Based on checking the website Tradingpassive.com, it presents itself as a platform offering automated trading software, specifically “TP Algo Suite,” designed to help users “dominate the markets” and achieve “long-term growth on autopilot.” The site claims its algorithms provide full automation, controlled risks with stop-loss and take-profit settings, and historically over 100% per year returns.
Overall Review Summary:
- Website Focus: Algorithmic trading software for automated financial market participation.
- Key Claims: High historical returns 100%+ per year, full automation, proprietary algorithms, no VPS needed, 30-day money-back guarantee.
- Ethical Considerations: The core offering of automated trading, especially with claims of high, consistent returns and hands-off profit generation, raises significant concerns from an Islamic finance perspective. This activity often involves elements of riba interest, gharar excessive uncertainty/speculation, and maysir gambling, which are strictly prohibited. The focus on maximizing gains through automated, often speculative, market movements without direct productive effort or clear risk sharing can lead to involvement in impermissible financial transactions.
- Transparency: While the site mentions “audited results” by Myfxbook, direct links to these specific audits or verifiable, independent performance data are not prominently displayed or easily accessible for detailed scrutiny on the homepage. The lack of specific pricing details without applying first is also a concern.
- Risk Disclosure: Although “controlled risks” are mentioned, the emphasis is heavily on high returns, potentially downplaying the inherent significant risks associated with trading, especially leveraged trading, which is often involved in automated forex or CFD trading.
- Overall Recommendation: Not recommended. The nature of automated trading, particularly as promoted on Tradingpassive.com with promises of high returns and minimal effort, falls into an area of significant ethical concern in Islamic finance due to elements of riba, gharar, and maysir. True wealth in Islam is built through ethical means, hard work, and productive ventures, not speculative financial instruments that often involve zero-sum games or interest-based mechanisms.
Best Alternatives for Ethical Wealth Building & Productivity:
Given the impermissibility of the core offering, here are alternatives focused on ethical wealth building, personal development, and productive endeavors, which align with Islamic principles:
- Online Courses for Skill Development: Platforms like Coursera, edX, or Udemy offer vast libraries of courses in in-demand skills e.g., coding, digital marketing, graphic design, project management.
- Key Features: Wide range of topics, often university-affiliated, self-paced learning, certificates available.
- Average Price: Varies widely, from free to several hundred dollars per course.
- Pros: Builds tangible skills, opens doors to legitimate income streams, promotes continuous learning.
- Cons: Requires significant time investment, self-discipline is crucial.
- Ethical Investment Platforms e.g., Wahed Invest, Amana Mutual Funds: These platforms offer Sharia-compliant investment options.
- Key Features: Screens investments for adherence to Islamic principles, diversified portfolios, professional management.
- Average Price: Management fees typically 0.5% – 1.0% annually.
- Pros: Aligns with ethical principles, diversified and professionally managed, focuses on real asset-backed investments.
- Cons: Returns are not guaranteed and fluctuate with market performance, may have minimum investment requirements.
- E-commerce Business Starter Kits: Resources and guides for starting an online business selling physical products e.g., dropshipping, handmade goods.
- Key Features: Provides frameworks for product sourcing, store setup, marketing.
- Average Price: Varies, from free guides to several hundred dollars for comprehensive courses.
- Pros: Builds a real business, potential for scalable income, promotes entrepreneurship.
- Cons: Requires significant effort in product research, marketing, and customer service, can be time-consuming.
- Professional Certifications e.g., Project Management Professional PMP, Certified Public Accountant CPA: Enhances career prospects in established fields.
- Key Features: Industry-recognized credentials, validates expertise.
- Average Price: Varies greatly by certification, from a few hundred to several thousand dollars.
- Pros: Increases earning potential, boosts credibility, leads to stable careers.
- Cons: Often requires extensive study and exams, can be costly.
- Business Mentorship Programs: Connecting with experienced professionals for guidance in starting or growing a legitimate business.
- Key Features: Personalized advice, networking opportunities, accountability.
- Average Price: Varies widely, from free community programs to thousands for high-level coaching.
