Is Champion FX reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Champion FX
Champion FX is a forex robot available on MQL5 website. The system is developed by Evgenii Alseniv from Russia. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $1,250 with no rental option available.
Champion FX claims to give advantage in the financial market with its expert strategy. Here, “the system uses drawdown reduce function and time filter to safe and profitable trading”.
Champion FX: Reasons to Avoid this Expert Advisor
Firstly, Champion FX is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are many customer reviews on MQL5 where the product is sold of which they all sound too good to be true.
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Accounts
Free Trial
Projects
SSL
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
Champion FX Trading Strategy
Champion FX works with trend or price action strategies.
The system operates on AUDCAD, NZDCAD, EURCAD, GBPCAD, and AUDNZD currency pairs with a timeframe of H1.
Champion FX Trading Results
The vendor failed to provide backtesting results for us to be able to estimate the system’s potential profits and losses based on past performance data.
From the real account of $10,000 deposit, the maximum drawdown is 40.7% while the win rate is 79.5%.
Conclusion: Is Champion FX a Reliable Forex Robot?
Champion FX does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.