After a meticulous examination of Tradingforex.pro, our ethical assessment leads to a very low trust rating. This is fundamentally due to the inherent conflict between conventional Forex trading practices and core ethical, particularly Islamic, financial principles. The tools themselves, while potentially functional, facilitate an activity widely considered impermissible.
Upon first glance, Tradingforex.pro clearly positions itself as the go-to platform for “highly professional Indicators and Expert Advisor” tools for Forex trading. It paints a picture of automated success, promising to help traders join the elite “10% of winning traders.” However, beneath this polished surface, a deeper ethical scrutiny reveals significant challenges, especially concerning the very nature of speculative Forex trading itself. The site’s allure of effortless profits through automation, while tempting, often obscures the pervasive ethical issues embedded within the conventional Forex market.
Delving deeper into Tradingforex.pro reveals a series of significant concerns, particularly from an ethical and Islamic finance perspective. These aren’t minor footnotes but fundamental issues that challenge the platform’s suitability for conscientious individuals.
Core Problem: Conventional Forex Trading
The primary issue lies in the nature of conventional Forex trading. It often involves elements of Riba (interest, commonly through overnight swap fees), Gharar (excessive uncertainty due to high leverage and volatility), and Maysir (gambling, given its zero-sum, speculative nature). Regardless of the tools’ sophistication, facilitating such an activity becomes inherently problematic.
Transparency Deficit: Who’s Behind the Curtain?
A concerning red flag is the anonymity of ownership. Public WHOIS data shows “REDACTED” or “Data Protected” for registrant details. For a platform dealing with financial tools, this lack of transparency about the entity behind the operation raises serious questions about accountability and trustworthiness. Legitimate financial entities typically operate with full transparency.
Promises of Effortless Wealth
The marketing narrative, with phrases like “automatic experts work even while you’re at the beach or sleep!”, can create an illusion of effortless wealth. This portrayal often downplays the significant risks and the fact that even automated systems require diligent monitoring and adaptation to unpredictable market conditions. Such claims, while attractive, can mislead users into making uninformed decisions.
No Regulatory Oversight in Sight
A crucial absence is any mention of regulatory information. There’s no clear indication of financial regulation or licensing for their services. In the financial software and advisory space, regulatory compliance is paramount for consumer protection and credibility. Its absence leaves users with no clear recourse or oversight.
While our ethical assessment raises significant concerns, understanding what Tradingforex.pro claims to offer is essential. Here’s a look at their advertised features, keeping in mind their application within a conventional Forex trading context.
- Advanced Indicators & Expert Advisors: They boast “highly professional” automated tools (EAs) and analytical indicators for MetaTrader platforms, designed to facilitate currency trading.
- Modern Study Foundation: Claims their indicators are built on “modern studies” rather than outdated methods, implying up-to-date analytical sophistication.
- Forex Specialization: Positions themselves as specialists focused exclusively on currency pairs, aiming to offer the best tools for this market.
- Automated Trading Emphasis: Highlights the “Automatic Future” where EAs handle trading, allowing for hands-free operation and theoretically passive income.
- Safety & Security Assurances: Asserts that their code is secure and their payment processes meet high security standards, along with a “satisfied or refunded” policy.
- Free Trial Opportunity: Offers free versions of their EAs and indicators for testing in strategy testers, aiming for transparency in functionality.
- Dedicated Support & Reliability: Promises 24/7 customer support and claims their tools undergo extensive testing for reliability, based on historical performance.
- High Backtest Quality & Quantitative Analysis: Emphasizes “99.99% Backtest Quality” using advanced methods and tools like Quant Analyzer for in-depth system validation.
Every platform has its facets. While our ethical stance is clear, examining the stated advantages and disadvantages of Tradingforex.pro can offer a clearer picture.
- Offers free trial/demo tools for testing.
- Claims to use modern analytical methods.
- Provides automated trading solutions (EAs).
- Accepts a wide range of payment methods.
- Promises 24/7 customer support.
- Facilitates ethically problematic Forex trading.
- Anonymity of ownership (redacted WHOIS data).
- Lack of clear regulatory oversight.
- Unrealistic claims of easy wealth generation.
- No prominent risk disclaimers.
- Focus on speculation over productive investment.
- Vague refund policy details.
Instead of navigating the complexities and ethical pitfalls of conventional Forex trading, discover sustainable and ethically aligned pathways to financial growth. These alternatives prioritize tangible value, real economic activity, and adherence to principled financial practices.
Invest in professionally managed funds that strictly adhere to Sharia principles, avoiding industries like alcohol, gambling, and interest-based finance. These funds offer diversification and expert oversight, ensuring your investments align with your values.
- Key Features: Diversified, Sharia-compliant, professional management.
- Potential Benefits: Ethical alignment, balanced risk, passive growth.
- Things to Note: Management fees apply, options may be fewer than conventional funds.
Investing in physical properties for rental income or long-term appreciation is generally considered permissible and offers a tangible asset. This can range from residential homes to commercial spaces, providing stability and real utility.
- Key Features: Tangible asset, potential rental income, long-term appreciation.
- Potential Benefits: Stable income, inflation hedge, real asset ownership.
- Things to Note: High initial capital, less liquid, management responsibilities.
Instead of speculating, channel your energy into building or investing in businesses that offer real goods or services. This could be anything from e-commerce to consulting, contributing directly to the economy.
- Key Features: Direct involvement, value creation, innovation.
- Potential Benefits: Substantial growth, aligns with ethical trade, personal fulfillment.
- Things to Note: High risk for startups, requires significant effort and time.
Engage in trading physical commodities like gold, silver, or agricultural produce, ensuring actual possession or clear ownership of the underlying asset. This bypasses the speculative nature of futures contracts.
- Key Features: Tangible assets, hedge against inflation, supports real sectors.
- Potential Benefits: Real value, diversification, ethical trading.
- Things to Note: Price volatility, storage logistics for physical assets.
Perhaps the most fundamental investment is in your own human capital. Acquire new skills, certifications, or pursue higher education. This directly increases your earning potential and problem-solving abilities.
- Key Features: Personal growth, increased earning potential, intellectual capital.
- Potential Benefits: Long-term returns, career advancement, self-reliance.
- Things to Note: Requires time and effort, upfront costs for courses/degrees.
Beyond funds, directly invest in shares of companies certified as Sharia-compliant, operating ethically in sectors like manufacturing, retail, healthcare, or IT services. This gives you a direct stake in productive enterprises.
- Key Features: Direct ownership, potential dividends, voting rights.
- Potential Benefits: Transparency, alignment with values, direct sector exposure.
- Things to Note: Requires thorough research, higher risk without diversification.
Invest your time and resources into creating physical products through craftsmanship or artistic endeavors. From woodworking to calligraphy, this is a direct form of value creation, bypassing speculative markets.
- Key Features: Tangible output, creative expression, direct sales potential.
- Potential Benefits: Self-sufficiency, ethical earning, direct consumer connection.
- Things to Note: Requires skill development, market for niche products.
We’ve compiled a comprehensive list of frequently asked questions to provide clarity on Tradingforex.pro, its offerings, and the broader ethical considerations surrounding conventional Forex trading.

