This review is meant to point out to potential users if the Dragoncell Forex EA is something to trust or not to trust. With so many forex products out there doing damage to investor and trader confidence through their poor performance, it is important to know what you want to buy before you even try such a product.
Introduction: The Dragoncell Forex EA
Dragoncell Forex EA is a forex software which comes with very little in the form of background information. The vendors are unknown, the mechanism by which the software works in unknown and there are no contact details whatsoever with which to contact the people behind this product. All that is available for contact is a form on the sales page. The software is supposed to be used exclusively in trading the EURUSD, GBPUSD, USDCHF, USDJPY.
The software comes with a demo and live version. Both are supposed to be purchased together at a cost of $129 for one license, $199 for two licenses and $349 for four licenses. Is this software worth your money? Is the Dragoncell Forex EA a brand to trust or not to trust?
Dragoncell Forex EA: To Trust or Not to Trust?
If there is any forex EA not to trust, it should be the Dragoncell Forex EA. Everything about this product looks awfully unprofessional. From the poorly designed sales page, to the wording of the website and ultimately the product itself.
Here are some reasons we believe that Dragoncell Forex EA is not a software to trust.
The Myfxbook results show very poor performance of the fx EA.
At least one scam review by a user.
No refunds when requested for.
Not convinced? Some explanation will show you why Dragoncell EA is a software not to trust.
Poor Performance
All forex traders are in the business to make money; no exceptions. So if a software is unable to deliver profits and instead posts results that leads to as much as 95% loss of capital, should you trust such a software?
This is what the Dragoncell Forex EA was able to do between March 2017 and June 2017. What forex trader would ever want to trust a software that blows an account in 3 months?
A Bad Review
At least one user has called out the Dragoncell EA team for selling a bad software that only leads to traders losing their money.
No refunds!
Dragoncell Forex EA is supposed to come with a 30-day money back guarantee. It says so clearly on its webpage. But look at the response from the Dragoncell EA team to a refund request (see snapshot above). The refund was not granted. Now Dragoncell EA comes in two versions: one for a demo account and a live account version. The essence is to test the EA on demo before trading a live account with it. No trader would be dense enough to attempt trading on a live account with a demo test. So how the Dragoncell EA team would refuse to grant a refund because the losses supposedly did not occur on a live account is simply beyond comprehension.
Conclusion: To Trust or Not to Trust?
Dragoncell Forex EA is a forex service not to trust. The losses posted by this software as revealed on Myfxbook are enough reason not to ever consider using this product on a live account. You may as well throw your money into a river. But because you worked hard for your money, you deserve something better and therefore you have been warned not to trust the Dragoncell Forex EA.