The FULL List of “Scam” Forex bots

(work in progress, feel free to add more in the comments)

This list is based on the online reviews for each bot. Any bot with over 10 reviews claiming that’s scam, it will be included in the list.

  • GPS Forex Bot
  • Forex Fury
  • Vader Forex Robot
  • Ainstein Bot
  • Forex Robotron
  • FXCharger
  • SinryAdvice

Do Forex robots really work?

There are Forex algos which have proven profitable over time, but 99% suffer losing streaks. Beware of any Forex robot which claims to “work” all the time.

How do Forex scams work?

Most Forex scams are either based on a trader or algo seeking investment after falsifying historical returns to present a fake track record. There are also some scam Forex brokers which try to get depositors to allow the broker to trade on their behalf, or who make it very difficult or impossible to withdraw funds.

Is Forex a pyramid scheme?

Forex is not a pyramid scheme, but it is possible that a pyramid scheme may exist selling Forex education or Forex robots.

What is the best Forex robot?

The best Forex robot is one which makes profit almost every year, but has losing days, weeks, and months. This is the only realistic long-term way to make profit in the Forex market.

3 thoughts on “The FULL List of “Scam” Forex bots

  1. Mark

    Add Andy Mack virtuo EA to scam list please I’ve also lost $7000 dollars on gob/usd without my permission , was only supposed to be eur/usd .
    When I tried to get in touch he blocked my calls and knocked me off telegram group , I never interfered with any settings .
    I spoke to my manager at paxforex and he couldn’t believe the sabotage and size of trades Andy had placed .
    I’m trying to find his whereabouts
    I have all evidence to prove this

  2. Samuel

    Add Virtuo EA from Andy MAcks to the list of scam Robots. Virtuo EA is a martingale with over 50%DD. The EA trades EURUSD but Andy traded my account with GBPUSD and GOLD cost me 15555 cents loss without my approval. PaxForex tracked the trades to his IP address in UK. I have the documents and emails.
    Samuel

    1. Mark

      Hi samual have you any idea of the whereabouts of Andy

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