Forex Robot Reviews

Forex Arbitrages Review And Discussion

This entry is reserved for our official review of Forex Arbitrages. This is a forex product being sold on most likely Clickbank or Plimus for a TBA price. They will most likely offer a refund policy of 60 days no questions asked money back guarantee.

Remember if you are going to try any forex robot and forex system that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of Forex Arbitrages are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with Forex Arbitrages or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

If you want to submit a forex product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.

Check out Forex Arbitrages Here

31 Comments
  • samuel - Posts:
    August 16, 2013
    Reply #1

    arbitrageforexea.com and mam fx robot ea is a scamm!!!!!!!!!!!!!!!!!!!!!!!!

  • Buzz - Posts:
    July 15, 2011
    Reply #2

    If anyone in this review section doesnt mind, send me the MAnual on this
    product and a copy of the software….I will set it up on two computers and DEMO
    the heck out of it…..For a Real World Review that Iwill bring back here…..
    Email me at bizzytiger@sbcglobal.net

  • Jens holck Jensen - Posts:
    June 10, 2011
    Reply #3

    just got this e-mail from clickbank:

    Dear jens holck jensen, This email confirms that your purchase from ClickBank.com has been refunded.This refund will appear on your statement as “CLICKBANK” or “CLKBANK*COM.”

  • Jens holck Jensen - Posts:
    June 10, 2011
    Reply #4

    I got the same reply from click bank, exact the same wording. FA is using auto responder to reply buyer that ask for refund. Just insist on refund, you should get your money back. Don waste time on this ea.

  • Tim - Posts:
    May 16, 2011
    Reply #5

    bought 3 weeks ago and set up on GBPUSD made 11k in 10 days only on sell options, I have been asking support for reason why no buy options but to no avail. I am looking at placing on EURUSD as well, but arbitrage has not placed single option yet, only arbitrage plus. Always seems to be first thing in the mnorning and then waits all day well in the red until late afternoon as the market closes in europe, EURo drops and comes into profit on the trade, very scary all the time, but seems to pay. Have run with all limits off for 2 weeks now, no loss trades as it will not follow the stoploss orders. I have in 2 instances had to stop it myself and close an order as it was starting to trend the wrong way. All profitable, but really scary ride. Not a sensible option for people without massive funding behind them.
    I started with an account of 50k, left with 65k so good result for 11 days final trades, but not a safe EA to use.
    Tim

  • Bob - Posts:
    May 3, 2011
    Reply #6

    Hey Harding if you see this will you email me, we need to talk about Arbitrages. argonot@bellsouth.net

  • Brisi - Posts:
    April 21, 2011
    Reply #7

    I contacted them direct and you cannot talk to this David Quinn they are limited on there answers, and Im under the impression that this is a con do not buy this product its crap leave well alone

  • SGB - Posts:
    April 15, 2011
    Reply #8

    Agree with other comments… Forex Arbitrages EA is real piece of c****! It doesn’t even look for arbitrages. It is just your basic five pip “scalper” on the EURUSD 1M chart. The “so-called” Manual program only looks for trends on higher time-charts and then you’re supposed to place the trades yourself. There is no explanation or rationale provided, just a generic installation pdf booklet for the Basic, Plus and Manual versions of the software.
    I will be asking for a refund immediately because the advertising is completely misleading, even the very name itself is not representative of the product.
    Total garbage – almost consider this EA should be given a “scam” rating. What do you think?

  • srdalt - Posts:
    April 14, 2011
    Reply #9

    SCAMMMM..
    Here are my emails fo refund.. Still waiting..
    This is my fifth mail to refund me..
    Refund me please..otherwise I’ll share all these mails in some forums, chat rooms, etc. with my opinions..

