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Broker Profit EA Review: Scam Robot for Trading Forex Pairs

Broker Profit EA Review: Scam Robot for Trading Forex Pairs

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Broker Profit claims it will make consistent returns regardless of the market conditions. The vendor believes that their expert advisor is the smartest solution for automated trading and that traders who want to automate their trading with minimal efforts can utilize the software to their own advantage. While we are tempted to form an attitude against this website based on the way the site is put together, we will not let aesthetics be a part of this review. After all, we are interested in the performance of Broker Profit EA as opposed to the design of the website.

The first thing that we notice with Broker Profit EA is the way the vendor is presenting information about themselves. By the way, this developer is anonymous because their site does not contain information about who they are, what type of trading experience they have and what location they are based in.

The developer is only providing us with a gmail address which can be used to reach their support. If you are really interested in knowing the details of this developer, it is our advice that you email them to find out the most crucial information that you need to know about the company in question.But for those who want to get started with genuine expert advisors right off the but, this link may be convenient because we have listed a number of very good expert advisors there.

Broker Profit EA review

The first thing that we have discovered with this developer is that they appear to be a very lazy lot of vendors since their homepage has no substantial information regarding the vendor’s description of the product. On the other hand, the longest statement from this vendor was copied from a website called smartforextrading.co website. It’s not clear why the vendor decided to copy a competitor’s website. Apart from stealing content on this site, they never bothered to spend time editing the name of the product. The development team is simply not paying attention to details and this is extremely unprofessional or at least we find that this is unethical.

broker profit

Unfortunately, this is the same case with the ”How it works” section of the site. The content was copy pasted and we have no idea why. Also, the reason why they call the service an expert advisor is not very clear because Broker Profit is actually not an expert advisor but a copy trading service. They are providing traders with a trade copier which is then used to mirror trades into their accounts from Broker Profit master account.

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But there are things that are not right with this kind of presentation. For example, the developer does not tell us what type of trading strategies they are utilizing and how they are approaching the markets to generate stable returns as claimed on their sales page. This lack of foresight is something that is very common in the Forex market place. We have experienced it with a number of our past reviews for the various Forex trading products (Forex Black Robot) that work in a similar fashion to Broker Profit.

Break down of product features

The developer provides a list of Forex pairs that they are trading. These include EURAUD, EURCHF, EURJPY, EURUSD, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USDCHF, AUDJPY and AUDUSD. In addition to this, they explain that Broker Profit utilizes a variety of time frames as opposed to focusing on a specific time frame. The cost of subscription is $297 and this is a motivation factor to try digging dipper into the product’s description in order to have the assurance that we will not lose the amount if we decide to subscribe.

The Broker Profit robot comes with a detailed manual, a single license for live and demo accounts as well as 24/7 support. The other mistake that the developer is making is when they present a product and label it 2017 FX trading solution. This shows that the developer has not made basic updates to the site in one year, which is a bad sign because we can’t be sure whether the information that we are getting from this site is up to date.

In other words, the developer of this Forex robot doesn’t seem to care about the robot which they are selling and so we should equally not care about purchasing the robot for $300 unless we want to lose money.

Trading Results

The trading performance of this robot is being tracked by FX blue platform. Unfortunately, we have 71 days of trading results for this robot. If the developer thinks that this is sufficient enough to trust them based on 71 days of trading results, they will end up with disappointment because generally we have a cautious audience and that means we can only recommend a product that has a large sample of trading results. For us, two months of trading is just not enough for us to make conclusions.

Also, this product appears to have been around since 2017 but the developer can’t explain why they are not giving us their previous trading results for 2017 and also the better part of 2018.

Broker Profit robot is showing us a return of  164% in 2 months and a 70% win rate to accompany those numbers. The thing is that these numbers are impressive. However, it also appears that the strategy is very aggressive and risky due to the fast returns that the robot is gaining in a relatively short time. This might lead us to believe that Broker Profit blew the account in question, which is why we don’t have results showing the period between 2017 and now,.

Conclusion

While Broker Profit has convincing results, the sample of data that we have to deal with in our analysis of trading results is so short. Based on this, we are a little hesitant to approve this trading system. What is more, the developer appears reluctant when it comes to updating their site with the kind of information we need. Therefore, let’s opt for these Forex trading robots until we find more info about the robot.

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