Auto Forex Direct Review: Is it a Scam? - Topedgefx.com

Auto Forex Direct Review: Is it a Scam?

Welcome to the Auto Forex Direct review.

Auto Forex Direct is supposedly run by a “real estate millionaire” who quit his “lucrative” business to join the world of Forex trading.

This claim seems plausible. It’s very unlikely that a successful real estate millionaire will quit his job to trade Forex or distribute copies of his magic trading system for a couple of dollars.

AutoForexDirect sales page discloses that a man named Darren Richards owns and runs the trading system.

The owner of AutoForexDirect.com also owns the domain darrenrichards.com and claims that he sold DatingDirect.com for £30 million.

There are pictures of him on the Auto Forex Direct website.

These pictures portray someone who is living a flashy lifestyle and wants to convince the audience to get the magic trading system as soon as possible.

The presentation is typical of an investment snake oil artist rather than a professional trader. In fact, we’re beginning to doubt his story.

Does “Darren” of Auto Forex Direct has solid trading performance to back his claims? Or is he selling Auto Forex Direct system because that’s the only way he can make money?

Auto Forex Direct review

This Auto Forex Direct review will let you know whether the trading system is viable or not. Our analysis of the trading system has already revealed so much.

[alert-success]For our list of realistic Forex trading systems, visit this part of our website.[/alert-success]

Auto Forex Direct review

Promotion materials claim that the physical address of this firm can be found at 27 Old Gloucester Street, London, WC1N 3AX.

The company is owned and operated by a guy who claims that his trading system can generate 7-15% monthly returns.

The sales page is touting 100% automated trading signals that are produced by the “latest and most comprehensive algorithms”.

With this trading system, clients can connect with their own broker account and trade hands-off since no experience is needed.

Furthermore, Auto Forex Direct sales page wants traders to know that the system is compatible with cTrader.

Indeed many trading systems are not compatible with cTrader as most programmers choose the popular MT4 trading software.

However, this seems to be the only advantage of this trading system so far. We’re yet to discover if there’s any other that we’ve left behind.

Features of the Auto Forex Direct trading system include:

  • Ability to switch auto trading on and off
  • User-friendly dashboard with real time account info
  • Detection, selection, managing and closing of trades automatically

A demo account is also accepted for purposes of testing AutoForexDirect.

The signals will be active for 2 months before finally being disconnected from your trading account.

Recommended minimum deposit for proper utilizing of AutoForexDirect signals is £1000 GBP.

Auto Forex Direct costs £49 per month only.

It’s hard to believe that a good trading system that makes people abandon their jobs to pursue Forex trading can cost this little.

The trading strategy of Auto Forex Direct

We’re told that Darren decided to ask his team of software engineers to build a bespoke automated analytics trading program that would bring consistent income.

The vendor claims that this trading system has taken several thousands of man hours to test and tweak.

Here’s the question to ask; can a trading program that was subjected to several thousand man hours in testing be sold for £49 per month?

It would cost an an arm and a leg to offer this to the public.

The author’s story about how he came to sell copies of this trading system does not make sense.

He gives his audience the usual narrative of a man who was once rich and was asked by his friends and business associates to give his secret of generating wealth.

Of course this man would say yes and agree to sell the “secret wealth generating system” for £49 per month.

You know that this is baloney…..

Can the owner produce verified trading results?

Some webmasters have decided to create websites with java script elements or tables containing figures of their supposed earnings.

Auto Forex Direct sales page has published a bar graph showing supposed trading results since April 2018. The results span to January 2020 with only one losing month.

In 2 years, the software has only suffered one losing month. Can you imagine?

This is too good to be true and hard to believe. Furthermore, this kind of result has never been verified by a third party statement sharing platform like myfxbook.com.

The numbers are a lie on this website and so is the table that shows supposed earning figures.

The only reason a vendor such as this one can shy away from using myfxbook.com is when they don’t have credible trading performance.

Bottom line is that a system that’s marketed this way is a money loser.

Reviews from past clients

The owner of Auto Forex Direct is using TrustPilot as a means to gain legitimacy.

We know that TrustPilot reviews can be fabricated very easily since the admins there almost never check user activity.

Of course there are a few legitimate feedback activity from some users. But 80% is falsely generated and we suspect this may be the case with Auto Forex Direct reviews.

Conclusion

We’ve seen such vendors who promote magic trading systems that only lose money. Some examples include Trader Gold King, Super Forex Bot, Renko Kings etc.

Auto Forex Direct trading system is a sham and so is the owner. All of you readers know that we’ve never recommended a trading system whose trading performance is not legit.

This is definitely for the financially naive or people who chase imaginary Forex profits. Darren (we’re not sure whether this is the real name) is basically fooling the financially desperate.

A good trading system that makes money consistently can’t be sold for cheap. That’s final.

Thanks for reading the Auto Forex Direct review.

One Response

  1. Steve miller June 6, 2020

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