After careful evaluation of Tradingforex.pro, We give it a Trust Score of 0.5 out of 5 stars. The primary reason for this extremely low rating is the inherent nature of Forex trading itself, which, from an ethical and Islamic perspective, is fraught with significant issues. While Tradingforex.pro presents itself as a provider of “highly professional Indicators and Expert Advisor” tools for Forex trading, the underlying activity of speculative Forex trading often involves elements of Riba interest, Gharar excessive uncertainty or deception, and Maysir gambling, making it largely impermissible in Islam. Therefore, regardless of how “professional” or “reliable” their tools claim to be, engaging in or facilitating an activity that contradicts core Islamic financial principles cannot be recommended.
Here’s an overall review summary:
- Website Focus: Providing Forex trading indicators and Expert Advisors EAs for MetaTrader 4 MT4 and MetaTrader 5 MT5 platforms.
- Stated Goal: To help traders be part of the “10% of winning traders” by using automated, statistical tools.
- Key Claims: “No obsolete indicator,” “Forex Specialists,” “Automatic Future,” “Safety” of codes, “Free” tools for testing, “Support” 24/7, “Reliability” through long testing, “Professionality,” “99.99% Backtest Quality,” and “Professional analysis.”
- Payment Methods: PayPal, rechargeable card, debit/credit cards Visa, Mastercard, UnionPay, Postepay, Skrill, Neteller, Bitcoin, Ethereum, Litecoin, Webmoney, @payment.
- Red Flags Ethical/Islamic Perspective:
- Forex Trading Nature: The core business promotes speculative Forex trading, which often involves interest-based transactions Riba through overnight swaps, excessive uncertainty Gharar due to high leverage and market volatility, and a strong element of gambling Maysir given the zero-sum nature and high failure rate 90% losing traders, as even they acknowledge.
- Anonymity of Ownership: The WHOIS data shows “Registrant Name: REDACTED” and “Registrant Organization: Data Protected,” which is a common characteristic of less transparent operations. While some privacy is expected, for a financial tools provider, this raises concerns about accountability.
- Unrealistic Claims: While they claim “99.99% Backtest Quality,” backtest results do not guarantee future performance, especially in volatile Forex markets. The claim that “automatic experts work even while you’re at the beach or sleep” might mislead users into believing in effortless wealth, which is rarely the case in trading.
- Focus on Speculation: The emphasis is purely on profiting from currency fluctuations, rather than any real exchange of goods or services, which aligns with speculative financial activities often deemed problematic.
- Lack of Regulatory Information: There’s no clear mention of any financial regulation or licensing for their services, which is crucial for any entity dealing with financial tools or advice, even if indirectly.
- Generic Contact: While they provide an email, the lack of a physical address or corporate registration details further diminishes trust.
- No Disclaimers: Beyond a generic cookie policy, there are no prominent disclaimers about the risks involved in Forex trading, which is standard practice for legitimate financial education or tool providers.
From an Islamic standpoint, any platform or tool that facilitates participation in the conventional Forex market, as described by Tradingforex.pro, is inherently problematic due to the pervasive nature of Riba, Gharar, and Maysir.
The vast majority of Forex trading, especially highly leveraged retail trading, falls into these categories.
Riba, or interest, is strictly prohibited in Islam, and it is often embedded in Forex transactions through swap fees for holding positions overnight.
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Gharar, excessive uncertainty or ambiguity, is present due to the high leverage and rapid, unpredictable fluctuations, making the outcome highly speculative rather than based on concrete analysis or underlying asset value.
Maysir, or gambling, is evident in the zero-sum nature where one person’s gain is another’s loss, driven by speculation rather than productive economic activity.
Therefore, promoting tools for this activity, regardless of their technical sophistication, is not aligned with ethical financial principles in Islam.
Instead of engaging in speculative Forex trading, consider these ethical and productive alternatives:
Best Alternatives for Ethical Wealth Building:
-
Halal Investment Funds: These funds invest in Sharia-compliant stocks, real estate, or other permissible assets, avoiding industries like alcohol, gambling, and interest-based finance. They offer diversification and professional management without compromising ethical principles.
- Key Features: Diversified portfolios, Sharia-compliant screening, professional management, various risk profiles.
- Price: Management fees typically range from 0.5% to 2% annually, depending on the fund and its structure.
- Pros: Adheres to Islamic principles, professionally managed, potentially good returns, diversification.
- Cons: Returns may not always match conventional funds, limited options compared to conventional markets, fees can reduce overall returns.
-
Ethical Real Estate Investment: Investing in properties for rental income or long-term appreciation is generally considered permissible and a tangible asset. This can include residential, commercial, or even agricultural land.
- Key Features: Tangible asset, potential for rental income, long-term appreciation, inflation hedge.
- Price: Varies significantly based on location, type of property, and market conditions. Can range from tens of thousands to millions.
- Pros: Real asset ownership, stable income potential, can be less volatile than stocks, provides utility.
- Cons: High capital requirement, illiquidity, management responsibilities for direct ownership, market fluctuations can impact value.
-
Zakat-Eligible Charity Platforms: While not an investment in the traditional sense, contributing to zakat-eligible charities is a form of wealth purification and social investment that yields immense spiritual rewards and contributes to community well-being.
- Key Features: Direct impact, spiritual reward, community development, wealth purification.
- Price: Your Zakat obligation 2.5% of eligible wealth or Sadaqah voluntary charity.
- Pros: Fulfills religious obligation, helps those in need, spiritual growth, fosters social justice.
- Cons: No financial return, requires diligent calculation of eligible wealth.
-
Sustainable Agriculture & Food Production: Investing in ethical farming, organic produce, or food processing ventures. This supports real economic activity and provides essential goods.
- Key Features: Real asset, essential industry, potential for long-term growth, supports sustainable practices.
- Price: Varies widely, from small investments in local farms to larger agricultural projects.
- Pros: Contributes to food security, tangible output, environmentally friendly options, ethical production.
- Cons: Subject to weather and market fluctuations, requires specialized knowledge, can be capital-intensive.
-
Ethical Tech Startups Sharia-Screened: Investing in technology companies that provide beneficial services and operate without engaging in prohibited activities e.g., social media platforms promoting indecency, AI for surveillance, interest-based lending platforms. This requires careful due diligence to ensure Sharia compliance.
- Key Features: High growth potential, innovative solutions, impact on modern life, aligns with future trends.
- Price: Varies significantly based on the startup stage and investment round.
- Pros: High potential returns, supports innovation, contributes to economic diversification.
- Cons: High risk of failure, illiquidity, requires deep understanding of the industry and Sharia screening.
-
Direct Equity in Sharia-Compliant Businesses: Rather than funds, directly investing in the shares of companies that are certified Sharia-compliant and operate ethically e.g., manufacturing, retail, healthcare, IT services.
- Key Features: Direct ownership, potential for dividends and capital gains, voting rights.
- Price: Share price per company.
- Pros: Direct exposure to specific industries, transparency, alignment with personal values.
- Cons: Requires thorough research, higher risk if not diversified, market volatility.
-
Commodities Trading Physical, Not Speculative: While commodity futures trading can be problematic due to Gharar, engaging in physical commodity trading or investing in companies involved in the production and distribution of permissible commodities e.g., agricultural products, halal metals for real economic activity can be ethical.
