Learn 2 Trade FX Fury 2020 Forex Robot Review

Learn 2 Trade FX Fury 2020 Forex Robot Review

Year on year more forex robots appear on the scene. The technology and the automation it provides for traders just seems to get better and better. 

An increasing amount of investors now opt to add an automated system to their trading strategies. Particularly in forex trading, which can take up a lot of time when it comes to research and planning. It also means that no matter how busy you are, you won’t miss a beat.

Traders both seasoned snd inexperienced are seeing the benefits of algorithmic trading. For some, the robot means having the ability to buy and sell whilst holding down a full-time job. For new investors, it might be that they want to trade forex but don’t have months to learn the ropes.

If this sounds like something you are interested in, FX Fury is 100% automated, works on a 15-minute time frame, and is active in multiple currency pairs. As attested by the developers this bot delivers a success rate of over 93%. In fact, it was voted the Best Forex Robot of 2019.

In this review, we’re going to run through both the negatives and the positives of this forex robot to help you make an informed decision on whether FX Fury is the right system for you. 

 

Table of Content

     

     

    What is FX Fury?

    Headed and designed by Rypax INC (developers of Forex Steam), FX Fury is an automated trading robot, sometimes called an ‘expert advisor’. The bot is trader-friendly for all skill levels, and for that reason, it is one of the more popular forex robots out there.

    This system operates using a tested time-restricted approach of MT15 (15 minutes). It’s compatible with FIFO and NFA and works well with MT4 and MT5 broker’s who are in support of automated trading. As a trader, this gives you the power and flexibility to invest in a low-risk environment with calculated risk.

    The FX Fury platform boasts hundreds of positive user reviews as well as verified trading results. This robot enables investors to diversify their portfolio and distribute risk. In addition to managing numerous currency pairs smoothly, it also works well with multiple platforms such as Build 600+, FIFO, NFA, MT4 and MT5.

    Existing users are outwardly positive about the product’s low-risk money management strategy. As we said this forex robot is for all skill levels, and the product is very easy to install without the need of an expert.

    Is FX Fury a Legitimate Forex Robot?

    In the world of forex trading, there are many bold claims of ‘get rich quick’ robots. The problem is, there are a lot of bogus claims out there with no evidence at all to back them up.

    The reality is there is no such thing as 100% risk-free trading, especially when it comes to forex. The markets can change in the blink of an eye. But despite this, there are some excellent forex robots out there. And the software can indeed help you to become a more profitable trader, whether that’s an end-to-end service or you decide to tweak the system a bit.

    The general consensus is that FX Fury is 100% legitimate. Tested settings and 100% verified Myfxbooks results are easily accessible. There are tonnes of FX Fury user reviews

    How Does FX Fury Work?

    The team behind FX Fury frequently upgrade the product to appease its loyal customer base. The company is very vocal about wanting to help investors grow and achieve success.  Given the fact that it has maintained its top status in 2020 – traders are happy with the results. The platform aims to grow traders accounts by between 20% and 40% per month.

    FX Fury uses a predetermined set of rules and a trading strategy which combines a time restriction and scalping method. As long as the volatility is low this strategy can work well for several currency pairs whilst remaining steady.

    The product has built-in profit-making settings. The designers have enabled traders to set the lot size, choose which days they want to trade, and select a stop limit. The forex robot will automatically close a trade as soon as it receives its target profit. This rare customisation feature lets you fix a stop limit.

    In a scenario where an asset isn’t moving the way you thought it would, the order will be kept open for longer. As we have said, this forex robot is compatible with any MT4/MT5 broker.

    The system takes 5-10 trades each and every day using its low drawdown and high reward technique. It will only ever have 7 trades open at any one time and opts to get in and out of the market quickly. 

    FX Fury Accounts

    There are 2 packages available for FX Fury – these are ‘Gold’ and ‘Diamond’. Here are some key features of each to help you decide which one is better suited to your trading plan.

    Gold Account

    The gold account is the most popular among FX Fury customers. A gold account will cost you $229.99 and you can expect 1 live account licence, unlimited demo accounts, up to 10 trades a day, and free software updates. In addition to this, you are guaranteed high-performance settings and a lifetime FX Fury membership.

    Diamond Account

    The diamond account is the more expensive of the two, and it will set you back $439.99. This is a one-off payment.

    Your diamond account includes; 2 live account licences, unlimited demo accounts, and free software updates. High-performance settings and a lifetime membership are included in the price.

    How to Sign up for an FX Fury Account

    Now you know a little bit more about FX Fury, you’re probably going to want to start trading. Of course, before you can do that you are going to need to go through the registration process. We’ve put together a few steps to get you started.

    Step 1: Register for an Account

    First of all, you need to go on the FX Fury website and double click on ‘Join Now’. This will take you to the page where you can choose between the Gold or Diamond account.

    Once you have decided and hit ‘proceed to checkout’, the platform will require you to enter your name and email address, as well as select a payment method.

    You will make a one-off payment for your forex robot including membership. This is via PayPal (a popular choice) or credit card.

    Step 2: Download FX Fury Forex Robot

    After you have paid for the product you will receive a registration email (if it seems to be taking a while check your spam box).

    You will have to click on a link within the email which will enable you to download the software you just purchased. It really is as simple as that.

    Step 3: Try a Demo Account

    Whether you decided on a Gold or Silver account, you have access to unlimited demo accounts. This is something you should take full advantage of. Not all forex robots have this feature and it is definitely a plus point.

