Mohotrend.net Reviews

Based on checking the website Mohotrend.net, it appears to be a platform offering “feedback oriented indicators and Expert advisors designed to give traders next-generation visualizations of Forex market.” While the site aims to provide “powerful tools + education to help people participate in financial markets smarter,” engaging in Forex trading, especially through speculative indicators and expert advisors, often involves significant risk and practices that may not align with Islamic principles of finance.

The reliance on predicting future market behavior and the potential for excessive speculation within Forex can lead to outcomes that contradict the emphasis on ethical, risk-sharing, and asset-backed transactions in Islamic jurisprudence.

It’s crucial for individuals to understand that financial dealings should prioritize transparency, fairness, and the avoidance of excessive uncertainty gharar and interest riba. Instead of speculative ventures, seeking genuine, productive investments rooted in tangible assets and ethical business practices is a far more sound and permissible alternative.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Mohotrend.net Review & First Look

Upon initial review, Mohotrend.net presents itself as a hub for Forex trading tools, specifically “feedback oriented indicators” and “Expert Advisors EAs.” The site’s core offering revolves around helping traders time their entries and exits in the Forex market.

They emphasize the utility of indicators in technical analysis, aiming to predict future market behavior based on past and present prices.

This approach, while popular in conventional trading, often involves high levels of speculation.

• User Interface and Navigation: The website features a relatively clean and straightforward layout. Key sections like “HOME,” “PRODUCTS,” “AFFILIATE,” “REFUND POLICY,” “ABOUT US,” and “CONTACT US” are easily accessible through a clear navigation bar.
• Promotional Offers: A prominent banner advertises “Up to 30% off for all products – limited time only,” which is a common marketing tactic to encourage immediate purchases.
• Product Categories: Products are divided into “MT5 Tools” and “MT4 Tools,” indicating compatibility with MetaTrader platforms, which are widely used in Forex trading.
• Customer Testimonials: The site includes a “Your feedbacks” section with testimonials from users, claiming positive experiences and profits. However, these are subjective and typical of many online product promotions.

Mohotrend.net Cons

While Mohotrend.net promotes tools for “smarter” participation in financial markets, several aspects raise concerns, particularly from an ethical and Islamic finance perspective.

The inherent nature of Forex trading, especially through highly leveraged instruments and speculative indicators, carries significant risks and often involves elements that are not permissible.

• Lack of Tangible Assets: Unlike investments in real businesses or tangible assets, Forex trading deals with currency pairs, which are not directly tied to productive economic activity in the same way. Islamic finance emphasizes real economic activity and asset-backed transactions.
• Leverage and Riba Interest: Forex trading often involves significant leverage, which allows traders to control large positions with a relatively small amount of capital. While not explicitly mentioned as an issue on the site, leverage often comes with interest-based financing, or rollover fees that function similarly to interest, which is riba and forbidden.
• Uncertainty Gharar: The use of indicators to predict market movements introduces a high degree of uncertainty gharar. Islamic finance discourages transactions where the outcome is excessively uncertain or involves undue risk, aiming for clarity and transparency in dealings.
• Potential for Misleading Claims: While testimonials are present, the effectiveness of any trading indicator or Expert Advisor is highly variable and not guaranteed. The market is unpredictable, and no tool can offer 100% accurate signals. Relying on such tools can lead to significant financial losses.
• Focus on Profit, Not Productivity: The primary emphasis of the tools is on maximizing personal profit through market timing, rather than contributing to real economic growth or social welfare. Islamic finance encourages wealth generation through ethical means that benefit society.

Mohotrend.net Alternatives

Given the concerns surrounding speculative Forex trading and its potential misalignment with Islamic principles, exploring permissible and ethical alternatives for financial growth is crucial.

These alternatives focus on real economic activity, asset-backed investments, and risk-sharing, avoiding interest riba and excessive uncertainty gharar.

