Is The GrandMaster Forex Robot a scam?
The GrandMaster Forex Robot’s presentation starts from the video where a boy explains the most common rules of trading. From the video, we’ve got that the robot uses scaling and grid methods of trading.
What do we know about the system?
- The gain varies depending on “how the user decides to trade the system” (?).
- The system is not a fully automated trading solution.
- 1-5% of the monthly gain with low-risk trading.
- 6-10% of the monthly gain with high-risk trading.
- MT4 compatibility.
- The minimum deposit should be about $500.
- “Adequate” (?) trading experience.
We’ve got a $250 offer for the out-of-completion robot with no refunding.
Some other thoughts
There are some comments from no-name people and pictures of the team with any social network link. Who’s Alex? Is he a real person or this photo is from the stock?
- No pros
- The robot isn’t fully automated
- The owner has to get “proper” (?) knowledge
- No backtests
- No demo/real trading results
- No official accounts on myfxbook and/or fxblue sites
- Overwhelmingly high price
- No refund policy
- Comments from no-one persons
- People from the team have got no social media links
The final verdict: avoid it. The dev even didn’t try to get our trust. We’ve got the three pages presentation with anything explained. It was very funny to see the $250 price that has been set over most of the well-know robots. The fun has been doubled by the fact there’s no refund policy. So, what do we have to spend money on? This bag from the cat, really? We’re sure you can find a better way to spend $250 of yours.