Forex Passive Income Review: this is the name of a Forex robot vendor and a signal service provider as well. Is fxpassive.com a scam or is it legit?
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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.
The vendors behind FX Passive or Forex Passive Income are not very popular and they do not give any detail regarding their identity. We were able to ascertain that they are based in Nigeria. That is what we know about the people who created it.
They claim that with this robot, traders can make “passive Forex income monthly”. 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.
How Forex Passive Income Works
On the page it is mentioned that the robot is a product of countless hours of studying and trading the Forex Market. They are certain that with it traders can make “cash out monthly”. Most of what we find on the website does not tell us how the robot works.
It is also called an EA so auto trading should be allowed and it is touted to be able to trade 24 hours nonstop. Even when the trader’s PC is shut down, the trades are said to go on.
Forex Passive Income or FX Passive is said to be free for traders who start an account with their recommended broker. Clients are told to create and fund an account with FBS Forex broker and get the robot free. Traders should get to know more about this Forex broker.
FX Passive Pricing Structure
Traders who already have a Forex broker can purchase the robot for about $168 the dollar equivalent of ₦59,800. For those who want to get it free, they are to create an account with FBS and fund it with a minimum of $500.
We do not find anything worthy of note about Forex Passive Income or FX Passive on popular third-party websites. This is not encouraging, perhaps it is still new.
Results are provided via a Telegram Channel and it is said to be real but we are not satisfied with these. Traders are more assured of a result’s trustworthiness when it is put up on websites like Myfxbook and it is from a verified account.
Forex Passive Income Support
To contact the vendor or a customer care representative, traders can use the WhatsApp chat link or call: +2348128895279 or email: firstname.lastname@example.org
Information on the website of FX Passive or Forex Passive Income is to the barest minimum. This is not encouraging as Traders are not really reassured if the vendor is well grounded. The price is quite affordable if it is a lifetime license package. But the minimum deposit for its recommended broker is high.
Lack of reliable results and clients’ feedback is another red flag.