Arya Trader Review
Arya Trader is a Forex robot developer claiming to leverage on AI trading technology to make over 20K EAs which can be accessed on one trading chart.
There are various subscription licenses. The cheapest costs $30 and runs for 1 month. While this developer sounds professional, they lack real trading history posted on a statement sharing platform such as myfxbook.
We like using Forex robots with real performance on myfxbook.com. We also recommend that traders should only use regulated Forex brokers.
Welcome to the Arya Trader review.
Arya Trader sells multiple licenses for their Forex robots. They claim that their robots are designed with AI technology.
Nearly every Forex service provider is claiming that they work with AI trading tools. Check our review of Win FX, a managed account provider claiming to use AI technology on managed accounts.
Anyway, Arya Trader provides ready-made trading portfolios. Traders who wish to use them can simply create an account on Arya Trader’s website.
Arya Trader also operates or is associates with websites like aryafinance.com and earnpip.com. I’m not sure whether they own aryatrading.com.
They introduce their platform by stating that Arya Trader is a marketplace of more than 20,000 Forex robots.
They claim that their Forex robots are stable software that “work with the highest level structure in the Forex robot series”.
The meaning of the above statement doesn’t come out quite clearly.
In fact, there are lots of grammar errors on their website and this makes it a bit difficult to understand their explanations.
However, Arya Trader website is providing a lot of text on their website including demonstration videos to help the community understand their Forex robots.
Background of this developer is not known yet. However, their Aryafinance.com website indicates that the team is operating out of Bulgaria.
This explains the poor grammar on their website but as long as we can grasp the main idea, this shouldn’t be a problem at all.
Arya Trader review
These Forex robots are designed to work on the MT4 trading software.
The developer claims that the Forex EAs don’t scalp and hence will be allowed by all MT4 brokers.
They promise the community that they’ll soon produce Forex EAs for MT5 trading platform as well.
Arya Trader EAs are allegedly equipped with multiple options that make the work of a trader easier.
For example, if traders have no idea which robot or set of robots to use, they can enter their account balance, lot size and profit target.
This action will in term reveal which Arya Trader EAs are the best for those requirements.
The developer also tells us that we can combine two or more Forex robots to produce ready-made portfolio.
Selection of the Forex robots can also be done based on risk levels. Recommended account balance for getting started with these EAs is $500.
Arya Trader lists a number of advantages associated with their EAs. They claim the following:
- More than 20k robots on one platform
- Selection and deletion of robots is possible based on trader’s preference
- Minimizing of risk by opening one trade at a time (no multiple positions at once)
- Broker-friendly (no scalping)
- Helpful video demonstration showing robot’s functions and portfolio-adding options
There are 4 licenses in total which are sold via the Click2Sell affiliate platform.
It appears these Forex robots by Arya Trader have multiple useful options but again, additional information about trading logic would be appreciated instead of saying the robots use AI technology for trading.
While it’s true that the developer had demonstrated what the robots do and how they do it (using short video clips), there is some vagueness in the way that information has been presented.
They only demonstrate how the robots make entries, exits plus how to install and add portfolios.
There are several video clips that show the working of the robots in form of chart indicators.
But this is no concrete information to explain the procedure behind their alleged success of Arya Trader Forex robots.
Arya Trader Review: Licenses
In addition to the above licenses, Arya Trader is offering a free signals app for Windows desktop. This can be downloaded directly from their website.
While the above licenses can be said to be quite affordable (a good Forex robot costs $200 on average), the community would need much more to be convinced that these EAs are worth their time and money.
The basic license costs $30 and runs for one month. I think the vendor is treating this license as paid trial.
In case traders don’t want to commit much upfront, they can use this license to test the robots and if they’re good, they can perhaps extent to a 6 month’s license.
Generally, I like it when FX robot developers are putting their money where their mouths are.
While we understand that this team is focused on building Forex robots, we should also see an honest attempt to demonstrate that their robots are good enough to warrant people to pay for them.
In that case, a myfxbook account could come handy.
It would allow us to see how the robots perform on a live account settings in addition to the profit figures posted in every 30 days.
Unfortunately, Arya Trader is only showing us videos of supposed trading performance.
I do not expect them to be 100% transparent because a developer selling a Forex robot cannot do a good job providing trusted performance unless they use a platform like myfxbook.com.
I usually add a section for customer feedback in every review that I write.
However, the reason I missed that section today is because Arya Trader does not have any customer reviews at the moment.
While I appreciate the effort that the developer used to make their presentation, I would really like to see feedback from real users, i.e how their accounts grew, what draw down they experienced etc.
At the moment I’m seated on the fence when it comes to deciding whether or not Arya Trader Forex robots are worth the investment.
Thanks for reading this Arya Trader review. If you’ve used their Forex robots before, please leave your comment.