Forex Sugar is an expert advisor created and developed by a single individual by the name of Brian James. EAs are created to assist and guide traders to navigate the perilous journey of trading. We aim to check if buying this EA is worth it? Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals, Or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
Having this in mind, traders need to be careful and very mindful of who they deal with in this business environment. Although this slight exaggeration called marketing is used by everyone, some are just out to deceive and steal others’ funds. An enormous step in discovering fraud is considering the offering, and proofs provided; another way is reading our reviews and comparing the offers of known reputable vendors.
Forex Sugar EA Review
At first glance, Forexsugar.com looks exactly like what it is, a product of one person. That is not to say that it is trash looking or a scam just that it deviates from the norm we are used to.
Forex Sugar is an expert advisor developed to run in the MetaTrading4 platform. The website listed some advantages which basically includes all the advantages of trading with an EA. The goal of the individual behind Forex Sugar is to show that “trading in the forex market can be simple.”
How Forex Sugar EA Works
The strategy used by forex sugar comprises a baseline news trading strategy combined with technical indicators. The robot receives trading signals from these Technical Indicators to open positions solely in stable market conditions.
The robot uses the news to avoid market volatility; it pauses itself for a certain duration during low impact News, Medium Impact News & High Impact News release.
The robot deals with the trading pair of XAGUSD
Forex Sugar Price
At the time of writing this, the packages Forex Sugar offers come in twos. One is priced at $299(original price of $375) and the other one at $799(an original price of $999). They come with one real account and five real accounts respectively, with both having an unlimited number of Demo accounts.
These prices according to the website are subject to change at any time without prior information.
Customer Support
The owner owns on a blog on medium. The blog appears to serve the purpose of promoting the expert advisor.
Apart from the blog, the only other form of contact is through an email address
Client Feedback
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedbacks on a third-party site as we have found that reviews on the official page might be manipulated, concocted, or paid for.
Although we couldn’t find many reviews, the few reviews we could find were positive.
Conclusion
We think this Forex Advisor is safe to invest in. But you need to know that other expert reviews all agree that this software is still in its early stages and the strategy might not be the best strategy anywhere.
In conclusion, we think this forex advisor is safe to invest in, but due to its strategy, we don’t think it has the best value for money.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee