Forex Steam EA 2020 Review Is Forex Steam Scam or Legit Forex Robot

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Forex Steam Review 2020 – Is It Legit Or A Scam?

Here is my honest review of Forex Steam in 2020. I have owned this EA for for over 2 years but wanted to put out this review so you can learn whether it is worth buying or not.

I hope you enjoy watching my review. If you have any comments or questions please post them at the bottom of the page.

Here is the transcript from this video review of https://forexsteam.com/

Introduction

Hello, It’s Jonathan here, back with another episode of Trade Wise. And in this video, i’m going to be talking about Forex Steam, which is an EA for MT4. So if you’ve heard about it, maybe you’re thinking of buying it, I’m going to be talking about it in some detail in this video. I do want to just start with a little bit of a warning, there is a lot of misinformation out there about this product. So please make sure you watch this video right to the very end, just so you get as much of a balanced review from me as possible. Whether or not you choose to buy after that is entirely up to you, but I’m just going to give you the information and leave it with you to make your own mind up about Forex Steam.

As always if you find any of this helpful, please give me a thumbs up, I always really appreciate that. And subscribe to my channel, because I’m always putting out review content such as this. Some products that I review are good, some of them bad, but i always just give a 100% honest feedback and information. And also, don’t forget on my website you can actually claim, for free, the products and services that i’m using myself right now, The ones that are consistently making money. A lot of them just run totally on autopilot. And once you set them up, you can pretty much just let them bring you in 10% to 20% per month recurring, without any real input. So some really great products that I’m using right now, you can get them on the website.

But anyway, without further ado. Let’s talk about Forex Steam.

What is Forex Steam?

All right, so let’s get into this Forex Steam review. So here i am, i’m at forexsteam.com. And now for those of you who aren’t familiar, This is an EA. Which basically means it’s a piece of software that will run on your MT4 platform.

How Does Forex Steam Work?

And once you set it up, the idea of an EA is that it will auto trade your account. And there’s a lot of these available on the market place, there’s hundreds or probably even thousands that you can buy, i feel like i’ve bought most of them. A lot of them don’t make money. And the reason that a lot of them fail is because it’s a notoriously difficult thing to do, obviously. Making money on the Forex markets at the best of times, even for professional traders with decades of experience. And so to say that a relatively small and simple piece of software can out think some of the most experienced minds out there is a little bit far-fetched.

Is Forex Steam a Scam?

With that being said, there are one or two products that have a proven track record, so i’m not trying to say that the whole industry is a scam or should be avoided. But you should always be a little bit cautious, if you’re going to let a piece of software to try and make money for you, that’s very rarely that’s straightforward. Now they’re saying that they’ve been around for 10 years now, it says here on the top corner, 10 year winning EA. And they’ve got this back history on the percentage returns each year. And I’ve noticed that there’s a lack of a Myfxbook results in all of these, which I do find a little bit of a concern. They’re saying that This is summary here, they’re saying Verified Results, but there’s nothing here that makes me see that or think that, in any way, verified. It’s on their website, it looks like a statement that could easily be falsified. I don’t see how this is particularly verified results. I would really like to see something from a third party, like Myfxbook, that’s a verified account.

Forex Steam on Myfxbook

I’ve had a quick look on Myfxbook, and there are some Forex Steam named accounts. Whether or not this is the same bot, i don’t know. It’s very difficult to tell. They’re mostly losing. This one, Forex Steam A, has made 150% since 2020, but that’s very different than what’s claimed on the website. So i’m not saying any of those on myfxbook are genuinely legitimate profiles, I suspect these people have bought them and set up Myfxbook to showcase the results and stopped it when they’ve started losing money on it. But at the very least, I would’ve expected Forex Steam, something with a 10 year trading history, to have some verified results from a third party.

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Forex Robot Nation

What really concerns me most about Forex Steam, just to cut to the chase really, is that i bought similar products to Forex Steam before. Because I’ve been looking into the Forex market for quite some time, I’ve bought a number of products and services, most of which have turned out to be fairly useless. But one website that kept popping up, time and time again with reviews, is Forex Robot Nation. And basically what Forex Robot Nation are doing is writing reviews of products, without buying them. They’re giving them a poor review and they’re then getting you to buy these products on the right, of which Forex Steam is one here. And these are the top rated products on the right hand side. All these three products are owned by the same person, and the person also owns Forex Robot Nation. So basically, if you are coming off the back of reading reviews on Forex Robot nation, and you’re thinking “Oh, this would be a great product to buy”, just take it with a huge pinch of salt. Because this website is bound to tell you Forex Steam, Forex Fury, and Binary Strategy are all good products that are making huge profits, because they own it.

Are Forex Steam Reviews Genuine?

