Forex Robot Review, Scam or Legit ForexRobot.com App?
Forex Robot Review, Scam or Legit ForexRobot.com App?October 17, 2017
Forex Robot Review and Investigation
Exactly when our staff of researchers was about to publish a new SCAM review exposing new malicious Forex Robot SCAMS, we came across the recently launched ForexRobot.com software and automated trading app. We are skeptics by nature and learned our lesson the hard way after getting scammed online by professional con artists. So when we examined Forex Robot, we took a real hard look at the facts and if this new Forex EA and auto-trader produces consistent results over time. We only endorse genuine and legit systems, so naturally we were suspicious. However, as we progressed with our review and fact-checking process the dots started to connect for us and the picture became clear. We believe we have finally stumbled on to a legitimate trading software which was set up to work with tested and recognized brokers and this time also performs for extended periods of time. This was quite an unexpected surprise and a breath of fresh air, especially since this Forex Robot trades not only Forex currency pairs, but also Cryptocurrencies such as Bitcoin, Ethereum, and Dash. Now, with all the crypto scams being promoted online these days, it’s extremely rare to actually find a trading robot which stands apart from all the rest and delivers on its promise by actually generating profits as expected from a scam-free Forex Robot. Keep in mind, this is NOT a binary options robot and has nothing to do with digital, all or nothing, or exotic options trading. We will be discussing the differences in detail as we progress with our impartial Forex Robot review. We understand that you have had your share of disappointments from seemingly legit apps warmly endorsed by a variety of so-called “honest review sites”, but we rarely recommend new apps, so why not take a minute to read this insightful article and see what the all new Forex Robot automated trading software is all about.
Official Forex Robot Website, Login Page, and Members Area: Forex Robot
What is Forex Robot?
Forex Robot is an automated Forex trading software which executes trades for you on auto-pilot without any form of human intervention. This app was designed by professional traders who have cut the learning curve out of the equation and automated the processes. So, it doesn’t matter if you are a clueless amateur when it comes to Forex trading or an experienced trader, the software does all the work for you while you live your life.
The Forex Robot Trading Interface
The Forex Robot trading interface is simple, intuitive, and very user-friendly. You have a chart which lays out the signal, leverage (meaning the money borrowed from the broker if you choose to do so), investment amount, profit, and status. You simply need to click the auto-trading button and you are on your way, the bot does all the work for you.
Forex Robot Review: Distinguishing Features
Forex Robot is different in a variety of ways. First, simplicity is key and anyone can get started using this app. Secondly, there are a few canned or “ready-made” strategies which are integrated for you in the app. If you wish to choose these formats you simply select the strategy according to the risk level you wish to take, and start trading. Finally, you can go to manual signals mode any time and develop your own strategy if you wish.
System Specifications, Settings, and Operational Guidelines
You can set the Forex Robot with certain settings which generate signals that are traded automatically via the selected broker. It’s possible to use multiple indicators, however we do not recommend that.
TREND: This indicator surveys the overall market trends.
MACD: This acronym stands for Moving Average Convergence Divergence. It measures the delta or differences between moving averages and calculates or adjusts trades accordingly.
RSI: This is the Relative Strength Index. In a nutshell it makes corrective trades based on market sentiment.
STOCH: The Stochastic Oscillator is a indicator which factors in both speed and momentum and executes trades accordingly.
WILLIAMS: This is an indicator which buys short positions which are undersold.
CCI: The Commodity Channel Index uses time to factor trends based on averages.
Time Frames: These vary from 60 seconds to 60 minutes or more.
The trading systems are Classic, Fibonacci, or Martingale (which we do not recommend – just use the default settings). You can execute simultaneous trades freely without having to monitor the dashboard.
You also have a “stop loss” feature which is set based on your trade size. “Profit” and “leverage” multipliers can also be customized according to the risk you wish to take.
Factoid: Forex Robot does not accept traders from the USA, Canada, or France.
Currency pairs include: EUR/USD, USD/CAD, EUR/JPY, EUR/GBP, GBP/USD,
USD/CHF, USD/JPY, and AUD/USD.
Cryptocurrencies Include: Bitcoin, Dash, ETC, Ethereum, Litecoin, and Ripple.
Binary Options Versus Forex
Binary or digital options are considered to be simple contracts where you need to guess how the underlying expires and place the trade according to that. Forex differs in the sense that you invest in the assets in a trading environment which offers higher variability but varying levels of risk. In the Forex markets, traders must decide not only in which direction a certain asset will take, but must also attempt to speculate as to how high or low that asset may reach. This leaves a higher level of certainty, and coupled with leverage the risk is just that much higher in the FX Markets.
I Got Scammed Before – How’s This Different?
Well, first of all the system is tried and tested to produce results. We also had some of our members try it out and it performed as expected. Still, if you are a skeptic that is a good thing but try to leave a door open for opportunity.
We did not see any fake reviews about Forex Robot, but we are constantly searching the internet for anything which may be construed as fraudulent or unethical Forex Robot software.
The cost will be at least $250 and that money will be used to bankroll your broker account. In Forex we recommend a higher initial deposit for money management purposes, however this is not an absolute requirement.
Signals, Crypto Systems, Binary and Forex EA’s
There are countless scams being launched on a daily basis. The all boast massive return on investments, guaranteed wins, and no risk. These are all classic get-rich-quick schemes designed to steal your money. Fortunately our staff compiled a short yet reputable list of money-making machines which have withstood the test of time. These apps are all listed in our recommended section.
Forex Robot Review Summary and Conclusions
Forex Robot is a SCAM-FREE automated trading app and software. After conducting rigorous tests and extensive fact-checking, we have come to the conclusion that this system is legit and profitable. What we DID miss was all the hyped-up and exaggerated claims of easy money, inflated bank accounts, fake testimonials, and all the pile of rubbish with usually comes with fraudulent software that’s designed to steal your money. We did not see unethical affiliate marketers promoting the Forex Robot software, but this may change. Still, this does not influence or change our assertion that we are dealing with a profitable Forex trading robot. If you feel Forex Robot is a SCAM and would like to voice your opinion, please make sure to leave a message below or alternatively submit a scam report on our website. As always, feel free to contact us via our Facebook Page or YouTube channel. That is where we usually provide additional updates and information concerning Forex, Crypto, and Binary Options Scams.