Forex Express Robot: In today’s article, you will find out if the Forex Express Robot is a trading bot that scams people or if it seems to be legit to traders. Everything about Forex Express Robot and the operations behind their schemes will be discussed in this article.
Therefore, to find out the truth behind Forex Express Robo, keep on reading this article till the end of it for further understanding of this company’s earning scheme.
Forex Express Robot is a newly launched trading bot. As you all know, trading bots aid traders to trade with nice strategies, and all increase your trading experience.
Moreover, Forex Express deals in national currency pairings on the foreign exchange, such as EUR/USD & GBP/USD. The robot has received multiple accolades because it is very efficient and can generate returns on your investment of 20 to 40% per month. According to Forex Express, it is based in England. However, is this a reliable business that you can entrust with your money?
See below to find out how the Forex Express Robot works, and our verdict on this trading bot.
How does Forex Express Robot Work? Find Out!
Unfortunately, from our recent research on Forex Express Robot, we found out that the bot is a hoax. However, some people might find it puzzling that it might be compensating its members.
It can only be a Ponzi scheme if it is still paying its users. Such a plan merely transfers funds from younger members to more experienced ones. Which, in every case, only lasts a short time before the strategy fails.
Read on below to find out the reasons why we concluded that the Forex Express Robot is a scam. We can’t just conclude a company to be a scam, without showing relevant evidence attached to it. Therefore, read below to find out if this trading bot RED ALERTS hidden behind this trading bot.
Forex Express Robot Review – Is Forex Express Trading Bot Legit or a Scam, Find out!
In essence, Forex Express Robot is a fraud that won’t bring you any money. The automated trading of the financial markets has not proven successful. Actually, there is a shadowy financial system that is illegally operating. See below
Authorization & License, Find out!
A robot called Forex Express is designed to trade the stock market on your behalf. Given that the trading choices will be made for you by the robot, this indicates it is a financial service.
Additionally, most nations have laws governing this category of financial services. Consequently, is Forex Express Robot approved? No, it is not; it is completely unlicensed. In contrast, the UK’s Financial Conduct Authority has previously cautioned investors to avoid it.
The fact that Forex Express is situated in the UK and that the UK’s financial body is cautioning the public against it raises a massive red flag. No permitted region for this forex robot has been identified by us. Thus, it is clear that this trading service is unlawful.
Forex Express Robot – Fake & Uncertified Awards
Forex Express claims to have received Over 34 honors/awards for its trading robot on its official website. But not a single one is mentioned.
Our research determined that the bot has not received any award. These statistics about fraudulent awards are more evidence that this is a hoax.
Partners Seem Fake
On its site, Forex Express Robot claims to work with a number of trustworthy partners, including FXTM, HotForex, and OctaFX. But that is untrue.
The organizations listed under “Our Trading Partners” are not associates of Forex Express. You can reach out to such firms and inquire for yourself. It is a fraud when a corporation lies about its partners.
Fraudulent Activities in the Returns
Looking at financial plans is typically the quickest approach to spot investment fraud. With Forex Express Robot as well, this strategy is appropriate. Because it claims monthly returns of 20 – 40%, which you can only find with scammers.
No real trading or investment organization can provide such a high return on investment to its investors every month. You must acknowledge that as a fact. It will assist you in avoiding con artists.
Don’t believe that a fraud like Forex Express, which has been blacklisted, would be able to perform 12 times better than that without failing. Multibillion-dollar firms like Celsius were unable to maintain 20% annual profits.
Therefore, The Forex Express Robot is not a legitimate Forex trading robot; instead, it is a Ponzi-style fraud. In addition, at least one financial authority has already placed it on ban. You need to avoid it because of this. Meanwhile, for further information on Forex trading bots, stay with us on StartEasyCrypto.com, and also don’t forget to share.