    > Date: Tue, 12 Apr 2011 09:01:58 -0500
    > From: support@forexarbitrages.com
    > To: srd.alt@hotmail.com
    > Subject: RE:
    >
    > Hi,
    >
    > orex Arbitrage has proven to provide its user with high and long term
    > profits. If your results
    > are different than ours we can review your settings and examine the
    > chart you attached the
    > robot to. If you would like us to review your settings you can copy
    > the settings or email us a
    > screenshot of the inputs tab and the chart you attached Forex
    > Arbitrage to. Our address:
    > support@forexarbitrages.com
    >
    > If you proceed with the refund request, Forex Arbitrage will become
    > inoperable on your
    > computer and you will be excluded from our customer list, who will
    > receive free life time
    > upgrades whenever market conditions change and when Metatrader 5 is
    > officially released.
    >
    > Quoting serdar altintas :
    >
    > >
    > >
    > > Still waiting to refund..
    > > Please refund..
    > > Remember that you sad ” 100% No guestion Asked Money Back Guarantee”
    > > From: srd.alt@hotmail.com
    > > To: support@forexarbitrages.com
    > > Subject: RE:
    > > Date: Wed, 6 Apr 2011 16:45:03 +0300
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > > Arbitrage philosophy in general meaning never risk more
    > > than 4-5 pips but in your siystem some times my lost position strikies
    > > -70-80 pips and MAYBE finally -100 pips.
    > > Thats way this is risky for me. I never thought that risk more than 4-5 pips.
    > > Thanks..
    > > Refund please..
    > >
    > >> Date: Wed, 6 Apr 2011 01:05:34 -0500
    > >> From: support@forexarbitrages.com
    > >> To: srd.alt@hotmail.com
    > >> Subject: Re:
    > >>
    > >> Hi Serdar,
    > >>
    > >> Forex Arbitrage team is sorry to know you are not satisfied with our
    > >> service. You can join the hundreds of traders that achieve high
    > >> returns and continuous account growth if you let me assist you with
    > >> solving any technical difficulties you may have encountered or answer
    > >> any question you have. Please let me know the reason you are not
    > >> satisfied with the software and we will do my best to solve this
    > >> immediately.
    > >>
    > >> Quoting serdar altintas :
    > >>
    > >> >
    > >> > Hi..
    > >> > I’m not satisfied your Arbitrage system.. So risky for me..
    > >> > Please refund.. Thanks..
    > >> >
    > >> > PayPal=srd.alt@hotmail.com
    > >> >

    • ET - Posts:
      April 29, 2011
      Reply #10

      I got the same reply from click bank, exact the same wording. FA is using auto responder to reply buyer that ask for refund. Just insist on refund, you should get your money back. Don waste time on this ea.

  • Harding - Posts:
    April 11, 2011
    Reply #11

    Hi
    I have a completely different starting point for these two ea
    Both should trade on the eur usd, but this is the worst pair
    I have added six other pairs to arbitrage +and I have since last night made ​​over $.
    1000 I have closed the trade way before it reached limit but when there was a suitable profit.
    What is rare is that only sell orders are executed
    The recommedation for limit of 5 I do not understand because it looks like limit is around 40 points so I have revised this down to 3 and will see what happens.
    Try different pairs and do`t go for a refund too fast.
    But you need to use the arbitrage+ the other one are not trading

  • Dazza - Posts:
    April 11, 2011
    Reply #12

    SCAM!!! I’m also on my third attempt for refund. Tech support keeps changing status to ‘tech support’. So much for no questions asked refund. I will make sure I get mine though. Don’t waste your time anyone, and if you have, please make sure you get a refund!

    • arujin - Posts:
      April 11, 2011
      Reply #13

      Hi Dazza , if you purchase through plimus change your ticket to ‘escalate’ to make them to get your refund. Bs with ‘tech support’ or ‘vendor response’.

  • dkchan01 - Posts:
    April 9, 2011
    Reply #14

    Just my two cents worth about this EA. Downloaded the EA using THEIR recommended broker and after 3 days not a single trade. Ran it on two additional brokers, running now on three brokers, and still not the first trade. Contacted support and their answer was to use the settings in the manual and use their broker, which I had already specified in my email. After the support “run around” I began my “quest” for a refund and it took over four email to finally get a refund ONLY because Clickbank stepped in to resolve. Finally received refund but from my vantage point this EA is a load of horse droppings! DO NOT WASTE YOUR MONEY OR TIME!!

  • John Morris - Posts:
    April 7, 2011
    Reply #15

    This software is a complete SCAM! DO NOT Buy This! We have tested the software and it’s complete garbage. We requested a full refund for 3 times and it was denied. We escalated to paypal and clickbank and here’s what they did. They changed the “status” of the clickbank refund ticket from “refund” to “tech support”. A clickbank staff member had to change the status back to refund and issued the refund immediately. I just wanted to share this to help prevent the same that happened to me to happen to anyone else. Thanks.

