Forex Gump EA Review: this is the name of a Forex Expert Advisor that does not provide many corporate information. Is forexgump.eu legit or a scam?
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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.
Forex Gump EA claims to be a Forex Expert Advisor, “a very profitable” EA according to the website. The forex robot does not mention a parent company nor does it give an address to which it can be traced. This is not a comfortable way to sell a product unless it is shady.
The disclaimer at the bottom of the page mentions the “U.S. Government”. This piece of information may be intentional into leading traders to believe that it is located in the United States. We found that it was created in 2018 and is powered by Webnode.
Webnode is an online website builder system, showing that Forex Gump EA is either run by a single person or on little money. Traders are to beware of this kind of vendors. They can disappear at any time because they invest very little in the business, lacking needed depth.
How Forex Gump EA Works
It is claimed that the EA uses “trendy a candle and News Filter”. Forex Gump EA is able to adjust to situation changes in the Forex market. There are 3 different settings: high, middle, and low. The vendor claims that this is to protect clients’ money even if the system crashes.
Up to 9 currency pairs are supported on M1 Timeframe. It works for a 24/5 period “programmed with 100% market evaluation and implementation. Without turning the system off, the robot will keep coming up with profitable trading opportunities. The recommended leverage is 1:100 and higher.
The €199 plan gives 1 live account and demo account while the €399 gives 3 live accounts and unlimited demo accounts. There is a 30-day money back guarantee for each plan.
Clients Feedback on Forex Gump EA
There are no reviews from clients on websites like TrustPilot and FPA. We however found some disturbing negative reviews about Forex Gump EA being a scam. The vendor does not have a verified account on MyFXbook where results can be fund as well.
To contact the customer care agent of this vendor, an online request form is to be filled on the page.
We do not find encouraging things about Forex Gump EA. Instead, the scanty information it provides is a red flag as well as the negative review and lack of results. The vendor will do well to come out more clearly before traders will be willing to pay such amounts of money for the robot.