- Pros: Gaining practical wisdom, avoiding common pitfalls, accelerated learning.
- Cons: Finding the right mentor can be challenging, commitment required from both sides.
- Productivity Software Suites e.g., Microsoft 365, Google Workspace: Tools that enhance efficiency in work and personal life.
- Key Features: Document creation, spreadsheets, presentations, communication tools, cloud storage.
- Average Price: Subscription-based, typically $6-$12 per user per month.
- Pros: Boosts efficiency, improves organization, facilitates collaboration.
- Cons: Monthly subscription cost, requires learning software features.
- Educational Books on Entrepreneurship & Finance: Classic and contemporary works on starting and managing businesses ethically.
- Key Features: Provides foundational knowledge, inspires new ideas, teaches financial literacy.
- Average Price: $15-$30 per book.
- Pros: Affordable way to gain knowledge, can be revisited, wide range of topics.
- Cons: Requires self-discipline to read and apply concepts, theoretical knowledge needs practical application.
The pursuit of wealth in Islam is encouraged, but it must be attained through permissible and ethical means.
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Activities that involve excessive speculation, interest, or gambling are strictly prohibited because they undermine social justice, create instability, and do not contribute to real economic value.
Relying on automated systems that promise effortless, high returns in speculative markets often falls into these impermissible categories and can lead to financial ruin and moral decay.
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 information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Tradingpassive.com Review & First Look: A Deep Dive into Algorithmic Trading Claims
Based on an initial review of the Tradingpassive.com website, the platform positions itself as a revolutionary solution for financial trading, promising significant returns through automated algorithms.
The core offering, “TP Algo Suite,” purports to simplify market participation, allowing users to “dominate the markets” without the need for extensive trading experience or continuous monitoring.
The site emphasizes benefits like “Full Automation—Just One Trade Per Day,” “Complete Control Over Your Funds,” and “Audited Results” via Myfxbook.
However, a deeper examination reveals critical areas of concern, particularly from an ethical standpoint and in terms of transparency.
The Allure of Automated Trading and Its Perils
The promise of passive income and high returns without active effort is undeniably attractive, especially to those new to financial markets. Automated trading systems, or “algos,” leverage complex mathematical models and high-speed execution to identify and exploit trading opportunities. While sophisticated, their underlying mechanisms often involve derivatives, leverage, and short-term speculation, which can be highly problematic under Islamic financial principles. The website’s claims of “historically returned over 100% per year” underscore the aggressive, high-risk nature often associated with such systems. For instance, according to a study by the Securities and Exchange Commission SEC, the vast majority of retail forex traders lose money, with percentages often exceeding 70-80% over specific periods, highlighting the inherent risks even without automation. Getcheap.net Review
Unpacking “Proprietary Algos” and “Unique Strategies”
Tradingpassive.com states its algorithms are “proprietary” and employ “Unique Strategies” with “NO MARTINGALES,” which is a common risk-management strategy in automated trading where positions are increased after losses, often leading to catastrophic drawdowns.
While avoiding Martingale is a positive sign, the absence of detailed explanations of the underlying “statistical edge methodologies” makes it difficult to assess the actual risk profiles or the ethical implications of these strategies.
In ethical investing, transparency about how returns are generated and risks are managed is paramount. The opaqueness here is a red flag.
Tradingpassive.com’s Claims vs. Market Realities
The website makes several bold claims that warrant scrutiny when compared to the typical realities of financial markets.
Understanding these disparities is crucial for anyone considering such a platform, especially from a perspective prioritizing ethical and sustainable wealth generation. Locusassignments.com Review
“Dominate The Markets With The Most Powerful Trading Strategies”
This is a common marketing claim in the retail trading space.
While algorithmic trading can offer advantages in speed and discipline, the notion of “dominating” markets implies a consistent, superior edge that is extremely rare, even for institutional players with vast resources.
Financial markets are complex, adaptive systems where sustained outperformance is challenging.
Even professional quantitative hedge funds struggle to consistently beat benchmarks, with many funds failing to outperform passive index funds over long periods.
