XFXea Review: Does It Win or Lose?

XFXea

XFXea is an FX robot that promises regular profits irrespective of market conditions. This MT4 trading tool uses special algorithms and calculations for its trading to ensure you get maximum profits and minimum losses. The vendor states that this EA does not use dangerous approaches like the Martingale method for trading. Verified live trading results and backtests are present for this expert advisor. But a close look at the results reveals a very risky approach that can make you lose your capital easily. Our initial conclusion for this system is it is an unreliable EA.

What is XFXea?

Features of XFXea
Features of XFXea

As per the vendor, this FX EA provides regular trading opportunities without any long unprofitable periods. It does not use the Martingale method for trading. The vendor boasts verified live statistics for this EA. It trades on the AUDUSD and EURUSD pairs. There are no further details regarding the features, settings, and recommendations for this FX EA. We could not find info like the recommended timeframe, leverage, brokers, deposit, and other details. The lack of info raises doubts regarding the reliability of this FX robot. 

Official XFXea website

Regarding the website design, this EA presents a very minimalistic outlay with all contents present on a single page. This is not surprising as the vendor does not divulge much info about the system or the company. We could not find vendor info such as the founding year, the development team, location address, phone number, etc. The lack of vendor transparency raises a red flag for this EA.

How can we use XFXea? 

As per the vendor, this EA uses special algorithms and calculations for spotting the profitable trades so there is no loss period. Even if there is a loss, the system recovers the loss using its special algorithm. The vendor claims that the recovery of loss is done without the use of the Martingale system. We find the explanation is vague and does not provide a clear insight into the system.

Pricing & refund

Pricing of XFXEA
Pricing of XFXEA

You can purchase this product for $260. The package includes a single lifetime license that works on two supported pairs, a user manual, free updates, MT4 and MT5 versions, and 24/5 friendly support. A 30-day money-back guarantee is present for this EA. When compared to other similar expert advisors in the market, we find the price is a bit expensive. Further, considering the risky approach used by the EA as shown in the live performance, we find it is not worth the price.

Trading strategy

Other than mentioning that the system does not use the Martingale method, the vendor does not divulge the strategy this EA uses. This lack of info raises a red flag. A few backtests are present on the official site. Here is a screenshot of one of the backtests:

Backtesting report of XFXea
Backtesting report of XFXea

From the above report, we can see the backtest was done from 2014 to 2019 on the AUDUSD pair using the H1 timeframe. For an initial deposit of $5000, the total net profit was 86748970.07. For a total of 974 trades, the profit factor was 2.06 and the profitability was 68.89%. The maximum drawdown for the account was 59.89%. From the high drawdown, we suspect the system uses a high-risk strategy.

Current performance 

A real USD cent account using the MT4 platform is presented by the vendor. Here are screenshots of the results.

The equity growth chart for XFXEA
The equity growth chart for XFXEA
Advanced trading stats of XFXEA
Advanced trading stats of XFXEA

From the above trading stats, we can see the EA has generated a total profit of 2523.53% and an absolute profit of 1747.36%. The difference in the two values looks suspicious and is an indicator that the EA uses a risky approach. A drawdown of 53.37% is present for the account, which is another factor that confirms the high-risk approach of the ATS. The profit factor value is 1.66 and the system uses a lot size of 0.18. We find the lot size is big for this cent account which also confirms the dangerous strategy used.

What customers say 

We could not find user reviews for this ATS on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of reviews reveals this is not a popular product in the market.

Summary: is XFXea a trustworthy EA?

XFXea
1.6 5 0 1
From the absence of strategy explanation, lack of vendor transparency, and high drawdown in the live trading results, we find XFXEA is not a trustworthy EA. The downsides indicate this is not an FX robot you can rely upon for investing your hard-earned money.
From the absence of strategy explanation, lack of vendor transparency, and high drawdown in the live trading results, we find XFXEA is not a trustworthy EA. The downsides indicate this is not an FX robot you can rely upon for investing your hard-earned money.
1.6 rating
1.6/5
Total Score
  • Strategy
    1.0 rating
    1/5 Awfully
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    1.0 rating
    1/5 Awfully
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • A fully automated EA
  • Verified trading results

Dislike

  • Strategy is not disclosed
  • High drawdown indicating a risky approach
  • Lack of vendor transparency
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