GPS Forex Robot Review 2024: Poor Client Feedback and No Transparency

GPS Forex Robot Review

Welcome to our GPS Forex Robot review where we talk about a business established in 2010, which is its only benefit. From unfavorable comments to the lack of transparency, this company is uncovered in our head-to-toe evaluation. Read all about them and decide if they’re the right choice. 

For a business established so long ago, we expected at least several favorable comments. Even 1Broker, who was shut down by multiple authorities had impressive reviews, however, that is not the case with this firm. Keep reading to learn more about this tool. 

About GPS Forex Robot

Everything on the firm’s website is pushed onto one page and hard to manage. I guess user-friendly is not one of their strongest suits but lack of transparency definitely is. It took forever to examine the entire website and present you with facts but we did it anyway. 

The first thing we noticed is that there is no address. According to WHOIS, the domain is registered in Kalkofnsvegur 2 Reykjavik, Island, just like many other companies. Even ScamAdviser provided a very low score and while that is difficult to rely on, it’s still something to consider. 

Mark Larsen is the one who established the company, however, it didn’t provide any sense of security and from the moment we visited their website, everything seemed like a scam. But keep reading our GPS Forex Robot review and maybe the firm will surprise us. 

Company Type Trading Tool
Legal name GPS Forex Robot
Regulation Not expected
Registered in N/A
Established 2010
Website gpsforexrobot.com
Financial Authorities Warnings
  • No official warnings
If a withdrawal is possible Depends on the broker;
  • One-time fee $149
If Active on Social Media:
  • On X only
Investor Protection: None
Activity areas United States, South Africa, United Kingdom, Nigeria, India;
Main threats Lack of transparency; Unfavorable review everywhere;
Main perks None;

Legal Information

GPS Forex Robot is not regulated and since they’re considered as a trading tool and not a financial business, they are not required to operate under a license by law. However, they are responsible for providing additional measures of security and protecting your personal information but we doubt that is the case. 

Considering how transparent they are, even ScamAdviser suspects that they offer financial services but without proof, that is difficult to rely on. Either way, traders are warned to proceed with caution and not to trust this company, especially if they reach out to take your deposit. 

GPS Forex Robot Features

Instead of providing a demo account for all traders, they’re offering a promotion where traders can win one license free of charge. The robot is claimed to make up to 30% of profits, which isn’t impossible, however, profits can never be guaranteed and that is exactly what this firm does. 

The entire website talks about how powerful the robot is, without providing any proof. They even dare to claim that in 98% of cases, the robot is always right, and when it’s not, Mark added a reverse strategy inside which instantly opens a trade in the opposite direction and covers the small loss.

If trading was this easy, everyone would begin without the fear of losing money. But that doesn’t stop firms like this from fabricating the truth to lure in traders. Other than the GPS Forex Robot 3, there are no additional features you can expect from this company. 

GPS Forex Robot Price

The GPS Forex Robot minimum deposit seems to be a one-time fee of $149 where once you pay, you secure the GPS Robot 3. There are no plans to choose from or subscriptions, instead, paying a one-time fee is the final deal. 

This firm is focused on selling one product, which is why they’re not offering any type of plan. The price isn’t expensive, however, we strongly advise against this purchase, as GPS Forex Robot isn’t a transparent and reliable business. 

GPS Forex Robot Reviews

Similar to Bitchain.info, GPS Forex’s reviews are not impressive. There are a total of 6 comments on Trustpilot and the company has a low score of 2.5 stars, indicating that the majority of traders are not satisfied with the purchase. 

One trader paid the money and installed the robot with the recommended GPS Forex Robot settings but was never able to come close to the returns that were promised on the website. 1-2% was the average monthly return despite 30% being shown on the web page.

Other unfavorable comments are also focused on how the robot is not worth it. Additionally, the reviews on ScamAdviser are also unfavorable, which should be taken into consideration. 

Payment Options and Process

GPS Forex Robot is partnered with Explodely.com, which is a trusted payment gateway. By using credit cards like Visa, Mastercard, Discover, and American Express, you can purchase the robot. Additionally, the website accepts cryptocurrency as a payment option, which we advise you to avoid.

The deadline for canceling the robot is 60 days from the date on which you received it. The 60-day money-back guarantee is also processed over Explodely.com. You can request a refund via email, phone number, or on their website. 

Weighing the Pros and Cons

Pros Cons
  1. Established Since 2010
  1. Lack of Transparency
  2. Poor Client Feedback
  3. Lack of Proof for Profit Claims
  4. No Additional Features
  5. Limited Information on the Company Website

Can I Make Money While Trading Online?

Even at first glance at the firm’s website, you can see that whatever you read, you are redirected to the GPS Forex Robot download button. This could be good marketing or just a desperate attempt, either way, we advise against using this fake forex robot. 

To start a profitable trading journey, you must understand the risks that come with it. Not everything is as easy as it sounds and trusting fake stories about guaranteed profits and high returns won’t get you anywhere. 

Instead, try your luck with AI.Fundevity. It’s a potent analysis bot established by a group of experienced traders whose only goal was to make a tool that would make profits. While it takes time and dedication and profits are not guaranteed, your chances of getting money will be increased. 

You don’t believe us? Come and try the bot yourself for 14 days and we promise there is no trading without AI.F. And the best part is that there are no commitments until you are certain in your decision. 

FAQ Section

What is GPS Forex Robot?

GPS Forex Robot is a trading tool that claims to assist traders in their daily trading activities. However, concerns about transparency and client feedback raise questions about its reliability.

Is GPS Forex Robot 3 Legit?

There are several unfavorable comments found online about this tool, so its legitimacy is questionable. We strongly advise against purchasing the product.

Do Robots Really Work in Forex?

Yes, robots have the potential to work in Forex, however, it’s important to note that not all robots are reliable. Choosing a reliable business is crucial if you want to succeed, so make sure to always conduct research before committing.

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