Forex EA Scam Checker
Paste the seller's claims and enter the robot metrics. This tool scores whether a MT4/MT5 Expert Advisor looks legitimate, unverified, overfit, martingale-dependent, broker-pushed, or likely scam before you buy.
1. Seller Claims
Use exact numbers from the sales page, Telegram pitch, MQL5 product page, YouTube description, or PDF report.
2. Strategy, Payment & Backtest Red Flags
3. EA Legitimacy Score
Minimum Proof Standard Before Paying for an EA
Why This Forex Robot Scam Checker Is Different
Most pages only say "avoid guaranteed returns." This tool combines the pieces traders actually argue about on Reddit, ForexFactory, MQL5, Myfxbook-style trackers and EA review pages: seller promises, proof visibility, live-account age, backtest realism, grid/martingale recovery, hidden floating drawdown, broker pressure, payment reversibility and prop-firm daily loss risk.
| Claim | Legitimate evidence | Scam pattern |
|---|---|---|
| High win rate | Risk-reward, drawdown and full trade history shown | Tiny take profit, huge hidden stop, open losers hidden |
| Low drawdown EA | Equity curve, floating drawdown and losing streak logic visible | Balance-only curve, averaging down, no hard risk cap |
| AI forex robot | Clear model inputs, risk rules and validation method | Secret AI, guaranteed prediction, celebrity/deepfake ad |
| Backtest since 2018 | Out-of-sample and forward test match the backtest shape | One optimized preset, no slippage, no spread/news stress |
FAQ
Is this forex robot legit if it has a Myfxbook link?
Not automatically. The tracker should be public, verified, connected to a real or clearly marked demo broker account, and should show history, open trades, deposits, equity drawdown and account age. Private or hidden trackers reduce evidence quality.
Is a martingale EA always a scam?
No, but martingale and grid recovery can hide risk until a trend or news event causes a large drawdown. A seller must disclose the multiplier, max levels, basket stop, max open trades and worst-case exposure. If those details are hidden, treat it as high risk.
Can EA backtests be faked?
Yes. Backtests can be cherry-picked, over-optimized, run with unrealistic spread, or shown as edited screenshots. A stronger proof package includes tick-data assumptions, costs, out-of-sample testing and forward results.
What is the biggest forex EA scam red flag?
Guaranteed or risk-free profit is the strongest red flag. Real automated trading has losses, slippage, broker conditions, changing volatility and model decay. Certainty language is marketing, not evidence.
How do I verify an EA developer before paying?
Ask for a written specification, named developer or company, source-code terms, milestone delivery, support process, invoice and realistic risk disclosure. For custom work, avoid paying the full amount before any deliverable.
Can AlgoSpecial audit or rebuild a suspicious EA?
Yes. You can send the claims, source code if available, set files, backtest report, tracker link and your broker conditions. AlgoSpecial can audit risk logic, compile errors, drawdown controls and whether it should be rebuilt from scratch.
Want a Robot That Can Pass This Audit?
AlgoSpecial builds MT4/MT5 EAs with written logic, source-code delivery, drawdown limiters, spread/news filters, testable risk rules and no fake return promises.
Educational risk-scoring tool only, not financial, legal or investment advice. Sources reviewed include regulator warnings, MQL5 community posts, ForexFactory discussions, Myfxbook-style tracking caveats, ForexPeaceArmy backtest-scam material, EarnForex education and Reddit trader discussions. No checker can prove fraud by itself; it helps you decide what evidence to demand before paying.
Turn the calculation into an EA
If the tool exposed a profitable or risky condition, convert it into a coded rule with testing and guardrails.