AutoFXPro (Autofxpro.com) is claiming to give users the ability to take advantage of technology. The vendor professes to offer traders make automated and systematize trading for all. And this is what makes trading with this platform all the riskier. With complaints coming from all over the world, something’s amiss with this platform. And this is the reason why we are conducting this eye-opening Auto FX Pro review. With false claims being their currency, we plan to expose the traps set by the vendor.
When it comes to the actual details of the platform, the vendor pushes this away. There is no information on the platform’s trading background and history. And this points to a platform that will stop at nothing to get your funds. The vendor has listed several features that look appealing to the eye. Before committing to this platform, there are a couple of items to check out. The vendor is nowhere near what seems like an open platform. We have proof of their undercutting when it comes to offering actual trading services.
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A first glance at their homepage reveals AutoFXPro is operated by a professional. With an alluring presentation, the information on their homepage is music to a trader’s ears. And this is what the developers are targeting, the audience of both experienced and novice traders. If you look closely enough, you will notice there are some mistakes. The vendor will try as much as possible to dispute or refute any errors on their behalf. Thanks to this review, we will give a quick view of the entire platform.
AutoFXPro is not a good trading platform as it does not produce any license documents. The entire homepage has no information that would suggest authorities regulate the vendor. Without a valid license, it puts all traders at crossroads with the vendor. There is no money-back guarantee on the products. Another problem is that the vendor does not offer insurance cover for deposits. It keeps users facing the risk of having to recover funds if the vendor closes shop. With sixteen IP changes, it is clear the vendor can shut down at any point.
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With their servers being located in the States and complaints mostly from Europe, we dived deeper. The regulators in both America and Europe have not heard of this platform. We checked with the CFTC and NFA, who plans to issue a press statement on this platform. Regulators in Europe plan to issue a ban on this vendor. These regulators include BaFIN, CONSOB, and FCA. With data already out that the vendor lacks in regulation, the risks are enormous. It is wise to stay away from such a vendor as there is no telling when the vendor shuts down. These vendors are in the business of ensuring naïve investors deposit with them.
On their homepage, the developer claims to be in 52 different countries. The homepage further states that the platform has 100 percent user feedback, which is not the case. Another issue with the homepage is the download claim of 16.000. What is clear is that the person behind this homepage has an idea of what automated trading is about. And they take advantage of this expertise to offer a shoddy trading platform. There is nothing professional about this trading platform.
With no information about who is behind the curtain, this remains to be an anonymous platform. We could only get a name on their Facebook account with the name Mr. Kien. After further investigations, we found out that Mr. Kien is working as a support agent. The support agent is located in Vietnam. And this throws away any credibility as Mr. Kien is not able to give details of the owners. Their social media platforms have no information on who the actual owners are. And this is disappointing as an anonymous platform is a risk to any type of trader.
When we look at the domain information of the site, a lot of information is exposed. The site went live on 28th February 2014. As when updating this post, the platform is six years old. Upon further scrutiny, we found out that the platform has made several IP changes. According to domain checker tools, there have been sixteen changes so far. The changes occurred in the last thirteen years. And this shows that the site was operating under a different name. The vendor could have been selling other scam products with this domain.
We can agree with the vendor that they have a friendly website design. It is the only commendable feature we noticed with the platform. The vendor’s myfxbook profile page is missing, which means he deleted the results. Apart from having a non-existing vendor, a lot leaves to be desired. The platform is not able to give information on the full features of their services. With claims of maximizing profits and protecting investors, there is no guarantee the vendor sees them through.
AutoFXPro offers ten different packages on its product page. Listed packages include Local trade copier, remote trade copier, and remote trade copier limited. The Forex products include Auto Trade Driver, Forex News Loader, Forex News Power Pack, and Forex Trader. Money management products available include currency power indicator, my money manager, and trade controller. These products all offer different features, but none of them delivers on the promise of making users profit.
Once you click on the chatbox, you get a disclaimer that there are no agents available. Users have to leave a message and expect a response via email. We did leave a message and have not received any response from the support staff. The contact page has a Skype logo, but there is no user profile. What is weird with the contact page is that there is no phone number. The phone number is crucial as it gives users direct contact with the vendor. This vendor wants to remain unknown.
The disclaimer at the footer of their homepage shows a platform with various depository options. These include Bitcoin, MasterCard, PayPal, Perfect Money, Skrill, and others. What the vendor fails to disclose is that any user who deposits funds with them gets no refund. No depository channel will allow users to get their funds back. The vendor will claim that the funds were for services rendered. With this statement, the bank won’t be in a position to file back your funds.
There is a myfxbook profile under this account’s name. The only problem is that the profile is blank. It seems the vendor chose to shut down the results. Without valid results, we won’t be able to determine whether the platform works. It is our experience that an anonymous trading platform is not enough to protect users. Without the performance, all the vendor is doing is furnishing users with profit simulations.
AutoFXPro is a scam as it does not provide any valid trading documents. The platform is also at fault for failing to disclose the developers behind the platform.
We won’t recommend a platform with no results and has no trading documents from a regulator.
There are better ways to trade with safe and transparent bots. Go for authentic forex trading robots with an eye for success. Ensure you deal with the best forex trading robots that money has to offer.
We wish all our readers a safe trading experience.
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