FX Condor is a new automated trading software for MT4/MT5 plugin. FX Condor trades on popular 12 currency pairs with frequency as high as 100-150 trades per month. Recommended time frame is H1 and they guarantee 24-60% ROI with a combination of 12 trading systems.
The price to buy the FX Condor robot is $47/month. Forex pairs include AUDUSD, EURAUD, EURCHF, EURGBP, EURNZD, EURUSD, GBPJPY, GBPUSD, NZDCAD, NZDCHF, USDCAD, USDCHF.
There are no information about who owns and runs this software. They EA supposedly works with 12 strategies but they failed to give details on the strategies.
FX Condor Results
The reason why FX condor is a scam is because it does not have a live trading result.
Those screenshots uploaded on their website does not qualify to be a performance result to follow – as anybody can upload such on a website.
In order to take them serious, FX condor owner should upload a verified trading result from myfxbook or FXBlue.
For the best Forex trading tools with proof of performance in a live account, visit this page.
Conclusion
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 signals/ 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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