It is mentioned that LiteForex trading software is operated on a MetaTrader platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes: 50+ currency pairs, 50+ CFDs on commodities like Gold, silver, stocks, indexes, oil, and 20+ cryptocurrencies.

Maximum leverages offered to traders can reach 1:1000 and the spreads are different from account to account but 3 pips is found for the Cent account.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal Methods on LiteForex

Methods of making payments and withdrawals are available via: Bank Wire, Visa, MasterCard, Bitcoin, Bitcoin Cash, Local Bank Transfer, Neteller, Yandex Money, Qiwi, Skrill, SticPay, and PerfectMoney. It is encouraging to find this.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $50 is required for starting trade with this broker. Withdrawal fees and charges are not stated for the broker.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is LiteForex Licensed?

Although the broker is in the offshore location of Marshall Islands, the company that owns it is registered and licensed by the CySEC. It is still important that traders know about the offshore base and its risks.

Offshore brokers are not under regulatory bodies. However, issues with this broker has been seen to be quickly rectified as we found on the FPA website.

Support

To contact the customer care representative of this broker, traders can email: [email protected] or dial: +88007072963

Conclusion

The trading conditions look good except for the high spreads discovered on the minimum requirement account. LiteForex offshore location is another point worth considering but the image of the parent company may give some level of assurance. It has a good trading portfolio for clients to choose their preferred trading assets.

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