So they’re going to tell you that. That doesn’t mean, straight away, all of these products are going to be scams or anything. I’m not trying to take them down in any way, but I do feel as though it’s a dishonest way of promoting their products and services. And really, I would like them to be more transparent about the fact that they’re all connected and that they’re all owned. And also just to advise people, really. I just want to make many people aware as I can, that you shouldn’t go buy products just off the strength of the back of Forex Robot Nation or anything similar from them, their Youtube channel or whatever. Because I just don’t feel as though you’re going to get genuine, honest, impartial advice on that. And as for other reviews as well, I also see a lot of what I believe to be fake reviews about these products, anyway.

The ones I have are more extensively accurate than Forex Steam are Forex Fury and Binary Strategy. You’ll see review videos for those on my youtube channel, feel free to watch those. And for me, I haven’t been profitable with these products and services. That’s not to say that you won’t, there might be ways that you can be profitable. I mean, even Forex Robot Nation themselves are rating Forex Steam a lower overall score than Forex Fury. But on their website, they’re saying that they’ve got a 10-year history on the account that was made, let’s see how much this is made. Supposedly made $8.3 Million on return, in one trading account. As i say, totally unverified. And i will be highly skeptical of that.

Evidence

Now if you do not believe me, if you think I’m talking nonsense, that’s absolutely fair enough. There is evidence there that these are all connected. I mean, if I’m just on the website now, in the footer here, you can see on their recent posts, they’ve talked about why Forex Robot Nation is the ultimate resource. They’ve talked about Forex Fury, which is the other recommended product on the website. And they’ve probably talked about the Binary Strategy one, as well. I don’t know why on their websites… if this is an independent EA, I don’t know why they would be promoting these other websites, and particularly, another EA. Number 1 downloaded EA is Forex Fury. So you can see the signs there that these are all connected and linked together. And if you watch my other videos on these products, you will definitely see that it hasn’t been profitable for me, anyway.

Leave a Comment

If you still think that you want to give them a try, then by all means, go ahead and do so.And I would love to find out what your results were. Please add them in the comments below. Join the conversation and let me know how you get on.

Is Forex Steam Profitable?

As i said, they weren’t profitable for me, but that doesn’t mean it’s not for you. The way I set it up may have been wrong or there may have been updates since then, But i just feel like I have fallen into the trap of buying products after products, based on this Forex Robot Nation, before really understood the truth of what was going on behind the scenes.

Forex Steam Overall

And so that was pretty much it, really. Make your own mind up armed with that information. Hopefully, I have helped some people to avoid falling into the same kind of trap i did. But as I say, If you go ahead and buy it, and particularly be successful, let me know. And let’s see how many people can come forward and say that they’ve had a positive experience with these products.

Closing Remarks

That’s it, I think, for this video. Now if you find this helpful, please give me a thumbs up and subscribe. And don’t forget, that on my website, you can get the products and services that I am using right now myself. A lot of them run on autopilot, a bit like these EAs do. There not all EAs. One of them, in fact, has professional traders behind it, that is currently yielding about 15% to 30% return per month, completely on autopilot. I just set it up and they trade my account for me. So, some really fantastic products right now, which you can get. Just jump over to the website, and on the right hand side of the screen, you will be able to get the subscription link for that.

Thank you so much for watching this video, and I will see you on the next one. Bye for now.

Forex-EA-Trader Review

The Forex -EA-Trader software is a total joke. You can take this to the bank. The aim is to rip you off. This website Forex-EA-Trader.com is full of lies, plus they don’t bother to back their claims with proof. This is the least of their considerations by the way. Yet they are expecting traders to believe that Forex-EA-Trader software is the real deal. Please avoid this Forex-EA-Trader scam at all cost. If you haven’t sign up to a legitimate trading system, do so here.

Forex EA Trader is a classic Forex trading scam. This trading robot is potentially a big time money sucker. It promises 10607% net profit, which is considered high and quick profits. Honestly, we do not know how to rate this software because the scamming characteristics are so obvious. Once you visit the landing page, you won’t have any doubt that Forex EA Trader system is meant to rip you off.

In short, we want to make you clear that Forex-EA-Trader is not a good company. Actually, Forex-EA-Trader is a scam site. So, if this short information on Forex-EA-Trader is enough for you and now instead of finding out more details on Forex-EA-Trader through our Forex-EA-Trader review as below, if you want to find out the real opportunities to make money from trading, then you can click this link- https://scamea.com/auto-trading

Although we have listed several kinds of legit automated trading software to make money from forex, but our number No1 auto trading solution now is DaxRobot. If you want to know more about DaxRobot, then you can click this link:- https://scamea.com/go/daxrobot

OK, now let’s begin with our Forex-EA-Trader review as below to find out why is Forex-EA-Trader a scam.

