Another developer with an insane claim and empty profit is Hedge Forex Robot. The developer is selling the robot under the Forex Robot Trader website. It has been a common occurrence for developers to use these stores to sell their false products. We don’t get why a vendor should allow such products into the market. After all, these robots are offering insane and unfounded profit margins. Hedge Forex Robot review is all about exposing what the vendor tries to hide.
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About Hedge Forex Robot
There is no way of telling who is behind the robot, which is a huge letdown. All we know is that the store was once a darling to Don Steinitz, the previous owner. After he passed on, we don’t know who took on the mantle. We know that the current owner is allowing scam robots to get sold on their platform. The store was once a revered platform and a darling for most traders, today it’s filled with scam products. And this should be blamed on the current staff members who want to remain anonymous.
It seems that the company has hired staff members with no Forex trading experience. Could this be the reason for their downfall? We believe it so as we have found more scam products under their wing. The group is also behind other scam products such as the Ganon Forex robot and Odin Forex robot. Since we won’t dwell on rumors, we will stick to the facts. The fact of the matter is Hedge Forex Robot is a cam and must be exposed. Make sure to warn your investor friends and partners regarding HFR.
Assets and trading instruments covered by HFR
From their trading statement, we can see that the platform trades on all currency pairs. It means that the vendor uses major, minor, and exotic pairs. There is an advantage when it comes to such robots; users can spread their risks. The reward is also higher with a robot that offers all currency pairs. Users can trade on a majority of currency pairs at once, increasing their chances of winning. When it comes to the available trading instruments, the vendor has outdone themselves.
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The developer claims that the robot is easy to use and utilize trading products. They urge users to load the robot with any currency pair and see it do magic. It all sounds too good to be true, which, sadly, is the case. Once you sign up and start using the robot, the app makes nothing but losses. And this is the biggest disadvantage of using this unproven trading robot. The risks involved outweigh the profit this robot claims to make.
What is weird with the robot is that there are no comments in regards to the platform. One would expect a robot making such bold statements could have some chatter. We checked with most online trading forums, and no one is interested in the robot. It turns out that most traders are aware of the risks involved. None of them wants to buy any robot from the Forex robot trader store. It seems that word has already gone round about their falling online reputation.
False profit claims
On their page, the robot has listed its profit numbers for the last 30 days. It seems that the robot made $52,811 according to the numbers. The vendor also shows their profit numbers for the previous month, which is $45 328. So far this year, the vendor claims to have made a profit of around $425 116. There is no third party that has been able to verify these results. And this is what makes us stay away from the robot.
Features of Hedge Forex Robot
There is a discount price of $79 down from the original price of $199. It seems the vendor is furnishing users with a 60 percent discount. Before jumping in, investors should note that vendors will do anything to ensure naïve traders sign up. There is not a single proof that the robot works, which is a huge problem. Ensure you stay away from the platform as it will end up draining your account. The robot uses the countertrend strategy and uses the weekly timeframe.
Hedge Forex Robot license and registration
Hedge Forex Robot is not yet a validated product as they fail to have any permit to operate. The same goes for the mother shop under which the robot is selling. A money-back feature is necessary in case you have second thoughts. The vendor will not refund your funds, which is a huge problem. Investors might buy the robot today, and tomorrow the vendor decides to shut it down.
To protect consumers, there are regulatory bodies that help govern the trading world. These bodies include the CFTC, CySEC, FCA, FINMA, and NFA, to mention a few. The vendor is not interested in protecting the consumer. There are no terms and conditions listed, which is a problem. The vendor will use this as a scapegoat once everything turns to crap. It the reason why a smart investor will want to read and understand the terms and conditions first. From our point of view, the best option is to stay away from the robot.
Positives and Negatives of Hedge Forex Robot
Hedge Forex Robot is selling at $79, which is a considerable price. It seems the vendor is trying to convince users that they are on par with the market. The only problem is that their price and reward don’t match what normally happens. With a robot that claims to make thousands of dollars daily, the price should be higher. No one in their right mind would sell a profitable robot at such a price. It beats the logic and goes to show how well the developers plan to scam investors.
Contact and support
When it comes to making contact with the vendor, another serious concern arises. There is no direct communication channel that investors can use to communicate with the vendor. In case of any problems, no one will be readily available to help you. The support page on FRT has a message board where users are to leave their queries. The problem with this is that they will not be able to make any direct contact. A live chat or direct line to the vendor would have sufficed.
Results and trading performance of Hedge Forex Robot
What the vendor has done is post incredible trading results using a trading statement. We can see that the robot makes $25,000 per month, which is outstanding. From what we can gather, the trading statement is not authentic. A real trading robot will share their performance with FX Blue or myfxbook. There is no independent third party that has verified their trading results. And this is the reason why we have to shy away from the platform.
Scam or Legit Hedge Forex Robot
Hedge Forex Robot is a scam, and no one should bother signing up. The vendor is an anonymous fellow who tries to rip off unsuspecting investors. Thanks to our investigation, we have revealed concrete proof of why the robot is as shady as they come.
We won’t be recommending a robot that has no verified results. Please stay away from it and use other proven trading tools.
Go for these proven trading robots that have been tested by experts and the trading community. The robots offer a safe trading experience and ensure users are protected at all times.
Our entire team wishes everyone a safe trading experience.