Is Edamame safe? How your funds stay with your broker.
Edamame is a software automation platform, not a broker. Your trading account, your money and your withdrawals stay with your own regulated broker, and Edamame has no ability to hold, transfer or withdraw funds. This page explains exactly what it can and cannot do.
Safe custody is not the same as safe trading. Gold trading carries risk and losses are possible, whether you trade manually or with automation. Read the risk disclosure.
Software. Not a broker.
Edamame connects to an eligible MT5 broker account. The broker holds funds, provides execution and controls account infrastructure. See which brokers work
Your funds never leave your broker account.
Edamame connects to your broker account solely to execute trades according to selected strategy parameters. It cannot access, transfer or withdraw funds.
What Edamame cannot do
Cannot hold your funds
Cannot withdraw your money
Cannot transfer funds
Cannot replace broker custody
Security built around the connection.
Edamame never sees your broker login. The connection runs on a private VPS that you control, and MT5 handles the trading communication.
Private VPS
Edamame runs on a private VPS environment that keeps your trading setup isolated from other users.
Encrypted MT5 connection
Trading communication runs through MetaTrader 5's own encrypted connection to your broker's servers.
Credentials never stored
Your MT5 details are entered directly into your VPS. Edamame does not store them.
Regulated brokers
Edamame works only with regulated MT5 brokers that support XAU/USD and the required account conditions.
Safety and regulation FAQs
It depends what you mean by safe. Your funds are safe in the custodial sense: they stay with your regulated broker and the software cannot touch them. Your capital is not safe from market risk. Gold is volatile, automated systems can lose money, and no strategy removes that. Automation removes the emotional decision, not the risk.
Nothing moves. Your money stays in your own trading account with your own broker, in your name. Edamame places orders in that account and has no withdrawal or transfer rights over it. If you stop using Edamame tomorrow, your broker account and its balance are unaffected.
A broker is a regulated firm that holds your money, opens your account and executes your orders. A trading robot, or EA, is software that decides when those orders should be placed. The broker is responsible for your funds. The robot is responsible only for the trading decision, inside the settings you choose.
Edamame is a trading automation product from Edamame Technologies Ltd, with its strategy shaped by trader Avramis Despotis. It is software, not a broker, and it never holds client money. It does not promise profits, and anything claiming guaranteed returns from a gold EA should be treated with suspicion, including on this site.
Yes. You can pause or stop Edamame from your dashboard at any time, and it will not open new positions once stopped. Your broker account stays open and under your control either way, since Edamame never holds your funds. How to stop and resume trading →