FXEurGrid Review: is Scam?

FXEurGrid Review: is Scam?

Share This! is an automated Forex robot that boasts of using the grid strategy. This automated for boasts of a feature that limits drawdowns, thus infinitely restricting losses encountered when traders apply other trading strategies.

It only operates with one currency pair that being the EURUSD. Due to this one currency factor, popularity is inevitable; thus, it has the least spreads on any available broker, eventually generating more money because of that.

FXEurGrid Review, Platform

It brags of compatibility with any MT4 broker with no special requirements to enable profitable trades. The other upper hand that this bot boasts of is the ease to install.

A Consideration process, which creates a more useful and convenient partnership when it comes to trading. After configuration, the only thing that stands in between desired profits for the prospective trader is choosing from three available levels of risk. They include; safe, reasonable, and aggressive. You should venture with profitable trading bots, automated Forex robots come in handy, especially if they are legitimate and comply with prerequisites regulations.

Investment plans

As for the three distinct levels of risk provided by this software, there comes along charges. Nonetheless, the intriguing element is that these levels have both Micro and Cent accounts. For Safe mode, a minimum deposit of $300,000 is required($300 for Micro accounts and $30 for Cent accounts). Secondly, for the Normal way, a minimum deposit of $2000 is required ( $200 for Micro account and $20 for the Cent account). Finally, for the Aggressive mode, a minimum deposit of $1000 is required at $100 for Micro and $10 for Cent accounts).

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Trade Verification

There is the provision of a trading account chart. In the graph, it would raise a 88% gain and an 18% drawdown. Most of the trades averagely took a period of four days, and the system possesses 226 deals since its conception.

The provided Cent account prints an image that they’re actually unwilling to invest much money into that account. However much the results are impeccable, the only question that is left unanswered in our minds is whether the vendor is willing to invest much more money into the account? Think about this, is it fair to actually charge more money on a robot: that you are unwilling to invest an equal amount of money for? This sounds like an injustice for me. However, you should be on the lookout for this.

Purchase constituents seems to have additional benefits that come along with the purchase of a trading bot. The broad benefits that sprout from the purchase include; a once in a lifetime license, a free user manual, free updates, and a 24/7 friendly support customer care system. These supplements are used to make the purchase more lucrative for prospective traders out there.

Security features seems to be unsafe for cryptocurrency traders. This is because the website lacks an HTTP security feature. This is a clear indication that their website is not fully watertight from malicious interventions.

When a trader inputs their confidential credentials while using the website, chances of them realizing that credit cards were charged without their consent are very high. This leaves us with one question, Is this software developer really after enabling traders to make easy money or after naturally made money from scamming unsuspecting traders?

Alexa and Wall of trust rank

After intensive research and enhancement of contingent research measures, we actually concluded that this automated Forex trading bot lacks an Alexa rank.

This deficiency creates an impact on the integrity of its legal trading age. We all know that for a company to be deemed as safe and credible to provide services to prospective customers, it must have been in the market for more than six months.

The lack of adherence to this principle leads to the lack of an Alexa rank. Consequently, he actually leaves us wondering whether we should actually trust this software developer with our money.

Online reviews

It actually seems that this automated trading robot does not have client-affiliated online reviews. This is to our astonishment because on their website: they claim to actually have enough skill and prowess to facilitate for streamlined customer experience.

The interesting quirk that this loophole does is to make us worry about the legitimate trading age of this software. If actually, this software had been in the market for more than six months, it would have garnered sufficient online reviews to at least even give it some much more good review rank.

The legitimacy of owners

This website does not give any glimpse into the whereabouts of the developers; neither does it provide the locations of these so-called developers. The provision of proof of trade experience is essential for integrity building purposes.

It is adding salt to injury. We actually see that this website shares an ordinary developer with the forexbox28. Both have close ties with forextol, and the owner of this company may be actually the legitimate one of these three.

When it comes to the how-about of getting in touch with the company, the only thing that’s provided is to fill out the contact form on the website.

As per their claims, for a company of their caliber, it’s actually unprecedented for the lack of provision of direct email address contact. An immediate email address contact issue is a much more personalized experience between the trader and the company.

Trade strategy

As per its nomenclature, we actually get the fact that these robots use a hazardous trading strategy known as the Grid trading strategy. Statistics in previous cases have it that this is one of the risky trading approaches in the automated trading sphere.

Aversion of Martingale Grid trading strategy is one of the critical pieces of information that should be on any trade mind bearing in mind that most blowouts are an impact if the execution of this trading strategy.

Obscurity modes of operation

It is actually a form of some peculiar intent that the software developer does not provide any explanation on the mode of operation of this 100% automated Cryptocurrency trade software.

This obscurity creates an impression that the software developer does not want to generally disclose some information to perceptive traders. This actually leaves us wondering about the level of integrity displayed by this software developer.

Whether you should trust him with your money or not, it’s up to you. But, according to our research, we figured out that most scammers tend to conceal some information from the public eye for purposes of a secret society and economic benefits.

Fake testimonials possesses numerous social platforms that seem to contain testaments of clients with maximal confidence in them. However, it was noted that some of these personalities had done quite several videos for others of the same scam-like nature. If this company is willing to conduct illegal deals, what then is going to happen to money invested with them

Final verdict

From the above features, we can actually conclude that the legitimacy of this automated cryptocurrency trading software is questionable. However, remember that there are reputable and legit cryptocurrency trading software in the market that you can rely on. Consultation with such proves beneficial for traders out there.

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