AlgoPound is an expert advisor that offers Forex investors a vague trading strategy and brags about the returns they generate for their clients. They are run by an anonymous bunch of people with no track record.
However, they do have a way of marketing their product which is the main reason behind this EA popularity. Profits return of %3-%6 monthly may seem manageable, but do not let circumstances blind you from seeing the truth. We ran an investigation about their robot and found out all their hidden motives.
Read our full review wherein we will unravel the nasty agendas about the vendor peddling this platform.
As far as the support team goes, the only way to contact them is via email. Email: firstname.lastname@example.org.
AlgoPound EA strategy is said to revolve around popular Forex pairs, EURUSD, EURJPY, CHFJPY, USDJPY, EURNZD, USDCAD, GBPJPY. Their sales page talks about the basic concepts of the market. Unfortunately, many people will be convinced by looking at the professionalism of their website. However, you have to consider the fact that, they do not have any proof to back up their claims.
Now, stop and think for a minute, have you come across any good expert advisor without providing telephone support? So, be very cautious if you are being contacted.
Moreover, the vendor didn’t even have the courtesy to showcase their trading history as well. Investors are not told about their trading system or the set of parameters they employ. Their way of managing money and risk is unknown. With all these facts in mind, how can you even justify investing with them?
Developing an expert advisor for retail clients have a lot to offer, but it needs detailed trading strategy to take full advantage of that. So, do not entertain any offer which claims to earn you money without a comprehensive working algorithm.
Do you like to be among the 2% of successful Forex traders? Of course, right? And that is exactly the kind of returns this vendor is promising.
Take a look at their plans, but do not believe them because it is all one big conspiracy to lure you in.
- Type: Forex Robot
- Price: Deposit
- Strategy: Undisclosed
- Timeframe: M15
- Pairs: EURUSD, EURJPY, CHFJPY, USDJPY, EURNZD, USDCAD, GBPJPY.
To enjoy all their services, you are required to open a live trading account with an Mt4 supported broker called MultiBank. This can be done exclusively from a link on their website. After signing up, you need to hand over your MT4 login ID and password to this anonymous vendor.
There are many screenshot of trading result shown on their platform. However, do not believe them blindly. Everything done by these vendors has the intention to give a false impression to the public.
None of the trading result on their site is updated. Moreover, their sole motive is to seem like a transparent EA developer which makes money for their clients, but that is a trap. During our research on this EA, we came across a performance result called Algopound 2019 2K Challenge,” but when we click it, we get a message that the “page you’re looking for was either removed or doesn’t exist.“
Ask yourself, why would they put up outdated results, unless they have something to hide from the public?
Our best advice for you
AlgoPound is an obvious scam because the operators are completely anonymous and secondly, no updated trading result are involved in proving alleged profits. Use these genuine trading tools if you want to make money.