Forexobot software kept losing trades on purpose and blocked my remaining balance

I am leaving this testimony here because I want to warn other algorithmic traders about the automated systems running on Forexobot.

I was drawn into forexobot.com after watching a series of heavily promoted video tutorials showcasing their proprietary automated grid trading software pulling in consistent daily returns on major currency crosses. The onboarding interface was slick, and linking my account data felt completely straightforward.

Everything changed the moment I adjusted my risk parameters to initiate a standard payout on my accumulated earnings. The software suddenly went rogue, executing an endless stream of highly irrational, high-lot positions during low-liquidity sessions that completely drained over half of my available capital within hours.

When I scrambled to disconnect the automated API access and withdraw the remaining balance, the user panel locked me out with a persistent database connection error. The UK's FCA literally just dropped an official warning notice against them for executing financial services without legal authorization. They deliberately program their automated configurations to trash consumer accounts the second a withdrawal flag is raised to ensure no one leaves with profit.