Psyquation.com Review Is PsyQuation Legit Or Scam

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Psyquation.com Review: Is PsyQuation Legit Or Scam?

PsyQuation Review: this is the name of a Forex analytic platform that is relatively new in the Forex market. Is psyquation.com a legit Forex analytic platform or a scam?

This platform and its likes are created to provide Forex traders with insights about the market. It is connected to their MetaTrader 4 trading platform when they acquire it. With the tools that comes with this, the vendors claim that traders would not only “improve trading” but also “discover trading strategies that work”.

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It is totally in character for analytic platform providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

PsyQuation was founded in 2020 by a certain Michael Berman and Vladimir Krouglov. They are said to have PhD in Behavioral Finance and Mathematics respectively. The page mentions that the platform is a product of scientific research and over 10 years of trading experience. It has been tested on 140,000+ accounts according to the website.

They are headquartered in Australia and have an office in Ukraine. It is owned by Gerling & Company Pty Limited, an ASIC licensed company.

How PsyQuation Works

It works by providing traders with the following features that we will be looking into briefly:

Analysis

The analysis that PsyQuation gives comes their AI with 4 different components all for trader’s use;

Near Real-Time Equity Curve: helps to monitor and control risks.
PsyQuation Score: a specific number that helps traders know their skill level, comparable with those of others.
Built-in Customizable Alerts: real-time data that helps traders understand ongoing trades.
Trading Tools: varieties of tools and data are available for use by more experienced traders.

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Capital Allocation Program

It helps traders to get additional capital for trading. This is done in connection to AxiTrader which is a Forex broker offering AxiSelect allocation program. Traders who met the set standard of scores can get funds for further trading. However, we found that the standards are quite high as for example, a 10% drawdown within any month will lead to them been dropped. The additional funds can reach up to $350,000.

Copy Trading Platform

Although this is not yet available, the feature is touted to be able to ensure higher and consistent gain. They believe that with the accuracy of their trades, a copier trader would be excellent in the hands of clients.

PsyQuation Pricing Structure

PsyQuation provides two packages: Standard and Premium. The Standard has features like PsyQuation score, free alerts, free trading tools, PsyQuation leaderboard, and basic and advanced stats. While the Premium has all the features offered in the standard and more like updates, premium tools and alerts, copy trading and EA backtester.

The Standard package is free while the Premium package requires creating a live account with AxiTrader.

Clients Feedback

We do not find client reviews on third party websites about PsyQuation but this might be because they are still relatively new.

Support

To get in touch with the vendors or a customer care representative, send an email to: [email protected]

Conclusion

The information presentation on the page of PsyQuation is quite impressive and well detailed. We find that it has a good pricing structure that is competitive but will require clients going to read up on AxiTrader Forex broker. Tools are also good and we would only like to receive more reviews from clients.

PsyQuation Review

Overview

The innovative platform uses the capabilities of artificial intelligence and allows you to increase the effectiveness of the trader in the Forex market.

Details

Broker PsyQuation
Website URL psyquation.com
Founded 2020 year
Headquarters Australia, North Sydney, 90 Arthurs Road., 10th Floor
Support Number +61-43-423-49-79
Support Types Phone, email, feedback form on the site
Languages English, Thai, Spanish, Chinese, etc.
Trading Platform MetaTrader 4
Minimum 1st Deposit $1
Minimum Trade Amount $5
Leverage Up to 1:1000
Spread ecn.mt5, pro.ecn.4: from 0; ecn.mt4: from 0.1; standard.mt4, mt5: from 0.3
Free Demo Account Open Demo
Regulated
Regulation ASIC (AFSL №218770)
Deposit Methods Cash, credit/debit cards, bank transfer, Qiwi, Skrill (MoneyBookers), Neteller, Yandex.Money, Webmoney, etc.
Withdrawal Methods Cash, credit/debit cards, bank transfer, Qiwi, Skrill (MoneyBookers), Neteller, Yandex.Money, Webmoney, etc.
US Traders Allowed
Mobile Trading
Overall Score 9.5/10

Full Review

Still, PsyQuation is a dilution and unsafe analytical platform for work or a serious Forex organization? You can get answers to these questions by reading our review.

