Winclubfx.com Review: this is the website of a Forex Expert Advisor or EA developer team and they claim to be the brains behind WinFastFX EA. Is buying this EA worth it? Read our review to see what experts have to say about the Forex trading software.
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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.
WinFastFX EA Review
When we accessed the EA’s website, Winclubfx.com, we found that WinFastFX EA is just one among several trading robots that the vendors offer. This particular EA sells itself as a tool to help traders reduce potential stress and rethink.
The team at Winclubfx.com claim that over 10,000 traders are using their EAs. However, this cannot be true as the trading software, WinFastFX EA, is barely a month old. The website also looks poorly designed and sparse.
How WinFastFX EA Works
WinFastFX EA appears to be trading with a time-limited strategy. But the vendor does not provide full details about what particular strategy the robot uses. We researched and found that it actually trades on H1 time frame and on GBPUSD pair.
It also uses trading parameters and settings such as take profit, stop loss, max orders, trailing stop, start hour and final lesson. Yet, we usually appreciate it when vendors are transparent with how their products work.
In this department, WinFastFX EA fails to meet our expectations of a legit EA and the team need to do more if they are to be considered serious.
WinFastFX EA Price
WinFastFX EA is free, but traders have to register with the following recommended Forex brokers; Tickmill, FBS, ICMarkets or XM Global. This simply means that it is not free because you will have to pay a minimum deposit to trade with the Forex brokers we just mentioned.
We do not appreciate this kind of pricing strategy but some traders may prefer it, especially if they are already clients of the recommended brokerages.
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 WinFastFX EA does not have customer reviews available on any third-party website. Additionally, WinFast FX EA 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 EA and other products, customers will have to fill a message form on the website.
WinFastFX EA does not tick many of the boxes of a legit Forex trading EA and this is discouraging. 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
- No trading results
- No customer review
- New vendor without proven track-record