Forex Fastron is a new expert advisor promising a brilliant automated trading experience that help traders navigate the markets like a professional. The creators believe that they’ve created a software with cutting edge technology and advanced features that will help their clients “get consistent results in the form of higher profits.” Today we will be providing a review, and letting you know if this trading software is a viable investment opportunity or not.
It is unclear who the developers of this software are. Sadly, they don’t provide us with any information about who they are, or the type of trading experience they had the Forex market. Our additional research shows that they are located in Singapore, and that they are the same group behind the FX Flight Pro software. Though, we aren’t sure this is a good thing because the only comment on our website about the FX Flight Pro, is that it’s a scam, and that it’s a direct copy of a free martingale software. The vendor should certainly be responding to these comments and providing more transparency in general so that we don’t have to do additional research to find out who they are.
In order to get in touch with support, traders can fill out a contact form on the website.
Forex Fastron Review
Our first impression of the Forex Fastron isn’t very positive. We are obviously concerned about their history in the market, and it doesn’t help that the website isn’t very well put together either. The vendor provides very little information about the service, which could be because they speak English as a second language, but we don’t see this as a valid excuse. If they don’t have the ability to reach out to the market in English, they should have the foresight to hire a copywriter or translator to put forth their message in a proper manner.
Vendors need to understand that the Forex robot marketplace is filled with educated traders looking for real insight. In order to qualify as a best Forex robot in 2020, vendors need to do much more than provide a couple of sentences, as the expectations of the market are higher than they used to be.
The Forex Fastron team claims that the strategy is built “with several sets of indicators, which help convert whenever the market will flip.” We aren’t exactly sure what this means because it isn’t worded properly. They also mentioned that the strategy uses entries based on standard meta-trader indicators in combination with other various strategies. Yet, none of this information elaborated in any way or really helps provide any real insight.
There are multiple mentions of advanced features, but none of these features are discussed or elaborated on. They do tell us that the software is not sensitive to quotes, spreads or swaps which is a plus, but based on the information being provided it’s very difficult to believe that this is a viable system.
Type: Forex Robot
Strategy: Indicator Based
Timeframe: M15, M30, H1
Pairs: AUDUSD, EURGBP, EURUSD, GBPUSD, USDCAD, USDCHF
For traders interested in the Forex Fastron, it’s price ranges from $199-$419, depending on the package. There are 3 packages available, the basic package for $199, the premium package for $299, and the unlimited package for $419. All the packages come with the software, a single demo account, free updates and 24/7 support. The only difference in the packages, is the amount of licenses each contains. The basic package comes with 2 live licenses, the premium package comes with 4 live licenses, and the unlimited package comes with unlimited licenses as to be expected.
Providing untlimited licenses is incredibly rare, as you can see in our recent reviews of XFX Hunter EA by ProjectXFX and PipBolt.
As this software is new, there is no client feedback yet. Though, it is worth noting that their last product only had a single review here on FRN, which claims that it was a scam, stolen software.
We don’t want to put too much stake in a single review, but it is still worth noting.
In terms of trading results, the Forex Fastron team provide two FX Blue accounts. While we appreciate that they are using a statement sharing service, we prefer Myfxbook, as they are the more reliable platform.
The main account is showing a 40% gain and a 47.6% drawdown over the course of 85 days. During this time, the software has been very active with nearly 16 trades per day and an average trade length of 27.8 hours. This means that the software consistently has many open orders. The risk reward ratio is 1-2, with the average win coming in at 3.96 pips and the average loss coming in at -7.67 pips.
Based on the results we are seeing here, the software looks impressive, but the sample size is quite small and there are certainly elements of high risk. We would also like to see the account on Myfxbook, as that statement sharing service is more accurate when it comes to presenting data.
As it stands, we are on the fence about the Forex Fastron EA. The presentation is missing information about the vendor, the trading strategy, and the client feedback isn’t much to write home about at this time. The only interesting part of the sales page is the trading results, but they are too short-term to rely on just yet.
If you have anything you’d like to add to the review, please leave your comments and remarks below the article now.
Forex Fastron $199-$419
- Client Feedback
- Customer Support
Forex Fastron is a Forex robot with an unlimited license package and a built-in news filter.
Unlimited license package
Limited strategy insight
Small sample size results
No transparency about developers