Is Falcor Forex robot reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Falcor Forex Robot
Falcor Forex robot is a forex robot available on vendor’s website. The system is developed by the company called Forex Robot Trader. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $79 with a 60% discount on the system.
Falcor Forex robot claims to give advantage in the financial market with its expert strategy. Here, the system uses proper SL and TP levels.
Falcor Forex robot : Reasons to Avoid this Expert Advisor
Firstly, Falcor Forex robot is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are many customer reviews on Forex Peace Army of which they are all negative. Thus, the Forex robot is not trustworthy nor reliable.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Falcor Forex robot Trading Strategy
Falcor Forex robot mentions price action as its strategy.
The system operates on all currency pairs with any timeframe.
Falcor Forex robot Trading Results
There are different screenshots provided by the vendor on the website to prove trusted. However, there is some fishy about the system on Myfxbook. According to the stat, the system had 765 trades with 83-84% of the win rate. Also, we discover a high max drawdown from the system which was about $455.20. This shows the system uses a high risk approach on trade which is pretty dangerous.
Conclusion: Is Falcor Forex robot a Reliable Forex Robot?
Falcor Forex robot does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
