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Forex Simulator - trading with real market data

Latest release: 1.0.3 ( 14th December 2020 ) 🔍 Last analysed 12th December 2021 . Not a wallet Not updated in a while
1 thousand
29th October 2020

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

App Description

Forex Simulator offers free credits in order helps you to learn & improve your Forex trading skills - 100% FREE!

You may access trading Forex, Gold, Oil, commonidity, Cryptos with demo credits

  • Most Popular Forex pairs: EUR/USD, USD/JPY, GBP/USD, EUR/GBP, USD/CHF, EUR/JPY, EUR/CHF, USD/CAD, AUD/USD
  • CFDs on Cryptocurrencies available 24/7 - Bitcoin, Ethereum, Litecoin, Ripple and more.
  • user-friendly trading platform designed for any trader with any experience level.
  • Demo and Simulator with free 50,000 USD free credit

The App

The app is a simulator and does not include cryptocurrency wallet functionalities.

Verdict

This app is not a bitcoin wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.

But we also ask:

Was the product updated during the last year? If not, we tag it Stale!

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.