This is a review about a website named Campforex.com. In this review we are going to analyze each and every aspect of the website.
Objective of Campforex.com – Promote TopEdgeFX & Fake Trading Bots
The main objective of Campforex.com is to promote a Managed Forex Account service known as TopEdgeFX. The Managed Forex Service offers funds management to its clients at minimum deposit of just 1000 US Dollars. In addition, it also provides trading signals to its customers. This website campforex.com claims that the trading bots offered by the website can save time of their clients. According to their claims, these automatic bots or robots have capability to automatically schedule the trading activities according to ever changing market dynamics. We at Forex92 tested all their trading robots/Expert Advisors and they were proved fake – actually not fake but a SCAM.
SCAM Website CampForex.com Hides Its Identity
The Campforex has been created by an unknown person. This is a very alarming and risky sign for a trader who wants to select their suggested companies. Since, there is no contact number given for the management and owner of the company.
Crypto trader is the most popular website promoted by the Campforex. This website offers trading bots for the crypto traders. This website fails to pass the basic test as its creator is unknown till now. It seems to be created by an anonymous Bitcoin talk user called “pulsecat”. Moreover, according to their website this service is created by an Italian based company. The inadequate information about the company makes it suspicious and traders must avoid using this website.
Campforex.com Trading Robots Are Absolute SCAM
The website campforex.com promotes a lot of fake robots. The owner of the website claims it offers most reliable and affordable trading bot service. According to a renowned cryptocurrency website Bitcoin.com, crypto bots are just like an endemic within the crypto space. These trading bots are risky, unpredictable and extremely inconsistent. The companies like Campforex claims that they have solved the emotional issues of the trader by offering automatic trading bots service but that is far from the reality since crypto trading bots can be used as trading tools rather than workhorses capable of setting up and executing winning trades on behalf of traders. The crypto-traders must keep in mind that they must face liquidation of their trading accounts if they take a risk of using trading bots of camp forex.
Do Not Use CampForex.com Trading Bots
Trading bots service offered by the Campforex seems very attractive, but it can’t be considered as a viable substitute for a human mind or manual trading. Technology failures of the server-based platforms can be very damaging for the traders. The above-mentioned facts prove that the crypto trading bots are most important tool in the hands of forex scammers which can damage the long-term interests of investors.
Fake reviews
Camp Forex is also relying too much on fake reviews. For instance: TopEdgeFX is its most popular company to lure prospect customers. Just take an example of the fake review through given below screenshot. Camp Forex has used the fake name of John and used his fake review to promote its trading services.
This website has failed to provide any data on its past performance. In addition, this website also uses fake reviews to lure its prospect customers. This forex website uses various kind of fake names such as John doe to trap newbie traders. Fake reviews are often used by illegitimate forex companies to show their popularity among the investors.
In the end it can be said that forex reviews are very useful for investors to find reliable Forex broker. However, fake reviews fail to serve this purpose as they are created for the benefits of the brokers or company and they are mostly created by paid freelancers who don’t have any interest in the welfare of the average forex investor. Sensible and successful traders first read this kind of fake reviews and starting to work with such companies.
Fake Social Media Profiles
The social media accounts of the company have limited likes and they are not so active. The activity of social media accounts gives very good idea about the approval and legitimacy of the company among its followers. The Twitter page has just 33 followers and Facebook page has 70 followers. Overall it seems that company management wants to hide its true identify from the public and investors which is a very bad sign for any company.
Beware of Unregulated Forex Companies
It has been always advised by the Forex experts that traders must select a regulated company for their investments. It is very important as it provides trader a protection against illegal trading service. Therefore, it can be said that unregulated trading service can be extremely risky and dangerous for any forex trader. Since, there is no protection available for trader against the unregulated company in case of any scam or mishap If things go in the wrong direction. In the case of a Forex broker, if the broker goes bust, the financial authority will step in as there is a whole process when dealing with these
Same is the case with the Campforex and its recommended brokers like crypto trader who are not regulated. Since, no regulatory details of these brokers are given on their respective websites. Therefore, it’s recommended that traders must be aware of threats and risks offered by these brokers to the traders.
Forex investors must keep in their mind that they are taking a big risk by trading with an unregulated broker. Since, it is a known fact that they are protected from mistreatment and fraud when they select a properly regulated broker and this is very essential when circumstances or things can go wrong.In addition to that, there is a very good chance that they will get a reasonable compensation in the event of fraud or scam done by brokerage firm. Moreover, regulated broker will also keep the interests of its investors save while providing them high quality brokerage services. It also helps to reassure investors that their finances and personal information is in safe hands.
Conclusion
Campforex apparently looks like a professional and well managed forex trading account service. However, the problems and issues highlighted above makes it a risky choice for the investors.
The promotion of unregulated brokers and unreliable trading bots makes this website suspicious in the eyes of the experts. Moreover, it is very difficult to trust a service which is started by a unknown and unreliable team.A team which believes on luring its customers through fake reviews.
The above-mentioned issues paint a very bleak picture of this managed account brokerage service. Therefore, investors must make decision to use this service by keep in view all the above-mentioned issues.