This is an expert advisor that deals with Forex and claims to be an automated Forex trading software that heavily applies the Meta trader platform. Looking at this Forex trading platform, we found that it deals in the following currency pairs, EURUSD, GBPUSD, USDCHF, AUD USD.
Several tests have been done to try and validate whether this Forex automated software is legitimate. Interestingly, tests were carried out, but the results were never handed in. They also claim that traders should steer clear from their usual jobs from 9 to 5 and passively accumulate money in the bank accounts using this platform.
This review will try and help one come up with a much more sound decision regarding this automated Forex trading platform. Momentarily, investments in Forex and cryptocurrency have been on this spike, and this has, in turn, created a loophole for malicious, fraudulent, cyber personalities to extort unsuspecting traders and investors.
Thus to refrain from encountering such events, kindly seek help from legitimate Forex trading platforms and ensure that whomever you are dealing with is renowned and reliable.
Nowadays, several vendors have come into play to offer and showcase their prowess by coming up with different software that deals in Forex and cryptocurrency. However, on this account, it is advisable always to make sure that before someone has in hand mandatory data to enable that make sound and profound decisions.
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There is also no provision of any form of company data, a trade history, or any data that showcases the trader’s progress before the condition of this automated Forex software. This is an evil trait, and search elements tend to tarnish a companies rapport and end up creating doubts in the minds of prospective traders. These are a few of the aspects that we should be looking for whenever we want to come up with profits and abstain as much as possible from unnecessary scam.
This automated Forex trade software offers three different investment plans. Let’s take a look at these plans; The first plan goes for $149 and comes along with one real license and one demo license accompanied by free updates and 24/7 support.
The second plan is the one that goes for $249. It comes with two fundamental rights and two demo licenses accompanied by automatic updates and 24/7 support. The final plan goes for $299 add comes along with four real licenses and four demo licenses.
Just like the other two, the supplement services are 24/7 customer care support and free automatic updates. If we can only take a look at this provision and try to decipher whether the pros outweigh the cons, whenever one wishes to come into a contract with this vendor, there should at least be a provision of unlimited demo accounts.
See, the total requirement of demo accounts facilitates an amateur trader’s training and does helping inculcate both prerequisite mastery in trade, thus enabling them to carry out successful transactions later on in the future.
There are some prevalent features that this vendor claims that make this automated Forex trade software outstanding and unique. These include; a guarantee of profitability under all market conditions, real account proof, an easy installation process, and no need for prior experience to commence trading as the platform does everything for the trader.
This expert Forex advisor boost of application of this strategy for six years and claims that a team of experts created it but bothered not to provide any data on this team. There is no provision of a glimpse of the strategy which the trade approaches the market with, but only claims of benefits without giving the causes of these benefits and this is an apparent lack of transparency, and the software being a Forex type going for $149, the strategy is anonymous, and it operates on an M5 timeframe.
Online reviews and customer feedback
After immense investigation on several claims made by customers on the internet, we were able to come across claims that the money-back guarantee was false. A customer claims that they’ve tried contacting them to provide a money-back guarantee, but the emails have just been snubbed and left not replied.
Some also claim that the average monthly profit displayed is higher than the actual monthly profit gained and that the vendor also hides losses encountered from charts. Thus, this leaves us with only one conclusion: that the data provided on the website is manipulated and untrue.
Some customers claim a lack of activation of live accounts and the application of new settings on customer accounts. Some customers claim that it operates on Grid and Martingale systems, which are deemed very risky. I honestly bet that no one wants to encounter the same.
On the website, there is the provision of a sing Fxblue trading accounts that have been in operation for 71 days. Their performances have a total return of 155%, with two drawdowns of 2.2%. The average trade length is 16.5 hours, and a total of 392 trades have been carried out within the past two months.
The win rate is below 50%, and an average win of 25 eight pips and the loss of -12 pips. The vendor provides the chart with a drawdown that makes no sense and seems not to correlate with respondent data. There should be at least a provision of on myFXbook.
Nature of website and supplementary charts
Taking a look at the nature of the website, it is quite vivid that the website lacks the required sparkle and glam, which leads to the attraction of Internet streamers and navigators.
See if they have not bothered to have attractive websites in play, this also means that the same vendor who provides an outdated in the messy website will not be willing to put in much investment and effort to ensure that the trades carried out end up turning out successful.
Domain and Alexa rank
It was registered on August 22nd, 2019, and expired a couple of a few days ago. A Whois.com update was lastly done on August 22nd, 2019, with the registrar being www.namecheap.com.
The IP address is given as 18.104.22.168. The country of residence in the United States from America and the site is powered by the Apache web server, which is located in Los Angeles.
There are false claims that are site possesses an Alexa rank of 249541, yet when we checked using the official Alexa rank website, there was no trace of a rank. It is a clear indicator that it has not accumulated the required traffic, and it is also not old enough to boast of experience.
We all know that vast amounts of money are being exchanged daily on the market in a way, creates a possible chance of one having a passive form of drawing off these immense sums.
Consequently, there has been a rapid increment in the number of personalities who tend to use this loophole to extort: both unsuspecting and prospective traders fraudulently.
On this account, we would advise any Forex trader out there always rely on credible and legitimate Forex trading software, especially if platforms claim to be automated.
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