“Sustained Returns: Our algorithms have historically returned over 100% per year”
A 100%+ annual return is an extraordinary claim that immediately raises skepticism. While such returns might occur in highly volatile, short-term scenarios, sustaining them consistently year after year is statistically improbable and often indicative of exceptionally high risk-taking or unsustainable strategies. The Financial Industry Regulatory Authority FINRA consistently warns investors about promises of high, guaranteed returns, noting they are often hallmarks of scams. For context, the average annual return of the S&P 500, a benchmark for broad market performance, has historically been around 10-12% over the long term. Any claim significantly exceeding this requires extreme due diligence and verification. The website mentions Myfxbook as a verification source, but direct, auditable links to detailed performance reports that show sustained returns over many years, with clear drawdown statistics and risk metrics, are not readily available on the homepage. Without this granular data, the “100% per year” figure remains an unsubstantiated marketing assertion. Srilanka-escapes.com Review
“No Experience Needed: Our solutions are plug and play, you can start your journey in 24h”
The idea that complex financial trading can be handled with “no experience needed” is a significant misrepresentation of market realities.
Even with automated systems, understanding the underlying risks, the potential for drawdowns, and the necessity for proper fund management remains critical.
Relying solely on a “plug and play” solution without understanding the financial instruments or market dynamics can lead to severe losses, especially when significant capital is involved the site suggests a minimum balance of $1,000 per bot. Financial literacy and a grasp of risk management are indispensable, regardless of automation.
“No More VPS: Our software runs in cTrader cloud, reducing issues and saving costs”
While eliminating the need for a Virtual Private Server VPS might be a technical convenience, it doesn’t diminish the financial risks.
A VPS is typically used to ensure continuous operation of trading algorithms. Aldi.com Review
Running on the cTrader cloud means the system relies on cTrader’s infrastructure.
While this can reduce user-side technical burdens, it shifts dependency to a third-party cloud service and doesn’t mitigate the fundamental market risks or ethical issues inherent in the trading strategy itself.
The cost savings on a VPS are negligible compared to potential capital losses in high-risk trading.
Ethical Concerns and The Problem with Algorithmic Trading from an Islamic Perspective
The primary offering of Tradingpassive.com—automated trading algorithms designed to generate significant returns from financial markets—raises profound ethical concerns from an Islamic perspective.
The nature of these activities often involves elements that are explicitly forbidden. Jetprofund.net Review
Riba Interest in Algorithmic Trading
While Tradingpassive.com does not explicitly mention interest, many automated trading strategies, particularly in forex and CFD Contract for Difference markets, involve rollover fees or overnight financing charges. These charges are essentially interest riba paid or received for holding positions open beyond a certain time. Such interest-based transactions are forbidden in Islam. Furthermore, the underlying instruments traded, especially derivatives, often have their value tied to interest rate differentials or leverage mechanisms that are fundamentally interest-based. Even if the algorithms themselves don’t directly calculate interest, their profitability might indirectly depend on interest rate movements or the use of leveraged capital, which is usually obtained through interest-bearing loans from brokers.
Gharar Excessive Uncertainty/Speculation
Trading, especially short-term or leveraged trading, often involves a high degree of gharar. This refers to excessive uncertainty or ambiguity in a contract that could lead to unfair loss for one party. While all investments carry some level of risk, speculative trading aims to profit from mere price fluctuations rather than the underlying productive economic activity. The “black box” nature of many automated algorithms, where users don’t fully understand how trades are executed or the precise risk parameters, adds another layer of gharar. The website states “Our strategies are based on statistical edge methodologies,” but without full transparency on these methodologies and the underlying instruments, the uncertainty remains high. Islamic finance encourages investment in tangible assets and real economic activity, where risk is shared and returns are linked to productive effort and known outcomes, rather than pure speculation.
Maysir Gambling
The line between speculative trading and maysir gambling can be thin. Gambling involves risking money on an event with an uncertain outcome, where the primary motive is to win money based on chance, often at the expense of another party. Automated trading, particularly with its emphasis on “dominating markets” and high leverage, can resemble gambling because profits are often derived from the losses of other participants in a zero-sum game, rather than from creating new value. When a system promises “passive income” through automated market movements without genuine productive effort or clear ethical parameters, it leans heavily towards an impermissible form of income generation. The lack of transparency regarding win-loss ratios, despite mentioning “navigating an unfavorable win-loss ratio” as a challenge the product addresses, further blurs this line.
