Best FX Network is a fully automated robot that uses money management and a neural network for trading the market. The algorithm does not implement a risky grid strategy and works with all brokers. To see if the performance of the product is satisfactory for us, we will analyze the system and provide insight on all its pros and cons.
What is Best FX Networks?
The robot has the following features:
- It uses a neural network for trading.
- There is support available for all brokers.
- The robot has money management inside.
- There are verified records available.
The developer does not provide us with information on the leverage required to use it.
Official Best FX Networks website
The algorithm is available on the developers’ website to witness all the characteristics. The developer details all the information under multiple tabs and a single webpage. They promise that their product is fully automated and does not employ any risky strategies.
How can we use Best FX Networks?
The robot trades on EURJPY and comes with multiple subscription options. It is fully automated and can work with all brokers. Unfortunately, the developer keeps us blind on the minimum deposit and leverage required on our account to run the robot.
Pricing & refund
The robot is available for $129, with a license available for a single live and demo account. Traders can also get 2 and 3 keys for $149 and $169. There is no money-back guarantee available.
The developer only states that the robot trades a neural network to analyze the markets. It combines both technical and fundamental data and uses two different sets for trading. According to the author, there is no averaging or scalping in use. From the history presented on FXBlue records, we can observe that it uses a grid strategy, which goes against the claims made on the website.
The developer is not transparent on the backtesting records. After going thoroughly on the website, we could not find any details on the historical testing.
Verified trading records are available on FXBlue that show performance from November 30, 2021, till the current date. The system made an average monthly gain of 75.9%, with an unknown drawdown value. The winning rate stood at 91.9%, with a profit factor of 2.09. The best trade was $49.4, while the worst was -$7.9. There were a total of 62 trades. The developer made $190 in deposits.
The developer does not provide any information on their whereabouts and portfolio. Failure to provide customers with appropriate knowledge is not a good practice.
What are the real customers saying about Best FX Networks?
There are no customer reviews present on Forex Peace Army or TrustPilot that we could use to see the viewpoint of the general community about the EA. This shows that no one has tested the product as of now. Investors might vary from the fact that it uses a risky averaging strategy.
Summary: is Best FX Networks a trustworthy robot?Best FX Networks
Trading results2/5 Bad
- Multiple subscription packages
- No backtesting records
- Uses grid strategy
- Little information on the strategy