FAP Winner Review

Overview 

The FAP Winner forex trading community purports to offer everything the elite forex trader might need, no matter what level of experience they currently have. The general idea behind joining a group like this is to gain the support and techniques you need to become a better and more sophisticated trader.

The President, CEO, powerhouse and chief consultant behind this growing online community is Charles A. Floyd II. Although finding any independently-verified information on his background has proved challenging, Charles claims to be a professional forex trader with more than 20 years of experience in trading.

Charles was also apparently once the asset manager of Marcus Leary, a developer behind Forex AutoPilot and now FAP Turbo. In addition, he founded FAPUG, a non-profit Yahoo users group centered on the Forex AutoPilot or FAP automated trading software. He also started the Golden Grid managed forex trading account service.

In addition to having developed his own Expert Advisors (EAs), Charles came up with the F.A.P.T.S. (Forex AutoPilot Trading Strategy) which he developed as his own personal way of trading using the FAP EA. F.A.P.T.S. provides the basic trading plan elements, including goal-setting and money management, which can contribute substantially to the overall success of a trading business. In addition, it offers Charles’ own optimized FAP settings.

Furthermore, in case you think it would really benefit your forex trading business to obtain the consultation of a forex trading expert, you can even pay thousands of dollars for a private, day-long consulting and training session with Charles himself. He will then personally teach you the insider’s way of using fundamental and technical analysis, money and risk management, and a variety of trading strategies. Once that is covered, he will create a personalized trading plan for you to use.

With respect to the other products and services offered with the membership, the main product offering is a working copy of the Forex AutoPilot or FAP EA software that runs on the MetaTrader 4 forex trading platform. Nevertheless, most people considering purchasing an EA would probably buy the FAP Turbo EA these days, the successor to FAP, so this freebie does not present much of an incentive to pay the rather stiff fees required to sign up.

On the subject of FAPWinner’s user ratings at ForexPeaceArmy, the online community received a medium-level ranking of over three and a half stars from 26 reviews posted on the site. A number of users of the subscription service wrote reviews praising Charles and his willingness to help others develop their forex trading skills on a personal level.

Nevertheless, some expressed concerns over the trades in his public account showing some possible irregularities, including manual intervention in what was supposed to have been an automatically-traded account. Others claimed he was just making money off of other people’s ignorance and greed, rather than from his trading, like too many others selling forex products online seem to be these days.

FAP Winner therefore seems to have some issues among its users, even though some reviewers insist the service has value and even claim that its now-obsolete trading robot has had some success in trading. Well, even a coin toss can generate profitable trades sometimes. Anyway, the following information about FAP Winner comes from what has been gleaned from various Internet resources, including its website.

Facts About FAP Winner

Product Type: Online Subscription Trading Community.
Vendor Site: www.fapwinner.com and www.fap-winner.com
Cost: One-time fee varies with membership level.
Guarantee: 60-day, no-risk, 100% money-back guarantee on Clickbank purchases.
Payments and Refunds: Memberships are paid for and refunded via Clickbank.
Payment for other services is made via Paypal, credit card or bank account.

What You Get With the FAP Winner Trading Community Subscription

• Silver: $199
• • FAPTurbo optimized settings and support.
  • Personalized trading plan.
  • Email support for Forex AutoPilot and FAPTurbo EAs.
  • Access to weekly mentoring sessions with Charles A. Floyd II.
  • Access to all discussion forums.
  • Lifetime membership.

• Gold: $399
• • All the features of the Silver Membership.
  • Support via live chat.

• Supreme/Platinum: $599
• • All the features of the Gold Membership.
  • FAP Winner Scalper Expert Advisor software.
  • Exclusive telephone support.
  • Access to appointment calendar.
  • Remote access support.

• Monthly Payments: $99 + $49.95/month for 1 year.
• • Full Supreme Membership and privileges.

• One or Two MetaTrader 4 Expert Advisors (EAs):
• • FAP (Forex AutoPilot) EA (all memberships).
  • FAP Winner Scalper EA (just Platinum members).

• Other Services:
• • EA installation and troubleshooting - $99 per issue.
  • Private consulting with Charles A. Floyd II.- $3,000/8 hours

FAP Winner Characteristics

• Online forex trading community and discussion forums.
• Something for all trader experience levels.
• Provides forex robot software, settings and support.

Pros and Cons of FAP Winner

Pros:

• Get better settings and support for the FAP and FAPTurbo EAs
• Join an active and dedicated online forex community.
• Mentoring and coaching classes for forex traders.
• Exclusive access to Member’s website area for downloads, reviews and documentation.
• Access to active forex discussion forums.
• Live chat with other forex traders.
• Webinars with over 20-year forex trading veteran Charles A. Floyd II.
• In-person seminars and monthly consulting sessions.
• Robots do all the decision-making and trading for you automatically.
• MetaTrader 4 compatible EA software provided.
• Large and dedicated membership base improves discussion quality.

Cons:

• High membership fees given that free discussion forums are available online.
• FAP Turbo and FAP should already provide good customer and technical support.
• The included FAP EA has been largely replaced by FAP Turbo.
• The FAP EA only runs on EUR/USD in a 1 minute time frame.
• The FAP EA lacks a hard stop loss risk management feature.
• The FAP EA has poor risk/reward settings that may lead to large draw downs.

Conclusion

Overall, this service comes across as a little pricey for what you get. The FAP EA is pretty much obsolete, even with Charles’ F.A.P.T.S. trade plan enhancement, and frankly, the FAP Turbo EA vendors should really be supporting their own product. Furthermore, plenty of free online discussion forums also cover FAP and FAP Turbo, so why pay for that?

Nevertheless, if you feel the need to spend some money to hang out with the in-crowd, then perhaps this “elite” online forex trading club could be just right for you. Also, since the website offers a refund on memberships within 60 days of signing up, it might be worth checking it out to see if you can find the sort of value in its services that its price demands. If not, you can always just get your Clickbank refund.

Visit the official FAP Winner website for more info.