In today’s review, I’m analyzing a Forex robot that promises to provide traders with the fastest way to turn $70 into $2 million in 30 minutes, Assar V10 by AssarOfficial. This is the most asinine claim I’ve ever seen in the Forex market, which is not a good introduction to any product. Maybe this is just a marketing tactic to get more attention, and for that reason I’ll try not to prejudge the software immediately, but I’d be lying if I said this was a positive first impression.
The developers of the software claim to be “an elite group of Forex hackers.” With that being said, they do not provide us with any information about their location, or Forex trading experience. For some odd reason, they provide a direct link to their web designers fiverr page, which I find quite unprofessional. In order to get in touch with support, traders can email email@example.com.
The main product promoted by the AssarOfficial team is their Assar V10 Elite Pro Forex Scalper. I’m not sure if it’s because this group is a bunch of skeptical hackers, or if it has something to do with the strategy, but the development team hides just about every feature the EA has to offer. They provide hidden stoploss, hidden take profit, hidden lock in profit, hidden classic trailing stop loss, hidden jump stop loss, hidden step-by-step trailing stop loss and hidden keep distance trailing stop loss. So, while there are a multitude of different features, the main point that the developers want to make about these features, is that they are hidden from the brokerage at all times.
Despite providing us with a list of many different features, the development team does not provide us with any specific details about the strategy. Before getting involved with any Forex trading software, I’m always interested to know what the trading approach and methodologies being utilized are. In this case, there are no specifics about the expert advisor, and just vague explanations of how to become a more successful retail Forex trader.
Assar Elite Pro Forex Hedge Master
The AssarOfficial group are consistent with the marketing of their other Assar V10 EA, the Forex Hedge Master software. The developers claim that this software “will give you the skills to be a professional Forex hacker.” Yet, the sales page again leaves us wanting a lot more information. The development team does a very poor job at providing detailed information about the expert advisors, which makes it hard to believe that they have a large amount of trading experience.
I’m not sure if we are dealing with professional Forex traders, Forex hackers or just someone sitting behind their computer for the first time. This vendor needs to do a much better job at providing real information about their trading strategies, and systems that they are trying to market to the community.
There is a heavy reliance on YouTube videos, that are highly unorganized, and do a poor job at giving us more insight into the systems. This lack of information is common in this market, as you can see in my latest reviews of PowerfulForex, EOS Forex EA and On Control EA.
- Type: Forex Robot
- Price: $99-399
- Strategy: Scalping/Hedging
- Timeframe: Undisclosed
- Pairs: Undisclosed
The ordering process is just as convoluted as every other aspect of the AssarOfficial web-site. In order to purchase the AssarV10 software traders are required to jump through a bunch of different hoops, where they need to purchase bitcoin from xcoins, and then transfer thse bitcoins to the Assar team. After this is complete, traders have to email firstname.lastname@example.org to receive the software. This is the weirdest payment process I’ve ever heard of, but it’s in line with how this vendor has positioned their product line.
There doesn’t seem to be any trading results available for either of the Assar V10 robots. As mentioned earlier, there are videos that show the software being utilized, but there are no real long-term trading statements to analyze. The vendors are not using any statement sharing services like FX Blue or Myfxbook.
My additional research led me to a Myfxbook page called “TheAssarV10Team,” that was promoted in a forum by the development team in response to their detractors, but this account was deleted.
If you’re purchasing these systems, you are essentially going and blind, because there are no results for either the scalper or the hedging EA.
There are a couple different sources for information in forums where clients aren’t very happy with the AssarOfficial services. Most of the complaints are about support, with some traders claiming that the EA is and profitable in any way.
Considering the lack of trading results, combined with the poor customer feedback, I’m not in a position to recommend Assar V10 at this point in time. Hopefully the developers work on establishing more trust with the community, and providing us with some actual proof that their software works. If they work on these 2 aspects, I will reconsider my judgment.
If you have anything you would like to add to this review, please leave your questions and remarks below the article now.