Euro Scalper Pro Review

Mar 12, 2021 12:08 PM ET
Euro Scalper Pro Review

Euro Scalper Pro is a 100% automated Forex signal provider that promises good results even for an inexperienced trader. It has two pricing plans, monthly and annual, priced at $197/month and $1997/year, respectively. Now, this is not cheap by any standards, and before investing in such a system, a thorough assessment of all of its aspects needs to be carried out.

Euro Scalper Pro

Type 

Fully-automated signal provider

Price

$197/month

Strategy

Short term scalping

Compatible Platforms 

MT4

Currency Pairs 

EUR/USD

Timeframe

N/A

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

1:500

Trading Strategy Explanation

Euro Scalper Pro generates trading signals which are then copied to your MT4 account, and you can place your trades with their help. After subscribing to its services, you will receive the software download link and a set of instructions that will help you complete the installation.

This Forex signal provider only deals in the EUR/USD pair, using a short-term scalping strategy for making profits. The vendor claims that the system is able to generate profitable signals regardless of whether the price action is trending or choppy. With Euro Scalper Pro, you can full control over your funds and lot size and can install the software quickly and easily.

Now, the scalping strategy involves making quick profits, and for a trader to be successful, they must have a strong connection with the brokerage firm. This means that the speed of execution of utmost importance when it comes to the scalping strategy, and if the connection is poor, you might miss out on some of the most lucrative trades.

If you sign up with the partner broker, you don't have to pay anything for using Euro Scalper Pro. No incentive or management fee is charged and you get to retain all of your profit. After registration, the service team can help you set up the software on a VPS service if you so desire.

Backtest Data Analysis

There is no backtest data available for Euro Scalper Pro. Serious Forex traders always look for backtesting data while investing in a new system, because it tells them how successfully a system can deal with different market fluctuations. Since backtesting involves several years' worth of data, it gives you an idea about the robustness of the signal provider, and without it, we cannot possibly complete our assessment of the system.

Live Trading Data Analysis

We couldn’t find any verified live trading results for Euro Scalper Pro. The vendor shares the performance history on the homepage of the official website, but since these are not independently verified by a third-party source, we cannot really call them authentic. It is possible that the vendor manipulated these results to look profitable.

Most legitimate and well-respected Forex robots share their live trading results on Myfxbook. This is a mark of authenticity and it tells a potential investor that the company has nothing to hide. Not sharing live trading data creates some serious transparency issues, and it would certainly dissuade most individuals from investing in this Forex signal provider.

Vendor Transparency

In the "About" section of the official webpage, we can find some data about the company behind Euro Scalper Pro. It claims to have been providing lucrative trading signals to financial institutions, portfolio managers, large corporations, and independent traders for quite some time now. In fact, it is claimed that the trading team possesses more than 40 years of experience in developing efficient trading models. 

Most of the information is about how the company is different from others and how it performs better than other systems by taking a contrarian approach. There is little or no information to be found about the identity of the developers, what their credentials are, and where they are located. We hope the company would reveal more information about itself in the future.

Customer Reviews

Euro Scalper Pro Customer Reviews

There were some customer reviews for Euro Scalper Pro on the Trustpilot website and they don’t look too positive. On a particular review, a user has pointed out that this Forex signal provider plays a risky game by not having a clear entry and exit strategy. The high drawdown has also been criticized, along with the fact that the vendor is only selling this system for earning commissions.

Review Summary

Pros

  • Can be used for free

Cons

  • Lack of verified live trading results

  • Negative user reviews

  • Risky strategy

Conclusion

To summarize, this system has too many downfalls for us to recommend it. Firstly, the scalping strategy comes with its fair share of risks. Secondly, no live trading results have been furnished by the vendor, so we have no idea whether the system is profitable or not. Last but not least, the majority of the customer reviews are negative and talk about the high drawdown and the lack of proper entry and exit points. 

Rating: 5.6/10

  • Features: 5/10
  • Strategy: 6/10
  • Price: 5/10
  • Performance: 6/10
  • Feedback: 6/10

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