AX Trader assures a monthly profit of 39% without any input on your part. This automated system from Leapfx uses high-frequency trading. It works on 6 currency pairs and the vendor claims that it is beginner-friendly. This ATS uses a combination of trend and Fibonacci methods to ensure high returns and low risk. As per the vendor, the system has generated more than 100% profits in less than three months.
AX Trader trading strategy
The overall direction of the market is determined by the ATS while it dynamically adjusts the entry points by using Fibonacci calculations. It uses dynamic management of each trade and locks in the profits allowing your account to grow smartly. The vendor states that the automated system does not need any input from you and can work without any adjustments or interference.
AX Trader backtesting report
No backtesting results are present for this FX EA. The absence of backtests prevents us from evaluating the system properly.
AX Trader live results
The vendor provides a real live USD account for this FX EA verified by the Myfxbook site. Here are a couple of screenshots of the trading results:
From the info present in the above screenshots, we can see the EA uses the Blaze Markets broker and the leverage of 1:200 on the MT4 platform. A total profit of 404.45% and an absolute profit of 415.39% are present. The daily and monthly profits are 0.53% and 17% respectively. For a deposit of $5000, the account that started in April 2021, shows a drawdown of 67.99%. We find the drawdown is very high indicating a risky approach. Further, the profits are not as high as claimed by the vendor. For a total of 17,309 trades, 79% profitability is present and the profit factor is 1.53. The lot sizes used vary between 0.02 and 0.03.
Some features of AX Trader
A few of the feature highlights for this FX EA that the vendor focuses on are:
- It works on the EURUSD, GBPUSD, USDCHF, AUDUSD, USDCAD, and USDJPY pairs.
- The FX robot uses an inbuilt news detection method that helps to profit from the extreme volatility.
- An inbuilt auto money management feature is present.
There are no details on the recommended time frame, leverage, brokers, deposit, etc.
|Average monthly gain||17%|
|Price||$297 – $497|
|Type||Trend and Fibonacci|
|Currency pairs||AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD|
Main things to consider if you invest with AX Trader
If you are interested in this FX robot, then you need to pay attention to the following factors:
Live verified results
The vendor provides live verified real trading results for the system. From the results, we can see the system shows high profits. But the drawdown is also high which shows that you stand to lose more than half of your capital.
An annual membership costing $297 and a lifetime membership costing $497 are the pricing packages for this FX robot. When compared to the market average we find the pricing is expensive.
Lack of vendor transparency
LeapFX is the company that promotes this ATS. We could not find info on the developer or developer team responsible for making this system. There are no vendor details like founding year of the company, location address, phone number, etc.
Lifetime membership for this FX EA will cost you $497, while the annual membership package costs $297. Free updates, best recommendations, customer support, and a 30-day refund are the features provided with the software package.
We found 16 reviews for the LeapFX company on the Forex Peace Army site. Here are a couple of the reviews:
From the above feedback, we can see that the FX robot has wiped out the account of a user who feels it is very risky and not worth the profits. Another user also complains of losing money with the system and the poor support service.