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Some traders have started believing that scams have ceased to exist in the Forex market, thanks to the enforcement of rules by organizations like the FCA.
Truth be told, obvious scams are the ones that have since plummeted in numbers. Misrepresented products are at large, and hard to detect.
Let’s get back to the topic. We are reviewing the highly-acclaimed Forex system known as the Infinity Scalper — not to be confused with another scam called the Infinity app.
The Infinity Scalper is a new Forex indicator. We got a chance to test it, so we have all the right to speak about it.
First off, we’d like to say that we didn’t like this system at all. It’s not as accurate as proclaimed on the official site here — Infinityscalper.net.
Notice that this is a landing page with pictures of dollar notes everywhere.
It simply promises the naive investor a chance to change their life with a magical Forex indicator.
This landing page was solely created to market this product. That is why the Infinity Scalper is described as ”super accurate”.
You’d therefore become excited that the Infinity scalper is a one-of-kind Forex indicator that makes a fortune.
Have you asked yourself why this system is being touted in a similar version to those get-rich-quick work-at-home opportunities?
Of course this is a different concept. But the website’s theme says a lot about the potential damage that the Infinity Scalper is likely to inflict on a live MT4 account.
The moment you stumble on a website that says slots are limited and you should take advantage before the window of opportunity closes, you should run as fast as your legs can carry you.
This is a digital product, and copies can never run out. Secondly, they are there for business, which means they are aiming to sell as many copies as possible.
Yes, this is an absolutely new Forex indicator. But facts suggest that this is not a reliable trading buy/sell indicator.
Before we got the chance to test it (we’ve always tested products that we recommend), we first noted that there were no verified trading results from MyFXBook.
There were no reviews from sites like Forex Peace Army and many other similar forums.
Here’s what you need to know before rushing to get this sickening indicator:
MT4 back-tests and statement in pips mean nothing. These have been manipulated ever since fraudsters discovered that they could fool investors using this information.
Look at the above screenshot (captured from the Infinity Scalper website). Is there any criteria or method that could be used to verify what you’re seeing there?
Furthermore, these screenshots show trade records with no loss, making the entire presentation suspicious.
Equally, the Infinity Scalper website does not show us when trades were opened as well as the draw down percentage of this Forex indicator.
What does all this mean? It means that any person who knows what is going on can never make any meaningful decision from those pictures — which is a rich recipe for getting scammed.
Also, the site does not tell us why there are no current open positions.
If the Infinity Scalper works really well as promised on the website, why is it that the author is being economical with information?
We need useful data such as account balance, equity, and withdrawals since it helps with decision making.
We are not saying that every result on myfxbook is authentic!
What we are currently seeing on this website is nothing short of outstanding performance.
We see that Infinity Scalper makes pips with every trade. But no open or losing positions are being stated.
Like we mentioned earlier, this landing page was created to market this Forex indicator. It is less concerned with giving any useful information (other than empty promises).
What we are seeing there amounts to closed profits. No information on open trades. In fact, there’s no way to determine gains or losses that the Infinity Scalper is currently making.
A background check reveals that this website is run by an anonymous individual.
Some blogs claim that he is a German trader with 15 years of experience.
Is this information verifiable? Does this description tell us why we need to trust this author? I don’t think so.
The owner of Infinity Scalper prefers to keep a low profile because they fear the obvious.
There’s no proof that this guy comes from Germany and that he has traded for 15 years.
If anything, this landing page is in English. Most German software vendors use German language on their website.
Actually, you’ll be amazed that the owner of this site writes proper English as opposed to well-known German scam websites that sell fake Forex signals.
It’s quite obvious that this website failed to discuss issues that matter. However, it doesn’t seems to bother them at all.
The website even claims that the Infinity Scalper is the perfect indicator for those who want an easy life.
If you want to go to the cinema while trading, no problem because they got your back.
This is a creative way of appealing to the masses. Couple this with the glittery nature of this website and you will see that things are not as they look like.
The concerns mentioned above are very important — and although the owner of this website is ignoring them, we are still asking them to come clean on these matters.
We love Forex scalping indicators. We were not going to turn down an opportunity to test this system.
We applied it on a demo account using default settings on m1 and m5 charts.
Thankfully, this opportunity taught us a lot about this ‘magic system’.
It’s a poor performer with huge draw down. Yes, it’s a scalping indicator which gives the trader a green-light to enter or exit the markets.
However, we found that this software had a serious flaw in terms of draw down. It repeatedly wiped our demo account. This explains why the owner was not willing to publish these results from the word go.
They were hoping that we would quickly do a positive review on this indicator right after the first test. Apparently, that was not going to happen until after we ran a few more tests to confirm its reliability.
This is a horrible Forex indicator. It will give you false signals. While the anonymous owner claims that it does not repaint signals, we noticed that this is the complete opposite of what happens.
Also, there’s nothing special with receiving signal alerts on email or mobile phone. If these signals can’t perform, then they are as good as nothing.
Of course the Infinity Scalper works flawlessly because there are no bugs and it tends to ”save” traders from the burden that comes with analyzing charts. Unfortunately, this means nothing because we are not making money at the end of it all.
The bottom line is that Infinity Scalper is a fake signal indicator. Avoid. Go for these products instead.
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