Are you searching for the KhonkonFX EA reviews in order to find out what is KhonkonFX automated trading solution. The vendors of this software, believe that the have created the most powerful and more profitable expert advisors ruling the markets right now, so is it scam or legit? You are absolutely in the right place because here, within our KhonkonFX review, you are going to find out the complete truth about KhonkonFX.
Actually, we don’t recommend anyone to use KhonkonFX expert advisor. If you want to know why, then you can find the details within our KhonkonFX review as below. If you don’t want to find out more details on it, but instead want to find out the legit Forex trading software, then you can click this link:- Best Forex Robots.
OK, let’s begin with our KhonkonFX review in order to find out what is KhonkonFX in real.
KhonkonFX Contact: Located at 406/1,DUET GCC 1700, Joydebpur, Bangladesh. Support can be reached via phone at +88 01971 929396, or email email@example.com.
How KhokonFX Works
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:
- Angel EA
- Tufan EA
- Gangster EA
- 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 our 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.
- 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.
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.
Our best advise for you
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.