Forex Zeon-X is an expert advisor. It was created to assist and guide traders navigate the perilous journey of trading. The name of the team behind the creation of this EA was not disclosed. Is buying this EA 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?
An expert advisor (EA) is software that directs and guides 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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The advantages and usefulness of Expert Advisors cannot be overstated. Among the numerous advantage is the small learning curve involved in using the Expert Advisor. That is to say, you don’t need much 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.
Having this in mind, traders need to be careful and very mindful of who they deal with in this business environment. Although this slight exaggeration called marketing is used by everyone, some are just out to deceive and steal others’ funds. A big step in discovering fraud is considering the offering, and proofs provided; another way is reading our reviews and comparing the offers of known reputable vendors.
Forex Zeon-X Review
It is true, like we mentioned earlier, that EAs exaggerate their successes a bit to entice customers, and Zeon-X is no exception. One is flooded with different graphs and popping claims immediately the website is opened.
This alone doesn’t make them complicit in a scam, it’s only a tad bit suspicious as the rate of the graphs reeks of tactics employed by skimmers.
It can also be a bit overwhelming as the information borders on vaguely impressive for someone who is just starting off with EAs and not informative enough for experienced traders.
We also discovered that their testimonials are fake names with stock photographs
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Their website offers six different reasons to use their software which includes: high spread protection, High slippage- execution time, Broker protection module, smart money management, it is fully Automated, 24/ 7 customer support.
How Forex Zeon-X Works
Apart from not disclosing who they are; the team behind chose to also not disclose the principal or strategy that the EA works on.
The deal with the trading pair of USDJPY, USDCAD, GBPUSD, GBPJPY, GBPCAD, GBPAUD, EURJPY, EURUSD, and EURAUD.
Forex Zeon-X Price
At the time of writing this, the packages Forex Zeon-x offers come in three, they are: starter, professional, and ultimate. All accounts are a one-time buy.
The basic account has a prince range of $199 and comes with one real account, unlimited demo accounts, detailed user guide, and Lifetime Support. The professional account has a prince range of $299 and, conetimeome with two real accounts, unlimited demo accounts, and lifetime supports. While the ultimate starts at $499 and comes with 4 real accounts, unlimited demo accounts, detailed user guide, and Lifetime Support.
Customer Support
Only an email and a contact form was made available as a means of contact with the vendors.
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 any in our search for such reviews concerning the product that Zeon-X offers.
Trading results are provided on the website of the EA but this cannot be trusted. We always prefer results uploaded on third-party websites where they can be verified.
Conclusion
Forex Zeon-X doesn’t give enough details to confirm their legitimacy.
The design of the website is shady, the price tag attached to their software is suspiciously generous, coupled with the fact their testimonials are fake. Also, the lack of reviews and the non-disclosure of the team behind it coupled with the lack of transparency in their dealings raise room for doubts and suspicions in our minds.
In conclusion, we wouldn’t recommend using this EA as it has only done the barest minimum in proving that it is trustworthy or competent enough to allow for the amount it demands.
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