XoForex EA is a popular trading robot, owned and operated by private group of traders. They sell expert advisors at the MQL5 market place and XoForex EA happens to be the most popular of their products. There is no address for the company, but they claim to operate from Belize, France and the United Kingdom. It’s likely that there is no single office, and that the developers and team members all work remotely. Traders can get in contact with the developers by filling out an email form found on the bottom of the sales page. For a full list of the Best Forex Robots go here.

They provide traders with a 100% automated Forex trading system that is built by a private group of traders. One of the elements that sets the software apart from most robots, is that it can be used on MT4, MT5 and cTrader. Most systems utilize just MT4, which in my eyes is still the best platform available. Yet, it doesn’t hurt to have other options.

XoForex EA Review

The software investors can download and use at XoForex is 100% automated, The robot comes with automatic updates so traders don’t have to worry about self installing more than once.. This software is common and we see that it is available at quite a forex broker. There is no information about the strategy and recommended best time frame to use the Forex Robot. The available forex pairs include: AUDCHF, AUDJPY, AUDUSD, CADJPY, EURAUD, EURGBP, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY. You can rent the software for a month at a price of $99.

XoForex Results

When the Scam Expert Advisor reviews a new Forex EA to determine if they are a trusted service, we look for a valid proof of performance. The EA performance result can come from Myfxbook or FXBlue. The XoForex EA developers provide us with one my FX book account on the FX open brokerage. We can see that the account has been running just over a month, and has gained 43% with a 22% drawdown. This is an approximate gain of 24.49% per month, which is a very nice number. The software does tend to keep a handful of losing trades floating at any given time. At the time of this review, there are 5 open trades that are currently -7.70%. This is not a major issue, because these trades could easily bounce back. This would only become a real issue if the drawdown started to increase drastically, but the highest drawdown we’ve seen with this account is currently at 22%.

There is a little discrepancy between the equity growth and the growth of the account, showing that the equity is actually quite a bit lower at points but it looks to be catching up. This shouldn’t be a major issue either. Throughout the month and a half the robot has traded on average 3 to 4 times per day, which seems frequent but it utilizes many different pairs to ensure that it’s not forcing itself on the marketplace.

Review Verdict – XoForex EA is a Scam

Currently Best Performing Forex Trading Robot with an Average 86.3% ITM

FXMasterBot is the best automated trading robot because it works with the licensed Forex brokers; Trade Financial, 24Option & EuropeFX. You can choose risk levels, currency pairs to trade and a lot of other setting to configure. Minimum deposit is $250

Try a Free Demo Account at: FXMasterBot.com.

Our best advise for you

There are certainly some positives and negatives here to look at with the XoForex EA. The website doesn’t provide us with a lot of information. Smart traders always check out the competition before going with a Forex robot. You should look at the most popular auto trading software here.

FXMasterBot is the best automated trading robot because it works with the licensed Forex brokers; Trade Financial, 24Option & EuropeFX. You can choose risk levels, currency pairs to trade and a lot of other setting to configure. Minimum deposit is $250

Try a Free Demo Account at: FXMasterBot.com.

If you are already trading with the EA XoForex, please share your experience with other new investors, in the comment section below.

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