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RoFX Review – Simplified Trading for Beginners

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RoFX Review

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.

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AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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The Pros And Cons Of Cryptocurrency

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cryptocurrency

Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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Enhancing the DigitalBits Ecosystem through the XDB Foundation

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The DigitalBits ecosystem welcomed a new benefactor in the form of the XDB Foundation, a non-profit organization dedicated to providing support for DigitalBits. The main objectives of the XDB Foundation include the DigitalBits Ecosystem Support Program, supplying both financial and non-financial assistance to qualified entities and projects within the DigitalBits community, with a focus towards innovation and speeding ecosystem growth.

Michael Gord, MLG Blockchain and GDA Capital founder, has been appointed to the role of Managing Director of the XDB Foundation.  “I am excited to see the launch of the XDB Foundation and to be joining the DigitalBits ecosystem in this new capacity,” says Gord. “In the coming weeks, the XDB Foundation will share additional updates regarding its key initiatives.  Over the past 2 years, we have seen DigitalBits achieve various milestones and with this next chapter I’m excited to see the XDB Foundation contribute as the new project lead supporting education, research and development, and ecosystem growth and adoption.”

Michael Gord’s first initiatives within blockchain started with establishing the McGill Students’ Cryptocurrency Club, McGill Students’ Fintech Association, Bitcoin Canada and providing leadership on the global expansion of the Blockchain Education Network.  Notably, he is also a key contributor to the Kerala Blockchain Academy, one of the largest innovation hubs for blockchain technology worldwide. 

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