Forex21 Review: is a Scam?

Forex21 Review: is a Scam?

Share This!

Forex21 are offering two expert advisors which are based on momentum and price action trading. The algorithms of these two Forex robots are monitoring and analyzing market conditions on multiple time frames to see whether good risk to reward ratios can be identified.

However, it appears that Forex Force EA excludes certain features that come with the ProFX 5.0. For instance, Forex21 tells us that ProFX 5.0 is equipped with adaptive money and take profit/stop loss management but does not say the same concerning the Forex Force EA.

Click this link to go to our highly recommended Forex trading robots page.

Despite existing for many years now, Forex 21 does not disclose critical information about their operation. For instance, we cannot find out the name of the person behind the Forex21 website, their trading experience or even their location.

They only tell us that they are real professional traders who will help us with useful trading insights if we purchase a license for any of their Forex expert advisors.

? Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by


Forex Force EA Review

The software utilizes multiple algorithms to ensure that it adapts itself to current market conditions, and is available on sale for the next few days. In our review today, we’ll let you know if this is ready for the public, and the next steps we should take in order to increase our account profitability.

The EA is owned and operated by Forex21, a trading company that has been promoting different trading systems for 9 years. There is no information about their headquarter location, but they can be contacted via email at [email protected], or Skype: forex_21. Their business hours are Monday – Thursday, 8AM to 4PM, and Friday 8AM to 2PM.

Now on version 2.0, the Forex Force EA is using not only price action and momentum, but also volume in order to influence the robot’s decision-making process, and ensure more accurate entries. The EA utilizes an algorithm that “monitors and analyze multiple time frame simultaneously and executes trades only when the risk reward ratio is favorable.” It isn’t disclosed what the developers are looking for by analyzing multiple time frames, but they do believe that this approach helps them maintain consistent returns in different market conditions.


The system is also built to modify current trades as it analyzes the market it places “new trades including stop loss and take profit orders, adjusting trailing stops, close positions partially, calculating the optimal life-size, send informal notifications to your smart phone, make consistent profits and above all protect your account equity.” That’s a bit of a mouthful, but the developers are essentially telling us that when a trade is active, it is not finished, as the robot will look to modify and make changes to existing open orders.

This type of adaptability isn’t proven, but it’s good to see developers test new methods, and approaches, which we’ve seen in recent reviews of FX-Orbital, Exreign, and Quivo FX.


  • Type: Forex Robot
  • Price: $199-$299
  • Strategy: Price Action, Momentum, Volume
  • Timeframe: Undisclosed
  • Pairs: EURUSD


For traders interested in signing up with the Forex Force EA 2.0 system, there is one option available, which is going for $199. The Forex21 team does not tell us how many licenses come with this package, so we don’t know how many live/demo accounts we can run. This is basic information provided by every EA vendor, so I’m surprised that it’s not readily available to us.

After purchasing, traders get access to the trading system, adaptive set files, documentation, free updates and 24/7 support.

Trading Results for Forex21

Forex21 is currently providing us with two Myfxbook accounts, showing us the performance of the Forex Force EA on demo with FXDD and Capital City brokerages. The FXDD account is showing again of 86%, with a drawdown of 36%, and the Capital City account is showing a gain of 106%, with a very low drawdown of 4%. Both of the accounts are trading similarly, but it’s difficult to gauge exactly how the Capital City account is trading, because the majority of trading activity statistics are all locked.


As for the FXDD account, it gained over 89% in June, and is showing a small loss of just under 2% in July. We are looking at a very small sample size currently, and I would like to see how the software performs over a much longer period of time. The EA seems to operate with a hard stop loss of 50 pips, while the take profit ranges anywhere from 50 to 174 pips, which is a solid risk to reward ratio.


In our research, we have also come across one live trading account, which is being run by a Forex Force client, Aymabtu. This account has been running since early June, and is showing an overall loss of just over 5%. We are not sure if this client is running the software properly, or if the EA performs worse on live accounts, but this account is certainly worth analyzing, as client accounts frequently tell a more transparent story.


Forex21 background

With over 9 years of experience in the Forex marketplace, this developer has released quite a few systems over the years. They are behind ProFx, Forex Insider, FxPulse, Shark, Sigma, Griffin, and others. The majority of these systems are no longer available, but they do seem to provide a high level of support, and treat their clients pretty well. They currently have a 3.2 star rating on FPA, which is pretty solid, as we find anything above 3 stars to be reputable.


Our best advice for you

As of right now, I’m not going to be recommending the Forex Force EA 2.0 by the Forex21 development team. I’m impressed by their sales page, and I’m happy that they are running multiple Myfxbook accounts. Yet, the sample size is still very small, and the one client account is not performing up to expectations. So, let’s give it a few months, and see how this continues to perform, before we make any final judgement.

Thanks for stopping by, and please leave a comment with your experiences, so we get a better understanding of how the software is performing. Don’t forget to check out this page for our recommendations.

If You'd Like to Get Notified When This Site is Updated, Subscribe Below...

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining

Binary Option Scams, Warnings, Reviews & Updates...


Popular Articles

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons