Are you thinking of using Control Forex or Control FX to manage your account? If yes, we need you to consider pausing for a minute. Read this review to find out if using this forex robot is worth the shut or another product to avoid.
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
About Control Forex
Control Forex is a forex robot that claims to give traders advantage in the financial market through it expert strategies. It was established in 2015.
It claims to manage the trading account of traders for big profits. There is a total gain of 14,102% presented on Control Forex website. A claim that is so good to be true..
For accuracy and reliability, Control Forex claims to provide 3 servers for the system to work properly. It allows for trades on 25 cross pairs.
Control Forex Minimum Deposit
The minimum deposit of Control Forex ranges from $10,000 to $50,000. There is a monthly commission of 15% to 50% charge on profitable orders.
controlforex.com: Reasons to Avoid This EA
controlforex.com fails to pay attention to details. There is no information about its setting. It also does not desire to show its team on the website.
controlforex.com refuses to tell us about its historical data or back test so far. Because this is not provided, we don’t know how it struggles to predict trends or where it performs well.
Talking about users friendly, controlforex.com is not the EA for that. Its initial deposit of $10,000 is awkward.
There is a claim by controlforex.com about the number of accounts. It presents ten accounts but what we find out is six accounts.
Control Forex Trading Strategy
Control Forex trading strategy is made from a Grid of orders with martingale combo. It trades on 25 currency pairs. There is no further information on the time frame which the system operates on.
Control Forex Trading Result
Control Forex claims to be transparent in the way it presents its trading result. But here is what we find out about controlforex.com. The back-testing result is not provided even though there are six accounts in operation.
The leverage Control Forex presents is 1:500.
Control Forex presents a claim of its closed orders traded with 2877.8 pips. Here the average win is 52.55 pips and an average loss of -72.48 pips. On a long term, the win is 77% and 74% on short term. The average trade length is six days.
Conclusion: Is controlforex.com a Legit Forex Robot?
controlforex.com is not a legit forex robot. We find its transparency fishy. Its poor attention to details like the back-testing and time frame are things not included in this forex robot. That is not the only turn off this product has, its claim of ten accounts instead of six accounts is a red flag.
Since there is no customers’ feedback about the product, we don’t know how it operates on people’s account.
From our review about this forex robot, we will not make a recommendation for this product for reasons we have mentioned.
Do share your thought we us in the comment box.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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