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Forexgump Review 2024: Is This a Profitable Forex Expert Advisor?

Forexgump Review

Are you hopelessly searching for a tool that can aid you in your trading endeavors but can’t seem to find one? If so, welcome to our Forexgump review where we will talk about this EA robot and how it works. Learn all about the firm to be able to make more informed decisions. 

Forex Gump has been with us since 2018 but isn’t as popular as we expected for that age. By searching the name online, you won’t find much favorable feedback and it seems like the company doesn’t have much to offer. To find out more, keep reading! 

About Forexgump

Let’s see what we know about this robot. Forex Gump doesn’t mention where it’s based but we know for a fact that the majority of their users come from Italy. The data is hidden on WHOIS, so there is no way of checking their true location. 

The lack of transparency is already obvious, without even going deeper into the profile. There is nothing about where they come from or who established the company and considering how old the domain is, we expected at least a couple of hundred reviews, however, there are less than 10 altogether. 

According to ScamAdviser the website seems safe but doesn’t have many visitors, which isn’t surprising. Additionally, even scammers like Bitech Max offer at least an email for contact, while Forexgump provides a web form. 

So far the lack of transparency is concerning but keep reading our Forex Gump review for more information. 

Company Type AI Trading Tool
Legal name Forex Gump
Regulation Not expected
Registered in N/A
Established 2018
Website forexgump.eu
Financial Authorities Warnings
  • No official warnings
Contacts
  • Web Form
If a withdrawal is possible 30-day money-back guarantee
Fees
  • No additional fees
If Active on Social Media:
  • No
Investor Protection: None
Activity areas Italy, United States, Colombia, India;
Main threats Lack of reviews; 
Main perks 30-day money-back guarantee;

Legal Information

Tools like Forexgump are not required to be regulated by law. Unlike brokers, they do not provide a platform to trade on nor do they handle traders’ funds. In this instance, choosing a regulated broker and not someone like MarketsBank is crucial. 

Protecting your personal information and not sharing it with third-party services are security measures Forexgump needs to implement to protect traders from fraud or identity theft. Additionally, providing a secure payment gateway is another level of security. 

However, despite not being required to have a license, it’s still important to choose companies that are regulated. So if you had to choose between a regulated prop firm or an unregulated one, despite not being required, we would always recommend choosing the firm with a license. 

Forexgump Features

There are four options available to the robot: High, Middle, Low, and Conservative. In the event that the system breaks, this technology shields traders from losing more money than they had indicated in the EA’s settings. A special multi-currency strategy using 9/25 currency pairs from the M1 to D1 time frame is supported by the instrument.

Forexgump AI is not impacted by feelings, unfavorable situations, or even the need to fulfill everyday physical obligations. It operates without interruption, having been designed with complete market analysis and integration.

It operates around the clock in search of lucrative trade chances. You therefore won’t lose out on a single profitable trade opportunity unless you disable it. A $4000 account is required to trade, or a micro(cent) account must have at least $40 in it. Leverage of at least 1:100 is advised.

Forexgump Price

There are two packages to choose from; the most basic one which costs €199 and the advanced that costs €399. The difference is in features, as with the basic package you receive one live and demo account, and with the advanced, there are unlimited demos available and 3 live accounts. 

Both packages have 24/7 customer support, constant free updates, and a 30-day money-back guarantee policy. The payment is a one-time fee and with it, traders are purchasing lifetime access to the Forexgump bot. 

Forexgump Reviews

There aren’t many reviews for this tool. For example, there is only one comment on Trustpilot and two on Forex Peace Army. There aren’t even any helpful discussions on Reddit or Quora, it’s like the tool doesn’t exist. Out of those three, only one is unfavorable and it talks about losing money.

According to the trader, he started with $8,000 and finished with $5,000 in three months. The bot isn’t as profitable as presented, which isn’t surprising considering profits can never be guaranteed. Forex Peace Army even rated the Forexgump EA, so make sure to check the statistics here.  

Payment Options and Process

Before receiving the product, traders need to register and subscribe by paying the fee. The payment is processed over PayPal using credit/debit cards. The only cards accepted are Visa and Mastercard. Also, besides PayPal, there are no other methods available to traders. 

The good thing is that you don’t have to create an account on PayPal, it just serves as a gateway. In case you dislike the product after purchase, you are eligible for a refund. However, the refund is time-limited and traders must cancel the subscription within 30 days of purchase. 

Weighing the Pros and Cons

Pros Cons
  1. Offers settings catering to different risk levels
  2. Utilizes a multi-currency strategy
  3. 30-day money-back guarantee
  1. Lack of transparency
  2. Limited reviews and feedback, with some negative comments
  3. Limited payment options
  4. Only web form for contact, no email or phone
  5. Discretely claims that the tool is guaranteed profitable

Can I Make Money While Trading Online?

In conclusion, traders can benefit from Forexgump, however, the reliability of this company is under question. We suggest exploring other alternatives before committing, however, if you don’t know where and how to start, we’re here for you. 

To elevate your trading skills and boost your profit chances, we recommend trying AI.F, a potent analysis bot established by professionals. This program can analyze data points quickly and efficiently to provide you with insightful recommendations. And that is just the beginning. 

Many features will benefit you and to learn them all we suggest giving us a call. We won’t make you commit before making sure the bot will suit all of your preferences. Instead, we offer a 14-day trial so you can experience the bot yourself. Call us now and begin trading! 

FAQ Section

What is Forexgump?

Forexgump is an AI trading tool that operates as an Expert Advisor for MT4 and MT5, offering different trading options and strategies.

Is Forexgump a Legit Expert Advisor for MT4 and MT5?

The legitimacy of Forexgump is questionable due to a lack of transparency and limited positive reviews, urging caution in its use.

How to Choose a Good Broker?

Choosing a regulated broker is essential to improve security and guard against fraud. Reading reviews, doing research, looking at trading conditions, and checking regulatory requirements are just a couple of many other factors to consider when choosing a good broker.

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