XFX Hunter EA Review is XFX Group a Scam or Legit EA Provider

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XFX Hunter EA Review: is XFX Group a Scam or Legit EA Provider?

XFX hunter EA Review: this is the name of a Forex EA vendor (produced by the Projectxfx.com group, which also has the XFX Myriad and XFX Fractal EA) that claims to develop the best tools for trading with a backtest of 10 years. Is XFX hunter EA legit or a scam? Forex trading signal providers are on the increase, it is important to get the proper signals from the right sources. Read this review to know more about this signal vendor.

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more 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 as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

Who Owns the XFX Hunter EA

XFX hunter EA is a product of the XFX group who claim to be a professional team of investors, traders and software developers that has been developing and distributing software for MT4 for over five years. Yet we do have any information about the members that make up this team.

How does the XFX hunter EA work?

The software is made for MT4 platform and claims to be based on complex strategies which works with 16 different indicators, 8 of them are created and designed by XFX project. Although, XFX project team tried to give an explanation of this strategy unlike some other forex EAs, the strategy is not well explained.

The trading results of XFX hunter EA on myfxbook shows a gain of 159% and a draw down of 45%. this level of draw down is obviously more than the acceptable draw down for forex trading. The result also shows trades have been executed for only one year. This myfxbook result is not available on XFX hunter’s website.

XFX hunter EA is sold for $350 and the software comes with manual in PDF, different setfiles as well as software updates. But the requirements is that the software should be used on MT4 accounts and XFX hunter recommends a minimum balance of $1000/$2000 for standard account and $100/$200 for cent account as well as VPS ( virtual private server). The purchase fee is very expensive compared to other EAs.

XFXHunter Client Feedbacks

As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.
So far, there have not been any client review on XFX hunter.

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Conclusion

Although, XFX hunter looks attractive, there are still some qualities missing about it and the cost of purchasing the software is really high.

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XFX Hunter EA Review

XFX Hunter EA is an automated trading software developed by the Projectxfx team. The XFX Hunter EA is based on multiple indicator strategies. The price to purchase a license is $350. They recommended timeframe remains undisclosed, however, the currency pairs traded includes some minor and major pairs. The XFX Hunter EA requires that the trader must have a VPS, MT4 platform and is willing to deposit at least $1000-$2000 in Standard account.

What is XFX-Hunter EA (Found at projectxfx.com)? Either is XFX Hunter Forex Robot scam or legit?

XFX Hunter EA Review

  • XFX Hunter EA is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
  • Forex robots like XFX Hunter EA are getting a lot of hype of late and Forex robot scams are not far behind.
  • Forex robot like XFX Hunter EA can only be as smart as its creator. The creators of these systems are looking to make a quick large sum of money and are not looking at the fact that the most predictable thing about the Forex market is the changes you cannot predict without watching the changes carefully. Anyone who knows the Forex market well and understands it will recommend a live person with their own trading strategy and then and only then does it make sense to automate any of it.
  • The companies producing Forex robots like XFX Hunter EA often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.
  • Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.

XFX Hunter EA Strategy

XFX Hunter EA is owned by a new company called XFX Group, which we saw at mfxbook is based in Russia. The XFX Group started business early last year and so far developed up to 3 expert advisors and some indicators.

During our review of XFX Hunter EA we saw that they provided fair explanation of the software methodology with facts on the popular indicators that drive the robot. From what we told, XFX Hunter works on multiple strategy brought together.

XFX Hunter EA Result

XFX Hunter did not provide a verified trading result to backup their strategy.

The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.

Our best advise

Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.

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