• Halal Investing in Real Estate:
  • Description: Investing in tangible properties like residential or commercial buildings, land, or REITs Real Estate Investment Trusts that comply with Shariah principles.
  • Benefits: Provides stable income through rent, potential for capital appreciation, and is backed by a tangible asset. Avoids interest by using Islamic financing models like Murabaha or Ijarah for property acquisition.
  • Actionable Step: Research Islamic banks or financial institutions offering Shariah-compliant home financing or property investment funds.
• Ethical Equity Investments Halal Stocks:
  • Description: Investing in publicly traded companies that adhere to specific ethical and Shariah screening criteria. This means avoiding companies involved in prohibited activities like alcohol, gambling, conventional banking, arms, or adult entertainment.
  • Benefits: Participates in the growth of real businesses, promotes ethical corporate behavior, and offers diversification.
  • Actionable Step: Utilize Shariah-compliant stock screening services e.g., AAOIFI standards or invest in Islamic equity funds. Look for companies with strong fundamentals and ethical governance.
• Islamic Sukuk Bonds:
  • Description: Sukuk are Islamic financial certificates, often referred to as “Islamic bonds.” Unlike conventional bonds that pay interest, Sukuk represent an ownership share in tangible assets or a specific project, with returns generated from the assets’ profits or rent.
  • Benefits: Provides a fixed-income-like return in a Shariah-compliant manner, supports real economic projects, and offers a lower-risk investment option compared to equities.
  • Actionable Step: Explore Sukuk issued by governments or corporations through Islamic financial institutions.
• Halal Mutual Funds and ETFs:
  • Description: Professionally managed funds that invest in a diversified portfolio of Shariah-compliant stocks, Sukuk, or other halal assets.
  • Benefits: Offers diversification, professional management, and accessibility for smaller investors.
  • Actionable Step: Research and invest in Islamic mutual funds or Exchange Traded Funds ETFs offered by reputable financial institutions.
• Direct Investment in Halal Businesses:
  • Description: Investing directly in small or medium-sized businesses SMEs that operate in Shariah-compliant sectors. This can involve venture capital or private equity arrangements based on profit-sharing Mudarabah or joint venture Musharakah principles.
  • Benefits: Direct impact on real economic growth, potential for high returns, and adherence to Islamic ethical guidelines from the ground up.
  • Actionable Step: Network with local entrepreneurs, explore Islamic crowdfunding platforms for SMEs, or seek out private equity firms specializing in halal investments.
• Precious Metals Gold and Silver:
  • Description: Investing in physical gold and silver, which are considered commodities and forms of money in Islamic history.
  • Benefits: Acts as a hedge against inflation and currency devaluation, and is a store of value. It avoids interest-based transactions.
  • Actionable Step: Purchase physical gold and silver through reputable dealers and ensure immediate possession or secure storage. Avoid speculative trading in derivatives of these metals.

How to Evaluate Ethical Financial Opportunities

When considering any financial opportunity, it’s vital to apply a robust framework rooted in Islamic finance principles to ensure permissibility and genuine benefit.

This goes beyond just avoiding explicitly forbidden elements and delves into the nature of the transaction and its societal impact.

