ForexEzy
No Result
View All Result
  • Home
  • Getting Started with Forex
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
  • Top Forex Brokers
  • Top Forex Robots
  • Commentary
  • Blog
  • Home
  • Getting Started with Forex
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
  • Top Forex Brokers
  • Top Forex Robots
  • Commentary
  • Blog
No Result
View All Result
ForexEzy
No Result
View All Result
Home Forex Tools Forex Robots

WinFX Review

by Richard Brase
April 1, 2020
in Forex Robots
0
WinFX
1
SHARES
11
VIEWS
Share on FacebookShare on Twitter
WinFX

WinFX presentation started with the statement that “Investing simplified with automated trading.

Be empowered by artificial intelligence that works for you 24/7.” We’ve seen anything about a robot there, so, it’s another PAMM system.

WinFX

The devs offer us many types of account depending on our amount of funds. As well, there are different types of risks: conservative, moderate, and aggressive. The system doesn’t have access to investors’ money directly, but there’s allowed to use them to perform trades. The average gain we can expect will be from 2.5% to 10% of the monthly gain depend on the risk level we set.

WinFX

By this scheme, devs explain how trading changes when machine learning was applied to the system. They introduced it as “Our Artificial Intelligence (A.I) formulates real-time strategies and rigorous risk management to grow your wealth with automation.” We’re not sure about “real-time” strategies’ success. They use “similar technology to Google DeepMind’s AlphaGo, using a combination of deep learning, supervised learning and reinforcement learning algorithms for algorithmic trading.”

WinFX start

The system concentrates on the major currency pairs. “In only milliseconds our system chooses the most appropriate strategy among 30,000+ solutions for every market condition as well as learn and develop new strategies.”

WinFX videos

Resources page includes no videos because they were removed and what do we need to know about the process in Vietnam? 

Table of Contents

  • Strategy testing
  • About the company
  • Opening an account and FAQ
  • Review Summary

Strategy testing

WinFX statistics
WinFX Myfxbook

We’ve got a backtest on the EUR/USD currency pair. The monthly gain was just 4.34% with quite high drawdown (21.63%). The total gain was 250% during two and a half years period.

WinFX advanced statistics

There have been traded 7356 trades with -7752 pips. The average win, as well as, the best trade is in two times less than average loss/worst trade. That means there’s no AI behind the system at all. The profit factor is very low and equaled 1.3. Win-rate is between 69% and 71%. 

WinFX advanced statistics

The robot performed the test with high risks. The devs told us that high-risk trading provides us about 10% of the monthly gain, but even on the backtest, there are no told results. 

About the company

There are many photos on the site that have descriptions about how cool our people are.

WinFX About the company

Having checked their Instagram account we’ve found the last photo. It’s been May 2019. It’s about a year ago. As we can see, there are 8 people on the picture, but just 3 likes on the post. Did they die, because we see no reason not to like a post about the company you work on?

As well, their FB page doesn’t exist anymore.

Opening an account and FAQ

We know that:

  • Funds are held with ROYAL – RFXT license and regulated entities in Australia (ASIC) (ACN: 157 780 259) and Cyprus (CYSEC) Licence number: 312/16.
  • The system trades EUR/USD, GBP/USD, EUR/GBP currency pairs.
  • Accounts different by the risk/reward ratio (Conservative: 1X, Moderate: 2X, Aggressive: 4X).
  • The fees are between 30% and 40%. 40% for an account under £50,000;  35% for an account between £50,000 – £500,000; 30% for an account over £500,000+.
WinFX opening an account
  • MT4 platform copy-trading.
  • The minimum deposit is £10,000.
  • We can’t use services to residents/citizens of Japan, South Korea, Cuba, Iran, North Korea, Libya, Somalia, Syria, Sudan, Myanmar, Yemen, or any other restricted country due to sanctions or regulations imposed that may not be mentioned in this list. It’s a lie.
  • Performance is tracked and monitored in real-time via 3rd party auditing process & all results are showcased and verified by Myfxbook. It’s a lie too.
  • Taxes paid on your trading profits are based on your local tax jurisdiction.

Review Summary

Pros

  • No pros

Cons

  • “Who are they” question.
  • The site bad designed.
  • Some part of the site has been removed.
  • The last update on Instagram was about a year ago.
  • The FB page was deleted.
  • The presentation explains nothing. There just a wall of nonsense text.
  • No register documents provided.
  • Very week strategy test reports’ results.
  • No 3rd part verified trading results.
  • The minimum deposit is £10,000.
  • They can’t provide services to residents/citizens of Japan, South Korea.

Do you want to spend £500,000 for dudes who even don’t try to launch 3rd part verified demo/real account? Even their backtests look average with 4% of the monthly gain with 22% of drawdowns. We know nothing about them. We know nothing about AI existing. This company looks, smells, and acts as nature Ponzi scheme. They want our money but do nothing to get at least a piece of our trust. The social network updates show us they are not real. 

Share1Tweet
Previous Post

FXSecret Immortal EA Review

Next Post

Basic Chart Patterns For Successful Technical Analysis

Related Posts

Forex Scalping EA

Forex Scalping EA Review

by Adam Stanley
January 12, 2021
0

We’ve prepared a review of Forex Scalping EA. It’s a trading robot that scalps little profits on many currency pairs,...

Standard FX

Standard FX Review

by Tim Baudin
January 11, 2021
0

Standard FX is a company that provides PAMM services for everyone. The main statement says about 20% of the weekly...

Night Hawk

Night Hawk Review

by Chintan Patel
January 10, 2021
0

Today’s robot to review is Night Hawk. The expert advisor was designed by the DaVinci FX Group company from Russia....

Siphon-X

Siphon-X Review

by Tim Baudin
January 5, 2021
0

Siphon-X is another robot of the Trading Strategy Guides company. The main statement tells us that Siphon-X can make solid...

PREMIUM FX BOT

PREMIUM FX BOT Review

by Adam Stanley
December 29, 2020
0

We’d like you to read a review about Premium FX Bot. The robot is introduced as the best option for...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex EA

  • ROFX 9/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10
  • Z Trader FX EA 7/10
  • Forex Incontrol Reborn 6.5/10

Popular News

  • The Best RSI and CCI Combination Trading Strategy for Optimum Returns

    The Best RSI and CCI Combination Trading Strategy for Optimum Returns

    2 shares
    Share 2 Tweet 0
  • Rofx Review – High Profitability and Stable Performance Analysis

    29 shares
    Share 29 Tweet 0
  • The Best Forex Scalping Strategy – Using 3 Popular Technical Indicators

    0 shares
    Share 0 Tweet 0
  • The Best MT4 Indicators & Expert Advisors For Forex Trading

    2 shares
    Share 2 Tweet 0
  • How to check if the indicator is repainting?

    2 shares
    Share 2 Tweet 0

Trading

Footer

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Fundamental Analysis
  • Money Management
  • News
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Psychology
  • Uncategorized
Tags
arbitrage atr bollinger bands cci chart patterns classics copy trading courses day trading forex brokers forex charts forex ea forex education forex forecasting Forex Indicators forex software reviews grid trading hedging ichimoku macd market cycles news trading oscillators price action trading rsi social trading strategies tips & tricks trading bots trading platforms trend trading Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2020 by ForexEzy.com

No Result
View All Result
  • Home
  • Getting Started with Forex
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
  • Top Forex Brokers
  • Top Forex Robots
  • Commentary
  • Blog

© 2020, Forexezy.