WinFX is an automated trading managed account solution located in Moor Place1 Fore St Ave Moorgate, London EC2Y 9DT. WinFX provides a platform for investors to fund their accounts and set their trading preferences while they manage their portfolios using artificial intelligence strategies.
There are 3 account types provided for you to get started as soon as possible – Conservative, Moderate, and Aggressive mainly according to the risk-reward ratio. Now, you will notice that the potential ROI and minimum deposit requirement were not stated.
What is WinFX Automated Trading? Either is WinFX scam or legit?
- WinFX is a program that claims to automate Forex trades. It’s like putting a plane on autopilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
- Automated trading solutions like WinFX are getting a lot of hype of late and Forex robot scams are not far behind.
- Most automated trading scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
About WinFX AI Managed Account
As aforementioned, WinFX is based in Moorgate, London. There are so many things said about strategy and working formula but they failed to introduce us to the people behind this trading solution. Without information on who runs this website, tracking their experience and activities in the industry is difficult.
During our review of WinFX, we saw that there are 3 components that govern how this software works – Automation, Investment and Security.
The Automation part works with technology similar to Google DeepMind’s AlphaGo for algorithmic trading, The Investment component tries to explain how their technology picks the best strategy for each market condition. The security part explains the safety of your deposited money.
They tried to let us believe that the combination of this trio guarantees safe and profitable investment but something is missing. Apart from the fact that they did not reveal the minds behind this system, they failed to mention popular and well-established trading strategies as a component. If you’re looking for proper Forex trading tools that give you a professional edge, your best bet is to rely on our most recommended trading tools here.
Of all their faults, WinFX service failed to provide a verified result from a third-party statement-sharing site like Myfxbook.
Nowadays, anybody can open an online shop and say whatever they like in order to make you believe. But unless they show you account statements that are audited by a highly reputable, third-party accounting firm, take it with a grain of salt.
Because Forex trading is still relatively unregulated, the number of scams seems to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.
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- Strategy Combo
- Professional website
- AI technology
- No verified result
- No popular strategy