Forex Armor Review: This team behind this EA is based in Indonesia and somehow based in the USA. EAs are created to assist and guide traders navigate the perilous journey of trading. Join in this review as we answer questions such as is Forex Armor Legit? Is FX armor a good EA? Basically we aim to check if buying this EA is worth it? Read through our review to see what experts have to say about the Forex Armor EA.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. 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 as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Forex Armor EA Review
The team behind forex armor claims that they have been in the industry since 1995. According to their sales page, their certified systems are used by a large number of commercial investment banks.
ForexArmor.com is well-designed with a section of the sales page dedicated to highlighting the benefits that followed the product. Going through the website, we learned that the team behind this EA is allegedly based in San Francisco, USA, however, their contact page suggests that their office is based in Bali, Indonesia.
How Forex Armor EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: EUR/USD, GBP/USD, EUR/CHF, USD/CHF
FX Armor robot doesn’t provide an in-depth explanation or insight as to how their strategy works. The team behind FX Armor EA claims that the EA uses a combination of hedging, grid, and safe martingale to get its results.
Fx Armor EA Price
- Economy Class Plan: $997
- Business Class Plan: $1299
- First Class Plan: $1599
Customer Support
They have a contact form and an email in the case of any complaint or enquiries.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback 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 enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
After going through all aspects of this EA, we are not satisfied with gaps between what it promises and what it delivers especially when considering the price range.
This EA is on the expensive side, and as such we won’t be recommending the use today as we aren’t sure of its efficiency.
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