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Review Moderation Team Note: As of December 12, 2008, rated reviews may be left for this product. Please remember that demo and backtest results may not be used as the sole basis for strongly positive ratings. The reason for this is that backtesting and demo testing results are frequently superior to live testing.
Also, we already know that the image of Marcus Leary is an actor from a service that provides spokepeople for the web. This has been covered extensively on the FAPS review page.
FapTurbo is a clickbank product. All products purchased from clickbank are provided with a 60 day money back guarantee which is granted by clickbank itself. The vendor does not accept your money directly, nor provide the returns. If you want a refund, please go directly to clickbank.
None of us have tried the new forex expert advisor from FapTurbo.com. If you have let this software trade your forex account, please leave a review.
As mentioned in the Special Notes Section above, all ratings were changed to "No rating" for reviews left before December 12. We now welcome followup reviews with ratings.
2009-03-12 Update The FPA has begun a Performance Test of this EA on a demo account. Please click the "FAP Turbo Demo" link in the upper left corner to see the results.
2009-07-27 We've set it up now with a broker recommended by FapTurbo. The old test was going well, and the results can be found by clicking the drop down menu on the Performance Test page. We look forward to seeing how this affects performance of this EA.
Bill Trichet, U.S.
Rating:
Date of Post:
2010-02-11
Review:
I bought the EA two months ago and used it both on FXCM's demo and real account. It turned out that it generally worked better on demo than real.
But the thing is: although it did make some small profits, all these profits will eventually disappear in one BIG LOSING trade.
On my real account with FAP's default setting, I first made some 100 bucks before consecutively losing 700!
FAP TURBO is the first and definitly the last EA I will ever use. Since it claimes to be one of the best EAs, I would not recommed anybody buying any EA. Remember, a demo account is totally different from a real one.
NW Trader, Northwest US
Rating:
No Rating
Date of Post:
2010-02-06
Review:
First, let me say that I am using FAPTurbo on a demo account and only for little over a week. My only reason for posting now is because I am not having some of the problems indicated by others posting here. Later, when (and if) I use this on a live account I will certainly provide a more detailed review.
I have not had any problems changing the default settings or setting this up inside MT4. In fact, during my research prior to buying the EA I found many users indicating that this was a decent EA but that the default settings exposed one to too much risk and could be optimized. I found some suggested alternatives to the defaults and have been testing them this past week. My results for this past week are encouraging, but some tweaking is obviously still needed. Over 4 days (no trading on Friday) the EA intitiated 32 trades, of which 29 were winners ($121.83) and 3 were losers (-$77.30) for a net gain of $44.30. I can't really fault the EA for the two large losses as I had set that particular pair to trade outside of the recommended time period. So far, the EA seems to be working adequately but my feeling is that an understanding of the settings is necessary and those settings may need to be adjusted as time goes on and the markets change.
I will update again after more testing on the demo account and certainly if I go live with it. Although I am perfectly happy with what I have found so far, I'm not using any "stars" for this review due to the short time frame and the fact that this is only a demo account.
Bastian , Germany
Rating:
Date of Post:
2010-02-05
Review:
All in all... it's OK. Performance was ok, but two accounts blew up. My critic is especially addressed to the support team, because i requested a refund for abot 4 times (the Fapturbo is not what i've expected), but no one answers. Up to now there is no money in my paypalaccount!
So be sure if you really want to invest your money in this ea, because you maybe won't get your money back!
Greetingsa
Professional FX Trader, Miami, Florida
Rating:
Date of Post:
2010-01-23
Review:
I would like to share some data on FapTurbo16 through FapTurbo49; I'm a professional
trader and have been trading three FapTurbo Demo's at FXDD in NY; initially everything was so-so,i.e.,
nothing to brag about. Now, and with what I view as total arrogance, I have sent over 6 email
complaints/ideas about this dubious products failure to activate with the latest versions or FapTurbo49
without any response from the three alleged "scammers" or Steve, Uli, and Ultrecht???
