You have heard that Forex trading is profitable. But definitely what you have not found is someone who can show evidence of getting rich with Forex in a long term . Like all other investments, you need some patience to significantly build wealth. We don’t think Forex Real Profit EA will give you the wealth in a in long duration. It’s just a flawed way of viewing things as a trader. We recommend these trading products instead.
Forex Real Profit Review
First of all, we would like to mention that it is not known who the developer of this trading system is. So even as you contact them on the provided email, you will be engaging a stranger in a conversation which is likely to determine whether or not you will become a successful Forex retail trader.
But generally, we do prefer working with vendors and coders who have a reputation in the market place, not those who are not willing to disclose their identities.
Not that strangers or those who don’t have a reputation are automatically scammers, but it’s because we feel that a vendor/programmer should be professional enough to give a proper introduction of who they are before we can trust what they have to offer.
Pricing and robot background
The cost of one license is $199. Based on what the vendor has said, we can conclude that this trading system is a scalping based robot.
It trades on M15 time frame, and mostly works fine with EURAUSD, EURUSD, GBPUSD, USDCHF, USDJPY. So when you pay $199, you will gain access to a year license of the Forex Real Profit EA.
On top of that, the developer claims that when you buy Forex Real Profit EA and are not satisfied with the result, the 30-day money back guarantee will cover you, so there is no need to worry.
Most of the time, we warn our traders not to dish out money in the hopes that a money back guarantee will cover them. This is because most vendors don’t honor this policy. It may prove to be an uphill task getting a refund from them. So please keep this in mind if you don’t want disappointments later on.
The first thing we notice here is that Forex Real Profit EA has 4 myfxbook accounts provided. This is not our favorite account statement sharing platform.There are 4 Myfxbook accounts provided by the vendor, but it seems as though only one of them is still active and it’s not verified. The 3 other accounts have all stopped trading, with one that ran until mid-2013, and another until late 2015.
This main account is showing a 422% gain since June 2013, up to today. During this period, the highest draw down is 27%, with the monthly gain being 3.12%. The average win is approximately 11 pips, and the average loss is 17 pips. Since this account was created in 2013, there have been over 6300 trades. For the most part, the trades are very small, and every once in a while there is a large trade around 40 to 100 pips.
In 2017, the EA has gained around 10%, which is a drastic fall from the performance the system has had another years. Even in 2016, you can see that the software is starting to slow as the gain for the entire year was around 20%. Considering this EA showing an overall gain of over 420%, it’s quite clear that the majority of this has come in the early years.
So, does this mean that Forex Real Profit is a scam? Well, not at all. We only mean that that it is not profitable as it used to be.
Review Verdict – Forex Real Profit EA is a Scam
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Our best advise for you
Forex Real Profit EA best days are in the past, and so there is no much profit seen in recent times. We do believe that the best thing to do now is to step aside and continue watching to see whether Forex Real Profit will return to its past glory. Just in case you missed the link for subscribing to our recommended trading products, here it is once again.