Is Forex Astrobot Legit?
Forex Astrobot has been described as “the most anticipated product for Forex traders!” The first thing they promise is gains of up to $16000 a month effortlessly. Now that is quite the sum of money and an oddly specific amount to throw around. Is Forex Astrobot legit? We find out. We review the robot’s website, trading techniques, statistics and user reactions to determine whether they’re running a scam or not.
What is Forex Astrobot?
Forex Astrobot is a 100% automated robot that claims to be the best at adjusting to ever-changing market conditions. This robot is compatible with MT4 and uses cutting-edge technologies to ensure customers get great value for their investments. The robot’s creator goes by the name Rita Lasker, a well-known Forex trader creator. She works with a bot creation team known as the Green Forex Group.
What are Forex Astrobot’s Features?
- Free updates and upgrades
- Steadfast increase in profit without loss
- A fully automated system that analyzes the market conditions.
- This unique trading algorithm offers profitable trades.
- Works on M15, M30 and H1 currency pairs.
This robot is broker-dependent, and you will need to find a broker that uses MT4 compatible platforms. Astrobot has been made for amateur traders, swing traders, and experienced traders. The robot costs $328, and you can get it at a discounted price depending on the day you purchase it. The Forex Astrobot (ultimate version) costs $757. You will need a $200 deposit to start.
Purchasing this robot gives you access to:
- A fully automated system
- Buy/sell trades
- Money management mode
- Step-by-step user guide
- User-friendly interface
- Get assisted by professional customer support 24/7.
- 30-days money-back guarantee
- The trailing stop feature maximizes profit by minimizing risk.
EA Review: Forex Astrobot
The Forex Astrobot is a market analyzer with an in-built algorithm that finds more profitable trades and places them when the time is right. The robot uses technical indicators to analyze these markets.
The EA implements money management, the trailing stop function and maximum slippage to reach its mandate. Firstly, the money management feature adjusts the lot sizes depending on the market conditions. Trailing stop assists when there is a trade by detecting a wrong market direction and cutting the trade before the trader loses too much. Lastly, slippage ensures that you can check whether the robot entered a trade on the wrong parameters.
Stats and Community Trust
The trading robot’s website is professionally done, providing comprehensive information while still managing to look uncluttered. The robot has a long trading result example that covered a trade that eventually made $16124.90. This is available on Forex Astrobot’s statement.
We couldn’t find any verifiable trades on any third-party sites. We also couldn’t find any backtests of the trader. There are no user reviews on independent user review sites, but their site has reviews. We wonder where those ones came from.
The trader meets all the checkboxes required for a trader, except that it doesn’t have any verifiable stats, and the robot can’t be found on any independent user review sites. The robot is also quite expensive and even though the creator claims it’s suitable for newbies, no amateur wants to begin by buying such an expensive trader.