I am glad you found your way to this forex steam review.
In this review of the forex steam robot, I will be giving a detailed analysis of the robot.
At the end of this review, I believe you will be convinced enough on whether to buy the robot or not.
Just as you already know, 90% of the online forex robots are scams and the only way to know which to buy is by going through reviews like this.
Do you intend to buy the forex steam robot anytime soon? Here is an honest forex steam robot review.
|Currency Pairs||Mainly EUR/USD|
|Trading Platforms||MT4 and MT5|
|Historical ROI||Not Disclosed|
|Website||FOREX STEAM Robot Website|
The forex fury robot is a robot with four licenses and about 6,000 clients with 10 years of service.
Should You Buy The Forex Steam Robot?
The robot has the following winning percentages from the last four years:
- 79% – 2018
- 83% – 2019
- 86% – 2020
- 91% – 2021.
However, the first major turn-off about this robot is that it does not work with every broker.
Also, the robot does not have a refundment plan. Anyone that decides to buy the robot today and it ends up not working should just forget about refundment.
A good forex robot must always have a refundment plan.
In addition, the robot cannot be backtested. One of the things to consider before buying the robot is to check if it can be backtested.
It is so funny how the developers of this robot have decided to create a robot that can not be backtested. Do you expect me to buy the robot without seeing the backtest results?
Furthermore, the robot live trading results are too good to be true.
A part of the website revealed that the robot was able to move a 1000 USD account to 5,838,834 USD in just 362 trades. This is just too good to be true.
In fact, the robot can go up to two days during the week without placing a trade. Why would I buy a robot that cannot trade actively for me when the market is always active for 24 hours?
Lastly, the Frequently Asked Questions(FAQs) section of the website has a part that comes with suspicion.
A question from one of the users says, ” Why are some of my trades different from the published results?”.
A further investigation into the question later revealed that some of the live trading results are false.
Live Trading Results.
The robot turned a 1000USD account to over $5m in just 362 trades on live trading.
Also, it turned a 3,000 USD account into over $59m in just 1462 trades.
These results are outrageously too good to be true for any forex robot.
In fact, the robot can go long hours without trading, how is it now possible to record these huge profits?
Besides, do not trust any robot that you cannot backtest.
In addition, the robot recorded some huge losses as compared to the profits in some of the live trading results.
The developers of this robot have decided to keep the strategy that it uses to trade undisclosed.
Even though most developers do this to avoid the case of strategy theft, who does not want to know the strategy that turns 1000 USD to Millions in a few trades?
The robot has no refund policy. Expect no refund after buying this robot and it does not work to your satisfaction.
Also, it is impossible to backtest this robot. Every forex robot must undergo backtesting before usage.
In addition, the robot can go up to 24-48 hours without trading. Does this mean that while other robot owners are raking in profits, mine will still be waiting for a favorable entry position?
Lastly, the live trading results are false.
Are you still thinking of buying the robot after reading to this point? Well, I would advise that you donate to some orphanages instead of wasting your money.
If I were you, I will do some Netflix subscriptions and see some movies with my favorite person.
Or I register for an advanced forex class to gain more understanding of the market.
Here is an honest forex steam review, you should know what to do at this point.
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If you have used the forex steam before, share your experience with the comment box below