DRASTIC SCAM: Forex Express Robot review

In this review we warn against the Forex Express trading robot that is supposed to earn you money on autopilot thanks to trading with currencies.

What Is Forex Express

Forex Express is a trading robot that trades national currencies pairs on the foreign exchange, for example EUR/USD or GBP/USD.

The robot supposedly won numerous awards because it is very effective and can earn you 20 to 40% monthly returns on your investment.

Forex Express says that it is based in England. But is it a legit company that you can trust with your money?

Forex Express Robot scam

The truth is that Forex Express Robot is a scam that is not going to make you any money. The robot has not been trading financial markets in a profitable way. In reality there is an illegal financial scheme going on behind the scenes.

Blacklisted

Forex Express is a robot that is supposed to trade financial markets on your behalf. This means that it is an investment service since the robot will be making trading decisions for you.

And this type of investment services is subject to regulation in most countries. So, is Forex Express Robot authorized? No, it is not, it has no license whatsoever.

In fact, the Financial Conduct Authority from the United Kingdom has already warned investors against it.

Which is a huge red flag, because Forex Express is based in the UK and UK’s financial regulator is warning the public against it.

We have found no country where this forex robot would be authorized. So we can conclude that it is an illegal investment service.

Fake awards

On its official website, Forex Express claims that it has won 34+ awards for its trading robot. But it fails to mention a single one.

Our research showed that the robot has not won any award. So these stats about fake awards are another proof that it is a scam.

Fake partners

Forex Express Robot says on its website that it has several reputable partners, like FXTM, HotForex or OctaFX. But it is not true.

None of the companies mentioned in the “Our Trading Partners” section is a partner of Forex Express. You can contact those companies and see for yourself.

A company lying about its partners is a scam. So this is another proof.

The clue is in the returns

Most of the time the fastest way to identify an investment scam is to look at the investment plans. This approach is valid with Forex Express Robot too.

Because it offers 20 – 40% monthly, which is a numbers you can see with scams only. No legitimate trading/investment company can generate such high ROI for its investors on a monthly basis. That is a fact that you have to accept. It will help you stay away from scams.

Multi-billion dollars companies like Celsius were not able to sustain 20% yearly returns, so don’t think that blacklisted scam like Forex Express will be able to do 12 times better without failing.

How Forex Express works

Forex Express Robot is a scam, we have proved that in this review. However, it might be paying its users, which might be confusing for some.

If it is still paying its users, it only means that it is a Ponzi scam. Such a scheme just transfers money from new members to older members, that is all it does. Which always works only for a limited period of time and then the scheme collapses.

So it does not really matter if Forex Express Robot is paying now or not, because it is a fraudulent platform that just has to crash, it is encoded in its design.

So you have to stay away from it. Any potential profit would be immoral to say the least, because it would be based on somebody else getting scammed.

But with such scams you never know when they are going down, that is why you will always be better staying away.

Forex Express review – Conclusion

Forex Express Robot is a scam of the Ponzi type, it is not a real Forex trading robot. Plus, it has already been blacklisted by at least one financial regulator. That is why you have to stay away from it.

If you want to try legit financial trading, do it on a free demo with a regulated broker. You will get virtual money for that purpose.

Before investing real money you have to make sure that you understand the risks and that you have a proper strategy.