Fab Turbo Scam? - Why it is not a Scam

Posted: Dec 12, 2008 | Comments: 4 | Views: 4,321 | Bookmark and Share

You will have seen all the headings about Fap Turbo being a scam then you read it and they will all rave about it. Considering most have not used it their comments are predictible and dont really tell you anything.We decided to buy Fap Turbo and test it before we wrote our review. We were lucky we bought it for the original price of $97.00. That is a very small outlay for software that is going to deliver a constant profit week in and week out. However they have now increased the price to $149.00, which is still very cheap for the advertised claims.


The reason we bought it was because we have used automated trading robots before, most have failed however we have given a positive review on 2 other robots. We wanted to see for ourselves if this was a new generation system.


Fab Turbo has been developed using Forex Autopilot as a starting point by three IT guys. They have offered live videos to prove that their system will work during live trading and that you can use smaller accounts and larger accounts to make money. Checking on their constantly updated figures they have made the following profits:



1.       $370.00       turning into   $7300.00



2.       $2500.00     turning into   $8700.00



3.       $10,000.00 turning into    $31,400.00



We bought the software and immediately were offered a virtual server, based on the premise that Fap Turbo only trades if your computer is up and running. Knowing we could not rely on that 24/7 we decided to pay $69.95 per month.  This is when we struck trouble; the host company has been completely overwhelmed and has not been able to respond to the demand. Not a good look.


We are still waiting and have now decided to try a demo account running on our computer; this will not be the best but will let us get familiar with the software. They have instructional videos to help with any problems.


The first step is to sign up with the broker for a demo account. If you are not familiar with this they have a step by step video.  We signed up with the broker they recommended and opened our demo account. Within 12 hours we have had 2 winning trades. We have left all the settings on the default settings but have downloaded their pdf file and will familiarize ourselves with all the details.  At the moment we have a smiling face on our charts (a sign Fap Turbo is working) and we are happy with what is happening. We have created a blog reviewing several forex robot systems and will be updating it regularly. We would welcome any comments.


AS AN UPDATE we have had 3 trades and they have all been winning trades, so yes so far Fap Turbo is doing it right. For more information and updates please check out my squidoo.

(ArticlesBase SC #680808)

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    Comments on this article

    0
    1. masterincombat February 22, 2009
    Hello Sir,

    I have some remarks concerning FAB Turbo.


    1) pc must run 24/7 costs 21$ electricity per week (about 65 $ per month), or 70$ service cost per week so you can switch the pc off and still get trades

    2) 129$ for a license fee. a bit too high

    3) TAX!!!!!!, currency exchange commis, admin costs, helpdesk telephone costs)

    you are already 909$ in loss for the first year, due to the mentioned cost!!!!

    Please let me know if my statements are true. Perhaps you can share more hidden costs that Forex does not reveal in their videos. I did want to buy FABturbo, however I saw your video and I am impressed by your experience, comments and advise not to buy this scam software/service.

    Kind regards,

    Michiel
    1
    2. ramish March 01, 2009
    hey masterincombat i am just like you,skeptical about this.. if you have further information about this program let me know please... romish12@yahoo.com
    we could help each other alot..
    0
    3. Pearly May 22, 2009
    Hello Sir,

    I have some queries..

    I have bought the Fabturbo software.. but later found out that it's too complicated that I do not know how to use, and wanted a refund.. I write in to your helpdesk for a refund, and it's been more than 2weeks, and yet no reply but it's a promised of 60days refund guarantee without any questions and yet nothing is done.

    Please advise what print screen they need for a refund???
    0
    4. DMACMAN June 02, 2009
    I HAVE PURCHASED BUT YET TO START USING LIVE, the cost of using the system is high, but the claim that it cost $21 a week for electricity must be in another country.

    i would love to hear from someone who is making money with the fabturbo on a daily basis before I invest in a live account.
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