Is Reaper 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 Reaper Forex Robot
Reaper Forex Robot is a forex robot available on vendor website. The system is developed by Forex Robot Trader (FTR). 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 rental option not available.
Reaper Forex Robot claims to give advantage in the financial market with its expert strategy. Here, the system works along with any forex robots and does not demand previous forex experience.
Reaper Forex Robot: Reasons to Avoid this Expert Advisor
Firstly, Reaper 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 few customer reviews on the vendor’s website of which they all sound too good to be true.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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
Reaper Forex Robot Trading Strategy
Reaper Forex Robot trades daily price breakouts to find explosive trades. It monitors the hidden areas of support and resistance on Forex charts and initiates trades when the price breaks through these areas.
Reaper Forex Robot Trading Results
The vendor failed to provide backtesting results for us to be able to estimate the system’s potential profits and losses based on past performance data. Another red flag is that there is no stat for Reaper Forex Robot on third party websites such FXStat or Myfxbook.
The only info available to us is a stat board showing some good to be true figures.
Conclusion: Is Reaper Forex Robot a Reliable Forex Robot?
Reaper 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.
