Forex Olympus is a new automated trading software that is actually part of a serial scam run by Green Forex Group powered by the popular pen name – Rita Lasker. Their latest scam products here include Forex Hercules and Forex Avia Robot. Usually, they try to entice you with make up screenshots and timer that coerce you to make a purchase.
In this case, they listed a couple of features that make them unique. As with their other products, they promise 100% no repaint signals and 24/7 support.
What is Forex Olympus? Either is Forex Olympus scam or legit?
Any expert in forex trading can clearly see that Forex Olympus is a scam. However, if you want to find out why is Forex Olympus a scam and what is Forex Olympus in real, then you can find that within our Forex Olympus review here, for that you don’t have to search any other Forex Olympus reviews.
Forex Olympus Review
- Forex Olympus is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
- Automated trading solutions like Forex Olympus are getting a lot of hype of late and Forex robot scams are not far behind.
- Most automated trading scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
About Forex Olympus Product
Forex Olympus is not the first product by Rita Lasker and will not be the last. There are up to 30 products released within a short period by this group. It is possible that this group is out to make profit than the interest of their clients. Why do we say that? Even if you are making profit with this bot, it will not last – they are in a habit of producing new products instead of updating the existing ones.
Forex Olympus Strategy
Like in our review of WinFX, we saw that Forex Olympus is offering 3 settings combination to configure. These strategies represent a particular risk level – Moderate, Neutral and Intense.
Now they told us the risk model you can select but failed to tell us how the robot will make an investment. They did not tell us the actual software strategy for picking trades in the market when you select each mode.
We have also observed that this website is not as professional as those belonging to serious developers who sell serious products.
Forex Olympus Results
Like always, Rita Lasker and Green Forex Group are notorious for uploading many screenshots of unverified results. Those result statement showing profits should not be taken serious because you will only see it on that website. Any webmaster can upload such pictures and call it trading result.
Professional trading robots on the other hand publish results on a third party statement sites like myfxbok and FXBlue for you to track and consider.
Stick to the usual high quality Forex EAs and indicators!
Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.
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- 3 risk settings
- No strategy insight
- Unverified results