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BumbleBeeFX Pro 2.0 Review: is bumblebeefx.com Scam?

BumbleBeeFX Pro 2.0 Review: is bumblebeefx.com Scam?

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We are reviewing a Forex robot that was created by a team that claims to have 10 years of experience in trading and software development. BumbleBeeFx Pro 2.0 EA also comes with a feature that lets traders enjoy fast quotes from Lmax Exchange without registering a real account in addition to a VPS license. These features are very rare and most trading robot developers won’t go that extra mile to provide these add-ons. In fact, this is one of the reasons why BumbleBeeFx Pro 2.0 EA caught our attention. We need to find out whether it’s a real deal or a raw deal for that matter.

The team behind this software are allegedly highly qualified programmers and specialists in the field of trade in the forex and CFD`s markets. They have allegedly tested this software for thousands of hours and even used it on real accounts in order to test the strategy and see whether it is reliable. They also believe that the integration of this software with a fast data feed from Lmax and Saxo Bank data will give this software an edge over its competitors. They also claim that BumbleBeeFx Pro 2.0 EA has received hundreds of updates in its algorithm. We hope this can be demonstrated on the updates log because it is a standard among developers to documents their previous updates. To explain how this robot works, the developer gives the following description: BumbleBeeFX EA is a HFT (High Frequency Trading) Scalper with Hedging Capabilities that engages in Arbitrage. It looks for divergences between prices seen from a given liquidity provider and those being offered by your Broker who is often slower.

Since this expert advisor is an Arbitrage trading robot, it depends on latency that exists between Liquidity provider and Broker within a millisecond. Because banks don’t like it, the BumbleBeeFX EA comes with a user setting that can be used to set time delay so that the software can be used with any broker and without hitches. On top of this, the software license comes with at least one VPS. There are 3 different kinds of licenses which of course come with different price tags. The BumbleBeeFX EA is definitely something of interest and we need to find out whether it’s a viable trading tool in the long run. However, if for some reason you do not trust this developer and his products, we advise that you check out this page for alternative solutions which can help you trade like a professional.

BumbleBeeFX EA review

This team claims that they have been around since 2014 and tested the BumbleBeeFX EA  with many different brokers. The brokers they claim to have tested this software with include USG FX, Forex.com, FXOpen, FxPro, FXCM, Alpari and others. They also claim that their clients have since made big money with this expert advisor. This is a claim we would like to verify through customer reviews regarding this robot. If indeed they have customers who have made big money with this robot, these customers should be able to come out in the open and confess that indeed this is the truth.

Meanwhile, they have ensured that BumbleBeeFX EA is equipped with a number of useful features which they believe will help traders gain consistent returns. However, in their FAQ page, they are telling us that there is no guarantee that we can simulate their trading results. This is a very big problem and it is commonly seen with developers who provide their trading results and yet their followers cannot make the profits which are similar to the ones shown on their sales page. We hope this is not going to be the case here (although the developer has said in advance that we cannot expect to simulate their trading results).

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We can indeed verify that this team created this business in 2014 because domain reg details point back to a specific date in 2014. However, before we can get into the critical details where we will take a look at the myfxbook performance which is touted on the sales page, we need to quickly go through the list of features that are presented on the homepage.

The developer claims that this is the most intelligent and advanced trading robot with self updating algorithm which can adapt to current market conditions. They also claim that BumbleBeeFX EA has a dynamic trading logic and is very profitable while maintaining a low risk profile. In addition to this, the robot is equipped with high slippage and spread protection so that trades can only be executed at the best price possible.

The robot is also optimized to work with any currency pairs, CFDs and metals. There is no specific instrument that it does not work with. We are not sure how this developer was able to create a robot that is optimized for all trading instruments. Most of the time, you will find that a developer can best optimize their expert advisor to work with a few pairs.

The features definitely look impressive. So we want to find out whether the money which they claim to have made through real accounts is a real story.

Myfxbook performance

There is a link to their myfxbook on their sales page. However, this link leads us to a page that does not show their equity curve. Instead, they are showing us a page that has their profile which has listed a number of live trading accounts. The problem with all of the accounts listed here is that they are out of date. There is no live account that is being tracked by their myfxbook account at the moment.

This is a trick that most developers use to deceive potential buyers. How it works is that the developer runs their robot and as soon as it makes some returns, they stop running that robot on the account for fear that it will ruin the potential gains.

Our best advice for you

In as much as the BumbleBeeFX EA appears to be a quality product, the pricing is just not appropriate. Performance proof is also weird. Stick to these tools.

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