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WinForexBot EA Scam: Harsh Truth Revealed In This Review

WinForexBot EA Scam: Harsh Truth Revealed In This Review

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In an ideal world, people buy and install their Forex EAs, then sit back and only return to their PCs whenever there is profits to be collected, thanks to some magic wonder EA which they are using to make this dream a reality.

WinForexBot Expert Advisor seems to be thriving on this dream. In fact, it’s the dream of every struggling trader out there, which is why Expert Advisors, and especially scams are a big business in this industry.

Having said that, our main focus is on this new Expert advisor called WinForexBot EA, which has caught the attention of traders and critics alike.

This is because very unusual things are happening on this website, and we think these things are worth pointing out.

First of all, there is clearly confusion on how WinForexBot is being promoted.

You see, the website claims to sell an Expert Advisor. At the same time, they appear to be selling WordPress themes. How ridiculous?

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WinForexBot scam

We don’t understand what is happening with this vendor’s website. At first, we thought it had been hacked, hence the irrelevant content.

However, when the owner didn’t seemed bothered by these unusual activities, we realized that it was intentional.

To add insult to injury, the site sells various plans for those who want to setup websites.

However, the domain http://www.winforexbot.com/ suggests that this site is all about Forex.

The picture on the homepage also hints that this website sells Expert Advisors. However, when you scroll down the homepage, things get ugly and quite irrelevant.

WinForexBot Overview: why this is a big fraud

It appears that this website was intended to sell a Forex robot. However, somewhere down the line, they changed their mind and started pursuing a different line of business, although they still hint that they are involved in selling a Forex expert advisor.

The website is written in both English and Latin languages. We wonder what the motive is.

And in as much as we’d like to learn about WinForexBot EA, the owner doesn’t seem to be willing to engage us in any conversation.

They don’t mention names, companies or anything. As a matter of fact, this website even uses a free wordpress theme to promote their imaginary product.

It’s literally impossible to trust someone who is clearly not willing to reveal their true identities.

What is more, the website has screwed up the deal, and now it looks like a scam. No doubt about this.

The bottom line is that no product is being offered here, hence the confusion. We don’t know whether we are dealing with a software vendor or a WordPress theme developer. Hold your wallet tight!

So, how exactly does this EA work?

Lack of information is the number one indication that these guys are not serious with what they are doing.

Honestly, it’s not clear how WinForexBot EA works, plus no one has ever bothered to give us an explanation either.

Basically, we can’t understand what is going on in this website. It’s a total mess and a big act of laziness. We even doubt if there’s an Expert Advisor involved in the first place.

Disturbing facts about WinForexBot

We’ve already seen that some idiot was involved in setting up this website. We are 100% certain about this.

At this point, it’s quite clear that this website was setup to serve as spam and not a useful resource.

The homepage says that WinForexBot has various plans that users can select.

We tried clicking on any of those plans in an attempt to ”subscribe”. The funniest thing happened in the process of clicking these links. We were redirected to a website called elegantthemes.com.

Obviously this site has absolutely nothing to do with Forex or binary trading. In fact, it has nothing to do with any kind of online investments.

So, if the owner intended to host a Forex product on the site, who placed these links on the homepage? One wonders because we will never find answers anyway.

Secondly, the name WinForexBot EA sounds like a product that deals with binary options as opposed to Forex trading. Or let’s just say that it’s a binary options software because the brokers which they redirect their users to are all binary options brokers. No Forex broker is involved.

Just click the ”download” button and you will be presented with a list of brokers who do binary options business. These include Stock Pair, Binary Tilt, Empire Options and many more.

Do they have a reputation? Of course not. Did the website tell us in advance that they were intending to sell us a binary options software as opposed to an FX robot? Again No.

With that evidence, it’s quite clear that this crook is out to steal your money and wipe your account dry in tandem with the shady brokers.

The website doesn’t even have popular pages such as a privacy policy, earnings disclaimer etc.

Even scams take their time to include these pages. However, as for WinForexBot, nothing in form of these critical pages exist. What is more, they don’t seem to be remorseful for their lack of professionalism. To them, it’s business as usual.

So how are we supposed to take them seriously? You ask, but the answer is right there.

This is a case where fraudsters intentionally mislead their potential users with false information. This amounts to crime since they are literally ”selling” what does not exist.

And if a robot exists, then it has been falsely represented. Telling us that this EA uses trends to place trades is not enough.

Now, think about this: WinForexBot website does not even give us false results to lure us into the deal. They are subtle in their approach although the intent is to rob traders. The fact is that whoever is behind this website is a dangerous con artist.

At this point, we are not even expecting ”past performance” or the so-called myfxbook results because these, literally, don’t exist. And if they did, they would be fake results as opposed to genuine performance.

The fake demo account

Sadly, brokers who are affiliated with this scam allow demo trading with this app.

And in this case, we obviously expect false results since demo accounts used for this purpose are always rigged in favor of the robot being promoted.

The software will simply rewrite some of your losses into wins so that it gives a false positive impression.

Another thing is that these brokers are willingly doing business with WinForexBot when they know that the reputation of this product is questionable at best.

Those are not brokers who have your best interest at heart. A fake Expert Advisor is supposed to rob you in tandem with the broker. On the other hand, serious brokers only work with genuine developers, not wayward internet marketers.

Our Best Advice for you

From the look of things, it’s quite obvious that this robot is a fraudulent product.

Nothing looks good on this website. And although they are not aggressive in their promotional approach, it’s crystal clear that this product was made to make profits from a few people who will throw in their money at it. Most people are not going to fall for such a lame presentation anyway.

To cut a long story short, WinForexBot is a hoax, and there are many more scams like this one on the web.That’s why you should not waste your time searching for genuine Forex products on the internet when we’ve already prepared a handy list of Forex products for you.

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