• Is it based on Real Economic Activity?
  • Principle: Islamic finance emphasizes transactions tied to tangible assets, goods, or services that contribute to the real economy. Speculation on mere price fluctuations without underlying productive activity is discouraged.
  • Questions to Ask: Does this investment involve the production, trade, or leasing of real goods or services? Is there a clear, discernible asset or business behind the financial instrument?
  • Example: Investing in a manufacturing company real economic activity vs. betting on currency movements speculative.
• Is there Excessive Uncertainty Gharar?
  • Principle: Transactions should be clear, transparent, and free from excessive ambiguity regarding the subject matter, price, or delivery. High levels of uncertainty can lead to disputes and exploitation.
  • Questions to Ask: Are the terms and conditions of the investment fully understood? Is the risk clearly defined and proportionate to the potential reward? Is there any hidden complexity or unknown outcome?
  • Example: A clear rental agreement low gharar vs. a complex derivative with multiple contingent outcomes high gharar.
• Is Interest Riba Involved?
  • Principle: Any fixed, predetermined return on money lent, without sharing in the actual profit or loss of the underlying venture, is considered Riba and is strictly prohibited. This includes interest on loans, bonds, and conventional banking products.
  • Questions to Ask: Is the return on this investment a fixed percentage of the principal regardless of the outcome? Are there any hidden fees or charges that function as interest?
  • Example: Profit-sharing in a Mudarabah partnership no Riba vs. a traditional loan with a fixed interest rate Riba.
• Is it Free from Gambling Maysir?
  • Principle: Maysir refers to any game of chance or speculative activity where gain comes purely from luck or guessing, without any productive effort or value creation.
  • Questions to Ask: Does the outcome of this investment depend primarily on chance or prediction of market movements rather than fundamental analysis or productive effort? Is there a zero-sum game element where one party’s gain is directly another’s loss?
  • Example: Investing in a startup business risk-sharing, productive effort vs. buying lottery tickets or engaging in highly speculative short-term trading.
• Does it Promote Ethical and Socially Responsible Practices?
  • Principle: Islamic finance encourages investments that have a positive societal impact, promote justice, fairness, and avoid harm. This includes avoiding industries that are detrimental to human well-being or the environment.
  • Questions to Ask: Does the underlying business or asset align with Islamic moral values? Does it avoid involvement in prohibited goods e.g., alcohol, pork or services e.g., pornography, conventional gambling? Does it contribute positively to society?
  • Example: Investing in renewable energy positive impact vs. investing in a tobacco company negative impact.

Mohotrend.net Pricing

Mohotrend.net clearly states the pricing for at least one of its products, the “Ruby Star EA,” indicating a sale price of $288.00 from a regular price of $880.00. This suggests a significant discount strategy.

• Ruby Star EA:
  • Sale Price: $288.00
  • Regular Price: $880.00
  • Implied Discount: Approximately 67% off
• Tax and Shipping: The website states “Tax included. Shipping calculated at checkout.” This implies that the listed price for digital products like EAs typically includes any applicable digital taxes, and physical shipping costs would be relevant only if there were physical products, which is unlikely for this type of software.
• Value Proposition: The drastic price reduction aims to present a high perceived value, making the product seem like an irresistible deal. However, it’s crucial to remember that the true value of such tools lies in their consistent performance, which is inherently unpredictable in speculative markets.
• Subscription Model Implied: While specific subscription details are not explicitly laid out for all products, the mention of “Moho Academy” and the nature of trading indicators often imply ongoing support, updates, or potential subscription tiers for full functionality or access to new tools. Without a clear pricing page or FAQ, the exact models are not fully transparent.

Given the inherent risks and speculative nature of the products, even a discounted price of $288.00 should be weighed against the potential for significant financial losses that could far exceed the cost of the software.

Mohotrend.net vs. Ethical Financial Advisors/Platforms

When considering financial guidance, the contrast between platforms like Mohotrend.net, which focus on speculative trading tools, and ethical financial advisors or platforms that adhere to Islamic finance principles is stark.

The core difference lies in their underlying philosophies and goals.

Mohotrend.net Speculative Trading Tools:

• Focus: Providing indicators and Expert Advisors for Forex trading to “give traders next-generation visualizations” and “help people participate in financial markets smarter” by timing entries and exits.
• Methodology: Emphasizes technical analysis, predicting market movements, and leveraging software for automated or semi-automated trading decisions.
• Goal: Primarily to generate profit through speculation on currency price fluctuations, with a significant emphasis on short-term gains.
• Risks: High risk due to market volatility, leverage, and the inherent unpredictability of speculative trading. Potential for significant financial losses.
• Ethical Stance: Does not explicitly address ethical or religious compliance. The nature of its offerings often involves elements gharar, potential riba, maysir that are problematic from an Islamic finance perspective.
• Suitability: Marketed towards individuals interested in active, high-frequency trading and seeking automated or indicator-based trading signals.

