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Bamsbung Review: Scam EA, Trading Indicator and Strategy?

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Bamsbung Review: Scam EA, Trading Indicator and Strategy?

Bamsbung is offering three different trading products on its website. And this is why we had to inform our readers about the three products in this thorough Bamsbung.com review. The vendor is selling Bams bung EA, MT4 indicator, and a trading strategy. These products are all under one roof, and from the word go, we noticed a few grammar errors. With the mistakes comes a realization that the platform’s owner is not native. Another problem is the available results from this product dating back to 2001.

Bamsbung Facebook page

About Bamsbung

When it comes to their online presence in terms of social media, there are no updates on their posts. And we have a feeling that the platform is about to change ownership. During our initial investigation, the platform’s main website directed us to hoteaforex.com. And even the new site has some grammar errors which point to the same vendor. And this is why we are urging users to be more careful when selecting trading tools. Before jumping in on a new platform, do some thorough investigation.

Full pros of trading with efficient trading robots

Here are the benefits of trading with tested and expert-backed trading robots that guarantee safety and furnish investors with reasonable ROI

  • Executes trades without human emotion

These robots offer an advantage in that they offer trading without any emotions and use raw data to speculate the markets.

Unlike humans who are likely to get swayed by human emotions, robots will only use market data to place informed decisions.

  • Fast execution of trades

The right robot ensures you enjoy fast execution of trades with ease. These robots offer a much-needed speed when executing trades.

You get a trading platform that ensures you have what it takes when engaging with the markets and isn’t slow to make decisions.

  • Efficient trading

Based on the parameters used by the trader, the robots will act and trade efficiently using set strategies and styles.

And this ensures every trader can take advantage of the market by infusing their preferred settings such as leverage and spreads.

  • Great profit margins

Every trader wants to each the maximum levels when it comes to trading in the forex market. And that’s what you get with these tools.

You get the best trading tools that hit a consistent profit margin of 85 percent on a yearly basis. It makes them the best forex trading robots to get.

  • Dependable and trustworthy

Our robots are dependable and trusted by experts and the forex trading community. These robots offer safety and hit set targets.

You get robots that work consistently to furnish traders with the best possible outcome. And that’s why you get the best out of them.

  • Support

Apart from offering great performance, traders also incur exceptional support which is crucial when trading.

You get 24/7 support which gives traders the chance to perform and get help when needed by the click of a button.

Bamsbung is another false platform whose developer is unclear on what they do offer. We scouted for information regarding their address since the one provided is inaccurate. It seems that the vendor is trying to indicate they are located in several places. They first show the UK and change it to the United States. They should be more transparent with such information. The fact that they always change their location address is proof of something sinister. And this is why investors should stay away.

Assets covered by Bams bung

The platform is using CFDs, Commodities, Forex, Indices, and Stocks as part of their trading instruments. With the trading instruments becoming more and more accessible to users, the platform is not a valid option. Investors should note that the vendor does not provide useful information on the assets. They fail to provide information on the available currency pairs. The vendor is not clear on the timeframes, as well as the strategy used. And this points to a vendor who lacks trading experience.

Bamsbung License and Registration

Bamsbung is not yet permitted to offer any trading products or services in the States. It was confirmed after we contacted the CFTC and NFA concerning their compliance. The regulator has no robot licensed or listed with the above name. And this shows that investors are in for a rude surprise. They will be joining a platform that does not offer insurance cover for the deposits made. With this risk, it is better to stay away as the vendor is anonymous, with no indication of his experience.

The ethics of such a vendor are the reason why we conduct investigations and posts reviews. Such vendors are out to ruin the lucrative online trading world. They take advantage of unsuspecting investors by offering lame products. Thanks to such reviews, we expose these products and services and protect naïve investors. Without a valid credential from authorities, the products will often wear out. Investors find it hard to recover funds from an anonymous and unregulated platform.

Comments from users

Bamsbung Comments from Users

There have been scathing comments from some of the traders who bought the false claims. They claim that the vendor was not able to allow any withdrawals. When it came to filing a chargeback, the site would go down without any warning. It seems that the vendor was avoiding such claims from users. The MT5 EA trading forum has two comments, all asking about information on the vendor. There is no evidence to suggest that any investor or trader has endorsed this robot.

Developer’s name

The vendor’s name remains anonymous, and this is a huge problem for investors. Those who sign up are freely giving their money to an unknown third party. With evidence showing this is not a Native American, investors should shy away. And this is the reason why an anonymous platform is a terrible news to investors. There is no way of reaching the vendor in case of an emergency. The platform is not on any listed contact page. They try to use google maps, which only points to New York as their location.

Domain profile

With the help of domain checkers, we determined that their servers are located in Ontario, Canada. The platform is old as the site went live on 22nd November 2013. What is evident with this information is that the vendor is lying about their actual whereabouts. A vendor will try as possible to be near their servers. The domain profile shows a lot of changes over the past seven years. There have been five hosting changes over the past seven years. It means the vendor could have sold other forex products by using the same site.

Features of Bamsbung

The robot is automated and has an easy installation process. One of the biggest lies we see is that the robot produces consistent returns. If this were the case, we would all be using the robot. The robot would also have a wide user fan base making it a reputable platform. Since no one seems to identify the robot, these are just mere claims. The robot is said to have the ability to lock the profit. They fail to describe how the robot works, but we bet it tries to use Trailing Stops features.

Pros and Cons of Bamsbung

Available plans

Bamsbung is not clear on the available plans; they just claim to offer indicators and signals. Users should note that the vendor fails to describe the acceptable minimum deposit. With an authentic vendor, everyone will know the prices of each product and its services. The idea behind failing to give the price information is simple. Such a vendor wants to take advantage of investors by asking for different amounts. If one is not careful, the vendor will jack the price and go for exorbitant prices.

Contact and support

As earlier stated, the platform does not have any comments on their social media profiles. We noticed that their Facebook page fails to get regular updates. They have listed an email contact [email protected] for contact. The address is not enough as we sent an email and haven’t received any feedback. It seems that the vendor is hell-bent on blocking all communication. And this is synonymous with online scam artists who hide for fear of being tracked down by authorities.

Results and trading performance of Bamsbung

Bamsbung Trading Examples

The trading results and performance is another missing feature from the platform. They fail to produce any verifiable results. What they do is provide what looks like a chart from 2001. And this leaves us asking whether the platform was live at this time in history. We are dealing with a rogue online trading platform. They should produce their live results on platforms such as FX Blue or myfxbook. It means the vendor has not tested the indicators and signals on live accounts. She/he expects users to do this on his behalf.

Scam or Legit Bamsbung

Bamsbung is a scam, and investors should completely ignore this platform. Investors should also ignore using hoteaforex.com products and services. The same developer is behind this atrocious platform.

Bottom line

We will not be recommending this platform due to the numerous loopholes. The vendor fails to provide any valid trading license and results. It is enough reason for us to block any of his other related products.

Our entire team wishes our esteemed readers a safe trading experience.

One Reply to “Bamsbung Review: Scam EA, Trading Indicator and Strategy?”

  1. × Alert!
    • - Can't withdraw your funds from this fraudulent company?
    • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
    • - Or is there an excessive delay in processing your withdrawal?
    • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

    It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


    Click the button below, fill out the form to recover your lost funds from this scam company


    Click Here To Recover Your Stolen Funds

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