Scion Forex Auto Trader is an expert advisor/signal service owned by Scion Forex Trading Group. This team believes in a slow but steady approach to building a Forex account, although their exact trading approach was not disclosed.
This is usually the way to go as my Forex and Cryptocurrency trading masterclass encourages slow, calculated but sure execution of trading signals once the student is fully trained.
I also don’t encourage over-trading as it can destroy your account quickly. Scion Forex auto trader, on the other hand, appears to be doing the opposite, and that’s to execute 3 signals per day.
The Scion Forex autotrader puts emphasis on full account management, meaning that instead of having control over what the robot does, ScionForex traders who control the MT4 master account will place the trades and have them copied directly into your MT4 account.
The Scion Forex Auto Trader can be accessed under 3 different plans. These plans cost $67 per month, $49 per week and $9 per day respectively.
Each of the plans will guarantee 100% automated trades, full account management, ”guaranteed profits”, ”ultra secure executions”, ‘cutting-edge technology”’, ”bank-grade security”, and A-class customer support.
So today, I want to talk about the specifics of this trade copier in this Scion Forex review. However, if you’d like to get started right away with a reliable trade copier, you should consider Dupli Trade as they have some of the best traders around and their service is generally top-notch.
Having said that, I will move on and talk about what I like and what I do not like about Scion Forex AutoTrader.
Scion Forex Auto Trader Review
I must admit that they have a very professional website to start with. However, there is an element of ”excessive promotion” using too good to be true phrases such as ”Load our robots on your MT4 chart and let the profits rise”.
I have been trading for the last 7 years now, and I can assure you that anything that usually sounds too simple in trading is definitely a scam.
Scion Forex Autotrader is owned by an entity known as Court Frank. Court says that he has 15 years of experience as a Forex trader and has been working with some other 10 ”certified traders” alongside him.
I can’t establish who these faceless traders are. I can’t equally verify their experience with regards to trading.
Their job is to pick signals and execute them on the master MT4 account so they can be copied into your account as well.
I cannot confirm the alleged 15 years of Court’s professional trading experience.
I have checked their myfxbook account for hints and nothing seems to suggest that these guys have traded even for a couple of years.
The one Myfxbook account maintained by Scion Forex Robot team was started in May 26th 2017 and neither its track record nor trading privileges have been verified.
To me, that is a red flag and a good sign that Court and his alleged team cannot walk the talk.
They also claim that Scion Forex account management service, which is delivered in form of a trade copier service delivers the most accurate signals that ”guarantees profits” that will grow your account.
My understanding is that this is not the very best Forex robot in the industry. If you are looking for the best Forex robots in the world, those have to be found here because at least I do have some experience with each one of them.
I have actually seen dozens of trade copiers before, and very few services actually deliver. I am yet to find a legitimate trade copier service than can beat Dupli Trade.
Why I don’t recommend Scion Forex Auto Trader
Their myfxbook account is not verified yet, and I do not know why.
This developer seems to have set up shop back in 2014. To me, their sales pitch does not suggest that they have a solid reputation in the Forex EA business.
The last time their myfxbook account was updated was on May 09th 2018. The overall gains were 24%. Being that this is an unverified account in all aspects, I do not feel very comfortable recommending this service to my students.
Thank you for taking time to read this Scion Forex auto trader review. If you want to get into trading, you have to decide whether Forex EAs or getting training is the way to go.
If you choose my trading masterclass, I will walk you step by step until you have learned how to trade for consistent profits. If that won’t be appropriate for you, then pick these Forex robots for your trading.