Forex Cyborg Review
Today, we will take a look at the Forex Cyborg review on our Best Expert Advisor Blog. In addition to our usual review, we will highlight some of the good points and some cons of this review. Then, we’ll analyze and study the trading strategy, its pros and cons, whether it’s an investment worth the risk, and more!
What is a Forex cyborg?
The Forex Cyborg review discusses an automatic forex trading bot that works with MT4 trading platforms. By implementing this bot within the trading platform’s EA functionality, your bot could achieve an astonishing win rate of 77% across a range of key currency pairs.
Forex Cyborg is a trading platform designed for professionals. Here you will find a detailed review of the main features and functions of the bot, so you will know how it can help you in your trading.
How does it work?
Forex Cyborg makes trading easy and simple. Nevertheless, the team of traders and computer programmers develops the processes used to keep things running smoothly. The end result will be a forex robot that appears to be quite effective and profitable.
To use the software, you will need Metatrader 4 as well as Forex Cyborg. By activating it with Metatrader 4, Forex Cyborg will handle everything, such as opening the order, setting the proper stop loss, and adjusting the transaction at the right time. Forex Cyborg supports the simultaneous trading of up to 18 currency pairs. With MT4, it is available for both desktop and mobile users. It works with 15-minute time frames.
There is a lot of testing behind the Forex Cyborg system. In addition to the simulator that predicts actual trades, developers have also been able to include a real-time trading scenario.
Who is behind Forex Cyborg EA?
There was no information about the team behind Forex Cyborg EA that we found when searching for this Forex Cyborg review. Its official website does not mention them, nor does it identify its developers or creators.
The company’s location is not yet revealed, and the company does not even have an email address for customer support in case anything goes wrong. Instead, you must fill out the form with your concerns at the bottom of the page in order for them to contact you.
Most customers possess a sense of confidence about their purchases upon knowing a little more about those selling the products they desire. Therefore, this is a major drawback.
Personally, I am most interested in forex robots reviews that discuss the trading strategy. As a result, it is time for the Forex Cyborg Review to show you how the trading strategy works. Unfortunately, a web search of Forex Cyborg’s website failed to reveal much about the strategy. But we have gathered all the vital information you need to know about this trading strategy. Therefore, please read all the way to the end.
Trading with multiple currencies is made possible using neural networks. For example, for Forex Cyborg, possible currencies are AUDCAD, AUDCHF, AUDUSD, CADCHF, CHFJPY, EURAUD, if you want to trade with them.
The most commonly traded currencies include EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPHF, GBPUSD, USDCAD, USDCHF, USDJPY, and EURNZD. 15 minutes are allotted for it.
When trading is not favorable, the stop-loss mechanism is designed to protect you. In order to get the desired result, you may customize your settings, risk percentage, lot size, and many others. Currency pairs are traded between 17:00 and 23:30 GMT based on the currency pair they are dealing with. The signals they use include the scalping indicator MT4 and several premium indicators.
In addition, grid-based trades avoid risky trading techniques such as martingale and arbitrage. The official website has verified trading results from third-party websites, another aspect upon which traders like you can take a breath of relief. It is one of the reasons why 15 minutes are allotted for it. Fortunately, Forex Cyborg also offers the possibility to withdraw your losses after profits, meaning that you can only trade when you are making surplus money. Considering all these positive results, we believe it’s worth trying.
- It is entirely automated, so there should be no human error
- It is simple and easy to set up in only a few minutes.
- The trading platform is MT4 which you can download for free from the web.
- Ten years of historical backtesting data have been used to create the software.
- Traders can customize their forex chart as per their trading plans and preferences with Forex Cyborg.
- Multiple currency pairs are available for trading.
- There is a 30-day money-back guarantee.
- Depending on market conditions, it can diversify
- Providing lifetime updates.
- The company provides dedicated support 24 hours a day.
- To manage your money, it has a currency correlation risk management system.
Pricing and Packages
There are two packages available on Forex Cyborg’s website so that you can choose one according to your needs. Following are both of them, as well as their features and prices.
The gold package costs 499.99 EUR. Here are some of the features:
- It has 18 different currency pairs
- Licenses for unlimited demos
- Only one real license
- Provides lifetime support
- Lifetime access to software updates
Currently, this one is priced at €599.99. However, here are some features of it.
- 18 currency pairs
- Licenses for unlimited demos
- Three real licenses
- The promise of lifetime support
- Lifetime updates for software
For this Forex Cyborg review to be complete, we had to search for the client’s feedback. On the official website, many reviews from clients appeared at the end. Every single one was positive, as usual.
However, you can see that some third-party sites do not have very positive reviews from clients. However, some of them are really nice, from satisfied customers.
Pros & Cons
- You can return the item within 30 days.
- Provides support for up to 20 different currencies.
- Profitable money management.
- Trades require no deposit.
- This is designed for experts.
- No clear strategy for trading.
- Both packages are costly.
Conclusion of forex cyborg review
Thi forex bot Forex Cyborg can trade with a large number of assets at the same time, making it a versatile trading tool. The robot capability we are discussing here doesn’t appear to have a reasonable price, and it seems to operate with high levels of confidence and transparency. Tests have repeatedly shown that Forex Cyborg’s return is very high, and this is evidenced by extensive real-time testing. However, you must try the demo account before buying this robot.