Arya Trader is a automated Forex trade marketplace letting traders review the performance of over 20,000 robots, and acquire which system that suits their needs. The platform uses a copy trading model so that traders only install a single expert advisor in their meta-trader 4 account, and then select multiple systems to trade through the EA. It’s a very different platform from anything we’ve seen before, and it appears to be a fairly complex undertaking. Today we will be providing a full review, and letting you know if this is the best way to trade with robots in 2020.
The Arya team is a group focused on artificial intelligence technology, with experience and risk analysis, estimation, price modeling, fraud detection, demand estimation and much more. Their goal is to provide advanced technology small and midsize investors to help them compete with big brokers or investment banks. The service launched in mid-2018, but there still doesn’t seem to be any information provided about the developers, their location, or any proof of their history trading in the Forex markets. It would be helpful if the creators of this service provided more detail about who they are, so that the process is much more transparent.
In order to get in touch with support traders can fill out a contact form at the bottom of the sales page. There is no direct email address or phone number provided.
Arya Trader Review
The Arya Trader website is professional looking, consisting of multiple different pages including the robots, portfolio, frequently asked questions, and a section that explains how it works. The service itself is more of a copy trading program, so it really shouldn’t be advertised as a Forex robot. Even though it is an automated trading platform, they use an expert advisor connector, so you are actually getting direct access to an ex4 or ex5 file. This is more of a branding issue, but they should certainly consider focusing on the copy trading market if they want to compete, because traders interested in Forex robots, want Forex robots, not something different.
There are 8 reasons why the vendor believes that their system is an effective way to grow your trading account. These reasons include easy installation, broker compatibility, customer support, reverse transaction features, single trade features and the ability to change robots at any time.
It’s really difficult to complete the strategy section of this Arya Trader review, because they claim to have 20,000 different robots available. So, we can’t go through each robot, and they don’t seem to provide any real methodology about each separate system when you access them. As a whole, the platform is convoluted and confusing. Despite there being multiple pages, and a separate page specifically to how it all works, it still doesn’t add up for us.
Each robot provides traders with general details including the take profit, stop loss, pair, and a handful of other metrics to help traders decide which robot is best for them. Yet, there is really nothing to suggest that these robots are being traded live, or that they have a built-in strategy that can be counted on.
In order to qualify as a best Forex robot a vendor has to prove the software has a viable strategy, and this service is failing to do so.
- Type: Copy Trading
- Price: $30-$495
- Strategy: Multiple
- Timeframe: Any
- Pairs: All
For traders interested in testing some of the Arya Trader robots, they can purchase the software from anywhere between $30 per month, to $495 per year. The $30 plan gives traders access to a single robot for 30 days, with the option to change robots at any time. All of the other plans come with 6 robots. The $60 plan provides traders with 6 robots for a single month. The $295 plan provides traders with 6 robots for 6 months. Lastly, the $495 plan is traders access to 6 robots for 12 months.
The purpose of running more than one robot is that you can create a portfolio different systems all to be traded in your single trading account. The concept is solid, but we are unsure about the overall execution at this point of the review.
Despite there being thousands of different robots available, we have been unable to secure any verified Arya Trader results directly from the vendor. The website provides us with statistics of each system, but none of these accounts are verified by a third-party like Myfxbook. So, we are unsure where these numbers are coming from, and we find it impossible to believe that they are coming from a live account, it does that mean this vendor would have to have 20,000 different live accounts active.
We were able to find a system labeled “Arya Trading” on Myfxbook, but it doesn’t appear to be doing very well. This account is showing a loss of -5.83% with a drawdown of 9.15% since it began trading on December 4th, 2019. This account has placed 72 trades, with an average trade length of the hours and 3 minutes. These trades have an average win of 356 pips, and an average loss of 692 pips.
We can’t say for sure that this system is associated with Arya Trader, but because they don’t provide their own verified results we have to see what’s available. Most actual robots in the market, provide long form trading results, as you can see in our reviews of Renko Scalper EA, FX-Neuro Bot and Odin Forex Robot.
We are really on the fence when it comes to the Arya Trader platform. While we appreciate the ideas they are putting forward, we are unsure if the approach is viable as it’s currently being implemented. The vendors do very little to give any real detail about the robots they provide, and don’t do a good enough job at proving that they can be successful on a verified third-party trading account. Once these issues are resolved, we will revisit the review and consider providing a recommendation.
If you have anything else you would like to add to this review, now would be the time to leave a comment.
Arya Trader $30-$495
- Client Feedback
Arya Trader provide 20,000 Forex robots for their clients to analyze and work with.
High monthly prices
No strategy insight
No verified results