Forexautomillions.com Review: this is the website of a Forex signal or vendor that claims to be the brains behind Forex Auto Millions. Is buying this signal worth it? Read our review to see what experts have to say about the Forex trading software.
What Are Forex EAs, 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 also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.
It is totally in character for Forex EA vendor or signal providers 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.
Forex Auto Millions EA Review
When we accessed the vendor’s page, we found that Forex Auto Millions is allegedly a ‘unique automated Forex robot’. The page also claims that it has been back tested over historical data in the MT4 strategy tester.
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Despite these claims, let us take a look at what the Forex Auto Millions looks like on the inside. We hope we will give you enough evidence either to buy the robot or to not.
How Action Forex Signals Works
First thing first, the vendor wants us to know that the Forex Auto Millions does not use martingale, grids or hedging strategies. Instead, the website claims that it ‘has been designed to run on the EURUSD currency pair 1-minute chart’.
That is all the page has to say on strategy. While this may impress some, many expert traders would want to know more about how the robot actually trades. The long rows of 8 years of back testing will not really cancel out this gaping hole in information.
Forex Auto Millions Price
Forex Auto Millions costs $99 and this purchase includes detailed setup instructions and 24/7 support for all your questions and suggestions. This is a forex robot for MetaTrader 4 which is a free and downloadable trading platform. As long as you have an internet connection you can use MetaTrader 4 to run Forex Auto Millions.
In addition, it touts a 60-day 100% moneyback guarantee if traders are not happy with the robot after purchase.
As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.
We found that Forex Auto Millions litters it page with what are supposed to be testimonies from several satisfied clients. However, if this vendor wants to be taken seriously, they would need to provide links to other third-party sites where we can read trusted and unbiased reviews about this product.
We see the same trick when it came to trading results. While Forex Auto Millions shows good back testing results conducted on the EURUSD currency pair and 1 minute time frame, it is still not enough proof.
Even the vendor warns; “Results are based on historical data. There is no guarantee of future performance. You should understand the risks involved with trading. Different brokers can produce different results due to spreads and liquidity.”
This is discouraging as it shows that the trader really has no proof of how the robot fares in the real Forex market.
To get in touch with the vendor and find out more about the product; you have to access the website and send a message via a link on it.
While Forex Auto Millions does tick some of the boxes of a legit Forex trading EA it doesn’t tick some. The fact that it also doesn’t provide trading results is also a red flag for us. Thus, we ask that you make your own informed decision concerning this vendor.
Forex Auto Millions
- Affordable pricing
- Back test results
- Little strategy detail
- Untidy website
- No live trading result
- No clear customer support