Forex-ea-trader.com Review Is Forex Ea Trader Legit Or Scam

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Forex-EA-Trader Review

The Forex -EA-Trader software is a total joke. You can take this to the bank. The aim is to rip you off. This website Forex-EA-Trader.com is full of lies, plus they don’t bother to back their claims with proof. This is the least of their considerations by the way. Yet they are expecting traders to believe that Forex-EA-Trader software is the real deal. Please avoid this Forex-EA-Trader scam at all cost. If you haven’t sign up to a legitimate trading system, do so here.

Forex EA Trader is a classic Forex trading scam. This trading robot is potentially a big time money sucker. It promises 10607% net profit, which is considered high and quick profits. Honestly, we do not know how to rate this software because the scamming characteristics are so obvious. Once you visit the landing page, you won’t have any doubt that Forex EA Trader system is meant to rip you off.

In short, we want to make you clear that Forex-EA-Trader is not a good company. Actually, Forex-EA-Trader is a scam site. So, if this short information on Forex-EA-Trader is enough for you and now instead of finding out more details on Forex-EA-Trader through our Forex-EA-Trader review as below, if you want to find out the real opportunities to make money from trading, then you can click this link- https://scamea.com/auto-trading

Although we have listed several kinds of legit automated trading software to make money from forex, but our number No1 auto trading solution now is DaxRobot. If you want to know more about DaxRobot, then you can click this link:- https://scamea.com/go/daxrobot

OK, now let’s begin with our Forex-EA-Trader review as below to find out why is Forex-EA-Trader a scam.

The one reason why this program is a potential scam is the fact that they are promising users over 10607%. Honestly, we have never come across any evidence of traders making this much with any software. It is hard to believe these claims especially if you consider the fact that Forex-EA-Trader robot does not present their sales pitch with facts.

Therefore, for the sake of our readers, we have crafted a truthful review of what we have discovered about Forex-EA-Trader so far. If you were thinking of joining, you better hold your plans until a later date. Or you could just sign up for these trading programs instead. Those apps have been cherry-picked by us, and are not scam in any way. That being said, let’s review the culprit software.

Forex-EA-Trader Review

When we look at this site, the first impression that comes into our minds is that this is a scam. The video of the supposed trading tool that will make you rich was animated. The presenter is only concerned with talking about the flashy lifestyle instead of telling his audience what the Forex-EA-Trader does and whether or not it is capable of reaching an extremely high strike rate.

When we observe the Forex-EA-Trader cartoon presentation, we see that it is a total waste of time because it lacks substance. It only makes promises that are impossible to achieve. In fact, the kind of promises that the Forex-EA-Trader website make are rather ridiculous– only possible to achieve in your dreams.

According to these scammers, the Forex-EA-Trader is fully automated. It was designed like a “Broker Spy Module” that will protect your capital and you from unethical brokers.

And the ”best” thing that ever happened is that it doesn’t require you to know how to spell ”Forex trading”. The system works round the clock to conceal your stop levels from unfair brokers who trade against their clients.

The Forex-EA-Trader trading system is the biggest lie and manipulation on the internet. Initially, we thought that this scam was so blatant that no one would fall for it. Then it somehow occurred to us that despite the signs getting clearer, some people were still getting convinced and losing money thereafter.

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Fake Reviews

Scammers know that unsophisticated investors will always ask for some kind of proof that a trading system works. But these investors will never do their own due diligence to validate the kind of proof that they are being presented with.

Once they are presented with scripted reviews and screenshots of members that made supposed profits, the investor will go ahead and give it a try with real money. In some instances, the broker will ask a bigger deposit, promising huge profits in return. But as you know, this may never be the case because no one has ever gained a dime from these scams.

In the case of Forex-EA-Trader system, the red flags are so obvious. You cannot miss them.

We wouldn’t want to believe that people are falling for this scam. You see, this is the dumbest project that criminals ever launched on the web. We searched for these reviews and testimonials to confirm what we had seen on the video. This video features some people who claim that they traded with this software and made lots of money in a short period of time.

We wanted to confirm these things. But now it turns out that these video testimonials are fake. The Forex-EA-Trader trading system has never been used by anyone, thanks to the numerous red flags which serve as a warning not to proceed. As a matter of fact, this EA has awful customer reviews at major trading site. see below

Review Verdict : Forex-EA-Trader is a scam – Avoid

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Forex-ea-trader.com Review: Is Forex Ea Trader Legit Or Scam?

Forex Ea Trader Review: this is the name of a Forex Expert Advisor vendor that seems to be based in Italy. Is forex-ea-trader.com a scam Forex EA vendor or legit?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

When we open the page of the vendor, we find an Italian flag above it, this is why we assume it is based in the country. This can of course a wrong as we find no information about the vendor nor the company address. It touts itself as the “#1 Forex trading robot” and tells clients that they can become successful Forex traders.

