Broker Review · last checked July 2, 2026
Forex Diamond Review
Forex Diamond is an automated forex trading EA, not a regulated broker. We assess what the official site reveals, what remains unverified, and essential checks before using it live.
- Reviewed against official site materials and regulator guidance
- No regulatory claim is made without a source
- Best viewed as software due-diligence, not broker approval
Forex Diamond at a glance
Listing status: Review Only · unknown, higher risk, legacy
Our verdict
Forex Diamond is a heavily marketed EA with limited transparency on ownership, pricing, or broker ties. It works with MetaTrader 4 brokers, but there’s no sign of regulatory registration for Forex Diamond as a firm or authorised broker. The main risks include performance uncertainty, plus counterparty and refund risks if the checkout, support, or associated broker experiences problems.
Pros and cons
- the site confirms MT4 compatibility and shares backtest and performance info
- a 30-day refund policy is stated in the terms
- no publicly verifiable broker licence for the Forex Diamond brand
- strong performance claims lack independent proof
- corporate details, fees, and funding information are sparse
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Evidence notes |
|---|---|---|---|
| Forex Diamond / FXautomater | Not Verified In Public Registers | Official website | EA/software brand; site terms name FXautomater team/company, but no legal entity number found. |
| Forex Diamond brand website | Broker website / support centre | Official website | Official site sells paid Expert Advisor software; terms mention 30-day money-back guarantee. |
Key facts table
| Topic | Detail |
|---|---|
| Official website | Forex Diamond EA official site |
| Product classification | Trading software / Expert Advisor |
| Suggested platform | MetaTrader 4 |
| Execution style mentioned by the site | Works with MT4 brokers; older blog mentions ECN-type order fulfilment |
| Refund language | 30-day money-back wording appears on the terms page |
| Best for | Readers who want to verify a forex EA before paying |
| Main risk | Marketing claims may outpace independently verified evidence |
This table is intentionally conservative because public disclosure is limited.
Alternatives to Forex Diamond
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 cTrader | 48 | No universal broker licence applies; broker-specific regulation only | cTrader Web, cTrader Desktop, cTrader Mobile | Traders who want cTrader as a platform choice, Users comparing broker offerings that include cTrader, People who value clear separation betw | Read review |
 TradeLocker | 36 | No clear public evidence found | Web, Desktop application, Android app | Traders comparing chart-first trading interfaces, Users who want web, desktop, and mobile access, Broker or prop firm partners evaluating pl | Read review |
| GFGPS Forex Robot | 18 | No clear public evidence found | MetaTrader | Readers specifically researching a legacy forex robot before purchase, Users who want to verify product terms, refund language, and billing | Read review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
External rating snapshot
| Source | Original rating | Normalized /10 | Caveat |
|---|---|---|---|
| Trustpilot profile for www.forex-diamond.com | 3.2/5 | 6.4 | User reviews are sentiment only and are not proof of regulation or product quality. |
| Scamadviser for forex-diamond.com | Low trust score / scam concern wording | Not normalized | Automated trust scores are not regulatory evidence and should be treated as context only. |
Only public third-party sentiment was used, not as proof of safety.
Overview
Forex Diamond is sold as an Expert Advisor (EA) trading tool through its own website rather than as a regulated broker with a public licence. The site says it works with MetaTrader 4 brokers; older blog posts mention compatibility with MT4 and ECN-style execution. But compatibility with platforms doesn’t equal regulatory approval. Treat Forex Diamond as software that may impact trading results, not a licensed financial intermediary.
Safety and regulation
There is no public regulator record showing Forex Diamond is authorised as a broker or investment firm. The FCA’s Financial Services Register is the official list of authorised firms, and it highlights unauthorised forex operators. Because Forex Diamond focuses on software, you must independently verify any broker you plan to use on the relevant regulator register before funding an account. If instructed to open an account with a specific broker, check that broker’s authorisation, legal entity, and exact website domain before depositing money.
Fees, account, and platform details
Forex Diamond is designed for use with MetaTrader 4 brokers; a blog post also notes compatibility with MT4 and ECN-style order execution. The site includes a 30-day refund policy in its terms. However, no clear fee schedule, minimum deposit, live spreads, or detailed account types appear on the official pages. This is a significant due-diligence gap: before buying, confirm total software costs, any recurring fees, the broker account type required, and whether your broker permits EA trading, scalping, or third-party automation.
Deposits and withdrawals
Forex Diamond is software, so its site does not handle trading-account deposits or withdrawals. Any funding or withdrawals depend entirely on the broker you use. The terms mention a refund policy for the software purchase, which is unrelated to broker withdrawals and should not be confused with cashing out a trading account. Before paying, review the checkout payment methods, refund conditions, processing times, chargeback policies, and whether you must deposit with a broker to run the EA.
Country availability caveat
We found no reliable public list of countries where Forex Diamond is available and do not assume it can be used everywhere. Availability depends on the broker you choose, local regulations, and restrictions from the software or payment processors. UK residents should note the FCA advises checking its Warning List and Financial Services Register before dealing with firms offering financial services. Always confirm local legality before buying or linking a live account.
Alternatives
If you want regulated forex trading, prioritise the broker’s authorisation over software seller claims. Consider fully regulated brokers in your area and transparent strategy tools that clearly disclose costs, supported brokers, and refund terms. For automated trading, compare any EA against demo results, verified live track records, and your broker’s automation policies before risking real money.
Common questions
Is Forex Diamond a regulated broker?
No public regulator register lists Forex Diamond as an authorised broker or investment firm. It appears to be software rather than a regulated broker.
Is Forex Diamond safe?
No automated trading product is inherently safe just because it has a website or refund policy. Key checks include authorisation of any linked broker, payment security, refund terms, and whether your broker permits the software.
What platform does Forex Diamond use?
The official site and blog mention compatibility with MetaTrader 4. Confirm your broker supports the specific EA setup you plan to use.
What is the minimum deposit for Forex Diamond?
No public minimum deposit is stated on the official pages. If a live broker account is required, the broker will set its own minimum deposit.
Does Forex Diamond support deposits and withdrawals?
Forex Diamond is software, so all deposits and withdrawals depend on the broker or payment processor you use. Check those terms separately.
Does Forex Diamond offer a refund?
The terms page includes a 30-day money-back policy. Read the details carefully; software refunds differ from trading-account withdrawals.
What should I verify before buying?
Check the website domain, seller’s legal identity, refund terms, whether your broker allows the EA, and the authorisation status of any broker you’ll connect with.
Check the details yourself
These are the pages we relied on. Read them before you open an account or send money anywhere.