Ethical Financial Advisors/Platforms Islamic Finance-Compliant:

• Focus: Guiding individuals towards investments and financial strategies that align with Shariah principles, promoting ethical wealth creation and social responsibility.
• Methodology:
  • Shariah Screening: Ensures investments are in halal industries and businesses.
  • Asset-Backed Investments: Prioritizes investments in tangible assets, real estate, and productive enterprises.
  • Risk-Sharing: Encourages partnerships where profit and loss are shared e.g., Mudarabah, Musharakah, rather than fixed returns riba.
  • Avoiding Gharar and Maysir: Emphasis on transparency, clear contracts, and avoidance of excessive speculation or gambling.
• Goal: To achieve sustainable wealth growth through permissible means, contributing to the real economy, and ensuring financial dealings are just and ethical.
• Risks: Risks are managed through diversification, fundamental analysis, and avoiding highly speculative instruments. While all investments carry risk, the focus is on permissible and manageable risks.
• Ethical Stance: Explicitly grounded in Islamic ethics, aiming for compliance with Shariah law in all financial dealings.
• Suitability: Ideal for individuals seeking to manage their wealth in a manner that aligns with their faith, prioritizing long-term, stable, and ethically sound investments over quick, speculative gains.

Key Differentiating Factors:

• Underlying Philosophy: Mohotrend.net operates within the conventional, speculative trading paradigm. Ethical advisors operate within an Islamic framework, prioritizing moral and religious compliance.
• Source of Returns: Mohotrend.net’s tools aim to profit from market price movements. Ethical advisors guide towards returns from real economic activity, asset performance, or shared ventures.
• Risk Profile: Mohotrend.net’s offerings are inherently high-risk. Ethical advisors focus on managing permissible risks within a framework of shared responsibility.
• Purpose of Wealth: Mohotrend.net’s implied purpose is individual profit maximization. Ethical finance views wealth as a trust, to be acquired and managed responsibly, contributing to societal well-being.

In essence, choosing between Mohotrend.net and ethical financial alternatives is a choice between a speculative, high-risk approach to financial markets and a principled, socially responsible path to wealth management.

For individuals seeking to align their finances with Islamic values, the latter is unequivocally the preferred and permissible route.

How to Cancel Mohotrend.net Subscription Hypothetical

While Mohotrend.net’s product page doesn’t explicitly detail a subscription model for the “Ruby Star EA,” many software and indicator providers in the Forex niche operate on either a one-time purchase with limited support/updates or a recurring subscription for ongoing access and updates.

If Mohotrend.net were to implement a subscription model, the cancellation process would typically follow standard online service procedures.

Important Note: Since Mohotrend.net’s website does not provide clear instructions on cancelling a subscription if one exists beyond the initial purchase of an EA, the following steps are based on general best practices for cancelling online services. Always refer to the actual website’s terms of service or contact support for precise instructions.

General Steps to Hypothetically Cancel a Mohotrend.net Subscription:

1. Log In to Your Account: The first step is usually to log into your registered account on Mohotrend.net. Look for a “My Account,” “Dashboard,” or “Settings” link, typically found in the top right corner or a sidebar menu.
2. Navigate to Subscription or Billing Settings: Once logged in, locate a section related to “Subscriptions,” “Billing,” “Payments,” “Membership,” or “Manage Plan.” This is where recurring services are typically managed.
3. Find the Cancellation Option: Within the subscription management area, there should be an option to “Cancel Subscription,” “Manage Subscription,” or “Turn Off Auto-Renewal.” Click on this option.
4. Follow On-Screen Prompts: Websites often provide a series of prompts asking for reasons for cancellation or attempting to offer alternatives e.g., pausing the subscription. Follow these steps carefully to confirm the cancellation.
5. Look for Confirmation: After completing the process, look for a confirmation message on the screen or an email confirmation sent to your registered email address. This is crucial as proof of cancellation.
6. Contact Customer Support if Needed: If you cannot find the cancellation option, encounter issues, or do not receive a confirmation, contact Mohotrend.net’s customer support directly. Their website indicates “Our customer service 7am – 7pm Everyday United kingdom time zone GTM” and provides an email: [email protected]. Be prepared to provide your account details.
7. Check Payment Provider If Applicable: If you paid via PayPal or a similar third-party payment service, you might also be able to cancel recurring payments directly through their platform, though it’s always best to cancel through the service provider Mohotrend.net first.

