Best Forex Robot: A List of highly Recommended FX Robots

Product/serviceType of Product/serviceCost
GPS Forex RobotForex Expert Advisor$149 per license
WorldMarketsAI Managed Trading Accounts$2500 Initial Deposit
ForexSignalsForex Signals and education$97/monthly
TransparentFXTradingForex signals/Funded AccountsVaries accordingly
BizintraSignals & Trading Education£99/monthly for signals, £199-£999 for trading education

But do remember….. a Forex broker can make or break your trading. Therefore, if you’re looking for a good trading experience where you enjoy real ECN, low or tight spreads and leverage of up to 1:200, FXchoice should be your best bet.

How to find the best Forex robot

(a) Trading performance

While trading performance cannot be used to judge how a Forex robot will perform in the future, it can be used to give traders an overview of the expected performance.

Most reputable Forex robot developers have a myfxbook account or at least an FXBlue account which they use to demonstrate the success of their projects.

If a Forex robot is backed by any of these proofs of performance, it is a good sign that the developer is taking their work serious and have nothing to hide.

(b) Low draw down

The best Forex robot will have a reasonable draw down. We’re not saying that draw down is a bad thing or that it is possible to trade without this setback.

In trading, there are times we will win and times we will lose. That’s just ow trading is and we cannot avoid it. Good draw down is between 10%-20%. Anything outside these numbers would mean that the developer is risking too much or is not using proper risk management practices in their Forex trading robot.

(c) Pricing

The developer has to find a sweet spot between quality and pricing. The best Forex robot will be affordable to the masses in general or at least the developer could create a plan that fits all traders with different pocket levels.

Most Forex robots start at $200 (this is considered the average price) but we’ve seen other automated Forex tools costing as much as $2,000.

If a developer believes that they have the best trading tools and can demonstrate it, their pricing model should accommodate even that trader who wants to test the robot for $200.

They restrict the number of licenses and price them accordingly.

(d) Track record of the Forex robot developer

If the developer is well known and has a track record of creating and updating their robots regularly, this could be a good sign that you are buying from a reliable FX robot developer.

It’s easy to find out whether the developer has a track record or not. A simple Google search will do it but even our  blog will educate you on whether a particular robot developer has a track record.

Conclusion

With the above methods, you will not have trouble trying to find the best Forex robot. We have made your work easier by giving you links to some of the best trading tools. We know that you will not disappointed.

Most of our readers know that we protect our traders here. Have fun trading!

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2 thoughts on “Best Forex Robot: A List of highly Recommended FX Robots

  1. Hello Friend,
    Thank you very much for your detailed information.
    You have saved me from making the worst mistake of getting scammed.
    I have gone through your reports all day and I find them very interesting and wish you the best for caring for many of us that have little knowledge about these very smart scammers.

    Reply
  2. Thank you very much for your detailed information.
    I have gone through your reports all day and I find them very interesting and wish you the best for caring for many of us that have little knowledge about robots.

    Reply

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