The Fund Trader is a fully automated provider of Forex signals that trades in 18 currency pairs including gold. According to the vendor, this system allows traders to make high returns in a few days without taking the trouble of placing the trades themselves.
While it does let you trade in multiple pairs and promises a high win rate, we can see that the vendor has not shared any link to a verified live trading account. Also, this is an overpriced system using an unknown trading strategy. Our first impression is not very positive and we think this is most likely a scam service.
What is The Fund Trader?
You can trade in 18 major and minor pairs using the signals received from The Fund Trader. It is a fully automated system that avoids using risky strategies like Martingale and Grid. The vendor claims that it is ideal for beginners and can be used with small accounts as well. It is claimed that investing $10,000 could lead to a profit of $2.9 million in 5 years, however, this claim needs to be verified independently.
You can get started with a balance of $250. There is the option of maximizing the risk and adjusting the size of the trading lots. The trades are kept open for 5-24 hours on average.
Official The Fund Trader Website
A large part of the presentation involves marketing language and it seems the vendor is desperate to sell their product. We have a video showing how the system functions, along with several screenshots from Myfxbook showing yearly and monthly profits. The vendor also provides some information about himself and shares the pricing details.
This EA is sold by the LeapFX team. The trader generating the signals is a person by the name of Gordon Francis. He claims to be a full-time trader who used to work at a trading firm based in London. There is no way we can verify this information, however. The LeapFX team has developed other EAs in the past, such as AX Trader, Easy Money X-Ray Robot, Trade Explorer, and others.
How Can We Use The Fund Trader?
This system copies trades placed by Gordon Francis into your account. The entry and exit points remain the same. Apparently, the trader performs fundamental and technical analysis to determine the entry points and direction. For exits, a semi-automated software is used.
Pricing & Refund
The 3-month and yearly membership plans for this signal provider are priced at $297 and $597, respectively. This is too expensive for a signal provider, no matter how efficient it claims to be. The vendor offers a 30-day money-back guarantee for this product.
We don’t know what kind of trading strategy is used for generating the signals, since the vendor has provided no explanation for the same. Many Forex dealers might take the lack of strategy insight as a major red flag.
This is a demo account that was active from May 12, 2021 to June 10, 2021. It should be mentioned that we found this account after doing our own research because the vendor has removed the link from the official website. This is odd and we think they are trying to hide the bad performance of their system.
This account shows a loss of $1047.04. The daily and monthly gains were -0.53% and -20.49%, respectively. The drawdown was 33, 62%. There is no way we can trust a system with such dismal live trading results. Since backtesting results are not shared by the vendor, we have no way to analyze the historical performance of this signal provider.
What Customers Say
We were not able to find any customer reviews for The Fund Trader on websites like Quora, Myfxbook, Trustpilot, and Forexpeacearmy. It is clear that this EA does not have much of a reputation in the industry.
Summary: Is The Fund Trader a Trustworthy Signal?Summary: Is The Fund Trader a Trustworthy Signal?
Trading Results2/5 Bad
- Money-back guarantee
- Huge losses in live trading
- Lack of strategy insight
- Expensive pricing plans