Knox Forex EA is an award wining Forex trading robot vendor by Robert Jan Teuwissen, under the parent company Quantpartner Limited. They’re located at Boulevard Bulgaria 58, Office Building Jaclyn, Building C, Floor 8, Unit 27, Sofia, Bulgaria. To get in touch with support traders can use Skype, knoxforexea, email, info@knoxforexea.com or phone IRL +353 1 254 4504, UK +44 20 3002 1208, BG +359 2 904 0550.

As for the Knox systems, there are 4 in total. Knox EA, Knox Dynamic EA (most popular), Knox Metal EA, Knox Index EA.

Knox Forex EA Review

The EA works on any time frame and trades on 8 forex pairs. The creators of these systems believe the traders should trust in their products because they are brought together “high end experts in the financial arena.” We are not introduced to any of these experts, so we cannot verify their identities.

There is no price tag to any of the 4 trading systems so you are virtually not renting a copy of these robots. In order to get access to any of the Knox EA systems traders need to register for a new binary options brokerage account with either AxiTrader or Varianse.

The minimum deposit to start trading at Axitrader is $200 while for Varianse broker it is $500.

Trading Results

The main system, is showing a 24% gain in just over 2 months of trading, with a drawdown of 33%. At the time of that drawdown, it actually took the account into a negative balance, but then recovered. The creators do allow us to see the open trades, and currently there are over 2200 pips in negative drawdown open. They may be better off hiding this information, but I’m glad that they aren’t.

The metal system seems to be the most consistent, as it’s gained quite steadily since November 2016. Throughout this time, it’s had a drawdown of 17%, and it overall gain of just over 87%. Just like the other EA though, the metal system has an extremely large negative floating balance with nearly 12,000 pips going in the wrong direction right now.

Our best advise for you

There are certainly positive aspects to each of the Knox EA robots, but I would like to know more information on their trade logic, and get a better understanding of why they have thousands of pips in negative balance open at this point in time. The last thing I want to do is sign up for a system that’s already in the middle of a potential bust situation.

Best Free Forex Software

When choosing an auto trading system, the biggest problem investors have, is finding a robot that integrates with a regulated and licensed broker.

FXMasterBot works with both licensed and unlicensed brokers, so you need to make sure, before you deposit, that the broker has a valid license. Currently, you can select to use 24Option or EuropeFX, which are broker brokers that are licensed by CySEC in Europe. The Minimum deposit to start is $100. Test it out for free at FXmasterbot.com.

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