Categories
“Forex Fury is the next generation of automated trading software.” This is according to the bot’s official Facebook handle. The software is said to have been built from scratch by a team of trading enthusiasts and after years of hard work, they now wish to share their success with the rest of the world. Today, we’ll be reviewing what the team terms as ‘a time-bound winning robot’ to gauge its level of “fury” as far as trading is concerned.
Without further ado, let’s jump on to the juicy part of this EA review.
What is Forex Fury?
Created in 2014 for automated forex trading, Ontario-based businessman Patrick Ryan is the founder of Forex Fury. Ryan runs the platform alongside Joe Damien as the head analyst and Hossein Nouri as the lead developer.
The team claims their platform offers the ultimate forex winning formula evidenced by a 93% rating by Myfxbook for recorded winnings. The software is apparently compatible with NFA, FIFO, MT4, and MT5 Build 600+.
Trading pairs range from fiat currencies to indices to crypto. In addition, the robot boasts a 5-minute signing up process supported by detailed guides and video tutorials.
EA Review: Trading Technique
Forex Fury’s trades are fundamentally based on a time restriction. According to them, this will limit losses since their software operates at specific times only. Also, their trades open between 4-5 pm EST during which the market’s volatility is allegedly low, paving the way for ‘easy’ pickings based on advanced scalping techniques. As a result, this EA only engages in trades for about an hour daily.
According to its website, trading for one hour daily has enabled its bot to focus on testing more data to avoid engaging in frequent non-data-backed trades. This way, losses are minimized, better insights are derived from the market, and investors end up with more profits, they claim.
EA Review: Forex Fury Community Trust
For starters, we checked out Forex Fury’s website. And believe it or not, it looks pretty simple and easy to navigate, unlike most trading robots we’ve come across; so this is a definite plus for brand image.
In terms of published trading stats, we thoroughly examined the listed charts. Our focus was drawn to the GBP/USD one with most of the info including the latest updates, withdrawals, and balances seemingly checking out. The only notable red flag here is that Myfxbook couldn’t verify the robot’s track record.
The ‘track record’ makes it possible for Myfxbook to automatically validate data reflected in the charts. That’s a crucial detail that needs relooking if they’re to gain the public’s trust beyond what their website says.
Also, Forex Fury has a rating of 4.2 on Trust Pilot after 133 reviews. This is a decent rating even for a robot with some unverified data. Next, we scrolled down to the individual reviews section and came across a mixed set of feedback. We’ll let you be the judges:
So? What do you think? Let us know in the comments section.
Final thoughts
In conclusion, Forex Fury’s lowest license costs $229.99 and the plus package is $439.99. When purchased, each package grants you lifetime membership, free updates, unlimited demo accounts as well as high-performance settings.
We thought of presenting you with the prices at the end of this Forex Fury review to make sure you have a clear mind when opting in or out of this EA.
In our opinion, this robot is fairly decent save for a few concerns including the track record verification issue and the scam allegation by one of the Trust Pilot reviewers which up until this post went live, hasn’t been addressed by the Forex Fury team. Of course, we could be wrong on this one, but we’d rather you approached this robot with the caution it deserves.