Forex Robot Reviews

Pips Cloner Review – Pipscloner Scam?

This entry is reserved for our official review of the Pips Cloner. This is a forex product being sold on most likely Clickbank or Plimus for a TBA price. They will most likely offer a refund policy of 60 days no questions asked money back guarantee.

Remember if you are going to try any forex robot and forex system that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of Pipscloner are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with Pips Cloner or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

If you want to submit a forex product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.

19 Comments
  • Tim - Posts:
    April 14, 2011
    Reply #1

    I bought it and got a refund a month later. They trade like kids. Either they are thieves or they have no real experience trading fx.

  • Paul K.. - Posts:
    April 11, 2011
    Reply #2

    I wish I had Carl’s problem of no singnal. The signals I got stink. As of a few minutes ago, 11 open positions. the best one is only $0.44 – Can’t even buy a can of soda. The other 10 positions are going to put me around $220 negative. One of the things I hate most is there are no stops or indications of where he would like to take profit. If I didn’t have a trade of my own that was doing well, My broker would probably close all his positions due top stopout. It;s happened with his trades before. I am losing too much money from this. I do not recommend it to anyone. Another annoyance is the e0mails trying to dell me other peoples products.

  • LIONEL - Posts:
    March 30, 2011
    Reply #3

    I ORDER ALREARD CANCELLED ALL THEY DO IS THROW A HOLE LOT OF ORDES IN AND HOPE THEY GET LUCK

  • Carl - Posts:
    March 30, 2011
    Reply #4

    Hmm….have not received any signals for the last 2 weeks. I have been following some of the previous trades on my account and I am very disappointed to see a total lack of money management. No stop losses (or TP’s) are ever put it and if the trade goes the wrong way, then you can be hundreds of pips negative in floating. I noticed that almost all trades are done on orders. I must say that I am wondering if “live” trades are actually taking place. Maybe these guys have a robot running instead, or just place orders without proper analysis. Either way, very disappointing to see how they trade. I have started to enter my own TP’s and SL’s and had better success then, but I still don’t like this.

  • Glenn - Posts:
    March 23, 2011
    Reply #5

    Yes, there has been a spate of similarly marketed unreliable systems in recent months. Whilst the purchase cost of these systems might be refundable, the cost of testing them on a VPS is not.

  • Olga - Posts:
    March 22, 2011
    Reply #6

    There is definitely “something rotten in England.” They have the art of scamming down absolutely pat and it gets me every time. Fortunately I always get my money back from Clickbank but even so, I am becoming very gun shy of anything emanating out of the “merry old motherland.” Now my results with PC’s “Live traders,” (if there really are any): Week one Profit/Loss History: Down 98.99 (75.89 plus; 165.35 minus) Floating.P/L: Presently Down over $1,000 (At last count Consistent losses almost exactly two to one against the winners.) Most of the trades don’t make any sense at all if there are live traders doing the trading and monitoring their trades.
    So here’s what I think…This is another artfully presented scam by the same authors as Push Button Pips, Copy Paste Pips, Forex Cash Bot, etc. (they are being churned out weekly!) except this time with supposedly live traders since that’s the latest marketing gimmick. I don’t know how it’s done but I’m sure they enjoy the use of our money while they have it. I am absolutely astonished that Clickbank continues to sell these forex programs without some sort of insurance that they are dealing with honest providers. It must cost a fortune to operate their refund dept. I will not be purchasing another miracle program out of England again. What they sell sounds great but is EXTREMELY expensive in the long (and even the short) run.

  • RE - Posts:
    March 22, 2011
    Reply #7

    2ND WEEK — VERY BIG DRAWDOWN — TO MUCH — REFUND TIME

  • Arthur - Posts:
    March 17, 2011
    Reply #8

    Well,15 trades so far this week with 3 traders;currently about $375 floating loss.Hope things will improve.Currently 5 trades with small gains,3 with substantial losses & 1 with a small loss. Closed trades:3 with small profits,2 with small losses.

    Excellent support though.

