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Best FX Tools Review (Robots & Indicators)

Best FX Tools is a new software provider focused on offering both automated Forex robots and Forex indicators. The developers feel that in using the MQL language that they can take advantage of “modern data analysis, interesting presentation of information as well as the possibility of making Forex transactions easily.” They feel that using each of these elements in conjunction with their experience in the Forex market, makes them the perfect team to help traders grow their accounts.

Started in 2014, this developer is yet to generate overwhelming interest in the Forex market. Despite being around for 6 years, we’ve actually just first heard of them in the last few days. It’s unsure why they’ve yet to breakthrough.

They do not provide any information about who they are or where they are located, but based on their server location, Poland is a good guess. They should provide more detail about these aspects to solidify more trust with the community. In order to get in touch with support, traders can email info@bestfxtools.com Monday to Friday between 10:00-22:00. They do not mention any timezone for this time frame for contact.

Best FX Tools Review

The developers of the Best FX Tools systems want to give traders access to professional programs that will help them increase their profits. They believe that their software innovation, and passion, combined with professional programming knowledge sets them apart. This in conjunction with understanding datasets, providing professional support and automating the trading process are just a few of the reasons they feel their software is a level above their competitors.

They also offer free Forex robots and free Forex indicators so traders can test out their development skills before purchasing. This is a great way to see if their approach to the markets is suitable with your trading style, before spending any money. We definitely recommend taking advantage of this, because you will be able to tell a lot from their free systems.

Trading Strategy

There are 16 systems in total, 8 robots and 8 indicators, which makes analyzing the strategy of the Best FX Tools difficult. Yet, this really isn’t the case, because the vendors provide very little information about the trading strategy in general. Each product, whether a robot or an indicator has a very short description, which doesn’t go into any real detail about the methodology of the product.

Generally, the best Forex robots, and best Forex indicators, provide much more information about their trading approach. We expect much more from a professional vendor like this one. Telling us a few of the different parameters available, and recommending a few pairs isn’t enough to compete.

Analysis

  • Type: Forex Robot & Forex Indicators
  • Price: $39-$229
  • Strategy: Multiple
  • Products: 16
  • Founded: 2016
  • Location: Poland

For traders interested in the Best FX Tools service, the products can be purchased anywhere from $39 to $229. The indicators range from $39 to $109, while the expert advisors range from $99 to $229. This price point is accurate, and in line with the market values of most robots and indicators.

Client Feedback

Despite being around for 4 years, there is very little client feedback available. That being said, there is one negative review available from a client claming to be “ripped off & abused by bestfxtools.com.” Considering this is the only review available, we don’t want to put too much faith into it, but it is quite detailed, as you can see below.

Trading Results

The vendor shows screenshots of Myfxbook accounts, and they appear to have a Myfxbook profile, but there are no Best FX Tools systems active.

So, at this point in time, it appears that the vendor doesn’t have any verified trading results to prove their claims. At some point they must have, unless they are simply stealing the Myfxbook images from other trading accounts. If this is the case, we would have to recommend traders to stay away, but we aren’t sure of this just yet.

Either way, the vendor needs to add trading results desperately if they want to compete in this market, or slash their prices to cost pennies on the dollar.

Conclusion

The Best FX Tools website is professional, but lacking in the most important areas. They do not provide any detail about their trading strategy, and fail to provide any verified trading results despite showing Myfxbook images on each sales page. Both of these aspects needs to be resolved before we can consider recommending this service provider to any of our readers.

If you have anything you would like to add to the review, now would be the time.

Best FX Tools $39-$229
  • Price
  • Strategy
  • Results
  • Feedback
  • Support

Summary

Best FX Tools is a Forex robot and Forex indicator provider with affordable trading options.

Overall
2.3
Comments Rating 0 (0 reviews)

Pros

Multiple options
Clean website design
Low pricing

Cons

Little strategy insight
No verified trading results
Negative client feedback

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

4 comments

  1. Their EA-TRX works well and is profitable. However, watch the settings EA scalper was not profitable – with my brokers. Beware, the prices they quote on their website are ONLY for yearly licenses – they don’t clarify that up front. They respond rapidly to emails. At times, they can be somewhat rude, but, I think this is a reflection of the language difference – they tend to use the imperative tone. You have to buy a separate license for a demo system, it is not included.

  2. Hello.
    Scam. ..

  3. Best FX Tools offer very good tools, I user since 7 months.

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