Key Considerations for Cancellation:

• Refund Policy: Review Mohotrend.net’s “Refund Policy” page before cancelling. Understand if any pro-rata refunds are available or if cancellation simply stops future billing.
• Data Access: Understand if cancelling a subscription means losing access to certain features, indicators, or support immediately, or if access continues until the end of the current billing cycle.
• Archiving Data: If the service involves any personal trading data or settings, consider backing them up before cancelling, as access might be revoked.

Given that participation in speculative Forex trading is discouraged, cancelling any related services is a positive step towards aligning financial activities with ethical principles.

How to Cancel Mohotrend.net Free Trial Hypothetical

While Mohotrend.net’s homepage does not explicitly advertise a free trial for its products like the “Ruby Star EA,” it’s common for software providers in this industry to offer trials to entice users.

If Mohotrend.net were to introduce a free trial, the process for canceling it would typically mirror that of a full subscription to avoid being charged.

Important Note: As of the information available on the homepage, there is no explicit mention of a free trial. The following steps are hypothetical and based on industry standards for canceling free trials. Always consult Mohotrend.net’s official website, terms of service, or contact their support for the most accurate information.

General Steps to Hypothetically Cancel a Mohotrend.net Free Trial:

1. Mark Your Calendar: As soon as you sign up for any free trial, make a note of the trial’s end date. This is the single most critical step to avoid unwanted charges. Most trials automatically convert to a paid subscription unless cancelled.
2. Log In to Your Account: Access your registered account on the Mohotrend.net website. Look for login portals, typically found in the header or footer of the site.
3. Locate Trial or Subscription Management: Within your account dashboard, navigate to a section that manages your trial, subscription, or billing. This might be labeled “My Account,” “Settings,” “Billing Information,” “Subscriptions,” or “Manage Plan.”
4. Find the “Cancel Trial” Option: Look for a clear option to “Cancel Trial,” “End Trial,” or “Disable Auto-Renewal” for your free trial. This option is usually distinct and straightforward.
5. Confirm Cancellation: The website may ask for feedback or offer incentives to keep the trial. Follow the prompts to confirm your decision to cancel. Ensure you reach the final confirmation step.
6. Receive Confirmation: After successfully canceling, you should receive an on-screen confirmation message and/or an email confirming that your free trial has been terminated and you will not be charged. Save this confirmation for your records.
7. Contact Support if Stuck: If you cannot find the cancellation option or encounter any difficulties, immediately contact Mohotrend.net’s customer support. Their website lists an email: [email protected] and live chat hours 7am – 7pm Everyday UK time zone. Provide your account details and clearly state your intention to cancel the free trial.
8. Check Payment Method If Provided for Trial: If you provided payment details to activate the free trial which is common, occasionally check your bank or credit card statement after the trial period ends to ensure no charges were applied.

Key Considerations for Free Trial Cancellation:

• Trial Duration: Be aware of the exact length of the trial e.g., 7 days, 14 days and the precise date it ends.
• Auto-Renewal: Understand that most free trials are set to automatically convert to a paid subscription unless actively cancelled.
• Access After Cancellation: Some services allow you to continue using the trial until the original end date even after cancelling, while others revoke access immediately.

Avoiding entanglement with speculative financial tools, even through free trials, aligns with a prudent and ethically sound approach to personal finance.

3. Frequently Asked Questions 20 Real Questions + Full Answers

What is Mohotrend.net?

Mohotrend.net is a website that offers “feedback oriented indicators and Expert advisors” primarily for Forex market trading, aiming to provide tools and education to help individuals engage in financial markets.

What products does Mohotrend.net offer?