    When using a demo account you can still access the same information on Myfxbooks as you can on a live forex trading account.

    Step 4: Start Trading with FX Fury

    Now you have familiarised yourself with the FX Fury system you can make a deposit and start trading for as little as $100 Alternatively, you can just stick with the demo accounts for now.

    FX Fury: Significant Features

    As we’ve already mentioned, FX Fury uses a mixture of scalping strategies and time restriction. The software opens all of the trades during the least volatile market conditions and all within 1 or 2 hours.

    This strategy can work really well when trading more than one currency pair at once.

    Time-Restricted Trading

    If you have a limited amount to invest, then you will find this strategy particularly useful. What this approach means is that the robot needs to function for a specific amount of time in order to restrict possible losses. FX Fury only trades for one to two hours per day.

    Incremental Toll Sizing

    Essentially, this is a money management feature. If it is false you can set your own lot size. If on the other hand, it is true, you will be able to just use the default lot size.

    100% Verified Myfxbooks Trading Results

    In such an unpredictable trading environment like forex, investors want to see verified trading results. As we covered briefly earlier – when visiting the FX Fury website you have full access to Myfxbooks (a third-party testing house).

    Here you can see verified trading privileges and account track record details. You can click on any Myfxbook account you want to view. There is a lot of detail on Myfxbooks, and the information is available for both the live and demo accounts.

    This forex robot has a steady track record on Myfxbook. All results are accessible on the website and it also illustrates trading progress.

    Here is an example of FX Fury accounts, but there are more on the website, inclusive of live trader details.

    You simply have to click on the currency pair you are interested in and you will be redirected to a much more informative page. As you can see from our example below (using GBP/USD), there is an extensive amount of trading information available on the FX Fury website.

    Flexibility

    As we touched on earlier, FX Fury is fully compatible with various different platforms. This makes it very adaptable. This forex system works with NFA, Build 600+, FIFO, MT4 and MT5.

    The product has supported and fully tested settings, low drawdown trading of 20% or less, and ECN compatibility. Besides all of this, you can utilise the various filters on offer. This can be helpful to keep clear of trading during poor market conditions.

    We mentioned earlier that you can tweak the custom features to suit yourself if you wish. So if you’re a bit more experienced in trading you might want to be more involved with the robot. On the other hand, if you want a fully passive experience you can just sit back and let it do the work for you.

    Backtesting

    If you want to see the FX Fury 15-year backtest, you can just visit the platform. You will be able to see drawdown statistics, gains, win rates, profit factors, and more.

    FX Fury provides live verified Myfxbook account results. You will be able to click on each link to view every account in more detail. Don’t forget this forex robot opens no more than 7 trades at a time and doesn’t hold those positions open for long. This ‘in and out’ strategy can be really effective.

    Max Spread

    If your broker has a spread which is more than the FX Fury default value, then you must increase your max spread in order to accommodate.

    Customer Support

    It’s fair to say that FX Fury has high standards, and this is reflected in the customer support team. The robot is easy to install, but if you are having trouble with it then the support team here is friendly and always happy to help.

    Customer support is available 24 hours a day, 7 days a week on this platform – so you will never be left to your own devices if you need advice.

    The Verdict

    This forex robot is praised by both newbies and seasoned traders alike. The software is really easy to set up and you don’t need to have any knowledge on technology or trading to get started.

    The continuous software updates and great features show that a lot of effort has been put into the design of this forex robot. There are various competitors in this arena and FX Fury is still up there with the best.

    We think that the flexibility of the product is really convenient when it comes to changes in market conditions. It might be a good idea to sign up to the basic account at first and try out a few demo’s to find your feet. Every trader is different, so you need to make sure it’s going to work well with your investment strategy.

     

    FAQ

    Is FX Fury a scam?

    No. The general consensus is that this forex robot is legitimate and allows access to trading results as well as 15 years backtesting.

    Does FX Fury have a free trial?

    No. On the website, it states that the company is pleased with its current rate of client acquisition so it has opted against offering a free trial.

    What is the minimum deposit for FX Fury?

    When using a demo account you can start with zero. On a ‘micro account’ you can typically start with $100 to begin trading live. Ultimately, this depends on the broker you sign up with.

    After signing up, how long do I have to wait for the product?

    When you have signed up for FX Fury you will receive a link to download your new forex robot immediately. You will receive the registration link via email. If you can't find it, check your spam.

    Is it really possible to make a profit with FX Fury?

    Whilst there are never any 100% guarantees for trading success, this company is verified by a third-party called Myfxbook. You can see the results and user reviews for yourself with ease. 15-year backtesting is also available.

    Is it easy to sign up with FX Fury?

    It is very easy to sign up. Installation takes around 5 minutes, and FX Fury comes with full guides and video explainers.

    Does FX Fury have a demo account available?

    Yes. When you have purchased the product and registered your account, you have unlimited access to demo accounts so you can try out different currency pairs etc.

    Author : Kane Peppi

    Kane Peppi

    Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Academically, Kane holds a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and he is currently engaged in a Doctorate Degree researching the money laundering threats of the blockchain economy. Kane is also behind peer-reviewed publications - which includes an in-depth study into the relationship between money laundering and UK bookmakers. You will also find Kane’s material at websites such as MoneyCheck, the Motley Fool, InsideBitcoins, Blockonomi, Learnbonds, and the Malta Association of Compliance Officers.