Developed by Mark Larsen and his team, the GPS Forex Robot 3 is a new financial trading software. This software was intended for a private group of traders and it is alleged that it is currently capable of generating over 30% in returns for its users.
In the huge world of financial trading where many activities still remain unregulated, there are countless scams which exist. Knowledge is power and if you want to prevent yourself from falling victim to such scams, it is crucial that you learn how to avoid them in the first place.
GPS Forex Robot 3 is a potential scam but it has been on the market for quite some time now. So while reviewing, I focused not only on the software but also on the results it produces, the person who created it and what the trading community has to say about it in general. Read on to learn what I found about this online financial trading tool.
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GPS Forex Robot at a Glance
It may seem tempting to get your hands on a trading robot that can assist you with every aspect of the investment process, but what happens when the system you have chosen isn’t capable of producing the desired results?
The price of GPS Forex Robot 3 is $149. It is being sold through ClickBank which means that it must be marketed and promoted by many affiliates. The software was developed a couple of years ago when Mark and two other traders named Ronald and Antony came up with the idea of creating something unique and different for the market. According to them, they wanted a solution that would be sustainable and at the same time work like a GPS to predict short-term as well as long-term movements in the online financial markets.
Review Verdict: GPS Forex Robot Is Scam
Although GPS Forex Robot has been around for a long time, it hasn’t achieved anything spectacular for its users. Basically, it hasn’t worked in a manner that would meet the expectations of modern-day traders.
How Does GPS Forex Robot Work?
The software works on the same principle as the GPS navigation of the car. It detects small and big changes in the movements taking place in the financial markets and makes predictions that can help traders execute profitable trades.
They say that the software is so accurate (98% to be exact) that it even detects minor fluctuations that affect the price of foreign currencies. I find their claims to be hard to digest because it is not possible to develop software that navigates itself in both stable and unstable market conditions. The accuracy rates they have mentioned are also ridiculous because having that kind of accuracy in trading would mean winning almost all of the trades.
So far, I haven’t come across any system that can guarantee success to such an extent. Not losing any trade at all is simply not feasible when you are trading in the highly volatile online financial markets. Well, if it was possible, the fee wouldn’t be just $149 paid once off.
The developers of this app are genuinely interested in filling their own pockets. They know that selling the software through ClickBank will attract many affiliates who will do all the marketing and selling for a small commission. The fee they are charging is ridiculous considering the fact that the trading robot doesn’t work as described. You will simply be wasting your time and funds if you opt for this trading tool.
GPS Forex Robot: Scam Investigation
When analyzing the software, I tried to look for information on its algorithms and the results it has produced so far. Shockingly, most of the trades GPS Forex Robot executed was between 2012 and 2013. During the last couple of years, there have not been many trades performed by the software. In fact, it executes no more than 20 trades in a period of 5-6 months.
The performance of the software has deteriorated over the years. From the results, it is quite apparent that it is not capable of generating a positive outcome at all. Traders have to wait for one or two weeks before any trading action is performed and according to many of the complaints I have come across, the trade results are extremely poor.
Withdrawals is another issue that you will have to face when dealing with this trading system. Chances are, you may never be able to withdraw your earnings or get your funds back.
GPS Forex Robot 3 is a scam that failed to emerge as a reliable trading option. It is definitely not a suitable option for beginners or advanced traders.
After digging deeper, the results I have managed to get are quite alarming. GPS Forex Robot 3 cannot be trusted because it is a scam trading system. After giving you a few trades, the software will stop working altogether. In the event you encounter any issues, you won’t be able to reach out to anyone because they don’t offer professional support service.
My best advice for you is to avoid using this scam software. For a pleasant and more fruitful trading experience, you should check out some of those proven systems which are currently available on the market.
Review Verdict: GPS Forex Robot Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.