  • Wilber Wilhelm - Posts:
    March 17, 2011
    Reply #9

    Why do I not receive the trade alerts. I got them one day and since then, NOTHING

  • David - Posts:
    March 17, 2011
    Reply #10

    Started off great in first week. Increased the demo account by 50%. Last night, however, it overtraded in the wrong direction on two very spikey pairs – USDJPY and USDCHF. Result = huge losses on these pairs which almost emptied demo trading account. Admittedly it has been a very difficult trading week, but this scale of loss shouldn’t happen even in the worst trading situation.

  • RE - Posts:
    March 13, 2011
    Reply #11

    VERY GOOD 1ST WEEK — UP OVER 300 PIPS — I AM USING JUST I TRADER – Tim , intraday trades most of the trades closed within 24 hours. No problems to report. You can follow all trades live on mt4 live.

  • joey - Posts:
    March 11, 2011
    Reply #12

    I have been using this for a week so far I am up about 100 on a very small account. I have 200 in floating profit as well. too early to tell if its a good buy or not but so far very impressed out of any robot i have tried

  • Karen - Posts:
    March 10, 2011
    Reply #13

    While it worked, I had a few excellent trades on my very small account, however Pipscloner crashed my MT4 platform and the longer it stayed on the more often it crashed. They’ve told me many times already that it works on the build I have but it definitely doesn’t and now that it’s off, all is working well. I even upgraded my memory on my VPS to make suret that was the problem but it didn’t make any difference. A new platform and re downloading all of my EA’s still didn’t help. It was definitely Pipscloner.

  • Thom - Posts:
    March 7, 2011
    Reply #14

    Once again…
    GBPUSD short with 0,71 Lot (!!) @ 1,6240…1 Hour later the next Trade GBPUSD short with 0,01 Lot (!!!) @ 1,6255.

    Hey Guys, what´s a Moneymanagement?????
    The first Trade 71 times higher than the 2. Trade!

    Pips Cloner is soooooooo bad
    And once again…2 BIG LOSSES!!
    Now 8 Trades in the last 3 Days – all 8 Trades are BIG LOSER!
    Pips Cloner – only made to destroy Accounts!!

  • bob - Posts:
    March 7, 2011
    Reply #15

    Never seen support like this…amazing! Havent seen results yet but based on members area and support, I can tell this one will be one I’ll actually NOT refund for a change..

  • RE - Posts:
    March 5, 2011
    Reply #16

    EXCELLENT SUPPORT – LIVE SCREEN SHOTS MT 4 — AISO EMAIL TRADES TO YOU IF YOU WISH – YOU CAN MAKE A CHOICE OF PERSON MAKING YOUR TRADES. GOOD IDEA TO DEMO TEST WITH DIFFERENT BROKERS IF YOUR RESULTS ARE DIFFERENT FROM THE MT4 LIVE ACCOUNT, SO FAR EVERYTHING UP FRONT — WILL SEE HOW IT GOES DURING DEMO PERIOD.

    • Thom - Posts:
      March 7, 2011
      Reply #17

      Oohh – an excellent Support…but only Losers in the Account!

  • Thom - Posts:
    March 4, 2011
    Reply #18

    Sorry – the Trade GBPUSD was LONG!!!

  • Thom - Posts:
    March 4, 2011
    Reply #19

    Only 4 Trades in 2 days…all 4 Trade are Loser…The last Trade GBPUSD short @ 1,6245 closed @ 1,6242 with a lost. Only 25 Minutes later, these Trade was @ 1,6260…and can make a good win.

    Is PipsCloner made for destroying the Accounts of the User?

Leave a Reply:





Disclaimer: This website is independent of Forex Brokers and Forex Software showed/reviewed/talked about on here. Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide investment services or personal recommendations to clients to trade forex. Information on ForexFBI.com should not be seen as a recommendation to trade forex or a be considered as investment advice. ForexFBI.com is not licensed nor authorized to provide advice on investing and related matters. All information displayed on this website is for educational purposes only. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, ForexFBI.com has financial relationships with some of the products and services mention on this website, and ForexFBI.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. Forex trading entails significant risks and there is a chance that potential clients lose all of their invested money