FXOxygen.com Review: this is the name of an automatic Forex trading robot that claims to trade 24/7. Is FX Oxygen a legit Forex EA or a scam?
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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.
On the website, FXOxygen.com, we do not find much on the robot. It looks like it was put together just to have something when it is opened. Nothing of much note is there besides a result, five features and few other things. We had found the robot being offered for sale on the Forex Store page so it seems like their product.
We find it disheartening that many things are lacking by way of information. The vendors however have mentioned that they design robots to try removing the several fake robots being sold from the market sphere. They claim to be really after the profitability of trading by traders.
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.
How FX Oxygen Works
Like we have already mentioned, information seems not to be the strong fort of the designers of this product. Although we are used to some not providing all of how their product works, it is unusual to find no mention of the strategy. Traders cannot be satisfied if they cannot find any real details as to how the robot works.
During our research we found that the EA was launched around 2015 and that they trade only two pairs: EURUSD & USDJPY. Not much else is decipherable for now on the way the product works.
FX Oxygen Pricing Structure
It is sold for $210 with a money-back guarantee of 30 days after purchase is made. Some of the features we find do not also help, they are listed as:
1 lifetime license
Highly profitable mode
Free lifetime updates
Trading Results of FXOxygen
We have another issue here. Like we mentioned, it was discovered the robot has been existing since 2015 and then it provided a MyFxBook verified account. However, that account no longer exists and the new account it provides just started trading in 2018.
Since we cannot find any result from 2015 to 2018 it can only mean that the vendors have been deleting their accounts after it has blown up. We want our readers to be aware of this.
Although the new account started well, it seems to be faltering in recent trades. It seems to be pointing to the fact that FX Oxygen cannot hold on for long and it can only meet short term profits.
Client Feedback on FXOxygen
This is also missing from third-party websites. It is important to know what clients are saying about a product before trying it out. Traders would be wise to wait until these becomes available before patronizing the vendor.
There is a message form provided on the vendor’s website to get in touch and get help and needed support.
Conclusion on FXOxygen
For now, FXOxygen does not convince us enough and we cannot recommend it for our readers. Some of the issues pointed out should be fixed before they expect favorable reviews. Also, client reviews should be made available on websites that can be trusted.