FX Maximal EA is a forex robot that promises to usher in a lifetime of profits. It is built for trading on the MT4 platform and promises to work like “magic in disguise”. The vendors assert that their strategy is non-martingale and the risk involved is limited in order to maximize profits. There are no detailed information on the robot but it is easy to setup, fully automated and can run on small accounts. It works on the M15 timeframe and trades three currency pairs (EURUSD, GBPUSD, AUDUSD).
The vendor sells the robot in two packages:
Standard Package of one real account and one demo account for $323
Premium Package of 3 real accounts and one demo account for $499
For such a high price tag, the questions are: Is the FX Maximal EA worth its price tag? Is this robot recommended for all forex traders?
FX Maximal EA: To Trust or Not to Trust?
There are some factors that will help us determine the efficiency of this EA. These are:
The vendors provided what can be called an unverifiable Myfxbook account, showing trade results on a demo account from August 2016 to April 2017. The results looked impressive within that period and showed a gain of 2394.61%. However, there are no verified real money trading results for FX Maximal, and even the demo account trading results ceased being updated in the same period as the last results were shown. A user explained that the robot sustained huge losses and so the vendors couldn’t update it for everyone to see the failure of this robot. This is quite instructive and explains the sudden disappearance of this product from the radar.
Generally, the user reviews on the FX Maximal EA is negative. The users complained of sustaining losses while trading with this robot. They also complained of “horrible customer support”.
One problem with anonymous vendors is that you can only contact them through a form on their website or sometimes by email. It might take days or weeks for them to reply, that is, if they reply at all. Scammers employ this perfect strategy. They leave no phone numbers, social media identities or office address, so there is no way to trace them. When they fail to keep their promise, their clients can do nothing about it. This is the case with FX Maximal EA.
Unfortunately, www.fxmaximal.com is up for sale and the website is blank. This can only mean one thing; FX Maximal EA is now defunct. This comes after being dormant for a long time with no trading activities.
From the on-set, the vendors of FX Maximal EA assumed the tone and tactics of scammers. In fact, some reviewers believe that Martingale was what their system used. One two occasions, the FX Maximal vendors posted unconvincing denials on their homepage. From user reviews, their system did not work as promised and their support was almost non-existent. This is exactly why many traders avoid anonymous vendors; they have no image to protect and no way of tracing them. Some even move on to design another website, give the same failed robot a new name and resume sales. The FX maximal EA may not have been a scam, but the vendors knew that they are likely to fail and therefore had an escape plan. They decided to toe the line of scammers. Therefore, the FX Maximal EA is not recommended to forex trader.
Fortunately, the robot is longer available.