PsyQuation trading conditions

From the very beginning, PsyQuation has been positioning itself and its products as a profitable partner not only for private traders trading on the Forex market, but also for Forex brokers providing access to the market for their clients. These are for instance ForexStart, AMarkets, Alpari etc.

According to statistics, 95% of traders lose their money on the market and only 5% stay profitable. Since the launch of its first beta version of the software in May 2020, PsyQuation has trumpeted that its goal is to change these statistics in favor of private traders through the use of analysis and training algorithms applied in Proprearity trading companys, complemented by self-learning artificial intelligence (Forex trading training).

PsyQuation has also managed to gain the trust of brokerage companies. Cooperation with it often means honest and open work of a broker, as the goal of improving the trading results of private traders can be positive for an honest broker, who earns only on the commissions that he receives for transferring the client’s transaction to his liquidity provider and then to the real market (full truth about Forex).

After all, the statistics, which speaks about the losses of 95% of traders, does not allow brokerage companies to build long-term relationships with new clients, because most of them, having failed, leave the market and never come back. PsyQuation also offers a number of tools to help clients keep track of their trading progress, including the Equity curve calculator, informative statistics, intraday VaR (Value at Risk) calculator and much more.

PsyQuation applications offer unique analytical data on behavioral profiling, which helps a trader to determine the patterns in his or her trading behavior and how they affect the ability to make a profit. Depending on a trader’s personal risk profile and trading habits, PsyQuation can help a trader to improve his trading performance and, most importantly, to keep him on the right track, helping him to set and achieve realistic trading goals using a unique tool called a behavioral profile index. In fact, this index serves as an information point that encourages the willingness to accept offers to improve trading from the service, as well as to punish for ignoring such offers.

psyquation.com platform

The application is a toolbar in a web browser and can be accessed by any client using the MT4 trading platform. The PsyQuation Control Panel is designed to display the most important aspects of a trading account. The data displayed immediately after logging in to the PsyQuation platform is available in a clean and easy-to-read form. The project team has carefully developed the toolbar so that it also displays the summary and gives advice on how to improve the overall performance and profitability of a trader.

Since a lot of things happen at the same time during trading, trading can be very stressful sometimes. Tools based on self-taught artificial intelligence allow you to guess the trader’s forecasts, find out which of his guesses are false in order to continue trading without making a fatal mistake.

To start working with PsyQuation services, you need to register a trading account with one of PsyQuation ‘s partner brokers. The next step is to request access to the PsyQuation application from this broker. After that, the PsyQuation application will get access to the trading data received from the broker, analyze them and provide a number of recommendations on how to improve your trading habits.

PsyQuation company quatations

PsyQuation is not literally a Forex broker and does not bear any responsibility for the correctness of the quotes provided to the client. In the legal documents related to financial services published on the official website psyquation.com, PsyQuation pays special attention to this. Although the number of brokers here is quite limited, PsyQuation recommends that traders carefully read the documents disclosing information about products and conditions provided before starting cooperation with the selected broker.

psyquation.com demo account

Traders do not have to pay for the use of PsyQuation software. Instead, the Forex broker bears the costs of using the PsyQuation software and pays a commission to the project. Besides, there are no additional brokerage costs when opening an account with PsyQuation

A demo account can be used in cooperation with a broker. PsyQuation has developed a plug-in that allows you to connect the platform to any Metatrader 4 terminal from a company that is not a PsyQuation partner. However, the trading tools provided by the company will not be available and will be activated only after the premium access fee of 97.50 USD per month is paid.

PsyQuation mobile application

The project offers its clients mobile applications (Apple, Android) following the trends in Internet trading. Having downloaded them, the client of the company can use the opportunities of the platform from his smartphone.

PsyQuation bonuses

There are no bonuses in PsyQuation company.

