After a change of their website, users can get TSFX EA via the forex store. The product was previously purchased on its website Tsfx.online, but the site is down. What is interesting with this app is that it uses the Martingale strategy. The strategy is known to blow up accounts at any given time. With a risky strategy, we had to conduct a thorough Testosterone Forex review. What we found out from the platform is worth sharing with investors. Continue reading to find out more.
In their description, the vendor claims that TSFX EA is a mathematical two-martingale algorithm. It has the logic of closing orders from the established risk and available account balance. The vendor goes ahead and claims that a strategy development team is incorporated in the EA. There is a painless exit from drawdown according to the vendor with internal martingale operating to maximize profits. These are developers who have trading knowledge, and the question is whether the robot performs.
Smart investors want a platform that works effectively and efficiently. The investor wants a robot that guarantees safety for their investments at all times. And this is why users have to go for credible bots at all times. These bots offer security for assets and have a robust online presence. Thanks to their user base, these robots are a favorite among all classes of investors. It is what every investor should look out for when trading. Make the right decision and go for transparent robots with years of trading experience.
Roberto, who is a trader in Spain, used the TS FX EA robot and is now enraged with the robot. He claims that a bunch of scammers operates the robot. As we stated earlier, the strategy used in this robot is not reputable. The chance of the robot blowing up your account balance is higher than actually winning. And this is the scenario Roberto is facing as his account balance is zero. In less than a month, he invested the minimum deposit of $5,000 and lost it all.
When it comes to the information on the assets covered, the vendor is silent. The vendor does not indicate which is the best asset the robot works on. And this is a huge problem, especially for newbie traders. Those that don’t know much about currency pairs will blindly purchase the program. It is best to use apps that are clear on the available trading instruments. We feel that this is the responsibility of the vendor. Vendors should have informed Roberto and other users of the best currency pairs to trade with.
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Apart from Roberto’s comments, we have yet to receive any complaints from other sources. The platform does not have any positive reviews as yet from other users. We expected the robot to have a strong user base based on its online presence. A look at most trading forums shows that the platform is not able to gain any traction. There has been no chatter from users that the robot works. And this is a massive problem as it means the community did not receive the app with open arms.
There is little to no information on who operates and runs the platform. And this is a huge problem because they have a substantial minimum deposit. It is best to know who is handling your funds at all times. Transparency is a huge deal when it comes to online trading. Roberto has no way of recovering the funds as the vendor is out of reach. It means that the robot is led by an anonymous vendor, which is a big problem. With anonymity comes uncertainty.
Tsfx.online went live on 6th November 2016, and their servers are located in Singapore. With most vendors being close to their vendors, we have an idea of where the platform is based. The platform owners are most likely in Asia with no exact position. With the site down, we noticed that there had been one change in their IP address. The change means there are two unique name servers over the past two years. What it means is that the vendor is probably going to sell the site to another vendor. The new vendor will likely peddle other lame forex products.
Tsfx EA is only used on MT4 trading platforms with a minimum lot of 0.01. Leverage of 1:500 has been set by the vendor. There are automatic risk adjustments from total assets, and brokers must allow hedging in current accounts. The vendor claims installation is quick, and users have to follow simple steps. Another notable feature is the number of simultaneously open transactions is not less than thirty. Users should also use a VPS provider for efficient trading services.
TSFX EA is not yet licensed or registered by any regulatory body. With Roberto being one victim, we checked with various regulatory bodies in Europe. Most of these regulators have not listed the bot as compliant, which means trouble for users. Without a valid trading license, it means that users are risking more than necessary. The vendor is not able to offer insurance cover for deposits made. And this is a problem that the vendor must work on and become industry compliant.
Robots that fail to have a valid license will most likely lose your money. There is no money-back guarantee with the platform, which is a huge problem. These robots must inform users of their license status. The vendor does no such thing as the entire robot has no permit details. Once you deposit funds with the robot, chances are there is no recovering them after a dispute. The vendor will likely shut down your account and move on to the next victim. Smart investors go for authentic forex trading robots that offer protection.
TSFX EA offers users two packages to choose from. The Basic package goes for $249 while the Full package is retailing at $499. Investors should note that the robot has a minimum required deposit of $5,000, which is on the extreme side. The industry has set $250 as the required minimum deposit for trading. Why the platform is asking for a considerable chunk from investors is beyond us. And this points to a vendor who is planning to steal from users. Investors should use expert-recommended robots that are affordable and follow industry regulations.
For those who want to make contact with the vendor, this is not going to happen. The vendor knows they are breaking industry rules with this program. It is why they want to keep their identity away from it. One way of trying to communicate with the vendor is by messaging them via myfxbook account.
With a single myfxbook trading performance, this is the only legit feature. The updates are made quite often, but this should not be a valid reason to start trading. Based on what we’ve seen, the developer could as well be falsely updating their performance. There is no user feedback to suggest that the robot works. It seems that the robot is only making wins and no losses, which are weird.
TSFX EA is using a strategy that will easily blow up your account. The vendor has produced verified results, but the strategy used is risky and not recommended. It would be best if the program used a safer strategy than a risk it all move.
With the martingale strategy, we are not a big fan of it. We won’t be recommending the use of this robot. For those who want to use the robot, go ahead, and share your experience with us.
Other investors should go for expert-backed robots that offer transparent services. These robots are a gem when it comes to online trading. Thanks to having a barrage of followers, the apps have proved to be safe. The robots protect your investment at all times. Go for affordable robots that have the backing of trading experts.
Our team wishes everyone a safe trading experience.
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