An Intro to RoFx
A group of software developers and professional traders designed and created the profitable forex robot RoFx in 2009. The automated trading system holds a record of producing consistent profits in trading since 2010, with an average monthly return of 10%. It offers the traders a passive income resulting from the investment made by traders. The company is completely transparent as it shows the robot's trading results to the users. RoFx is a fully computerized and AI-driven EA that offers a low drawdown. Not only this, but the company also compensates for the losses of the traders by its reserve funds. Today, we will discuss if RoFx truly is as good as people claim it to be on financial forums.
The Basics of Automated Forex Trading
Automated trading involves expert advisors or trading robots to trade on an asset. The robot can either act as an indicator to point out the buy and sell points or it can execute the trades on its own. However, not all robots can bring you profits, regardless of what their sellers claim. Only a few can do this in the frequently changing market. Overall, it is rare for an EA to deliver good performance under all market conditions.
An EA is typically installed within MetaTrader software's experts' directory. The robot makes decisions of opening or closing trades based on the set algorithm. They can work fully automatically on the set inputs. With the backtesting feature on a demo account, you can know for sure if the EA really generates profitable trades or not.
Forex Robot Scams
Since the early days of trading, traders have had to deal with scams in every sector of financial markets. Novice traders are naive and inexperienced in trading. Thus, they are easily fooled by tempting schemes and packages offered by scammers. There are many trading robots in the market that guarantee 100% or more monthly returns while they cannot even produce 10%. These automated trading systems are not programmed properly. Therefore, the inconsistency in the market and its conditions are ignored by them.
Advantages and Disadvantages of Automated Forex Trading
Advantages | Disadvantages |
A wonderful source of passive income with smart algorithmic trading | Many robots neglect market conditions like political and economic news |
Superior risk management with stop loss and take profit orders | EAs working without a stop loss cause a huge risk for your trading account |
Trading void of any emotion leaves no room for mistake | |
A lot of fee time for the trader as everything is taken care of by the robot | |
No need to be a trading expert to use an EA which makes trading easy for beginners | |
Quick backtesting results offered by the robot within minutes or seconds | |
Loss or failure of internet connection is not an issue |
Is RoFx a Genuine Company?
RoFx is a fintech company with offices in the US, UK, and Hong Kong, while the head office is in the UK. You can make an appointment before if you want to visit the head office. The company also hosts a conference every year for the VIP clients, although an average client can also attend it by requesting the RoFx support team.
The company does not need to be regulated because it is just a software company that develops AI. However, RoFx has links with major brokerage firms in Asia, America, and Europe. It is enough proof that the company is genuine.
What Makes RoFx Better than Other Trading Robots
RoFx offers fully automated trading that most robots in the market cannot provide. Users do not need to do anything else other than depositing their money, and the EA takes care of the rest. You can deposit the money in US dollars, Euros, or Bitcoin. RoFx does not even any hassle of installing and customizing the setting yourself like other trading software. Features that make RoFx better than other robots are -
Brilliant algorithmic trading: For the past ten years, RoFx has continued to offer profitable trades consistently. The robot is provided with a self-learning neural network that helps it learn how to be more profitable from the markets by scanning the charts and information continuously. This fully automated process only needs a computer and money to deposit.
A proud trading history: The trading results of the past ten years is enough to prove that the automated trading system is profitable. You can see the daily profit and monthly gains made by the robot on the official site of RoFx. The trading results are genuine and reliable as they are verified via Myfxbook, the renowned forex site that displays all trading accounts' history.
Risk-free investment and trade: RoFx users never have to worry about losing the money that they put into trades. On the Myfxbook page, you can see a monthly analytics chart that shows the EA's performance over the past years. There is no month showing negative trading results, which is huge proof that the system works. Even when a loss takes place, it is compensated by the company's reserve fund. So, you never have to lose any money. It is different from most trading robots in the market who use risky strategies and work without stop loss. RoFx uses stop loss and utilizes no leverage, which makes trading safer.
Easy to use service: You can access the service via its website. The company offers different packages for low-performance fees. The base package offers a minimum of 50% of the daily profit. You can increase it up to 95% by increasing your investment. Anyone with little to no knowledge or experience in forex can trade efficiently with this EA.
Customer support 24/7: A responsive customer support line is very important so users can enquire about their issues anytime. However, this vital point is often forgotten by famous trading robots like GPS, Hamster Scalping, and Odin. RoFx, on the contrary, offers 24/7 customer support via email and live chat.
More Info about RoFx
You do not need to download RoFx to access its service. All you need to do is sign up for the service with a trading account on the website and deposit the minimum amount in the account, which is $1000. After you deposit your money, the robot can take care of the rest on its own. You can monitor the robot's work by logging into your account and also decide the amount of gain with its profit calculator.
RoFx provides easy withdrawal services allowing minimum cash out of $1000. If you want to withdraw a lower amount than this, you can use Bitcoin from the exchange option in your account menu. The company does not charge a withdrawal fee on its own. A commission is charged by the bank if the user draws out the money after the package is expired, but it is paid by the company.
You can use straightforward deposit options like bank transfer, credit card, and Bitcoin. US customers can use Domestic ACH as well.
Conclusion
Most tested robots in the market offer brilliant results for a certain period but cannot keep it up for a longer period. The ridiculous claims made by the robots like the 200% monthly gain are meaningless when they cannot back their claims up with backtesting history. RoFx, however, offers a transparent and straightforward concept through an easy-to-use interface. Verified records on Myfxbook, daily, and monthly gains made by the robot, and 24/7 customer support show the credibility of the EA. It offers a minimum growth of 8%-10% per month, which can make any professional trader happy.