  • Roy - Posts:
    April 4, 2011
    Reply #16

    David, I did everything you recommended including using “Pepperstone” as the broker but I have a situation which I cannot understand. My demo account has closed 452 yes 452 trades and EVERYONE is the same. All sells and all from Arbitrages plus AND ALL are losses to the tune of -1552 dollars. Not one gain and all this in one day. Now if you can change something in the programing so it does just the opposite, I can make some real money real consistently. How do we reverse this?

    Above is a copy of a message I sent, today, to Dave Quinn which explains what is happening with his product. The regular EA has not made even one trade but the advanced version has made 450 in one day averaging $3.50 loss per trade. All are consistently the same, sells and closing as a minus. If someone out there knows how to reverse the program I could have made $1500 in one day starting with $3000 and no losses. Good thing I’m on a demo account.

    • Jonny - Posts:
      April 7, 2011
      Reply #17

      OK, this is yet another dangerous thinking some traders have. What is the TP and SL? Just “reversing the logic” won’t make it profitable. This is rather dangerous thinking.

  • arujin - Posts:
    April 1, 2011
    Reply #18

    I think this forex arbitrage is just another version of the pushbuttonpips ea, which uses the difference of currency quotes from different brokers to make the supposed “profits”. I have tried the pushbuttonpips ea but it didn’t work because I couldn’t find the right pairs of brokers. Maybe the right pairs doesn’t exist? I got my refund from clickbank.

  • GP - Posts:
    April 1, 2011
    Reply #19

    Thinking that this could work means not knowing what you are doing. The concept of arbitrage in the fluid forex markets has to be fundamentally impossible due to the constantly changing spreads – it may in fact be possible to enter a trade when a positive arbitrage exists, true, but next to impossible to maintain same – tons of hedging would probably be required (now not even allowed in US accounts); and even if it were technically possible, the method would not be for sale for $47 and a very, very large trading account would also be necessary to even achieve one successful outcome.

  • Tom - Posts:
    March 31, 2011
    Reply #20

    Hello, Just wanted to thank all of you for your input. I have always wanted to try arbitrage but never had the capital to pull it off or make it worthwhile. When I received their sales letter I sent off a few short questions to support which has not received an answer as of this writing. I noted upsells mentioned on the affiliate page. Big red flag in my book. If they cannot be up front and honest in the sales letter, why should their product be? Did anyone purchase the upsells? Anyway, I really like the idea………too bad the reviews were not more positive. One definitely gets the feel of on-line marketers trying to get into our pockets with a great sales page and a lame idea. Thanks again for all of your inputs…….Tom

  • Geoff - Posts:
    March 30, 2011
    Reply #21

    I purchased this system today, when I got the dowload it was for a different system called Arbitrage Spy. I contacted support but so far they have not responded.
    I looked at the Arbitrage Spy sight and noticed thet this site and ForexArbitrage sites are almost identical, also the picture of the vendor Chris Archer is the same picture as David Quinn the vendor of Forex Arbitrage. Strange!!

    Finally when I tried to leave the Arbitrage Spy site the usual sales person box opened, when I asked her are David Quinn and Chris Archer the same person she would not answer, when I then asked her why I had rec’d Arbitrage Spy when I purchased Forex Arbitrage she again refused to answer.

    You like me will have to draw your own conclusion regarding this. I cannot comment on whether Forex Arbitrage works because I have not be able to access it yet. I think I will contact Clickbank for a refund.

    • Jonny - Posts:
      March 31, 2011
      Reply #22

      I am sure you know it as well, but they are all actors just as Marcus of Forex Auto Pilot is an actor. You pick an actor from the list, send them the script, they read it record it and send the HTML file so that you can upload to your site. They are all actors.

  • Jonny - Posts:
    March 30, 2011
    Reply #23

    $47??? Give me a break. Another ClickBank EA fraud. Why do people keep asking irrelevant questions??? This is pure crap. And you only need your broker account to run this… according to their crap support, they are running the brokers info on their server and it compares that to your broker price feeds. You are not signing up for 200 broker accounts and running 200 MT4 platforms. This notion is so ludicrous and the price makes it utterly ridiculous.

