Learning the tips and tricks in Forex helps traders to rake up profits. To help them learn more about the appropriate foray into trading, Forex Blade LLC provides users with three resources, namely Discord Chat, a learning platform, and an expert advisor platform. How does this company fare in terms of reputability, reliability, and efficiency? Read this Fx Blade review to know about this LLC and our recommendation.
Detailed Forex Robot Review
Launched in 2019, Forex Blade LLC is run by a team of Forex experts with over 20 years of collective experience. Andrew Narouz, Waqas Zafar, Dylan Draxten, and Martin Contreras form the main members of this company. The official website provides information on the members and their stories. However, only two of them are shown on the main webpage.
Education, testimonials, signals, giveaways, and more are found under the ‘Discord Chat’ section. Under the ‘Learn’ segment, information related to Forex trading is provided. As for the Expert Advisor section, the company provides two robots for trading under volatile market conditions.
Any further information is difficult to access as clicking on the links takes you to another site. For instance, the Learn option links to Forex Blade.org. Here, you will find a trading education program that is priced at $250, offering coaching sessions, advanced lessons, and a few gifts and certifications. Lessons are broken down into beginner, intermediate, and expert levels. A few are offered for free, like the Forex Blade EA 2020 course.
Fx Blade Strategy Tests
Although the Expert Advisor course is offered for a free trial spanning 14 days and the vendor contends that it works on live and demo accounts, there are no verified results to prove this claim. Further, the link to the signals service appears to be broken. This kind of sloppy management raises a red flag.
No Live or Demo Account Trading Results
We could not find any real clients or results that corroborate the vendor’s claims of huge profits with very little effort. And, there is no mention of the strategy used, backtesting, or the live trading results and their specs on the official site.
It is the trading results that reveal the trading method, win percentage, compatibility with MT4 and MT5 platforms, and updates on the methods used. Since the website does not have information regarding this, it is difficult to assess the efficiency of this system and its feasibility.
Although there are no verified trading accounts from the FXBlue or Myfxbook sites, we have conducted additional research and found this real Forex Blade EA account, which seems to be their account, but we are not sure about it.
Well, let’s analyze what we see:
From the real account trading we found a gain of -8.89% and an absolute gain of -4.97%. The discrepancy between the absolute and total gain is puzzling. Furthermore, the daily and monthly gains show losses at -0.07% and -8.89% respectively. And all other information provided is hidden by the trader which makes it even more difficult to analyze the results.
Offered at a price of $250, the trading system includes 54 lessons, certifications, and one on one coaching sessions. However, the vendor does not offer a money-back guarantee. Since a refund offer is a sign of how reliable the system is, this raises a red flag for this system. With the offerings this company provides, the product is highly overpriced.
On the main webpage of the Fx Blade site, there is a mention of user feedback on the Trust Pilot site. Here are a few of the reviews by users. The reviews are from current users and indicate the ease of communication and accessibility to signals. But, we could not access the signals service on the website, which makes us doubt the authenticity of the reviews.
To conclude our review of Fx Blade, the company does not look promising. The haphazard way the website is designed is the first drawback we found. And, this is just one of the many shortcomings we spotted in this trading system package.
There is no vendor transparency and the proof of their live results where they claim to make huge profits is completely absent. With some of the services not working and given the expensive price tag, it is highly unlikely that prospective traders will find the system useful.
The absence of solid proof related to its performance and suspicious-looking user feedback are huge negatives that cannot be ignored. Given the various disadvantages present here, we would not recommend this trading system.