RoFX Review – Simplified Trading for Beginners

Published

4 years ago

May 21, 2020

Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.

How to Get Started with RoFX

You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net. After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient.

The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.

The following packages are available:

Trial
Easy start
Moneymaker
Gold
VIP
VIP PAMM

You may view the details of the packages in the image below. It is a wise decision to take the 30-day trial before purchasing a package.

Features of RoFX

The user-friendly interface of RoFX provides the traders with brilliant features to make trading easier and more profitable, such as:

You can start easily: Using RoFX EA is easy; any amateur trader can start trading with a trial short-term investment for thirty days of trading.
Minimum risks: As a ‘no loss forex robot’, RoFX has the stop-loss system to block trading at minimum loss.
Daily profit: At the end of every profitable day, the trader can make a profit.
Return of funds: After investing in the funds, the trader can get them back anytime.
No leverage: RoFX traders with their own funds and customer funds only.
Deposit security guarantee: The reserve fund of RoFX makes amends that guarantee deposit security.
24/7 support: RoFX offers 24/7 customer support. A live chat option is also available for convenience.

Trading records on myfxbook

Myfxbook is the place where you can check the reliability of EA robots like RoFX. The account of RoFX on myfxbook trades using the MetaTrader 4 platform and the currency it uses for trading is USD. On the chart of myfxbook, you can view the statistics of trading. Now, have a look at the chart below. It shows that the deposit amount that was used to start the trade by the RoFX account was $10000000. With a profit of $37917471, the balance is $47917471 now. It has brilliant equity of 100%. The daily and monthly profits are respectively 0.26% and 8.07%. It also has an impressive drawdown of only 0.35%. The gain and absolute gain is +379.17% at present. The trading started on July 30, 2018, and it produced the huge profits within only two years or so, as the chart displays results till March 23, 2020.

Now, the statistics are impressive, no doubt. However, how would you know that the results are real, and it is not a scam?

Well, these are the factors you need to look out for to be sure of that.

Points to prove that RoFX myfxbook account is not a scam

Verifications: On top of the chart given, you can see that the track record and trading privileges are verified. It proves that the results are genuine.
Updated chart: Sometimes, the chart shows true results, but they belong to the past. In such cases, at the down left corner of the chart, you can see when it was last updated. This chart, as you can see, was updated just a few hours ago, which proves that the data is real-time.
Transparency is Maintained: Many accounts keep a lot of the data private, so traders cannot see it. Those accounts are definitely suspicious. RoFX, however, keeps almost all its data exposed for people to see, except for open trades and open orders as these two are private. So, we can match the data with the chart.
Realistic claims: Sometimes, you can see unrealistic claims on myfxbook. For example, some accounts show that trading started with a little amount on deposit which made huge profits within weeks or months. RoFX, however, does not reveal anything like this. The account started with a little amount, and it grew slowly and took almost two years to reach where it is today. This kind of chart is more reliable.

Conclusion:

So, we can conclude that RoFX is a reliable forex EA robot. If you are a novice and worried, if you would be able to make profits, you can try RoFX once. It is specially designed for novice traders who are starting it. It is convenient to use and easy to understand.

Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

Published

4 months ago

December 29, 2023

Crispus

BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD) on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

December 27, 2023

Crispus

Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

December 22, 2023

Crispus

Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5^th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…