Ivybot Reviewed - Has Anyone Else Been Ripped Off?
Hi All,
I recently purchased Ivybot for $149, as an automated forex trader. For those of you haven't read all the hype or used/trialled it yourself, here is a quick synapsis of what it does. Ivybot is forex robot that can trade on four currency pairs. You get a specific bot for each pair. It then trades on those pairs by either buying or selling the primary currency of that pair. It then stops those trades at an internally predetermined point, and hopefully makes a profit from that trade.
Since loading it into a demo trading account, it has made just six trades on one currency pair and none on the other three. Of these trades, it has generated $23 profit against four trades and $460 loss against two trades. Thank God it's only a demo account and not a real account.
Now you could argue that it's just bedding in, and will settle down after a short period. However, I purchased this, shortly after it was released to the public, well over a month ago.
To get support you have to log in to the members' area, which is normal for most products. However to log in to the members' area, you have to go through the sales page. Support is through email only, unless you opt for the premier sale at time of purchase, and it takes some time for them to reply. Possibly from all the support questions they keep on getting. I'm still waiting for a response to my query on why the bots are not trading, or doing their damnedest to lose the funds in the account.
I will be asking for my money back on this one. I also implore you not to waste your own money in purchasing Ivybot if you are considering it. If you've already purchased it, I hope that you have had a better experience than I have.
I recently purchased Ivybot for $149, as an automated forex trader. For those of you haven't read all the hype or used/trialled it yourself, here is a quick synapsis of what it does. Ivybot is forex robot that can trade on four currency pairs. You get a specific bot for each pair. It then trades on those pairs by either buying or selling the primary currency of that pair. It then stops those trades at an internally predetermined point, and hopefully makes a profit from that trade.
Since loading it into a demo trading account, it has made just six trades on one currency pair and none on the other three. Of these trades, it has generated $23 profit against four trades and $460 loss against two trades. Thank God it's only a demo account and not a real account.
Now you could argue that it's just bedding in, and will settle down after a short period. However, I purchased this, shortly after it was released to the public, well over a month ago.
To get support you have to log in to the members' area, which is normal for most products. However to log in to the members' area, you have to go through the sales page. Support is through email only, unless you opt for the premier sale at time of purchase, and it takes some time for them to reply. Possibly from all the support questions they keep on getting. I'm still waiting for a response to my query on why the bots are not trading, or doing their damnedest to lose the funds in the account.
I will be asking for my money back on this one. I also implore you not to waste your own money in purchasing Ivybot if you are considering it. If you've already purchased it, I hope that you have had a better experience than I have.
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