- Key Features: Tangible assets, essential goods, inflation hedge, real economic activity.
- Price: Varies by commodity and market.
- Pros: Supports real economy, tangible value, can be a hedge against inflation.
- Cons: Price volatility, storage and logistics issues for physical commodities, requires expertise.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on our research and information provided by the company. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Tradingforex.pro Review & First Look
Diving into Tradingforex.pro immediately reveals its singular focus: providing tools for Forex trading.
The site positions itself as “The Best Choice, Only For Professionals,” offering “highly professional Indicators and Expert Advisor” tools for MetaTrader 4 MT4 and MetaTrader 5 MT5. The pitch is clear: automate your trading, rely on statistics, and escape the 90% of traders who lose money.
However, this immediate focus raises fundamental questions from an ethical perspective, especially when considering Islamic financial principles.
The very nature of conventional Forex trading, particularly with leverage and overnight swaps, often involves elements that are directly forbidden, namely Riba interest, Gharar excessive uncertainty, and Maysir gambling. This isn’t just about the tools themselves. it’s about the activity they facilitate.
The Underlying Problem with Conventional Forex Trading
Conventional Forex trading, as offered by most brokers, involves spot contracts that are often not settled immediately, leading to overnight swap fees. Digitalkeysbox.com Reviews
These fees are essentially interest paid or received for holding a position, which constitutes Riba.
Moreover, the high leverage involved in retail Forex trading introduces extreme Gharar, making the outcome highly speculative and akin to gambling.
The rapid price movements and the ability to lose more than one’s initial capital contribute to this uncertainty.
Website’s “Professional” Claims Versus Reality
Tradingforex.pro heavily emphasizes its “professional” tools and approach.
They boast “No obsolete indicator,” claiming their tools “derive from modern studies.” They position themselves as “Forex Specialists” focused “only on currency pairs,” aiming to make their products “the best for this market.” While these claims speak to technical prowess, they don’t address the ethical implications of the market itself. Mc-prime.com Reviews
The Allure of Automation
The site promotes “Automatic Future,” stating that “the human hand tends to disappear” in trading, and that “automatic experts work even while you’re at the beach or sleep!” This narrative of effortless profit through automation is a common marketing tactic in the trading world.
It preys on the desire for passive income but often obscures the inherent risks and the fact that even automated systems require monitoring, adjustments, and deep understanding of market dynamics.
More importantly, if the underlying activity is problematic, automating it doesn’t make it permissible.
Lack of Transparency in Ownership
A quick look at the WHOIS data reveals that the registrant’s name, organization, street, city, state, postal code, country, phone, fax, and email are all “REDACTED” or “Data Protected.” While privacy is a right, for a business dealing with financial tools, such a high level of anonymity raises significant trust issues.
Legitimate financial service providers, even those selling software, typically have transparent company information, including registered addresses and contact details, to build credibility and accountability. Utryan.framer.website Avis Et Prix
The “90% Losing Traders” Paradox
Tradingforex.pro openly states: “The truth about forex trading – 90% of traders are losing – How you can be part of 10% of winning traders?” This admission is paradoxical.
If 90% of traders lose, it underscores the extreme risk and speculative nature of the activity.
Their claim to help users join the winning 10% through “statistics” and “automatic experts” is a marketing hook, but it doesn’t change the underlying reality of high risk and potential ethical concerns for the vast majority.
It highlights the zero-sum nature, where the profit of the 10% often comes directly from the losses of the 90%.
Ethical Considerations of “Trading Tools”
When a tool is designed exclusively to facilitate an impermissible activity, the tool itself becomes problematic. While the indicators and expert advisors themselves are lines of code, their purpose is to engage in conventional Forex trading, which involves transactions often tainted with Riba, Gharar, and Maysir. Therefore, even if the coding is sound and the backtesting “99.99% accurate,” the ethical dilemma remains. It’s akin to providing advanced tools for gambling. even if the tools improve one’s chances, the act of gambling remains forbidden. Userq.com Reviews
Tradingforex.pro Cons
When evaluating Tradingforex.pro, the cons heavily outweigh any perceived benefits, particularly from an ethical and Islamic perspective.
The platform’s very foundation rests on promoting an activity fraught with impermissible elements.
Inherent Riba in Conventional Forex Trading
- Overnight Swap Fees: One of the most glaring issues is the prevalence of swap fees interest in conventional Forex trading. When a position is held overnight, brokers typically charge or pay a small interest amount. This interest, regardless of its size, falls under Riba and is strictly prohibited in Islam.
- Impact on Permissibility: Even if a trader attempts to avoid overnight positions, the underlying infrastructure of the conventional Forex market is built on interest-based mechanisms. Engaging with it, even with the intent to avoid Riba, becomes extremely difficult and often leads to inadvertent participation in it.
- Lack of Halal Options: Tradingforex.pro makes no mention of offering tools for “Islamic accounts” or “swap-free accounts” that genuinely remove Riba. Their focus is on the standard, interest-laden Forex market.
Excessive Uncertainty Gharar and Gambling Maysir
- High Leverage Risk: The extreme leverage offered in Forex trading e.g., 1:500 or 1:1000 means a small price movement can lead to massive gains or losses. This introduces an unacceptable level of Gharar, or excessive uncertainty, where the outcome is largely unpredictable and beyond reasonable control or analysis.
- Speculative Nature: Trading currencies purely for short-term price fluctuations, without any underlying exchange of goods or services, is a highly speculative endeavor. It deviates from productive economic activity and often resembles Maysir gambling, where one party’s gain is directly at the expense of another, based purely on chance and speculation.
- “90% Losing Traders” Acknowledgment: The website itself highlights that 90% of traders lose. This isn’t just a statistic. it’s a stark indicator of the speculative, high-risk nature that borders on gambling, where the house or the market makers/liquidity providers often wins, and the vast majority of participants lose their capital.
Lack of Transparency and Accountability
- Redacted WHOIS Data: The WHOIS information showing “Data Protected” for registrant details name, organization, address, contact is a significant red flag. Legitimate businesses, especially those in the financial tools space, usually have transparent contact and registration details. This anonymity makes it difficult to ascertain who is behind the operation and hold them accountable.
- Generic Contact Information: While an email
[email protected]
is provided, the absence of a physical address, phone number, or corporate registration details undermines trust. Professional entities typically offer multiple clear channels for contact and demonstrate their legal establishment. - No Regulatory Oversight Mentioned: There is no mention of any financial regulatory body overseeing Tradingforex.pro or its operations. In the financial software or advisory space, transparency about regulatory compliance is crucial for consumer protection. The absence of this information is concerning.
Unrealistic Expectations and Misleading Promises
- “Automatic Experts Work While You Sleep”: This phrase, while appealing, can foster an illusion of effortless wealth accumulation. Even automated systems are not foolproof. they require monitoring, adaptation to changing market conditions, and can still incur significant losses.
- “99.99% Backtest Quality”: While high backtest quality is desirable, it does not guarantee future performance. Historical data does not perfectly predict future market behavior, and over-optimization to past data can lead to poor real-time results. This claim, without proper disclaimers, can create a false sense of security.
