Frequently Asked Questions

Read about our most Frequently Asked Questions regarding our Products and Programs

 FAQs

  • While a basic understanding of the financial markets is always helpful in making decisions, it isn’t necessary for you to know anything at all about trading to use Opulent Bot programs. However, we are working to develop an extensive database of training materials for beginner, intermediate and even pro traders.

  • Your Opulent Bot will come with all the training materials you will need to understand how to connect your bot to your trading account, what settings may be adjusted and what each adjustment will do.

    The entire setup process and each setting are explained in detail on our Quantum Docs site (https://docs.opulentbots.com)

    This in addition to our “Office Hours” Zoom sessions and 1-on-1 Support Email Guidance will provide you with all the knowledge necessary to set up your Opulent Bot.

  • Your broker name and account number are necessary to create a unique license key for your Opulent Bot. Your key is directly tagged to your brokerage account and cannot be used on any other account. FOREX account numbers are not like bank account numbers. Your FOREX brokerage account number and investor password allow “read only” access to your account. They cannot be used to deposit, withdraw, or take trades on your account.

  • All payments can be completed using a valid credit card, Crypto (BTC), or bank wire.

  • Long story short - To some degree. Our algorithms are designed for different risk profiles and account sizes. Be sure to select an algorithm and risk profile that is best for your account size, goals and personal risk profile.

    However, we do not offer anything specifically designed for small accounts, like $1,000. Accounts of this size are difficult to manage because lot sizes can only be reduced so far. So a $1,000 account will always run a higher risk of margining out because the account may be forced to utilize most or all of its capital just to open a single trade position, whereas a $10,000 account will only be using a portion of its available equity in any trade.

  • Your monthly maintenance fee keeps your Opulent Bot license active and covers expenses such as customer service and any ongoing updates we may elect to incorporate into your bot(s).

  • While we are not credentialed to provide investment advice, and do not in any way, shape, or form do so, we can and should say this:

    Continually diversify your investments over time.

    Systematically diversify your brokers, trading systems, and investments over time. Just because one system on one broker is performing well doesn’t mean you should go “all in” and let it ride forever. This will take time to do… if you’re a beginner, odds are you’ll be setting up only one account on one brokerage. That’s ok! But you want to have a plan in place to continually diversify.

    Opulent Bots is dedicated to continually releasing the world’s best trading software. As we release new software, you will be notified. It’s a good idea to get several systems going on a few different brokers. Over time, you will then have 4 or 5 systems on as many brokers. This provides much better risk management than a single system on a single broker, where any issue with that one system or broker could cause you a significant financial setback.

    One good strategy is once your initial starting capital has doubled (for example, $25K has grown to $50K), withdraw the initial investment (in this example, $25K) and reallocate it into another system on a different brokerage. Now your original account is trading “house money” and you have a second investment that is completely disassociated with the first. You are beginning to diversify. If you follow this process of reallocation, over time you’ll create a well diversified personal trading portfolio.


    Wealth is not built overnight. People who advertise get-rich-quick schemes are doing just that: scheming. Wealth is built over time through consistency and continually increased diversification. If you’re consistent, you only need to maintain it and be patient; you will reach your goals. If you’re greedy, you drastically increase your risk. Create a planned method of operation for your investments that fosters consistent capital growth and increased diversification over time and stick to your plan.

    Do not trade with money you can’t afford to lose. This doesn’t mean you should let fear stop you from taking any action at all, but it does mean you should act with diligence and care to protect your assets. If you have doubts about what is the right level of investment to make in your trading account, seek professional advice.

  • No. You keep 100% of your profits.

  • Simply select the account size you have decided you will be starting with, leaving room for growth. For example, if you’ll be starting with a $25,000 trading account, don’t select the bot with a $25,000 max. You’ll likely exceed this on week one and have to upgrade. If you’re beginning with a $25k account, the $50,000 or $100,000 option might be right for you.

  • Your Opulent Bot will come pre-programmed according to the setting you choose, and this is a personal choice. All of our historical performance data utilizes our aggressive settings. So, if you’d like to match that average drawdown and monthly return size, stick with aggressive. If you are more conservative, choose conservative. However, we do recommend larger accounts ($100k+) when using conservative settings. Don’t be greedy is a good trading mantra to live by.

