Fxhelix.com Review Is FXHELIX A Legit Forex EA

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Fxhelix.com Review: Is FXHELIX A Legit Forex EA?

FXHELIX Review: this is the name of a Forex robot or EA that trades the AUDUSD pair using a grid/trend strategy. Is Fxhelix.com a scam Forex EA or legit?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

FXHELIX is an automated Forex robot that claims to give maximum results requiring minimum efforts. It trades with the AUDUSD currency pairs.

It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

It claims to be able to give traders the following: live trading results, safe type of trading, and drawdown control.

How FXHELIX Works

The vendors claim that they have tested the product on a backtest first. The results they got, according to them is encouraging. It is mentioned that 90% of the traded cases were done without Martingale and the few exceptions were slight increases in lots to get a profit. This robot trades in profit and can open multiple trades to do this.

To notice a price movement that goes against the expected average movement on a currency pair, FXHELIX analyzes the history of price movements. It reaches decisions on opening a trade and in what direction with these manipulations.

It is mentioned that it is not an arbitrage or scalper EA making it compatible with any MT4 broker. What it does is to collect recent data on price movement during a duration so as to find a deviation from the average rate of price movement. FXHELIX then enters a trade when it finds the highest probability on which direction the market is moving.

Further, we are told that it uses pending orders to accurately execute each trade so that loss is minimized. The robot uses a large Take Profitmaking trades open for a long time. It is said to be able to work well with almost any other strategy and the initial deposit can be as small as $240 using lot 0.01. In accordance with regulations of the NFA commission, this EA works with a leverage of 1:50.

FXHELIX Pricing Structure

Lifetime – $210

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It comes with 1 lifetime license for any account, free lifetime updates, user manual and 24/7 support. Traders are also promised a 30-day guarantee on purchase.

Client Feedback

We do not find much on clients’ reviews and this is discouraging. However, by way of proof, the vendor does provide a trading result account on MyFxBook which shows some impressive numbers. It is not all flattering but it displays transparency, thus, improving their image.

Support

There is a “Contact Us” link for traders who are interested in getting in touch with the vendor.

Conclusion

We find that FXHELIX has a professional touch in given all the needed details that we often look for in a Forex EA. Its strategy is well explained and looks legit. We could not find client reviews but got trading results. The pricing is competitive but we find is that it does not trade frequently, this is due to the strategy in use.

TopedgeFX.com

Honest Trading Product | Reviews

Forex Reviews Ι Stocks and CFDs Brokers

When you want to trade Forex, Stocks, Futures, Cryptocurrencies, Bonds or CFDs, there’s always a broker or an exchange where you can open an account to facilitate your trading.

In fact, since trading became popular on the internet, hundreds of brokers have sprang up and they all masquerade as “the best brokers” to trade with on the internet.

Some of the features they use to lure traders include:

  1. Education capabilities
  2. Market research and analysis including weekly trade ideas
  3. AI software for trading
  4. High leverage and tight spreads
  5. Deposit bonuses
  6. Cutting-edge trading platform

Because there are literally hundreds of brokers on the internet offering the same exact thing, one may ask:

How do we choose the best broker and avoid the bad ones?

To answer that question, we’ve selected 3 brokers that we think have at least met industry standards.

These brokers are ranked according to features, level of customer support, regulations, reputation and many other factors.

On the other hand, we leave traders to decide which brokers they want to choose. Usually, one trader’s style is different from another trader’s strategy.

The two traders cannot be satisfied by one broker due to their varying trading styles and needs in general.

The list of the best brokers to trade with

As we’ve said previously, we’ll rank brokers based on their capabilities and most of these parameters are looked at in favor of the client.

So we’ll also look at how they handle customer funds, structure of their business, whether or not they’re regulated and also length of time that they’ve stayed in operation.

On top of that, we usually update this list to reflect any changes or actions that may have been taken against any broker by their respective regulatory authorities.

We’re only listing brokers that are regulated by financial organizations listed below:

Some of the financial regulators above are made up for independently governed agencies while others are operated by the Central bank of the country where the financial regulator is based at.

Our Ratings: 80/100

Withdrawal time: Under 24 hrs

MT4 and MT5: Yes

Minimum Deposit: $100

Support: Very Good

Our Ratings: 75/100

Regulated: FCA 19776 IBC 2020

Withdrawal time: Under 2 hrs

MT4 and MT5: Yes

Minimum Deposit: $50

Support: Very Good

Our Ratings: 75/100

Assets: Forex, Stocks, Options, Crypto

Withdrawal time: Under 2 hrs

Minimum Deposit: $10

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FXHelix Review – Is It A Scam?

Details

    Currency Pairs: AUDUSD Timeframe: H1 Price: 210 USDLicense: 1 live account NFA compliance: Unknown Refund policy: 60 days FXHelix Website

Strategy: FXHelix trading style can not be determined as of yet. I am going to change this when we find out.

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