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So far, we’ve done tons of reviews and helped reveal potential swindlers masquerading as FX trading tools. We’ve also uncovered great insights about certain EAs. In this Volvox Trader Review, we’re going to dive deep into the good, the bad and the ugly of this robot.
So if you’re in the market for an EA, you might want to read this review to the end as it will help you gauge this and most other tools in terms of features, trading approach, legitimacy, and more.
For starters, let’s get the basics right.
What is Volvox Trader?
Volvox hit the forex markets in 2018 with a promise of granting investors guaranteed profits in any market. The tool is said to be a self-adjusting trading robot and with the ability to monitor the markers and develop custom trading logic.
But there are dozens of other robots with this functionality, so this is pretty standard in the EA space.
Volvo’s creators do not provide much information regarding their trading strategies, history of trades (save for a few weeks in 2018 and 2019), as well as market experience. Contact details are also scanty, no phone number or live chats are available save for an email address.
Volvox Trader Overview
Description: Self-adjusting trading robot
Price: $179-$499
Trading Strategy: Unknown
Timeframe: MT5
Trading pairs: EUR/USD, GBP/USD
The robot’s prices come in three packages:
Volvox Trader Review: Trading Outlook
Volvox’s trading account is hidden on Forex Peace Army with the last available transaction dating to 2019. However, the site shows a few useful insights regarding the robot including the increase in weekly pips (+71 on that particular week), average weekly profit and loss which stood at 4.75%, as well as the maximum equity used (9.85% as of Jan 2, 2019, 6:02:00 PM).
Here’s one of their trading summary for your perusal:
Apart from these, nothing much is available to the public.
Conclusion
In summary, it is important to mention that the robot’s only available user feedback wasn’t surprising at all considering how its developers conceal information from the public.
We don’t recommend using Volvox due to multiple unresolved issues such as the ones raised by the above user as well as the fact that their site has been offline for a while now. Our two possible conclusions are that either the Volvox Trader team ceased operations or it’s yet again another forex fraud.
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