  • Unlike some trading software providers, we want to ensure everyone has access to our powerful software. We don’t think it’s fair to charge everyone the same price regardless of how large of an account they will be trading on. Our licensing fees take into consideration average returns we’re seeing across most client accounts, in hopes you’ll recover the cost of your license within a reasonable timeframe.

    Those with larger accounts pay a higher licensing fee. We think this is equitable, and these are our ethics.

  • Opulent Bots are not broker specific. We are happy to provide a list of brokers we’ve seen success on, but you are free to utilize any broker of your choosing. We do recommend you do your research. Look for brokers who are purely “A-Book,” are regulated in a reputable jurisdiction, and have reasonable fees. Avoid brokers that are heavy on affiliate commissions (these are like taxes on your home… they never go away no matter what!), unregulated brokers, and brokers who are known to B-Book their trades. If you don’t know what any of that means, we have plenty of educational materials to help you and also suggest you do a little research before selecting a broker. When in doubt, start small. You can always change brokers and increase your account size later.

  • This isn’t something we can help you with directly, but we are working on a range of educational materials to help you select the right broker. If you don’t know where to start, here are two articles that will give you some basics:

    https://www.investopedia.com/articles/forex/11/how-to-choose-a-forex-broker.asp

    https://www.earnforex.com/guides/7-things-to-consider-when-choosing-forex-broker/

    If     you’d like a short list of brokers we have seen success with, feel free to reach out. However, be aware that Opulent Bots, and our agents, affiliates, officers, and so on have no connection whatsoever to any brokerage, take no responsibility for, and cannot be held liable for, any losses which may arise due to the choice you make when selecting a broker.

  • Our system will periodically ping your brokerage account to check the account balance. This is to ensure your account remains within your licensed account size threshold. But again, we have NO access to take trades, deposit, or withdraw. Our system will have “read-only” access to your account simply to ping it periodically, ensuring your license key remains active.

  • While you can only use your Opulent Bot on one brokerage account at a time, you can switch brokers at any time. If you will be switching brokers, simply email admin@opulentbots.com and let us know. We’ll make the switch for you in the back end and have you up and running on your new broker right away.

  • Opulent Bot trades on MT4.

  • While we design our systems to trade within many of the confines prop funds tend to apply to their traders (low drawdown being an important factor), we cannot guarantee your Opulent Bot will successfully pass a challenge or, even if the challenge is passed, won’t be flagged by your prop fund and your account forfeited.

  • If your maintenance fee is 7 days late, you will be sent a payment reminder. After 14 days, your license key will be switched off. If paid within 7 calendar days of your deactivation date, your license will be restored at no cost. After this 7 days (a total of 21 calendar days from the fee due date) reactivation of your license key will require a re-licensing fee of $500 will be charged, in addition to any outstanding monthly maintenance fees.

  • Item descriptionIn short, yes – of course. However, this would require you to find a custodian who can help you open a FOREX brokerage account tied to your IRA or 401k. We do have a few resources we can share that may be able to help you set up a custodial account. Reach out to us if this is something you’d like to set up.

  • Opulent Bots currently only operates in FOREX, but our founders trade and invest in a range of markets and instruments. We are actively working on creating new softwares that trade in a variety of markets and financial instruments.

  • FOREX is the foreign currency exchange market that banks use to move, on average, over $6.6 trillion US dollars per day between institutions and across borders. If you’re alive and have a bank account or a credit card, you’re routinely taking part in the FOREX market without even realizing it. So no, “FOREX” is not a scam.

    However, because FOREX is a global marketplace, there are no overarching international laws which regulate and protect retail traders like us. The United States has some of the strictest limitations on retail FOREX trading, which has only made the situation in the US worse by creating a vacuum that has forced many American retail traders to fall victim to the actions of disreputable offshore brokers. This is why selecting the right broker is of the utmost importance to the security of your account.

    Fortunately, as the popularity of FOREX trading has increased drastically, so has the selection of reputable brokers. If you find a broker who is regulated in a reputable and politically stable jurisdiction, has been around for many years, and has a good reputation, your investment is likely as safe as any investment can be. If you elect to go with an unregulated broker or a broker known to B-book trades (as examples), you are putting your money at increased risk.