Simon Reed is a former Forex trading expert. Allegedly, he is also the creator of a piece of Forex trading software he has been working on for over a decade. It is called Fx-Sniper and now it is available on the market for all the people who are willing to deal with online investing.

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We decided to fully inspect analyze and evaluate the trading performance of the platform in order to provide readers with the most objective and accurate information about it. Due to the fact we couldn’t find any reliable and authentic data about this system, we would like to advise our users to Proceed to Safe Robot  and not sign up in it. There is a high possibility for it to be a scam but not a legit online investing robot. For more details, you should read the whole scam review we created.

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Basic Information:

  • Software: Automated Forex Trading System
  • Max Returns: $300 per day
  • Min Deposit: $250


  • Browser-Based


  • Non-Existent Creator
  • Low Success Rate
  • Negative User Feedback

Top10BinaryDemo Verdict

Not Reliable Service

What is FX Sniper Software?

The FXSniper software allegedly uses some complicated mathematical equations to determine the absolute best trades on the market. It is said to use decades of data – more than anyone human could ever analyze in their entire lives, but this software is expected to plows through the data in a split of a second. Then, it automatically places trades which are supposed to be profitable. As Mr. Reed says, he has managed to find a secret loophole in the Forex market and take advantage of it. Still, we are skeptical about that because there have been many other systems claiming to use this so-called “loophole” but none of them was actually reliable. So, at least for now, we are not going to give trust to these promises as there is no proof that they are real and substantial.


How to Start with FXSniper System?

Everyone who has interest in dealing with this Forex trading system should complete a few steps in order to get their personal account. First, you have to fill in the provided web form. Then, you will be sent to a broker’s page where you will have to invest at least $250 to fund your account. Finally, you can enable the autopilot trading mode and hope to earn some profits. The interface of the platform is actually user-friendly. However, there are no customizable settings nor any features traders can use in order to improve their trading experience.

FXSNiper – A Scam or Legit Software?

Taking into consideration everything we found out about this Forex trading software, we can say that in our professional opinion it is not reliable, at all. First of all, the creator is not a real person. We tried to find any possible information about a Forex expert called Simon Reed, but we couldn’t. There is just not such a person. Also, the available feedback consisting of former users’ reports is all negative. People are complaining about the platform and the fact that they have lost all their invested funds thanks to the fact the software was not properly working. So, we would like to advise all traders to find a truly legit and reliable system to work with. For example, you can check the HBSwiss trading system. It is absolutely professional, powerful and really successful trading solution.

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Final Thoughts

These days, most of the newly launched online investing products fail to deliver any profitable results to their members. Sadly, FXSniper is another disappointing software. It is absolutely scam and bogus as nothing which is said about it is actually true. The testimonials are fake, the creator is fake, the profits are fake. Therefore, everyone should stay away from this system and not work with it.


t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on FX Sniper to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if FX Sniper is generating high profits. We found many reasons that made us suspicious about this robot being a scam.


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I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.

Latest posts by David (see all)

1. A Forex Trading System Based on a Genetic Algorithm – (Mendes, L., Godinho, P. & Dias, J. J Heuristics; Journal of Heuristics; August 2012; Volume 18; Issue 4; pp 627–656)

2. Financial Market Transaction Device and Method of Use – (Robert McLister; 2001)