FxProud EA is a Forex trading robot which can allegedly help us recover our losses much quicker than any other FX trading robot. It allegedly uses AI technology and the developer is very confident that they have what it takes to make us recover our previous losses. By analyzing the marketing pitch, we get it that the developer is targeting traders who may have lost a lot in the past through some other trading robot that ended up disappointing instead of fulfilling the promise. Although we’ve heard similar promises before, we want to analyze and see whether the team behind FxProud EA can stay ahead of the curve.
Regarding the creators of FxProud EA, they claim that they are a group of experienced traders, analysts and computer programmers with a solid track record in the industry. In addition to this, the developer tells us that they’ve been involved in the financial and investment niche for many years. They claim that in the past few years, they have managed to start many businesses up from the ground.
At this juncture, we need to analyze and see if these claims can be verified because the developer is already giving us so much. They need to verify this information at some point. Unfortunately, none of the info which the developer has published on the sales page can be verified. There are several things which they did not tell us when making these claims. For instance, they forgot to tell us their location and what businesses they started in the past. Furthermore, they don’t even reveal their identities, which we find quite weird because usually a serious developer will either reveal that they are a company or a one-man operation specializing in the development of Forex robots.
Therefore, if you are like us and are wondering why these questions were not properly tackled on the site, you need to get in touch with the admin of the site. To do so, you need to use the contact details on the site.
Note: Here is our list of more stable Forex expert advisors to use.
As usual, the sales page is advertising the benefits and features which are found in this Forex robot. There are 9 features and benefits in total. The first thing that the developer wants us to know is that in the last few years, there have been great advancements in the field of AI and computational power which enables machines to carry out more accurate predictions than human. Therefore, by incorporating the power of artificial intelligence into their Forex robot, they can help provide us with a good Forex robot that can pick the right patterns at all times.
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In addition to this, the developer is giving us so much info in their about us page to the point that it is hard to get convinced since they are not providing us with any links regarding their past work or projects. We generally don’t prefer that a Forex robot developer should be vague when it comes to telling us why we should choose their product over others. We prefer them to be as specific and straight to the point as possible.
This is a big mistake which the developer is making. There are many other developers who have made the same kind of mistake in the past. It is a fate that FxProud EA is suffering and nearly the entire industry is characterized by developers who want to as vague as possible.
FxProud EA is retailing for $299-$399 per license. It trades on the 1 hour time frame. It trades major pairs in the Forex market. As for the strategy being used by the robot, the developer reveals that they are using artificial intelligence in this robot to make it pick the most profitable patterns at all times.
FxProud EA has two plans and users can pick any depending on their needs. Gold license is the cheapest and comes with free updates, 2 licenses and 24/7 customer support. On the other hand, the VIP membership costs $399, 3 licenses, 34/5 remote support and 24/7 email support.
However, buyers must be aware of the fact that this expert advisor has no lifetime licenses. Therefore, if you purchase any of the licenses, you will be expected to renew the license at a cost of between $300 and $400 after 1 year. In addition to this, the developer tells us that every plan comes with a 30 day money back guarantee. We always don’t like the idea of depending on 30 day money back guarantees because problems have always arose in the past when it comes to asking for refunds. Therefore, before you invest in these products, you need to consider the features and the suitability of the software so that once you make a purchase, you will be doing so when you have fully made up your mind.
FxProud EA has trading results which are provided through myfxbook platform. We must say that this is a real verified myfxbook account and the gains are quite impressive. At the time of writing this review, the software had gained slightly over 221% and a draw down of 15% since the month of April 2018. In addition to this, we learned that the robot can work well with multiple pairs as the win rate is at 80% in most cases.
However, we want to mention that in the first two months, the EA tailed off quite dramatically and we are fearing that these results might not be sustained in the long run. While the shaky nature of the curve still showed that the EA was recording positive results, we are not very sure if the EA will achieve its former glory and continue in that tempo.
FxProud EA is a Forex robot with some potential like these highly recommended ones. However, at first it felt like this was like any other vendor in the market place. We only need to watch it for some time.
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