Review Moderation Team Note: 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.
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.
Update 2 We've set FapTurbo up 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.
Update 3: The FPA has begun a test of a 2nd version of FapTurbo.
Update 4: The FPA has begun a test of FapTurbo Flash on a demo account. Please click the link towards the upper-left to follow the results.
UPDATE 5: The FPA has begun a forward test of apTurbo Ichimoku EA on a demo account. Please click the link towards the upper-left to follow the results.
sebastien, thetford mines, Canada
Rating:
Date of Post:
2012-05-08
Review:
I use Fap for 1month and i never lose a trade.I trade only Gbp-Usd and each time he win!Fap trade 1-3 time per day.I use the expert guide setting.His ea very stable EA.
Max, Shillong, India
Rating:
Date of Post:
2012-04-25
Review:
FAP Turbo is a useless robots. It does give you a few winning trades as promised but when price moves against you then you hav serious problems. It just diminishes all those profits gained.
The Flash and Ichimoku variants are just a marketing strategy to hype their scam system.
With so many negative comments. I wonder if any of you have real results with the Trade Reverse set to true. I'm going to try this now for a week just before going for a refund.
Eddie, , South Africa
Rating:
Date of Post:
2012-02-09
Review:
This product is rubbish. Support is non existent. Don't waste your money
2011-10-072StarTerrible ea. No wonder MT4 brokers offer fapturbo for free. They know they're gonna take your money
Fapturbo Support, Pennsylvania, Scranton, USA
Rating:
No Rating
Date of Post:
2012-02-06
Review:
In reply to the last negative posters:
1. Fapturbo is not out of business. We are one of the rare vendors who really support their product and released over 50 updates since release 2 years ago. We also reply all support tickets on a timely basis.
2. Fapturbo is not offered for free by any MT4 broker. We have Fapturbo preinstalled on Iamfx.com VPS but only for those who have a legal license
3. Fapturbo works. You can post any crap that it is "terrible" but let the numbers talk for themselves. Here is the latest LIVE verified test by MyFxBook:
http://www.myfxbook.com/members/FAPTURBO/fapturbo54/161062
It has some drawdowns but in a long term the EA is proven and profitable.
Jorge, Bogotá, Colombia
Rating:
Date of Post:
2011-12-30
Review:
hi,
I bought this product back in june, after testing it fortunately only on demo accounts which of course were completely wiped out, I requested the refund of what I paid as I was within the 60 days "risk-free" timeframe, after writing several e-mails I was never contacted back by them, as a result I was never refunded.
In addition, they promote scam brokers like IamFX, FXCM and FXCBS.
Very disappointed with FAP Turbo. I could never get the EA to take a trade. After being proactive and sending screen shots of the settings, journals, and experts pages, they suggested a back test. A back test took no trades either. Evidently, I offended them because I complained about the time between emails as well as their back test explanation. I was told if I really wanted FAP Turbo to work, that I should should take it upon myself to find a way to make it work. Gee, I wonder if they pull their own teeth too?
Troy D., Kansas City, USA
Rating:
Date of Post:
2011-08-10
Review:
I think FapTurbo is out of business. They never respond to "support" emails and the phone numbers listed in the members area only ring busy.
No trades for several days. Small pip winners 3 - 5, then large pip losers 40+.
Nathan, Brisbane
Rating:
Date of Post:
2011-06-10
Review:
Very happy with Fapturbo. After reading the forum posts I knew not to change any of the settings and is going well.
For those who aren't sure about spending the money, MT4-brokers offers Fapturbo and other EA's for free.
chengsmine, East Coast US
Rating:
Date of Post:
2011-05-07
Review:
I tried to use very large Lot Risk Reductor like 50%. Right now my balance is around $6500 (demo). But I am unable to have lot sizes similar to those of Fapturbo's chart with deposit of $5100 (2-4 when their balance was only around $6200). I can have lot sizes of only 1-2. My leverage is 1:100. My broker is also FXCBS. I suspect that FXCBS allows Fapturbo to have a leverage of 1:200 or more, even though FXCBS denies it. There is just no way to have such large lot sizes with such a small balance and a leverage of only 1:100!!
2011-05-01 4StarI purchased Fapturbo long ago, and their most updated version looks very promising. But there is one issue that is quite suspicious. See the email exchange between myself and FXCBS below:
Dear Mr. Thomas,
Please note that the following account that is put on the website of Fapturbo is not a live account.
Thanks,
Best Regards,
FXCBS Customer Care
support@fxcbs.com
FXCBS|Fienex Group
This electronic communication and its contents are intended for the recipient only and may contain confidential, non-public and/or privileged information. If you have received this electronic communication in error, please advise the sender immediately, and delete it from your system (if permitted by law).
Disclaimer: Foreign Exchange is a leveraged product and carries a high degree of risk to your capital and can result in losses that exceed your initial deposit Forex may not be suitable for all investors, so please ensure that you fully understand the risks involved. Only speculate with money you can afford to lose.
Original Message
----------------
Subject: Strange lot sizes
From: t.cheng3@verizon.net
To: "FXCBS Information Desk"
Date: 2011-04-30 19:31:45
I am enclosing a portion of the trading chart from the Fapturbo website below. They refused to answer my question related to this issue, so I hope that you can answer my question instead.
At this particular time, the balance of the account was only around $6200. If you look at the EURCHF trade that started at 1.12 00:23, you will note that there were 3 other opened trades at this time, namely the EURUSD, GBPCHF and the GBPUSD trades. Altogether, the total lot size for these 4 trades is 11.8! Even if I assume the standard 1 lot = $100,000, and a leverage of 1:100 (what you allow), the required margin is already $11,800! The actual number must be higher, since 1 lot=$100,000 is true for only the EURUSD pair. From the above argument, it is obvious that you must have allowed a leverage of 1:200 or more for Fapturbo, which is not available for the general public.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in
foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not
reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing
and accepting any information posted on this website. We also reserve the right to remove, edit, move or close
any post for any reason.
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parties. The FPA's reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and
information that may fail to disclose risks and other important considerations involved in speculative trading.
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Disclaimer and Risk Warning. Please read.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.
Advertisements Warning Advertisement links are displayed throughout the site. Some pages in the site may contain affiliate links for products. These advertisements and/or links do not reflect the opinion, endorsement, or concurrence of this website or affiliated parties. The FPA's reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and information that may fail to disclose risks and other important considerations involved in speculative trading.
Spammers be Warned If you spam the FPA's forums or reviews, we reserve the right to edit your post in any way we please to make fun of you. By spamming us, you agree to any edits we make and to take no legal or other actions against the FPA or its associates for anything we do to or with your spam.