As a trader, especially beginners, understanding forex robot scams is very important. As the name implies, a forex robot is a software that can work independently to find profit opportunities in the forex market.

That said, this robot will become a "trading assistant" that will accompany and help traders to carry out automatic transactions according to fundamental and technical analysis.

Not a few of the best forex broker offer automatic trading as a tool to maximize trading. But did you know that not all of these offers are good and will instead trap traders into an obscure if not observant system?

The dirty way that many scammers do is to make the trading performance look good, and the ordinary person will not notice the strange thing in it. Even though all of that is just the result of their own manipulation and has been edited to make it look good and always profitable.

Not a few of the traders who suffered losses of up to hundreds of millions. This is because more profit is promised by using robots they buy from scammers. Then what are the characteristics?

The Characteristics of Forex Robot Scams

Before you decide to buy or try a forex robot, it's good to recognize the characteristics of a scam trading robot. By knowing its characteristics, you can anticipate that you do not become a victim of fraud. Here are some common features:

1. Promising fantastic results and profits

If a trading robot offers you multiple profits in a fairly short amount of time, then you need to be vigilant because it could be forex robot scams.

For example, you are promised a definite profit of 1000% of your total deposit within one month after using the robot, you can be sure it is a fraud.

Such a calculation of a thousand percent profit is impossible. If this is real, then everyone will definitely use this robot, and there is no need to learn more about good and correct trading methods.

2. Illegal companies

This one forex fraud mode is increasing along with the popularity of the online investment business. Usually, illegal companies create websites or just set up offices in a rudimentary way.

However, they do list the name of a well-known broker on the website, or attach the word "regulated" by certain highly credible government bodies such as Bappebti.

In fact, they are not really affiliated with a well-known broker, and have never received official permission from any institution. Therefore, make sure you only join the Didimax forex broker that is official and regulated.

3. Trading robots underperform

Utilizing a forex robot in your trading is of course not to blame. There are also many bona fide trading robots. But before buying a robot that you want to use, you must first check its performance to know if they’re forex robot scams or not.

One way is to do testing with the robot. Then make sure that the robot's performance is real and not just a formatted image that is easy to edit.

This test needs to be done so that you can find out the performance of the robot, and the results are given when you use the strategy you have.

4. Advertising that is exaggerating

Every company will certainly use advertisements, both from print and electronic media to market their products.

The goal is clear, to attract people to use the products they have, including in this case brokers who have forex robots as the main feature for trading. Therefore a trader's policy to choose a forex robot is needed. 

No matter how good the advertisements marketed by brokers are related to the products they have, it's good to do tests by looking at the performance of the robot to know if they’re legit or just forex robot scams.