ROFX Review – Profitability and Reliability

Developed in 2009 by a team of traders and skilled software developers, robot ROFX is your personal forex trader that aims to help traders in earning profits. The robot has been used by many traders and it has been able to help them succeed, even the ones without any knowledge or formal trading experience. After conducting plenty of research and viewing top forex robot review tests, here is an honest review of ROFX.

Advantages of ROFX as claimed by the developers

There are several reasons why it is better to trade with ROFX expert advisor than trading all by yourself, such as:

1. Beginner-friendly software: As you might already know, the world of foreign exchange is complicated and it takes years to gain the ability to analyze the forex market. You must have experience of a few years to become a successful trader. So, as you start trading, using a complex EA is painful. By using ROFX, however, your job will be a lot easier. While only one percent of beginners can earn profits in trading, ROFX increases your chances of making money.

2. Wonderful trading strategy: ROFX offers excellent automated forex trading strategy so the trader can move to the top by skipping the trial and error method.

3. Elimination of human errors: ROFX expert advisor operates with the algorithmic forex trading platform which eliminates the possibilities of human errors.

4. Minimized emotions: To become a successful trader, it is important to let go of your emotions and be as logical as you can during trading. Only then, you can make the best trading decision. With the help of the fully automated forex trading system of ROFX, you can minimize your emotions through the trading.

5. Consistency: With the automated trading system of ROFX, customers can achieve consistency in trading.

ROFX EA - Features

ROFX has a lot of excellent features that make trading easy for traders, such as:

1. Easy start: Beginning to trade by using ROFX expert advisor is easy. Traders can start with a trial short-term investment that is valid for thirty trading days.

2. Transparency: Unlike other forex robots that are scams, ROFX is transparent. Traders do not need to pay any hidden fees after they start using the EA.

3. Daily profit: The traders do not need to wait several days to earn profits. If a day is a profitable one, then the profit can be gained daily at the end of the day.

4. Deposit security guarantee: ROFX offers the guarantee of deposit security as amends are made by the reserve fund of this company.

5. Minimum risks: ROFX is known as a “No loss forex robot”. With its stop-loss system, it can block trading and keep the loss at a minimum.

6. Return of funds: One of the best parts of this robot is that the trader can get back the funds he has invested back anytime.

7. Support 24/7: ROFX offers its support team with live chat 24/7 so customers can reach out to them anytime.

ROFX features and benefits claimed by the developers are truly wonderful. However, the reliability of the claims still remains in question. The answers can be found from the Myfxbook account of the EA robot.

Trading record of ROFX on Myfxbook

From the trading chart on Myfxbook, the statistics can be obtained.

In the chart above, we can see that the account has started its journey on July 30, 2018, with a deposit of $10000000. At present, the balance is $55872571. Withdrawal is $0, which means that it has made a profit of $45872571. It has 100% equity, which is great. Drawdown is very impressive, at 0.35% currently. The gain and absolute gain of the account are +458.73%. Along with 0.26% of daily profit, the monthly profit is 7.98%. The growth is enormous in a short amount of time. Since July 30, 2018, the account has only produced great results until now.

Now, you may move to other charts that display trading, advanced statistics, and trading activity. Great results are reflected there as well, and the account maintains transparency until the very end with its clean and certain data.

Is ROFX a scam?

Even though the trading results on Myfxbook are impressive, it is important to make sure that the chart is genuine and trustworthy. This is how you will do it:

Verification: How can you trust the data of a chart if it is not verified? If you look at the top of the ROFX trading chart, you will see that the track record and trading privileges are verified. Thus, it can be trusted.

Realistic data: Trading charts of some robots show that the account has started trading with a very small amount of money and earned enormous profits in no time like a couple of months, which is not realistic at all. On ROFX chart, however, it can be seen that a great amount of money has been deposited in the beginning and it has made profits through a long time span of two years.

Last update: Even though the data of the chart is realistic and the chart is verified, there is still a place for the scam. You also need to make sure that the results you are looking at are not past results but recently updated. On the ROFX chart, you can see that the chart is updated only ten hours ago, which confirms the authenticity of the data.

Open and private data: As mentioned before, all charts on ROFX Myfxbook account are transparent and you can see any data you want. Apart from the open trades and open orders, nothing is private. It is also a sign that the account has nothing to hide. So, it can be trusted.

Final thoughts

Considering the results gained from ROFX trading account, we can reach the conclusion that ROFX is a reliable forex robot. So, we would recommend you to go for it without hesitation. However, you cannot download this robot. A free account can be created on the official webpage, and then the trader can purchase a plan to start trading.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes