The Manhattan FX Robot and Forex Expert Advisor (EA) is a SCAM, and we blacklisted it in our fair and factual review and investigation. For those of you who are new to Forex and online trading, Expert Advisors are programs that enable automated trading with an integrated analytics package based on the MT4 (Meta Trader 4) platform. Our alerts desk has received a fresh flurry of complaints about this new Forex robot, so naturally we started snooping around. Almost immediately we smelled a rat, and sure enough when we started peeling off the layers of deception from this seemingly harmless auto-trader, the foul stench of malice was unusually nauseating as the evidence and proof of scam started to mount. We are very familiar with this type of sales page and the polished as well as authentic look it projects, but the devil is in the details. Our findings led us to the realization that this so called legit or genuine Forex EA and auto-trader is just a piece of fraudulent software designed to steal your money. We also found out that the affiliate marketers promoting this thieving new app specialize in Email SPAM, baiting tactics, internet fraud and identity theft. So make sure not to not to click on any links or popups soliciting this fake app. Keep reading to see how we exposed Manhattan FX robot and trading software, and why we believe it is a confirmed financial scam.
Official Website, Login Page, and Members Area: https://manhattanfx.com/
Proof of SCAM
Below you will see a screenshot of the Manhattan FX Robot main sales page, where it boldly states it is the “best expert advisor for Metatrader 4”.
Right below you can see one example of how these crooks use fake testimonials to legitimize their crappy software. It seems “Paul” from Alteo Investments in NY is really a person named John Elton and probably completely oblivious to the fact that his image is being used to promote a fake Forex Robot. A simple Google search will also show that the rest of the images are also copied or stolen without consent.
Here’s another inconsistency. Now it may be true that we are not the world’s foremost online trading guru, but the image below taken from myfxbook as a kind of “performance proof” shows a clear upward trend. However, when you click the profitability link you will see that 51% of the trades are LOST! So naturally we assumed that one possible explanation can be that the duration or time frame of of the snapshot was for a very brief time. So we checked again the next day and the profitability counter did not change one bit. This can only mean that the numbers are fudged or alternatively that the analytics are not accurate (or integrated properly) in providing the right kind of information.
Manhattan FX Software Review
The sales page claims the Manhattan FX is the market’s leading algorithm which is trades EUR/USD and GBP/USD. The trading is executed in a totally automated manner on “auto-pilot”. It was supposedly created by 12 industry experts with decades of experience, however none of their names are mentioned. All they say is that they are “veteran brokers and young engineers.” But we don’t see a face and address behind the sales pitch, which leads us to believe that these are fictitious characters invented for the sake of the phony story.
Extreme Profits or Massive Losses?
They promise ultra-high and verified profits on “several” accounts. This means you are asked to open and fund multiple trading accounts with different brokers, and that is a HUGE red flag. “Incredible profits since 2010” is another statement which is very dominantly displayed on the site. Backtesting was done on EUR/USD and GBP/USD fix trade size on medium risk. There is also a portfolio results section which shows a total profit of over 1.2 Million Dollars (if you believe that), and they claim it works well with money management strategies.
Pricing – Is it Free?
as you can see below there is a one time fee which is incurred, and that is just to use the system. It has nothing to do with funding you broker account. In most cases these guys will also get kickbacks from Forex brokers for referring clients, however after looking closer at the FAQ section we see this is not the case (this is the only smart thing they did here). So just remember that in similar situations, you usually end up paying twice for something which is provided freely with other systems such as the profitable sRs Trend Rider 2.0 by Vladimir Ribakov.
The key features include balance defense, news filtering, adaptive logic, licensing, and online support. These are tiered according to the package you buy (Basic, Ultimate, and 2-License).
What we are looking at here is clearly a malicious scam designed to fleece your wallet. We are not advised about which brokers are compatible. After clicking the tiny links below we were able to find out a bit more information, but in real life no one bothers to look there. So we have quite a bit of hyped-up and exaggerated claims of “extreme profits”, fake testimonials, horrible English with plenty of syntax and grammatical errors, a narrative that’s got more holes in it than Swiss cheese, and nothing substantial about how it works and who is really behind it.
Signals Versus Trading Robots
We know there are new systems coming out on a daily basis, and all of them offer massive returns and easy money. In all honesty, the vast majority pan out to be scams and that is a fact. Luckily our staff of researchers has conducted all the tests for you and compiled a short list of Options and Forex apps which have proven to provide consistent results over time. These are all proudly showcased in our recommended section.
Review Conclusion and Summary
The Manhattan FX Robot and Forex EA is a SCAM and rightfully blacklisted in our official review. Make no mistake, these bloodhounds are out to steal your money and they won’t stop until they get it. Don’t be afraid to speak your mind and tell them to stop harassing you with phone calls or promotional emails. There’s nothing legit or genuine about Manhattan FX and you should never deposit. If you have funded a trading account, make sure to avoid reinvesting and refrain from accepting any type of bonus, signing documents, or divulging any kind of financial information like your credit card number (unless you have already done so). In light of all the evidence and proof our staff has produced, we are compelled yet again to blacklist this scam and advise our members and viewers to seek alternative means of investing. Don’t forget to join our Facebook group, subscribe to our YouTube Channel and get informed.