BestFXtools is a Poland-based software provider that debuted in 2014. Best FX tools say that: best programmers, a tycoon on this market, who base their software on the innovative language MQL designed and created their software. They created their software to assist traders navigate the often confusing road that is known as trading. We review this software provider to know if buying any of their software is worth it. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What are Forex EAs, Signals, or Indicators?
Before we dive into this review, we take a look at what an Expert Advisor is.
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An expert advisor (EA) sometimes known as a Forex robot is a software with pre-programmed instructions that directs and guides traders on what trades might or might not be profitable. EAs can automatically start and carry out trades on their own. This is possible because of the set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
We cannot overstate the advantages and usefulness of Expert advisor. Among these numerous advantages is the ease of use, the slight learning curve is made possible because a key strategy has been programmed into it by experienced traders (or not so experienced traders, in some cases).
Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some 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. You could also read our reviews and compare the offers to those of other legit vendors at the bottom of this article.
Best Fx Tools review
Bestfxtools.com comes across to us as a professional and well-put website at first glance. The developers want to give traders access to professionally designed programs that will aid them in increasing their profits.
BestFx Tools Strategy
With eight robots and eight indicators, the total number of software adds up to 16. This fact makes analyzing each software individually a laborious task, coupled with the fact that the developers give little information concerning each software.
Best Fx Tools Price
The 16 software ranges in prices from $39 – $229. The indicators range from $39 t0 $109 while expert advisors range from $99 to $229.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedbacks on a third-party site as we have found that reviews on the official page might be manipulated, concocted, or paid for.
We couldn’t find much feedbacks in our search for such reviews concerning the products that Best Fx tools offer.
Conclusion
Best Fx Tools gives enough vague details to make them seem legitimate but not enough details to actually confirm the legitimacy. The lack of transparency in their software’s strategy gives us cause for concern.
With these doubts and suspicions in mind, we wouldn’t recommend the purchase of their software.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee