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DragonPips.com Review

Updated: Jun 16, 2015
SCAM
2.081 · 4 REVIEWS
Is this your company?

CONFIRMED SCAM FINDING The FPA Scam Investigations Committee has confirmed a scam finding against Dragon Pips. Please read the discussion thread for more details.

The FPA recommends against purchasing any products from this company.

 

Website is down.  One more scam website out of business.

DragonPips.com

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Court cases

  • Open0
  • Resolved0
  • Not guilty0
  • Guilty1
Case IDFiledCase nameVerdict
20102010-08-24FPA Scam Confirmation against DragonPipsguilty

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Scam!
2.081 · 4 REVIEWS
Forex Peace Army
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pakistan,
Sep 27, 2010,
Guest

I have used dragon pips for two months with real micro account. first i was surprised to see its accuracey, it made about 800% profit first month. But then suddenly i dont know what happend, in the next month my whole account was blown away. so now i had stopped using it.
Australia,
Jun 3, 2010,
Guest

Issue escalated to Traders Court FPA Scam Confirmation against DragonPips | GUILTY
2010-08-24 Update. The FPA Scam Investigations Committee has confirmed this Scam complaint.


SCAM!!!SCAM!!!SCAM!!!SCAM!!!SCAM!!!SCAM!!!SCAM!!!SCAM!!!

Dont waste your money or time with these scammers in my search for a profitable EA I decided to buy these EA after I didnt find any negative comments on the net about them and after checking and recving a guarantee from them:

"Dear,

We give 2 guarantee for all customers, 28 hours for backtesting
if not similar like our backtesting, you can ask for refund, and
90 days for foward testing demo or live account, if loss using
dragonpips demo or live you can ask for refund by sending us at
least 4 weeks trading history, and if we check that condition
true, refund will be process in 5 business days.

Regards,

Dragonpips Support "

So I tested their EA out as per their specifications for a month and the EA was hopeless blowing nearly half the 10k demo account so I sent them an email notifying them I would like to have my money refunded as per their guarantee and sent them the 4 weeks result as their specified

"Hello

further to my last email your EA has unfortunately performed very
very poorly, as you can see from the attached statement I have life tested
it using the standard settings that you advised and the result was
that it took a $10000 account down to $5 087.79, so it lost $-4 912.21
This is really disappointing as I expected good things from your EA as you advertised on your site. As per our agreement prior to purchase please refund the cost of purchase back to the PayPal account ASAP. Best of luck in your efforts to make a profitable EA.

thanks"

Ive been trying to get the money refunded now for two months and since they no longer reply to my emails such as

"WHAT IS YOUR RESPONSE TO WHY YOU DO NOT HONOR THE GUARANTEE YOU GAVE ME PRIOR TO PURCHASE"

Its just another SCAM EA looking to rip honest people out of their money.

More. Community discussion of this issue >>

Portharcourt, Nigeria,
Nov 19, 2009,
Guest

Kyle, i guess you did not install the Dragon Pips Robot well on you MT4.

I am Using Dragon Pips and i must confess it fetched me more than a $2,500 within 2 weeks. I am even scared of the so many trades the ROBOTS trigger daily...

I suggest you study the Robot's Manual Properly...

Cheers.
USA,
Aug 6, 2009,
Guest

Warning: DragonPips does NOT work on ECN brokers. And they will NOT grant you a refund.


Here is my story....

Purchased DragonPips for $349. Installed to my ECN broker. No trades after 1 week. Hmm... So I decided to try another broker's demo account (market maker). Trades opened, no problem. Now Im thinking, "Ok, it must not be able to place market orders. I'll send them a quick email and ask if they would be able to code a quick update to allow for market orders". Received a response within a few business days saying they will take a look at it.

Another week or so passed and they actually came out with an 'updated' version for me. "Great!" I said. Installed to my ECN broker. No trades. Went back to email. "Still not placing trades". They said they will take another look at it. Then nothing. Sent more emails. Nothing. After 5-6 weeks, I got fed up. Requested a refund. Silence. Threatened to leave bad feedback at ForexPeaceArmy if they did not either fix their EA, or grant me a refund. Further silence.

So here I am, sitting here with a $349 robot that does not work, and a "company" (guy in his moms basement?), that refuses to give me a refund for his product that does not work.

A perfect candidate for a 1-Star Forex Peace Army review. Well done DragonPips.