Benjamin Roussey rates this 3.5/5
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Forex Megadroid Review From: Forex Megadroid

Pros
Low price, 60-day money back guarantee, created by experienced forex traders

Cons
Performs trades during odd hours with low volumes, slow customer service, difficult to verify the absurdly high profitability claims of the product.

Verdict
Use Forex Megadroid with very small investments and reinvest only profits to grow the account. If you start losing, ask for your money back within 60 days. Of course you still have to pay for those losses.

Forex Megadroid (RCTPA FX Robot) Review - Are real users getting results that match the hype?

Forex Megadroid is an RCTPA technology based automated forex trading software program. In forex trading market that is flooded with a range of trading robots, with each one claiming to be the biggest money maker, Forex Megadroid tries to differentiate itself as a program that combines nearly four decades of experience of its creators.

The Creators

Forex Megadroid by launched on March 30th, 2009 by Albert Perrie and John Grace, who used their nearly four decades of experience in the forex trading markets to create this product. Perrie and Grace make some astounding claims about the profit potential of their robot, and how it can keep on producing super normal profits for you. The creators claim that the robot is a result of the crucial forex data that they have assembled over the years, and the robot uses that data to make its trading decisions.

The Product

Forex Megadroid claims to possess artificial intelligence, which allows it to wait patiently until it identifies an opening that correlates with the forex data programmed into it. When it spots a matching problem, it strikes, and usually ends up making a profit for the trader.

Forex Megadroid is based on a complex algorithm known as Reverse Correlated Time and Price Analysis (RCTPA), which enables the robot to make logical choices in the forex trading market. Forex markets are extremely volatile by nature, and can change completely in a split second. Forex Megadroid is designed to identify such changes up to four hours into the future.

User-friendly Operation

Forex Megadroid is easy to install and use, which makes it convenient for new online forex traders who are not well-versed with the technology or the forex market. Most new traders can install and start forex trading activity within half an hour.

The company also has a dedicated customer support team that provides prompt assistance if the user is unable to install or use the robot efficiently. Trades conducted by the robot are completely automatic, which makes it easy for any individual to perform forex trading.

Accuracy of Results

The creators of the program claim that it predicts currency changes with an accuracy of more than 95 percent. On back testing the results, it is see that the traders could make an average profit of 300 percent within a year. The creators of Forex Megadroid claim accuracy in every type of market condition, and assure that traders can earn a profit of four times their investment. However, since such tests are not conducted in the live market, it is not possible to vouch for the accuracy of these figures.

Forex Megadroid trades only in EUR/USD. Some people assume this is a limitation of the product, but in fact it makes the product safer. EUR/USD is a relatively more stable, safe, and well traded currency pair. The spreads in this pair are usually low, irrespective of your choice of broker. Like any other forex trading robot, this program works during trading hours only when the computer is on.

Price

Forex Megadroid is a competitively priced product at $97, with a money back guarantee of 60 days. Forex Megadroid is a clickbank product, which covers the money back guarantee. If you are not satisfied with the product, you can send an email to clickbank for a refund.

What Others are Saying

Some traders complain that the robot works only during odd market hours when the trading volumes are very low. A few users feel that it performs very few trades, and in some cases it did not trade for an entire week. The company’s claim of a 95 percent success rate may be technically true if the robot takes very small profits to keep the percentage of profit high. However, some customers believe that in a losing position, the robot could wipe out all the gains and add up losses quickly.

Date Reviewed: October 18, 2011, 11:54 am
Reviewed by Benjamin Roussey
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