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Forex Trading Robot DAVE Review: Is this a Scam?

Forex Trading Robot DAVE Review: Is this a Scam?

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Forex Trading robot Dave as the name suggests, is supposed to be a bot to help investors earn profitably from Forex trading. They claim to be the best forex trading robot in the market, but do not be so quick to fall for the catch as we unravel some of the red flags exposed by this platform in this unbiased review.

The package costs $200, but investors receive an offer, which lowers the cost to $100. You are also entitled to one license that works on only 1 MT4 account.

Investors that promised easy-to-follow instructions and that you only need 5 minutes to complete the setup and run the system. The trading robots promise investors to trade in multiple currency pairs in your account while earning massive returns.

Forex Trading robot Dave entitles you to a lifetime update and that you don’t have to incur annual costs with no expiration of the software. Once you receive the trading EA, the user manual is sent immediately by email after a successful purchase.

 

Forex Trading Robot DAVE Review, Forextradingrobotea.com  Platform

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The Company accepts various payment methods, including PayPal, Visa, Amex, MasterCard, among others. Investors can also receive a similar package Dave standard, which operates with MT5,  platform.

They claim that the platform is easy to use and that you only have to download and install the software on the MT5 platform, which is well established. Universities that allowed 24/5 scalping with guaranteed orders every day.

Forextradingrobotea.com Review

Forextradingrobotea.com promises investors quick profit and constant returns on their Investment funds. However, get-rich-quick schemes usually turn out to be Ponzi schemes; no one seems to benefit rather than company owners, and this kind of trade is not recommended.

In the past, it was possible to promise investors massive profits, but do you to the enormous growth and competition, the market is not stable. Hence promising customers’ constant returns is not the outcome you get while trading in Forex.

The trade world, just like any other business investors are likely to face losses if they trade unwisely or with fake robots. Moreover, if you are looking to benefit, you should invest with legit profiting trading EAs that lower the risks you encounter while trading.

Once you purchase the package, the Company does not charge you anymore and that it’s a lifetime purchase that suits you forever. You are promised live performance and also an improvement in the returns you receive.

The Company also claims to have a large number of price data analyses in real-time scalping helps in making the right straight decisions. However, trading robots that use this kind of method are not always profiting because the strategy is not recommended.

Forex Trading robot Dave promises investors multiple orders daily and that you receive massive profits return in a day. The trading robot does not require any experience for you to operate the trade world yet is not a child’s play, and much experience is needed and training before you start profiting.

The Company aims at targeting investors who have minimal knowledge of this kind of trade, and you may end up falling for their catch. They also feature a YouTube video with live results, and this video is no doubt made up as an attempt to seem legit while they are not.

For you to start operating the robot, you receive an email that you install and download the software then start benefiting from it. However, this is not enough information for you to trust the Investment firm with the money.

The people behind the platform are unknown, and you risk trading with anonymous people who may have hidden intentions. There are no past transactions that have been revealed of any trade that you can use to prove trade activities taking place.

You can also not test the credibility of the bot because there’s no demo account, and you should only purchase a trading bot that you can check. Legit investment firms will always provide you with a money-back guarantee and a demo account you can use to create your trade strategy.

Funds Safety

Forex Trading robot Dave is not trustable with the money, and no trade activity seems to be taking place in this platform. However, how this trading robot operators also is not known, and the kind of algorithm it uses in coming up with the profits is also not explained.

The Company expects you to trust them with your bank information because you have to provide your account number when making payments. No knowledge of any banking location that they use or associate with has been submitted.

Also, who is going to control your funds and Investment firm is unknown, and you risk operating with anonymous people who might not even have experience in the kind of trade. Legit trading robots will always provide you with past trade evidence of at least three months that you can trust and easily verify.

Testimonials

the platform also has short messages of investors who claim to have benefited from their trading strategies. However, no link to any trade that they were able to complete is provided to verify these allegations.

The names that have been provided we did some research and discovered that they do not exist and are just made up to tempt you into depositing money in their accounts. The use of testimonies is every day among Ponzi schemes, and you should always be provided with a trade link for you to verify any of the testimonial claims.

Pricing

Forex Trading robot Dave has three types of plans you can choose from; Standard, Pro, and Advanced, which cost $100 $150 and $200, respectively. This investment plan entitled to 24/7 support, and you’re also entitled to one license to license and five licenses, respectively, based on the plants the teachers.

The robot is compatible with MT4 and MT5, each allowing free account changes. However, these prices are overestimated, and without a demo account that you can use to test their credibility, you should not waste time purchasing this product.

Regulation and Customer Support

Forextradingrobotea.com promises investors 24/7 customer support inclusive of the one-time fee while purchasing the platform. However, no telephone contact or any email information has been provided that you can use to reach the platform just in case you have any queries related to the platform.

Legit platforms will quickly provide information about their regulation and incorporation to investors, and you can easily verify these details. No location whereabouts address has been provided that you can use to trace the owners.

Forex Trading robot Dave exposes multiple scam traits, and for this reason, we do not recommend them as a legit company that will make profits for you. Dealing with unregulated platforms may result in losses of your heart and Investment funds.

The platform owners risk facing criminal prosecutions and are the main reason they do not provide any information that links to their whereabouts. Meanwhile, various countries have come up with laws to protect citizens from scammers.

For any trading platform to be allowed to generate funds from the public, they need to provide investors with regulatory documents that can easily be verified. Unregulated platforms may quickly get shut at any given time by the law enforcers with only investment funds.

Final Verdict

Forextradingrobotea.com is not a recommended trading robot, and it does not provide adequate information on how the robot will generate profit. However, if you are looking to make profits, there are legit trading EA that you can rely on and lower the risk that you encounter while trading.

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