Broker Arbitrage is a Forex trading robot developed by Mark Reid that allegedly uses arbitrage to trade profitably.
What does the product offer?
Broker Arbitrage is a downloadable piece of software that has been designed to trade on the foreign exchange automatically and profitably. Creator Mark Reid provides the software itself as well as a manual that teaches users how to use Broker Arbitrage. Broker Arbitrage is claimed to be able to detect and adapt to slippage and uses stop loss and take profits to help to further minimise the risk.
How does the product work?
Broker Arbitrage works by taking advantage of not just one trading platform, but two. These are Meta Trader 4 and Global Trade Station. Mark Reid says that by using two different platforms the risk is further mitigated. This is presumably down to the fact that two different platforms are more likely to show a margin that is profitable enough to make Broker Arbitrage worthwhile.
What is the initial investment?
Broker Arbitrage definitely isn’t cheap selling for a one off cost of $497 or 3 monthly payments of $179. Each of these come with a 60 day money back guarantee as well as a further extension that continues the guarantee for a full year should trading with Broker Arbitrage prove unprofitable. If at the end of the year you haven’t made money you not only get your money back, but you receive $100 from Mike Reid.
What is the rate of return?
Mike Reid claims that by starting with a deposit of $3,780 he was able to use Broker Arbitrage to turn this into $239,485.50 in just 3 months.
As far as Forex trading robots go, Broker Arbitrage seems to be one of the better options that I have looked at. Mike Reid presents plenty of evidence of the software’s abilities (including an actual live trade rather than a jump cut) which offers some reassurance. Arguably my biggest concern about Broker Arbitrage lies in the charts of profits, etc. There is a noticeable downturn over the last few weeks and whilst this could just be a bit of a bad run (which is almost inevitable with any trading or betting system), I would be inclined to keep an eye on this for a few weeks to get a bigger picture. Otherwise Broker Arbitrage seems to have potential.
The idea is solid and the execution seems to be up there too, I just wouldn’t rush out to buy this right now, especially given the high ticket price.