Expert AdvisorsForex

XXL Forex Real Profit Review: Things You Need to Know Before Investing

3 Mins read
2.2

XXL Real Profit assures steady profits for users with its automated trading software. The FX EA uses multiple indicators for analyzing various market conditions. As per the vendor, the system can automatically open and close trades. It works mainly on the GBPUSD, EURUSD, and AUDUSD pairs. 

XXL Forex Real Profit trading strategy

According to the vendor, the system does not use methods like the Grid or Martingale which are risky. Instead, it uses indicators for evaluating the trend, price action, support and resistance, and other aspects. The vendor states that the signals from the system can help make big profits. We find the explanation is vague and does not provide a proper insight into the working method.

XXL Forex Real Profit backtesting report

No backtesting results are present for this FX EA on the official site. Besides not providing a proper explanation for the approach, the vendor does not provide strategy tester reports. The lack of backtests prevents us from analyzing the performance using historical data.

XXL Forex Real Profit live results

The vendor provides live results on the myfxbook and FXBlue sites. But the results on the myfxbook site have been deleted. But the account on the FXBlue site is active and here is a screenshot of the results:

Live trading results found on the FXBlue site
Live trading results found on the FXBlue site

From the above stats, we can see the real USD account shows a total return of 3.3% for a deposit of $750. The account started in November 2021 has completed 83 trades with a peak drawdown of 8.2%. A monthly return of 1.5% and a weekly return of 0.3% are present. Profitability is 69.5% and the risk to reward ratio is 0.49. From the low profits,we suspect that the performance and strategy are not effective. But the low risk to reward ratio and the low drawdown show a low-risk approach.

Some features of XXL Forex Real Profit

Some of the key features that make this FX robot stand apart from other similar products according to the vendor are:

  • It is easy to set up and use.
  • The FX robot works on all types of accounts including standard, micro accounts, ECN, and mini accounts.
  • It keeps analyzing market conditions 24/5.
  • The FX EA does not use the Martingale or the Grid methods.

There is no info present on the recommended currency pairs, timeframe, leverage, deposit, and other aspects. The lack of info makes it difficult to evaluate the system properly.

Total return3.3%
Maximal drawdown 8.2%
Average monthly gain 1.5%
DeveloperBroker Profit
Created, yearN/A
PriceN/A
TypeIndicator, price action, and trend
TimeframeN/A
Lot sizeN/A
LeverageN/A
Min.depositN/A
Recommended depositN/A
Recommended brokersBroker Profit
Currency pairsAUDUSD, EURUSD, GBPUSD
ECNYes

Main things to consider if you invest with XXL Forex Real Profit

If you are interested in this EA, then you need to pay attention to:

Strategy used

The vendor does not mention the strategy that this ATS uses. Instead, there is a vague mention of indicators used for analyzing various influencing market factors. Other than stating that the robot does not use risky methods like Martingale or grid, the vendor fails to elaborate on the approach. 

Real trading results

Verified real trading results are present for the FX EA on the FXBlue site. From the info present, we find that while the risk is low as claimed by the vendor, the profits are below-average only.

Lack of vendor transparency

There are no details present concerning the company, developer team, location, phone number, etc. The lack of vendor info makes us suspicious of the reliability of the system. Further, there is no mention of the pricing of the robot.

Pricing details

The vendor does not reveal info on the pricing of the FX EA. We could not find other details like the features available with the package, refund policy, etc.

Other notes

We found one review for this company on the Forexpeacearmy site. Here is a screenshot of the feedback.

User review on the Forex Peace Army site
User review on the Forex Peace Army site

From the above testimonial, we find that traders do not trust the system. On the screenhot above, the user complains about the poor strategy and big losses sustained with the system. Further, the user also mentions that the support is poor. From our analysis of the system, we find that the vendor offers an email address for support. No other support methods like FAQ, live chat, phone number, etc. are present.

XXL Forex Real Profit Summary

2.2
XXL Forex Real Profit offers profitable trades with its indicator-based system. Our review reveals that while the vendor provides a live real account verified by the FXBlue site, there are some drawbacks you need to mull over. The downsides we found include the lack of vendor transparency, no info on the pricing, and absence of backtests and strategy info.
2.0

Functionality

2.0

Reliability

2.0

Strategy

2.0

Price

3.0

Trading Results

2.0

Vendor Transparency

Pros

  • +Fully automated system
  • +Does not use Martingale or grid methods

Cons

  • -No strategy explanation is present
  • -Lack of vendor transparency
  • -No info on the pricing
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