Robot Review: Pro FX EA

Pro FX EA is an automated Forex robot built with the intention of providing the best possible entry and exit points, so traders can win more profits in the markets. The system is built for the MT4 platform, and comes with the default settings that the vendor claims of the perfect for long-term stability and power.

As it stands, we have no information about where the vendor is located, or what type of trading history day In the Forex market. These details are not provided by the vendor, which is certainly an oversight, and something they should add to their website. If you would like to contribute to the review, please email support@profxea.com, and ask them about this information, and relay it back to us. As, they have yet to respond to our email requests.

Pro FX EA Review

There are a few things that the Pro FX EA vendor wants the community to know about their trading system. They want traders to be aware that their robot is fully compatible with all MT4 brokers, and that it can work with any timeframe or pair. They believe that this in conjunction with their plan for long-term stability is the perfect combination for a long-term winner.

Other aspects included in the sales page, is that the vendor provides 24/7 support and a 30 day moneyback guarantee.

Outside of these few aspects, the vendor provides very little detail or substance about their trading approach, or overall expert advisor methodology. In order to qualify, or be considered for the best Forex robot title, they need to provide much more information about their service. We understand that they are trying to keep it simple and quick, but this isn’t what the Forex robot market demands. Traders in this market want to know as much as possible about a trading system, before they consider it a real investment opportunity.

We have to agree, which is why we demand more from the marketplace, as you can see in our recent reviews of Forex InControl Reborn, and TraBot.

Robot Analysis

• Type: Forex Robot
• Price: $299-$499
• Strategy: Undisclosed
• Timeframe: Any
• Pairs: Any

The Pro FX EA service has 3 different pricing packages, starter, standard and advanced. All of these plans are essentially the same, as they give traders access to the software, and 24/7 support. The only difference, is that the starter plan costs $299 per year, where is the standard an advanced plans have no expiration time. So, realistically you want to utilize the software, you are looking at $400 for a lifetime license of a single account.

Considering the lack of information and detail about the software, the price does come across as pretty steep.

Trading Results

The majority of the Pro FX EA website is dedicated to their trading results, but none of the results that they provide are verified or proven. They show us a couple of videos and screenshots of back tests, but none of these results are convincing, especially when you compare them to the competitors in the market that offer Myfxbook results.

The videos provided show the expert advisor trading in the MT4 platform for about a minute and a half each and go through some of the latest trading results. In the video, we can’t tell if it’s a live or demo account, and the results they show us are from a single month of trading, so it’s really not even a worthwhile sample size to analyze.

It’s also worth noting, that the results they are showing us are from 2018, and they have provided us no results from 2019.

Conclusion

At this point in time, it’s clear to us that the Pro FX EA isn’t ready for the big stage. This vendor needs to work on just about every aspect of the product, their sales page and then come back to market with the product. We see no reason why anyone would purchase a Forex robot costing $400, that doesn’t have a single piece of verified trading performance, when every other developer in this market does.

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