At ScamEA.com, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment products or simply a scam. The way investors properly compare a Forex EA, is by checking to see if their results are published and verified on a 3rd party statement-sharing site, like myfxbook.com or FXBlue.com.
Top-rated Metatrader developers
Take a look at these 5-Star rated MQL developers to get started.
WallStreet Forex Robot is one of the most efficient expert advisors in the market today. Focused on a Market Bias algorithm in conjunction with a Broker Spy Module, WallStreet Forex Robot 3.0 is a unique new addition going for $267. It comes in a pack of Forex, gold, and crypto trading expert advisors.
Waka Waka EA is one of the most profitable Forex robots in the market and has detailed backtesting and live records to verify its statistics. The expert advisor uses real market mechanics to its advantage to make profits. The algorithm of this expert advisor does not use risky martingale strategies which can cause a high drawdown on the account.
Most insightful Forex robot reviews in the industry
Check out our expert advisor reviews to gain expert knowledge about the significant developments in the automated trading industry. Take advantage of our thorough analysis in essential categories such as developer experience and transparency, Forex robot features, trading strategy, package and pricing, and trading results.
Why Trust Us
If you are searching for the best Forex EA, you already know the importance of having a reliable Forex Expert Advisor. Here at ScamEA.com, individual Forex robot ratings are based on extensive research from our in-house experts. Our rankings are powered by live trading records at a 3rd party statement-sharing site like myfxbook.com or FXBlue.
Best Forex robot and expert advisors
Here is the ranking of the industry’s most popular and profitable trading tools and robots.
| Forex Robots/EA | Live Account | Win Rate | Monthly (Real Gain) | Total Gain | Learn More |
|---|---|---|---|---|---|
| FX JetBot EA |  | 80% | 93% | +1,317.64% | Review |
| FXCharger EA |  | 60% | 25.21% | +568.81% | Review |
| FXParabol Robot |  | 72% | 11.98% | +852.86% | Review |
| Waka Waka EA |  | 74% | 7.44% | +6,285.31% | Review |
| FXConstant EA |  | 51% | 5.07% | +791.00% | Review |
| WallStreet Forex Robot |  | 77% | 3.74% | +215.47% | Review |
| Forex Diamond EA |  | 71% | 2.59% | +126.16% | Review |
| GPS Forex Robot |  | 94% | 1.49% | +566.97% | Review |
| BF Scalper Pro |  | 70% | 0.98% | +32.93% | Review |
Most profitable Forex robots in the market
Based on Monthly returns on real accounts at myfxbook.com
This EA is supported by verified trading statistics, which means the developer’s claims are substantiated and it has a proven track record of winning live profits. The developer is well-known for manufacturing profitable robots for several years. Read More.
Golden Pickaxe EA is the winning XAUUSD (Gold) trading system you’ve all been waiting for. Finally, here’s what you need to make a difference and it costs just $1485. There are 5 gold trading algorithms to choose from, each with a proven winning formula. You won’t have to research, and the expert advisor does it for you. Read More.
Where to Trade?
Remember you will need to integrate the EA software with your trading account. In order to do that smoothly you will need a broker that offers Metatrader 4/5 and allows you to use Expert Advisor in their Terms of Use. You need a compliant broker with fast transaction processing (no delays, no platform freezing) and relatively cheap trading costs (remember your EA can do lots of transactions, so you don’t want a forex broker which will shave you on commissions, overnight fees, or high spreads)
Avatrade – (Recommended for Non-US Traders), sign-up here.
HankoTrade – (Recommended for US Traders), sign-up here.
We Research for You!
There are unfortunately many scam EAs (expert advisors) out there in the forex industry, and it’s important to exercise caution and perform due diligence when evaluating any EA. Here are some warning signs that may indicate a scam EA:
- Unrealistic claims – If the EA promises to make you rich quickly or claims to offer extremely high returns with little to no risk, it’s likely a scam.
- Lack of transparency – If the EA developer does not provide transparent and verified track records, or is not willing to share information about the trading strategy and risk management approach, it’s a red flag.
- No demo version – If the EA does not offer a demo version for testing, or if the demo version performs significantly differently from the live version, it’s likely a scam.
- High price – If the EA is priced significantly higher than other EAs in the market, it’s important to evaluate why this is the case and whether the EA provides enough value to justify the price.
- Poor customer support – If the EA developer does not provide timely or helpful customer support, or if they are unresponsive to inquiries, it’s a red flag.
Remember, there is no guaranteed way to make profits in Forex trading, and any EA that promises otherwise is likely a scam. It’s important to have a sound trading strategy and risk management plan in place and to only risk capital that you can afford to lose.
About ScamEA.com
ScamEA is a free Forex resource site for algorithmic traders. ScamEA was founded in 2016 by Forex traders and algorithm trading enthusiasts. The main goal of this site is to provide quality reviews, performance testing and analysis, and other Forex resources that allow Forex traders to scale their profitability.