- Focus on Technicals Over Fundamentals: The emphasis on “complex algorithms” and “statistics” without any discussion of fundamental economic factors that drive currency values is typical of a purely speculative approach, further highlighting its detachment from real economic activity.
Security and Data Privacy Concerns Implied
- Payment Gateways: While they list secure payment options like PayPal and major credit cards, the lack of transparency about their own corporate structure or data handling policies, beyond a generic “secure payments” claim, leaves users vulnerable.
- Third-Party Tools: The use of “tick data suite” and “Quant analyzer” are mentioned, but without clear explanations of data privacy, how user data if any is collected through their tools is handled, or their own security certifications, it’s hard to verify their claims of “Safety” and “Security.”
No Educational or Risk Management Focus
- Purely Tool-Centric: The website is solely focused on selling tools, with no substantial educational content on market fundamentals, risk management, or responsible trading practices. For an activity where 90% lose, this lack of genuine education is a major deficiency.
- Absence of Risk Disclaimers: Beyond the brief acknowledgment of 90% losing traders, there are no prominent, clear disclaimers about the significant financial risks involved in Forex trading, which is standard and legally mandated practice for ethical financial service providers.
Is Tradingforex.pro Legit?
When evaluating the legitimacy of Tradingforex.pro, it’s crucial to distinguish between technical operation and ethical standing, particularly from an Islamic perspective.
While the website appears to function, offers products, and accepts payments, several aspects raise significant questions about its overall legitimacy and trustworthiness for a conscientious individual.
Operational Legitimacy vs. Ethical Legitimacy
- Operational Aspect: Tradingforex.pro appears to be an operational website that sells digital products Forex indicators and EAs. They have a functioning payment system and provide downloadable tools. This indicates they are not a “fake” website in the sense of being non-existent or purely a phishing scam. Their claim of “over 1000+ satisfied customers” and presence of FAQs suggest some level of activity.
- Ethical Aspect Islamic Finance: This is where Tradingforex.pro falls short. The core activity it facilitates – conventional Forex trading – is widely considered impermissible in Islam due to Riba interest, Gharar excessive uncertainty/speculation, and Maysir gambling. Therefore, while operationally present, its fundamental purpose is to enable an ethically questionable activity. From this viewpoint, its legitimacy for a Muslim audience is highly compromised.
Red Flags that Challenge Legitimacy
- Anonymity of Ownership WHOIS: The redacted WHOIS data is a major concern. Legitimate financial tool providers, even those selling software, typically provide transparent company information. The lack of a clear legal entity, physical address, or named individuals behind the operation makes accountability impossible. This anonymity often characterizes less reputable or short-lived ventures.
- Lack of Regulatory Compliance: There is no mention of any financial licenses, registrations, or regulatory oversight. Any entity involved in providing financial tools or advice should ideally be regulated or at least clearly state its status. The absence of this information means users have no recourse through official channels if issues arise.
- Unsubstantiated Claims: While claims like “99.99% Backtest Quality” are made, they are not independently verifiable on the site. Without third-party audits or verifiable track records beyond self-reported data, such claims remain marketing rhetoric.
- Generic Support & Contact: While they promise “24/7 support” and provide an email, the lack of phone numbers, live chat, or a corporate address reduces confidence in their commitment to robust customer service and long-term presence.
- Payment Methods: While they accept widely used methods like PayPal and credit cards, the inclusion of cryptocurrencies Bitcoin, Ethereum, Litecoin and less common payment systems @payment, Webmoney doesn’t necessarily detract from legitimacy but highlights a broader, less regulated approach to transactions.
- No Risk Disclosures: A truly legitimate platform in the financial space would prominently display comprehensive risk disclaimers, especially given the acknowledged 90% failure rate in Forex. The absence of such clear warnings is concerning for user protection.
The Verdict on Legitimacy
Tradingforex.pro appears to be a technically functioning website selling trading software. Monduo.co Reviews
However, its legitimacy is severely undermined by its lack of transparency regarding ownership and regulation, unsubstantiated performance claims, and most critically, its promotion of an activity conventional Forex trading that is largely considered unethical and impermissible from an Islamic perspective.
For a Muslim user seeking ethical financial tools, Tradingforex.pro cannot be considered legitimate or advisable.
Is Tradingforex.pro a Scam?
The term “scam” implies outright deception, fraud, or an intention to steal money without delivering anything.
While Tradingforex.pro exhibits many red flags that make it highly unadvisable, classifying it as an outright “scam” in the criminal sense requires more direct evidence of fraudulent intent or non-delivery of promised goods.
However, it operates in a manner that could easily lead to significant financial loss for its users, particularly when coupled with the inherent risks of Forex trading. Archive.com Reviews
Defining “Scam” in This Context
- Technical Scam: A technical scam would involve taking money without providing the promised software, or the software being intentionally malicious. There’s no direct evidence on their site that they don’t deliver the products they advertise. They claim to offer “free” versions for testing, which, if true, would suggest some level of product delivery.
- Ethical Scam/Misleading Practices: This is where Tradingforex.pro comes closer to the definition. By promoting tools for an inherently high-risk activity Forex trading, where 90% lose without robust risk disclaimers, and by making bold claims like “99.99% Backtest Quality” without independent verification, they create a potentially misleading impression of easy success. This can lead users to invest in a problematic activity and subsequently lose money.
- Anonymity and Lack of Accountability: The redacted WHOIS data and lack of transparent corporate information make it extremely difficult for users to seek recourse or hold the entity accountable if disputes arise or if the products fail to perform as implied. This lack of transparency, while not proof of scam, is a common characteristic of operations that are not prepared to be fully accountable.
Red Flags That Point Towards Potential Harm If Not Outright Scam
- High-Risk Activity Promotion: The primary service involves tools for Forex trading, an activity where the vast majority of participants lose money. Promoting this without clear, prominent, and severe risk warnings is irresponsible, even if not criminal fraud.
- Unrealistic Expectations: Phrases like “automatic experts work even while you’re at the beach or sleep!” coupled with the claim of being part of the “10% of winning traders” can lead users to believe in a path to easy riches, which is highly unlikely in the volatile Forex market.
- Lack of Regulatory Body: If a company offers financial tools or services, particularly for a high-risk market, and is not regulated, it operates in a legal gray area. This leaves consumers with little to no protection against unfair practices or substantial losses.
- Focus on Speculation: The entire premise is built on profiting from short-term market movements, rather than facilitating real economic transactions. This speculative nature aligns more with gambling than productive investment, making it a questionable venture from the outset.
- Customer Reviews On-site: While they claim “Over 1000+ satisfied customers” and link to “Read the Reviews” on their own site, these are internal testimonials and cannot be independently verified. Relying solely on self-published reviews is a common tactic used by less reputable businesses to create an illusion of credibility.
Conclusion on “Scam” Status
Based on the available information, it’s difficult to definitively label Tradingforex.pro as an outright criminal scam without direct evidence of fraudulent non-delivery or malicious intent.
However, it operates with significant anonymity, promotes an ethically problematic and extremely high-risk activity conventional Forex trading, and employs marketing tactics that could foster unrealistic expectations of profit.
For these reasons, while not necessarily a “scam” in the strictest legal sense, it is certainly a platform that carries substantial risks and should be approached with extreme caution, especially by those seeking ethically compliant financial avenues.