I opened a "new" FXDExteme account transferring the old balances and it "mysteriously" activated; I also opened a CitiFxPro MT4 account where it also activated OK; they, meaning the developers will not respond to
any of my critiques, i.e., CANNOT SET "Take Profit" levels from defaults; FapTurbo49 insists on using defaults and not what the user inputs!!! The only thing that seemed to work is changing the "Stop Levels!"
This product is a piece of crap and no one should ever allow it to trade on a live account!!!!!!!!!!!!
I would be happy to forward my emails to the "three" Austrian bandits.
The support from the dummies in California is laughable....they cannot even speak English and know even less about their alleged product.
Lastly, the other scammer here in the U.S. is FapWinner...........what a joke!!!!!! Stay away.
gjm/Miami
Chan Sandler, Las vegas, USA
Rating:
Date of Post:
2010-01-21
Review:
I bought Fap turbo EA on 1st Sep 09 and have had good results on a live acc with fxcm. The scalper made $2330 over 4 months. The longer term is however still in a floating loss of $117 after euro tropped few days ago. I think i used it on the wrong timeframe. Seems it is trading better on M30.
The developers keep updating it and sending me stuff about megadroid as well. megadroid seems to be more consistent but less profitable.
Like the user below I have just purchased Fapturbo. Setup was very easy, good documentation etc. however when it came to activation although I got a key from Faptubo Metatrader does not recognise. Support seems to be the weak area for this product, lots of complaints on members forum. You simply just can't get any response. So at this time I have a broker demo account activated, Faptubo installed BUT no working solution to test. I will try to get support over next few days but if no success return the product for money back guarentee. Very dissapointing after all of the hype!
Brian, USA
Rating:
Date of Post:
2010-01-17
Review:
I bought the FAPTurbo in late November last year. I messed around with some settings and ran a demo account with these settings. I was very pleased with the results so I moved over to my live account on December 3nd. I only use the scalping feature currently on my smaller account ($1000) as recommended by FapTurbo developers. The results were satisfactory. Although i did not double my account in month however it produced stable returnes, around 73% in 2 months.
Seems fapturbo is working really good in winter and spring time. It does not work good in summer. I recommend to avoid trading in summer with fapturbo! Good luck!
Daniel Mann, Ireland
Rating:
Date of Post:
2010-01-17
Review:
For more than 10 months i thought that better i keep my mouth shut but i can't hold any more. I did trade with Fapturbo for 10 months with live account, all i can say is stay away from this c**p. If you think that this software is worthless you r wrong, this c**p will wipe your account in no time. Some will tell you about settings and parameters, its all nonsense, i tried all. The Robot Don't Work, Period. And now for Donna or Fapturbo support, if you are sure that this Software is so successful how is that that you bombard all your costumers with all kind of emails to sell more useless c**p? Way don't you send costumers any emails with new settings and explanations on how people can improve their Robot performance. You try to exploit people to the extreme limit that's what you doing.
"Vassilis" don't try to get your refund from Fapturbo, send a ticket direct to Clickbank and select the refund option
PS. follow your email closely because Fapturbo support will change your ticket status from "REFUND" to "SUPPORT" and you have to follow the clickbank link to change your status to refund again. This is another diversion from them in order to expire your refund time.
All the best to all FPA members. learn to trade and they can't sell their c**p no more!!!
HD, USA
Rating:
Date of Post:
2010-01-12
Review:
I am not able to activate Fapturbo On Demo account.
The activation key goes back to default settings
as soon as I ok inputs and chart shows message
"error getting data to server" Support at Fapturbo is not able to rectify the problem. They say problem is with the broker.I have opened Demo accounts with
Iamfx,Fxcbs and Fxopen and the same problem is with
each account.According to brokers problem is with
Fapturbo or the activation key.However,I am still left with
the product which does not work.
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