Stealth Trader Review: Does It Win or Lose?

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Stealth Trader

Stealth Trader is a product from Leapfx, which claims that their expert advisor can achieve high rewards with low risk in a little time. It is a fully automated Forex solution compatible with all account sizes and comes with detailed verified accounts. The presentation on the official website focuses more on proving that they are legit failing to provide good insight on the strategy and functionality of the robot. Our detailed review will analyze this algorithm’s reliability, credibility, and integral approach. 

What is Stealth Trader?

Stealth Trader comes with the following features:

  • The EA trades on the Metatrader 4 platform. 
  • It comes with a user manual. 
  • The devs offer one-month refund policy.
  • The robot can support all types of accounts. 
  • The system doesn’t use the grid/martingale strategy.
  • 24/7 customer service, lifelong updates and upgrades are included.

The developer fails to provide clear information on the strategy, such as indicators, brokers, timeframe, money management, etc.

Official Stealth Trader website

Stealth Trader is available to purchase on Leapfx, the service provider’s official website. The presentation of the EA is not promising as the vendor focused more on convincing its legitimacy than the product itself. Third-party verified records are present with many screenshots of customer reviews. 

How can we use Stealth Trader?

The algorithm trades the markets after scanning them according to the coded information and strategy. It will use risk management techniques and OrderSend functions within its code to open and manage trades.

Pricing & refund

The developer of Stealth Trader offers two purchase packages; one year license comes at the cost of $347, and a lifelong membership for $597. The package includes one copy of Stealth Trader software, unlimited updates, customer care services, best recommendations from the vendors, and a 30-day money-back guarantee. The cost is overly priced considering this expert advisor’s performance, features, and functionality. 

Trading strategy

Stealth Trader can place trades only on GBPJPY currency pair is compatible with all account sizes and doesn’t use the grid/martingale strategies. The vendor claims no use of martingale and grid, but the history present on the Myfxbook website contradicts their statement, which raises concerns over the performance and legitimacy of the EA.  

Trading history of the EA on Myfxbook
Trading history of the EA on Myfxbook

Stealth Trader comes with backtesting for a short period of three years, starting from 2018.01.02 to 2022.03.11, which is not enough to analyze the historical performance of the EA. GBPJPY currency pair was tested on the M5 timeframe on every tick model: the developer deposited an initial $2500. 

A total of 99157237 ticks were modeled with 90.0% tick quality. The system made a net profit of $2266.80, with a profit factor of 1.36. The absolute drawdown value is 13.17%, where the robot won 739 trades out of 952. 

Backtesting records of the EA on Myfxbook
Backtesting records of the EA on Myfxbook

Current performance

The live trading records of the expert advisor are available on Myfxbook. The system started working in July 2020. The EA showed a total gain of +1279.26%, with a profit factor of 1.35. Stealth Trader participated in 1002 trades, out of which 701 were profitable. The developer restricted the website to show the essential data such as net profit, equity, initial deposit, withdrawals, etc., which means there is something the vendor wants to hide from the traders.

Live records from Myfxbook
Live records from Myfxbook

The expert advisor uses a bit of risky strategical approach which is evident from its average drawdown value, which stood at 28.89 according to Myfxbook charts. 

Average drawdown from Myfxbook
Average drawdown from Myfxbook

Vendor transparency 

Leapfx is the parent company, and Greg James is said to be the developer of this EA. A detailed biography of the vendor is presented on the website. Still, no details about their certification, location, office address, team members’ names, etc., were not disclosed to the public.

What are the real customers saying about Stealth Trader?

Stealth Trader doesn’t have any user feedback on any third-party websites, but the parent company, Leapfx, has 17 testimonies from the consumers with a rating of 3.196/5 on Forex Peace Army. 

One customer states that the vendor is tempering the product’s rating by asking users to leave good reviews. Furthermore, he advised his fellow traders to search for other EAs and didn’t recommend it. 

Customer review on Forex Peace Army
Customer review on Forex Peace Army

Another trader on Trustpilot commented that the developers don’t honor the refund policy and try every possible way to blame you for the loss.  

Trader review rating on Trustpilot
Trader review rating on Trustpilot

Summary: is Stealth Trader a trustworthy robot?

Stealth Trader
2.2 5 0 1
Stealth Trader comes with verified backtesting stats, but the duration of merrily three years is not enough to analyze the performance over historical data. In the live testing records on Myfxbook, the developer restricted almost all the important figures and charts from traders, making it doubtful. The owner of the robot fails to provide a good presentation of the strategic approach of the bot. Furthermore, the live trading stats contradict his claims of not using the martingale/grid strategy. Vendor transparency, overly priced, and poor customer ratings should also be considered before investing in the algorithm. The purchase comes with a 30-days money-back guarantee, but according to some user reviews, the company doesn't honor its refund policies.
Stealth Trader comes with verified backtesting stats, but the duration of merrily three years is not enough to analyze the performance over historical data. In the live testing records on Myfxbook, the developer restricted almost all the important figures and charts from traders, making it doubtful. The owner of the robot fails to provide a good presentation of the strategic approach of the bot. Furthermore, the live trading stats contradict his claims of not using the martingale/grid strategy. Vendor transparency, overly priced, and poor customer ratings should also be considered before investing in the algorithm. The purchase comes with a 30-days money-back guarantee, but according to some user reviews, the company doesn't honor its refund policies.
2.2 rating
2.2/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    2.0 rating
    2/5 Bad
  • Trading results
    2.0 rating
    2/5 Bad
  • Reliability
    3.0 rating
    3/5 Neutral
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • 30-days money-back guarantee

Dislike

  • Vendor Transparency
  • Unsatisfactory trader testimonies
  • OverpricedLess strategical insight
  • The short period of backtesting and live records
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