Forex Auto Millions – Platform Overview
According to the website of the Forex Auto Millions, the forex robot offers a completely automated service that is capable of trading on autopilot 24 hours a day. The website provides the traders with an email address for complaints and support, but no other contact details have been provided.
The platform, however, does not offer any information about the company behind the product or the developer behind its coding. While this practice is not entirely uncommon in the forex market, lack of transparency is a cause of suspicion. The website does not offer any information or guidelines for the use of the product.
The website of Forex Auto Millions shows money back guarantee offered by the company. If the user is not satisfied with the product, they can ask for a complete refund within 60 days of purchasing the product. However, the lack of reviews by users fails to affirm if the company provides a refund.
Trading Strategy
Compatible with the MetaTrader 4 trading platform, the forex robot runs of the EUR/USD currency pair 1-minute chart. Working on a fixed stop loss, the robot does not employ grids, martingale or hedging. The Forex Auto Millions robot can be used on autopilot mode 24 hours per day.
As for the trading strategy followed by forex Auto Millions, the website only provides answers to some simple questions in the FAQ section. The lack of information about the trading strategy employed by the robot depicts a lack of transparency, which is perceived as a major red flag by many traders.
Backtesting or Trading Results
The platform of Forex Auto Millions claims that in 8 years of backtesting, the robot made $46,125,309, from a deposit of just $1,000; indicating towards a 99% win rate. However, the website provides just a screenshot of the trading results and no link to testing platforms like myfxbook or fxblue. Lack of trusted sources fails to establish the credibility of these results.
Advantages
- Compatible with the MetaTrader 4 trading platform
- 24/7 Customer Support
- Decently Priced at a One-Time Charge of $99
Disadvantages
- No Information on Trading Strategy
- Lack of Credible Backtesting Results
- Absence of Information About the Background of the Company
User Reviews
The reviews of Forex Auto Millions online are scarce, offering very little user experience reference. Diving into a product without knowing how it has fared for other traders can be highly risky.