Deposit and withdrawal

When working with a partner broker of the project, all deposit/withdrawal transactions are made in the brokerage system by any available means. Payment for access to PsyQuation ‘s trading services in case of connecting a brokerage account with a company that is not a project partner is made only through Visa plastic cards. At the moment, there are no reviews of PsyQuation’s traders in the network, although the project has been working since 2020 and its clients probably already have some evaluation idea about it. Nevertheless, we are not ready to evaluate this fact in a negative way, but we will continue to monitor this issue.

Complaints against PsyQuation

There are no feedback about PsyQuation in the Internet today, though this project exists since 2020 and its customers most likely have some idea about it. And yet, we aren’t ready to regard this fact in a negative way, however we will keep monitoring this issue.

If we find complaints about PsyQuation, we will post it on social media. Follow us to be well informed:

PsyQuation broker’s regulator

PsyQuation is not a full-fledged broker or organization offering financial management services to clients or providing access to financial instruments traded on the markets. That is why PsyQuation is not regulated by specialized bodies that control the provision of services on access to financial instruments in the markets. The regulator, which can be contacted by a client in the event that preliminary negotiations fail, is Australian Securities and Investments Commission (ASIC, AFSL no. 218770).

psyquation.com User agreement

The rules of cooperation with PsyQuation, published on the official website psyquation.com («Terms and Conditions»), look quite standard for the majority of serious companies registered in non-offshore jurisdictions. However, before making a decision to start working with a company, it is necessary to pay attention to the important issues that may be inconvenient for the company, as well as potential risks in the future, especially for the client, who bears the costs associated with access to the project. In particular, the first important point is that, in the event of a major disagreement, all actions aimed at resolving conflicts in court should be carried out in accordance with Australian and Australian law:

Another point that will be important to the project’s clients is that the company does not bear any responsibility in case of inoperability, inaccessibility or trivial shutdown of its resource:

This point, of course, is not particularly important for a novice or trader who already has experience and is used to relying on his already formed understanding of market processes. However, if we assume that the company’s services have allowed a trader to significantly increase his deposit, then in this case, the failure of the program can promise him a significant loss. Such a loss falls into the category of risks called «over-the-counter risk» in the professional environment, which means that it does not depend on the trader’s decision, or on the state of the market and is often completely uncontrollable.

Is PsyQuation a scam?

Since its establishment and its first product launch in 2020, PsyQuation has perfectly proved itself in the financial environment and is interesting for both traders and a number of brokers. At the same time, there are not many companies willing to cooperate with PsyQuation and present PsyQuation’s capabilities to their traders. What is the reason for this? Perhaps, with the business models of Forex brokers, which are not always designed for the development of a trader within the company in the long term.

It was not possible to find any negative feedback about the company’s products on Western resources, as traders using PsyQuation analysis software do not bear any financial burden, and the broker pays for the use of the company’s service. Investors using PsyQuation services often adhere to the principle that money loves silence and does not give the results of their investments to the public.

At a time when artificial intelligence is only beginning to be talked about and products based on it are being introduced to the market more and more actively, PsyQuation is already well established in its segment, using the latest technological processes in its work. But the main thing is that, according to many opponents of artificial intelligence development, it is not clear how the collected and analyzed material will be used in the future? How will the experience of private traders who do not have enough knowledge be used? Will the data fall into the hands of large hedge funds to create algorithms that work against private traders? However, if we put aside thinking about the role of companies that use artificial intelligence and the future of such technologies, PsyQuation is an excellent example of openness and accessibility. It allows you to use a huge amount of data about traders’ work and apply it individually to each player in order to increase their competence in trading on financial markets. All this allows us to confidently assert that PsyQuation is not a swindle or a scam.

Summary

PsyQuation company is innovative and ambitious in its goals and in the tools used to achieve these goals. Since the beginning of its operation, the company has focused on the use of artificial intelligence, which allowed it to accumulate a significant base for further analysis and processing of received data.

