Today I’m looking at a new automatic trading strategy that offers copy trading and signals, 4X Clone. The developers behind the software tell us that it’s been “back tested 6 years with thousands of algorithmic thresholds and variables to give you the unfair advantage when trading Forex.” The service utilizes secure cloud servers, and trading robots to provide the signals. Then, they have a team of live traders that monitor the performance and enter those trades into the system.
The location of the Clone offices are not provided, that their server is located in England. To get in touch with the support team you can either email email@example.com or call 1(844)4XCLONE 492-5663.
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4X Clone Review
The 4X Clone sales page is quite empty, in comparison with most other Forex products. There’s little to no information about the strategy being utilized and we aren’t introduced to the traders behind the product.
There is a short YouTube video disguised as a news broadcast, telling traders that they need to stop spending money on gurus and education programs. Instead, the broadcast tells us that we should use a trade copier to earn 30%+ profit per month. The video really rubs me the wrong way. This type of video reminds me of binary options products, because it actually uses a bunch of actors that are prevalent in binary trading videos. That doesn’t mean that this product is going to fail, but it makes me nervous because products that don’t provide real information and rely on cheesy sales tactics like this video are obviously concerning.
It’s hard to believe this is as easy as 1-2-3.
My hope is that this product isn’t by the people that spend so much time in the binary options market hurting traders. It would be much easier for me to believe this if the developers introduce themselves and gave us more information about their services.
- Type: Forex Trade Copying/Signals
- Price: $50/mo for Signals, $200/mo for Trade Copying
- Strategy: Undisclosed
The 4X Clone results are lacking. On the front page of the website they tell us that the software has been back tested since 2011 and provides average yearly returns of 430%. Yet, they don’t actually provide us with any real back test data. They show us an image of what looks to be a windshield wiper, and this doesn’t add up. They do have a my FX book profile, but they have never added any systems or trading results to their account.
There is also a results page which seems to be connected directly to their Instagram account. On this account they post images of their trading results, showing every single time that they went to trade. I’m not sure why they have images of fighters on their results page, as well as other unrelated posts.
The only issue with this method of displaying results is that you can easily avoid showing the losers. The developers can take pictures of their winning trades, and avoid showing us the losses. This is why nearly every trading system in 2017 is now using statement sharing services like my FX book or MT4Live.
There’s really only a couple of products on the market, that don’t use statement sharing, and they don’t sell.
It’s really too early to provide a full judgment on 4X Clone, but I’m not sure that I can get on board just yet. I believe that they need to do more in telling us about their system and then showing us how successful it is using a statement sharing service. In a market where everyone else’s providing full transparency, it’s hard to sign up with the only service that isn’t.
Please let me know what you think about 4XClone, and feel free to leave a comment about anything Forex related.