ForexRobotTrader.com is a website dedicated to providing many automated trading solutions to the community. The website is owned by Don Steinitz and it gets a lot of attention due to its impressive Google rankings.
Whether the website any software deserves this attention is what this review is about today. It’s time someone takes a closer look at Don Steinitz and what he has to offer the Forex robot community.
My initial impressions of Don and his ForexRobotTrader.com website are impressive because his approach is clean and professional. This is likely why Don is having so much success in this market. What we have to ask ourselves is, is Don successful because the product is releasing are so good or simply because his marketing efforts are carrying him. I’ve done a lot of research into this topic today because it’s a website I’ve been following for quite some time. Our best bet is to take a closer look at the community reaction and the results provided by the vendor.
Let’s start by taking a closer look at the results Don provides on his website ForexRobotTrader.com. Right now I’m looking at his top rank system, the Falcor Forex robot. Again, the page for this system is very professional looking and makes me want to buy but let’s look a little deeper. In taking a look at the results it is clear that they are purely hypothetical and cannot be trusted. It looks as if Don is taking Forex back tests and turning them into for tests and then using these for results. When looking at the results we can see that there is never any swap or commission so we know that this is not running on a live account.
The ForexRobotTrader.com website does not use any statement sharing services whatsoever for any of their automated trading systems. This means that all the results being provided by Don will not in any way indicate future performance. It is extremely rare in this market for vendors not to take advantage of my FX book, FX blue, or even mt4live. All these websites are easy to use and will verify an automated trading solution for everyone to see. Without using any of these 3 statement providers I generally feel like the vendor is trying to hide something from us.
I cannot give a positive recommendation to any robot listed on the ForexRobotTrader.com site. I have gotten in contact with Don Steinitz to see if he has any response to my allegations but I find it highly unlikely that he’ll respond. I also found in my research that over 350 people negatively reviewed these robots on Forex Peace Army. If there’s anything you would like to add to this review please leave your contributions below the article now. I really appreciate some comments on this topic considering so many people have gotten involved with this vendor. Thanks for spending some time on Forex robot nation and I hope that this article helps you make a better purchasing decision regarding Don Steinitz and his robots.