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FX Ekspert Moving Average EA Review: Analysis and Scam Check

FX Ekspert Moving Average EA Review: Analysis and Scam Check

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The developers of FX Ekspert Moving Average EA claim that they have the best Forex robot on the internet since it uses a unique trading algorithm. One of the most important element of the FX Ekspert Moving Average EA is that it lets users choose multiple risk profiles so that they can modify their risk reward ratio which is according to their style of trading. If you have been wanting to use this Forex expert advisor for a long time, this is the time to read our in depth analysis of the Forex robot because we are going to explore the depths of this product and even tell you whether or not it is the best Forex robot to use.

Unfortunately, this vendor is quite economical with information. They do not tell us who they are, what their trading experience is and many other things that can obviously help us describe them better. That means we have to look them up elsewhere on the internet. This forced us to look up the domain details on who.is where we discovered that the site is hosted at Harjumaa, which is located in Northern Estonia.

In order to keep in touch with this developer, traders can send them an email to [email protected] We do not know for what reasons they are using a free email service when they should be using a professional one that is attached to their domain. All in all, this is not very important in our analysis because all we are concerned with is the trading results of this EA, not the manner in which we can communicate with them.

In case you want to get started with a good Forex robot right away, our advice is that you should explore what we have for you in this list of Forex robots. 

FX Ekspert Moving Average EA review

The first thing that this developer wants us to be aware of is that their product is compatible with all Forex brokerage in the market. In other words, they want us to know that the FX Ekspert Moving Average EA does not rely on spread conditions to be successful or to fail and that it can work on any MT4 platform regardless of the broker you are using.

We appreciate this clarity because most developers just create Forex robots that are broker dependent. When you purchase Forex robots from these developers, you are forced to change your broker or even go with the broker that is recommended by the developer. This can be inconveniencing.

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FX-Ekspert-Moving-Average-EA

The developer does not tell us what type of trading strategy this expert advisor uses. They are quite economical with this information as well. They just tell us that their robot is using a unique algorithm to trade the Forex market place. This is a very bad way of presenting a Forex robot to the trading community in general. The developer is simply hiding behind a veil of poor information for reasons that are best know to them. But honestly it is not the best way to explain to potential buyers what this robot can do.

The only information we have about the FX Ekspert Moving Average EA is that it was designed with an automatic lot risk calculator and the ability to let traders choose between different risk profiles. There are 3 risk profiles in total and according to the developer, the lowest risk profile will earn us a monthly ROI of 20%. The middle risk profile earns us 30% a month while the highest risk profile is supposed to give us 40% a month. We’d like to bring to your attention that none of these numbers have been verified either. This is a bad thing indeed and it is counting against the developer.

Lack of information is something that has plagued many robots which we have reviewed here before. The most recent issue was with the Forex Gump EA where we noticed that the developer wasn’t giving us any sufficient information to help with the understanding of how the product works.

FX Ekspert Moving Average EA breakdown

There are a range of Forex pairs that can be tackled by this EA. These include  AUDCHF, AUDJPY, AUDNZD, EURCAD, EURCHF, EURGBP, NZDCAD, NZDCHF and USDCAD.

The price for a license is $199. The trading strategy has not been disclosed. However, we just discovered that the robot was trading the 30 min time frame. Therefore, if you pay this price, you gain access to the FX Ekspert Moving Average EA and you also get to enjoy 1 live account and unlimited demos, free lifetime updates and a 60 day money back guarantee.

The developer is also letting us know that $199 is not the usual price because they usually sell it for $399. So this is supposed to be a limited time discount and we should take advantage of it right away. Before we can shell those bucks however, we need to consider a few things first.

Trading results

Trading results are a good way of showing us whether the robot in question is worth the price or not. The developer has 1 myfxbook account where they are showing us their trading results since May 2018.

It is important to understand that this is a real myfxbook account with a gain of 120% but with a very high draw down of 70%. Another important thing to consider is that the FX Ekspert Moving Average EA has not traded since September 13 and the developer is not providing us with any explanation to say why.

Generally, this draw down is extremely high and we are afraid that we might loss all our money if one or two trades go wrong.

Our best advice for you

The developer of FX Ekspert Moving Average EA is simply not providing us with the kind of transparency that we deserve. This is very important and we wonder how they can sell the robot if they are not telling us the things we are looking for. While we end this review, we have more questions than even when we started. Stick to these robots instead.

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