Hydra App is supposed to be a new expert advisor for trading forex that was created in February 2017, and now released to the public in April 2017. Just a warning before you deposit money at the broker, you should know that the broker is a scam. You can read more about how the scam works, see here.
Hydra App Software Scam
The way the Hydra App Software scam works is actually pretty simple, so please take two minutes to carefully read the review of Hydra App. You know what they wrote on their website, right? “The App that Makes me $5,025 every 24 Hours!”
Scam Alert! We have literally reviewed hundreds of online trading software scams that promise large returns, and most of them are fake.
If you email the contact on their website, you will not receive a reply from them. If you ask how much money you need to deposit in order to make $5,025 a day, they will probably tell you $50,000.
Hydra App Software Review
Take a look at the screenshot below, and you will see what happens after you deposit money with the Hydra App software. They take you to a download page which has 2 links. One for the MetaTrader4 software, and one for the MetaTrader4 Expert Advisor software. Both of with are available at all Forex brokers in the world. These are not unique or special for Hydra App.
If you want to see something unique, take a minute to read the review CMTrading which is a licensed broker with copy trading abilities.
Offshore Forex Brokers
FCA United Kingdom Warning!
Each week the FCA releases new warning about online Forex brokers that are unlicensed and operating against the law, see here.
Sadly, there are many new investors who get excited when they watch a convincing video like we see Hydra App released, and they think they too can make insane money with a secret software.Besides for the inherent risks of using an automated trading software, the bigger problem is using an offshore broker, which is just a front company, setup to steal your money. There is a good chance that the broker assigned to you by HydraApp is not licensed or regulated by the FCA.
Be a smart investors and look at the list of popular licensed broker, see here.