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AugurForex EA Review: Is AugurForex Robot Scam?

AugurForex EA Review: Is AugurForex Robot Scam?

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We are taking a look at a Forex robot that is supposedly optimizing its trading logical automatically, AugurForex EA.

The developer even claims that this is the first time in the history of automated Forex trading to witness such a thing, although we are taking these claims with a pinch of salt because this should be a standard feature in all decent Forex robots, especially the ones that we recommend here.

AugurForex Robot is allegedly going to multiply your money as it can allegedly adapt to any market condition. Augur Forex Robot is as a result of 11 years of their technical team’s expertise.

There are many claims on the sales page and I am already wondering whether AugurForex EA can keep up with those promises or even go beyond expectations.

 

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The domain where AugurForex Robot is hosted at can be found at augurforex.com. The sales page is depriving us of critical information pertaining to the owner of this software.

The developer is unknown, and their 11 years of technical experience in the trading scenes can’t be verified.

As always, they’ve created a contact us page where we can find their email [email protected] and a contact form.

AugurForex Robot Review

The developer tells us that this robot uses a combination of 15 different indicators with fibo retracement. They believe that the higher the number of indicators on board, the higher the accuracy of the signals, which is always not the case though.

They also tell us that AugurForex EA contains a comprehensive mathematical formula for analyzing each trade carefully and can even trade unstable markets through hedging.

We have heard these claims many times before. The problem is that most developers who market like this are always doing a shoddy job at verifying whether their sales gimmick have some truth in them.

With the AugurForex EA, we can even set risk percentage to control risks. The robot will then calculate lot sizing with respect to the risk percentage that we have set. Also, there is an option for trading with fixed lot sizing.

AugurForex EA Review -break down of features

Augur Forex robot does have impressive performance but I do not like the looks of the sales page because it makes me think that this website was designed in the age of the beginning of the internet.

Other than this, I want to see real traders talking about AugurForex EA and what it has done for them. I don’t want to believe that Augur Forex robot is a scam just like the Euro Scalper Pro.

This is a regular MT4 account robot and the developer recommends that the best pair would be EURUSD on a tight spread broker.

This simply means that AugurForex EA is broker dependent and finding a good broker with tight spread conditions is like trying to find a unicorn.

Luckily, we went through the pain of doing research and now you can cut the chase by using these brokers. Pay specific attention to OctaFX in that list.

AugurForex EA trades on the 1 minute time frame but can also apply those indicators on any other time frame.

It is also allegedly ideal for all kinds of traders. They only mentioned that the robot uses fibo retracement, but no explanation of which specific indicators are being utilized in the algorithm.

Secondly, the developer does not go into specific details on how those indicators are being used to execute trades with this robot.

The cost of a license is $299 and the developer is also providing a link to their FXblue account.

What is not clear is how many live MT4 accounts this license is covering. They are also not talking of future updates, which is really important because you don’t want to spend $300 on a trading software only to realize that it is not being updated as frequently as it should or worse still, not updated at all.

Augur Forex EA Review – trading results

Although they are utilizing a statement sharing service, in this case FXblue, we typically prefer that developers should stick to Myfxbook because it is more straight forward and easy to read.

FXblue is somehow not user-friendly, and we suspect that many shady developers and traders prefer it for this reason.

From what we can see, the Augur Forex EA is making 5.5% weekly returns and 25% in monthly returns.

 

This account has been tracking the performance of the AugurForex robot for nearly 2 years now, and what I’m seeing is supposedly stable returns of this EA over many months of trading.

These results are quite impressive. However, FXblue platform can be convoluted in how it presents results and finding a simple metric like draw down can be daunting.

Customer feedback/reviews

Whilewe were thinking that it would be easy to find customer reviews out there, we were disappointed that this was not the case.

The Augur Forex EA has impressive stats but no one is noticing despite having existed for nearly 2 years. This is a red flag. There is a good reason as to why no reviews have come forth.

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Until we see feedback from customers, we can’t believe that the numbers which we saw on their FXblue account are real.

Our best advice for you

Augur Forex robot does have impressive performance but we do not like the looks of the sales page because it makes me think that this website was designed in the age of the beginning of the internet.

Other than this, we want to see real traders talking about AugurForex EA and what it has done for them. We don’t want to believe that Augur Forex robot is a scam just like the Euro Scalper Pro.

And if possible, let the developer reconsider their choice of statement sharing platform. If they were using myfxbook, our work would be easier right off the butt.

So my recommendation is to use these high performance Forex robots. Very cost effective and returns are stable.

PS: If you’d like to give your input on this Augur Forex EA review, comment below.

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