The potential for financial loss for users is high, driven by the nature of the market it serves.
Tradingforex.pro Alternatives Ethical
Given the significant ethical and practical concerns surrounding Tradingforex.pro and conventional Forex trading, it’s crucial to explore alternatives that align with ethical financial principles, particularly those in Islam. Bramblecrest.com Reviews
The goal should be to engage in productive, asset-backed, or ethically screened investments rather than speculative ventures.
These alternatives prioritize tangible value, real economic activity, and a clear avoidance of Riba interest, Gharar excessive uncertainty, and Maysir gambling.
1. Ethical Entrepreneurship and Business Ventures
- Description: Instead of speculating on currency movements, actively engage in building or investing in businesses that provide real goods or services. This could be anything from e-commerce, software development, consulting, manufacturing, or service-based businesses.
- Key Features: Direct involvement in value creation, potential for substantial long-term growth, tangible products/services, fosters innovation and employment.
- Why it’s better: Aligns perfectly with Islamic principles of honest trade and productive enterprise. Profits are earned through effort, risk-sharing, and adding real value to the economy, rather than through financial manipulation or interest.
- Examples:
- Starting an E-commerce Business: Selling physical products online, requiring inventory management, marketing, and customer service.
- Developing a Niche Software Solution: Creating and selling software that solves specific problems for businesses or individuals.
- Offering Professional Services: Consultancy, freelance writing, web design, or educational services.
2. Halal Equity Investments Direct or via Funds
- Description: Investing in publicly traded companies whose primary business activities are Sharia-compliant. This involves screening out companies involved in alcohol, gambling, conventional finance, pork, entertainment podcast/movies, and other impermissible sectors.
- Key Features: Diversification, potential for capital gains and dividends, liquidity for public stocks, professional screening services.
- Why it’s better: Ownership in real businesses, aligns with Islamic investment principles by avoiding Riba and other prohibited elements. It’s a share in productive assets.
- Dow Jones Islamic Market Index Funds: Funds that track a basket of Sharia-compliant stocks.
- Individual Sharia-Compliant Stocks: Researching and investing directly in companies like tech firms, healthcare providers, or manufacturing companies that pass Sharia screening.
3. Ethical Real Estate Investment Direct or Crowdfunded
- Description: Acquiring real estate for rental income, development, or long-term appreciation. This can be residential, commercial, or industrial properties. Ethical considerations involve fair tenancy agreements and avoiding exploitative practices.
- Key Features: Tangible asset, stable income potential, inflation hedge, wealth preservation.
- Why it’s better: Real estate is a tangible asset, providing actual utility and generating income from rent a permissible transaction rather than speculative price movements or interest. It’s a classic form of asset-backed wealth building.
- Investing in Residential Rental Properties: Buying homes or apartments to lease out.
- Sharia-Compliant Real Estate Crowdfunding Platforms: Platforms that allow fractional ownership in real estate projects, structured to be interest-free.
4. Halal Commodity Investment Physical Assets
- Description: Investing in physical commodities like gold, silver, or agricultural produce, with actual possession or clear ownership of the underlying asset. This avoids speculative futures contracts that lack physical delivery or involve interest.
- Key Features: Hedge against inflation, tangible asset, store of value e.g., gold, supports real economic sectors.
- Why it’s better: Involves trading in tangible goods, emphasizing immediate exchange and avoiding the Gharar and Riba often found in speculative derivatives markets.
- Physical Gold Bullion: Investing in gold bars or coins and taking physical possession or storing it in a segregated, allocated account.
- Agricultural Product Investment: Investing in ventures that produce, process, or distribute agricultural goods, avoiding highly speculative futures.
5. Ethical Lending Qard Hasan & Musharakah/Mudarabah based
- Description: Instead of interest-based loans, engage in benevolent loans Qard Hasan or participate in profit-sharing partnerships Musharakah or Mudarabah. Qard Hasan involves lending money without interest for charitable purposes or helping those in need, while Musharakah/Mudarabah are equity-like investments in businesses.
- Key Features: Supports real businesses, ethical profit-sharing, avoids Riba, fosters community support.
- Why it’s better: Directly adheres to Islamic prohibitions against interest and encourages risk-sharing and fair partnerships. It’s about empowering others to create wealth productively.
- Community Development Funds: Investing in local, ethical initiatives that offer profit-sharing rather than interest.
- Islamic Microfinance Institutions: Supporting organizations that provide interest-free loans or ethical financing to entrepreneurs in developing countries.
6. Education and Skill Development
- Description: Invest in yourself or your children by acquiring new skills, certifications, or higher education. This includes learning coding, digital marketing, trades, or advanced degrees.
- Key Features: Increases earning potential, intellectual growth, personal development, builds human capital.
- Why it’s better: This is an investment in human capital, which yields long-term, sustainable returns through improved career prospects and problem-solving abilities. It’s a tangible and beneficial investment for future well-being.
- Online Courses for In-Demand Skills: Platforms like Coursera, Udemy, or edX offering professional certifications.
- Vocational Training Programs: Learning a skilled trade like plumbing, electrical work, or carpentry.
7. Productive Arts and Crafts
- Description: Investing time and resources into creating physical products through craftsmanship or artistic endeavors that can be sold. This could include woodworking, pottery, calligraphy, textiles, or custom design work.
- Key Features: Tangible output, creative expression, potential for direct sales, unique products.
- Why it’s better: This is a direct form of productive economic activity, creating value through skill and effort. It bypasses speculative markets entirely and connects producers directly with consumers.
- Setting Up an Online Craft Store: Platforms like Etsy for selling handmade goods.
- Investing in High-Quality Tools for a Craft: Acquiring professional equipment for woodworking, sewing, or jewelry making excluding haram jewelry.
How to Cancel Tradingforex.pro Subscription
While Tradingforex.pro doesn’t explicitly detail a “subscription” model on its homepage, it sells “Professional” versions of its Expert Advisors and Indicators.
Typically, digital product sales imply a one-time purchase or a license for a certain period. Beeproxy.com Reviews
If they do operate on a recurring subscription, the process for cancellation would usually be handled through their support channels or the payment processor.
Reviewing Their Refund Policy
- “Satisfied or Refunded” Policy: The website prominently states, “we also adopt the policy satisfied or refunded!” This is a positive claim, but the specifics of how this refund is processed, the conditions, and the timeframe are not explicitly detailed on the homepage. Users would need to delve into their terms of service or FAQ section for concrete details.
- Implicit vs. Explicit Subscription: Most trading software is sold via a one-time license or an annual/monthly fee. If it’s a one-time purchase, there’s no ongoing “subscription” to cancel, only a refund to request if dissatisfied. If it’s a recurring fee, there should be a clear mechanism for cancellation.
Steps to Attempt Cancellation or Refund Request
- Contact Support Directly: The most direct route is to email their support team at
[email protected]
.- Provide Details: In your email, clearly state your purchase date, the specific product name, your transaction ID if you have one from PayPal or your card statement, and your request for cancellation or refund.
- State Your Reason: Refer to their “satisfied or refunded” policy if you are requesting a refund due to dissatisfaction. If you believe there’s a recurring charge you want to stop, clearly state that you wish to cancel your “subscription” or recurring payment.
