FxDiverse Review

FxDiverse is a Forex EA that lets you trade in as per your preferences while letting you choose which pairs to trade in, the risk level, as well as the profitability. As per vendor claims, this robot has proven stability and profitability, and you don’t need any special education or knowledge to win profits using it. Since there are several other Forex EA vendors making similar claims, we need to determine whether they are genuine or not.

Detailed Forex Robot Review

On FxDiverse’s official website, the vendor has highlighted the chief benefits offered by the Forex EA, apart from providing live statistics of the system’s profitability. The presentation is quite brief, with the features being discussed in short, along with the pricing details. There is also a contact form you can use to send a message to the service team. 

We don’t have any information on the company behind this Forex EA, which is quite disappointing. In terms of vendor transparency, this system fails to impress us, since no data has been provided about the company’s history and background. We also don’t know the identities of the developers and the traders, and no physical address has been furnished for the company headquarters.

FxDiverse lets you trade in 28 different currency pairs and by choosing more pairs, you’ll be entering the market more frequently. On the other hand, if you choose fewer pairs, the orders will be more accurate and less frequent. This Forex robot uses logical and intuitive settings so both seasoned and novice traders can use it comfortably. 

When you purchase the EA, you get a user manual detailing all the necessary steps and procedures. FxDiverse is compatible with any broker since it is insensitive to swaps, spreads, and requotes.

FxDiverse Strategy Tests

We have no information about the trading strategy used by FxDiverse for extracting profits. The majority of Forex traders place a lot of emphasis on the technical details of the trading strategy since it allows them to assess the system’s reliability. Without knowing what indicators this robot uses, we don’t know how profitable trading opportunities are identified by the system, and so it becomes difficult to assess whether the strategy is effective or not.

Backtesting data is not provided by the vendor on the official website. From backtesting data, we get an idea about the system’s robustness, i.e. its ability to survive during difficult market conditions. It also reveals key parameters like relative drawdown, win percentage, absolute drawdown, gross profit, etc. Thus, we hope to see this being included in the future.

Real Account Trading Results

Live trading results have been provided for an FxDiverse account verified by Myfxbook. It has been active since 2015 and a total of 2385 trades have been placed through it. This trading account has a moderate win percentage of 56%, and an average win of 124.21 pips/$474.54.

The total amount of deposit made for this account is $10,000, while the net profit generated is $153874.44. This translates to a time-weighted return of 1538.74% and equity of $159,054.02 (97.06%). While the daily and monthly gains of 0.13% and 3.84% are quite satisfactory, the drawdown is a bit high at 47.15%.

We can also see that this account has a profit factor of 1.32 and a Sharpe Ratio of 0.08. After going through the recent trades, we didn’t notice any large losses, although the wins have been quite small as well. Although the trading results are nothing spectacular, we can see that FxDiverse earns moderate profits with each trade and manages to avoid losses most of the time.

Pricing

FxDiverse has two pricing plans, yearly and unlimited. While the yearly plan costs $235, the unlimited plan is available for $275. Free updates and support are provided for both the plans and the vendor also provide a 30-day money-back guarantee. So you don’t have to worry about getting stuck with this robot if it doesn’t manage to earn your profits within 30 days.

Customer Reviews

In the one review, we found on the forexpeacearmy.com, the customer has criticized the high drawdown of the system. He has also stated that the vendor hasn’t responded to his request for a refund. Such negative reviews are enough to deter any Forex investor from purchasing this system.