Details
Currency Pairs: EURUSD ,
Timeframe: M1 ,
Price: $179 ,
License: 1 live account,
NFA compliance: Unknown,
Refund policy: 60 days,
Forex Steroid Website
Timeframe: M1 ,
Price: $179 ,
License: 1 live account,
NFA compliance: Unknown,
Refund policy: 60 days,
Forex Steroid Website
Strategy: The strategy of Forex Steroid is unknown at this time, when we learn what it is this will be updated.
Performance
Not an official vendor account of Forex Steroid, it’s a start. Don’t forget this is not Myfxbook verified, so there is no guarantee the results are valid.
Demo broker: Tickmill
Start date: December 9, 2015
No customer accounts of Forex Steroid could be found.
Pros & Cons
Pros
- It has a 60 day money back guarantee refund policy.
Cons
- No official vendor account on Myfxbook
- $179 price tag is quite high!
Forex Steroid Review
Forex Steroid is an over priced Expert Advisor, that doesn’t have a lot of performance proof to condone gambling the money to try it, but more importantly the money to risk it on. I can’t recommend this robot.
Is it a scam or not?. If you have experience with Forex Steroid then please leave a score and post a comment with your experience.
Hi, I’ve tested in a demo account – it works fine. Afterwards I went to go live and it fails.
Seems to me like GoldBull Pro.
Conculsion: Scam
I bought this EA on 11 January 2015, and let it run 24/5 all day long using all the recommended requirements mentioned in the user guide.
Look how it works: http://www.myfxbook.com/members/jamshidz/fx-steroid-test/1496228/2B8RXDHV6BKqXpth93ki
IT SUCKS! yea!! Even with DEMO account with almost 0 slippage and fast execution.
PLEASE don’t get into their trap and waste USD179…. it is absolutely SCAM!
The only reason I am sharing this is, because I was cheated by them and I thought if I can share this, it may help some people save $179 in their pocket.
To those who claim this EA works, please provide verified myfxbook account.
I can say this EA algorithm is purely base on Support/Resistance level and it is impossible to work out.
I was interested in looking more at this EA so I contacted the support folks. When asked about a refund policy if you were not satisfied, they replied: “Unfortunately we do not provide money back guarantee, because the performance of our product also depends on third party companies such as brokerages, VPS providers, Internet speed etc. Due to these facts we do not accept any refund request after the purchase.”
They do have some real account history which may be available if you contact them directly but the lack of myfxbook real account transparency, lack of refund policy and high price have persuaded me to pass for now.