I've logged in quite a few hours compiling the following information. I've asked questions in forums, polled people that I knew that had Forex Robots and have scoured the internet for honest reviews from people who actually trade using them.
Here are the results from my research:
PRO
Except for ONE review, rated 9 out of 10, Fap Turbo Robot is the #1 Choice among the Forex Robots! I was shocked! It's rare to see one product head and shoulders above the others.
Fap Turbo recently won the World Automated Trading Competition, with a 62% increase in its account balance, making Fap Turbo the largest equity growth Forex robot in the competitions 3 year history!
Jim Phillips from FoxexCritics.com says that Fap Turbo is "the best long term trader and overall profit Forex robot."
Fap Turbo can be set up in 10 minutes, can profit in Day 1, and the documentation and training materials are much more detailed than the ones you receive with other Forex robots.
CON
I don't like pressure tactics when you are looking to buy anything and at the bottom of the Fap Turbo sales page they have it written that the "pricing model is changing to $399 after 27 (started at 100, crossed out, then 46, crossed out, then 27) copies are sold". Now, I realize this is probably a marketing tactic that is taught to put pressure on the buyer not to wait, to BUY NOW, but I still don't like it. Thought I'd let you know that! :)
The Forex Robot that came in second place with a rating of 8 out of 10 was Mega Droid Robot.
PRO
It's made to be set up in 5 minutes and is "common sense" simple to use. It was created by TWO Forex Pros (combined 38 years experience!), has GREAT customer support, and has a proven track record going back to 2004. It's been around for a while and that definitely counts for something. And they back up their performance with PROOF - yes, proof that this system works as they show
CON
One drawback that I can see is that it only trades the EUR/USD. For those who want the flexibility of trading any pair, you won't find that with the Mega Droid. Another drawback that is mentioned is that the customer service at Mega Droid is not as fast as that of Fap Turbo.
Click here to read more about Mega Droid!
The Forex Robot that came in THIRD PLACE with a rating of 7 out of 10 was IvyBot.
PRO
IvyBot, which got its name because the creators were graduates of Ivy League Universities, is another "easy to set up" system that is simple to use. All you have to do is download a file, and the rest is done for you. It is a great short-medium term trading robot, with minimal risk and great returns. It is purported to have a 95% success rate and the site shows proof of its statistics on the sales page. IvyBot also has FOUR different robots that work FOUR different currency pairs, providing you with an even shorter learning curve.
One very large PRO to the IvyBot is that you can start with as little as $50! Which is outstanding for those who need to start with a small account and work their way up.
CON
Like Fap Turbo, the IvyBot site is also pretty pushy about "buy now, the prices are going up", and I just don't like that. Just a quirk of mine, I guess, but I don't like being pushed into something I don't feel that I'm ready for. And while there is a robot for FOUR different currency pairs, four currency pairs are all that can be utilized with this program.
Click here to learn more about IvyBot.
All combined, these three robots offer a consistent and profitable, automated trading solution which is highly desirable in today’s market.
