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ForexFury Review: Is This a Genuine Trading Assistant or a Scam?

ForexFury Review

Speaking of the world of trading bots, ForexFury has managed to stick around since 2014. This AI trading tool claims a user base of around 15,000 globally. But, let’s cut through the fluff and dive into the nitty-gritty. Is this trading tool the real deal or just another overhyped scam? To find out the answer, dig deeper into our ForexFury review!

Company type AI Trading Tool
Legal name ForexFury
Regulation No regulation expected
Registered in Ontario, Canada
Established 2014
Website forexfury.com
Financial Authorities Warnings None found
Contacts Data is hidden
If withdrawal is possible Yes
Fees From $229
If Active on Social Media: Yes, X, Facebook, Linkedin
Investor Protection: No
Activity areas United States, United Kingdom, South Africa, India, Australia
Main threats High winning claim
Main perks Trustpilot reviews

Getting to Know Forex Fury

So, what’s the deal with Forex Fury? This forex robot for MT4 & MT5, allegedly active since 2014, brags about low, medium, and high-risk strategies. The developers swear by trading around 4-5 PM EST. Notably, this is a time they claim lacks market activity, making it perfect for some fancy scalping.

They also say the robot works for just 1-2 hours a day. Supposedly, it aims to suit traders of all levels, offering a safe yet aggressive trading opportunity. They throw around a 93% winning track record and a 15-year backtest result for good measure. And, it’s broker and account-size-friendly. We will elaborate on this later on.

Let’s Get Real

Hold on. Before you get carried away, let’s talk about something serious here. That 93% winning record? Well, digging into the live accounts reveals some serious downsides.

Think drawdowns of -29.57%, -41.90%, and even -43.10%. Suddenly, that 93% doesn’t sound as promising, does it?

Not to mention that no trading bot or tool is able to claim such a high winning rate. Please keep that in mind!

Forex Fury: The Good, The Bad, The Ugly

Now, let’s talk business. Should you throw your hard-earned money at Forex Fury? Despite having Electronic Communication Network support, this AI trading bot has its fair share of downsides. That 93% winning claim? As we said before, it is too good to be true. And here’s something even worse – we found no refund policy. In our opinion, this is a big downside!

The robot’s limited trading hours also raise many questions. Trading for just 1-2 hours daily seems odd for something with such a high winning percentage. We can see that the inconsistency is real here.

Counting the Costs

Are you curious about the damage to your wallet? ForexFury robot offers Gold and Diamond memberships. Gold sets you back $229.99, throwing in one account license. Double the stakes with Diamond at $439.99, giving you two licenses for simultaneous trading.

But keep in mind that there are no free trials. If you wish to participate, you will need to purchase Gold or Diamond. Despite this, the ForexFury price tag sits below the average range for premium trading advisors.

ForexFury Reviews – People’s Opinions

Now, regarding ForexFury reviews, let’s hear it straight from the users on Trustpilot. Surprisingly, this company has earned rather decent reviews. Notably, we can see a respectable 4.4-star rating from 225 users. This is a plus indeed!

All in all, we’d suggest aiming for firms with a 4.5-star rating and above. Safety first, especially when going into the unpredictable FX domain.

Bot Scams: What to Watch Out For

It’s vitally important to watch out for trading bot scams. They have many strategies to try to trick you out of your money. Here’s what to be careful about:

  • Too Good to Be True Returns: If a trading bot promises utopian high returns with little risk, it’s probably not true.
  • Fake Platforms Everywhere: Scammers make websites or apps that look real. Don’t be deceived by their fancy designs.
  • Pyramid Scheme Tactics: Some scams work like pyramid schemes, using new investors’ money to pay off the older ones. It’s like a game waiting to collapse.
  • No Straight Answers: Legit trading bots are open about how they work. Scams keep things secret.
  • Cash Upfront Demands: Real bots don’t ask for money upfront. If they do, be suspicious.
  • Developer Hide-and-Seek: If you can’t contact the bot’s creators easily, it might be a scam.
  • No Track Record: Legit bots have a history of success and happy users. If there’s no proof, it might be a scam.

A Wise Investor’s Guide

Discovering various investment platforms needs a careful approach. Speaking of trading bots and tools, not everything that sparkles is gold. The world is rife with scams, where fake bots and platforms vanish with investors’ money. To avoid these potential pitfalls, here are some practical tips to master the art of safe investments:

  • Stay Alert: Be wary of platforms that promote flashy offers. Many of these are crafted to deceive investors.
  • Knowledge Matters: You need information about common bot scams to be a step ahead.
  • Do Your Own Research: Invest time in scouting for legitimate trading platforms. If an offer seems too good to be true, proceed with caution.
  • Reviews Matter: Go into user reviews to glean insights into a platform’s credibility and performance. It’s non-negotiable!
  • Invest in Safety: Strengthen your defenses against fake firms by investing in robust bot detection software. A proactive stance can be your shield against scams.

By sticking to these steps, you significantly diminish the risk of falling prey to a scam. Always keep these principles in mind!

The Art of Trading and Earning Money

Now, let’s talk about the exciting prospect of making money through online trading. It’s a breeze, and we’re here to help you out. Need advice on the greatest forex and crypto trading platforms? We’ve got your back.

And here’s a little bonus scoop – we’re rolling out our new product, the AI Analysis Tool! This mind-blowing software crunches historical asset prices, the latest news, and other data to forecast how prices might swing.

Final Words

Wrapping things up, let’s be real about the ForexFury EA tool. They’ve laid out their offerings on the table, but there are many choices out there. Our take? Look beyond the surface and weigh your options.

Speaking of options, don’t forget to check out our own game-changer – the AI Analysis Tool. It’s a step beyond, and in the vast sea of choices, finding the best offer is key. Choose wisely! 

FAQ

Is ForexFury a Good Robot?

ForexFury's flashy promises may grab our attention, but we think there are better options out there.

How Much Does ForexFury Cost?

ForexFury offers two membership options – Gold at $229.99 and Diamond at $439.99.

Who is the Owner of Forex Fury?

The owner of this trading bot is Patrick Ryan.

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