Orderflowanalytics

[shortbleu 10]

I've seen their videos on youtube and their website, their software looks great and I am considering investing.

 

Before it decide to invest in their software which costs upto $5,000, I need to know a bit more about this company.

 

http://ofav5.com

http://www.orderflowanalytics.com/

 

There are a few things that worry me about the company. I am not saying they are bad, or that they are a scam, I am just looking for information about who they are, so that I know if it is worth investing or if they will run away with my hard earned money. As such I would appreciate comments from other forumers, especially those who have been around prior 2009 to ensure they are genuine forumers and not vendors.

 

I contacted them, and here is the information I got:

 

- They are a virtual company (I was told they are incorporated in the state of Delaware),

 

- They don't have a physical business address,

 

- They do not provide a phone number and instead they propose to call you, ie you can't trace where they are located from their phone number,

 

- They don't provide a free trial of their software, instead they would show you a video in live of the live market to see how the software works, so that you can verify from your home with your own personnal trading platform that the prices they are showing on screen are genuine. However, I would prefer a free trial and install the software temporarily on my own machine to avoid any sort of manipulation if such a thing is possible.

 

- They ask for an upfront payment of upto $5,000 to buy their software (it's not a lease), whereas most of their competitors would lease you a software on a monthly basis for say $ 50 to $200 a month. If you're not happy with OFA's software after a month or so, you lose $5,000, not just a couple of hundreds $$...

What happens if they shut the door, or take the money and I never hear of them again... They don't have a physical address so I can't knock on their door and make a claim...

 

- From what I read on other forums, like trade2win and traderslaboratory, the other forumers were commenting on the software from what they had seen on the youtube videos or the videos of the website. None of the forumers had actually paid for the software and used it.

 

Once again, the software looks excellent on the videos, but what about the company selling them. I do not believe they have a company registration number and I do not think they are registered with a recognised professional body.

 

Again, I am not saying they are bad, I just find very bizarre they are not even trying to show their potential customers they are a solid and reputable company.

 

I did not have any problems to get the physical addresses, company registration numbers of their competitors, but for Orderflowanalytics / Preveda, nothing.

 

OFA's software seems better than their competitors', but maybe it is too good to be true... You tell me...

[shortbleu 10]

Anyone can help please?

[BlowFish 10]

You can get pretty much all of what there software does from public domain NinjaTrader code (check Gomi's indicators and Prometheus). As to how good there training is I dunno. As you say it's a lot of money to discover that it is not for you.

[MightyMouse 12]

Anyone can help please?

 

From your description of them, they seem to want to distance themselves as much as possible from the user. Intuitively, you know exactly what that means. So, listen to your gut on this one.

[emg 12]

i doubt u will get any feedback from orderflowanalytic users and former users. One reason is nobody wants to spend $5000. Mark my word. I am 99.99% sure any guru systems and add on indicators do not work.

[VolumeTrader2344 10]

Hi all

I’ve seen somewhere on the web that somebody is trying to find a way to crack OFA soft.

Does anyone know anything about it?

I heard this soft is pretty expensive…