Menu Review: Is Titan Scalper Scam? Review: Is Titan Scalper Scam?

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Titan Scalper is a Forex expert advisor created with the intention to provide returns and excitement. Unfortunately, we don’t think excitement is something that we can put emphasis on because in Forex trading, there is generally no excitement. It is about trading to make money and not some sort of a game that is associated with excitement.

The developers of Titan Scalper have not introduced themselves and we also don’t know their location yet. That means it is difficult for us to establish what development experience they have had in building automated trading systems. However, they have provided a way to get in touch with them. Customers can contact them through Skype, live chat, telegram and email [email protected] Having said this, we feel that the team should still provide some background information about their company and the experience which they have in the Forex market place. In fact, this kind of information would go along way into convincing us of the viability of this project in the long run.

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Titan Scalper review

The team behind this expert advisor believe that it is a sophisticated trading software that was built with user discretion in mind. Besides this, the website claims that Titan Scalper is the most advanced trading software for scalping that was ever built and introduced into the Forex market place. Their website cites a number of benefits which are allegedly associated with using Titan Scalper EA. Unfortunately, they do not provide real information such as the kind of trading strategy that is being used with this software.

Titan Scalper

Titan Scalper EA allegedly provides stable profits, low risk, account protection system which is advanced as well as free future updates. While these feature sound sophisticated, you must understand that they sound vague since those features are not associated with any form of strategy which this software is supposed to be using. It should be noted that this style of marketing is quite common among Forex robot developers and the aim is not always clear. However, we have observed that the aim is mainly to sell a robot that does not perform as claimed. That is why the developers always don’t like the idea of getting into specific details especially when they are selling generic trading robots that don’t perform.

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What are the trading features?

The developer has not provided any trading features on their site. However, they are providing a couple of reasons as to why they believe Titan Scalper is the real deal compared to other expert advisors in the Forex trading market place. One of the reasons they are citing is that their trading app is built with a special market scanner in addition to their proof booster feature which ensures that they can only find the best trades to pull the trigger on. The other advantages that they have listed on their website include compatibility with MT4, MT5, binary options and lifetime support.

We must admit that majority of trading robots out there are only compatible with MT4 and not MT5. Others might be compatible with MT5 platform as well but rest assured that it is very difficult to get a trading robot that is compatible with binary options platform. The lifetime support that comes with Titan Scalper expert advisor is also not a bad thing considering that some developers often insist on renewing licenses with the purpose of making even more money. Renewing a license often means renewing support as well. But this seems to be lifetime support.

On top of this, the developer of Titan Scalper also claims that the emphasis is on cost effectiveness, powerful management tools and the use of regulated brokers. Obviously if you look at the website, you will find that price range is between $599.99-$799.99. The software trades a number of pairs which include EURUSD, GBPUSD, EURCHF and USDCHF. There are 3 plans in total and the difference in pricing comes as a result of the number of licenses that one is willing to acquire. So if you pay $699, you will be getting 3 licenses for demo and 3 other licenses for a live account. We must say that no matter how you want to view it, this is one of the most expensive trading software on the internet. It is even more expensive than some of the best expert advisors that we have known and recommended here for ages.

What about trading performance?

There is a single myfxbook account that is displaying the performance of Titan Scalper EA. The app has shown a consistent gain of over 500% with a draw down of 17% since the end of 2017. These results are quite impressive but also too good to be true. One of the things we discovered was that the broker (AAFX broker) that was being used here is a scam broker. So that must be a concern as well because we don’t know what kind of relationship the vendor has with this broker. Perhaps they could be business associates who have agreed to scam people together or are simply one entity that is playing monkey business. Whatever the case, these results still look too good to be true. For your information, the FPA website has even declared that this site is a total scam. If that is the case, you should be worry of this broker and the results which the EA is showing.

For us to trust Titan Scalper EA, we need to see user feedback from the community and if not, we need to see these results coming from a genuine broker with good reputation in the market place since we believe these are doctored results.

Our best advice for you

Titan Scalper EA comes across as a professional EA. However, we need to know what the strategy is, who the developer is and whether the trading community in general has endorsed it. In addition to this, the developer must consider reducing their price in order to come down to a more reasonable price tag. At the moment, these are the most reasonably priced EAs in the market. 

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