ForexDrawEA.Com Review: Is Forex Draw EA A Scam or Legit?

Forex Draw EA is a trading robot that is fully automated. Although it is new, it lays claim on being able to give the accurate rates needed for traders to make sustainable profits. It is a beginner’s targeted product that allow new traders earn like experienced ones.

The Forex Draw EA was launched in March of 2019 and the creators have not been discovered. However, on the website, the vendor of the product is placed in Singapore. It can be used with a very small capital and it keeps the risk low at all times. The EA also avoids fundamentals high impact news events.

 

How Does Forex Draw EA Work?

There is no well detailed description of how the Forex Draw EA works on the page. It has been revealed that the developers make use of the scalping martingale. This is a kind of trading strategy that can help traders make lots of gain or loss, depending on which direction the market moves.

Because Forex Draw EA is presented as a low risk forex robot, when it uses a martingale approach, it colors their credibility. There are two packages for traders to choose from: 2 licenses that cost $149 and an unlimited license that costs $199. It works on the EURUSD trading pairs.

Clients Feedback

There are no clients’ feedback as at this time. This may be because traders are reluctant to jump on a new product. But forexdrawea.com has a myfxbook trading account that shows 230% gain and 20% drawdown. The robot has undertaken 1600 trades since its existence and an overall win rate of 79%.

Support

Interested clients are directed to contact the product’s vendors through mail, forexdrawea@gmail.com

 

Conclusion

Since this is a new product, it is difficult to tell if it is legit or a scam. However, the presence of a myfxbook account is encouraging as well as an unlimited license. But, traders will be wary of trying out the purported martingale strategy. The fact that Forex Draw EA is not generous with information is troubling. Lastly, the website does not look professional enough to be trusted.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

DID YOU KNOW!! Most Autotrading softwares 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, see our recommendation HERE

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