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Forexeasolutions.com Review: Is Night Owl EA Scam?

Forexeasolutions.com Review: Is Night Owl EA Scam?

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Forex EA Solutions famously known as Night Owl EA is a Forex platform that trades at night. The company claim that they sell during the quietest time in the market. Additionally, the use of stop-loss strictly on every trade. The brokerage is guaranteeing a reasonable user amount of return.

It uses TP and SL management to minimize losses. Moreover, they have slippage or spread filters that help them to trade a favorable time and avoid but marketing conditions. The company stated that it has been in the market since 2007.

The brokerage brags that they have been able to accomplish the majority of their milestone. The firm has attained high quality back-test, and their live results can prove how they have been doing in the industry.

Night owl has offer real-time spread random slippage and commission it’s 99% accuracy. The EEA is connected to the investor’s name and can manage the unlimited live account. The company has various currency pairs, including; EURUSD, EURCAD, GBPUSD among others.

The company seems appealing, and she has been in the market for a longer duration. However, there are several drawbacks that we encountered during our review. It would be best if Forex traders would stick to legit Forex trading software that disclose their founders and the team running the operation of an investment platform.

Night Owl EA Review

The company state that they strive to achieve high perfection in their trading activity. Their primary focus is to offer their client automated trading opportunities to attain stable results. The Forex industry has numerous robots or software that keep emerging daily.

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Therefore it has become difficult for traders to choose their ideal trading software. You should realize that not every platform has the best interest for their customers. Some of these firms want to scam as many people as they can and then exit the market.

Forexeasolutions.com Review, Night Owl EA Platform

Night Owl EA proclaims that they are doing well, and anyone who doubts them can look for evidence by checking their real results with various reputable brokers. Their primary focus is to grant their clients an opportunity to enjoy freedom from work and financial freedom when they invest with them.

The trading bot is fully automated and can performed trading activities on its own while achieving favorable returns. The company is perpetually striving to offer better services to all traders.

Forex trading is a risky investment, and it is difficult to predict the returns that you can achieve in a particular duration. However, Forex EA solution assures traders that they will minimize the risks, and one can make the best out of it using their top-notch software.

The firm main goal is to beat the market results by aiming for long term success throughout the year while maintaining a predefined risk level.

How Does Night Owl EA Operate?

The software only trades during a quiet time when the markets are favorable for scalping the system for minor movements in the market. The software also hunts for any significant price fluctuation, which might lead to draw downs and stop losses.

During our research, we could not identify who is the owner of this software. There is no information on their website of the developer who is in charge of their smooth activities. The method they claim to be utilizing is indeed profitable and can come in handy for Forex traders.

However, the main shortcomings with Night Owl EA are the spread price. Nonetheless, they assure traders that their robot can handle the most significant spreads without encountering huge losses. Unfortunately, information is not adequate, and it would be best if Forex EA Solutions would provide more details of their methodology.

The company has provided a trailer of the things that they incorporate in their trading, and this includes maximum slippage, trailing stop loss, maximum spread, time filter, range size, stop loss, take profit, and break-even. The company gives users the Liberty to recommend the features that they would like to be improved.

The EA analysis

The Forex EA solution’s most expensive tool is the EA. The prices are at $290. The amounts can be paid on,monthly basis or in full. You can get the software at $50 in a monthly subscription; for three months you can pay $100 and $150 for six months. Still the price is too high and not all traders can afford it. The company also has a demo account which their client can use to familiarize themselves with the bot.

The first EA was developed in 2017, which was later upgraded in 2018 since then they have not been any updates on the software which is a significant concern. Usually you will find that legit Forex trading software will always make sure they keep upgrading their bots to ensure they increase on performance.

Night Owl EA trading performance

Night Owl EA is bragging of having a tremendous result in Forex trading. They have numerous back-test that showcases their results from 2014 to 2017. If you take a look and their performance, you know that they have been doing well.

Unfortunately, what matters is how they are doing in the market, and it would be best if they provided the Myfxbook results. Additionally, MQL5 is an effective method that can display how Forex EA Solutions is performing in the industry.

Contacts Details and Regulation

The company that oversees the operation of Night Owl EA is Network Solution Limited. The company is privately registered, and we could not find much information regarding the same.

We were surprised to find that Forex EA Solutions does not feature their contact details. They did not reveal their actual location or feature an email or telephone number that you can use to reach them.

Such anonymity is not something that is valued when it comes to online investment. If you have any query, you will have to fill out a contact form and wait for the company to reach you.

We cannot comment on the response rate since we did not encounter any complaints on the same. However, it would have been better if they offered a telephone number that could ease communication between them and their clients.

Additionally, the matter regarding their legitimacy, the company is operating illegally. They have no registration or regulation documents that can show they are legally conducting their investment venture.

The safety of your funds is not guaranteed in night owls EA. Hence, there is a need to approach with caution when investing with them. Without being monitored, they can exit the market whenever they please without being traced by any regulatory body.

Users feedback

Night Owl has mixed reactions from those who have engaged with them. During our research, we encountered both positive and negative reviews. The majority of those testimonials show that the software is indeed performing. However, other client accused the Forex software of frequently losing.

What you should look for on those testimonials is if there are proof of payment or screenshots that can be used to a test to their claims.

Final verdict

Night Owl EA has excellent features, and they can lure many investors in their company. However, they are specific criteria that they have not met. Therefore, it will be hard for us to recommend their services to investors.

They did not feature information regarding their licensing status. Additionally, they don’t have contacts that you can use to reach them. We would urge our readers to trade using reputable Forex software that has proven their legitimacy and is more transparent In their trading activities.

 

 

 

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