- Check Payment Processor:
- PayPal: If you paid via PayPal, log into your PayPal account. Navigate to your “Activity” or “Transaction History.” Find the payment to Tradingforex.pro. You might have an option to cancel a recurring payment if it was set up that way or open a dispute for a refund if the product was not as described or did not meet expectations. PayPal typically has a dispute resolution process for up to 180 days.
- Credit/Debit Card: If you used a credit or debit card, check your bank statement. If you identify a recurring charge you want to stop, contact your bank or credit card company directly. They can often block future payments to a specific merchant or assist with chargebacks for services not rendered or products not as described. Be aware that chargeback processes can be lengthy and require documentation.
- Review Their FAQ/Terms of Service: Before contacting them, check their FAQ page
https://tradingforex.pro/faq/
and any linked terms of service or refund policies. These documents should provide the official procedure for cancellations or refund requests. However, the homepage text does not explicitly link to detailed terms. - Document Everything: Keep records of all communication with Tradingforex.pro emails, dates, times and screenshots of their website’s refund policy statements. This documentation will be crucial if you need to escalate the issue with your payment provider.
Potential Challenges
- Vague Refund Policy: A vague “satisfied or refunded” policy without clear terms can make it difficult to enforce.
- Anonymity: The lack of transparent corporate details could make legal recourse difficult if they fail to honor their refund policy.
- Digital Product Nature: Some companies argue that digital products, once downloaded, cannot be “returned” in the traditional sense, making refunds complex. However, ethical providers usually have clear policies for dissatisfaction.
Given the ethical concerns with Forex trading itself, cancelling any association with platforms like Tradingforex.pro is a prudent step for those adhering to Islamic financial principles.
Tradingforex.pro Pricing
Tradingforex.pro’s homepage, while heavily marketing its “Professional” tools, is conspicuously light on specific, transparent pricing details for these professional products.
This lack of upfront pricing is a common marketing tactic but can be a red flag for transparency.
They primarily use calls to action like “Download Now FREE” and then “PROFESSIONAL” without immediately showing the cost. Avian.com Reviews
What is Visible on the Homepage:
- Free vs. Professional Tiers: The homepage clearly differentiates between “FREE” and “PROFESSIONAL” versions for both their Expert Advisors and Forex Indicators. They state: “We find it right that you can try all our tools for free in the strategy tester, in terms of maximum transparency, so you can experience the quality of our tools with your own hands and evaluate the actual validity.” This implies a freemium model.
- Call to Action for “Professional”: Buttons like “Check Now” under “PROFESSIONAL” likely lead to product pages where pricing is revealed.
- Payment Methods: They list a wide array of payment methods: PayPal, rechargeable card, Debit card, Credit Card Visa, Mastercard, UnionPay, Postepay, Skrill, Neteller, Bitcoin, Ethereum, Litecoin, Webmoney, and “@payment”. The acceptance of cryptocurrencies suggests a desire for broad access and potentially a less conventional financial structure, which can be both convenient and a point of concern regarding regulation.
What is Missing and Important for Transparency:
- Exact Pricing: No dollar amounts are visible on the main page. This forces a user to click deeper into the site, potentially navigating through product pages to find the actual cost.
- License Model: Is it a one-time purchase? A monthly subscription? An annual license? Does it vary by product? This crucial detail is absent from the overview.
- Tiered Pricing: Are there different tiers of “Professional” with varying features or support levels? This is common for software and not immediately apparent.
- Refund Policy Specifics: While they claim “satisfied or refunded,” the precise conditions, timeframes, and what constitutes “satisfied” are not detailed alongside pricing information, which is where it would be most relevant.
- Trial Limitations: What are the limitations of the “FREE” versions? Are they time-limited, feature-limited, or only for backtesting as implied? Clearer details on the free trial would enhance transparency.
Implications of Vague Pricing
- Lack of Upfront Commitment: By hiding prices, they delay the user’s decision to commit, potentially drawing them deeper into the sales funnel before revealing the financial obligation.
- Potential for Price Variation: Without clear, public pricing, there’s a theoretical possibility that prices could vary for different users or promotions, though this is speculative.
- Trust and Professionalism: For a site that brands itself as “Only For Professionals” and emphasizes “Professionality,” the absence of clear pricing on the homepage is a transparency deficit. Legitimate software providers often have dedicated pricing pages that are easily accessible.
To ascertain the exact pricing, a user would need to click on the “Check Now” or “PROFESSIONAL” links and navigate to individual product pages.
This is a deliberate design choice that prioritizes engagement over immediate transparency.
From an ethical standpoint, particularly in finance, clear and upfront pricing is always preferred.
Tradingforex.pro vs. Ethical Alternatives
Comparing Tradingforex.pro to ethical alternatives highlights a fundamental divergence in philosophy: speculation versus productive investment.
While Tradingforex.pro offers tools for attempting to profit from currency fluctuations, ethical alternatives focus on wealth creation through real assets, services, and Sharia-compliant financial instruments. Lifestyleperformance.fitness Review
Tradingforex.pro: Focus on Speculative Forex
- Core Offering: Expert Advisors and Indicators for conventional Forex trading.
- Underlying Activity: Speculative trading of currency pairs, often involving high leverage and overnight swap fees Riba. The focus is purely on price movement, not underlying economic activity.
- Risk Profile: Extremely high, as acknowledged by their own statistic of “90% of traders are losing.” The potential for significant capital loss is inherent.
- Ethical Stance: Problematic from an Islamic perspective due to elements of Riba interest, Gharar excessive uncertainty/speculation, and Maysir gambling. The tools facilitate an activity that is generally considered impermissible.
- Transparency: Lacks transparency regarding ownership and specific pricing on the homepage.
- Value Proposition: Tools to gain an “edge” in a highly competitive, zero-sum speculative market.
Ethical Alternatives: Focus on Productive, Asset-Backed, or Permissible Investments
1. Halal Investment Funds
- Core Offering: Diversified portfolios of Sharia-compliant stocks, real estate, or sukuk Islamic bonds.
- Underlying Activity: Investment in real companies that provide goods and services, or tangible assets that generate rental income. Avoids industries and financial instruments prohibited in Islam.
- Risk Profile: Varies depending on the fund’s asset allocation e.g., equity funds are higher risk than sukuk funds but generally managed through diversification. Still involves market risk but avoids the extreme leverage and speculative nature of Forex.
- Ethical Stance: Designed specifically to align with Islamic financial principles, avoiding Riba, Gharar, and Maysir. Promotes ethical business and real economic growth.
- Transparency: Reputable funds are regulated and provide detailed prospectuses, performance history, and fee structures.
- Value Proposition: Ethical wealth growth through participation in real economic activity, professional management, and diversification.
2. Ethical Entrepreneurship
- Core Offering: Building or investing in businesses that create tangible products or offer valuable services.
- Underlying Activity: Direct involvement in the creation of economic value, employment, and innovation.
- Risk Profile: High, especially for startups, but directly tied to effort, market demand, and business acumen. Risks are tangible and manageable through business planning.
- Ethical Stance: Highly encouraged in Islam as a form of productive work and honest trade. Profits are a direct result of effort and risk-sharing in a legitimate venture.
- Transparency: Direct involvement means full transparency into operations.
- Value Proposition: Self-reliance, direct impact, potentially high rewards from successful ventures, and contribution to society.
3. Ethical Real Estate Investment
- Core Offering: Ownership of physical properties for rental income or appreciation.
- Underlying Activity: Providing housing or commercial space, a fundamental economic service.
- Risk Profile: Generally moderate to low-risk for long-term investments, subject to market cycles but offers a tangible asset.
- Ethical Stance: Permissible and encouraged in Islam as an investment in tangible assets that provide real utility.
- Transparency: Clear ownership through property deeds and public records.
- Value Proposition: Stable income, inflation hedge, wealth preservation, and ownership of a tangible asset.
4. Physical Commodities Trading Non-Speculative
- Core Offering: Buying and selling of physical gold, silver, or agricultural products.
- Underlying Activity: Exchange of real, tangible goods, for consumption or industrial use.
- Risk Profile: Moderate, subject to supply and demand dynamics, but avoids the extreme leverage and abstract nature of futures contracts.
- Ethical Stance: Permissible when structured to avoid Gharar e.g., immediate possession/delivery and Riba. Focuses on real assets.
- Transparency: Clear terms for physical delivery or allocated storage.
- Value Proposition: Hedge against inflation, tangible asset, and diversification from traditional financial markets.
Conclusion: The comparison reveals that while Tradingforex.pro focuses on a niche of speculative financial tools, ethical alternatives provide diverse pathways to wealth creation that are rooted in real economic activity, tangible assets, and Sharia-compliant structures. For anyone prioritizing ethical and sustainable wealth building, these alternatives offer far more legitimate and beneficial avenues than conventional Forex trading.
Does Tradingforex.pro Work?
The question “Does Tradingforex.pro work?” can be interpreted in two ways: do their tools function technically, and do they help users consistently achieve profitable results in Forex trading? From an ethical perspective, the more critical question is whether engaging with such tools is permissible or beneficial, regardless of their technical efficacy.
Technical Functionality
- Software Operation: Based on the website’s claims, their Expert Advisors EAs and indicators are designed for MetaTrader 4 MT4 and MetaTrader 5 MT5, which are standard platforms in retail Forex trading. They claim “No obsolete indicator” and use “modern studies,” implying up-to-date coding.
- Backtesting Claims: They highlight “99.99% Backtest Quality” using tools like “tick data suite” and “Quant analyzer.” This suggests that, in historical simulations, their systems might show strong performance. However, backtesting is a simulation and does not guarantee future results. Markets are dynamic, and past performance is not indicative of future returns.
- Free Trials: The offer of “free” tools for strategy testing implies that users can technically download and run their products to see if they “work” in a simulated environment. This allows for verification of basic functionality.
- Support Claims: They claim “100% support for problems, very quick response” and “24 hours 7 days a week!” If true, this would suggest a commitment to ensuring their software is usable and supported.
Effectiveness in Achieving Profit Highly Questionable
- The “90% Losing Traders” Reality: Tradingforex.pro itself admits that “90% of traders are losing.” This stark reality is a powerful counterpoint to any implied promise of easy profits. Even with sophisticated tools, the inherent difficulty and speculative nature of Forex trading means consistent, long-term profitability is elusive for the vast majority.
- Market Dynamics vs. Algorithms: While algorithms can analyze data rapidly, real markets are influenced by unpredictable geopolitical events, economic news, central bank interventions, and irrational human behavior. No algorithm can consistently predict or flawlessly adapt to all these variables.
- Over-Optimization Risk: Tools that perform exceptionally well in backtests can often be “over-optimized” to past data, meaning they fit historical anomalies perfectly but fail miserably in live, unpredictable market conditions.
- Broker Dependency: Even the best EAs can be affected by broker conditions such as spreads, slippage, and execution speeds, which are beyond the control of Tradingforex.pro.
- The Zero-Sum Game: In a speculative market like retail Forex, one person’s gain is often another’s loss. Even if Tradingforex.pro’s tools help some users, it doesn’t change the overall dynamic where profit is extracted from other traders’ losses.
Ethical Perspective on “Working”
- Permissibility Over Profit: From an Islamic standpoint, whether a tool “works” by generating profit is secondary to whether the activity it facilitates is permissible. If the core activity involves Riba, Gharar, or Maysir, then even if it generates financial returns, it is not considered “working” in an ethically sound way.
- Misleading Expectations: Tools that create an illusion of easy, automated profits in a highly risky and speculative market are ethically questionable, as they can lead individuals to financial ruin.
Conclusion: Tradingforex.pro’s tools likely “work” in a technical sense, meaning they can be installed and execute trades as programmed. However, whether they “work” in the sense of consistently generating profitable returns for users is highly questionable due to the inherent difficulties and high failure rate of Forex trading. More importantly, from an Islamic ethical perspective, even if they technically “work” to generate profit, the underlying activity remains problematic, rendering the tools undesirable regardless of their efficacy.
Tradingforex.pro Features Not Recommended
While we do not recommend engaging with Tradingforex.pro due to the ethical concerns surrounding conventional Forex trading, for informational purposes, here’s a breakdown of the features they claim to offer.
It’s important to view these through the lens of their intended use: facilitating a largely impermissible activity. Delphia.com Reviews
1. Highly Professional Indicators and Expert Advisors EAs
- Claim: “Highly professional Indicators and Expert Advisor” and “The only serious and professional Forex trading service.”
- Description: These are automated trading programs EAs and analytical tools indicators designed to run on MetaTrader 4 MT4 and MetaTrader 5 MT5 platforms. EAs can execute trades automatically based on predefined rules, while indicators provide visual signals and data analysis.
- Ethical Concern: These tools are built to facilitate speculative trading strategies that often rely on leverage and lead to interest-based transactions swaps, which are impermissible.
2. Modern Study-Based Indicators
- Claim: “No obsolete indicator – our indicators derive from modern studies, we do not use more indicators and calculations of the 1800s!”
- Description: This suggests that their analytical tools are based on contemporary quantitative methods and not outdated technical analysis.
- Ethical Concern: While technically advanced, if the “studies” are purely for predicting short-term price movements for speculative gain, it remains problematic. The focus is not on fundamental economic value but on market noise.
3. Forex Specialization
- Claim: “Forex Specialists – We are forex specialists, focused only on currency pairs, this makes our products the best for this market.”
- Description: They claim to have expertise specifically in the foreign exchange market, implying their tools are tailored for currency trading.
- Ethical Concern: This narrow focus reinforces their commitment to a market segment that is broadly considered ethically problematic due to its inherent structure Riba, Gharar, Maysir.
4. Emphasis on Automatic Future Automation
- Claim: “The future is automatic trading, slowly everyone will adapt to develop their own strategies to function alone, the human hand tends to disappear!” and “The automatic experts work even while you’re at the beach or sleep!”
- Description: This feature highlights the automation capabilities of their Expert Advisors, allowing for hands-free trading.
- Ethical Concern: Promotes a potentially misleading narrative of effortless passive income in a high-risk, speculative market. Automation does not eliminate the underlying ethical issues or the risk of substantial financial losses.
