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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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Crypto Apps

Sylo launches game-changing solution Oya and announces integration with Tezos

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Software development company Sylo has officially launched Oya today – a complete reimagining of its backend architecture. The company said the new product “leads the way for mainstream decentralization.” Sylo’s goal is to democratize access to communication and financial capabilities, without sacrificing privacy, personal data and user experience. Additionally, Sylo has deployed wallet support for public blockchain Tezos in their multi-chain wallet-messenger decentralized app, the Sylo Smart Wallet, which currently has over 250,000 users around the world.  

“We’ve solved the hard issues of scalability, performance and fair-reward in a decentralised setting, allowing developers to build apps with a real competitive advantage. The launch of Oya brings our vision of a future worth looking forward to, a whole lot closer and we’re really excited about what can be built on this new decentralised foundation,” said Ben Jordan, Sylo Co-Founder and Product Director, in a statement.

“The Oya Launch opens the door to a plethora of new features and business opportunities, many of which we will be unveiling over the next two quarters,” said Dorian Johannink, Sylo Co-Founder and Business Director.

The Tezos blockchain supporting firm TZ APAC is advising Sylo on technical integration of Tezos, to improve developer experience and increase adoption of the Sylo wallet in…

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Bridge Mutual Closes Gap Between Traditional Finance and Digital Finance Insurance

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One of the biggest problems standing in the way of widespread crypto adoption is lack of trust, particularly when it comes to assets on centralized exchanges or complex exploits on decentralized protocols. While it is true that cryptocurrency blockchains are difficult to tamper or manipulate, other services in the space still experience multiple large-scale hacks per month. 

Centralized exchanges are prone to having their funds hacked, stolen, or lost. From the infamous Mt. Gox and FCoin hacks to the most recent KuCoin heist, dark clouds have been cast over the industry for centralized exchanges. These frequent incidents, in addition to the frantically volatile nature of crypto markets, have stopped cryptocurrency from gaining momentum. 

That’s where Bridge Mutual comes in to offer insurance. It aims to give institutional crypto investors a reliable way to offset their investment risks by issuing discretionary insurance against exchange hacks, smart contract attacks, and stablecoin crashes.

How does Bridge Mutual work?

The funds used to insure Bridge Mutual’s policy holders come from stakers who are able to select the stablecoin, exchange, or smart contract that they want to insure. After funds are locked in, they enjoy passive income from investment yields and profit sharing in the system. 

Likewise, the process for purchasing insurance through Bridge Mutual is just as simple as stakeholding.…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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