Today’s review will be about Forex Blade company that provides services like education and selling a robot.
The vendor tries to sell another EA that was removed from the site several weeks ago.
No one believes that the EA without any explanations can cost $4999. It can’t even cost $49.99. It’s a total scam. It’s a subscription-based service, so there’ll be no refund.
For buying a digital copy of the robot, we have to share all info about ourselves with the site owner. It’s weird because no developers need to know what apartments you’re living in.
Forex Blade LLC Trading Strategy
- The EA uses the Martingale strategy. The rest we don’t know.
Forex Blade LLC Features
Having clicked on the EA, we’ve found ourselves on a “Courses” page. The developers provided almost no info about their robot:
- It’s a v.3 of the Expert Advisor.
- There’s a martingale strategy.
- It works on demo and live accounts.
- It’s delivered with a 30-day free trial (?).
- The EA’s pack includes these features.
- After registering on the site, we have this Chrome notification.
- The developers suggest we use FXChoice.
- The minimum deposit requirements are 0.01 for $1000. It means the EA likes sitting in drawdown.
- The best pairs to trade are USD/JPY, EUR/USD, USD/CAD, and EUR/JPY.
- We have to run the EA on 3-4 pairs, not more. They said nothing about why 3-4 pairs are enough.
- They suggest using SL at 10 pips and TP at 17 pips. We remember that several weeks ago they suggested trading without SL at all.
- Of course, they explained nothing for people who don’t know that 10 pips are for a 4-digit broker. For 5-digit, it’ll be 100 pips.
- There’s a rewardless affiliate program that sounds like a bad joke.
- When we “completed” all steps, we see this. What’s the achievement? Was it a course?
Forex Blade LLC Backtesting Results
There are no backtest reports at all because this service is a scam. It was clear as soon as we saw EA’s details and settings.
Forex Blade LLC Live Trading Results
The developers didn’t provide trading results. There was no proof of his previous success. In articles, he was introduced as the man who could make big money on Forex. Usually, there should be proof of this. It’s not a big deal at all. It’s a common activity.
Forex Blade LLC Reputation
There’s no reputation in common sense. There are several paid articles on various media where the scam was revealed. Why scam? He avoided explaining what symbols he traded, what charts, what hours, and so on. This is so important for every trader to know before buying something from a vendor or developer.
We don’t know how stupid a person should be to believe in a fairytale like this. There’s no word like “transform” in Forex. You trade and get your profits. “Transform” keeps people away from questions about how exactly he did this.
It’s about his “trading experience” from another media.
The web is full of fake comments. We can see them on the company’s Trustpilot profile.
There are many comments like this written and commented on at the same time.
He has an Instagram profile, but there are only pictures of him and his family. There’s nothing about Forex at all.
As we can see from the Discord dialogue, the vendor doesn’t even know about his own EA’s profitability.
Happy News Review Summary
- Strategy – score (0/10)
- Functionality & Features – score (0/10)
- Trading Results – score (0/10)
- Reliability – score (0/10)
- Pricing – score (1/10)
Conclusion
This service is a scam. We check them from time to time. There’s nothing changed. The developer tells nothing about the main strategy based on which martingale is performed. It provides no backtest reports like many other professional developers. There are no trading results at all as well. Dialogues in Discord showed that he doesn’t even know hypothetical EA’s monthly profitability. We saw many times when people look for a dev to design any EA because it can catch people’s attention to the person, but we still don’t know who would like to buy a cat in the bag with $4949 OFF.
