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FX Rapid EA Review: Fxrapidea.com Is A Robot Scam

FX Rapid EA Review: Fxrapidea.com Is A Robot Scam

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FX Rapid EA (Fxrapidea.com) is a scam robot that claims to offer a revolutionary trading program. They claim to be owned by the Forex store team and provide high profitability to investors. Another of their false claim is being compatible with all brokers, a feature that is untrue. Most of the brokers are distancing themselves with the robot due to their invalid profit capabilities. The robot claims to offer fast trading capabilities and high-profit margins. These are the selling points that naïve traders fall for when purchasing the robot.

FX Rapid EA Review

About FX Rapid EA

They claim to offer a 30-day money-back guarantee, a nonexistent feature. A majority of investors are still seeking to get their money back months after canceling. It would seem that once you purchase the robot, it is the last you will see of it. And this is the main reason why we have to expose the product in this detailed FXRapidEA Review. It is a scam led operation that is run by a company known for producing scam trading products. READ this entire post to find out the tricks used by these scam artists.

Forex trading is a lucrative way of making money if the right tools are used. Successful traders rely on proven and tested forex trading robots. These programs protect their investments and offer a realistic profit margin. Try them out and enjoy the full benefits of a reliable trading robot.

FX Rapid EA is a new robot that has managed to gain traction thanks to its claims. These empty claims of unrealistic profit margins are what scam artists use. They know for a fact that everyone wants to make quick and easy money. These scam artists take advantage of this need by coming up with products that profess to make it happen. Before an investor knows the truth, they have bought a program that is entirely worthless. Victims of this scam are still ruing purchasing the program.

Assets traded by the robot

On their homepage, FX Rapid EA is not clear on the type of assets the program deals with. And this is a problem as investors are signing up for an unknown platform. They are using a robot that has no information on the available currency pairs. Without this information, users are going in blindly. No investor gets to know which currency pairs the robot is likely to trade with. And this poses a huge problem for investors. They don’t get the chance to know whether the robot uses major, minor, or exotic pairs.

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Business owner

Forexstore.com is the company that claims to own this program. They have been in the online trading world for a while and have produced several bots. The only problem with this company is the lack of information regarding their whereabouts. They have been coming up with new products after two to three months. FX Auto Pips are their latest product, which also proves to be a headache to investors. With a terrible history, it is best to steer clear of any software from this company.

Comments and feedback

The comments and feedback so far from members are touching and worrying. Most of them are angry with the robot’s inability to deliver on its promise. These victims are newbie investors who wanted to try out the robot. Thanks to the sign of a quick turnaround, they bought the packages without a second thought. It has turned out to be a wrong decision, which is not reversible. One can see the negative comments posted all over the web from distraught investors. It is why no one should think of buying the robot.

Domain details

They claim to be highly profitable and a reliable website according to their tag line. Domain details show that the site went live a few years back. The online reputation of a robot is important as it speaks volumes about credibility. According to a trusted domain tool checker, the website went live on 7th November 2018. For over two years, they have failed to provide a single successful trader. And this is where any credibility of the robot is thrown out. There is no winning with this software.

Features of FX Rapid EA

Their main features include high profitability and trading rapidly. Other features on their website include not trading against the trend and compatible with all brokers. From the look of things, their website is well-designed to fool unsuspecting eyes. They use a cheetah to try and portray the fast trading features they have. What most users don’t know is that the website is lacking in security. The well-designed website is an actual time bomb waiting to explode due to security issues.

Is FX Rapid EA Licensed or Registered?

FX Rapid EA is not Licensed or registered to offer any trading products or services. If they held a license to do so, they would quickly produce it. The entire website has no valid credentials to prove that authorities indeed license the robot. Without proper documentation, anyone who signs up is in for a rude surprise. The robot is unable to cover deposits with insurance as dictated by the trading regulations. And this is why their 30 money-back guarantee is another feature they don’t offer.

When a platform has a valid trading license, they are obliged to show it. A look at the entire website reveals no such plans from the program. They don’t even have terms and conditions page to help investors. Anyone who signs up is using a ridiculous way of trading to make money. There is no insurance cover, which is a disadvantage to investors. Stay away from such products that claim offer such products. The fact that they don’t comply with industry regulations is reason enough to stay away.

Restrictions of FX Rapid EA

Account packages

FX Rapid EA Packages

FX Rapid EA is offering two account packages to choose from. The packages listed include Due and Quattro. They come for $269 and $349. Both are automated and claim to offer free updates for a lifetime. What remains unclear if this price is a one-time purchase or annual. They also fail to inform users on the features of these products. The scam artists want to throw off investors by claiming profits are instant. After buying the product, it later dawns on investors that they don’t work as promised.

Contact and support

One of the most shocking features with the robot is lack of live chat support. They instead have a contact page with no apparent contact information. All they have is a message board where investors send their questions. They have no phone number where a member can call and talk to a representative directly. And this is a classic scam feature where the developers want to control the communication process. They ensure that communication is one way, and there is no tracking them down.

Results and Trading Strategy

Another problem with this product is the lack of a proven result. There is no evidence that robots work. A look at FX Blue and myfxbook show no results from their accounts. The backtests on their homepage are not sufficient to count as evidence. For all we know, they could be charts from another product. The reason there is no proof of concept is that the robot is a fraud. They also fail to mention the trading strategy available on the platform. Without a plan, this remains to be a huge problem.

Security of funds with FX Rapid EA

The safety of funds is not guaranteed by an anonymous platform. Without knowing where the headquarters of the company is located, this is a risky product. No one is liable for any problems which are a cause for concern. The robot is unable to provide a money-back guarantee, which is a problem. These products that have no license bring a lot of unnecessary baggage. It is best to stay away from them.

Scam or Legit FX Rapid EA

FX Rapid EA Backtests

FX Rapid EA is a scam waiting to happen, and no investor should buy the products. With no proven records, the robot should be treated as a fraudulent online trading product.

Closing remarks

Our readers are important to us, and this is why we must protect them from such products. We have to add this robot to our scam blacklist and ensure our esteemed readers are in the know.

Start investing wisely by using appropriate forex trading robots. Industry backed robots offer a safer way to trade and guarantee your investments bears fruits.

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