Mohotrend.net offers trading indicators and Expert Advisors EAs compatible with MetaTrader 4 MT4 and MetaTrader 5 MT5 platforms, such as the “Ruby Star EA.”

Is Forex trading permissible in Islam?

No, Forex trading, as typically practiced with leverage and speculative intent, is generally not considered permissible in Islam due to elements of Riba interest, Gharar excessive uncertainty, and Maysir gambling.

Can Mohotrend.net guarantee profits in Forex trading?

No, Mohotrend.net, like any other provider of trading tools, cannot guarantee profits in Forex trading.

The market is inherently volatile and unpredictable, and past performance of indicators or EAs does not guarantee future results.

What is an Expert Advisor EA in Forex trading?

An Expert Advisor EA is an automated trading program that operates on trading platforms like MetaTrader, designed to automatically execute trades based on predefined rules, indicators, or strategies.

What is the “Ruby Star EA” mentioned on Mohotrend.net?

The “Ruby Star EA” is one of the specific Expert Advisors offered for sale on Mohotrend.net, marketed as a tool to assist traders in the Forex market.

How much does the “Ruby Star EA” cost on Mohotrend.net?

The “Ruby Star EA” is listed on Mohotrend.net for a sale price of $288.00, down from its regular price of $880.00, with tax included.

Are there any discounts available on Mohotrend.net products?

Yes, Mohotrend.net advertises “Up to 30% off for all products – limited time only” on its homepage, with the “Ruby Star EA” showing a larger discount.

How do I contact Mohotrend.net customer support?

You can contact Mohotrend.net customer support via email at [email protected]. Tepedirect.com Reviews

Their customer service hours are 7am to 7pm UK time zone GTM every day.

Does Mohotrend.net offer a free trial?

Based on the provided homepage text, there is no explicit mention of a free trial for Mohotrend.net’s products. It primarily lists products for direct purchase.

What payment methods does Mohotrend.net accept?

The website mentions Skrill.com in relation to Forex systems, suggesting Skrill is a possible payment gateway, though specific accepted payment methods are not exhaustively listed.

What are the main concerns about using speculative Forex tools like those from Mohotrend.net?

The main concerns include the highly speculative nature, potential for significant financial losses, reliance on leverage that may involve interest, and the presence of excessive uncertainty gharar, all of which can conflict with Islamic financial principles.

Are customer testimonials on Mohotrend.net reliable?

Customer testimonials on any commercial website should be viewed with caution as they are subjective and often curated to highlight positive experiences.

They do not guarantee similar results for every user.

Does Mohotrend.net provide education on Forex trading?

Yes, Mohotrend.net states that “Moho Academy aims to provide the powerful tools + education to help people participate in financial markets smarter.”

What are better alternatives to speculative Forex trading?

Better alternatives to speculative Forex trading include halal investing in real estate, ethical equity investments halal stocks, Islamic Sukuk, halal mutual funds, direct investment in halal businesses, and investing in physical gold and silver.

How do I know if a financial investment is permissible in Islam?

To know if a financial investment is permissible in Islam, it should be based on real economic activity, free from excessive uncertainty gharar, involve no interest riba, avoid gambling maysir, and promote ethical and socially responsible practices.

Does Mohotrend.net offer a refund policy?

Yes, Mohotrend.net has a “Refund Policy” page, which would detail their terms and conditions for product returns or refunds. Mylittlecherie.se Reviews

What does Mohotrend.net say about Forex brokers?

Mohotrend.net emphasizes the importance of choosing the right Forex broker, stating that “researching the top online forex brokers is one of the most important steps of your trading journey.”

Is Mohotrend.net suitable for beginners in Forex?

Mohotrend.net claims to provide tools and education to help people participate smarter, but engaging in Forex, especially with speculative tools, can be complex and risky for beginners, irrespective of the tools.

Why is avoiding Riba interest important in Islamic finance?

Avoiding Riba is crucial in Islamic finance because it is considered an unjust and exploitative practice that concentrates wealth, discourages real economic activity, and goes against the principle of risk-sharing and ethical earning.