All this is aimed at simplifying the trader’s work and offering him a product that will make his work easier. Today the project looks good enough, so we will not conclude that PsyQuation is a swindle. However, our users’ feedback about the project will not only protect traders from possible troubles when cooperating with it, but will also have a serious impact on its rating on our project.

Psyquation.com Review

Check if Psyquation.com is scam or safe

This report can help you determine if Psyquation.com is a legit website.

Last updated 9 months ago.

Potentially Safe

The site has a good online reputation.

Read the report below

Check Psyquation.com trusworthiness on WOT (Web of Trust):

This site has an unknown trustworthiness score.

Web of Trust is a web service used by millions of Internet users to rank the safety of websites.

I would personally not trust a website that has a low trustworthiness on WOT.

You can find the following links useful to improve WOT reputation:

Check if Psyquation.com is classified as malware on Safe Browsing:

This site is not currently listed as suspicious.

Google Safe Browsing is a service created by Google Inc. to identify malicious websites.

If the site is detected by Safe Browsing I would personally not visit it.

Check Psyquation.com through multiple third-party security services.

This should help you to better identify scam, phishing and malware websites.

If the site is detected by at least one engine it may be a threat.

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Engine Result Details
Avira Read more
BitDefender Read more
Spam404 Read more
SpamhausDBL Read more
SURBL Read more
ThreatLog Read more

Check Psyquation.com domain with our database of “scam” words:

No suspicious words found in the domain name.

A legit shopping website should not use a branded name (i.e. rayban) in the domain name.

Only the original manufacturer (i.e. RayBan) should use its brand name in the domain name.

This option should help identify potentially fake online shopping sites.

Check if Psyquation.com uses a valid HTTPS secure connection:

This site uses an HTTPS secure connection.

Issued From Let’s Encrypt
Valid To October 2, 2020, 2:00 am

An HTTPS secure (encrypted) connection is recommended for online shops and e-commerce websites.

So when you submit sensitive information they are securely transmitted over HTTPS.

I would never enter my credit card details in a non-HTTPS website.

Check if Psyquation.com is popular among Internet users:

This site has a good online popularity.

Psyquation.com is ranked #468,574 among millions of websites according to Alexa rank.

An Alexa rank higher than 0 and less than 500,000 means the site has a good amount of traffic.

The more Alexa rank is low (but > 0) the more the website is popular.

Check when Psyquation.com domain name was first registered:

The domain name was registered 5 years ago.

A domain created less than 3 months ago is considered new and thus potentially suspicious.

We may not have enough details to judge a website created only a few months ago.

Pay attention if you plan to buy goods from a “young” e-commerce website.

Check if the domain name has a commonly abused TLD:

The domain name has a commonly used TLD.

I would not buy goods from a domain that ends with .XYZ or .CLUB or .TOP.

We check the domain extension (TLD) to see if it is related to commonly abused TLDs.

Many scam websites have domains that end with uncommon and cheap TLDs.

This additional check should help you make the right choice.

IP Address 52.26.251.190
Hostname ec2-52-26-251-190.us-west-2.compute.amazonaws.com
Hosting Provider Amazon.com
Country (US) United States

Before buy something from a new site:

  • 1) Check if the site has a “contact us” web page
  • 2) Avoid online shops that use free email providers (i.e hotmail, gmail)
  • 3) Check if the site shows info about its company (name, address, country)
  • 4) Check if the site has an “about us” or “company” web page
  • 5) Check if the site has a valid VAT or Partita IVA number (EU only)
  • 6) Don’t be fooled by low prices, if it looks too good to be true, pay attention
  • 7) Check if the site has a social profile (Facebook, Twitter, Instagram)
  • 8) Try to always first contact the website owner via email
  • 9) Analyze the domain WHOIS data to find info about the site owner
  • 10) Look for possible English (or other language) grammar errors
  • 11) Do not pay via credit-card, use PayPal instead (easier to get refunds)
  • 12) Verify that the website is certified by McAfee SECURE
  • 13) Never enter sensitive information on non-HTTPS pages

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