Renko Scalper Review: Why Is a Scam

Renko Scalper Review: Why Is a Scam

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A thorough investigation was conducted, and Renko Scalper ( review is here. The platform claims to be one of the best robot providers boasting a ton of products. We checked and saw what the platform was all about and was shocked by the results. It seems that the developer of owns the platform. And this is what makes us have cold feet with their products. Most of the time, this developer fails to update his software. The result is having complaints from members.

Brief Renko Scalper Review

Renko Scalper Review

The full dossier of this robot developer is out, and the results are far from promising. Although they offer several trading robots, all of them have their faults. Some of the robots under their brand include Funny Trade EA and Swing Trade EA. It goes to show the lack of professionalism they have when naming products. And this is not even the worst part; these products all have faults. None of them make the projected ROI, which is a reason for concern.

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What is clear with these robots is that Renko Scalper is their main product. The platform has over four robots under this line. After checking all of them out, we found strong evidence showing that the robots are lame. They fail to live up to their expectation, which is a huge problem. These robots fail to give users the edge needed to become successful. The features available are far from being informative or offer any advantage. It is the main reason why no one should sign up with the platform.

Claims and Promises

The platform is selling itself as the best Forex EA the market has ever seen. These claims can be seen on their homepage banner. They claim to help investors have a brighter future, which is far from the truth. These are false claims with no proof of concept. It is why we insist that traders should be careful when using this platform. No one is safe with any of the products as the developers are known, online scam artists. It is why we believe that the founder of the platform has gone under.

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Comments from clients

A search on trading forums shows that users are unhappy with the products. They bought these robots hoping to get an edge over other trading tools. After parting ways with their hard-earned money, they started seeing problems with these robots. Most of the robots are unstable and don’t have any updates. This is one of the most significant setbacks with the robots from this stable. They fail to offer traders the right amount of features for trading. Members who have the robots are seen on social media urging everyone to distance themselves. It is why the robot is not doing pretty well in the stores too.

Domain details

What we found out in regards to the domain history proves that this is a scam-led operation. The site went live on 29th January 2019. History shows that their IP address has undergone eight changes over the past five years. And this is the main problem with such platforms; they tend to recycle old scams. With the IP changes, it means that the site used to sell other products. The site could also have changed ownership details. It throws away all credibility the robots have in terms of online reputation.

Features of Renko Scalper

Renko Scalper Trading Video

These are forex robots that go for $250 to $2,000 or more. They claim to use the scalping strategy with the timeframe used being M30. When it comes to currency pairs, the platform only deals with AUD/USD. And this means that the platform is only able to provide a single currency pair. With all the robots, why would they fail to provide other currency pairs? It is the era of digital currency trading, and one would have expected more. From what we can gather, the developers target a particular class of investors.

Founder of the robots

The vendors of these robots claim that they are MQL4 coding language experts. They fail to give their full names, which are proof of their deception. Why would they offer several products and fail to provide their full names. Only scam artists with something to hide will want their names out of their products. What they are trying to protect is their identity and the fact that these robots don’t work. These are anonymous coders who could have implanted malicious code on the robots. It is best to use robots from a known and trusted source.

License and Registration of Renko Scalper

Renko Scalper is not complying with industry rules and fails to have a permit. The license details on these products are missing, which points to an unprofessional vendor. With all their products lacking a valid trading license, it means users are at risk. The robots don’t have a license, which means the money-back feature is not available. Investors who buy the product should expect no insurance cover for their funds. It is another concrete reason why these vendors want to hide their identity.

The entire platform has a problem with the fact that no compliance is followed. There is no terms and conditions page. Investors are depositing funds with a platform that has no real trading license. The consequences of this are felt later on when the robot fails to achieve the set goals. There is no one to blame as the developers are anonymous chaps who take advantage of naïve investors. It is the reason why no one should sign up with a platform that has no valid license.

Limitations of Renko Scalper


Renko Scalper Packages/Products

Renko Scalper is offering users several robots to choose from. From their stable, they have over eight products whose price is going at an excessive amount. Paying over $2,000 for a product that fails to offer any meaningful trading advantage is absurd. It is the main reason why we must expose the products. They are just mimics of what a real trading robot is all about. In other words, the developer is selling a demo account to investors. These vendors should be exposed, and their site shut down.

Contact and support from staff

We found that their contact details can be found elsewhere apart from their homepage. The store page has the information lined up at the footer. It suggests that the platform is located in Kakirawa town, Sri Lanka. There is no other information regarding a direct line to the support team. They have posted an email address where interested parties should send their messages. It seems that the developers want to control the conversation. They are afraid of the fallback they would receive from authorities and victims.

Results and trading strategy

The vendor has gone ahead and provided limited information on their results. Users should know that the platform claims to be located in Sri Lanka. They should have provided a better result feature, such as a link to FX Blue or myfxbook. It means that the posted results could be doctored from another legit platform. They also fail to offer any insight into their trading strategy. A description is vital in showing investors the approach used by the robots. Stay away from the platform or else risk losing your entire funds.

Scam or Legit Renko Scalper

There is enough evidence to show that Renko Scalper is a scam. These are problematic robots that offer no meaningful trading advantage. Investors should opt for better tools that have the backing of the trading community. Kindly share this post to help fight such distasteful robots.

Our best advice

Stay away from the robot and go for reliable trading tools. We have to mark the robots as a scam to protect our readers.

Start the success journey with favorable robots with a strong reputation. Such robots ensure the safety of members and protect their investments. It is what all successful investors use to create a passive income.

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