Elite Forex Trader Reviews
“scam scam scam”
Elite Forex Trader Reviews: Auto Trader:
Elite Forex Trader is providing forex EA service (Expert Advisor) or Forex Auto trading “Robot”. It’s a programmed Expert Advisor (Robot) that executes trades based on the preset settings and strategy. It is a combination of scalping, hedging, grid, and a conservative Martingale. It has also the unique feature of risk protection that can protect from large drawdowns. Traders need to set up this robot once and this robot trade forever.
They claiming to have more than an 80% win rate. This is a very high success rate in the long run. In this review, we will verify their every claim and promise, let see if they back up their claims.
Ultimately we will help to decide either you should buy this Robot or not.
Elite Forex Trader Reviews : Auto Trading Review
First of all, in real trading, there is no such robot in the world which can guarantee you profit. But it possible if you have years of experience and your strategy can make you a consistent profit then auto trading robots can be beneficial for you. But most of the robot out there which just created for business intention.
Fake Claims: Elite Forex Trader claiming that they have more than 80% win rate, that is a fake claim. because you can see from their statement they have a 68% success rate. But but but… the statements they are providing those also have vast secrecy.
Statements: Elite forex provide their trading account statements if you look at their closely you will see that they have too many losses. and using the martingale method makes it much risker. They making big losses and small profits like a newbie trader. They fool people by showing a 68% profit rate but you will see they have negative pips end of the months?
Now you might be thinking of how someone with a 68% success rate has negative results? the answer is, trading lots are not fixed. in this case, by their martingale strategy they taking small profits and bigger losses, that is why the end of the months they have more % of profitability but has negative results you can say loss.
They just making people fool!! This is completely scam service.
High-Risk Involve: Martingale
In general, trading forex involves high risk but using the martingale method will increase risk multiple times, which can cause you huge losses. This option can be turned on and off but the statements they are showing those include with the martingale method.
let me give you an example: suppose, you are trading with 0.05 lots and this trade goes the opposite direction, so as a result, you will be in loss. Using the martingale method this robot will open another trade with multiplying the previous lot, let say, it open this time with 0.15 lots in current direction if anytime this market return to the previous position then your loss will be 2 times more. If you want to know more about the martingale method, you can read this article.
“We highly recommend you not to use this method until you are enough confident“
Elite Forex Trader: Auto Trader Pricing
Elite Forex Trader willing to give it for free, but it comes with some condition.
In order to get this robot and vps for free traders need to deposit at least $3000 to their recommended broker using their IB link. if someone has less then $3000 then customer has to buy vps service separately.
If anyone has already mt4 account. They have to buy this service for $500. But they always advertising with a 50% discount which is $250.
Trading results: Elite Forex Trader
Yes they provide verified results but there also a lot of confusion. As I said in the statement paragraph. They provide screenshot and videos on the Telegram channel showing only profitable trades.
We never believe in robot trading or Auto-trading, we believe in manual trading, because there are no robot can make you guarantee a profit.
Instead of using this kind of auto robot or Autotrader we recommend you to use a copy trading service that just copies the MT4 master account. A robot that places all the trades from expert account to user mt4 account without users any interaction. Just have to set-up once and earn passive income forever.
To get Elite Forex Trader free robot you will need to deposit $3000.
So recommended you to use this coping service which is not a auto trader, this copy robot just copy expert mt4 master account. so you can make consistent profit every month. you just have to deposit $300.
we reviewed their service earlier, you can take a look at this amazing service. Click here
Thanks for reading Elite Forex Trader review.
👉 Note: Those of you who want to start trading professionally can take advantage of these trading tools.
- 24/5 Support
- No info about Corporation
- No info about the team
- No proven strategy.
- High Risk (Martingale)
- Small profit Big loss
- They have Verified results but if you look closely you will find al the licks
- Statements (full of lackes. bigger losses then profit)