Lack of Productive Contribution
Islamic economic principles emphasize wealth creation through productive activity, honest labor, and the exchange of real goods and services.
Speculative financial instruments, especially those that are purely contractual and do not represent ownership in tangible assets or direct participation in production, do not contribute to real economic growth. Verygreatstore.cc Review
Automated trading systems often fall into this category, generating profits from market volatility rather than contributing to the well-being of society or producing tangible value.
Encouraging Dependence on Technology for Wealth
While technology can be a tool for good, relying on automated systems for wealth generation without personal understanding, effort, or ethical consideration can foster a mindset of entitlement and detachment from the real economy.
This goes against the Islamic emphasis on diligence, earning a livelihood through legitimate means, and being grateful for one’s sustenance.
Conclusion on Ethical Permissibility: Due to the strong likelihood of involvement in riba, gharar, and maysir, and the overall speculative nature of the activity, automated trading platforms like Tradingpassive.com are generally considered impermissible in Islam. The pursuit of wealth must be in line with divine guidance, ensuring justice, fairness, and contribution to society.
Tradingpassive.com Pros & Cons
Based on the information presented on the Tradingpassive.com homepage, here’s a breakdown of its touted advantages and significant drawbacks, particularly when viewed through a critical and ethical lens. Kechflora.com Review
Cons Significant Concerns from an Ethical & Practical Standpoint
- Ethical Impermissibility Major: The fundamental nature of automated speculative trading, especially with claims of high returns and leveraging market movements, is highly likely to involve riba interest, gharar excessive uncertainty/speculation, and maysir gambling. These elements are strictly forbidden in Islamic finance. This alone makes the service unsuitable for individuals seeking to adhere to ethical wealth-building principles.
- Unrealistic Return Claims: The assertion of “historically returned over 100% per year” is a significant red flag. Such returns are rarely sustainable in legitimate, well-regulated financial markets and are often associated with high-risk, speculative ventures or even Ponzi schemes. Credible investment opportunities do not promise such exorbitant, consistent returns.
- Lack of Transparent Performance Data: While Myfxbook is mentioned for “audited results,” the homepage lacks direct, easily accessible links to detailed, verifiable performance reports that show long-term consistency, maximum drawdowns, and actual risk metrics. Without this, the “audited” claim is largely unsubstantiated. Myfxbook itself is a performance tracking platform. the results tracked by it need to be publicly accessible and verifiable.
- Opaque Pricing Structure: The website requires users to “Apply now” to presumably get pricing details. This lack of upfront transparency regarding costs subscription fees, performance fees, etc. is a common tactic used by less reputable services and makes it difficult for potential users to assess the overall value proposition before committing personal information.
- Encourages Passive “Wealth Without Effort”: The marketing heavily emphasizes “Maximizing Potential Gains Doesn’t Mean Working Harder” and “Strive for Long-Term Growth on Autopilot.” While automation can reduce manual effort, true wealth generation in ethical frameworks requires diligence, understanding, and often direct productive contribution. This narrative can foster a dangerous mindset of seeking shortcuts to wealth.
- High Inherent Risk Despite “Controlled Risks” Claims: While “Stop Loss and Take Profit” settings are mentioned, automated trading in volatile markets like forex or indices, which are typical targets for such algos carries substantial inherent risks, including the potential for significant and rapid capital loss. The “control” mechanisms reduce risk but do not eliminate it, and the potential for “drawdowns” is even acknowledged in their FAQ.
- Minimum Balance Suggestion: A minimum balance of $1,000 per bot, combined with the opaque nature of the trading strategies and high-return claims, could encourage individuals to risk capital they cannot afford to lose on a highly speculative and potentially impermissible venture.
