Okay I’ve been meaning to try eForex for sometime now and finally the thought of automated trading through script (robot) made me sign up with FapTurbo and eToro.
I already made a deposit of $100 when I realized that eToro platform isn’t MT4 so I decided to take the plunge and make manual traes with eToro.
Now it’s been exactly 2 days later and the $100 initial balance is now $207 (including the $25 bonus from eToro)
I basically just trade EUR/USD and EUR is climbing consistently thats why. Today I’ve read some comments on another blog and 90 percent of comments saying eToro aer scam and all sorts of negative comments.
This made me think of withdrawing my $100 and just leave the $107 I’ve earned so I’m not going to lose anyting just in case.
Also I’m signing up with Alpari US because its the best one I’ve found with MT4 platform based on comments.
Now my questions are:
What do you think of eToro? How hard to withdraw money from them? What can you say about FAPturbo? Does it work? How about Alpari US, what can you say about it?
anyone who says etoro is a scam are simply failed traders blaming everyone but themselves however, etoro are a terrible broker, ridiculous spreads, they purposelly freeze platform during news but there customer service is great and you will have no problem withdrawing your money.
as for FAPturbo, its a load of rubbish! if it really worked don’t you think banks would be using them instead of paying millions to their staff?
withdraw all of your money from etoro and find yourself a better broker, LEARN to trade manually and start small, i would recomend going with oanda as you can deposit a couple hundred and trade very small lots which will help ease you into forex without too much risk.
I played around with fapturbo on a demo account, It has really big stop loss compared to it’s take profit. one loss will wipe out tons of wins.
It worked much better in backtesting up through 2007 than it did after 2007 and it’s performance drops way off after that which leads me to believe it was curve fitted up to that point at least the version I have.
Trading with robots has always been a touchy subject. I considered taking the plunge for an EA that I could leave running but in the end, I think it’s more rewarding learning.
As for brokers, I’d recommend taking a look at Alpari or IBFX. Both are MT4 brokers and seem to have good reputations. I can’t comment on eToro because I’ve never used them but if you don’t see the best reviews and you’re in the plus, it might be safer to take that $100 out and learn to grow the rest without fear of actual capital loss.
Fapturbo is got good reviews last year. I also like Alpari’s platform. This is also what my dad used for a year now. I’d say tick to it if you’re using it already.
Sorry flogger: I’m not sure if you’re meaning FAPTurbo or Alpari (and I know you mean well). Alpari??? I’d possibly ‘go with you’ on that. FAPTurbo??? Sorry. There’s a LONG running thread around here somewhere and I didn’t see any profitable traders being ‘spewed out’ at the end of it.
