Forex Sugar is a brand new EA launched in March 2020 by an anonymous developer.
The cost of a license is $299 but if you want 5, you will pay $799.
We’re told that Forex Sugar is user-friendly and can grow accounts really quickly.
Other aspects of this Forex robot include user-friendliness, dynamic stops, technical analysis trading and news trading restrictions.
Developer has claimed that ForexSugar EA is optimized for EURGBP, XAGUSD(silver), XAUUSD(gold) and AUDUSD but can trade other pairs as well.
Additionally, Forex Sugar EA’s recommended leverage is 1:500. This is considered aggressive leverage and it is the reason it saw a drawdown of 32%.
Before you spend this much on a Forex robot, I implore you to pick important points in our Forex Sugar review.
Is Forex Sugar EA Legit?
We looked at a number of factors when reviewing this Forex robot.
There’s high pressure sales elements on the page as well. For example….. where the developer says price will be hiked anytime.
Before you spend $299 or $799 on a Forex robot, you should consider cheaper alternatives with proven trading results.
For the Forex Sugar EA, they’re using FXBlue platform and the account is a demo.
We see that peak drawdown is 32% while monthly return is +38.3%. This is a 52 days trading sample, which is considered very short sample.
These figures might change to something else which is why it’s recommended that you only purchase Forex robots from vendors who have at least 6 months of trading results.
Therefore, in one way or the other, I feel that Forex Sugar EA vendor is cheating us.
They’re not putting their money where their mouth is yet they are selling their Forex robot for a very costly price tag.
Developer of ForexSugar EA mentions that they rely on technical analysis and news trading.
They failed to provide an insightful statement regarding how their EA works.
The rest of the basic features of a Forex robot are present on the Forex Sugar EA.
These include the ability to turn on/off hedging, hide stop loss from broker and trade with any broker.
Thanks for reading our Forex Sugar EA. This is not something I can recommend at this time.
I hope you see where my problem is coming from when it comes to reviewing this FX robot.