- Lack of Regulatory Information: The website does not prominently display any regulatory licenses or affiliations that would give credibility to its financial operations. Operating in the financial services sector, especially with claims related to trading, usually requires specific regulatory oversight to protect consumers.
In summary, the “cons” heavily outweigh any potential “pros” due to the fundamental ethical issues and the highly speculative, potentially misleading nature of the claims.
The service appears to promote a dangerous and impermissible path to wealth.
Tradingpassive.com Alternatives
Given that the core offering of Tradingpassive.com automated speculative trading is ethically problematic from an Islamic perspective, the best alternatives are those that focus on legitimate, ethical, and productive ways of building wealth, acquiring skills, and engaging in value-creating activities.
These alternatives prioritize long-term sustainability, tangible skills, and adherence to moral principles over quick, high-risk gains.
Skill Development & Education
Instead of relying on automated systems to generate income from speculative markets, investing in one’s knowledge and skills provides a sustainable and ethical path to earning a livelihood. Schmiedmann.com Review
This can lead to entrepreneurship, career advancement, or valuable contributions to society.
- Online Learning Platforms:
- Coursera: Offers courses, specializations, and degrees from top universities and companies. Focuses on professional development, data science, tech, and business.
- edX: Similar to Coursera, providing university-level courses in a wide array of subjects.
- Udemy: A vast marketplace for online courses taught by independent instructors on practical skills e.g., web development, digital marketing, graphic design, content creation.
- Khan Academy: Free, world-class education for anyone, anywhere, covering academic subjects from math to history to computer science.
- Professional Certifications: Acquiring certifications in high-demand fields e.g., project management, cybersecurity, cloud computing, accounting, digital marketing can significantly boost employability and earning potential.
- Project Management Institute PMI: For PMP Project Management Professional certification.
- CompTIA: For IT certifications.
- HubSpot Academy: For free marketing and sales certifications.
Ethical & Halal Investment Options
For those seeking to grow their wealth through investments, focusing on Sharia-compliant vehicles ensures adherence to Islamic principles, avoiding interest, excessive uncertainty, and gambling.
- Halal Investment Funds/ETFs: These funds invest in companies screened for compliance with Islamic law e.g., avoiding industries like alcohol, gambling, conventional finance, and excessive debt.
- Wahed Invest: An online halal investment platform offering diversified portfolios.
- Amana Mutual Funds: One of the oldest and largest providers of Islamic mutual funds in the US.
- SP Funds: Offers Sharia-compliant ETFs.
- Real Estate: Investing in tangible property for rental income or capital appreciation is generally permissible and considered a productive asset.
- Fundrise: A crowdfunding platform for real estate investment users should verify their specific projects for Sharia compliance.
- Ethical Business Ventures: Investing in or starting businesses that provide real goods or services, employ people, and contribute positively to the economy. This can involve direct investment in startups or small businesses.
- AngelList: Platform for startup investing and jobs due diligence required to ensure business model is halal.
- Local Business Networks: Connecting with local small business associations or chambers of commerce for investment opportunities.
Entrepreneurship & Self-Employment
Creating one’s own value and generating income through legitimate business activities is highly encouraged.
- E-commerce Selling Physical Products:
- Shopify: Platform for building online stores.
- Etsy: For selling handmade goods and unique items.
- Amazon FBA: Leveraging Amazon’s fulfillment network to sell products.
- Freelancing & Consulting: Offering skills and services directly to clients.
- Upwork: For a wide range of freelance services writing, design, programming, marketing.
- Fiverr: For offering specific “gigs” or services.
- LinkedIn ProFinder: Connecting with businesses seeking consultants.
- Content Creation: Building an audience and monetizing valuable content e.g., educational blogs, podcasts, video channels that teach a skill or provide ethical insights.
- WordPress.com: For blogging.
- YouTube: For video content.
- Substack: For newsletters and paid subscriptions.
These alternatives empower individuals to earn in a way that is productive, skill-based, and adheres to ethical guidelines, fostering sustainable growth and true prosperity.
How to Cancel Tradingpassive.com Subscription
While the Tradingpassive.com website does not provide explicit instructions on how to cancel a subscription directly on their homepage, a standard process for most online services, especially those involving recurring payments for software or services, typically involves accessing your account settings.
