The creators of Pro FX EA (profxea.com) tell us that their Forex robot was built in order to find the best entry and exit so that traders can enjoy more profits. The system was created to work on the MT4 trading platform and according to the vendor, Pro FX EA is optimized with the default settings to provide long term stability and power. As it stands, we have no information about where the vendor is located, or what type of trading history day In the Forex market. These details are not provided by the vendor, which is certainly an oversight, and something they should add to their website. If you would like to contribute to the review, please email [email protected], and ask them about this information, and relay it back to us. As, they have yet to respond to our email requests.
In the meantime, we are recommending these Forex trading resources because they have been proven to work well in the long term. If you want stable results as a trader, those trading products will definitely suit your purpose.
There are a few things that the Pro FX EA vendor wants the community to know about their trading system. They want traders to be aware that their robot is fully compatible with all MT4 brokers, and that it can work with any timeframe or pair. They believe that this in conjunction with their plan for long-term stability is the perfect combination for a long-term winner.
Other aspects included in the sales page, is that the vendor provides 24/7 support and a 30 day money back guarantee.Outside of these few aspects, the vendor provides very little detail or substance about their trading approach, or overall expert advisor methodology. In order to qualify, or be considered for the best Forex robot title, they need to provide much more information about their service. We understand that they are trying to keep it simple and quick, but this isn’t what the Forex robot market demands. Traders in this market want to know as much as possible about a trading system, before they consider it a real investment opportunity. We have to agree, which is why we demand more from the marketplace, as you can see in our recent reviews of Forex InControl Reborn, and TraBot.
The developer has not disclosed the strategy behind this Forex robot’s way of working. However, the price of a license can be anywhere between $299-$499. The robot can trade any pair in any time frame as well. The Pro FX EA service has 3 different pricing packages, starter, standard and advanced. All of these plans are essentially the same, as they give traders access to the software, and 24/7 support. The only difference, is that the starter plan costs $299 per year, where is the standard an advanced plans have no expiration time. So, realistically you want to utilize the software, you are looking at $400 for a lifetime license of a single account. Considering the lack of information and detail about the software, the price does come across as pretty steep.
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The majority of the Pro FX EA website is dedicated to their trading results, but none of the results that they provide are verified or proven. They show us a couple of videos and screenshots of back tests, but none of these results are convincing, especially when you compare them to the competitors in the market that offer Myfxbook results.
The videos provided show the expert advisor trading in the MT4 platform for about a minute and a half each and go through some of the latest trading results. In the video, we can’t tell if it’s a live or demo account, and the results they show us are from a single month of trading, so it’s really not even a worthwhile sample size to analyze. It’s also worth noting, that the results they are showing us are from 2018, and they have provided us no results from 2019.
If they claim that Pro FX EA was built with long term stability in mind, they should be able to show us the latest performance results of the expert advisor. It is worth seeing this proof for the sake of transparency and accountability but unfortunately the creator of the robot is lacking in this area.
We love to hear what previous users say about a product or a service before we can give any ratings. So for the sake of clarity, we will go ahead and quote some feedback which we found on one of the popular Forex trading forums called FPA.
”This might be good for people that like to create orders themselves with the help of indicators however if something goes wrong then support is extremely poor. If for some unknown reason the EA discontinues working it will be difficult to make any progress toward getting it to work properly because the support seems to be run by amateurs that have no intuition one expects from a technical support team … 7 year old students from my local primary school could do a better job.”
”I recently used Pro-Fx-Experts to build me a non standard EA and Nico did a great job! He was fast, he was accurate and he gave me a great price. He responded to my emails promptly. He worked with me professionally and patiently as I went through several revisions to develop the EA. Prior to using this company I worked with BJF Trading Group who did a good job at developing an indicator for me but they were pricey and worked slower than Pro-Fx-Experts. They were also not as responsive to emails as Pro-FX-Experts, taking an entire day to several days just to answer basic questions.”
There are contradicting opinion regarding this EA but the main reason why we will not include it in the most popular list is because they don’t have transparent results.
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