It is totally in character for Forex EA vendor to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

How Forex Ea Trader Works

While it is not uncommon for this to occur, even among popular EA vendors, we do not encourage it. Traders would like to get some level of understanding how the robot works and to ascertain if the vendor is not just some rookie trying to deceive people.

We however found some benefits of using the product summarized on the page, they are as follows:

Stress Free Trading

With Forex Ea Trader traders can do away with trading related stress as it comes with a trading algorithm designed for easy use. It is said that the system continually looks for high probability trading opportunities. It then enters a trade after finding this with SL and TP features.

100% Rules Based Trading

The robot is not a product of guess work but rather all its trades are from analysis carried out by the system. Traders can remain in full control of their account and have confidence while the EA sets the SL and TP.

Broker Spy Module

This is said to be a first of its kind. It is engineered to protect trading capital and traders from unethical brokers. Traders can monitor brokers in case they try to use high negative spillage, high spreads or delayed execution.

Profit Protection System

Because of the disappointment that traders feel when they have to close a position. Such they have made profit from at a loss or when it hits stop. Forex Ea Trader comes with a near-stop level protection for position. This assures traders of at least minimum profit when it becomes possible and helps monitor optimum closure of each position.

Broker Protection System

This uses a Stealth Mode to protect against unethical brokers. In this mode, Forex Ea Trader SL and TP levels are not shown to brokers and an emergency SL level is given to the broker. The level is not reached before the Stealth Mode kicks in.

High-Spread Protection System

Guards traders from trading at the times when brokers broaden the spread above levels acceptable to you.

Advanced Money Management

The robot fixes volumes chose by traders in any particular deal. This measures comes alongside the standard options and allows traders select current drawdown compensation.

Forex Ea Trader Pricing Structure

It is unclear what the price for the robot is as it is not stated. On the page, traders are invited to get free copies by filling a form requiring their email addresses and phone numbers. This is quite strange for a Forex EA vendor and looks shady. We found on another website that it costs $237.

Clients Feedback

On the page, we find about 4 reviews from clients that are all hailing the product. This is to be expected but not trusted because they could be fabricated. On FPA, we find many negative reviews especially about their customer service.

Trading results are provided on the page and also on Myfxbook, which is a third-party website. While this is good, one of the result show 53% gain and a drawdown of 58%. The rest are dubious and not verified.

Support

To contact the vendor or a customer care agent, send an email to [email protected]

Conclusion

The provision of results on Myfxbook by Forex Ea Trader is encouraging but the results in themselves are not good. Negative client reviews are always a warning and deterrent to traders as well. As at this time we would need the vendor to fix up issues before better ratings are given.

Forex-EA-Trader.com Review Visit site

About Forex-EA-Trader.com

The Forex-EA-Trader is a forex and cryptocurrency expert advisor. The Forex-EA-Trader automated forex trading software for the MetaTrader platform places trades for you. The Forex-EA-Trader.com forex robot works with fx currency pairs, bitcoin, ethereum, litetcoin,and other cryptocurrencies.

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Consumer Reviews

Service use: Live

Length of use: 6-12 Months

I opened an account with AvaTrade who are FCA regulated in the UK and were recommended by Forex EA. Setup went great and Forex EA support even remoted onto my VPS (via my desktop) to check settings of the robot, which was excellent service.

I opened an account with Forex EA supports recommended minimum amount – £200, which seemed low, however that was their recommendation.

Two things struck me with this robot – 1. It does not use a stop loss, although it would be possible for the robot to manually monitor the trades itself and close when a level is hit; and 2. It keeps trades open over a weekend, so being vulnerable to weekend news.

My experience is the same as everyone else – the robot closes winning trades after around 11 pips, but keep losers open and appear to keep them open indefinitely. It also closes a winning trade but then almost immediately opens another trade in the same direction. so you pay the spread multiple times.

I started the robot on a live account on 8th July 2020 and by 5th August 2020 it was running low on margin with losing trades open and getting bigger and bigger. The robot was unable to open any more trades, I contacted Forex EA support who advise I needed to place another £100 into the account. against my better judgement I did.

There were some small wins but by 9th Jan 2020 all the margin was used again because it kept the losing trades open. On contacting Forex EA for their opinion, they first asked me to call AvaTrade. After asking them why I needed to contact the broker, when it was the robot making the buy/sell decisions, they asked for a full account history and they said they would get back to me, which they never did. I manually closed the losing positions on 15th Jan.

The robot trades the 15M EURCHF chart however I had one losing trade open from 17th July 2020 until 14th January 2020.

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