Welcome to this Forex Megadroid robot review. Today we will cover this trading signals platform which is definitely not a new one, but one that I found out about just lately. Forex Megadroid is a platform that deals in the currencies market, just like some of the recent binary options auto traders we reviewed. However there are some differences, including the brokers, trading strategies and platforms. This is an EA (Expert Advisor) which is an algorithm used on the traditional Meta Trader platform and trade on the trader’s behalf. The Forex MegaDroid claims to generate around 95% of winning trades which sounds outstanding and might tempt you to join.
Many promotion materials and all kind of reviews are going on out there as this investing product is around for quite a long time. But I suggest that just before you join in this system, you go over our honest review and get to know the truth behind this trading tool.
Review of Forex Megadroid Robot Software
This system was invented and developed by John Grace and Albert Perrie. What it does is to trade automatically according to allegedly winning signals strategies. The Megadroid program’s owners claim it can correctly predict near term price movements. Soon after it was first released it seemed like a big success. It sold many copies and you could see marketing promotions all over. Does it mean that traders were pleased and that this auto trader actually make money for them? Not necessarily.
We learnt in some previous scam reviews that brokers play a critical role in automated trading robots performance and your success. You can have the most profitable algorithm in your hand but you’ll keep losing money if you do it with the wrong broker. Brokerage firms who are not legit regulated ones, might manipulate the results inside the system. When it come to Forex there are two types – the brokers who play against you, and the ones that send your trades directly to the real market to match another person buying or selling order. When a broker is a market maker it means that he plays against the clients. It doesn’t mean that it’s not legit or a scam. But it might be problematic in some cases. No one loves to lose money consistently, and when the broker run into a successful machine he might lose a lot of it.
The automated algorithms industry was greatly developed in the past few years and professional traders and programmer were able to create many Expert Advisors that proved to win time again. But as with other niches, with this success came also the fraudsters. The people who try to take advantage of every good thing, and create scam software claiming to be the real thing. In fact, they obviously sell you worthless things, and charge for it as much as they can.
Is the Forex MegaDroid EA a Scam?
So now you know that some of the brokers don’t actually send your trading positions to the real markets. You also know that some automatic trading software are manage to steadily generate generous profits. The sad results of these two facts is the following – Scam Forex brokers decided to start creating useless robot trading software by themselves. They sell it under a cover of some prestige expert advisers. In fact they hand you with a robot that was design to lose your money and pass it to them. In addition, they often charge you for that dubious pleasure.. The Forex Megadoid system seems to be a good example for that. They present it as a promising money making machine. Selling you the idea that by using their platform you’ll be able to make tons of money online without any effort and from any place you want.
The reason I got to know about the Forex Megadroid robot in the first place was an increasing amount of complaints we received about this trading software. After a short search I’ve found out many other unsatisfied complaining traders. One of the most known and high authority site for review is Forex Peace Army, where you can find many negative comments from real users of the Megadroid trading system.
Any real review of this product was involved with disappointed clients and false attempts to receive their money back.
The truth about the Forex Megadroid
The price of this Forex trading program seems to be fair, but it’s misleading. You can purchase the Megadroid for a one time payment of 67$ according to the last update. In addition they grant you with a 60 days money back guarantee. But don’t let this supposedly risk free attractive offer to fool you. First of all, the reason they give this 2 months promise is because they have to. This is part of the policy of selling products through the Click-Bank online platform.
In reality, they will first take your initial deposit. Then, they will do everything to make you stay without asking to refund. These type of scam companies have ways to do so. They can present you profits in the beginning, temping you to invest more and to upgrade. Eventually you find yourself after two months, after investing much more than the initial 67 dollars you paid. You have no way to return your bucks anymore as the trial ended. In addition, nothing of the outstanding promises will come true. Only Aggravation.
Forex Megadroid Review – Bottom Line
I admit that I haven’t tried the system myself or saw it on my own eyes. But the increasing amount of evidences from real users, is sufficient for me to consider it as a Forex scam. At least until something will prove otherwise, which I really doubt. People lost money, and some say that it almost doesn’t take live trades. Too many issues and it was impossible to fund genuine verifiable positive testimonials. Therefore, I highly recommend that you avoid using the Forex Megadroid. There are plenty of good, profitable and legit platform for investment in the Forex and in the Binary Options market. Sorry to tell you, but the Megadroid robot is not one of them.
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