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Dragonexpertfx.com Review: Is Dragon Expert EA A Scam?

Dragon Expert Review: this is the name of a Forex EA vendor that claims that its product is dominating the charts. Is Dragonexpertfx.com a legit or a scam robot?

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.

Dragon Expert opens its sales page with the bold claim mentioned above. It goes on to state that with this EA clients can generate 70% to 100% profit monthly. This sort of sales strategy is uncomfortable as it tries to seduce clients with wild claims.

The CEO of this company is someone named David King. It is claimed that Dragon Expert is a group of professional forex traders, technical analysts, and MQL programmers. They claim to be providing a “flawless algorithm” for traders. No address is provided but the grammar errors on the page point to the fact that these individuals may not be from English speaking countries.

How Dragon Expert Works

We could not find much by way of the working mechanism of this EA. With the wild claims that the page is filled with, traders would be interested in finding out how the vendor plans to achieve this. It mentions some sort of new algorithm. This is not enough to convince traders.

It mentions various points on the page like a legendary trading strategy, advanced correlation algorithm, default optimized setting, real time broker shield, hidden take profit and stop loss, and many more. These looks like strategies but they are common to anyone with even basic knowledge of Forex robots.

No in-depth explanation is given as to what makes the robot unique or able to make the kind of profit we find on the page. This is a major red flag and the vendor will do well to change this to be considered legit.

Pricing Structure

It states that downloading the application is free. Then, clients can choose from the 4 different plans it offers. There is a free demo account and a Rookie Trader account that costs $297. The other two accounts cost $597 and $2297.

These prices are quite high and in a market already filled with trusted robots at much lower prices, this is not competitive enough.

Clients Feedback

We could not find much by way of reviews from clients who have patronized this vendor. It has two accounts on MyFXbook with one already inactive. Both accounts were found to be with Forex brokers with little or even poor reputation.

The profit claims made on the page are far from what can be found on the accounts. This is both questionable and discouraging.

Support

To reach the customer support services of this vendor, email: dragonexpert99@gmail.com or chat on skype via: dragonexpert99

Conclusion

The fact that Dragon Expert EA has accounts on MyFXbook may be considered good but its result shows its claims to be false. The pricing is quite high as well and the information on how it works is missing.

 

DO YOU KNOW!! Most Autotrading softwares, EAs or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, you can check out our recommended forex trading signals/EA and robots
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Dragon Expert EA
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