Today I am reviewing a new cloning trading software Forex Profit Copier by Mike Foley.
This new software is an automated trading system that opens and closes trades by cloning a pro trader’s MT4 account as he trades using Forex Profit Copier. So you basically get access to a professional traders account. How much is this access? Surprisingly low at $67 and it is being sold on the Clickbank payment processor which comes with a 60 day money back guarantee.
I have recorded a video to help better explain the product so please take a minute to watch it completely.
Now I will get further into the Forex specifics so you know exactly what this is. I discussed a lot of this in the review but here it is likely easier for me to explain it to you. This software is 100% AUTOMATIC. Mike Foley makes a trade and you get that exact same trade in your account.
Forex Profit Copier certainly has me interested but there are a few points I made in the video that I think are very relevant in bringing up again. One was a RED FLAG, so I will start with that. While looking at the MT4stats.com results provided on the sales page I found something concerning. The date on the page was October 15 with a time stamp of 18:56 that does not change.
Now, I am no conspiracy theorist but I do find it important to point out that the last trade for this system was over two weeks ago. I am sure there is some sort of valid reason like maybe the Forex trader is spending time on the launch but I would imagine during a product launch the results would be of paramount significance. This is just something I found and thought was valid in pointing out, although I am not going to condemn the software due to this one factor.
The next thing I mentioned in the video was latency. When trading Forex with any automated system your internet connection becomes a huge issue in making the accurate entries and exits required to have success. Any delay and money is lost. For this reason I always recommend that traders utilize a Forex VPS which provides a fast and secure connection.
If you don’t have one, make sure to visit this page to understand more on how a Forex VPS works and where to get one.
Forex Profit Copier Review – Conclusion
- Pro trader trading for you
- 100% automated software
- 60 day money back guarantee
- Forex Profit Copier: $67
- Virtual private server a requirement
- Weird missing period of results
- Forex Profit Copier Upsells: $97 and $47
This is certainly a unique system that I do feel inclined to test. I am sure you will be hearing a lot about this Forex software so make sure that you make the right decision. Also be aware that you do have 60 days to return the software if you are not satisfied.
Based on my RESEARCH – I am comfortable in purchasing this software. I won’t give it a full recommendation but with the guarantee I see no reason to avoid it unless you just don’t want to test it.
Please leave a comment with your experiences so the rest of Forex Robot Nation can learn from your expertise.