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EA Provider Review: KhokonFX

Today I’m looking at a Forex EA provider, that’s currently offering 4 different robots, KhokonFX. I’ll be providing a brief analysis of each of these products, as well as an overview of the developer, and what type of approach they have to the Forex market. They believe that they have developed “the most powerful and more profitable expert advisors ruling the markets right now.” This isn’t the best use of grammar, but I’ll let it go.

The company head offices are located at 406/1,DUET GCC 1700, Joydebpur, Bangladesh. Support can be reached via phone at +88 01971 929396, or email admin@khokonfx.com. They also provide Skype support which can be accessed by adding the khokon691 user to your friends list. The owner and CEO of the service is Lr Khokon, who does have a Facebook, and Twitter account that are in line with the message being put forth. Outside of his own personal pages, he doesn’t have much of a reputation in the Forex market.

KhokonFX Review

The development team behind the KhokonFX products have a very simple mission. They want to “provide the best and fully tested Forex expert advisors and good support for our customers.” They believe that relying on innovative tools, flexibility and accessibility, that they are able to provide this market with exactly what it needs.

There are currently 4 different expert advisors:

  1. Angel EA
  2. Tufan EA
  3. Gangster EA
  4. Trade Manager EA

Normally, I would provide a review for each separate expert advisor, and I may do that in the future, but for now I’ll try to cover each individual product is best that I can. In doing it this way, I’ll be able to make connections between the systems, and really give an overarching view of the entire project.

My interest in this service, comes from a comment made by one of the Forex Robot Nation readers connecting these products to the Forex Profitable EA, which I reviewed a couple of days ago. If this product is created by the same development team, then we should very cautious with how we move forward, because the last system I reviewed had very negative client feedback.

Breakdown

  • Type: Multiple Forex EA’s
  • Price: $49-$999
  • Strategy: Undisclosed
  • Timeframe: M5, M30, H1
  • Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY,
  • GBPUSD, NZDJPY, NZDUSD.

There are really 3 main KhokonFX expert advisors to focus on, the Angel EA, Tufan EA, and Gangster EA. The Trade Manager EA is more of a tool to help manage open positions, so we don’t have to discuss it much during the review.

The others range in price with the most expensive going for $999 for a lifetime license of the Angel virtual money machine. In fact, the price point for all of these systems is quite expensive, with the cheapest license going for $99 per month. At this price, I hope that the developers have some extremely impressive trading results to show us.

Trading Results

Currently, the KhokonFX team are providing us with multiple Myfxbook accounts. At first, these accounts look very impressive, and in line with the amount of money they are charging for their services. However, when you look closer at these accounts, you can see that they have been running for short periods of time, and every single one of them hasn’t been trading in years.

It looks like the developer, Lr Khokon, traded multiple different strategies very aggressively over a short period of time, and then stopped trading abruptly. I’m not sure if the creators of the software were trying to keep these accounts in the positive, or they just gave up on this project altogether. In either scenario, I don’t see how anyone could look at trading results from 2 years ago, and think that that’s worth paying $100 per month to access.

It’s 2018, and the most recent trade from any of these systems was in late September 2016. This is certainly a concern.

Conclusion

I was going to go little more in-depth regarding the KhokonFX managed account services, but after seeing the trading results, I don’t see the point. The creators of this service need to update their trading results, and prove that their trading systems are working in 2018, before I add anything else to this review.

If you have anything you would like to add, please leave your questions and remarks below the article now.

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.

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