The one reason why this program is a potential scam is the fact that they are promising users over 10607%. Honestly, we have never come across any evidence of traders making this much with any software. It is hard to believe these claims especially if you consider the fact that Forex-EA-Trader robot does not present their sales pitch with facts.

Therefore, for the sake of our readers, we have crafted a truthful review of what we have discovered about Forex-EA-Trader so far. If you were thinking of joining, you better hold your plans until a later date. Or you could just sign up for these trading programs instead. Those apps have been cherry-picked by us, and are not scam in any way. That being said, let’s review the culprit software.

Forex-EA-Trader Review

When we look at this site, the first impression that comes into our minds is that this is a scam. The video of the supposed trading tool that will make you rich was animated. The presenter is only concerned with talking about the flashy lifestyle instead of telling his audience what the Forex-EA-Trader does and whether or not it is capable of reaching an extremely high strike rate.

When we observe the Forex-EA-Trader cartoon presentation, we see that it is a total waste of time because it lacks substance. It only makes promises that are impossible to achieve. In fact, the kind of promises that the Forex-EA-Trader website make are rather ridiculous– only possible to achieve in your dreams.

According to these scammers, the Forex-EA-Trader is fully automated. It was designed like a “Broker Spy Module” that will protect your capital and you from unethical brokers.

And the ”best” thing that ever happened is that it doesn’t require you to know how to spell ”Forex trading”. The system works round the clock to conceal your stop levels from unfair brokers who trade against their clients.

The Forex-EA-Trader trading system is the biggest lie and manipulation on the internet. Initially, we thought that this scam was so blatant that no one would fall for it. Then it somehow occurred to us that despite the signs getting clearer, some people were still getting convinced and losing money thereafter.

Fake Reviews

Scammers know that unsophisticated investors will always ask for some kind of proof that a trading system works. But these investors will never do their own due diligence to validate the kind of proof that they are being presented with.

Once they are presented with scripted reviews and screenshots of members that made supposed profits, the investor will go ahead and give it a try with real money. In some instances, the broker will ask a bigger deposit, promising huge profits in return. But as you know, this may never be the case because no one has ever gained a dime from these scams.

In the case of Forex-EA-Trader system, the red flags are so obvious. You cannot miss them.

We wouldn’t want to believe that people are falling for this scam. You see, this is the dumbest project that criminals ever launched on the web. We searched for these reviews and testimonials to confirm what we had seen on the video. This video features some people who claim that they traded with this software and made lots of money in a short period of time.

We wanted to confirm these things. But now it turns out that these video testimonials are fake. The Forex-EA-Trader trading system has never been used by anyone, thanks to the numerous red flags which serve as a warning not to proceed. As a matter of fact, this EA has awful customer reviews at major trading site. see below

Review Verdict : Forex-EA-Trader is a scam – Avoid

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Forex Steam Review | ForexSteam EA Results

This entry is reserved for our official review of the Forex Steam 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 Forex Steam 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 Forex Steam 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.

I have been running forex steam on my account for about 4mths i had 1 bad month so far here is a link to myfx book https://www.myfxbook.com/members/14037334/forex-steam-light-version-v/2224446 i will be running this ea until my account wipes out or i see it heading south.

I am using a vps and deafult settings out of box nothing changed.

my opinion it has huge potential but it can loose the great profits if it hits the max stop loss that’s the robots down down fall.

Also i am running on different brokers i notice some brokers the trades open and some don’t sometimes i get all brokers opening trades at the same time not sure why.

I have set this bot up and hooked it up to myfxbook (http://www.myfxbook.com/members/PaulDV/forexsteam-ea/2108546) to monitor it’s results.

From observing its behaviour it would appear that the results posted by forexrobotnation and forexsteam themselves are bogus, and have been manually amended to exclude the full stops that this bot can encounter, so hopefully the above link will help any potential purchasers in their decision.

On the plus side, the bot does seem to follow trends quite exhaustively, and in my first week of running it, it managed to rack up 11 straight wins. It also has a ‘pip retrace’ feature, whereby it attempts to limit a loss due to a change in trend directions to just 20 pips (2%).

On the down side, a full stop out incurrs a hefty 10% loss, and the bot doesn’t seem to detect changes in trend early enough and frequently gets caught out for a full loss, wiping out a good 10 or 11 winning trades.

This is a bogus review.

Steam is an excellent system and it has been for over 6 months. Maybe because this review is old and there are past experiences but I have had nothing but success in my time with Steam.

The time you take to write your honest experiences is really helpful. Thank you

I have Forex Sream. How is the live trading going for you ?

Has anyone have Forex steam results?

I just got forex steam last week, trying to find a mature trader who also has it so we can email results back and forth and see if it actually works or not. if your interested message me back on this forum.

Lads does any one how the last three months for has gone?

have they been winning months or avergae months?

has ay one got a good blog site for it?

Is anyone using this live? i cant find any decent reviews.

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