Noor FX is an EA that was established in 2013. It was founded with a single goal in mind; to provide retail investor access to institutional level returns with minimal risk and low fees. In our review today we take a closer look at the team behind this EA and the strategy it use for its signal providing. Read this review to find out this EA is what buying.
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. 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 initiate 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.
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We cannot overstate the advantages and usefulness of Expert advisor. Among these many 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.
Noor FX EAs Review
Noor Fx claims that they are UALQ Regulated, that is, they are regulated by the Dubai UALQ Investment Authority. They say that all client funds are held in trust under the client’s name at one of Dubai’s largest international banks, RAK Bank.
They have four lead traders and seven client service teams.
How Noor FX Expert Works
They claim that their team of traders utilize a unique trading strategy that has been perfected by us for many years; this strategy has enabled our investor’s consistent returns year in year out.
Through our consistency and compounded returns we continue to outperform the majority of investment vehicles accessible to retail investors.
This is the only talk of strategy on the website
Noor FX Robot Price
The minimum investment required with Noor FX is 10,000 with (denomination options – USD, GBP, EUR, BTC, ETH, LTC).
This is rather on the high side for us.
They claim that they don’t require an Account Opening or Closing fee. And they take commission only on profits, on a monthly high watermark basis. Their high-water mark is calculated from the highest Net Asset Value (NAV) after deducting from their performance fee.
Customer Support
Noor FX provides two numbers (Hong Kong +852 8193 1521, Dubai +971 4997 32557) and a contact form.
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 many reviews concerning the product that Noor Fx EA offers.
Conclusion
Noor Fx EA doesn’t give an in-depth explanation of their strategy, and the price is too high for us to recommend them without any concrete idea as to what their strategy is.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
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Strategy: Scalping
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Currency Pairs: All Pairs
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Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
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Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
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