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Trading Review: USI Tech

Today I’m reviewing a company that is dedicated to automated Forex trading systems, USI Tech. According to the sales page the creators of the system have been around for 8 years and have released “more than 100 software versions with different characteristics.” I’m not sure where they have been releasing these products, but it can’t be on this website, because it was just started a little over a year ago. I’m not sure if they are trying to fool us, or if they’ve truly been developing the systems for a long period of time under a different name or without a website.

The company is registered as USI-TECH Limited, and is located in Dubai with a corporation registration number of ICC20160282. There is no access to to the full address of the company, but traders can get in touch with support by filling out a contact form located in the navigation bar at the top of the website.

USI Tech Review

The website is quite strange, in that USI Tech provides there is little in terms of straightforward information. I find it quite difficult to determine what they are actually offering the marketplace because their approach is so different. Yet, there are a few sentences that mention that they are focused on Forex expert advisors developed for the MetaTrader 4 platform. When dealing with systems like these I am used to seeing much more focus on the strategy, the results and the pairs being traded. None of this information can be found at the forefront of this website, which makes it very different from most of the other automated tools that I review on a daily basis.

They tell us that they utilize a top class development team that “has over 20 years of experience,” but we aren’t introduced to any of these traders. So, while it sounds great, we aren’t able to verify the strengths or weaknesses of their development team. In fact, we have no idea who is developing the software, and what type of trading approach they look to utilize.

Breakdown

  • Type: Forex Robot
  • Price: Undisclosed
  • Strategy: Undisclosed
  • Timeframe: Undisclosed
  • Pairs: Undisclosed

This is the first EA that I’ve ever come across that doesn’t give us a any information about the price, strategy, time frame or pairs being used. This is not a positive aspect, and if the USI Tech developers want to be taken seriously, they need to resolve these issues. I’ve tried to register to gain access to the members area, to see if there is more information there, but the registration page is currently not working. This is another red flag.

Trading Results

The most important part of my reviews, is always the trading results section. This is because, the trading results section is where I can truly analyze an EA and determine whether or not it’s going to win in the short and long-term. Sadly, USI Tech does not provide us with trading results at all. Instead, we are told that they have “managed to obtain a profit of up to 150%,” for their customers. This statement is never qualified, or proven in any way. We don’t know the time frame in which this 150% profit was gained, and we aren’t shown any results that would be able to prove this as true or false.

The bottom line here is quite simple, the developers of this system are not providing us with any real information about the software. In cases like these in the past, it generally turns out that the product is very poor, and that the developers have little to no knowledge about the Forex trading marketplace.

Feedback Online

There are some very damning complaints about the USI Tech company available online. In the bit coin talk forum, there is are a few different users claiming that the owner of this company “was arrested in 2014 in Portugal for running a Ponzi scheme,” where he was offering 10% a week. According to these claims, people are saying that these now banned from running a company in Portugal after stealing millions.

The main concern, is from people that believe that this is also a Ponzi scheme following the same sort of methodology seen in the past by this nefarious character.

The description of the services is also much different in the bitcoin forum, than it is on their website.

Conclusion

After reading many of the allegations from other traders regarding the USI Tech service, I’m certainly concerned and scared off. I can’t see myself signing up with the system, that has such a large black cloud around it. I don’t know if any of these claims are true or not, but they are certainly concerning enough to make me want to stay away until more information comes to the service.

Please let me know what you think about this service, and if you’ve tried it I’d love to hear your experiences.

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

2 comments

  1. So over the last 6 months, i have been intrigued by crypto currency, i began trading on IG, but i found that i recorded quite a lot of losses, but also if i held my equity in there i would have to pay huge holding fees. So i came across this platform that trades for you called USI-Tech for people that do not know what it is, this video explains it https://www.youtube.com/watch?v=Uu86vms1hJM.

    So 3 months on i started with 20 packages which is roughly about 800, currently i am sitting on 110 packs which is roughly around 4,400 worth. In the group for USI-Tech i see that people are making some serious cash out of it and in fact some millionaires. What do you think, if Bitcoin goes to 20,000 + as predicted it really could be life changing as with USI you earn 140% in 140 working days therefore you benefit for the appreciation of the Bitcoin but also the extra 140% plus each pack you receive an ice to their crypto currency which will at least trade at $10 per coin, i currently have 30 tokens . Is a win win right because if i am holding it i may as well make a little bit more on the side also, for anyone that wants to have a look https://r94usi.usitech-int.com

    what does everyone think, should i sell now or wait and see how it does

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