5. Safety and Security Claims
- Claim: “Safety – Our codes are safe. we have a long experience in programming that allows us to write secure codes, especially for expert advisors, where an order can make the difference.” and “Security – Our site meets the highest standards of security for your payments, we also adopt the policy satisfied or refunded!”
- Description: They claim their software is securely coded and their payment gateway is secure.
- Ethical Concern: While important, security of code or payments does not legitimize the underlying activity being facilitated. A secure tool for a forbidden activity is still a tool for a forbidden activity. The lack of transparent corporate details also makes it hard to verify these claims independently.
6. Free Trial/Testing Options
- Claim: “Free – we offer many free Expert Advisors and Forex Indicators!” and “Free and Forex Indicators Free – We find it right that you can try all our tools for free in the strategy tester, in terms of maximum transparency, so you can experience the quality of our tools with your own hands and evaluate the actual validity.”
- Description: Users can download and test their tools using MetaTrader’s strategy tester with historical data.
- Ethical Concern: While offering a trial promotes transparency for functionality, it still encourages engagement with the speculative Forex market, potentially drawing users into an ethically problematic activity.
7. Support and Reliability
- Claim: “Support – We Offer 100% support for problems, very quick response. we can receive your messages 24 hours 7 days a week!” and “Reliability – Our tools are tested for a long time before being released, which makes them very reliable. we also publish only tools that have good response in past statistics.”
- Description: Promises continuous customer support and claims their tools are rigorously tested for reliability based on past performance.
- Ethical Concern: Good support and rigorous testing are commendable for any software, but they do not negate the ethical concerns of the product’s primary purpose. Reliability in backtesting doesn’t equate to ethical permissibility or guaranteed live profitability.
8. High Backtest Quality and Quantitative Analysis
- Claim: “99.99% Backtest Quality – We use the best methods to run high quality backtets, in fact we use tick data suite for the backtests on the metatrader platform 4 and the method every tick for the metatrader platform 5. Look at our tests now.” and “Professional analysis With professional Tools – We never stop at the backtests, but we deepen quantitative analysis with specific tools, like the Quant analyzer, very interesting tool from which we can extract a lot of data to understand the stability of our systems.”
- Description: Emphasizes advanced backtesting methodologies and deep quantitative analysis to validate system performance.
- Ethical Concern: While rigorous analysis is good in legitimate finance, in this context, it’s applied to a speculative endeavor. High backtest quality doesn’t guarantee future live performance, nor does it make an ethically questionable activity permissible. It can create a false sense of security.
In summary, while Tradingforex.pro’s features technically describe what their software aims to do, the overarching ethical concern remains the very market they serve.
Tradingforex.pro FAQ
What is Tradingforex.pro?
Tradingforex.pro is a website that offers Expert Advisors EAs and indicators for MetaTrader 4 MT4 and MetaTrader 5 MT5 platforms, designed to automate and assist in Forex currency pair trading.
Is conventional Forex trading permissible in Islam?
No, conventional Forex trading, particularly retail trading with leverage and overnight swaps, is generally not permissible in Islam due to the presence of Riba interest through swap fees, Gharar excessive uncertainty/speculation, and Maysir gambling.
Does Tradingforex.pro offer “Halal” or “Swap-Free” accounts?
The Tradingforex.pro website does not mention or offer any specific features or tools tailored for “Halal” or “swap-free” Forex accounts.
Its focus appears to be on standard conventional Forex trading. Outsystems-platform.com Reviews
What are Expert Advisors EAs according to Tradingforex.pro?
According to Tradingforex.pro, Expert Advisors EAs are automated trading systems that can execute trades on currency pairs on your behalf, even while you are not actively monitoring the market.
What are Forex Indicators according to Tradingforex.pro?
Forex Indicators, as described by Tradingforex.pro, are analytical tools derived from “modern studies” that provide signals and insights to assist traders in making decisions on currency pairs.
Is there a free trial or free version of Tradingforex.pro tools?
Yes, Tradingforex.pro states that it offers “many free Expert Advisors and Forex Indicators” that users can download and test in the strategy tester on MT4 and MT5 platforms to evaluate their validity.
What payment methods does Tradingforex.pro accept?
Tradingforex.pro accepts a wide range of payment methods including PayPal, rechargeable card, Debit Card, Credit Card Visa, Mastercard, UnionPay, Postepay, Skrill, Neteller, Bitcoin, Ethereum, Litecoin, Webmoney, and @payment.
Does Tradingforex.pro claim its tools are profitable?
Tradingforex.pro claims its tools are “highly professional” and based on “statistics” to help users be part of the “10% of winning traders,” acknowledging that 90% of traders typically lose. However, it does not guarantee profits. Vultr.com Reviews
What is “99.99% Backtest Quality” on Tradingforex.pro?
“99.99% Backtest Quality” is a claim by Tradingforex.pro indicating that their tools perform exceptionally well in historical simulations using tick data.
However, high backtest quality does not guarantee future live performance.
Is Tradingforex.pro regulated by any financial authority?
The Tradingforex.pro website does not provide any information about being regulated by any financial authority or holding specific licenses. This lack of transparency is a concern.
Can I get a refund from Tradingforex.pro?
Tradingforex.pro states, “we also adopt the policy satisfied or refunded!” However, the detailed terms, conditions, and timeframe for this refund policy are not explicitly outlined on their homepage.
What are the risks of using tools from Tradingforex.pro?
The primary risks stem from the inherent volatility and speculative nature of Forex trading, which can lead to significant financial losses. Itaxicyprus.com Reviews
Additionally, the ethical concerns regarding Riba, Gharar, and Maysir make it an impermissible venture.
What are the ethical alternatives to using Tradingforex.pro?
Ethical alternatives include investing in Halal investment funds, engaging in ethical entrepreneurship, investing in real estate, trading physical commodities, or investing in personal skill development.
Does Tradingforex.pro offer customer support?
Yes, Tradingforex.pro claims to offer “100% support for problems” with “very quick response” and availability “24 hours 7 days a week” via email at [email protected]
.
How transparent is Tradingforex.pro about its ownership?
Tradingforex.pro shows a lack of transparency regarding its ownership.
WHOIS data for the domain indicates that registrant details name, organization, address, etc. are “REDACTED” or “Data Protected.” Fuglelyder.net Reviews
Does Tradingforex.pro guarantee profit from Forex trading?
No, while they aim to help users, they explicitly mention that “90% of traders are losing,” indicating the high risk involved and implicitly not guaranteeing profit.
Why is leverage in Forex trading a concern from an Islamic perspective?
Leverage introduces excessive uncertainty Gharar because a small market movement can lead to disproportionately large gains or losses, making the outcome highly speculative and akin to gambling Maysir.
Is automated trading ethical in Islam?
Automated trading itself isn’t inherently unethical, but if the automation facilitates an impermissible activity like conventional Forex trading with Riba or excessive Gharar, then the automated system becomes problematic.
What is the “Automatic Future” mentioned by Tradingforex.pro?
The “Automatic Future” refers to Tradingforex.pro’s belief that automated trading, particularly using Expert Advisors, is the future of the market, reducing the need for human intervention.
How can I verify the reliability claims of Tradingforex.pro?
Verifying their reliability claims would require independent audits of their backtest results and live trading performance, which are not provided on their website.
Users can only test the free versions in strategy testers, which are simulations.
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