General Steps for Cancelling Online Subscriptions:
- Access Your Account: Log in to your Tradingpassive.com account the website has an “Account” link, which likely leads to a login portal.
- Navigate to Subscription/Billing Settings: Once logged in, look for sections like “My Account,” “Settings,” “Billing,” “Subscription,” or “Manage Plan.” These sections usually contain options related to your membership or subscription.
- Find Cancellation Option: Within the billing or subscription settings, there should be a clear option to “Cancel Subscription,” “Manage Membership,” or “Turn off Auto-Renewal.”
- Follow Prompts: The system will likely guide you through a series of prompts to confirm your cancellation. You might be asked for a reason for canceling or offered alternatives.
- Confirmation: After completing the process, look for a confirmation email or a confirmation message on the website indicating that your subscription has been successfully canceled. Keep this for your records.
Utilizing the Money-Back Guarantee:
Tradingpassive.com states, “Our solution comes with a 30 days money back guarantee with no questions asked!” If you are within this 30-day window, you should contact their customer support immediately to request a refund.
- Contact Customer Support: Look for a “Contact Us” section, email address, or support ticket system on their website. The FAQ section mentions “Customer Care 1 on 1 onboarding, customer community, tech team available 7/7,” suggesting active support channels.
- Clearly State Your Request: Clearly state that you wish to cancel your subscription and request a full refund under the 30-day money-back guarantee. Provide all necessary account details.
- Document Everything: Keep records of all communication, including dates, times, names of support representatives, and any confirmation numbers. This documentation is crucial if there are any disputes later.
Important Note: Given the ethical concerns surrounding automated trading and the high-risk nature of such platforms, it is advisable to exercise extreme caution and ensure any financial commitments are reversible. If direct cancellation through the website proves difficult, contacting your bank or credit card provider to block future payments may be a necessary last resort, but always attempt to cancel directly with the service first.
Tradingpassive.com Pricing
The Tradingpassive.com website’s homepage notably does not display any explicit pricing information for its “TP Algo Suite.” Instead, it features multiple “Apply now” buttons that presumably lead to a sales funnel or a registration process where pricing details might be revealed. This lack of transparency on the main landing page is a common practice among services that prefer to engage potential customers before disclosing costs, but it can also be a red flag for consumers. Nl.russellhobbs.com Review
What to Expect Based on Similar Services:
While specific details are absent, services offering automated trading algorithms typically employ one or a combination of the following pricing models:
- Subscription Fees: A recurring monthly or annual fee for access to the software and algorithms. This is the most common model. Prices can range from tens to hundreds of dollars per month, depending on the sophistication and perceived value of the algorithms.
- Performance Fees: A percentage of the profits generated by the algorithms. For example, a “profit share” model where the user pays a certain percentage e.g., 20-30% of the gains made through the bot. This model aligns the provider’s incentives with the user’s profits, but it means higher profits for the user also mean higher costs.
- One-Time Purchase: Less common for services requiring continuous updates and support, but some algorithms are sold as a one-time purchase, possibly with optional ongoing support or update fees.
- Minimum Balance Requirements: The website does state a “minimum balance of $1,000 per bot” in its FAQ. This isn’t a direct fee, but it’s a financial prerequisite to use the service, indicating a certain level of capital commitment is expected from the user.
Why Opaque Pricing is a Concern:
- Lack of Transparency: Not showing prices upfront prevents potential customers from quickly assessing if the service fits their budget and from comparing it easily with competitors.
- Sales Funnel Tactic: It forces interested individuals to commit personal information or engage with a sales representative before understanding the financial commitment. This can be a high-pressure sales tactic.
- Hidden Costs: Sometimes, services with opaque pricing have hidden fees or complicated fee structures that are only revealed late in the signup process.
Recommendation: Before proceeding with any “Apply now” steps, potential users should be prepared to thoroughly investigate the full pricing structure, including all recurring fees, performance fees, any associated brokerage costs, and the terms of the “30 days money back guarantee.” Given the ethical concerns and high-risk nature of automated trading, exercising extreme caution is advised.
