This review explains why we are not impressed and confident with the FX Scalper X robot presentation.
FX Scalper X Review
FX Scalper X claims to be a next generation 100% automated trading software on MetaTrader to help unprofitable traders become profitable.
You can choose between 3 subscription plans for the FX Scalper X bundle (3 robots for the price of 1).
FX Scalper X is claiming to make profits in auto pilot with 3 profitable robots.
That said, you may want to look at these most profitable Forex EAs since we’ve always felt that they are the best for getting started in the Forex markets.
FX Scalper X is also claiming that they are trusted by over 8000 traders worldwide and therefore a legit expert advisor. But is it true?
FX Scalper X Owners
FX Scalper X does not introduce any of their developers, yet they claim build next-generation profitable trading software.
The site has been around since for quite some time now and we expected the vendor to provide a proper introduction of who they are so they can be trusted.
Currently the team is anonymous and we can’t even verify their location or their years of trading experience.
If they’ve failed to include this information on their site all this time, chances are that they may never introduce themselves ever.
- FX Scalper X robot is designed for the metatrader platform
- We get that the robot works using scalper strategy
- Recommended timeframe and currency pairs were not disclosed
- Minimum subscription is $65/month
The vendor is using fluff on their website to market this robot. They are not giving us any unique reasons why we should trust the robot to trade our accounts.
Likewise, the screenshots of the alleged 8000k users making profits with these robots cannot be verified anywhere. Somehow vendors find it easy to exploit loopholes and present fake reviews to their clients.
At this point, we’re interested in finding out whether they truly have a trading performance record.
FX Scalper X Result
FX Scalper X provided a myfxbook result hosted on the LQDFX brokerage platform.
It’s important to note that these folks are not putting their money where their mouth is since they’re using a demo account.
A serious vendor must demonstrate confidence in their strategy by actually investing their own funds in a live account.
You cannot proclaim that your robot is profitable when you cannot demonstrate the same with on a live account.
Secondly, this myfxbook account shows monthly gain of 9.57% with very high drawdown of 41.84%. This is totally unacceptable.
We feel that FX Scalper X is not a reliable Forex robot service.
The robot does not appear to be profitable which is why they’re relying on a demo myfxbook account.
Of course their anonymity is something that we don’t take easily.
Transparent vendors will provide a proper introduction and give us legitimate reasons why they want us to join use their robots.
But this FX Scalper X has not lived up to expectations. So they are possibly a clever scam.