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Forex21 Review: is forex21.com a Scam?

Forex21 Review: is forex21.com a Scam?

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Forex 21 is a trading platform that was developed by traders for traders and gives investors investment opportunities in cryptocurrency and Forex trades. The company uses various software to make profits for investors.

ProFX 7.0 the semi-automatic Forex and crypto trading tool that trades depending on price action in momentum. The software can analyze various market conditions, and investors can trade on multiple time frames with precise, accurate signals.

It has built-in features such as;  Take profit stop loss, and they claim this is some of the reason why the trading robot is the most popular tool to make profits for traders. They provide investors with MyFXBook, which is good.

However, they also showcase some red flags that prevent us from recommending this platform to make profits for you. Therefore if you’re looking to make a profit, it is wise to invest legit automated trading tools to generate reasonable profits and lower the risks you are likely to encounter.

Swap Master 1.2 the next software Forex21 uses to make a profit for investors. This trading software determines the difference in interest rates among currencies and the contrast of swap rates for Forex brokers.

They claim it is a market neutral trading strategy, and Traders are the hedge against each other. The profits solely depend on swap rates, and this feature does not determine the direction of the trade.

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Forex21 has more than 10000 happy clients, and they have generated up to 96% in customer satisfaction. The trading robot has been in existence for 11 years, according to the website, which seems like you have time to gain enough knowledge.

Forex 21.com Review

The trading tool is compatible with any Meta Trader platform and can be used by any broker. They also boast of being supported by more than 400 brokers across the globe, and they seem to be providing excellent services to their clients.

Forex21 Review, Forex21.com Platform

However, they do not reveal any evidence of dealing with regulated brokers, and you may end up trusting the wrong people to make profits for you. However, do not be so quick to deposit funds into the account, and this is because they fail to reveal any transparency in the methods of operation.

The company also boasts having an unconditional refund policy. Investors receive a 100% refund just in case they’re not satisfied with the services rendered by this software. They do not ask any question whatsoever when you choose to take your money from the Investment firm.

They also guarantee investors’ support in any way they need to boost their trading results. Forex21 has auto-adaptive features on Volatility, Trends, and Price action, and the system monitors the trading conditions and adapts automatically.

Hence this feature helps in making constant returns to investors. However, promising customers’ stable returns are a thing of the past, and the market is set to change at any given time.

In the past, it was possible to generate massive investment figures in crypto and Forex trading, but due to the vast competition in the market, this is no longer the case. You need to apply patience and trading skills to gain profitably in the trading world.

Forex21 team works on improvement and features that will help in generating massive investment returns. However, they do not reveal any qualification details they hold, and this is a major red flag not to trust Forex 21.com with your funds.

Clients receive built updates regularly, and they do not charge a single amount for this update. The software is easy-to-use, and you do not need any prior knowledge to gain from Forex21. The company claims that their strategies are based on scientific research that helps in generating more profits.

Forex Insider 2.0

This trading feature is accessible for free by any investor and yet able to see trading positions of other currency Traders. The bot allows you to spot order imbalance, and you can find out the most bought and sold condition.

Investors are not charged a single coin while choosing this software, and it is 100% free, and you are set to enjoy every outcome while using this software. They also feature a compounding calculator that can use to estimate the return you expect.

Funds Safety

Forex21 is not trustable with your money; this is because you do not know the kind of experience the team behind the company hold. They do not reveal any information about the founders, and who is controlling your money in this platform is unknown.

Transparency plays a significant role in earning the customer’s trust with the platform, and this data is not available anywhere. They also do not reveal any bank information you can use to verify your money is safe.

The company fails to reveal strategies used in coming up with the profits, and you do not know the returns to expect. Legit investment firms will always provide past trade evidence that the robot has been able to complete, and this helps in boosting your confidence with the company.

Before investing your funds in any platform expecting profit, you should be able to find all legit information that you can verify or risk making losses. Moreover, you should be able to see investors generating funds from the company or read positive feedback regarding the Investment firm.

Regulation and Customer Support

Forex21 claims to be based in Bad Griesbach – Rottal, Bavaria, DE; however, this information is not accurate because the address is just made up to seem legit. The use of fake news raises even more doubts rather than trust with the company, and you should avoid the platform at all given costs.

The platform is operational from 9 a.m. to 3 p.m.(UTC), and you can reach them through telephone contact and email support. However, they do not provide any regulatory information; it will be wise to give this information if at all they hold any.

Regulated platforms are more likely to make profitable returns for you, and they show a high level of transparency. The people behind this investment firm risk facing criminal prosecutions and is probably the main reason no data regarding their bio is available.

You should be able to find working contact support and regulatory information that you can verify. The company claims to have brokers all over the globe, yet they do not provide any regulatory data to prove they’re allowed to generate funds from the public.

Final Verdict

Forex21.com does not reveal the kind of algorithm they use in coming up with profit returns for investors. The company has a shady method of operation, and you did not know the type of experience they hold.

Nevertheless, investing with legit Forex trading robots that are tried-and-tested will generate reasonable income for you. This investment firm fails to provide any information about the founders and the qualifications they hold, and your money is not safe.

Different countries have come up with laws to protect their citizens from scammers and should be able to find regulatory data before trusting any investment firm. Forex21 does not guarantee you the safety of your funds, and until there is any positive feedback, then we do not recommend this investment firm.

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