EOS Forex EA Review
EOS or Empire of Scalping forex EA is developed by a team of expert developers, based in Hong Kong. While the team or the company behind the robot remains anonymous, their Hong Kong address is available on the website. Traders can reach them via skype or email too. The vendor claims EOS to be the best automated trading solution, promising consistent profits.
The developers claim to offer a reliable and consistent forex EA that can be easily customized as per the needs of the trader. The EA is said to undergo continuous coding to cater to the dynamic forex markets and ensure optimum performance of the robot at all times. However, the anonymity of the vendors and the lack of proper robot information depict a lack of transparency on the vendor’s end.
The EOS Forex EA is available to the traders in two varying packages:
- Single License Package – Traders can get a single account with a free demo account for $399.
- Full License Package – Two real accounts are available to the traders with a free demo account for $599.
The lifetime trading license is provided for a one-off payment. Traders do not enjoy the freedom to pay in installments from their earned profits. The vendor offers a 30-day money-back guarantee. However, this cannot be considered as a performance indicator as many vendors practice this to lure traders into buying their product.
How it works
The EOS Forex EA is a scalping tool as understood by the name of the robot itself. The EA is compatible with the Meta Traders trading platforms, that is one of the most popular forex trading platforms. The vendor, however, fails to guide the traders properly about how they should use the forex system. The website does not provide any recommendations for the deposit or the broker. The time frames used by the EA for trading have also not been disclosed. Such lack of information does not instill confidence in the robot.
The developers behind the EOS Forex EA have not provided sufficient information about the trading and working of the EA. If the robot employs any strategies like martingale or grid is unknown. The website boasts of providing traders with high customizability. However, the settings that the traders can customize are not disclosed. Such secrecy from the vendor’s end makes it appear suspicious and raises questions about the performance of the robot.
The vendors have been generous to share three Myfxbook accounts on the website. The trading results for the MT5 platform are not verified, implying a lack of credibility. The results show a gain of almost 120% since March 2018, with a drawdown of 35%. On the other hand, the FPA account results do not provide sufficient information as almost everything has been kept private by the vendor. Again, the standard account that seems to be reliable has not been updated since December 2018.
All three Myfxbook accounts fail to provide traders with lucrative and trustworthy trading results. The actual performance of the robot cannot be gauged from these.
Pros & Cons
|Pros of the EOS Forex EA||Cons of the EOS Forex EA|
|Vendor provides Myfxbook accounts||Lack of vendor transparency|
|Compatible wit MetaTrader4 Platform||Trading strategy undisclosed|
|Lack of reliable customer reviews|
|No trading recommendations provided|
|Unreliable trading results|