Name: MT5 Forex Expert
Owner: Unknown
Type of Business: Forex Trading
Price: $2000
Overall Rating: SCAM!
So I finally got fed up with one of my FB “friends” trying to get me to join MT5 Forex Expert, so I’m finally doing a review so that all of you looking to get rich quick can really understand everything about this scam.
Have I done any trading online? Absolutely. Did I get rich like most of these robots, programs, and groups claim that they’ll do? Absolutely not!
I have thrown away so much money in a year’s time, looking for a legit program that can make me win my trades. Whether it be binary options or forex trading, I thought there was a way.
What it is
A robot. At least that’s what they claim to be. There are literally dozens of these robots that are all ran the same way and I can promise you that you will not make the money that they claim you’ll make.
This review will give you a better understanding of what the MT5 Forex Expert robot is about and how everything is done, so that you don’t waste your hard earned money on the next best scam.
Can You Make Money?
For some of you, all you want to know is if this thing can make you money, so I thought I’d get this out of the way, right off the bat.
Of course this can make you money. I take that back. You can make money with forex trading, but not with this robot. Yes you can make money, because when you trade, it is literally the flip of a coin.
If you think this robot is the one making you money, you might want to rethink your money making strategies, because this is nothing but hype.
Why Would Anyone Promote a Scam?
Because they make money, of course. You’ll be amazed at what people will do to make money online and this is just one of the ways they are doing it.
Every, and I mean every single one of these robot scams are done the same way. The only thing different is the name of the product and the owners.
Other than that, they are all ran by scammers, who offer affiliates money for promoting this scam. Rather than telling you that this thing is legit and taking your money like other fake reviews along with my so called Facebook friend, I want to save you the trouble and show you what this is really about.
Here is what their little affiliate program would look like so you know how these scammer’s followers are making money in the process.
How it All Works (the scam)
It is really a simple process and the way these scammers do it is actually legit and not illegal. But, they don’t care if you make money or not, but they made sure to cover their behinds with a nice little income disclaimer along with other mandatory stuff on the site.
The scam doesn’t work within their program, if that’s what you’re thinking. Everything is done outside of their little robot, so that leaves them with almost no responsibility with what happens after you signup with their scam.
The price
This is a great marketing tactic and it is definitely going to work on a lot of you. With the price being so high to pay for this robot, it makes you think that “hey, these guys are serious”.
For most of us (myself included), once we see something that costs that much, we just want in because you think you’re getting something valuable.
If you see their pricing below, you will see that this nonsense is way overpriced and something not affordable to most.
Give them your number and you can expect cunning salesmen trying to get you to buy this scam. Please don’t let them pressure you into buying stuff because of their marketing baloney.
High Risk Warning
I really don’t get why this should even be on the site if you claim to make your customers win on their trades, using this robot.
Wait I forgot, it’s to cover their behinds so when you make your complaints, all they have to do is refer you to this nice little warning.
For someone so confident in their product, how can you put something like this? What are you really telling the customers? Good luck? You’re on your own? I can’t stand these schemes!
MT5 Forex at a Glance
Name: MT5 Forex Robot
Owner: Unknown
Website: www.mt5fxrobot.com
Price: $2000
Overall Rating: SCAM!
Just by this person running away from my comment about this being a scam was enough for me to know what she was up to.
Conclusion
Quit looking for a way to get rich quick because it is not going to happen. I didn’t get rich from scams like this and I know you won’t either.
I put in the work and determination to run a legitimate online business and that has made all the difference. I do work for myself and I set my own hours now, but it took me some time to get there.
If you still believe that this is the solution to all your financial struggles, then you might want to signup for the MTX Robot.
Other than that, thanks for reading my “review” of this program and hopefully I have helped you dodge another bullet here. If you have tried this scam before, please do share your experience. Cheers!
– John
Jannie
No forex robot works. Market conditions constantly changes and no strategy will produce consistent results during different market conditions. It’s a shame that there’s no regulatory body making sure these scam artists don’t get away with these scams..
John
Totally agree Jannie and this is why I will never promote any type of trading robots. They are all designed to make the owners and its affiliates money, but that results in thousands of people losing millions of dollars falling for these schemes. Thanks for your thoughts Jannie and I hope you are doing just fine with whatever you are doing these days.
suganthan
Hi, would you please send me this Ea? My gmail is: sugan76519@gmail.com
Thank you.
-Suganthan
Ernest
We have bought this robot and after a long struggle got it to trade on a demo account. It delivered only 40% wining trades (they advertise up to 95% winning trades) of very small profit but the overall result is just one line going downwards and the robot has now lost $6000+ in just over two weeks. We cannot get support. All they do is wanting more money, e.g $500 for a new installation and another $250 for a new encoding. I have asked some questions five times and get no response. They just ignore all my requests and keep on asking for more money. We asked for our money back three times already and just get no response. They just ignore those requests. This is a SCAM!
John
Thanks for sharing that Ernest. Most (if not all) these robots are nothing but a scam. The sad part is that they will never stop coming up with new ones!
Stephen
Hi, MT5 is a big scam, they made me deposit $5000 for them to manage it, i lost everything, PLEASE DON’T TRY TO DO ANY FORM OF BUSINESS WITH THEM!! I have emails with them to back me up!
John
Thanks for that Stephen. There are just too many people that try to argue that these programs are legit, but of course they are the ones trying to cash in on the commissions. I don’t see how people can’t just promote legitimate programs, that also offer commissions for your work. There aren’t many programs that work, but they do exist. I have one program that will make you money, but it requires work and time. Doesn’t give me a lot in commissions, but I wouldn’t sacrifice my reputation for a measly $5. Checkout my #1 recommendation here!
Paul
i don’t see how this review is relevant…unless you’ve actually bought and used it, you are literally screaming “this is a scam because they have a disclaimer”
granted, the purchase price seems crazy…but some of these must work – https://championship.mql5.com/
i’m not affiliated in any way with the company, just trying to do some due dilligence…but this review is flaky at best and blasphemous at worst…you didn’t even try it or use it (again, prohibitive costs i understand, but just say that…)
John
Have you not read what others have to say about this? For $2,000 there has to be a way that you don’t lose anymore money. For people to say that they’re not even winning says more than enough about a product, especially with the price. This is not the first of thousands of software like this. It’s all done the same way and there is no robot that will make you win like they claim. I have thrown too much money away trying to believe that these bots can actually work, but of course I ended up losing. For $2,000 there has to be a better win rate man. Just saying.
sun
Can i get the refund? they said that we will move you to payment dept. After 2 months, I can not get it.
Now it is under investigation by Skrill
sun
Hi John, Mt5FXrobot have a refund policy for 60 days money back guarantee satisfaction, do you get your refund of USD2000 for purchase?
I am also a buyer, now I request refund for the bad perfomance and result. all broker get lost result, only their IB can win, then I open an real account for test. I found their IB uder quote 10-20 pips for trading forex pairs. Then mt5fx robot used one week to encode my trading account. but gave me an old version to me. the maxlotsize in default is 1000 lots. It is so dangerious. I never use it to trade, only one transaction, Your account will blow out at once. now i am waiting their refund. but I can get it.
thabiso
Hi. I would like to know if the company is genuine though?