You can find trading systems by the dozen nowadays. In an era where technology has created limitless opportunities to invest and grow money, companies and individuals are both scrambling to make products and services to accommodate this new demand and paradigm shift. One of the tools that is strongly marketed online is Ultimate4Trading. Is it worth it? Here’s an in-depth review that will help you figure out the answer for yourself.
What is Ultimate4Trading?
Unlike most financial products and services that have been created and experimented on in million-dollar laboratories of hedge funds and investment groups, Ultimate4Trading online trading tool has a very humble beginning. It was spearheaded by four undergrads who wanted to find the Holy Grail system in trading, one that can precisely predict market direction of different assets.
As a result of their brainpower and unshakable attitude, the undergrads created the Ultimate4Trading app. However, instead of just one algorithm producing the actionable signals, the tool now offers multiple signals based on a number of complex formulas. With the app, the group claims to teach traders of all skill level and experience a profitable system in trading binary options and other financial assets.
How Does it Work
Despite the assumed complexity of Ultimate4Trading, the trading tool is a simple binary options system that produces signals made for either 1-minute contracts or traditional high-low contracts. A minor flaw, which the app’s description and marketing content may lead you to believe otherwise, is that trades are not automatically taken. Rather, a trader must wait for the system to produce signals and then execute the order themselves.
What is automatically inputted by the system is the amount you wish to trade, which bases it on your default number. Since manual execution is necessary, traders who are limited by time can find the system to be less profitable and may even cause them to lose money. Still, the ability to place trades with a single click remains a convenient feature for any day trader.
Is it a Scam?
Is Ultimate4Trading scam? While there are many traders whose comments and reviews about the product will lead you to believe that the app is indeed a shady scheme, Ultimate4Trading is legit. What is damaging the brand’s reputation is their confident promises of a steady income stream.
There is a nifty demo account you can try the system with. However, keep in mind that results you get from a demo account is not indicative of future results on a real live trading account. It is simply a way to familiarize yourself to the user interface as well as the trading signals in action. There are a set number of allowed trades you can make on your demo account before you are given the option to open a live account.
Ultimate4Trading tool is as legitimate as most of the trading systems out there today. However, to avoid real life monetary losses, avoid getting swayed by the marketing hype. Trading, like any other business, is not a get-rich-quick scheme. Acknowledge this fact and you are one step closer to your goal of becoming a profitable trader.