Forex MegaDroid Review: Scam, Find Out
In this Forex MegaDroid review, I will be discussing some critical matters related to the Forex MegaDroid robot. The developer makes very wild statements and declarations which they cannot defend with evidence, I am sure.
For example, they claim that Forex MegaDroid was launched in 2009 and that it’s on ‘record’ for yielding a 15,000% ROI since January 1, 2009.
According to the developer, Forex MegaDroid relies on some unique trading technology known as RCTPA, which explains why it trades with such extreme precision as the win rate is 95.82%.
Forex MegaDroid is also said to be an artificial intelligent robot that can see into the future. How true are these statements? Can this developer back their claims with pure facts?
Well, it’s the reason why I published this review in the first place.
So, does Forex MegaDroid work?
Note: If you are here because you are looking for a Forex trading product that will help you make money, check out this page. Then give me your feedback please.
Forex MegaDroid Review: The truth that no one wants you to know
The developer does not say who they are, so the alleged 38 years of experience in this industry cannot be verified either.
I believe that if they wanted us to verify this information, they would have made our job easier by first having an ”about us” page on this website detailing who they are and what they have been doing since they launched this website.
Now, this information is actually not there on the sales page. The developer of Forex MegaDroid expert advisor is an anonymous person, yet they want us to put our trust in them.
The sales page is quite gimmicky. Using hype to promote trading robots is now a popular thing. I have reviews quite a few robots where a lot of hype was used to mislead traders. These include Frareline Forex robot, FX Charger Robot, Extra Edge FX Robot, MT4 FX robot and many more.
I have actually warned my readers not to trust anonymous developers who push their software out there while making outrageous claims of how their products can can give users financial freedom.
Therefore, on that account alone, I am knocking out two stars.
Secondly, they claim that the win rate of this software has always been indisputable. I do not know why the emphasis is on win rate as opposed to return on investment. This is Forex and not binary options where the money you make is dependent on how many times the software gets it right.
Anyway, even with the so-called indisputable win rate of 95.82%, there is no evidence to prove these claims. That means this developer is only blubbering.
They also claim in big black bold letters that Forex MegaDroid will quadruple every dollar that you deposit and trade with this software.
I am just wondering how far they can take this joke. It’s one thing to play around with statistics and it’s quite another to produce proof showing how this software was able to make each and every single coin that it is being praised for.
First of all, there is a strong emphasis (something that they have highlighted in yellow color) that this software has traded for 3,190 days and that during this time, it has managed to make a profit of $15,408.37.
The sales page actually gives us a few stats on the years that this robot has remained active. According to the developer, Forex Megadroid Expert Advisor started trading in 2004 up to 2009. Then after this, there seems to exist a huge jump that has not been accounted for. The developer does not talk about their trading results in 2010, 2011 and so on.
Instead, they jump to 2017 and say that well, this software has now been updated and that since 2009, it has made a profit of $15,408.37. How come that this developer is not accounting for the number of gap which exists between 2009 and 2017? This certainly does not make sense. It only raises questions as to whether Forex Megadroid is a genuine trading system.
For this reason, I am going to knock out another star. The developer is obligated to explain what they have been doing all this time. Otherwise, I cannot advice anyone to pay for this robot because it is not worth subscribing to in the first place.
MyFXBook MegaDroid Trading results
I have just touched on this topic in the subsequent paragraphs. What I did not elaborate on is whether or not these results have been verified by a credible third party like myfxbook.
Look, this is not stone age. If a robot developer claims that they have a trading system that has consistently extracted dollars from the Forex market, let them produce evidence that shows whether this is true.
There are a few established third party verification platforms to use. One of them is myfxbook account. It does not cost this developer to track results of their so-called revolutionary trading system using myfxbook. So why didn’t they do so? Why do they insist on making claims while ignoring the most important things here?
The answer should be obvious to you. These guys are simply targeting the naive and the desperate who think that making money in Forex trading is as simple as using automated trading systems.
As far as this review is concerned, I can assure you that all the alleged results of the so-called Forex Megadroid Expert Advisor have not been verified. The developer is simply hoping that you and me will trust them for saying that this software has been developed for 21 years and that now every trader can use it to make money in the Forex market. Things don’t work like that.
Therefore, without proof of performance, I can assure you that this software will definitely fail you. The developer isn’t confident. They know very well that if this system is put to test, it will burn the account involved. This is the last thing they would want to show you. So their safest bet would be to make numerous claims, hoping that you will believe their highly suspicious trading results.
Rest assured that Forex Megadroid is not something that a user would want to talk nice about. I actually scouted many user reviews on the internet before coming to the conclusion that this developer was defrauding unsuspecting users by selling them a flawed trading product.
The developer claims that people who are not satisfied will be refunded after 60 days of testing their robot. No questions should be asked. In other words, as long as you send them an email asking your money back, the developer should just hit the send money button without any further conversation with the customer in question.
Now, previous users have reported something very weird. This developer does not refund any money. Secondly, the promises made on this website are just dramatic and ridiculous. However, the actual performance is contrary.
In a normal scenario, this would result in customers asking for a refund and developer honoring those requests. But as you might have suspected, nothing of this sort is happening. You basically pay the price and forget that you were ever conned in the name of buying a robot called Forex Megadroid.
What of the pitch video on this Forex Megadroid website?
The developer claims that this video is a story of who they are and what they have been doing. In truth, this video is just bullshit.
Instead of telling us what we need to hear, they talk of hundreds of reviews which they claim are praising their work. We did not find value in this video either.
Wrapping it up
It can be confidently assumed that this developer is a money sucker because evidence is all over the homepage. Proceed with caution