Verdict up front: a reviewer who watched this service run on a friend’s account says it used Martingale — doubling into losing positions until the account was gone — and that the operator then stopped replying. On the same page, two five-star reviews posted on the same day each report a year of use and a neat monthly profit figure.
Forex copy trading Forex Auto is published by Forex Signals. On the day we checked it showed 3.8 stars from 237 reviews and 50,000+ downloads, filed under Finance, last updated 23 July 2026.
The review that explains the mechanism
Tracy Keeling, 4 April 2026:
A witness account
“SCAM run by trading novices. Join our £250k automated trading they say. Watched as they blew friends accounts using Martingale (where a trade goes the wrong way so they put on more and more bigger and bigger trades) until they lost everything. You shouldn’t risk more than 1-2% on any trade, they broke all the rules and lost the account, then refused to reply to the person involved.”
Martingale is worth understanding, because it explains everything else on this listing. The rule is simple: when a trade loses, open a bigger one in the same direction. Do it enough times and the eventual win recovers every previous loss.
It produces long, beautiful winning streaks. Nearly every trade closes green, because a loss is never taken — it is postponed and enlarged. A copy-trading account running Martingale can show months of steady gains and a flawless win rate.
Then the market moves far enough in one direction, the position size has doubled past what the account can carry, and the entire balance is gone in a single sequence. Not damaged. Gone.
Which is exactly what the listing promises
From the store listing
“The copy trading system enables you to trade using a variety of strategies, thereby safeguarding your account from losses… offering a convenient entry into the markets for novice traders… while ensuring profitability and stability.”
No trading system safeguards an account from losses, and none ensures profitability. Those two phrases are not exaggeration; they are the specific claims a Martingale sequence appears to satisfy right up until it does not.
The release note is blunter still: “Copy Profitable Forex Signals Directly to Your Trading Account or Mobile—Earn Daily Profits.”
Two reviews, one day, two tidy numbers
On 23 March 2026, two five-star reviews appeared:
“After using this app for a year… I made $1235 last month without much effort. The risk is controlled, about $6 per trade, which makes it safe to use.” — Yogi Meena
“I’ve been using it for a year and I’m happy with the results. Last month profit was $565. Good reward and fully automated.” — Mayank Kumar Meena
Same day. Same surname. Same structure — a year of use, a specific monthly figure, a note on risk, a closing endorsement. Neither mentions a single trade, pair or date.
Note also what the first one claims: $6 of risk per trade producing $1,235 in a month. That is the profile Martingale displays while it is working.
The claims nobody can check
The listing says “our profits are verified by Myfxbook” — a real third-party verification service — and provides no link to any account. A verified track record that cannot be opened is not a track record.
It says “Each strategy provider undergoes a rigorous auditing process”, names no auditor, and names no provider. It lists 70 international brokers including HFM, FXCM, FOREX.COM, AVATRADE and SWISSQUOTE BANK — borrowed names that are not party to anything here.
Signals are delivered by WhatsApp, and the service desk is a UK mobile number. There is no company, no address and no regulator anywhere in the description — though the listing’s own banner image displays a domain, Forexsignalfx.com, that the text never mentions. The developer’s other apps include XAUUSD Trading, Crypto Trading Bot — and Trip Planner – My Travel.
⚠ Verified evidence — checked 20 September 2026
Package forexcopy.trading, publisher Forex Signals · 50,000+ installs, 3.8 from 237 reviews · reviewer reports accounts blown using Martingale and the operator then refusing to reply · listing claims it is safeguarding your account from losses and ensuring profitability · two five-star profit reviews posted the same day · claims Myfxbook verification with no link · support is a UK mobile number and WhatsApp · no company, address or regulator.
Unverifiable performance claims and unreachable operators run through this archive — see Pantera Prime and the eight FCA warnings naming fake XTBs.
What to check before you let anyone copy into your account
- Ask directly whether the strategy uses Martingale or grid averaging. A refusal to answer is an answer.
- Look at the equity curve’s drawdown, not its profit. A curve that only ever rises is hiding open losing positions.
- “Verified by Myfxbook” means a link you can open. No link, no verification.
- Read the review dates. Glowing reviews clustered on one day, with figures and no detail, were not written by customers.
