FX Pro Island Review: Forexproisland.com Forex Robot to Avoid
FX Pro Island (Forexproisland.com) is another robot that is discouraging consumers from their 9 to 5 race. They claim to have come up with a solution that is bound to make investors rake in a considerable profit margin. How they do so is by creating the MT4 robot that they claim is a miracle program. One of their biggest selling points is to help investors to unchain themselves from their employees. Even if this is the case, there is still doubt over their proof of concept.
About FX Pro Island
This is an FX Robot vendor who sounds like a salesperson as opposed to a developer. And this is one of the first flaws we spotted with the robot. Instead of giving information on how the robot works, they try to sell the dream story. The dream story is what every investor wants to achieve huge trading success. This vendor has come out shots firing with the claim of helping investors achieve their dreams. These could all be better if they provided proof of the concept of the robot’s capabilities.
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FX Pro Island is a program that has no credible performance. With several complaints lodged against the vendor, they leave a lot to be desired. The review is meant to inform and warn investors about the dangers of using such an EA. They are a scam outfit that targets naïve investors. The only way to stop the developer is by exposing the dirty tricks used. One of their biggest selling points is fast profit-making. In the forex trading world, the best way to earn profits is steady. Get rich quick robots are a scam that targets newbie investors.
Assets traded on the robot
It seems that the robot is only dealing with one currency pair, which is a bit odd. The currency pair on the platform is EUR/USD. One would have hoped that such a big talking robot offered more than one currency pair. It seems they are only dealing with major currencies and no exotic pairs. With the digital currency market steadily growing, the platform is ideally limiting users. And this is another flaw we noticed with the platform. They are only in the market with one currency pair.
Business owner
The disclaimer at the footer of their homepage would suggest that Andrews Trading Channel owns the robot. Search using web engines shows that Andrew’s channels are filled with scam EAs. And this is another pointer that we are dealing with a lousy trading platform. Such trading practices must be exposed for all to see. Some of their scams include Income Mentor Box, which is another well-known scam. It seems that the same Andrew is behind this robot scam.
Comments from clients
There have been scathing comments from investors who chose this platform. These comments can be found in trading forums. To counter negative comments, the robot has hired freelancers to post positive posts. These posts are to put doubt into the negative comments. The posts come with made-up testimonials of people who claim to profit from using the robot. Andrew is also using his YouTube channel to sell the platform as a legit robot. Investors should realize that the channel has no face to it. These are the pointers that Andrew is also a fictitious scam character.
Domain details
A look at the domain register whois.net reveals that the website is barely a year old. Records show that the site went live on 25th February 2020. It means that the robot doesn’t have the strong reputation they try to sell. Thanks to domain tools, we can know exactly where the traffic comes from. Texas is where their servers are located, which does not prove their location. The robot also fails to give users their headquarters and location. It is proof we are dealing with developers who want to remain off the grid.
Features of FX Pro Island
They fail to give users their trading strategy, which is a huge problem. Without explaining the trading strategy, they want us to believe their program. An ideal EA provider will come up with a plan and explain it to users. What is happening is that users are signing up for an unknown strategy. They also fail to disclose their timeframe, which is a disadvantage to some investors. It could mean they provide signals when their markets are closed. It is why no one should sign up with this anonymous robot.
Is FX Pro Island Licensed or Registered?
Since we don’t know where they are located, finding their license details was challenging. First, we had to check with the regulatory bodies in the United States. The CFTC does not have any robot licensed under this name. Another regulator NFA is on the verge of issuing a press statement on the robot. And this is proof that the platform is not regulated in the States. To confirm their regulation in other jurisdictions, we turned to Europe for information. The regulators in Europe plan to ban this robot.
A legit robot will provide their license details for all to see. Most of them come with an ISP number or ISO certified product number. It means that the product is legit and can be used by traders. They fail to show any copies of their compliance, which is a huge problem. FXProIsland may not be able to insure deposits made. The Money-back guarantee is off the table with a robot that is not compliant. And this is why there are complaints from new members who bought the robot.
Restrictions of FX Pro Island
Account plan
FX Pro Island is going for $279, which is considered a high amount since the robot is not proven. Another problem with the price is the failure to let investors know whether the price is monthly or annually. Will members be subscribing to a robot and be charged updates? These are some of the vital information missing from the robot. It is why we must stay away from the robot or else risk losing everything. With a platform that has no valid license details, there is a high chance the robot won’t deliver.
Contact and support
They also fail to give users a reliable communication channel. All they do is offer a message board where users can send their messages. They fail to provide a corresponding email and phone number. A phone number would have made it easier for one on one call to support staff. Failure to provide ample communication process is proof of the robot’s failure. A legit robot will go as far as offering live chat support to clients. On their part, it seems that they want to control the communication process.
Results and trading strategy
They have scattered their trading results throughout their website. What they do is offer screenshots of these results, which is not valid. The screenshots could be from a legit robot since their name is not on the screenshot. They have sent a screenshot to myfxbook, but the account is missing. It is proof that these scam developers want to fix their trading results. Such tactics are only seen with scam artists who have nothing else to do than steal from users. It is why we must expose the platform.
Security of funds with FX Pro Island
The safety of funds is not possible with a robot that is not compliant with the industry’s regulation. These robots can cause immense damage to a client’s banking information. For all we know, they could be selling credit card information to third parties. The site is also a risk to investors since they don’t have security software. Lack of DDoS protection and SSL Encryption is proof of their inefficiency. Hackers can hijack the purchase process and steal credit card information.
Swindle or Legit FX Pro Island
FX Pro Island is a scam that is waiting to pounce on naïve investors. It is best to stay away from the platform or else risk losing your entire funds. Ensure you warn your loved ones on the risks involved with purchasing the robot.
Closing remarks
To protect our readers and keep the trading world safe, we must blacklist this robot.
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