Is Black Queen EA reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if Black Queen EA is a scam or legit.
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About Black Queen EA
Black Queen EA is a forex robot launched by Mikhail Sergeev. The product was last updated to a version of 1.3.
Black Queen EA claims to give advantage in the financial market with its expert strategies. Here it offers traders accurate entry signals “based on global price movement”. This EA costs $149 and offers a rent option of $35 a month.
Black Queen EA provides a Hedge type account and claims no short term strategies like scalping or pipsing.
In addition, Black Queen EA offers different currency pairs.
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blackqueenea.com: Reasons to Avoid This EA
blackqueenea.com is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of this product.
blackqueenea.com offers traders a free account to test the EA. While this is a good thing to do for a product like this one, it doesn’t prove much trust whatsoever.
We find out that blackqueenea.com does not say anything about cash-back for this product. It is important traders know that their money can be refunded if something fishy is seen about the product. But this is not the case with Black Queen EA.
Black Queen EA Trading Strategy
Black Queen EA strategy provides currency pairs like EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CHF, USD/CAD, USD/JPY.
Black Queen EA states strategies like Martingale, Hedge, Price Action. For the time frame, the developer mentioned an hour.
Minimum deposit of Black Queen EA is $50 and a leverage of 1:500. This is a high leverage that can cause accounts to get crashed quickly especially when it is not done with the right EA.
Black Queen EA Trading Results
Black Queen EA shows no back test result. As a result of this we can’t tell how profitable this product is in the long term.
Black Queen EA presents a live trading result from third party verification site myfxbook.com with a real ECN account of 14 weeks. The maximum deposit shows $100 with a drawdown of 2.6%.
Also, there are 26 orders with a stable rate of 100%. It shows a recovery of 829.75, profit of 119.54 and an average of %1.29.
Conclusion: Is blackqueenea.com a Legit Forex Robot?
We say blackqueenea.com is not a legit forex robot. The lack of details on important insights is a turn off. EA with promises like this one should provide enough information for traders to have some level of trust.
Not having a place for cash-back is a red flag. So, beware.
It is in our duty to tell you when an EA is not worth your money. By so doing, we do not recommend this forex robot for use.
If however, you have anything to say, kindly comment on the opinion section.
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