Autochartist Review – Many Negative Reviews Point Out Issues

Autochartist Review

Autochartist has been present since 2002. The official ownership belongs to MDIO Software (PTY) Ltd. This firm was registered in Johannesburg, South Africa. The company has a few other offices in Cyprus and Hong Kong.

With a worldwide presence, you would expect quite positive feedback from traders. However, that’s not the case. To find out why, read this Autochartist review carefully.

Company Type AI Trading Tool Service Provider
Legal name MDIO Software (Pty) Ltd
Regulation Not expected
Registered in South Africa
Established 2002
Website https://www.autochartist.com/
Financial Authorities Warnings No official warnings
Contacts E-mail
If withdrawal is possible N/A
Fees Hidden fees
If Active on Social Media: Yes – LinkedIn
Investor Protection: None
Activity areas United Kingdom, United States, South Africa
Main threats MT4/MT5 installation procedure; hidden costs; many negative reviews;
Main perks Various technical and analytical analysis tools

What Do Traders Think About These Tools?

Generally, there are not many Autochartist reviews available and it’s quite strange knowing that they have existed since 2002. Sadly, those currently available online have an average rating of 2.5 stars. Many traders are reporting issues with Autocharting signals, even the ones with higher winning percentage potential.

But the most disturbing detail is the company’s support. In fact, with only e-mail available, it’s hard to get any quick feedback from them. Not to mention assistance if it’s urgently needed. All these tiny details combined can keep traders away from such offers.

What Platforms Does Autochartist Support?

As can be seen, Autochartist MT4 and MT5 integration is one of the most common platform connections. This makes everything way more reliable, but there’s a catch. According to some sources, setting up the software requires downloading additional files. The problem is that those files might affect the security protocols.

Can You Use the Autochartist App On a Mobile?

Indeed, yes. On the positive side, Autochartist Android and iOS app download options are available. Most importantly on trusted stores. 

Also, it appears that traders have shared opinions in the reviews about the app as well. In the end, it all comes down to your experience with the app. But with so many negative comments, you should think about it carefully.

What Assets Can You Track With These Tools?

Generally speaking, the company offers various setup packages. One of the popular features is, of course, the Autochartist Forex trading tool. 

However, other asset classes like stocks, indices, and commodities can be tracked too. But if you are using brokerages like FBS or XM, with all their tools, you might not even need these offers.

Key Monitoring Options Available

You will have the same options everywhere, no matter which company from the partnered Autochartist broker list you use. Most importantly, as long as you trade with their partnered companies, you are not paying anything. 

Anyway, some of the features you might use are:

  • Technical chart patterns
  • Fibonacci patterns
  • Horizontal support and resistance levels
  • Extreme movements
  • Consecutive candles
  • Macroeconomics forecast
  • Volatility warnings

Is There a Demo Available?

Unfortunately, if you are already trading with a broker and you are satisfied with it, it’s quite a big thing just to change it because of this tool. Not to mention that Autocahrtist price is not declared for those who are not using their partnered companies.

There are two options. Either to register with them and change a broker or to use other tools and investment programs. In both ways, you won’t have a trial account for the program. This might be a deal-breaker for anyone who completes the Autochartist sign-up procedure, especially if you know that programs like Funded Trading Plus offer risk-free options to test all your strategies and tools.

Additional Features Available

Besides the trading signals, one of the most popular features is the Autochartist volatility analysis. That’s one of the best indicators you can use to predict market movement. However, with too much negative feedback from traders, it’s hard to trust only that.

Anyway, the company offers some additional features that are not exclusively connected to trading signals. For example, you can use: 

  • Trade setups
  • Risk management tools
  • Content for social media
  • Autorchartist for developers
  • Stock trading features
  • Add-ons for VIP customers
  • Social sentiments

Trading Tools Are Necessary, But How Much?

Nowadays, everyone would like to have AI tools that would do everything for us. Sadly, such sophisticated technology doesn’t exist. Instead, companies offer us adequate tools so we can make better decisions. Still, to understand what those signals mean, we have to understand the market better. If you will be learning how to trade yourself, why not use some better options and rely only on yourself?

The software can easily malfunction or be modified to show you something that doesn’t work. That’s why learning how to trade yourself and still using trading tools can make a whole lot of difference. But how can do do that without a risk? There’s a great solution to that. You can use funded programs like Funded Trading Plus.

You can choose a funded account with up to $200 in the balance and test all your strategies in the challenge phases. Once you find the perfect strategy and pass the challenge, you can get the funded account and up to a 90% profit split. If you want to find out more about how it all works, visit the Funded Trading Plus platform.


What is Autochartist?

Autochartist is a company based in South Africa that has been offering AI Trading tools since 2002.

What is the accuracy of Autochartist?

According to some resources, the accuracy of the signals is between 63% and 82%. However, some traders reported bad signals even when they had 75+% accuracy prediction.

What is the Price of Autochartist?

Autochartist is free if you are using some of their recommended brokerages.

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