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Best FX Tools Review: Bestfxtools.com Indicator and Robot Scam

Best FX Tools Review: Bestfxtools.com Indicator and Robot Scam

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Best FX Tools (Bestfxtools.com) is claiming to offer the best forex robots and indicators 2020. What most users don’t know is that the platform is over five years old. Why the platform has failed to gain recognition from investors is the reason for this BestFxTools review. They have failed to generate any interest from investors since 2015. One of their biggest flaws is the lack of information regarding the people behind their platform. With unknown developers behind their robots, it makes it hard for their products to get any trust.

Best FX Tools Review

About Best FX Tools

Their homepage is professionally-looking; we have to give them that. They come with a tag line that they offer only modern forex tools. What the vendor is selling is products that don’t have proof of concept which is a huge blow. They have been in the industry for over five years with no proof of their robots working. The least they would have done is use the indicators and robots on their trading accounts. With the results on their hands, it would have made it easy to believe what they sell.

To get a passive and steady income with forex trading, having the right tools is what’s important. Traders should go for forex trading indicators and robots that offer the best performance. And this is what successful traders use. Start using these robots as they do protect your investments at all times.

Best FX Tools is another website that is trying hard to sell products with no performance. What they want investors to do is blindly sign up with unproven products. And this is where they go wrong with all their products. Clients will only go for robots with a proven reputation and those that are transparent. Their products lack both of these vital features which is a letdown. They also fail to give users ample information on the use of these tools. It is one of the reasons why no one is interested in their products.

Assets traded with their indicators and robots

On their homepage, the platform fails to give users any information on their assets. They have over 16 products and yet fail to give information regarding their assets. No one knows whether the robots deal with major, minor, or exotic currency pairs. It is what makes this a ridiculous indicator and robot platform. Investors should be able to know what they are getting into. Lack of such valuable data is a leading cause as to why investors shy away. Even the timeframe is not disclosed on any of the robots.

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Business owner

Details regarding who the owner of this robot is still a mystery. And this is what makes trading with this platform a huge problem. The owners of these products may be scam developers looking to profit from naïve investors. This could explain why their products fail to get any recognition from investors. A product whose developer remains a mystery is a high-risk venture. It seems that the developers want to remain anonymous which is synonymous with online scam artists.

Comments and feedback

There is one scathing comment from a user who claims their sales team abused him. He also claims that his funds were stolen by the robot while trading on an MT4 platform. This could mean that we are dealing with a platform that has other hidden agendas. Since users must download the program, hackers may hide hidden backdoors. And this is the reason why the developer chooses to be anonymous. There are not many reviews regarding this product which is a shame.

Domain details

Records do show that the site went live in 2015. The website bestfxtools.com went live on 6th April 2015. With over five years in existence, they fail to get any meaningful trading experience. And this is why no one else is able to use their products since they lack purpose. Why would they develop products in 2015 and claim they are developed in 2020? These are the mistakes we spotted with this robot which is proof we are dealing with a scam. It could be a team of professional scam artists widening their traps with online products.

Features of Best FX Tools

Best FX Tools Indicator Products

They claim that users can get products for free; investors must sign up and download the program for free. It all sounds too good to be true which is likely the state with this platform. Their main traffic comes from Poland which we believe these scam artists are using to hide their location. They could have their servers in Poland but their base of operation is miles away. And this is why we must expose the use of such products. They are a danger to online traders who simply want to use reliable tools.

License and Registration of Best FX Tools

Best FX Tools is not licensed or registered by any regulator in Poland or Europe. We checked with dozens of regulators to try and find any compliance. The UKNF which is the main regulator in Poland does not have a listed developer under this name. We also checked with other regulators in the region such as BaFIN, CONSOB, CySEC, and FCA. None of them have ever heard or registered such a platform. And this goes to show the extent to which the service provider is risking with investors’ funds.

The platform does not provide any license details to help affirm their cause. A legit trading platform will post their license number for all to see. This helps to show credibility by the developer and the intent to comply with industry regulations. Most of these sites do not offer a money-back guarantee which is a huge problem. Without a money-back guarantee, traders are already on the verge of losing their deposits. If the robot fails to work, no one should expect their funds back.

Limitations of Best FX Tools

Available packages

Best FX Tools is selling indicators and robots to anyone wishing to sign up. The indicators listed on the homepage include Hawindow, Indibluea, and Indihammer. These indicators are from different developers which means the platform acts as a vendor. The robot listed includes EA FOXI V2, EA TRX, and EA BRT. After signing up with any of the robots, the platform will also offer other indicators and robots. Why they fail to mention the other products on their homepage remains a mystery.

Best FX Tools Robot Products

Contact and support

Their contact page has an email and message dashboard where users can send their messages. The support staff is available 10.00 to 22.00 according to the contact’s page. What we noticed is that the contact page does not have a phone number. A phone number is essential as it helps to create one on one communication with the vendor. The reason why the site has no such communication channel is obvious. They don’t want to be tracked down by authorities and victims.

Results and trading strategy

They have used a screenshot with myfxbook account which is not proof of concept. The results come from myfxbook account profile but do not give anyone access. It means the developers can choose to post a single profit from thousands of losses. They should have posted their full results on FX Blue or myfxbook. It is why we must expose their robots as they don’t give any strategy information. They want investors to sign up with a platform that has no information regarding strategy.

Safety of funds with Best FX Tools

The safety of funds is not guaranteed by a developer with no valid license. They may have been able to fool other investors, but not us. Failure to have complied with regulations means funds deposited do not get insurance cover. After purchasing any of their products, even if none of them works, no refund is available. And this is why it is best to sign up with credible trading platforms that cover deposit insurance. Buying any of its products is a waste of time.

Scam or Legit Best FX Tools

Best FX Tools is a scam that must be exposed. Their 2020 products are old indicators and robots which don’t add any value in today’s market. Stay away from the robots or else face the huge consequences of trading with such a product.

Final thought

We have to add this product to our scam blacklist and ensure no one else falls for this trap. These are scam developers with an eye for targeting naïve investors.

Start earning a passive and steady income using reliable forex trading robots. These robots ensure traders safeguard their investments. Go for reliable products that are genuine and transparent.

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