Forex Scalper EA Review: Is it a Scam Robot?

Forex Scalper EA calls themselves the best fully automated Forex scalping robot. The company promises to give you returns you are yet to see in the Forex market. It is common for companies to claim they are the best in the market. However, it takes more than just saying it. There are many aspects of a company that makes it worth investors’ money.

Therefore, you should always take your time assessing a company to make sure they can deliver on their promises. That is the only way you can ensure you don’t lose your hard-earned money to scammers in the market.

Forex Scalper EA claims their robot is ideal because it works well with multiple currency pairs. Further, they claim the robot operates with deadly accuracy levels. We hope they can back this up with an impressive trading performance record. Otherwise, these are only empty words that anyone can say.

In this review, we will be assessing the results and other aspects of the company for you. In the end, we will tell you whether this company is worth your money. In the meantime, there are legitimate Forex trading robots that will help you make significant returns.

Forex Scalper EA Review

The website for Forex Scalper EA is very unprofessional. It is full of grammatical errors and spelling mistakes. Moreover, all the information is cramped on a single web page. It is clear that we are not dealing with professionals in this company.

Luckily, the company provides an email address you can contact them through. You can get in touch with the company by emailing [email protected].  However, this is not the most reliable contact method. We know that emails can go unanswered for days. We would rather have a phone number to call a company.

The company claims the robot works well with the MT4 trading platform, which is a good thing. MT4 is the most popular trading platform in the market. Additionally, they claim the software does not depend on an indicator to operate. Therefore, they say you do not need additional tools to use the software.

The company wants you to believe that you can make a lot of money without lifting a finger. Sadly, many companies that promise this cannot deliver impressive results. They only say this to attract eager investors in the financial markets. We hope that Fore Scalper has remarkable results to back up their claims. So far, they do not seem like the company that can deliver on what they promise.

These are people operating in a very sketchy manner. They are not concerned with customer satisfaction. Their only interest is to get your money. Moreover, they do not inform clients about the risk involved in trading. Every company is required by the law to provide a risk disclaimer on its website. This company does not do that.

Founders and Physical Location

A company must inform clients who run its operations. This will allow clients to verify whether experienced individuals run the company. Unfortunately, the website does not introduce us to the people behind the operations. This is a cause for concern. No legitimate company sees the need to conceal the identity of its team members.

Moreover, we cannot verify that these people have any kind of experience in Forex trading. A wealth of knowledge and experience is critical for the success of a trading robot. Sadly, we cannot verify that this will be the case with this company.

Furthermore, the company does not tell us where they operate from. This lack of transparency is common with fake companies. They hide critical information from clients to stop anyone from tracking them down.

There are many risks involved in investing with unidentifiable people on the Internet. There is no telling what they are willing to do to steal your money. They might take all your money and disappear without a trace. Do not send such people your money. Otherwise, you will have no one to turn to.

Pricing and Features

There are three main investment plans that a customer can take. These three investment plans differ in price according to the number of licenses a client wants to purchase. For a single license, the company asks for $199, and $299 for two licenses. Further, you can buy unlimited licenses at $599.

With the robot, you will be able to trade automatically six major currency pairs. Additionally, the company promises to provide 24/7 customer support and free lifetime software updates. Further, they claim the software works well with all brokers.

However, we have a problem with the investment procedure. The company asks you to pay for the license, and then you email them to send you a link to download the software. This is a very unprofessional way to do business. There is no guarantee that the company will send the link after you have sent them your money. Furthermore, there is no trial program or a money-back guarantee.

Trading Strategy

Forex Scalper EA makes an effortless attempt to describe how their Forex robot works. They claim the robot analyzes data to find the best entry point and the best exit point. Additionally, they say the software automatically calculates the lot size of the orders based on the risk value.

This description is as vague as it gets. It gives no insight into the market setups the robot looks out for in the decision-making process. These are simply empty words that anyone can write on their website.

This is inexcusable in this day and age. Professionals know that revealing such critical information to clients is a must. It helps investors determine whether a robot suits their financial needs.

Trading Results

The website features screenshots of the results of backtests from 2010 to 2020. Additionally, the company features a video on the website that shows further trading results. However, the video is of low quality, and it is impossible to tell whether the robot is profitable or not.

Moreover, these results are from running the robot on automated mathematical algorithms. It is impossible to tell whether the robot can perform well in real market conditions.

Customer Reviews

The website features a few short customer testimonials. However, these are not reliable. The reviews are very short and seem fake. Moreover, the website highlights some phrases on the reviews that promote the image of the company. We are convinced these are fake reviews. The company uses them to lure customers into thinking they have many satisfied customers. Until we see customer reviews from external sources, we cannot take these as genuine.

Final Verdict

We cannot, in our right minds, recommend this company to you. The design of the website is an indicator that we are not dealing with professionals here. Moreover, the company lacks transparency in the most critical areas.

The owners have chosen to operate in full secrecy, and they do say where they operate from. Moreover, the company does not offer insight into the trading strategy the robot uses.

Under these conditions, it is easier to get scammed than it is to make any money. If you are looking to make genuine money in the Forex market, we recommend you only use the top Forex trading bots that have proven to work for a long time.

>