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Forex Combo System Review : Is this EA a Scam?

Forex Combo System Review : Is this EA a Scam?

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Forex Combo System is yet another Forex trading robot promising to transform trading. The software is a product of the company FXAutomater responsible for several other Forex trading tools.

The team at FXAutomater claims that this Forex robot is unique, and this is because it leverages multiple trading strategies. The company further claims that the four strategies the robot uses are proven winners. Additionally, the robot runs on the most popular trading platform, MetaTrader 4.

However, these are not the only aspects that clients look for in a trading robot. There are many other factors to assess before investing in a product. Many companies promise very high returns from their systems. However, many of them are not trustworthy. Moreover, the majority of the systems in the market are exaggerated. They simply cannot deliver on the promises made.

Therefore, investors need to do thorough research before they choose to invest in a product. Ensure you only invest in trading systems that have proven to work for a long time.

Moreover, invest only in the best Forex trading systems to save yourself some trouble. Such companies will give you consistent returns without compromising on your funds. You only need to be patient.

Forex Combo System Review

This system is a fully automated, hands-off trading robot—the developers of this Forex tool claim that it generates consistently stable returns every month. However, we are skeptical that this may not be the case. This Forex robot is a product of FXAutomater. The company is responsible for several other Forex trading tools. Unfortunately, some of their past robots have not been as profitable as the company claims.

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Forex Combo System Review, Forex-combo.com Platform

It is so unlikely that this will be different with this new Forex robot from the team.

The system works best with four major currency pairs, EURUSD, GBPUSD, EURAUD, and EURCAD. However, the developers do not disclose the timeframe the robot works best at.

When it comes to the cost, you can purchase the Forex robot at $147. However, the company is currently running an offer to get the robot at $117.

At this price, you receive five trading licenses. One of the licenses is for a live trading account, while the rest are for demo accounts. Additionally, the company provides lifetime software updates and 24/7 customer support.

The developers guarantee success by providing a 60-day money-back guarantee. Customers can contact them at any point and get their money back without questions.

The website features a countdown clock to when the offer expires. However, this is just a marketing strategy. The countdown resets every time it reaches zero. They are trying to trick investors into purchasing the robot under pressure. They know that people do not make sound decisions under pressure.

We do not appreciate this kind of marketing. The company should allow traders enough time to assess the purchasing decision. Do not fall for such schemes. Always take your time before making major financial decisions.

Founders and Customer Support

While the parent company’s name is provided, there are no names of the individuals behind the operation. It is always a risky move to invest with mysterious individuals on the Internet. The chances of getting scammed are very high.

Legitimate companies see no need to hide their founder’s identity. Moreover, it would be better to verify that individuals with experience run the company. It would make the purchasing decision more comfortable.

Luckily, the company provides customer support. You can communicate with the company by filling out a contact form on the website. However, the company does not say how long it takes to address customer queries.

Trading Strategy

It is always worth looking at the strategy that a Forex robot uses. Typically, this will tell you what kinds of returns you should expect. The Forex Combo System uses four different trading strategies. These include scalping, trend detection, market correction, and range detection.

Scalping

The developers claim that the Forex Combo System scans the markets for high probability trades with low risk. Moreover, they say that the robot works well with small spreads. The only thing is that each trade is for a small amount of profit. Over time, these small profits add up.

Trend Detection

This is another strategy that the robot uses. This strategy allows the system to predict trends to make high profits in the market correctly. Forex Combo System goes over the data at lightning-fast speeds to help traders visualize potential trends.

Further, the software uses the average true range indicator of a given currency pair. Then it uses that figure to determine whether or not to place a trade with the trend detection strategy.

Market Correction

The developers say that this is a crucial part of their trading algorithm. They claim that the Forex Combo System captures deep market corrections at the exact time the current trends are exhausted. Market trend reversal can result in a large pip spread opportunity. It allows the system to bring explosive profits when the market trend reverses.

Range Detection

According to the website, the Forex Combo System uses a robust algorithm to detect a no-trending market status. It then adjusts its trend detection accordingly. This strategy is applied because 50% of all trading activity happens when the market is non-trending. Therefore, the robot allows traders more opportunities to make money.

These trading strategies seem very interesting. We hope the company can back them up with impressive trading results.

Trading Results

Luckily the company provides Myfxbook accounts to showcase their trading results.  There are two trading accounts the company provides. However, both of these accounts are demo accounts. This is a cause of concern. One begs to wonder why the company is afraid to trade a live account using their robot. There has to be something the company is not telling us.

One of the trading accounts shows a +15 return. Additionally, it shows a 1.19% profit per month. This is a minimal amount. Even with $1,000, you would be making peanuts every month. When you count broker fees and extra charges, you will end up with very little profits. At this rate, it would take you years to make any significant growth on your account.

This is another cause of concern. It seems the robot does not produce the kinds of results the company promises.

Customer Feedback

There are several customer reviews that can be found in FPA. Unfortunately, only one of the reviews is positive. The rest are complaining that the robot does not provide the results the company advertises. Overall, the company has an abysmal rating on FPA. Customers have given the system only two stars out of 5.

Final Verdict

It is clear that the Forex Combo System does not produce the impressive results that the company promises. It is evident from the trading results and the customer reviews on FPA. Moreover, the developers of this robot are unknown.

For these reasons, we cannot recommend this Forex trading robot to you. They have many loopholes they need to address before we can fully trust them. In the meantime, there are better robots to will give you better results. Use only the best Forex trading robots if you want to make significant returns.

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