Fxmonopoly.com Review: this is the website of a Forex signal or vendor that claims to be the brains behind FX Monopoly. Is buying this signal worth it? Read our review to see what experts have to say about the Forex trading software.
What Are Forex EAs, 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 also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.
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.
FX Monopoly Review
When we accessed the vendor’s page, we found that FX Monopoly is some sort of manual forex trading system offering a MetaTrader 4 trading platform. It mentions that the platform is free to download and it offers signals via several means.
Its landing page is more of a blog where it posts articles about the stock market and other interesting news that traders would be interested in. It also claims that its signals are beneficial to both new traders and also expert traders.
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How FX Monopoly Works
FX Monopoly sends trading signals to traders who have set up their trading accounts using its MT4 trading platform. Traders can set up accounts on currency pairs and time frames of their choice. The system allows traders to set signals with a strong risk to reward ratio; this prevents total loss of funds when they encounter losing trades.
Also, using FX Monopoly, traders can also adjust settings like price action.
FX Monopoly Bot Price
FX Monopoly does not mention pricing on its website and this is disturbing. Traders would appreciate it if vendors were open with their pricing as well as know what paying means is available. It seems you have to download the free MT4 trading platform first to access the signal page.
However, we were able to find from another source that FX Monopoly requires $47 for its software.
We found that it also offers a 60 money-back guarantee and this means that if you buy the product and it does not work, you can return it.
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.
We found that FX Monopoly does not have customer reviews available on any third-party website. Likely, this is because FX Monopoly is still new. But, it also does not provide trading results from a live account.
This is discouraging as it shows that the trader really has no proof of how the robot fares in the Forex market.
To get in touch with the vendor and find out more about the product; you have to access the website and send a message via a link on it.
While FX Monopoly does tick some of the boxes of a legit Forex trading EA it doesn’t tick some. The fact that it also doesn’t provide trading results is also a red flag for us. Thus, we cannot recommend that you go ahead to purchase this robot.
- Affordable pricing
- 60-day moneyback guarantee
- Unclear website
- No trading results
- Manual trading, not automated