Frequently Asked Questions
What is Tradingpassive.com?
Tradingpassive.com presents itself as a platform offering “TP Algo Suite,” which is automated trading software designed to help users generate passive income by “dominating the markets” through proprietary algorithms.
Does Tradingpassive.com require trading experience?
No, the website explicitly states, “No Experience Needed.
Our solutions are plug and play, you can start your journey in 24h,” implying that basic knowledge might be nice, but the system is built for everyone, requiring only a 1-on-1 onboarding call. Ottdash.com Review
What is the minimum balance to use Tradingpassive.com’s algorithms?
The website suggests a minimum balance of $1,000 per bot to use their algorithms.
Are Tradingpassive.com’s results audited?
Yes, Tradingpassive.com claims its results are “verified and audited daily by myfxbook,” though direct, easily accessible links to these detailed audit reports are not prominently displayed on the homepage.
Does Tradingpassive.com offer a money-back guarantee?
Yes, the website states, “Our solution comes with a 30 days money back guarantee with no questions asked!”
How are Tradingpassive.com’s algorithms built?
The website mentions that their strategies are “based on statistical edge methodologies” and that they develop their own proprietary algorithms.
Do Tradingpassive.com’s algorithms use Martingale strategies?
No, the website explicitly states that their strategies are “NO MARTINGALES,” which is a common risk-management strategy in automated trading often associated with high risk. Remassistance.com Review
Do I need a VPS to run Tradingpassive.com’s software?
No, Tradingpassive.com states that their “software runs entirely in the cTrader cloud, eliminating the need for a VPS and reducing costs.”
What kind of returns does Tradingpassive.com claim?
Tradingpassive.com claims its algorithms have “historically returned over 100% per year.”
Is Tradingpassive.com suitable for ethical wealth building in Islam?
No, the core offering of automated speculative trading, especially with claims of high, passive returns, often involves elements of riba interest, gharar excessive uncertainty/speculation, and maysir gambling, which are strictly prohibited in Islamic finance.
Are there alternatives to automated trading for ethical income?
Yes, ethical alternatives include investing in skill development through online courses, participating in halal investment funds, starting an ethical e-commerce business, or engaging in freelancing and consulting.
How can I find detailed performance reports for Tradingpassive.com?
While the website mentions Myfxbook, specific, directly linked, auditable performance reports are not readily available on the homepage. Xpressroadrescue.com Review
You would likely need to “Apply now” or contact their support for more detailed verification.
What are the risks associated with services like Tradingpassive.com?
The risks include potential for significant capital loss due to market volatility, the inherent high risk of leveraged trading, the lack of complete transparency regarding strategies, and the ethical implications of engaging in speculative financial instruments.
Does Tradingpassive.com offer 24/7 support?
Yes, the website states they offer “24/7 Support” and “Customer Care 1 on 1 onboarding, customer community, tech team available 7/7.”
Can I choose my own broker with Tradingpassive.com?
Yes, the website indicates, “You can choose any broker to use your bots, as long as they support cTrader.”
Are there fixed trading hours with Tradingpassive.com?
Yes, the website states, “No intraday or weekend trading. Singlesswag.com Review
Trades are closed everyday,” indicating fixed trading hours.
What kind of risk settings does Tradingpassive.com offer?
The website mentions “Advanced Stop-Loss And Take-Profit Settings” and states, “You can pick your risk, depending on your risk appetite.”
How can I cancel my Tradingpassive.com subscription?
Typically, you would log into your account, navigate to the billing or subscription settings, and look for a cancellation option.
If within 30 days, you can contact their support to claim the money-back guarantee.
Is the pricing for Tradingpassive.com transparent on their homepage?
No, the pricing details are not available on the homepage. Scaler.com Review
Users are prompted to “Apply now” to presumably get access to this information.
What should I do if I am looking for halal investment options?
Look for platforms and funds explicitly marketed as Sharia-compliant or halal, ensuring they avoid interest, impermissible industries, and excessive speculation.
Consult with knowledgeable Islamic finance experts if unsure.
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