  • tester - Posts:
    March 30, 2011
    Reply #24

    hi
    i bought yesterday this EA. it is already installed and lets see how it works. i also sending yesterday an email to the support questioning how this EA can work as arbitrage as i only have one current account. the only idea i have: they compare my platform with some of theres and try to do so a sort of arbitrage. it looks strange. i let the EA work one month. if no profit (as promised) i take back my money.
    TP is recomended by 5. that is ok so. if the EA trades 5 times a month….would be ok.

    tester

  • Phoenixrising8 - Posts:
    March 29, 2011
    Reply #25

    Well had a reply from support.
    “Thank you for your reply.

    The Arbitrage is done automatically, on-site, by checking prices between your broker and our accounts. We can anticipate the moves of currencies in this manner and help you trade and win!”

    How this is ‘arbing’ I don’t know. Unless it waits until your eur/usd price from your single broker is at a more favourable price than the ones being checked by the arbitrage people. In which case when the time comes to trade you will only get a better entry price. How much can this be? 1 pip, 2 pips, 5 pips?

    • Capella - Posts:
      April 3, 2011
      Reply #26

      Well, they are lying, as I have decompiled the EA and know how the program code look like. The trade is based on a combination of different technical indicators ONLY, and there’s no communication between the program and any other sources. I’vre also backtested the EA with diferent settings, and it always ends with one or several huge losses that wipes out the account. Beware!!!

  • Phoenixrising8 - Posts:
    March 29, 2011
    Reply #27

    I was intrigued by this EA. The ‘blurb’ didn’t give enough insight into how it worked, so I emailed the support.
    “Hi.
    With your system if it scans the brokers automatically, do you have to have accounts set up with hundreds of brokers before hand. (With money deposited in each one so you are ready to trade)?

    Kind regards.”

    “Thank you for contacting Forex Arbitrage Support Team.

    The Forex Arbitrage system was hard to design, but it is easy to use. Just install our software according to the manual, attach our expert advisor to your EURUSD 1-min chart and you are good to go. The software itself will be able to gather information from our accounts and your account and make incredibly profitable trades!

    We have found that you can achieve the very best results by trading with Pepperstone broker. You can use the link below to download: http://pepperstone.com?a_aid=discount

    Should you have any other questions or comments, don?t hesitate to contact us!”

    Well I did have another question.
    “Thanks for the quick reply.
    Am still a bit confused as to how it works though. Obviously I don’t want you to send the code over so I can take a look. But if it works on just one broker. (And thanks for giving me the heads up on Pepperstone. They look pretty good) How does the ‘Arbing’ come in?

    I understand arbing as playing one brokers prices off against another with the intent to profit from the difference in prices.
    Can you explain a bit further for me please?

    Kind regards.”

    No answer from support after 2 days and nights.
    “Hi Guys.

    Do you have an answer for me yet?

    Do you need accounts set up with different brokers to take advantage of the ‘arbing’ op. Or is this just really another scalping ea for eur/usd?

    Kind regards.”

    So far no answer to this e mail after 24 hrs.

    Conclusion.
    This is not as advertised. It is not an arbing ea. If it were you would have to sign up to at least 2 brokers. 20 would be better. But to fund 20 accounts???
    The only good thing to come out of this is I have signed up to the recommended broker because they have really tight spreads and look pretty decent. As for the EA?
    Can only put it down as a eur/usd scalping ea and a thinly disguised attempt at a rip off as support have not been very supportive and are not answering simple questions.

  • Capella - Posts:
    March 28, 2011
    Reply #28

    What a strange name for an EA that doesn’t compare broker prices to make real arbitrage orders. It only uses 5 different indicators in a stramge combination to decide when to close and buy or sell. And the large combination of indicator-combinations that must be true, generates very few trades (just a few per month). I’ve tested the Strategy Tester with different settings, and the EA always ends up with drawdowns.

    I don’t recommend anyione to buy this product, and I will ask for a refund from clickbank.

  • MR. MNY - Posts:
    March 28, 2011
    Reply #29

    I too would like to know how many brokers do you have to be signed up with for this to work.

  • peelie - Posts:
    March 28, 2011
    Reply #30

    how many brokers do you need to use this product?

  • lloscarri - Posts:
    March 27, 2011
    Reply #31

    Just bought today and let see this week how it works!!!

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